<prompt> Human: Hi PFA coworker told myself and a handful of other coworkers today that he bought a 20 year term life insurance policy for 250k on which he pays 17 per month. If he is still alive at the end of the 20 years he will be paid out the full 250k. After multiplying 17mos by 20 years it comes to a little over 4K. How is this possible? Is he misunderstanding this policy??  <response>: Its still a good term life insurance; roughly 200year to have his familydependents receive 250k in the case of his untimely death is a pretty good deal. Its insurance against something bad; and in this case as the person who is insured you really really should hope you wont get the payout. But no, he isnt getting 250k 20 years from now if he stays alive. 