Can I buy term life insurance with return of premium?

Yes, you can purchase a term life policy that returns your premium if you outlive the policy term.

However, these plans charge a premium that is 2-3 times more than regular term life policies.

It may be an option to consider purchasing regular term life and investing the difference you would save by not paying the higher premiums for a return of premium term life insurance policy.

Learn more about term life with ROP.

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 ...