The Returned Premium Term is a Term Life Insurance Policy that has an added Return of Premium Rider. This rider provides that if the policy is terminated (for reasons other than death) at the end of the initial term period, a payment equal to a sum of all premiums paid for the policy will be refunded to the insured. If you surrender the policy before the sixth policy year, no refund is payable. For years six and beyond, a percentage of the total premium is refundable.