Both of these products literally mean the same thing, all premiums paid are returned to you at the end of the policy period. (spectruminsurancegroup.com)
All the premiums paid are used to cover the cost of insurance protection, and you don't receive a refund at the end of the policy period. (ufcu.pfyfn.com)
This term refers to the termination of an insurance policy contract before the end of the policy period, by either the insurance company (the insurer) or the policyholder (the insured). (mytexasinjurylawyers.com)