Return of premium (ROP) term life offers clients coverage at a more affordable price than universal life or whole life products and more options and flexibility than traditional term life.
What do your clients have when their current term plan expires? Nothing. Whereas, with ROP term life your client would have one of the following options:
- Money-back: 100% guaranteed return of premium at the end of their 20-, 25-, or 30-year term plan
- Paid-up life insurance through age 99
- Conversion with cash value: the return of premium can be used to leverage a lower cost of conversion
This is a great option for mortgage protection plans and buy-sell agreements. Look at ROP term life for your next case!
Example: Best Rate Class for Non-Tobacco, Male, Age 35, 30-year ROP term life
| Death benefit |
Annual
premium
|
Guaranteed return of premium in the 30th year
|
Guaranteed paid-up life insurance at the end of 30 years |
| $250,000 |
$550 |
$16,500 |
$33,250 |
| $500,000 |
$945 |
$28,350 |
$57,500 |
| $1,000,000 |
$1,900 |
$57,000 |
$115,000 |
Click the button below to learn how to double your average sale with our quick, ROP term life video sales tip, then reply to this message or call me at 717-216-8051 to learn more about this great product.
