Matches in DBpedia 2014 for { ?s ?p Return of premium life insurance is 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."Return of premium" is a 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 "ROP" or "Return of principal".. }
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- Return_of_premium_life_insurance abstract "Return of premium life insurance is 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."Return of premium" is a 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 "ROP" or "Return of principal".".