Know Your Insurance…..

Term

is a type of life insurance policy that provides coverage for a certain period of time, such as 30 years. If the insured dies during the time period specified in a term policy and the policy is active, then a death benefit will be paid.

ROP (cash back)

is usually a type of term life insurance. You lock in a rate for the level term period, such as 10, 20 or 30 years. But unlike traditional term life, if you outlive an ROP policy the insurer will refund the premiums you paid.

Permanant

is a type of life insurance that:

  • Lasts for your lifetime, as long as premiums are paid.

  • Includes a death benefit that pays out when you die.

  • Often has a cash value component that functions like a savings or investment account.

  • Differs from term life insurance, which only provides coverage for a specific period.

On A Scale From 1-10, How Important Is Protecting Your Family?

– Agent Hayes NPN 20494137