But we're missing the flexibility and asset class piece. If I want cash from the WL policy I can get it w/o leaving the policy. It's a great fixed asset where I can park additional money. Can't do these things with term. All ROP does is lessen the net cost vis-a-vis opportunity cost the LEAP people tend to go crazy about. It's not an alternative to whole life insurance, it doesn't even compare. It's still term insurance, a temporary solution with very limited flexibility. All you did by adding a return of premium option to it was add one extra feature. I don't think there's any debate to be had over wl or ROP term, they serve different purposes. But I would think the term pushers (especially the BTID guys) would hate ROP more than anyone.
It's a strange product and I don't see much practical application for it.
It's a strange product and I don't see much practical application for it.