Term Life Insurance or the one that returns money back

The purpose of insurance is to take care of the family in case of your untimely death.

Term life insurance is the cheaper option than the other ones – which return some money at the end of a certain period , say 15 or 20 years.

Which one should you opt for ?

Term Life Insurance – it costs less . The argument is you will lose all the money if you survive the period of the insurance .

But look at the other plan – the one that returns money after a certain period of time ( 15 or 20 years ) . This costs more and the amount you get back at the end of 15 – 20 years would have lost a lot of it’s value due to inflation ( varies from year to year and country to country ).