Over the last 6 months, Ihave been training brokers across the U.S. regarding educating their clients, being a professional for them. It occurred to me that Ishould write a basic review of the most common decision families are making when it comes to Term Insurance.
As you may know, Term Insurance is the least expensive Life Insurance available. But did you know it is not necessarily the most cost effective Life Insurance? I will keep this simple and cut right to the guts here. Iam talking about ROP Term Life Insurance. (Return of Premium) Life Insurance. That's right, a return of your premium if you survive the term and the death benefit to your heirs (beneficiary) upon death.
When these options are shown to those looking at term life insurance, they end up looking at the blend between straight term and the return of premium. Their bottom line is at the end of the term, about 60% of premium returned.
It is definately worth a look. Ask your agent/broker today. Or call us at 303-425-4466 x225 ask for Matt or email at mattb@denverwestip.info.