What is Return of Premium Life Insurance?

If you're shopping for life insurance you may have heard about a type of life insurance plan that returns your premiums.

It's called ROP or Return of Premium Term Life Insurance. And, if you don't wnat to pay money into life insurance you may not use, then why not get your money back at the end of your coverage?

How does it work?

ROP term life insurance charges you a level premium each year for the duraiton of your term life policy which you can choose from a period of 10, 15, 20 or 30 years.

If you are alive when the "term" of your life insurance ends, you get your premiums back.

What's the catch you ask?

Well, although term life insurance has the lowest rates on life insurance for 30 years or less of coverage, a return premium term life insurance policy does charge higher rates than regular term life plans.

But, since you are betting you'll be around when your policy expires, you get back those premiums.

Learn more about how return of premium term life insurance works and compare free quotes today.