Looking for life insurance that doesn’t just protect your loved ones but also pays you back? Cash-back life insurance—also known as return of premium (ROP) policies—refunds your premiums if you outlive the term. It’s ideal for those who want protection and guaranteed savings.
Here are 10 top policies offering valuable cash-back benefits in 2025:
🔟 Best Cash-Back Life Insurance Policies
- State Farm Return of Premium Term Life
- 20- or 30-year terms
- 100% premium refund if no claim is made
- Strong financial stability rating
- Mutual of Omaha Term Life Express with ROP Rider
- Easy approval, no medical exam
- ROP option available
- Great for younger applicants
- Prudential Custom Term with ROP Rider
- Custom term lengths
- Option to convert to permanent life insurance
- ROP available as a rider
- AAA Life Return of Premium Life
- Fixed premiums
- 100% refund if the policy term is completed
- Available to AAA members and non-members
- AIG Select-a-Term with ROP Rider
- Flexible terms (10–35 years)
- ROP as an optional rider
- Nationwide availability
- Banner Life OPTerm with ROP Option
- Strong underwriting
- Refund of premium option on select plans
- Competitive rates
- Globe Life Term Life with Money-Back Option
- No medical exam
- Smaller coverage amounts
- Refund if policy runs its full term
- Pacific Life Term Life with ROP Rider
- Highly rated for customer satisfaction
- Offers both term and permanent options with ROP
- Strong online policy management tools
- Symetra Return of Premium Term Life
- 15, 20, or 30-year terms
- Cash-back guaranteed at the end of term
- May include living benefits
- Assurity Life Return of Premium Term
- Great for individuals with average or better health
- Competitive pricing for ROP policies
- Includes terminal illness benefit
🧠 Is It Worth It?
Cash-back life insurance costs more than standard term life—but the guaranteed return makes it attractive if you:
- Want a forced savings plan
- Expect to outlive the policy
- Prefer peace of mind with zero-loss potential
✅ Final Tip:
Always compare policy terms, fees, and company ratings before choosing. A licensed insurance agent can help tailor the right mix of protection and value.
Want help comparing quotes or understanding riders? I can help you with that too.