We can’t quote online for Whole of Life Insurance with a refund of premium. But please get in touch, and I’ll quote for you and compare it to quotes from our other providers.As you appreciate from reading the above, Life Insurance with a guaranteed cashback is going to have higher initial premiums than term life insurance.Because 15 years from now, you can get your hands on 70 per cent of the money you paid.Let’s take Fiona, a 40-year-old buying €250,000 worth of cover. She wants cover until age 90.The premium on a 50-year term life insurance policy is €100 per month:This could cost her €60,000 in premiums but will pay out nothing if she celebrates her 90th birthday.The premium on a whole of life policy with cashback is €255 per month:This could cost her €183,600 in premiums (to age 100) but there is a guaranteed payout of €250,000And at any time from age 65, Fiona can cancel the policy and get back 70% of her premiums.This could be a game-changer.