Return of Premium

A return of premium benefit is a Long-Term Care Insurance rider. This option returns some or all paid premiums to a beneficiary after the policyholder passes away. 

The total amount of premiums paid minus the total amount of money spent on claims (if there were any) equals the return of premium benefit paid to beneficiaries. 

Specific calculation strategies may depend on the company or policy language. It's important to look over your policy and speak with a Long-Term Care Insurance specialist for any questions regarding your benefits.