Return of Premium Term Life Insurance

Return of Premium Term Life Insurance is by far the most attractive life insurance innovation in a long time.  Over the course of the past several years, there has been a noticeable shift in the level of interest in permanent, cash value plans towards Term Life Insurance plans.  But consumers responding to the advice of financial gurus and taking a hard look at term for the first time often had a single, common objection. 

In general, they didn't want to spend money on something they didn't believe they would ever use.  Cash value plans were deemed acceptable because consumers perceived a return on investment.  (Oddly enough, this objection does not usually rear its head when discussing homeowners insurance or auto insurance... Perhaps contemplating your own demise is simply not easy to do and not enjoyable to prepare for...)  So spending money for 30 years for pure protection against untimely death still needed extra justification for some.

Enter Return of Premium Term Life Insurance.  (Also called ROP Term Life Insurance)  Return of Premium Term Life Insurance does just what it says.  If you purchase a 15 year, 20 year, or 30 year Return of Premium Term Life Insurance policy, and you're still alive at the end of the term, you'll get all of your money back.  The difference in price, under the right circumstances (age of the person applying, face amount, term length), between an ROP Term Life Insurance policy and a traditional level premium, level term life insurance plan can be almost negligible.

Run a free, no obligation quote for yourself and see if Return of Premium Term Life Insurance makes sense for you.  Chances are you can find a comfortable premium and earn the right to get every penny of your money back at the end of your term.  Comforting thought... and just one of the many great ways we can help at QuoteSpring.

See also... AIG Select A Term is Here!

 

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