Return of Premium (ROP) term products meet a whole array of key market needs for individuals during their working years. These needs include life event-related protection, such as needs associated with retirement and children.
The return of premium feature provides an attractive benefit, with an attractive financial return on the incremental ROP premium cost, at a guaranteed cost structure.
A whole host of riders often complement the term package. Riders include Critical Illness, Waiver of Premium, Accidental Death Benefit, Disability Income Protection, Unemployment Protection, and Long Term Care.
Certain ROP design structures are considerably more efficient than others. Effective design enables more predictable and faster development and introduction. Further, considerable care should be exercised with these products with respect to 7702 issues, as it is all too easy to develop products that inadvertently fall short of required compliance.
- PRODUCT PRICING. Complete pricing, with and without premium guarantees, with and without return of premium.
- POLICYHOLDER TAX CONSULTING. ASI specializes in core 7702 and related policyholder tax consulting issues, with special attention to products such as ROP Term and combination products where our experience and expertise are particularly extensive.
- FINANCIAL ANALYSIS. Stochastic and traditional (deterministic) modeling.
- CASH VALUE COMPLIANCE. Designs are structured and tested to assure they conform to Actuarial Guideline CCC.
- REINSURANCE DESIGN AND NEGOTIATION. All products. Our extensive industry contacts, coupled with our design expertise, may enable us to procure favorable life reinsurance.
- COMPETITIVE AND MARKETING ANALYSES FOR MAJOR MARKETS TURNKEY FILING SERVICES. ASI designs contract forms, actuarial memoranda, and addresses state objections.
