Information on Term Life Insurance

Term life insurance provides coverage for a specified period of time, which usually ranges from 5-30 years depending on your need for coverage. A death benefit (coverage amount) is determined when the policy is applied for, and the beneficiary receives the death benefit if the insured individual dies while the policy is in force.

Premiums on a guaranteed level term policy remain level for the duration of the policy. A non-guaranteed policy's premiums will typically remain level for a pre-disclosed period of time and then increase after that.

There are usually various options available on most term life insurance policies, including child riders, accelerated benefits riders, and convertibility options to permanent insurance coverage.

Term life policies are designed to meet a specific need for a stated period of time. Term life insurance can be especially useful for anyone who has a financial liability that must be insured (like the purchase of a home).

Term life insurance is the lowest priced life insurance coverage on the market. Term life insurance offers the best life insurance value available by providing the largest amount of coverage with the least premium dollars. In comparison to permanent life insurance products (universal or whole life) term life allows you to save money on life insurance and invest the savings in a higher yielding investment.

 

Term Life Insurance With Return of Premium

With ROP Term, you can get the coverage you need to protect your loved ones if you should die AND the amount of money you paid returned if you are still alive at the end of the term of the policy.  If you keep the policy in force, you collect whether you live or die.

See for yourself how this win-win policy can give you top-notch coverage AND your money back.

The major difference is that ROP Term pays you back at the end of the term if you are still alive. ROP Term offers the same dependable death benefit coverage term life insurance provides for income replacement, household expenses, medical bills, taxes, debt consolidation and more. It covers all of the expenses that might create a financial hardship for your loved ones, or can fulfill the dreams you had, such as paying off your family’s home.

There is no catch. ROP Term is a different type of term life insurance policy. Assuming your policy is paid up and in force, your loved ones will receive full benefits should you die. And if you are still alive when the term ends, all your money paid in premiums will be refunded. 

Coverage if you need, all your money back if you don't.

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