Return of premium rider

Life insurance terminology shouldn't be confusing. Here is the definition of return of premium rider.

Return of premium rider

A policy add-on that returns the premiums paid if the insured outlives the term of the policy.

For example: If a 10-year term life policy is purchased for $50 per month, and the insured outlives that time period, with this rider, the policyholder would have up to $6000 in premium returned. The cost of this add-on is not returned to the policyholder.