The short and simple version?
ROP life insurance is the “bees knees”.
Why?
- If you die during the 30 year term, your beneficiary receives the entire policy amount.
- If you live until the end of the 30 years, the insurance company sends you all your money back- 100% of what you spent into the policy. This essentially eliminates your financial risk and provides substantial security to your family at the same time.
The catch???
It costs more than traditional term life insurance and of course you have to qualify for the program, which is determined by age and health.
Age must be 18-50 for 100% ROP.
Ages 51-60 for 75% ROP.
Health must be moderate or better, which can be quickly determined with one of our Superhero life insurance agents.
GREAT news:
For those concerned they may not qualify for this program, Return of Premium programs tend to be more generous with approvals, than traditional term options. Also…
NO MEDICAL EXAMS REQUIRED
Anyone that qualifies for the program has the same health rating, with no medical exam requirements. It’s all what is called “Simple Issue”, which means… they keep it simple and qualifying is done in the background, by quickly viewing your MIB, which typically only takes about 3-5 minutes. No waiting for weeks, or months. 90% of clients get an instant decision upon submitting the application.
There are many reasons why most people prefer Return of Premium Term Life Insurance:
1.) Excellent coverage and benefits during the term. Pays 100% for pre-existing conditions.
2.) Coverage is sufficient financial security for most families. Typically $100,000 – $300,000 with a $25,000 minimum.
3.) 100% Return of Premium does exactly what you want… 100% of YOUR money is returned to you if you survive the policy. 100% payout if you don’t.