Fundamentos del Seguro de VidaPregunta 394 de 716
Return-of-premium (ROP) term insurance is distinguished from ordinary term because it:
a.Provides no death benefit during the level term period
b.Pays double the face amount whenever the insured dies
c.Refunds the premiums paid if the insured survives the level term period
d.Builds guaranteed cash value in the same way whole life does throughout the entire level term period
Explicación
Return-of-premium term is level term that refunds the premiums paid if the insured is still living at the end of the term; in exchange, it charges a higher premium than plain term. It does not double the death benefit, does not build cash value like whole life (its refund is a contractual feature, not accumulating cash value), and it does provide a death benefit throughout the term. The survival refund is the single feature that sets ROP term apart.
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)