What is Return of Premium Term Life insurance (ROP Term)?
ROP Term is an innovative new product designed for those who expect the best but prepare for the worst. Just as described above for regular Term Life, with ROP term, if you die during the policy term, your beneficiary gets the insurance benefit from your in force policy, but what’s new is, if you keep your policy in force and live, you will get 100% of your base policy premiums back at the end of the term period you selected. If you cancel the policy after the first few policy years, a portion of premiums are returned. The early refund is an increasing percentage until it reaches 100% at the end of your selected policy term. ROP Term is available in term durations of 15- to 30-years, depending on your age. Regular term life costs less than ROP but you don’t get your premiums back if you stay alive. For help determining what type of policy is best for you, please call the number above. Licensed reps will answer your questions, compare rates of leading carriers head-to-head and give you
