Return of Premium Term Life
TampaBayInsuranceAdvisors.com. is proud to introduce the latest innovation in protecting your loved ones - Return of Premium Term Life Insurance (ROP). Now you can enjoy the peace of mind that comes with guaranteed level term life insurance, with the added advantage that 100% of your premium is refunded at the end of your selected term period (15, 20, or 30 years). Furthermore, if you should end your coverage early, a portion of your money will be returned.
Here's an example: The annual premium for a 45 year-old, healthy, non-smoker male for $500,000 of protection for a traditional 30-year level term policy is $1,330. The annual premium for the ROP is $1,680. Only $250 more! Unlike traditional term insurance that has nothing to show at the end of the 30 years, the ROP will return all of your premium...$50,400! Let's assume at the end of 20 years you decide you don't need your policy anymore, you would receive 35% of all the premiums you paid, or $11,760, in 25 years you'd receive 60% or $25,200. AND IT'S ALL GURANTEED