Mortgage Protection With Return of Premium
Learn about mortgage-protection term life insurance plans that may include a contractual return-of-premium feature.
Speak directly with William Noel, Licensed Oklahoma Insurance Agent.
Available plan features may include
- Term life insurance for mortgage-protection planning
- Living Benefits for qualifying terminal, chronic, and critical illness
- No traditional medical exam
- Return-of-premium options on qualifying plans
No medical exam does not mean guaranteed acceptance. Eligibility and approval are subject to insurer underwriting. Benefits, riders, limitations, exclusions, premiums, and return-of-premium features vary by insurer and policy.
What return of premium means
Certain term policies may return qualifying premiums when contractual requirements are satisfied.
Not the same as cash value
Traditional term life insurance generally does not build cash value. Return of premium is a separate contractual feature.
Why homeowners consider it
Some homeowners want term life protection during their mortgage years and also want to explore what happens if they outlive the applicable term.
Living Benefits may also be available
Depending on the product, a policy may potentially include both qualifying Living Benefits and return of premium.
Speak directly with a licensed Oklahoma insurance agent
William Noel
Call (866) 277-3900