Term Insurance with Return of Premium?

What is term insurance with return of premiums?

Term insurance is a type of life insurance providing temporary coverage for up to 30 years.

A return of premium term insurance plan returns most of the premiums you paid for your policy, if you outlive the term of your coverage.

So, if you buy a 30 year ROP (return of premium) term life policy, and you are alive after the 30 year period, you'll get back most of the premiums you paid for your life insurance policy over the 30 years.

But, ROP term policies charge a higher premium each year than term life insurance that does not return your premiums.

So, you're betting that you'll outlive the term of your policy and get your money back; otherwise, you would buy the regular term life insurance and pay a lower premium each year for your coverage.

Top 10 Life Insurance Companies

What are the top 10 life insurance companies?

There are many ways to compare and rate life insurance companies including by size - total assets, total number of life insurance policyholders, financial strength rating, quality of customer service, total number of complaints, and customer approval rating, as well as, pricing and products.

Each year, the Insurance Information Institute releases a list of the life insurance companies that issued the most individual life insurance policies for the previous year. This list includes some of the most well-respected leaders in the life insurance industry, including Northwestern Mutual, Metlife and New York Life, among others.

Here's how you can compare a list of the Top 10 life insurance companies in America and their AM Best financial strength ratings, as well as, request free life insurance rate comparisons today.