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. This product is revolutionary do 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.
- 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