Agent, Rural Mutual Insurance Co., Union Grove, WI
Return of premium life insurance has it's place just like the other types of life insurance available out there. It does tend to be more pricey than other types of life insurance policy types out there. For a person that can afford to purchase a ROP policy in addition to a whole life policy could potentially benefit greatly from this type of policy. Contact a local agent to discuss the benefits and restrictions of the different types of life insurance policies out there.
Social Media Director, Ash Brokerage Corporation, Fort Wayne, IN
I will echo David's comments too. ROP (Return of Premium) definitely has its place, but the cost is generally a bit more than other policies. Depending on the type of planning you are doing, there could potentially be different options to consider. If you're looking at more involved riders/policies, I would stretch past an insurance 'agent' and find someone who is an actual advisor or planner. They typically have more dynamic resources to call upon to help give you a more customized answer. Great question!
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Sheryl Brown / @AshBrokerage