Los Angeles, CA, Feb. 12, 2014 (GLOBE NEWSWIRE) --
Los Angeles insurance agent at Sofi Insurance Services
offers a wide range of insurance products and explains how return of
premium life insurance plans can help individuals and families
better plan for their futures. Life insurance can be one of the
most important purchases a person makes. Life insurance products
offer essential financial protection after the death of the covered
person and ensure that the beneficiaries are able to continue to
enjoy a financially secure lifestyle. A wide range of products are
available, including standard term life insurance, mortgage life
insurance, whole life insurance and
universal life insurance.
Sofi Insurance Services'
Los Angeles life insurance broker works with clients to help
them identify their personal needs, their families' needs and their
financial goals and provide them with products that meet their
needs. Return of premium, or ROP, insurance is one type of term
life insurance that offers flexibility, protection and convenience.
This type of policy can be purchased for a specific term, and, just
like with other term policies, if the covered individual dies
during the term of the policy, the full benefit will be paid to the
beneficiaries. However, if the covered individual outlives the
policy, all the premium money that was paid into the policy will be
paid back to the policy owner in the form of a non-taxable refund.
Visit http://www.return-of-premium-life-insurance.com
for more information about these plans.
ROP policies can be great choices for those who are confident that
they will outlive their chosen policy, and are unwilling to pay for
a product they hope to never use and who want greater control over
their coverage options. As with any insurance product, there are
pros and cons to ROP policies. ROP policies allow people to buy the
policy that best meets their needs and can be great for short-term
coverage needs. However, the premiums can be more costly than other
types of coverage, and the refund may not be available to those who
cancel their policies before the end of the term.
Sofi Insurance Services offer extensive support for those who are
searching for insurance. They can provide individuals and families
with easy-to-use, side-by-side comparison tools, quotes and simple
application processes that help them find and buy the best coverage
for their needs.
Press Release by http://www.avitalweb.com