Return of Premium Life Insurance Rates For 27-Year-Olds
- Updated: February 20, 2023
At 27, many people are entering important stages of life. They may have recently completed their education, started a career, and begun to establish financial stability.
This is also an age when people may begin to think about forming a family of their own and be faced with long-term commitments. Additionally, it can be an important time for self-reflection, as many people around this age are thinking about the future and what their life may look like in the years ahead.
When considering the long-term, getting life insurance at 27 is a smart decision. Even if a person is not married or has no children yet, life insurance can still provide peace of mind in the event of an unexpected death. Having life insurance when you are still relatively young can also make it easier to secure affordable coverage since the likelihood of major health issues is generally lower.
Ultimately, life insurance can provide financial security for loved ones and help manage financial obligations such as paying off debt. Additionally, it can give people peace of mind knowing that if something were to happen to them, their family would be taken care of and their final expenses covered.
(Note: See here for 26-year-old ROP rates or the cost of ROP term life insurance for a 28-year-old.)
Table of Contents
Male Return of Premium Rates (Age 27)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 27 | Men | No | $25,000 | $10 | $9 |
| 27 | Men | No | $50,000 | $14 | $12 |
| 27 | Men | No | $75,000 | $18 | $15 |
| 27 | Men | No | $100,000 | $22 | $19 |
| 27 | Men | No | $150,000 | $29 | $25 |
| 27 | Men | No | $200,000 | $37 | $31 |
| 27 | Men | No | $250,000 | $36 | $33 |
| 27 | Men | No | $300,000 | $42 | $38 |
| 27 | Men | No | $400,000 | $53 | $49 |
| 27 | Men | No | $500,000 | $65 | $59 |
| 27 | Men | No | $1,000,000 | $118 | $105 |
Looking at the table above, we can see the return of premium rates for male non-smokers at age 27. Let’s take a closer look at the rates for two coverage amounts.
For a $100,000 coverage amount, the rate for a 20-year term policy is $22, while the rate for a 30-year term policy is $19. This means that the rate is lower for the longer term policy, saving you money in the long run.
If we look at a higher coverage amount, such as $500,000, the rate for a 20-year term policy is $65, while the rate for a 30-year term policy is $59. Again, we see that the rate is lower for the longer term policy, but the difference in rates is not as significant as it was for the lower coverage amount.
Interestingly, we can see that 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 $0.40, while the cost per dollar of coverage for a $1,000,000 coverage amount is $0.118.
Overall, it’s important to consider both the coverage amount and term length when choosing a return of premium life insurance policy. While longer term policies may have a higher initial cost, they can save you money in the long run. Additionally, higher coverage amounts may have a lower cost per dollar of coverage, making them a more cost-effective option.
ROP Term Life Cost (Male Smokers; Age 27)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 27 | Men | Yes | $25,000 | $17 | $15 |
| 27 | Men | Yes | $50,000 | $28 | $24 |
| 27 | Men | Yes | $75,000 | $39 | $33 |
| 27 | Men | Yes | $100,000 | $50 | $43 |
| 27 | Men | Yes | $150,000 | $72 | $61 |
| 27 | Men | Yes | $200,000 | $93 | $79 |
| 27 | Men | Yes | $250,000 | $100 | $85 |
| 27 | Men | Yes | $300,000 | $119 | $101 |
| 27 | Men | Yes | $400,000 | $156 | $132 |
| 27 | Men | Yes | $500,000 | $185 | $157 |
| 27 | Men | Yes | $1,000,000 | $361 | $304 |
If you’re a 27-year-old male smoker, you might be interested in knowing how much it would cost to get term life insurance coverage. The table above provides some answers. Let’s take a closer look.
First, let’s focus on the coverage amounts. The table shows rates for coverage amounts ranging from $25,000 to $1,000,000. For example, if you want $100,000 in coverage, you would pay $50 per month for a 20-year term policy or $43 per month for a 30-year term policy.
Now let’s compare the rates for a couple of coverage amounts. If you’re interested in $50,000 in coverage, you would pay $28 per month for a 20-year term policy or $24 per month for a 30-year term policy. That’s a difference of $4 per month, or $480 over the life of the policy. For $500,000 in coverage, the difference between a 20-year and 30-year term policy is even greater – $28 per month, or $8,400 over the life of the policy.
