Return of Premium Life Insurance is a policy that allows you to pay a flat rate during the time of your term life coverage but won’t leave you empty-handed after its expiry date. Of course, this type of insurance is usually 30% more expensive than the traditional term coverage. If you can afford it throughout the duration and benefit from the built-in savings mechanism, then the Return of Premium Life Insurance is definitely for you. Later on, when it ends, you will get all your money back thanks to your faithful, consistent payments. However, few insurance providers offer Return of Premium Life Insurance coverage, so you should check with yours before getting a quote. If you terminate your policy before it ends, it depends on your insurance provider and their terms to pay you back parts of your premiums. In general, the longer you own your coverage (possibly outlive it), the higher chance you will receive your premiums.