What is Return of Premium (ROP) Term Life Insurance?
A Return of Premium Term Life insurance Policy is a new product to the industry. How it works is you pay a little extra for a regular Term Life Insurance Policy, and if you don’t die after the guaranteed term period is over, you get back every cent that you paid in for the policy. How it works is the Insurance company takes the extra premium you are paying invests it for capital growth. As a result they are able to return your premiums to you at the end of the level-premium period. If you can afford the extra premium amount, then these polices are very popular.
