Litigation

Return of PremiumTerm Insurance

By John Darer

Return of Premium term insurance is a life insurance solution for those who want to pay a low level premium and would like something extra to help pay off the mortgage at the end of the term.

Essentially the policy ha s a cash value equal to the cumulative base premiums paid upon surrender of the policy at the end of the defined level premium period.

One of the major life insurers offers 17 different term durations (up to 35 years in certain states)

Naturally the Return of Premium term (or ROP Term) comes with a higher price than traditional level premium term insurance. Your agent should be able to perform a present value calculation to help you compare different alternatives and inform you whether the additional outlay makes sense in your particular case.

Full post as published by Structured Settlements 4Real on July 13, 2010 (boomark / email).