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The Return of Premium rider
Simple Term with Vitality Highlights
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 also gives clients the opportunity to earn cash value throughout the life of their policy — up to 100% of premiums paid. Available on 25- and 30-year term durations, the ROP rider's cash value will grow until the end of the level-term period, providing up to 100% cash back of total premiums paid. And if clients exit their policy before the end of the level-term period, they will still be eligible to receive a cash-back benefit.
The Return of Premium rider
John Hancock Vitality PLUS
Get rewarded with Vitality
How the ROP rider works
Case study with Vitality PLUS
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 life cycle, based on the premiums paid
The policy's death benefit passes to the clients' beneficiary(ies) , generally income-tax free 5
At the end of the term period, up to 100% of premiums will be returned
Clients who exit their policy before the end of the level- term period will receive a percentage of premiums that will increase gradually over the term duration to a maximum of 100%
Specifications
Frequently Asked Questions
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