Does anybody else have the type of life insurance that pays you back if you don’t die?
April 4th, 2009 | by admin |Both my husband and I pay monthly premiums for a “term” life insurance plan that expires in 20 years. We pay a little bit higher premium I believe but then at the end of the term, if we don’t die, we get that money back.
We are 25 years old, so our premiums were low to begin with, so paying a little bit extra wasn’t a big deal. Our insurance company is AIG though… what if they go under and can’t pay us back in 20 years?
Kirstin
One Response to “Does anybody else have the type of life insurance that pays you back if you don’t die?”
By acermill on Apr 7, 2009 | Reply
If AIG goes bankrupt, you’ve probably lost everything involved. There’s no money nor a company to pay you back.