So, how does the cost per dollar of coverage vary across coverage amounts and term lengths? Generally speaking, the cost per dollar of coverage decreases as the coverage amount increases. For example, if you compare the rates for a 20-year term policy, you’ll see that the cost per dollar of coverage is lower for a $1,000,000 policy than it is for a $25,000 policy. The same is true for a 30-year term policy. Additionally, the cost per dollar of coverage is generally lower for a longer term policy. For example, if you compare the rates for a $100,000 policy, you’ll see that the cost per dollar of coverage is lower for a 30-year term policy than it is for a 20-year term policy.
Overall, the table provides a good starting point for understanding the costs of term life insurance for 27-year-old male smokers. Keep in mind that these rates are based on certain assumptions and individual rates may vary depending on factors such as health, lifestyle, and family history.
ROP Life Insurance Prices (Female Smokers; Age 27)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 27 | Women | Yes | $25,000 | $13 | $13 |
| 27 | Women | Yes | $50,000 | $19 | $20 |
| 27 | Women | Yes | $75,000 | $26 | $26 |
| 27 | Women | Yes | $100,000 | $33 | $33 |
| 27 | Women | Yes | $150,000 | $46 | $47 |
| 27 | Women | Yes | $200,000 | $59 | $60 |
| 27 | Women | Yes | $250,000 | $62 | $64 |
| 27 | Women | Yes | $300,000 | $73 | $76 |
| 27 | Women | Yes | $400,000 | $95 | $99 |
| 27 | Women | Yes | $500,000 | $117 | $117 |
| 27 | Women | Yes | $1,000,000 | $223 | $224 |
If you are a 27-year-old woman who doesn’t smoke and is looking for a return of premium term policy, you have a variety of options to choose from. Let’s take a look at the rates for different coverage amounts and term lengths.
For a $100,000 policy, the rate is $14 for both a 20-year and a 30-year term. However, if you opt for a $500,000 policy, the rate increases to $39 for a 20-year term and $41 for a 30-year term. This shows that the higher the coverage amount, the higher the rate, which is to be expected.
When comparing the rates for a 20-year and a 30-year term policy, there is not much of a difference for lower coverage amounts. For example, the rate for a $25,000 policy is $8 for both a 20-year and a 30-year term. However, for higher coverage amounts, the rate for a 30-year term policy is slightly higher than that of a 20-year term policy. For instance, for a $500,000 policy, the rate is $39 for a 20-year term and $41 for a 30-year term.
Finally, let’s take a look at the cost per dollar of coverage across different coverage amounts and term lengths. For a $25,000 policy, the cost per dollar of coverage is highest at $0.32, while for a $1,000,000 policy, the cost per dollar of coverage is lowest at $0.07. This indicates that as the coverage amount increases, the cost per dollar of coverage decreases. Additionally, the cost per dollar of coverage is slightly higher for a 30-year term policy compared to a 20-year term policy, which is again to be expected.
ROP Life Insurance Prices (Female Smokers; Age 27)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 27 | Women | Yes | $25,000 | $13 | $13 |
| 27 | Women | Yes | $50,000 | $19 | $20 |
| 27 | Women | Yes | $75,000 | $26 | $26 |
| 27 | Women | Yes | $100,000 | $33 | $33 |
| 27 | Women | Yes | $150,000 | $46 | $47 |
| 27 | Women | Yes | $200,000 | $59 | $60 |
| 27 | Women | Yes | $250,000 | $62 | $64 |
| 27 | Women | Yes | $300,000 | $73 | $76 |
| 27 | Women | Yes | $400,000 | $95 | $99 |
| 27 | Women | Yes | $500,000 | $117 | $117 |
| 27 | Women | Yes | $1,000,000 | $223 | $224 |
If you are a 27-year-old female smoker, you might be interested in knowing the rates for ROP life insurance. Here are the rates for coverage amounts ranging from $25,000 to $1,000,000 for both 20-year and 30-year term policies.
Let’s take a look at two coverage amounts: $50,000 and $500,000. For a $50,000 coverage amount, the rate for a 20-year term policy is $19, while the rate for a 30-year term policy is $20. That’s only a $1 difference between the two term lengths. For a $500,000 coverage amount, the rate for a 20-year term policy is $117, while the rate for a 30-year term policy is also $117. This means that the rates are the same for both term lengths.
It’s interesting to note that 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 $0.52 for a 20-year term policy and $0.52 for a 30-year term policy. However, for a $1,000,000 coverage amount, the cost per dollar of coverage is $0.22 for a 20-year term policy and $0.22 for a 30-year term policy. This means that the more coverage you get, the more value you get for your money.
Overall, if you are a 27-year-old female smoker looking for ROP life insurance, these rates can give you a good idea of what to expect. Keep in mind that rates may vary based on your individual circumstances, so it’s always a good idea to shop around and compare rates from multiple insurance providers.
