Return of Premium

Return of Premium Term Life Insurance

Protection now. Money back later. We all recognize the need to provide life insurance protection for our families. Without it, the death of a provider can have devastating consequences. Level premium life insurance is popular because it’s a low-cost way for families to protect their loved ones for a specified period of time. Fortunately, many families never need the death benefit.

family3With level premium insurance, as long as you pay your premium, the policy will pay the death benefit in the event you die. But did you know that for a slightly higher premium today, you can get the same guaranteed protection now, and if you outlive the policy, you will get your premiums paid returned to you?  A great way to look out for children’s expenses down the road.  Life Insurance coverage NOW in the event of death or premium repayment if you outlive the policy.

Return of Premium (ROP), is insurance that pays your premiums back at the end of the level premium period you select. As long as you live to the end of the term, you have the option to get your money back: guaranteed and tax free.   And, your cash value continues to grow as long as you pay your premiums. It’s guaranteed insurance protection with a payback at the end. It’s affordable and it provides GREAT peace of mind.

Request a free Return of Premium Term Life Insurance quote now!

Return of Premium Term Life Insurance offers these benefits:

* Solid coverage for the term you select – 17 different term periods, all the way up to 35 years (depending on your age when you buy the policy)

* A fixed monthly premium that does not change during the selected term, even as you get older or if your health declines.

* Guaranteed full benefits to your loved ones if you should die. The money can be used for income replacement, household expenses, taxes, debts or dreams such as college tuition.

At the end of the level premium period, you may choose to surrender your policy for cash value – guaranteed to be equal to the premium you’ve paid over the years. Or, you can take advantage of other options to extend your coverage.

Why haven’t I heard of return of premium term life insurance before?

Not every insurance carrier offers this type of policy. Many of our carriers  began offering a return of premium life insurance policy in response to customers looking for solid coverage including a death benefit, plus the opportunity to have their premiums returned to them to use and enjoy at the end of the level premium term.

A term life insurance policy that can return premiums? Is there a catch?

There is no catch. Return of Premium life insurance is a different type of life insurance policy. Assuming your policy is paid up and in force, your loved ones will receive full benefits should you die. And if you are still alive when the level premium period ends, you can choose to receive the cash value – guaranteed to be equal to the amount you paid in premiums.

Why wouldn’t everyone choose Return of Premium term life insurance?

Not every carrier offers a policy that can return your term life insurance premiums. As a result, many people have never heard of this type of policy. Secondly, some people simply want a basic, affordable term life insurance policy. And for others, it doesn’t fit their situation, needs or budget. Insurance coverage is a highly personal decision. The team at Murphy Insurance can can provide you with information at no cost to help you decide what is right for you and loved ones.


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(859) 643-8400

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