Return of Premium Life Insurance Rates For 34-Year-Olds
- Updated: February 24, 2023
At 34, many people have achieved a lot of personal and professional accomplishments. It is likely that individuals of this age have established a career, may have started a family, and have some level of financial stability.
However, this age is also an important time to start preparing for someone’s future, including getting life insurance coverage. At 34 years old, people may still be taking on new financial responsibilities.
For example, they may have children who are still dependent on them for support. Life insurance can provide a safety net in the event of an unexpected death, helping to ensure that their children’s needs can still be met. Additionally, life insurance can be an important part of estate planning and paying for final expenses.
At this stage in life, health issues may become more apparent and having life insurance can help ensure that individuals are covered in the event of an illness or injury. As people age, the cost of life insurance can increase and waiting too long may leave them unable to get the coverage they need. By obtaining life insurance at age 34, individuals can help protect themselves and their family for years to come.
(Note: See here for 33-year-old ROP rates or the cost of ROP term life insurance for a 35-year-old.)
Table of Contents
Male Return of Premium Rates (Age 34)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 34 | Men | No | $25,000 | $11 | $10 |
| 34 | Men | No | $50,000 | $16 | $15 |
| 34 | Men | No | $75,000 | $21 | $19 |
| 34 | Men | No | $100,000 | $26 | $23 |
| 34 | Men | No | $150,000 | $36 | $32 |
| 34 | Men | No | $200,000 | $46 | $40 |
| 34 | Men | No | $250,000 | $43 | $46 |
| 34 | Men | No | $300,000 | $50 | $54 |
| 34 | Men | No | $400,000 | $65 | $70 |
| 34 | Men | No | $500,000 | $80 | $78 |
| 34 | Men | No | $1,000,000 | $145 | $141 |
If you’re a 34-year-old male non-smoker, you may be interested in the return of premium rates for different coverage amounts and term lengths. Let’s take a look at the rates for two coverage amounts: $100,000 and $500,000.
For a $100,000 policy, the 20-year term rate is $26 and the 30-year term rate is $23. This means that the 30-year term policy is slightly less expensive than the 20-year term policy. For a $500,000 policy, the 20-year term rate is $80 and the 30-year term rate is $78. Again, the 30-year term policy is slightly less expensive than the 20-year term policy.
The cost per dollar of coverage varies across coverage amounts and term lengths. For example, the cost per dollar of coverage for a $25,000 policy is higher than the cost per dollar of coverage for a $1,000,000 policy. Additionally, the cost per dollar of coverage for a 20-year term policy is higher than the cost per dollar of coverage for a 30-year term policy.
Overall, it’s important to compare rates for different coverage amounts and term lengths before making a decision about your life insurance policy.
ROP Term Life Cost (Male Smokers; Age 34)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 34 | Men | Yes | $25,000 | $25 | $20 |
| 34 | Men | Yes | $50,000 | $44 | $35 |
| 34 | Men | Yes | $75,000 | $63 | $49 |
| 34 | Men | Yes | $100,000 | $82 | $63 |
| 34 | Men | Yes | $150,000 | $119 | $92 |
| 34 | Men | Yes | $200,000 | $157 | $120 |
| 34 | Men | Yes | $250,000 | $162 | $128 |
| 34 | Men | Yes | $300,000 | $193 | $153 |
| 34 | Men | Yes | $400,000 | $256 | $202 |
| 34 | Men | Yes | $500,000 | $299 | $238 |
| 34 | Men | Yes | $1,000,000 | $571 | $458 |
If you are a 34-year-old male smoker looking for term life insurance, ROP Term Life has some options for you. The rates for their policies vary based on coverage amount and term length. Let’s take a closer look at the rates for two coverage amounts.
For a $50,000 policy, the 20-year term rate is $44 and the 30-year term rate is $35. That’s a difference of $9 per month between the two term lengths. For a $500,000 policy, the 20-year term rate is $299 and the 30-year term rate is $238. Here, the difference between the two term lengths is $61 per month.
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 policy is $0.001 per month, while the cost per dollar of coverage for a $1,000,000 policy is $0.000458 per month. Additionally, the cost per dollar of coverage decreases as the term length increases. For example, the cost per dollar of coverage for a $50,000 policy is $0.00088 per month for a 20-year term and $0.0007 per month for a 30-year term.
