Return of Premium Life Insurance
Term Life Insurance Quotes
What is ROP Term Life?
Return Of Premium life insurance policies are similar to normal term life insurance in that the premium is guaranteed to remain level over a stated number of years. However, after the end of the level premium period, a normal term policy stops—but the money back term life insurance policy refunds all the premiums paid!
What ROP Comparison Means for You
In both ROP Term Life and normal term life insurance, if the policyholder dies, the face amount is guaranteed to be paid to the beneficiary. The advantage of the ROP term policy is that, if the policyholder lives, all of the premiums paid for that policy are refunded at the end of the level premium period.
The bottom line is that although normal term life insurance may have a lower gross premium than ROP term life, return on premium life insurance has a much lower net cost... ZERO!
With Return Of Premium life insurance the only cost of your protection is just the amount of interest the premiums might have earned if you had invested them elsewhere.
Return of Premium Life Insurance Gives You More Options
When you look at the ROP comparison, it makes it clear that buying life insurance no longer has to be a one-way street. Return of premium term life insurance is a way to reserve the coverage you need for the period of time you need it, and then get a refund of 100% of the premiums paid if a death benefit wasn't paid before the end of term.
Call us today with questions about ROP life insurance at 1-800-823-4852 8 a.m. – 5 p.m. Pacific Time, Monday through Friday.
