What Is Life Insurance Return Of Premium? 
Term life insurance `` return of premium '' -LRB- ROP -RRB- policies will return all the premiums you paid in if you keep your policy until the term ends . There often is a point about halfway through the policy where the insurance company would return a percentage of premiums paid , if you dropped the policy at that time . This percentage gets higher until the end of the term . Premiums are higher for this type of policy , and if death occurred while the term policy was still in effect , the regular death benefit would be paid . The value to this type of policy is if you outlive the term . The return is tax free and can be a good choice for people who want to get something back from what they paid in . 