July 8, 2024
Return of Premium (ROP) is a Win-Win!
Katie M. Jenkins
President & Chairperson
Illinois Mutual
Return of Premium options from Illinois Mutual allow you to have insurance protection if you need it, and cash back if you don’t!
Let’s be honest: With most insurance options, you pay for protection in case something unexpected happens, like a car accident. You try to be prepared, but if you (thankfully!) don’t end up using the insurance, you may find yourself questioning the value of your important purchase.
An ROP rider* on disability income insurance (DI) allows for 100% return of premiums paid, minus any benefits already received, when the insured reaches ages 65 to 67. Once premiums are refunded, the policy will end and cannot be reinstated.
With an ROP term life insurance policy, if you outlive the initial policy period, all eligible premiums will be returned to you. Premiums paid for riders, rated policies, policy fees and modal administrative fees are not eligible for return.
Take advantage of this opportunity to learn more about money-back insurance! Ask your agent about purchasing Return of Premium term life or DI today.
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Current policyowners can log in to or sign up for My Policy to find their agent.
If you do not have an agent, request one today!
*DI Return of Premium rider available at an additional cost.
Policy Form DI105, Disability Income Policy; Policy Form 9266, Return of Premium Rider
ROP DI Rider not available in AK, CA, CT, DC, HI, MA, NM, NY or VT. Coverage and availability may vary in other states.
Policy Form LT17, Term Life Insurance; Policy Form LRPT17, Endowment Benefit Endorsement; Policy Form LRPT17SA, Endowment Benefit Endorsement
ROP Term Life Policy not available in AK, DC, HI, MT or NY. Coverage and availability vary in other states
For costs and details of coverage, limitations, exclusions and terms, contact your agent or Illinois Mutual. If any discrepancies exist between this communication and the policy, the terms of the policy will prevail.
Illinois Mutual, its agents and representatives may not give legal or tax advice. An accountant or attorney should be consulted regarding individual circumstances.