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  • Licensed in California · LIC# 0M10241
  • Local offices in Salinas and Downey
  • Options from several insurance carriers

We work with carriers like

  • National Life Group
  • Midland National
  • Athene
  • F&G Annuities & Life
  • Mutual of Omaha

Many families are unaware of the benefits of Return of Premium (ROP) term life insurance.

This unique policy not only provides life insurance protection but also refunds all paid premiums if the insured survives the term period. It’s like a safety net that ensures your premiums are never wasted.

The Hidden Risks of Regular Term Life Insurance

With regular term life insurance, you lock in a level rate for a specific period—10, 20, or 30 years. If you outlive the policy term, you get nothing back, and renewing the policy can be expensive. This leaves many families feeling like they’ve thrown money away if the policy isn’t used.

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Introducing Return of Premium Term Life Insurance.

This policy not only provides a guaranteed death benefit but also returns 100% of your premiums if you outlive the policy term. It’s a smart,

cost-effective solution that ensures your money isn’t wasted.

Who Should Get ROP Life Insurance?

Forced Savings Option

ROP policies act like a forced savings plan if your premiums are returned.

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Early Refunds

Premiums can be refunded in as little as 10 years, depending on the length of the policy term.

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Tax-Free Refunds

Refunded premiums are not taxable.

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Cost-Effective

May cost less than whole life insurance and other types of permanent life insurance.

Higher Premiums

ROP policies generally have higher premiums compared to regular term life insurance.

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Commitment Required

You need to maintain the policy for the entire term to receive the premium refund.

What happens after you reach out

  1. Tell us about you

    Share your name, contact details and what you'd like to protect. It takes about a minute.

  2. Talk with a licensed agent

    An agent reaches out to learn your goals and budget and answer your questions.

  3. Compare and decide

    Review options side by side and choose what fits, at your own pace.

What clients say about working with CPIS

  • “It was a pleasure working with Jose and Clara. … I'm so glad that I reached out to them for help. They educated me about life insurance and I'm very grateful.”
    Daniel M.Google review · May 2026
  • “They really take the time to educate and care for their clients, not just sell services. From life insurance and annuities to living trusts and brokerage services, they offer everything in one place and make the process feel simple and trustworthy.”
    Vanessa R.Google review · May 2026

Read all reviews on Google

Choose a term length that suits your needs, secure affordable premiums, and rest easy knowing your investment is protected.

If you outlive the term, you receive your premiums back, tax-free. Some companies even allow you to integrate ROP coverage into an existing policy with a return of premium rider. Secure Your Family’s Future Today!

Frequently Asked Questions

Can you borrow from a return of a premium life insurance policy?

A return of premium policy returns your payments if you outlive the term, reducing the risk of life insurance. However, in most cases, you might be better off investing that extra money in a savings or investment account, where it can grow over time.

How does return of premium annuity work?

A return of premium rider is a low-risk addition to your annuity plan. It guarantees your beneficiary will receive payments if you die before the plan's term ends. This rider can also be a good alternative to a life insurance policy.

What does return of premium mean on long-term care insurance?

Return of premium insurance builds cash value that you can borrow against during the level premium period. You can extend your coverage beyond this period on an annually renewable basis until age 95. Premiums will increase each year but will never exceed the maximum stated in the policy.

What insurance is used for return of premium?

Return of Premium (ROP) insurance is a term life policy that provides a death benefit to your beneficiaries if you die during the term. If you outlive the policy, it refunds the premiums you paid.

More questions people ask

Is return of premium life insurance worth it?

It can suit people who want term coverage and like knowing their premiums come back if they outlive the term. Premiums are higher than regular term, so compare the refund with what you could earn by buying regular term and saving the difference.

What is the catch with return of premium life insurance?

You only get the full refund if you keep the policy for the entire term. Canceling early usually returns little or nothing, and the refund doesn't include interest. Premiums also cost more than a standard term policy.

Do you get money back from a regular term life policy?

No. A standard term policy pays only if you pass away during the term. Getting your premiums back requires a return of premium policy or rider.

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