Money-Back Life Insurance is a permanent life insurance which provides coverage for whole life where as Term insurance as the name states is temporary and expires after the term-period.

Money-Back policy also builds cash value that you can access whenever you want.

The premium of your policy will depend on the face amount of the policy, age, overall health and smoker status.

The flexibility feature of this policy allows it to be designed as per your monthly budget that is affordable to you.

One of the biggest benefits of this policy is premium flexibility. If you experience a temporary financial hardship after your policy has been in force for a certain length of time then you can decrease your policy premium or take break for some time on premium payments and utilize the cash value for that.

On the other hand you can increase your monthly premium payments to contribute faster to your policy and thus getting more cash value.

Yes, you can access your cash value. You can either take a Loan or withdraw from the policy's cash value.

The cash value can be accessed at anytime but it's recommended that you let it accumulate for some years first.

There is no lock-in period. You have the flexibility to pay faster or slower and adjust your premium payments accordingly.

Even the cash value is not locked and can be accessed at anytime but it's recommended that you let it accumulate for some years first.

The policy can be cancelled at anytime and you will get 100% of your policy's cash value upon cancellation.

You can access your cash value at anytime. Generally, you will have more cash value than what you put into the policy over a certain length of time.