How Does ROP Life Insurance Work? 
ROP life insurance works by providing life coverage for a certain number of years , then returning the premiums paid in if death has not occurred by the time the term ends . The ROP stands for `` Return of Premium '' . These policies start out at a higher price than regular Term , and unlike regular Term , the longer terms usually have lower premiums than those policies with shorter terms . Most will return part of the premiums if the policy is kept at least half of the term , then the amount you would receive increases each year . If you keep the policy for the full term , 100 % of the premium is usually refunded -LRB- usually , minus the cost of table ratings , flat extras , and riders -RRB- . 