What is insurance used for return of premium rider?

A return of premium (ROP) rider is an optional feature added to a life insurance policy that ensures the insured receives all the premiums paid back if they outlive the policy term. This rider is typically associated with term life insurance and enhances the policy's value by providing a financial safety net. If the policyholder passes away during the term, the beneficiaries still receive the death benefit. However, ROP riders generally come with higher premiums compared to standard term policies.