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If you're concerned about paying premiums on a product that does not guarantee a return, then the return-of-premium rider might be perfect for you. Many Mortgage Protection Insurance Companies offer this rider, which offers a full return of all premiums paid on your insurance policy if your death does not occur during the term of the policy. When you take advantage of this rider, you pay an extra premium each month, which guarantees that your base premium (as well as the extra paid for the rider) will be returned to you.
In order to exercise the rider offered by certain Mortgage Protection Insurance Companies, you must not allow the policy to lapse at any point. In addition, your death must not occur during the term of the policy because once death benefits are paid, this payment nulls the return of premium rider. Lastly, it's important to remember that there is no interest paid on the premiums that are returned to you.