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Return of Premium Term Life Insurance

Return of premium term life insurance policies (ROP) are unique types of term life insurance policies because they provide a full refund of all your premiums if you outlive the length of your designated term

For example, after a period of 30 years of paying your return of premium term life insurance policy premiums, you will receive all of that money back if you are alive after 30 years. It can add up to a big lump of cash, and it is tax-free! But if something unfortunate were to happen to you within the duration of your policy, your beneficiaries would collect the death benefit proceeds in the same way as a traditional term life insurance policy.

Keep in mind the additional cost. ROP term life insurance sometimes costs 25 to 50 percent more a year than a traditional term life insurance policy. The extra cost is invested by the life insurance provider to be paid back to the owner of the policy when it expires. Is it worth the extra investment for the possibility of a pay out in the end? Many consumers say yes. However, if you cancel the policy before your term expires your refund will be small, or there may not be a refund at all.

Is ROP term life insurance the right choice for you? Each situation is different, but AccuQuote can help you assess your needs and provide you with unbiased information and advice to help you complete your family's overall financial plan. For over two decades we have been helping people like you find the best value possible and making the life insurance buying process as easy and quick as possible.

Start Now! Call Us or Submit a Quote Online!

Give AccuQuote a call today at (800) 442-9899, and let us help you quickly and easily find the best return of premium term life insurance rates without ever leaving your home or office. Or, fill out our free term life insurance quote request form.