What is a Return of Premium (ROP) Term?

Return of Premium (ROP) is a new product that combines the benefits of a traditional term life insurance such as guaranteed level-premiums periods(5, 10 0r 20 years), with a return of premuim you pay.

An argument was alwasy there. Which is the best product to buy ? Its the "Term" or "Whole". On one side, Term is the cheapest and on the other side Whole or Permanent is a good investment. Then ROP evolved as a solution to this problem.

The process is:
You pay the premiums for the term(eg:5, 10 0r 20 years). If you live after term, we’ll give you your money back. Or if you die in the term, the beneficiary will recieve the benefits of the policy.

Disclaimer: The above provided information is for general guidance only. It is not intended as, nor should it be taken to be, legal, financial or other professional advice for your situation.