With an ROP life insurance policy, the premiums you paid for your life insurance coverage are returned to the you at the end of the term if the insurance policy has not paid out a claim.

So, if you buy a 10 year return of premium life insurance policy and you are alive after the ten years ends, you will get back your premiums paid.

The insurance premiums for ROP policies are higher than for other term life insurance plans. However, the insured is betting they will outlive the ...