The Return of Premium Death Benefit is a feature in some life insurance policies that allows you to receive a refund of the premiums paid if you outlive the policy term. This means that if you don’t pass away during the coverage period, you can get back the total amount you’ve paid in premiums. Knowing about this option can provide extra peace of mind, as it ensures that your investment in the policy is not lost.
This feature is particularly appealing to those who want the security of life insurance but also want to make sure their money is returned if they don’t need it.