Return of Premium is a refund.
Return of premium term life is a kind of term life insurance that refunds your paid premiums upon maturity of the term.

What is Return of Premium Term Life Insurance?

If term life insurance is like paying rent or fee for service, return of premium term (ROP term) is like getting your payments back. It’s that simple. Only a handful of life insurers in the market offer this coverage. The only downside is that you are going to pay higher premium for the right to receive a refund. The upside is that you would lose nothing at the end of the term.

How much does Return of Premium term cost?

Click here for a sample PDF illustration of ROP term life insurance.


Return of Premium Term Rates

Coverage Amount:$500,000
at Preferred Risk
Length of Term: 30
Return of Premium
Return of Premium
All rates are subject to age and state availability. Subject to underwriting.

As you can see the cost involved in buying a ROP term life insurance is definitely higher than the the traditional term life. So, is it worth it? I think it depends upon your affordability, risk tolerance and individual tax-bracket.

Get real-time Quotes for Life Insurance

Go to and choose the kind of life insurance plan you are looking for. Return of Premium Term plans have ROP in the end.

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