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What is ROP Term? ROP
stands for Return-Of-Premium.
ROP Term is a newly
introduced term life insurance product that provides a death benefit
protection and a return of premium feature.
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.
Instantly compare
Return-of-Premium rates from trusted top rated insurance
companies. Our
ROP Term life quotes online
search engine, powered by
Compulife, will provide you with the most competitive
rates in the country.
Once you receive your quotes you may request to receive Carrier Specific
"Term
Life Application Forms Online." You will also receive policy
illustrations
and
carrier rating information, so you can rest assure you have made the
right
choice.
You may also contact us and
speak with one of our licensed professional
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