Return of Premium Life Insurance Rates For 37-Year-Olds
- Updated: February 25, 2023
Thirty-seven can be considered an important age in life for numerous reasons. By this age, many individuals have completed their education, have a stable career, and have established a family of their own.
In addition, they may have developed a substantial financial savings and may be looking to invest in a home or business. It is also an age where reflection on one’s mortality and future planning can become a priority.
At 37, individuals often find themselves balancing family, career, and recreational activities, and may find it important to plan for the future in order to provide stability to their families. This is especially important when it comes to life insurance. Life insurance is important for individuals at this age as they may still have financial obligations to bear such as mortgages, student loans, and educational expenses.
In the event of an unexpected death, life insurance can provide a safety net for those that survivors depend on, helping them to maintain their standard of living. In addition, life insurance can provide for final expenses, taxes, and even provide funds to charitable entities that an individual has committed to. It can also be a key component of an individual’s estate planning.
By having life insurance in place at a younger age, such as 37, individuals are able to minimize the challenges associated with obtaining life insurance coverage as they age.
(Note: See here for 36-year-old ROP rates or the cost of ROP term life insurance for a 38-year-old.)
Table of Contents
Male Return of Premium Rates (Age 37)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 37 | Men | No | $25,000 | $13 | $12 |
| 37 | Men | No | $50,000 | $20 | $18 |
| 37 | Men | No | $75,000 | $26 | $24 |
| 37 | Men | No | $100,000 | $33 | $29 |
| 37 | Men | No | $150,000 | $47 | $41 |
| 37 | Men | No | $200,000 | $60 | $53 |
| 37 | Men | No | $250,000 | $57 | $59 |
| 37 | Men | No | $300,000 | $68 | $69 |
| 37 | Men | No | $400,000 | $88 | $90 |
| 37 | Men | No | $500,000 | $105 | $102 |
| 37 | Men | No | $1,000,000 | $193 | $189 |
If you’re a 37-year-old non-smoking male looking for a return of premium life insurance policy, the table above shows you the rates for different coverage amounts and term lengths. Let’s take a closer look.
First, let’s choose two coverage amounts to analyze. If you’re looking for $100,000 in coverage, you can expect to pay $33 per month for a 20-year term policy or $29 per month for a 30-year term policy. If you need more coverage, say $500,000, you’ll pay $105 per month for a 20-year term policy or $102 per month for a 30-year term policy.
Now, let’s compare the rates for the same coverage amount but different term lengths. For $100,000 in coverage, the 30-year term policy is cheaper by $4 per month. For $500,000 in coverage, the 20-year term policy is cheaper by $3 per month. So, it seems that the difference in rates between a 20-year and a 30-year term policy varies depending on the coverage amount.
Finally, let’s look at the cost per dollar of coverage. As the coverage amount increases, the cost per dollar of coverage decreases. For example, the cost per dollar of coverage for a $25,000 policy is $0.52, while the cost per dollar of coverage for a $1,000,000 policy is $0.19. Additionally, the cost per dollar of coverage decreases as the term length increases. For example, the cost per dollar of coverage for a 20-year term policy is higher than that of a 30-year term policy for the same coverage amount.
Overall, it’s important to consider the coverage amount and term length when selecting a return of premium life insurance policy. The rates vary depending on these factors, and the cost per dollar of coverage also varies.
ROP Term Life Cost (Male Smokers; Age 37)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 37 | Men | Yes | $25,000 | $30 | $25 |
| 37 | Men | Yes | $50,000 | $53 | $43 |
| 37 | Men | Yes | $75,000 | $77 | $62 |
| 37 | Men | Yes | $100,000 | $100 | $80 |
| 37 | Men | Yes | $150,000 | $147 | $118 |
| 37 | Men | Yes | $200,000 | $195 | $155 |
| 37 | Men | Yes | $250,000 | $204 | $163 |
| 37 | Men | Yes | $300,000 | $244 | $195 |
| 37 | Men | Yes | $400,000 | $323 | $258 |
| 37 | Men | Yes | $500,000 | $373 | $304 |
| 37 | Men | Yes | $1,000,000 | $721 | $586 |
If you’re a 37-year-old male smoker looking for term life insurance, the above table provides a breakdown of rates for different coverage amounts and term lengths. Let’s take a closer look.
First, let’s choose two coverage amounts and compare rates for each amount. For example, if you’re interested in a $50,000 policy, you can expect to pay $53 per month for a 20-year term or $43 per month for a 30-year term. If you’re looking for a higher coverage amount, such as $500,000, the rates increase to $373 per month for a 20-year term and $304 per month for a 30-year term.
As for the difference in rates between 20-year and 30-year term policies, the above examples show that the 30-year term policies are generally cheaper. For the $50,000 policy, the difference is $10 per month, while for the $500,000 policy, the difference is $69 per month.
