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Return of Premium Life Insurance

Return of Premium (ROP) life insurance policies allow you many options you won’t find with traditional term life insurance policies. Although term life insurance is considered the lowest cost life insurance, many consumers are not comfortable spending the money because they could outlive the coverage. With a ROP life insurance policy, you can provide solid life insurance protection for your family with a guaranteed death benefit that gives you something tangible back – the return of all eligible premiums paid – when the level term period is up.

Key benefits
Why is this important?

Guaranteed premium

Affordable guaranteed level premiums for 20 or 30 years allow you to budget the cost of ROP life insurance protection without worry of a premium increase.

Builds cash value

Accumulates valuable cash values for future cash needs such as helping fund a child’s college education, paying off your mortgage early, funding a business opportunity or supplementing retirement income.

Tax advantages

Life insurance death proceeds are paid out income-tax free and the ROP policy’s return of premium benefit is paid out income-tax free, an important feature when you consider how taxation can have an adverse effect on your savings growth potential.

Favorable loan feature

The ability to access the ROP policy’s cash value, tax-free, through policy loans allows you to use the cash values to help pay premiums or any unexpected expenses that may arise. (Loan balances will reduce the cash value and death benefit.)

Conversion options

Should future circumstances require a more permanent life insurance need, the ROP insurance may be converted to a permanent life insurance policy, guaranteed, without proof of insurability.

Non-forfeiture provisions

The ROP policy provides other choices in lieu of the return of premium cash benefit. ROP policy non-forfeiture provisions allow you to continue life insurance coverage without any further premium outlay required.


The option to design the ROP policy that reflects your particular needs and situation.

How does Return of Premium life insurance work?

We offer two ROP life insurance options; a 20- and a 30-year plan. Both policies provide valuable death benefit protection and a full return of eligible premium benefit at the end of 20 or 30 years. ROP non-forfeiture provisions allow you to continue life insurance coverage without further premium outlay.

A ROP life insurance policy builds cash value that can be accessed:

  • For personal cash needs

  • To pay premiums

  • To help fund policy conversion

  • To extend life insurance protection beyond the 20- or 30-year term period

Kansas City Life Insurance Company also has many policy riders available that would allow you to design a life insurance policy that fits your particular needs and budget. For more information, please contact a licensed Kansas City Life Insurance Company agent near you.

Cashback Life series may not be available in all states and not all states may have the same version.