Paid policy for ten years

[ap117]

For ten years, I paid around $200 each month for a $100K life insurance policy for myself and my husband. I couldn't afford to renew the policies after they ended after ten years. Since neither of us died in that ten years, it seems only fair that I should be reimbursed some amount since the insurance company did not have to pay on the $100K policies. Do I have any recourse to be reimbursed some amount of what I paid for ten years?

 

[ShyCat]

Do I have any recourse to be reimbursed some amount of what I paid for ten years?

No. You received exactly what you paid for, no more, no less: term life insurance coverage.

 

[ecmst12]

That seems awfully expensive for a term policy, but if that's what it was, it has no cash value and you get nothing if you don't die while the policy is in effect.

 

[ErinGoBragh]

The other members are absolutely right- and I'd like to point out that you DID get something; 100k coverage in the event of your death over the course of those 10 years. Is this a term or whole life policy?