Tag: ROP Term Insurance

Step-by-Step Guide to Understanding How Life Insurance Tables And Table Ratings Affect Your Cost

Updated: May 31, 2023 at 7:52 am

We aren’t talking about kitchen tables. In your search for affordable life insurance, you may have heard of the terms “life insurance tables” or “table rating”.

Or, maybe you applied for life insurance, and the life insurance company offered a “table rating”. You probably have no idea what this means.

Yeah, John. I am confused. They want to charge me a higher premium!

No problem. In this article, we discuss the importance of understanding life insurance tables and table ratings (hint: it saves you money!).

Continue reading Step-by-Step Guide to Understanding How Life Insurance Tables And Table Ratings Affect Your Cost

Understanding Return of Premium Life Insurance Pros and Cons

Updated: March 18, 2020 at 10:09 pm

Black woman setting up a table with pros and consYou met with an insurance agent about term life insurance. After a discussion about the benefits of term insurance, the agent says to you:

“Did you know only 3% of term policies* actually pay out?”

“No”, you respond. “Why is that?” A good question.

“Because many people survive the term. That is why term life is so inexpensive. Chances are, you will survive the term and spend money as though you were throwing money down the toilet**.”

You don’t like the sound of that. The agent sees your discomfort and asks, “Would you like to learn a type of life insurance policy that will return your premiums back to you at the end of the term?”

“Yes!”, you exclaim.

Our response if we were with you: hold up. Stop. You need to understand the pros and cons of return of premium life insurance before you go any further.

After reading this article, you may want to simply put your money in that boring term life policy. Continue reading Understanding Return of Premium Life Insurance Pros and Cons