Tracy Johnson decided at an early age she wanted to become a lawyer. Her parents, Sandra and Ron, had begun saving for college when she was a baby – and had also purchased AG ROP Select-a-Term^® life insurance policies to make sure educational funds would be available if either of them died.

For the next 20 years, Sandra and Ron lived secure in the knowledge that, should anything happen to them, Tracy’s education could be paid for. Fortunately, they didn't need the death benefit, and when the 20-year level premium period on each of their policies ended, they chose to surrender their policies for a cash payment equal to the cumulative base premiums paid.¹

Thanks to AG ROP Select-a-Term, the Johnson family was able to enjoy 20 years of solid term life protection, followed by a return of premium that helped pay Tracy’s student loans.¹

The cases presented are not actual and are for illustrative purposes only.

¹ AG ROP Select-a-Term accumulates a cash value that starts no later than the fifth policy year. At the end of the level premium period, the cash value of the in-force policy equals the total of cumulative premiums paid, less any charges for substandard ratings and riders. If the client surrenders the policy, this amount is paid out, minus any outstanding loan balance. The cash surrender value payment does not take into account the time value of money. Alternatively, the same amount may be rolled into a permanent plan of insurance should the insured be eligible for and choose to exercise the conversion option. Coverage may also be continued beyond the level premium period by payment of increasing annual premiums, and the policy will continue to build cash value until the policy anniversary nearest the insured's 95th birthday when the cash value will equal the face amount of the policy. The cash value, minus any outstanding loan balance, will then be distributed as the endowment benefit if the policy is inforce and the insured is then living. The cash value and endowment benefit are subject to all terms and conditions detailed in the policy.