ROP Term Question.....

[BMC]

Does the typical ROP term policy have any return of premiums, if the policy is surrendered before the end of the term? Thanks for the help.

 

[aclaro]

Yes. Now it does. A few years ago they changed it so ROP must have a surrender schedules. If you come across older ROP policies they probably don't. Typically there will be zero value for the first 5 years and then grow from there.

 

[BMC]

Good information. Thank you.

 

[WinoBlues]

Does the typical ROP term policy have any return of premiums, if the policy is surrendered before the end of the term? Thanks for the help.

My experience has been different than aclaro's. I have seen several older ROPTerm plans with surrender values. Some could even be used to pay premiums similarly to an APL. Each company is different. Same if they offer RdPdUp options or not.

ROP is on somewhat of a sliding scale. Different for all companies. As stated the first few years ithe the ROP is zero. "Usually" it is in the 50 percent range at the last 5 year mark +-.

Lee

 

[BMC]

My experience has been different than aclaro's. I have seen several older ROPTerm plans with surrender values. Some could even be used to pay premiums similarly to an APL. Each company is different. Same for if they offer RdPdUp options.

ROP is on somewhat of a sliding scale. Different for all companies. As stated the first few years ithe the ROP is zero. "Usually" it is in the 50 percent range at the last 5 year mark +-.

Lee

Thanks, Lee. I appreciate it.

 

[regularAgent]

The ROP policy I know, return your money back when the period you select for a term end and you survive it.

 

[NewbieNewbie]

ART to the rescue then have him retake(refail in most cases) next year.

 

[Tahoe Ray]

ART to the rescue then have him retake(refail in most cases) next year.

Did you post this in the right thread?

 

[WinoBlues]

Did you post this in the right thread?

Ha, I just wanted to see which ART he was using.

 

[NewbieNewbie]

Wrong thread. Yes.