Return-of-Premium
(ROP) Term Life

What is ROP (Return-Of-Premium) Term Life?

ROP Term is a newly introduced term life insurance product that provides a death benefit protection and a return of premium feature. This product is revolutionary due to the fact that it bridges the gap between low-cost term insurance and permanent insurance.

Return-Of-Premium (ROP Term) is aimed right at one of the greatest consumer objections to regular term life insurance: "I am probably not going to die, and my money will have been wasted." With ROP Term you do not have to waste your money. Unlike regular term, ROP Term rewards you for living by offering a guaranteed return of your total cumulative premium paid on the policy during the level term period, not including substandard and rider charges, if any, will be paid to the policy owner at the end of the level term period if the policy is then in force.

Example: Male, 35 preferred plus, 500K 30 year term:
Annual premium = $810, Return of Premium after 30 years = $24,300

($810 x 30yr = $24,300) Income Tax Free, because the premiums you paid is after tax dollars.

The ROP Term product series features level-death benefit term plans with fully guaranteed level premiums for the first 15, 20 or 30 years, with coverage expiring at age 95. Four rate bands are available: $100,000 – $149,999; $150,000 – $249,999; $250,000 – $499,999; and $500,000 and higher.