Ads
Return of Premium Term Life
-- By Pushpa Sathish, Staff Writer
Term life insurance is not a very popular option simply because it makes death look like the best way to gain any return from your investment. Beneficiaries of a policy have to lose a loved one to gain monetary advantages from the deal.
But there is one term life insurance policy that offers a policy holder 100 percent of all premiums paid, even if he/she is alive at the end of the designated term – the Return of Premium (ROP) term life insurance. The premiums are a little higher than in a normal term life policy, but that’s just how the money is returned at the end of the term - the extra amount paid as premium is invested for capital growth.
The premium paid depends on the term of the policy, the longer the term, the less the premium. This makes sense since money grows more over a longer period of time.
--
Did you enjoy this post?
Comments
Post a comment
« Types of Term Life | Main | Who Needs Term Life Insurance? »
Syndicate
Comments