You buy insurance for a fixed number of years, but get nothing if you outlive the policy," Haroutiounian said. Pricier Whole Life Insurance includes pure insurance coverage, guaranteed renewable for your whole life, along with an investment component to build cash value. "While an unused traditional term policy can feel like a waste of money, a Whole Life policy can often cost three or four times as much for the same coverage," adds Haroutiounian."Unlike traditional Term Life Insurance, that holds no cash value and expires worthless after your term runs out, the Return of Premium Term policy refunds 100% of your premiums at term-end. It makes the Net-Cost of your insurance zero," said Pally Grewal an independent Life Agent.On a typical 20 or 30-year term life insurance policy, the Return of Premium (ROP) feature could cost between 10%-30% more, but that extra premium could effectively earn you between a 6%-11% yearly return over the length of your term, which could mean thousands of dollars in Tax-Free refunds.Carriers spend a great deal of money to earn your business, and only start making a profit if you stick around more than 5 years. ROP guarantees that most customers will stay for the full term."If you know that you are going to be insured for the long haul, then the Return of Premium Term policy is perfect in terms of affordability and value," Haroutiounian said.You can learn more about this innovative product and the carriers that offer it at www.realinsure.com or contact Valley Life Group at (888) 825-5393..