Did you know that there’s a great type of life insurance available right now that’s slowly being discontinued? It’s called Return of Premium (ROP) term life insurance and there’s no better time to take advantage of this type of life insurance. ROP is a type of life insurance that pays you back 100 percent of your premium payments if you outlive the length of your term. It offers the same amount of peace of mind as traditional life insurance coverage but with a money back guarantee.

How does it work? During the term of the ROP term life insurance policy, insurance companies invest the extra cost of the premium payments for capital growth. As a result, consumers are able to receive a full refund and life insurance companies still make a profit. For example, a 35-year-old healthy male (non-smoker) will pay about $725 annually for a 30-year $500,000 return of premium term life insurance policy. However, if he outlives his policy, he’ll get his entire $21,750 back. Keep in mind that ROP typically costs 25 to 50 percent more than traditional coverage, but if you can afford it, it’s definitely worth considering when shopping for the best term life insurance for your family.

But if this type of life insurance coverage interests you, hurry fast! So far this year, several top-rated life insurance companies have raised their rates and some companies have discontinued their ROP policies altogether.

The window may soon close forever, so lock in low rates while you still can now!

For more information on ROP term life insurance and how to apply, contact AccuQuote today. Our licensed life insurance agents will provide free life insurance quotes and answer all of your questions.