Premium Refund Benefit

15 years without claim. We'll reimburse a portion of your paid premiums.

The rider allows for three refund opportunities: two 75% refunds and one 100% refund.

How does it work?

15–Year Premium Refund Benefit

The Insurer will pay to the parent a maximum of two (2) Premium Refund Benefits amounts over the lifetime of the Policy when a 15-Year Refund Period is completed. Children360 will reimburse seventy-five percent (75%) of the Refundable Premiums when a 15-Year Refund Period is completed.

Premium Refund Benefit at Age 75

When the child reaches the insurance age of seventy-five (75), Children360 will pay to the parent 100% of the premiums paid since the last 15-Year Premium Refund Benefit paid, less any Partial Payout benefits for Covered Critical Illness paid.