High risk life insurance is underwritten on a person that the insurance company believes will have an untimely death in the near future.  This determination is made whenever you are compared to other people of the same age and gender as you.

Some of the things that will get you classified as high risk include:

1. Smoking tobacco, even though today you will be able to live longer than you would have in the past thanks to increased medical knowledge and better medical treatment.
2. Being in poor health.
3. Working in what is considered to be a high risk job.
4. If you are a male because men usually die at a younger age then women.
5. Medical problems such as obesity.
6. Certain hobbies such as whitewater rafting, hunting, snowboarding and even downhill skiing.  This is because many insurance companies believe that you are choosing to put yourself in the way of harm on purpose and thus you are more likely to die than the average person who doesn’t participate in these types of activities.

Some insurance companies that won’t even deal with you if you are considered to be high risk.  Other companies that offer high risk life insurance will require you to pay a very high premium and take a smaller benefit at the time of your death due to the lifestyle that you lead.  However, you should know that there is also some good news for you here as well.  The good news is that you can find some insurance companies that actually specialize in writing high risk life insurance policies for their clients.  Once you find such a company you can rest assured that you have found a company that is prepared to underwrite you for a rate that will be a lot more reasonable for you.  These companies have standards that are tailored to those people who like to take extra risks in their lives.  In order to find one of these specialty insurance companies you are going to need to either go online and do an Internet search or you can talk to a local life insurance broker.

Return of Premium Life Insurance is a newly term life insurance policy that provides both death benefit protection and a return of the total insurance premium.  This policy may cost about 25 percent to 50 percent more a year than regular term insurance, but the cost can depend on your age, physical conditions, and habits. It offers the same benefits as traditional term life insurance.

This is how return of premium life insurance works:

If policy is kept for the term period, the insurance company will return the entire premium that was paid for the insurance.  The term period can be 15, 20, or 30.  Also, a few insurers are now offering a 25 year term.  The premium is fixed and does not change during the selected term, even as you get older or if your health declines. If the policy is canceled before the end of term there is some partial return of premium. But the longer the policy is kept, the higher the amount of the return.

The reward for keeping the policy is getting a guaranteed return of your total cumulative premium paid on policy during the level term period. The Return of Premium Life Insurance is income tax free because you do not receive more than you put in.  This premium does not include extra health charges or rider charges. It is not sold as an investment and there is no interest growth like a policy with the cash value feature, but if you terminate policy before coverage term ends you can receive an ample sum back. If you decide to borrow money against policy the cash value will allow you to do that without terminating the policy.

Terminating the policy will give you a small percentage back. What a great plan to have and what makes it so populate is that your investment in Life Insurance is unconditionally reimbursed. This Life Insurance plan is popular with young people.  They find this coverage appealing because it allows them to think not so much about their death, but their future.  This is a plan that deserves your attention and makes sense to invest in since you do not lose anything.