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Return of premium life insurance
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Return of premium life insurance : ウィキペディア英語版
Return of premium life insurance

Return of premium life insurance is a brand name〔So far, this "brand" has not been registered in the USPTO.〕 for a type of term life insurance policy that returns the premiums paid for coverage if the insured party survives the policy's term. For example, a $1,000,000 policy bought for $10,000 a year over a 30 year period would result in $300,000 being refunded to the surviving policyholder at the end of the 30 years.
==Tax implications==
"Return of premium" is a perhaps intentional renaming/misnaming of the Internal Revenue Code provision for non-taxation of "return of principal", as returns of principal are not taxed, because these were your principal in the first place.
On one's 1040 for the tax year in which a "return of premium"/"return of principal" occurred, the amount on the 1099 would be shown on a line item basis as an income and again as a deduction, stating "ROP" or "Return of principal" on the itemized deduction, for a net income of zero.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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