Return of Premium is a policy that returns your entire premium back to you if you’re still alive when the policy term is up or insurance coverage has ended.
A return-of-premium rider is usually much more expensive than just having the term insurance only. It’s a great benefit for individuals looking to outlive their term policy, and be healthy enough to purchase new insurance.
If the policy owner does not outlive term period, buying the traditional term coverage and investing the difference will provide the greatest return on capital. There are some companies that sell only this type of insurance policies branding the term “invest the rest”.