Taylor Jones has a life insurance policy that returns every cent she pays in premiums if she outlives the term of the policy.She knows this policy costs 30 to 50 percent more than a traditional policy but thinks it is worth it.What type of term life insurance does Taylor have?

Question

Quizplus · Accepted Answer

Taylor Jones has a Return-of-Premium (ROP) term life insurance policy. This type of policy refunds the premiums paid if the insured person outlives the term of the policy, despite costing more than traditional term life insurance.

Taylor Jones Has a Life Insurance Policy That Returns Every