Get your money
When you think of owning a life insurance policy, getting a return on your money isn't generally something that comes to your mind. We offer “Return of Premium” (ROP) life insurance that pays back the money you spent on monthly premiums if you were to outlive the term of your coverage.
How does “Return of Premium” life insurance work?
- Select the term length for your coverage (ROP available on 20 and 30-year terms only).
- If you pass away during that time, your beneficiaries will receive a tax-free death benefit.
- If you outlive your policy term you will receive a 75% refund of all premiums paid.
Here’s an example:
Bill is a 35 year old male who has a 20 year ROP life insurance term policy who pays a monthly premium of $70/mo. Over the course of his 20 year term, Bill has paid $16,800 in premiums. Because he hasn’t experienced any health issues during his term, he received a check from the insurance carrier for $12,600 tax-free.
This is what we call, “making your life insurance work for you.” Enjoy your protected years knowing that you never again have to worry about just throwing your money away after your life insurance policy expires.