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.
Most recently, Madoff's accountant and lawyer is also facing up to 30 years in prison for his role. There are several other notable Ponzi schemes in history, including Allen Stanford's which stole $8 billion and Tom Petters' that cheated investors out of $3.7 billion.