Term

Term Insurance is insurance that only covers someone for a specified period.  10, 15, 20, 25, or 30 years.  Most term policies guarantee the insureds level of insurability. If the insured has the conversion privilege and something happens during the term of the policy, the insured has the option to convert their term coverage at their current age and previous health condition.

Return of Premium Term (ROP)

A  return of premium term policy costs a little more than term insurance but if the insured does not pass away, then they will get back a portion or all of the money they paid in! This is tax free growth and a strategic way to save.