Return of Premium

Business Expense Insurance

Return of Premium

Business Expense Insurance

Illinois Mutual has returned over $218 million to policyowners with return of premium since 1972!

As of 6/30/24

Here's how the Return of Premium Rider can work:

With ROP

Without ROP

Total Monthly Premium
(for $1,500/month in Monthly Benefits)

$43.02

$30.73

Total Return of Premium at Age 67
(assuming no claim(s) paid)

 

$16,520.32

$0.00

Mike1, a 35-year-old non-tobacco user, is interested in a business expense policy, but is reluctant to pay for something he may not use. He’s looking for a 30-day elimination period with a 24-month benefit period.

circular photo of two small business owners looking at clipboard

Paying an additional $12.29 per month for the Return of Premium Rider gives Mike the opportunity to receive a Return of Premium of $16,520.32 at age 67.

If Mike received benefits under his policy over the years, the Return of Premium amount would be less.

Plus, premiums are generally tax deductible as a business expense, too!2