Imagine receiving all your money-back on your Life Insurance. Your beneficiary receives a death benefit if you die, but if you live the insurance company returns all of your premiums! It’s called Return of Premium Life Insurance and it handles one of the biggest objections people have when buying term life insurance. Return of premium life insurance gives you all the benefits of a traditional term life insurance policy, plus the additional benefit of having all of your cumulative premiums paid back to you at the end of the policy period. Return of premium life insurance is also called cash back life insurance or money back life insurance. Both of these products literally mean the same thing, all premiums paid are returned to you at the end of the policy period. Return of premium life insurance gives you the best of both worlds-all the protection that you require, followed by a full refund of premiums. This protection comes at a price that is very affordable. Return of Premium (ROP) Term is an elegant and effective new solution that splits the problem up the middle. It starts out like Term Life Insurance with one extra promise from the insurer: If you pay your premiums and you live, we’ll give you your money back. On a typical 20 year Level Term Life Insurance policy the ROP feature could cost about 30% more, but that extra premium will effectively earn you a 6-7% return over the 20 years -– just enough to earn you back everything you’ve paid in. What’s in it for the carrier? LOYALTY. Carriers spend a lot of money to get your policy, and only start making a profit if you stick around more than five years or so. ROP guarantees that lots of customers stay for the full 20. And, for those that don’t, the carrier made an extra 30% on those guys -– and used some of it to pay you a solid return on your money. So if you know that you are going to be insured for the long haul, then think about tossing in a few extra dollars and getting it all back in the end. Get a Quote for Return of Premium Term Life Insurance. |
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