ROP Term Life makes the policyholder able to get the insured amount if they outlive the period. Hence, if one has a 30-year plan and is still living after that period, the insurer will pay back the 100% amount of his premiums. In case, the insured person cancels the plan before it expires, they are still eligible to get a portion of the amount paid for premiums. Such types of plans cost little more expensive than the basic term life, but it guarantees the money back if no death benefit is paid.
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