There are several life insurance companies that offer term return of premium you may also hear it called just return of premium or ROP.
What they call it does not really matter as much as how it works and what company you purchase your policy through.
You see while the products themselves work in the same manner the different insurance companies that offer the products do not all work the same.
One company may only return a small percentage of the premiums you paid for the policy while another company may give you all the premiums you paid for the policy back.
Either way you are getting a good deal on you life insurance cost but one company can be much more beneficial to work with it.
This will be totally up to you to decide.
I guess what I am trying to say is that you should do some homework before you purchase a term return of premium policy to make sure you are getting as much of your money back as possible after you have out lived the policy term.
A good place to do your shopping for such a policy would be online.
There are websites that compare multiple insurance companies side by side so you can find the best prices and check to see what percentage you will get back after the term has expired.
If you use a website and have any questions you should be able to contact the owner by using a "contact us" button or a toll free phone number to get your questions answered.
What does term return of premium life insurance really cost? Well, if you live out the term, it may end up costing you nothing! While I know that may sound strange; it is the truth.
You can find insurance companies that will cover you with a policy and then at the end of the term they give you back all your money! I never look at life insurance as a "cost" I look at it as a guaranteed investment, that I am in no rush to collect on.
What they call it does not really matter as much as how it works and what company you purchase your policy through.
You see while the products themselves work in the same manner the different insurance companies that offer the products do not all work the same.
One company may only return a small percentage of the premiums you paid for the policy while another company may give you all the premiums you paid for the policy back.
Either way you are getting a good deal on you life insurance cost but one company can be much more beneficial to work with it.
This will be totally up to you to decide.
I guess what I am trying to say is that you should do some homework before you purchase a term return of premium policy to make sure you are getting as much of your money back as possible after you have out lived the policy term.
A good place to do your shopping for such a policy would be online.
There are websites that compare multiple insurance companies side by side so you can find the best prices and check to see what percentage you will get back after the term has expired.
If you use a website and have any questions you should be able to contact the owner by using a "contact us" button or a toll free phone number to get your questions answered.
What does term return of premium life insurance really cost? Well, if you live out the term, it may end up costing you nothing! While I know that may sound strange; it is the truth.
You can find insurance companies that will cover you with a policy and then at the end of the term they give you back all your money! I never look at life insurance as a "cost" I look at it as a guaranteed investment, that I am in no rush to collect on.
