Return of Premium

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Return of Premium Term Life Insurance — Pros and Cons

I am often asked my opinion of Return of Premium life insurance — ROP for short.  Like most products on the market, ROP can make sense for some and not for others.  When ROP products were first offered several years ago, I heard Clark Howard offer his opinion on the product and I was a little suprised by what he had to say.  He said that it was a good move for those people who are very diligent about paying their premiums on time and plan to keep the policy for the full term period.