The cost per dollar of coverage also varies across coverage amounts and term lengths. For example, if you’re looking for the most affordable option in terms of cost per dollar of coverage, the $250,000 policy for a 30-year term has the lowest rate at $163 per month, which translates to $0.65 per $1,000 of coverage. On the other hand, if you’re willing to pay more for a higher coverage amount, the $1,000,000 policy for a 20-year term has a rate of $721 per month, which translates to $0.72 per $1,000 of coverage.
Overall, it’s important to carefully consider your coverage needs and budget when choosing a term life insurance policy. The above table can provide a helpful starting point for comparing rates, but it’s always a good idea to speak with a licensed insurance agent to get personalized advice and guidance.
ROP Life Insurance Prices (Female Smokers; Age 37)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 37 | Women | Yes | $25,000 | $26 | $21 |
| 37 | Women | Yes | $50,000 | $47 | $37 |
| 37 | Women | Yes | $75,000 | $67 | $52 |
| 37 | Women | Yes | $100,000 | $87 | $67 |
| 37 | Women | Yes | $150,000 | $128 | $98 |
| 37 | Women | Yes | $200,000 | $169 | $128 |
| 37 | Women | Yes | $250,000 | $176 | $139 |
| 37 | Women | Yes | $300,000 | $210 | $165 |
| 37 | Women | Yes | $400,000 | $278 | $218 |
| 37 | Women | Yes | $500,000 | $297 | $251 |
| 37 | Women | Yes | $1,000,000 | $577 | $478 |
Looking at the table, if a 37-year-old woman who is a non-smoker is interested in purchasing a return of premium term life insurance policy, she can choose from a range of coverage amounts, with rates varying based on the coverage amount and the term length.
For example, if she chooses a coverage amount of $100,000, she can opt for a 20-year policy at a rate of $27 or a 30-year policy at a rate of $25. The difference in rates between a 20-year and a 30-year policy is not significant for this coverage amount.
Alternatively, if she chooses a coverage amount of $500,000, she can opt for a 20-year policy at a rate of $83 or a 30-year policy at a rate of $81. For this coverage amount, the difference in rates between a 20-year and a 30-year policy is also not significant.
When looking at the cost per dollar of coverage, we can see that the rate per dollar of coverage decreases as the coverage amount increases. For example, the rate per dollar of coverage for a $25,000 policy is $0.44, while the rate per dollar of coverage for a $1,000,000 policy is $0.15. Additionally, the rate per dollar of coverage decreases as the term length increases.
In summary, the rates for return of premium term life insurance policies for a 37-year-old non-smoking woman vary based on coverage amount and term length. The difference in rates between a 20-year and a 30-year policy is not significant for most coverage amounts. The cost per dollar of coverage decreases as the coverage amount and term length increase.
ROP Life Insurance Prices (Female Smokers; Age 37)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 37 | Women | Yes | $25,000 | $26 | $21 |
| 37 | Women | Yes | $50,000 | $47 | $37 |
| 37 | Women | Yes | $75,000 | $67 | $52 |
| 37 | Women | Yes | $100,000 | $87 | $67 |
| 37 | Women | Yes | $150,000 | $128 | $98 |
| 37 | Women | Yes | $200,000 | $169 | $128 |
| 37 | Women | Yes | $250,000 | $176 | $139 |
| 37 | Women | Yes | $300,000 | $210 | $165 |
| 37 | Women | Yes | $400,000 | $278 | $218 |
| 37 | Women | Yes | $500,000 | $297 | $251 |
| 37 | Women | Yes | $1,000,000 | $577 | $478 |
If you are a 37-year-old female smoker, the cost of life insurance can vary depending on the coverage amount and term length you choose. Let’s take a look at the rates for two coverage amounts: $50,000 and $250,000.
For a $50,000 policy, the 20-year term rate is $47 per month, while the 30-year term rate is $37 per month. This means that the 30-year term policy is cheaper by $10 per month, or $120 per year.
For a $250,000 policy, the 20-year term rate is $176 per month, while the 30-year term rate is $139 per month. Again, the 30-year term policy is cheaper, this time by $37 per month, or $444 per year.
When comparing the cost per dollar of coverage, we can see that it decreases as the coverage amount increases. For example, the cost per dollar of coverage for a $50,000 policy is $0.94 for the 20-year term and $0.74 for the 30-year term. However, for a $1,000,000 policy, the cost per dollar of coverage is $0.58 for the 20-year term and $0.48 for the 30-year term.
Overall, if you are a 37-year-old female smoker, it is important to carefully consider your coverage amount and term length when selecting a life insurance policy. The difference in rates between a 20-year and 30-year term policy can be significant, and the cost per dollar of coverage varies across coverage amounts and term lengths.