Overall, it’s important to carefully consider your coverage needs and budget when choosing a term life insurance policy. ROP Term Life offers a range of coverage amounts and term lengths to fit different needs and budgets.
ROP Life Insurance Prices (Female Smokers; Age 34)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 34 | Women | Yes | $25,000 | $21 | $18 |
| 34 | Women | Yes | $50,000 | $36 | $29 |
| 34 | Women | Yes | $75,000 | $51 | $40 |
| 34 | Women | Yes | $100,000 | $66 | $52 |
| 34 | Women | Yes | $150,000 | $96 | $75 |
| 34 | Women | Yes | $200,000 | $126 | $98 |
| 34 | Women | Yes | $250,000 | $125 | $108 |
| 34 | Women | Yes | $300,000 | $148 | $129 |
| 34 | Women | Yes | $400,000 | $196 | $170 |
| 34 | Women | Yes | $500,000 | $227 | $190 |
| 34 | Women | Yes | $1,000,000 | $432 | $358 |
Looking at the table above, we can see the rates for female return of premium term policies for a 34-year-old non-smoker. The rates are broken down by coverage amount and term length.
Let’s take a closer look at the rates for two coverage amounts: $100,000 and $500,000. For a 20-year term policy, the rate for $100,000 in coverage is $21, while the rate for $500,000 in coverage is $63. For a 30-year term policy, the rate for $100,000 in coverage is $20, while the rate for $500,000 in coverage is $62.
The difference in rates between a 20-year and a 30-year term policy is minimal for these coverage amounts. For $100,000 in coverage, the difference is only $1, and for $500,000 in coverage, the difference is only $1 as well.
When it comes to cost per dollar of coverage, we can see that the rates decrease as the coverage amount increases. For example, the rate for $25,000 in coverage is $10, while the rate for $1,000,000 in coverage is $117 for a 20-year term policy. This means that the cost per dollar of coverage is higher for lower coverage amounts and lower for higher coverage amounts.
Overall, these rates provide valuable information for individuals looking to purchase a return of premium term life insurance policy. It’s important to consider both the coverage amount and term length when deciding on a policy that meets your needs and budget.
ROP Life Insurance Prices (Female Smokers; Age 34)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 34 | Women | Yes | $25,000 | $21 | $18 |
| 34 | Women | Yes | $50,000 | $36 | $29 |
| 34 | Women | Yes | $75,000 | $51 | $40 |
| 34 | Women | Yes | $100,000 | $66 | $52 |
| 34 | Women | Yes | $150,000 | $96 | $75 |
| 34 | Women | Yes | $200,000 | $126 | $98 |
| 34 | Women | Yes | $250,000 | $125 | $108 |
| 34 | Women | Yes | $300,000 | $148 | $129 |
| 34 | Women | Yes | $400,000 | $196 | $170 |
| 34 | Women | Yes | $500,000 | $227 | $190 |
| 34 | Women | Yes | $1,000,000 | $432 | $358 |
Looking at the ROP life insurance prices for female smokers aged 34, we can see that the rates vary based on the coverage amount and term length. Let’s take a closer look at two coverage amounts and compare the rates for a 20-year and a 30-year term policy.
For a coverage amount of $50,000, the rate for a 20-year term policy is $36, while the rate for a 30-year term policy is $29. This means that the 30-year policy is cheaper by $7 per year. For a coverage amount of $500,000, the rate for a 20-year term policy is $227, while the rate for a 30-year term policy is $190. Here, the difference in rates is $37 per year, with the 30-year policy being cheaper.
We can also see that the cost per dollar of coverage varies across coverage amounts and term lengths. For example, the cost per dollar of coverage for a $25,000 20-year term policy is $0.00084, while for a $1,000,000 30-year term policy, it is $0.00036. This means that as the coverage amount and term length increase, the cost per dollar of coverage decreases.
Overall, it is important to carefully consider the coverage amount and term length when selecting a life insurance policy, as they can have a significant impact on the rates and cost per dollar of coverage.
