What happens at the end of a term life insurance policy?
I'm thinking about purchasing a life insurance policy. The term insurance is cheaper of course. I understand that it lasts for however long a term you designate. What happens to a 10 year policy on the 11th year. Do you get any of your payments back?
What happens at the end of a Term Life Insurance Policy?
I'm trying to make up my mind to buy a term or whole life insurance policy. Wholly ignorant about insurance in general. I know if I buy term it'll be cheaper because I'll purchase it for a set amount of time... say 10 years. What happens on the 11th year if I'm still alive? Do I get any of my premiums paid back?