Term life insurance - Return Premium Term life insurance. 1  A form of term life insurance coverage that provides a return of some of the premiums paid during the policy term if the insured person outlives the duration of the term life insurance policy.
5 Years Ago Bernie Madoff Was Sentenced to 150 Years In Prison â Here's How His Scheme Worked. Five years ago Sunday, Bernie Madoff was sentenced to 150 years in prison for running the biggest fraudulent scheme in U.S. history. Even now, only a few of his victims have since regained all of their losses.
According to the original federal charges, Madoff said that his firm had liabilities of approximately US$50 billion. Prosecutors estimated the size of the fraud to be $64.8 billion, based on the amounts in the accounts of Madoff's 4,800 clients as of November 30, 2008.