Unfortunately many people think about the need for life insurance well after it is too late and they have already been diagnosed with a medical condition. So, for a senior couple it is important to lock in a permanent life insurance policy that will be there for your entire life before your health deteriorates. Term is inexpensive but it is designed to last only for a specific period in your life.
ROP - Return Of Premium Term Insurance That Pays A Benefit to The Insured For Living
Return of Premium Insurance (ROP) is just as it sounds. The ROP is a rider attached to a basic term insurance policy that provides a living benefit to the insured. This means that should you outlive your policy term and keep it in force to the end of the level term period, you can receive all of your premiums back in a tax-free lump sum
Mortgage Protection is a specialty type of life insurance usually offered to consumers who have recently purchased or refinanced a home mortgage, generally within the last 12-18 months typically without a medical exam.
