What Is A Return Of Premium Life Insurance Policy? 
Return Of Premium is a rider that is attached to a term life insurance policy . lets say you have a 20 year term life policy you pay your premiums to continue coverage . at the end of this 20 years if you do not have a return of premium policy you have paid for 20 years of coverage . Now lets take that same 20 year policy and add the return of premium to it . Yes you will pay more in premiums but , in this case 20 years have past and you have outlived your policy your premium payments are then returned to you tax free ! so now you have basically had 20 years of coverage for free . Now you do have toconsider that there may be some fees throughout the policy that may effect the total amount of the return but these are usually small changes . 