ROP Life Insurance

What is ROP Life Insurance?
ROP stands for Return of Premium. If you have a term policy with a ROP rider, you will receive a refund of all premiums paid if you outlive your term policy.

What’s the benefit of ROP?
You get a refund of your money and is completely tax-free since it isn’t income, but simply a refund.

Are there any downsides to ROP life insurance?
Owners of ROP policies typically pay higher premiums for the benefit of getting their money back if they outlive the term policy.

Want to know more or get a free quote? Email us at life@gasparinsurance!