Return Of Premium Life Insurance
A return of premium life insurance policy (ROP) is essentially a term life insurance with a special feature: you get all the premium money you spend on your term life insurance policy paid back to you at the end of the term. And, best of all, the premium money refunded to you is not taxable.
If you’re evaluating term life insurance premium policies, be sure to look at return of premium term insurance to see if it’s right for you. A Benchmark Broker agent who specializes in life insurance can help you learn everything you need to know about various life insurance options.