Return of premium life insurance gives you all the benefits of a traditional term life insurance policy, plus the additional benefit of having all of your cumulative premiums paid back to you at the end of the policy period.
Return of Premium Term (ROP Term) is very simple to understand. You pay a premium that is marginally higher than the level term life costs you normally would pay and if you do not die within the term, you get the premium returned in full.

Return of premium life insurance is also called cash back life insurance or money back life insurance. Both of these products literally mean the same thing, all premiums paid are returned to you at the end of the policy period.