At some point, paying for life insurance becomes a necessary part of adulthood. But if you outlive your policy, you may feel like you wasted a bunch of money for no reason.

But that's not always the case. Fortunately, policyholders have options for when their term life insurance policy expires, including an option to have their premiums returned.

If you're in the market for life insurance then start by getting a free price quote so you know exactly what to expect.