Zero Premium Life Insurance
Return Of Premium / ROP Term Life Insurance
Zero Premium Life Insurance—otherwise known as Return of Premium Life Insurance or ROP Term Life Insurance—is a relatively new type of life insurance policy. The reason it can be called zero premium life insurance is that you get all of the money back that you put in. Return of premium life insurance does just what it says: it returns the premium. If you purchase a 30-year term life insurance policy and survive the policy (or in other words, you don't die during the 30-year term life insurance coverage), your life insurance company will refund all of the money you paid as premium.
Zero premium life insurance is an excellent way to protect your family and gain peace of mind. Because it's life insurance, your family will know that they are protected in case something happens to you. But you can also be assured that the money you have put towards the life insurance is not going to be wasted. Do you want to pay zero premium for your life insurance? If you do, then return of premium (ROP) life insurance is the way to go.
Here is an example of another reason zero premium life insurance is worthwhile. A 40-year-old male could purchase a regular 30-year term life insurance policy today with a yearly premium of $1220. If he purchased a zero premium or return of premium life insurance policy, his yearly premium would be $2160. At the end of 30 years, with the regular policy he would have spent $36,600. With the rop term or return of premium policy he would have spent $64,800 and then gotten it all back—tax free. In order to make that much money back with the regular policy, he would have needed to invest the difference of premiums ($940 yearly) and made an after-tax rate of return of 4.93%. Now you can see why zero premium life insurance is a great way to protect your loved ones, provide peace of mind, and get a good rate of return on your investment.
Zero Premium Life Insurance / ROP Term Life Insurance Quotes
Other types of Life Insurance:
