What Are Term Return of Premium Plans?
Posted by amrina alshaikh on June 1st, 2018
As we know, term life insurance plans are the basic life insurance policies that offer only death benefits to the beneficiaries on the demise of the life insured. But what if someone wants a return on the premiums he/she has paid to the insurer? Well yes, he can get returns on term insurance. Surprised? Read further to know more.
Term Return of Premium plans are nothing but the normal term plans that additionally offer some survival benefits at the end of the policy tenure. If the life insured survives the tenure, the insurance company returns the amount of the number of total premiums paid by the policyholder.
Things to know about TROP
Things to keep in mind before opting for a TROP plan
By reading this article, you shall get an idea about Term Return of Premium plans and how they work. Choose the best TROP and ensure your family’s future is financially secure. With the help of term plan premium calculators, you can select TROP option and get your quote. Term plan premium calculator is the best tool nowadays that helps you choose the appropriate plan.
About the Authoramrina alshaikh
Joined: April 24th, 2018
Articles Posted: 147
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