Protection and cash back with the Return of Premium rider
Simple Term with Vitality is one of the only instant-decision life insurance products to offer coverage up to $500,000. With the optional ROP rider 3 , it offers clients the opportunity to earn cash value throughout the life of their policy — of up to 75% of premiums paid. Available on 25- and 30-year term durations, the ROP rider's cash value will grow from policy year four until the end of the level-term period, where it will provide up to 75% cash back of total premiums paid. And even if clients exit their policy before the end of the level-term period, they will still be eligible to receive a cash-back benefit.
How ROP works
Your clients choose a term duration of either 25 or 30 years (with the ROP rider), and pay a level premium throughout the entire term period
The policy earns cash value throughout the policy lifecycle, based on the premiums paid
The policy's death benefit passes to the client's beneficiaries , generally income- tax free 4
At the end of the term period, up to 75% of premiums will be returned
Clients who exit their policy before the end of the level-term period will still be eligible to receive a cash- back benefit
Simple Term with Vitality
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