Sentences with phrase «recaptured upon the end»
Return of Premium (ROP) Rider DEFINITION: a life insurance rider attached to the policy that allows all premiums to be recaptured upon the end of the policy's term.
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Return of Premium Benefit Rider: Assuming you do not become disabled, this rider allows you to recapture your premiums upon cancellation or the end of the policy.
By doing this intelligently, the tax exempt partners can also greatly benefit due to the fact that this would dramatically reduce any back - end recapture to the tax exempt entity upon the sale of the asset, which dramatically improves their return position.