Can there be return of premium?

Can there be return of premium?

A return of premium rider provides for a refund of the premiums paid on a term life insurance policy if the policyholder doesn’t die during the stated term. This effectively reduces the policyholder’s net cost to zero. A policy with a return of premium provision is also referred to as return of premium life insurance.

See also  Is it better to pay car insurance monthly or every 6 months?