There are several companies out there, like Mutual of Omaha for instance, who offer a $25,000 max benefit with what is called a guaranteed whole life policy. There is a two year waiting period, but if the insured dies sooner the beneficiary receives all premiums paid, plus interest. Their target market is average senior citizens who can't get regular policies, but the insurance company hopes are still healthy enough to live for quite some time. It is pretty expensive and not ideal for folks who could well live for a good number of years after purchase. The insurance company won't come out ahead with the vast majority of PALS.