Return of Premium Life Insurance Rates For 22-Year-Olds
- Updated: February 20, 2023

Twenty-two is an important age in life for a variety of reasons. For many, it is the age when they graduate college and begin the process of entering the workforce.
At 22, individuals may also experience newfound freedom and independence after living with parents or guardians during their teenage years. This can be a pivotal time as they develop their own identity and begin to build financial independence.
At 22, there is also an increasing need for life insurance. Even if individuals have no dependents or assets to protect, they may still be responsible for huge student loan debt. In the event of an unexpected death, it can be difficult or impossible for parents or family members to take on the full financial burden of these loans.
Life insurance can help provide the necessary funds to ensure that these loans are paid off and provide financial relief to family members. Additionally, life insurance at this age can be beneficial long-term. Policies purchased at a younger age often come at a lower cost, as an individual’s overall health is generally better at 22.
As people age, the risk of serious illnesses increases, making life insurance more expensive and more difficult to qualify for. By taking advantage of lower rates and premiums, individuals can ultimately save money on their policy and ensure that their financial needs are met in the event of an unforeseen illness or death.
(Note: See here for 21-year-old ROP rates or the cost of ROP term life insurance for a 23-year-old.)
Table of Contents
Male Return of Premium Rates (Age 22)
Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
---|---|---|---|---|---|
22 | Men | No | $25,000 | $10 | $9 |
22 | Men | No | $50,000 | $14 | $12 |
22 | Men | No | $75,000 | $18 | $15 |
22 | Men | No | $100,000 | $22 | $19 |
22 | Men | No | $150,000 | $29 | $25 |
22 | Men | No | $200,000 | $37 | $31 |
22 | Men | No | $250,000 | $36 | $33 |
22 | Men | No | $300,000 | $42 | $38 |
22 | Men | No | $400,000 | $53 | $49 |
22 | Men | No | $500,000 | $65 | $59 |
22 | Men | No | $1,000,000 | $118 | $105 |
Looking at the table, we can see the male return of premium rates for a 22-year-old non-smoker. Let’s focus on the coverage amounts of $100,000 and $500,000. For $100,000 coverage, the 20-year term policy rate is $22, while the 30-year term policy rate is $19. On the other hand, for $500,000 coverage, the 20-year term policy rate is $65, while the 30-year term policy rate is $59.
The difference in rates between a 20-year and a 30-year term policy for $100,000 coverage is $3, while for $500,000 coverage, it is $6. This means that the 30-year term policy is generally cheaper than the 20-year term policy.
The cost per dollar of coverage varies across coverage amounts and term lengths. For example, for $25,000 coverage, the cost per dollar of coverage for a 20-year term policy is $0.0004, while for a 30-year term policy, it is $0.00036. However, for $1,000,000 coverage, the cost per dollar of coverage for a 20-year term policy is $0.00118, while for a 30-year term policy, it is $0.00105. This means that the cost per dollar of coverage decreases as the coverage amount increases, but increases as the term length increases.
ROP Term Life Cost (Male Smokers; Age 22)
Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
---|---|---|---|---|---|
22 | Men | Yes | $25,000 | $16 | $15 |
22 | Men | Yes | $50,000 | $26 | $24 |
22 | Men | Yes | $75,000 | $35 | $33 |
22 | Men | Yes | $100,000 | $45 | $42 |
22 | Men | Yes | $150,000 | $65 | $61 |
22 | Men | Yes | $200,000 | $84 | $79 |
22 | Men | Yes | $250,000 | $92 | $85 |
22 | Men | Yes | $300,000 | $109 | $101 |
22 | Men | Yes | $400,000 | $144 | $132 |
22 | Men | Yes | $500,000 | $172 | $157 |
22 | Men | Yes | $1,000,000 | $332 | $304 |
For male smokers at the age of 22, the ROP term life cost varies depending on the coverage amount and term length. Let’s take a look at the rates for two coverage amounts: $50,000 and $250,000.
For a $50,000 coverage amount, the rate for a 20-year term policy is $26, while the rate for a 30-year term policy is $24. This means that the rate is slightly lower for a 30-year term policy.
For a $250,000 coverage amount, the rate for a 20-year term policy is $92, while the rate for a 30-year term policy is $85. Again, the rate is slightly lower for a 30-year term policy.
