Another name for a straight term policy is renewable return-of-premium term policy.

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A straight term policy and a renewable return-of-premium term policy are two different types of life insurance policies. A straight term policy provides coverage for a specified period of time (usually 10-30 years) and does not accumulate cash value over time. A renewable return-of-premium term policy, on the other hand, allows the policyholder to renew their coverage at the end of each term and receive a refund of the premiums paid if they do not make a claim. These policies tend to have higher premiums than straight term policies because of the added benefit of the premium refund.

Another Name for a Straight Term Policy Is Renewable Return-Of-Premium