Some of you may have noticed that a Return of Premium section was added to our Premiums and Coverages list this morning.
Every time we have asked about how we could improve our products, people have asked about a savings component, or a way to get some of their money back in case they don’t use the insurance.
To address these needs, we are restructuring our policies as options contracts. Essentially, you would still pay monthly premiums, but when your child turns 18, you will have a choice between the benefits of a Studious Insurance Policy or a lump sum payment equal to the Return of Premium for your policy!