Using annuities as a legacy tool: The ROP feature
January 6, 2026 by Anna Baluch
Recently, Bandhan Life announced iRetire, a life annuity with a return of purchase price (ROP) feature that ensures lifetime income for the annuitant. Upon a policyowner’s passing, the original investment will be returned to their nominee or legal heir.
This type of product addresses the desire of those customers who want to provide their heirs with a financial legacy.
Originally Posted at InsuranceNewsNet on Jan 6, 2026 by Anna Baluch.
Categories: Industry Articles
