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Little Rock Office
1111 S. Bowman, Ste B-4
Little Rock, AR 72211
(501) 224-6666
(888) 214-3149
FAX (501) 224-0477

Conway Office
269 Hwy 65 North
Conway, AR 72032
(501) 327-4666
(888) 563-5656
FAX (501) 327-4684

Rogers Office
2894 W. Walnut Ave. Ste A
(479) 633-0505
(877) 633_0505
FAX (479) 633-9595

Sherwood Office
8210 Hwy 107 (JFK)
Sherwood, AR 72120
(501) 392-0300
(866) 861-8368
FAX (501) 392-0302

Click these links for more information about:

Term Life Insurance
Whole Life Insurance
Universal Life Insurance

An Alternative to Straight Term Life Insurance.

Return of Premium Term Life Insurance is attracting attention from many sectors of people. Remember how we contrasted term life insurance with cash value life insurance by equating them with renting or buying a home. ROP Term Life policies offer an alternative that would be like your landlord giving back all your rent money when you move out.

You should expect to pay a premium that costs 25% to 50% more than regular term life insurance. That extra premium is invested by the insurance company in order for them to earn enough money to give you your money back and still make a profit.

That extra cost may not be in your best interest. You certainly would not want to purchase less insurance than you need because of the higher premium.

ROP Term Life policies do not offer anything additional to your beneficiaries if you die. The return of premium occurs only if you live to the end of the policy term.

So, what's the benefit?

The premium money you receive at the end of the term is non-taxable. It's sort of like putting a part of your paycheck into a cookie jar for a period of time. At the end of the period you take the money out of the jar. You paid payroll taxes on the money before you put it in the jar. It did not earn any interest. You simply take out what you put in.

But, your life was insured the whole time you were paying into the ROP jar.

Sliding Scale.

Most ROP Term Life Insurance policies provide a return of premium on a sliding scale if you decide not to wait till the end of the term. Usually, during the first five years you own the policy you would get nothing back if you surrender it.

Let our trained staff help you with this important decision. Which is best for you: term life, ROP term life, whole life, universal life?.

How May We Help You?

The agents at McGhee Insurance Agency have been trained to help you get the best coverage at the best price for your personal situation. Contact one of our offices for a life insurance quotation or more information.

Little Rock Office: (501) 224-6666 or 1-888-214-3149
Sherwood Office: (501) 392-0300 or 1-888-861-8368
Conway Office: (501) 327-4666 or 1-888-563-5656

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