The cost per dollar of coverage decreases as the coverage amount increases. For example, the cost per dollar of coverage for a $25,000 coverage amount is $0.64, while the cost per dollar of coverage for a $1,000,000 coverage amount is $0.33.
ROP Life Insurance Prices (Female Smokers; Age 22)
Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
---|---|---|---|---|---|
22 | Women | Yes | $25,000 | $11 | $13 |
22 | Women | Yes | $50,000 | $17 | $20 |
22 | Women | Yes | $75,000 | $22 | $26 |
22 | Women | Yes | $100,000 | $27 | $33 |
22 | Women | Yes | $150,000 | $37 | $47 |
22 | Women | Yes | $200,000 | $48 | $60 |
22 | Women | Yes | $250,000 | $53 | $64 |
22 | Women | Yes | $300,000 | $62 | $76 |
22 | Women | Yes | $400,000 | $81 | $99 |
22 | Women | Yes | $500,000 | $99 | $117 |
22 | Women | Yes | $1,000,000 | $185 | $224 |
Looking at the table, we can see the rates for female return of premium term policies for those who are 22 years old and are non-smokers. For coverage amounts of $100,000 and $500,000, the rates for a 20-year term policy are $14 and $38, respectively. The rates for a 30-year term policy for the same coverage amounts are $14 and $41, respectively.
For both coverage amounts, there is not much of a difference in rates between the 20-year and 30-year term policies. However, it is important to note that the longer the term, the higher the overall cost of the policy will be.
Looking at the cost per dollar of coverage, we can see that it decreases as the coverage amount increases. For example, for a 20-year term policy, the cost per dollar of coverage for $25,000 is $0.32, while for $1,000,000 it is $0.068. This is because the higher the coverage amount, the lower the risk for the insurer since the probability of a claim being made decreases as the coverage amount increases.
Overall, it is important to carefully consider the coverage amount and term length when choosing a return of premium term policy. While the cost per dollar of coverage decreases as the coverage amount increases, the overall cost of the policy will also increase. Additionally, while the rates for 20-year and 30-year term policies are similar, the longer the term, the higher the overall cost of the policy will be.
ROP Life Insurance Prices (Female Smokers; Age 22)
Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
---|---|---|---|---|---|
22 | Women | Yes | $25,000 | $11 | $13 |
22 | Women | Yes | $50,000 | $17 | $20 |
22 | Women | Yes | $75,000 | $22 | $26 |
22 | Women | Yes | $100,000 | $27 | $33 |
22 | Women | Yes | $150,000 | $37 | $47 |
22 | Women | Yes | $200,000 | $48 | $60 |
22 | Women | Yes | $250,000 | $53 | $64 |
22 | Women | Yes | $300,000 | $62 | $76 |
22 | Women | Yes | $400,000 | $81 | $99 |
22 | Women | Yes | $500,000 | $99 | $117 |
22 | Women | Yes | $1,000,000 | $185 | $224 |
If you’re a 22-year-old female smoker, you might be wondering how much a life insurance policy would cost you. The table above provides rates for different coverage amounts and term lengths. Let’s take a closer look.
First, let’s choose two coverage amounts: $50,000 and $250,000. For a $50,000 policy, the 20-year term rate is $17 per month, while the 30-year term rate is $20 per month. For a $250,000 policy, the 20-year term rate is $53 per month, while the 30-year term rate is $64 per month.
The difference in rates between the 20-year and 30-year term policies is relatively small for these coverage amounts. For the $50,000 policy, the difference is only $3 per month, while for the $250,000 policy, the difference is $11 per month.
The cost per dollar of coverage varies across coverage amounts and term lengths. Generally, the larger the coverage amount, the lower the cost per dollar of coverage. For example, the cost per dollar of coverage for the $50,000 policy is $0.34 for the 20-year term and $0.40 for the 30-year term. For the $250,000 policy, the cost per dollar of coverage is $0.21 for the 20-year term and $0.26 for the 30-year term.
Overall, if you’re a 22-year-old female smoker, a life insurance policy can be affordable, especially if you choose a larger coverage amount and a longer term length. However, it’s important to keep in mind that smoking can increase the cost of your policy.