Long Term Disability Insurance - Refund of Premium Rider | I've Paid For This Twice Already... http://www.paidtwice.com/2008/07/17/long-term-disability-insurance-refund-of-premium-rider/#comment-37570 Stacey Thu, 17 Jul 2008 12:29:28 +0000 http://www.paidtwice.com/2008/07/17/long-term-disability-insurance-refund-of-premium-rider/#comment-37570 I agree - take the $40+ per month saved and put it towards debt. Or put your own "rider" on the account, and stash that money in the bank. You'll net $2,585 after five years guaranteed ($40/month at 3%), whether you need to use the policy or not. :) We considered a return of premium rider on our life insurance. It seems like a good idea; we were prepared for the worst, but betting that it wouldn't happen. Then we found out that it doubled our combined premiums from $450 to $950. No thanks! Someone once told me insurance is insurance, and only that... not an investment. It buys us peace of mind and security, and is well worth the cost. I agree - take the $40+ per month saved and put it towards debt.

Or put your own “rider” on the account, and stash that money in the bank. You’ll net $2,585 after five years guaranteed ($40/month at 3%), whether you need to use the policy or not. :)

We considered a return of premium rider on our life insurance. It seems like a good idea; we were prepared for the worst, but betting that it wouldn’t happen. Then we found out that it doubled our combined premiums from $450 to $950. No thanks!

Someone once told me insurance is insurance, and only that… not an investment. It buys us peace of mind and security, and is well worth the cost.

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