Net-Cost of your insurance zero,” said Pally Grewal an independent Life Agent.On a typical 20 or 30-year term life insurance policy, the Return of Premium (ROP) feature could cost between 10%-30% more, but that extra premium could effectively earn you between a 6%-11% yearly return over the length of your term, which could mean thousands of dollars in Tax-Free refunds.Carriers spend a great deal of money to earn your business, and only start making a profit if you stick around more than 5 years.

OP guarantees that most customers will stay for the full term.”If you know that you are going to be insured for the long haul, then the Return of Premium Term policy is perfect in terms of affordability and value,” Haroutiounian said.

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