No Exam Term Life Insurance

» No medical exam
» Just answer a few health questions
» Same day coverage if approved
» No Blood Draw - No Needle Stick
» 10, 15, 20, or 30 year term insurance.
» Get coverage online, or by phone

Testamonials

"I highly recommend National Insurance Services. Doug Jones has been our agent for more than 15 years. He is very thorough in finding and presenting different options for our group insurance in St Lucie County as well as making sure all of our employees understand their insurance options. He goes above and beyond any other insurance agent I have ever dealt with."
Randi McManus, Comptroller - Jackson Drugs, Inc. Ft Pierce FL

"I would gladly recommend National Insurance Services to any business who might be interested in buying group health benefits for their employees. Doug Jones has personally handled our account for more than 18 years and is very responsive to our needs."
Terri Clarke, H.R. Manager - GiftRAP Corp. Palm City, FL

Learn more about Florida Life Insurance and all the different types, including term life, whole life, and life insurance with no medical exam.

» Life Insurance Basics

Term Life Insurance with Return of Premium

Term Life Insurance with return of premium is a new type of term life insurance plan thats been around now for about 15 or more years. It is was designed in order to overcome one of the chief complaints with traditional term life insurance. That is people felt their premium dollars were wasted if they did not die during the term of their insurance. Term life insurance with a return of premium bridges that gap and could be considered a type of hybrid, a cross between traditional term life and whole life.

What is Return Of Premium or ROP

Return-Of-Premium Term or (ROP Term) in a nutshell is a term life insurance policy that has a feature built into the policy that guarantees to return all or a prorated portion of your premiums after you have had the policy for a certain number of years. An example would be if you purchased a 20 year level term policy with the return of premium feature. After 10 years of premium payments if you decide you no longer needed the protection you could turn the life insurance policy in and get approximately 50% of your premiums back in the form of a refund. However if you kept the policy for the full 20 years you would receive a 100% refund of all the premiums paid. Some people feel that the slightly higher premium that they would have to pay for the return of premium feature is justified because they feel their money is not wasted.

Hypothetical: Lets look at a female age 35 and in excellent health: A traditonal 250,000 term life policy for 20 years would cost approximately $150 per year. In 20 years she would have paid in $3000. There would be no cash value and no refund. The same policy with return of premium would cost $645 per year for 20 years. At the end of the 20 years she would receive a check for $12,900 tax free which represents 100% of all the premiums paid.