Return of Premiums
Term Life Insurance

Return of Premium (ROP) term life insurance is a product that combines the advantages of traditional term life insurance with guaranteed level-premium periods (15, 20 or 30 years), with a return of premium feature. At the end of the level-premium period, 100% of the premiums paid will be returned to you if there is no death claim.

The insurance companies that offer this product charge a little more for it than for regular term insurance. During the level-premium period, the insurance company is able to invest portions of the premium for capital growth. As a result they are able to return your premiums to you at the end of the level-premium period if there is no death claim.