Should I consider a return of premium insurance policies as an option for retirement planning?
No, work on a separate plan and be disciplined with it. The return of premium is the bait. One should definitely look at buying insurance but only through a pure term plan. Look at it as paying money to buy protection for your family until you have an adequate net worth to support the family. Once you have built that, you don't need insurance. So, I would say that the sound principle is to look at insurance as a cost of buying protection for your family instead of a way to get your money back. Make your investment sensible and that's about it.