A Return Of Premium Life Insurance Policy Is at Life

A Return Of Premium Life Insurance Policy Is. Increasing term insurance policy that pays an additonal death benefit to the beneficiary equal to the amount of the premiums paid. Affordable, flexible term life insurance at your pace.

Term life insurance usually provides a cash payment (known as a death benefit) if you die within the specific time period that your policy premium (payment) covers—say 10, 15, 20, or 30 years. A return of premium life insurance policy is a form of term coverage that agrees to refund all the premiums you pay if you outlive the policy. Return of premium (rop) term life policies give you back some or all the premiums you paid if you outlive your policy, this tends to be more expensive so you have to weigh the pros and cons.

Affordable, flexible term life insurance at your pace. Return of premium life insurance is a type of term life insurance that offers a refund of premiums paid. And if you outlive the level premium. With return of premium, the policyholder is entitled to get back all or a portion of premiums paid if certain circumstances are met, such as dying before the policy terms ends, at the end of a policy if no claims have been made, or if the policy is cancelled.