For example, a 40-year-old male in a standard, non-nicotine class who purchases $500,000 in coverage for 20 years could have a term premium of $755 per year. An ROP policy would be $2,945. That's a $2,200 difference per year.But the policyholder would receive $58,900 at the end of the 20 years according to ING U.S. Insurance Solutions' figures.
3 Insurance Policies That Could Help Pay For Retirement
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