What Does ROP Mean In Life Insurance? 
ROP stands for Return of Premium in life insurance . It generally refers to term life insurance where you get back all the premiums you paid in if you keep the policy until the end of the term . After about half the term has passed , a portion of the premiums may be returned if the policy is dropped early . ROP policies usually cost substantially more than regular term policies . Unlike regular term , longer terms in ROP term usually cost less than the shorter terms , because the insurance company is able to hold onto the premiums longer before returning them . 