1. J Scott BurkePRO
    President, Newbury Inc., Evansville, Indiana
    By life insurance money, I assume that you mean the money the insurance company pays to your beneficiary? It comes from your and everyone else's premiums.

    Think about it. If one thousand young healthy 30-year olds buy a 30-year level term life insurance policy, all of them pay premiums for 30-years. But how many of them do you think will actually die during that 30-years? One or two of them. Those are the only ones that will get anything back from the insurance company.

    The premiums from all 1,000 times 30-years will pay the death benefit for the one or two that die.
    Answered on April 14, 2013
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