Level Term Life means both the death benefit and premium are guaranteed to remain level for the entire term. With a level term policy, you can cancel at any time without penalty and the insurance company cannot cancel the policy as long as you pay the premium. When the term ends, coverage either stops or can be continued at increased premiums.

Return of Premium Term Life (ROP) is a new product that offers a return of your premiums paid.* Premiums are returned at the end of the level period selected (for example 15, 20, or 30 years) provided your policy is still in force. The amount returned is equal to the sum of the premiums paid for the base plan of insurance and does not include any premiums paid for riders and/or sub-standard premiums.

* After the initial premium guarantee period of 15, 20 or 30 years, you can continue your policy at annually increasing rates until age 95. You are not required to keep the policy for any amount of time. If you cancel your policy before the end of the initial premium guarantee period, you may still receive a portion of your premium back (number of years a policy would have to be in force varies by carrier). If you keep the plan for the entire initial premium guarantee period of either 15, 20 or 30 years, you will get all of your money back, except for premiums for riders and/or sub-standard premiums. (Refund specifics may vary by insurer and underwriting class.)