15, 20, & 30-year Level-Premium Term Insurance with a Return-of-Premium Rider. Look below for GREAT products from AIG, Lincoln and Chase.

For immediate attention contact our ROP specialists

CLICK HERE for AIG ROPTerm forms
CLICK HERE for Lincoln ROPTerm forms

"Buy Term and Invest the Difference"? How about "Buy Return of Premium and Pocket the Difference!

Term insurance has seen two important developments in recent years:

• The cost of term insurance has declined.
  
• The industry has developed "Return of Premium" products which return all of your premiums at the end of coverage period if there hasn't been a death claim.

Download TheUSBroker PDF Chart on Internal Rate of Return (IRR):
1. Refund Term (ROP) vs. Term vs. Universal Life (UL)

Review the advantages of ROP in this informative presentation
ROP Advantages Presentation

More importantly for Smokers, ROP is an affordable option to get life insurance. See our ROP Smoker's Advantage Page to see the great rates for Smokers vs Term and Universal Life.

Return of Premium (ROP) Term insurance is an exciting alternative to traditional term life and permanent life products. With ROP, clients can look forward to a refund of their cumulative premiums at the end of the level-premium period, or prior to the end of the term depending on the product selected.

ROP Term Life is ideal for individuals interested in basic term protection but hesitant to invest in insurance they may not need, or permanent insurance they cannot afford or view as a poor investment. It addresses the primary objections to both basic term insurance as well as permanent life insurance.

The objections to Term coverage: The clients feeling of having thrown their money away every time they pay their premium is eliminated by the fact that they will get it all back at the end of the term. The concern that term insurance will expire at the end of the specified term period and clients will be left uninsured is addressed by the rights that some policies provide to convert to a universal plan at any point prior to age 75 within the term period. This conversion will be to the same underwriting class as their term plan. In summary, this is not just a win win for your client, but a win win win!!!

WIN - The face amount is paid in the event of death

WIN - The term coverage may be converted in the event of sickness to protect future insurability (conversion can take place even if premiums are refunded).

WIN - The premium may be returned in full should client desire at the end of his/her term

The usual objection to permanent coverage is the cost. ROP is a fraction of the cost of permanent coverage, and with conversion rights clients can convert ROP to a policy providing permanent protection.

As one would expect, level term plans offering the ROP feature cost more than a typical level term plan. It is important to note, however, that this added premium is:

1. Returned also at the end of the term.
   
2. This added premium grows at rates in excess of 7% per year.

With one company a "Rider" is used as the means to return all premiums paid. The Rider can:

1. Return the premiums paid rounded down to the nearest $100.
   
2. Or the Rider can be set for an amount up to 70% of the life insurance coverage purchased.

But what about the advantages to the selling broker?

1. Competitive rates - often lower than what your customer is currently paying for traditional term.
2. Commissionable premiums far in excess of currently offered traditional level term.
3. Superior commission rates
4. Companion sales

For an in-depth analysis on the benefits of Term Insurance see USBroker's newsletter:
Term Wars - Agents Fight Back with Refund Term

For licensing and sales on both products - contact:

CLICK HERE for AIG ROPTerm® forms
CLICK HERE for Lincoln PROTerm® forms

or Download the forms directly below: