Insurance Center

In addition to providing a benefit upon the death of the insured, a Cash Value Life insurance policy, which is a long term life insurance policy, also accumulates cash value over time. This cash can then be used to pay future premiums or it can serve as a form of savings.

The benefit of having a cash value life insurance policy is that you can borrow against your cash value or draw it out by surrendering your policy if you really need cash.

The best known cash value life insurance is whole life insurance, which covers you for your whole life with no change in your premium. Other cash value life insurance policies include universal life, variable life, and single-premium life insurance.

Return of Premium Life Insurance
A newer option instead of traditional term life and permanent life insurance is Return of Premium Life insurance (ROP). With Return of Premium Life insurance, clients receive a refund of their accumulated premiums at the end of the level premium period.

Return of Premium Life insurance is ideal for those interested in basic term protection but hesitate to invest in insurance they may not need, or permanent insurance they cannot afford. Return of Premium Life insurance addresses the primary objections of both basic term insurance as well as permanent life insurance.