Return of Premium Term Life Insurance (ROP)
The concern most expressed in regards to term life insurance policies is that once they’re done...they’re done. The money you’ve put into the policy for life insurance protection is gone once the policy has completed the planned term of coverage. A return of premium term life insurance policy can solve this concern. It will pay a death benefit to your beneficiary(ies) should you die within the policy term. If you are living when the term ends and have kept your policy in force all or a portion of the premiums paid* will be returned to you.
*Policy terms and benefits differ with each carrier so be certain you fully understand the policy before making your purchase.
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