A Return of Premium (ROP) rider is an add-on to a term life insurance policy that provides for a return of a portion of the premiums paid, less any benefits received and policy fees paid. The benefit is paid at the end of the initial term period, or upon termination of the policy for any reason other than death of the insured prior to the end of the initial term period.

ROP riders can be a good option for people who want to get the benefits of term life insurance, but also want the possibility of getting some of their premiums back if they outlive the term of the policy.

If you are considering a term life insurance policy, you may want to consider adding an ROP rider. To get your price for a ROP policy.