Refunds
Refunds (a.k.a. discounts) are determined through experience-rating, which compares actual claims against the premiums collected for the policy year. When claims are lower than expected, the insurance company may return a portion of the premiums. The amount is not paid out As cash — it is applied as a credit toward future premiums for the same insurance plan.
| Year | Term Life Insurance | Disability Insurance | Office Overhead Insurance |
|---|---|---|---|
| 1996 | - | - | - |
| 1997 | 15% | - | 26% |
| 1998 | 17.8% | - | - |
| 1999 | 10% | - | - |
| 2000 | 30% | - | 15% |
| 2001 | 30% | 5% | - |
| 2002 | 15% | 13% | - |
| 2003 | - | 20% | 15% |
| 2004 | 40% | 40% | - |
| 2005 | 50% | 50% | 30% |
| 2006 | 50% | 25% | - |
| 2007 | 65% | 5% | 30% |
| 2008 | 75% | 35% | 60% |
| 2009 | 50% | 20% | 25% |
| 2010 | 50% | 10% | 60% |
| 2011 | 50% | 15% | 50% |
| 2012 | 50% | 33% | 82% |
| 2013 | 40% | 15% | 75% |
| 2014 | 20% | 40% | 70% |
| 2015 | 50% | - | 70% |
| 2016 | 60% | - | 75% |
| 2017 | 60% | 5% | 75% |
| 2018 | 50% | 10% | 75% |
| 2019 | 50% | 15% | 75% |
| 2020 | 50% | 15% | 75% |
| 2021 | 60% | 15% | 75% |
| 2022 | 40% | 15% | 50% |
| 2023 | 40% | 10% | 40% |
| 2024 | 50% | - | 20% |
| 2025 | 40% | - | 20% |
| 2026 | 50% | TBD | TBD |
Last updated
December 10, 2025
