Return of Premium Term Life Insurance

Return of premium term life insurance is the only type of term life insurance in which you get a refund of your paid premiums if you do not die during the term. As with a traditional term life insurance policy, the premiums you pay are guaranteed to stay level for the entire term of your policy. However, the premiums for a return of premium (ROP) term policy compared to a regular term policy are much higher due to the refund feature.