Return of Premium Life Insurance Rates For 38-Year-Olds
- Updated: February 25, 2023
Reaching 38 can be an important milestone in life for many reasons. At this age, people may have established their careers, may have begun to reach financial stability, and may even have their own family.
This can be a powerful time of self-reflection, as individuals may begin to evaluate their goals and plan for the future. Moreover, 38 is a significant age when it comes to life insurance.
As individuals age, their need for life insurance may increase as they take on more financial obligations. For example, they may have dependents that rely on them financially, and life insurance can help ensure that these dependents are taken care of in the event of an unexpected death. In addition, life insurance can help cover final expenses and provide for an individual’s loved ones after they are gone.
Moreover, due to health factors, 38 may be a good age to purchase life insurance. As people start to age and their health can decline, it can become more difficult and expensive to receive life insurance coverage. By obtaining life insurance at age 38, individuals may be more likely to qualify for affordable coverage.
Therefore, 38 is an important age in life for various reasons, especially when it comes to life insurance. By obtaining life insurance at this age, individuals can ensure that their dependents and loved ones will be taken care of in the event of an unexpected illness or death.
(Note: See here for 37-year-old ROP rates or the cost of ROP term life insurance for a 39-year-old.)
Table of Contents
Male Return of Premium Rates (Age 38)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 38 | Men | No | $25,000 | $14 | $13 |
| 38 | Men | No | $50,000 | $21 | $19 |
| 38 | Men | No | $75,000 | $29 | $26 |
| 38 | Men | No | $100,000 | $36 | $32 |
| 38 | Men | No | $150,000 | $51 | $45 |
| 38 | Men | No | $200,000 | $66 | $58 |
| 38 | Men | No | $250,000 | $64 | $63 |
| 38 | Men | No | $300,000 | $75 | $74 |
| 38 | Men | No | $400,000 | $98 | $97 |
| 38 | Men | No | $500,000 | $117 | $113 |
| 38 | Men | No | $1,000,000 | $216 | $208 |
If you’re a 38-year-old non-smoking man looking for a return of premium life insurance policy, you might want to consider the rates for coverage amounts of $250,000 and $500,000. For $250,000, you’ll pay $64 a month for a 20-year term policy or $63 a month for a 30-year term policy. If you opt for $500,000 in coverage, you’ll pay $117 a month for a 20-year term policy or $113 a month for a 30-year term policy.
The difference in rates between the 20-year and 30-year term policies is not significant for these coverage amounts. For $250,000 in coverage, the difference is only $1 a month, and for $500,000 in coverage, the difference is only $4 a month.
As for the cost per dollar of coverage, it varies across coverage amounts and term lengths. For example, for the $250,000 coverage amount, the cost per dollar of coverage is higher for the 20-year term policy ($0.256 per dollar) than for the 30-year term policy ($0.252 per dollar). However, for the $500,000 coverage amount, the cost per dollar of coverage is lower for the 20-year term policy ($0.234 per dollar) than for the 30-year term policy ($0.226 per dollar).
Ultimately, the best coverage amount and term length for you will depend on your specific needs and budget. It’s important to compare rates and coverage options from multiple insurers before making a decision.
ROP Term Life Cost (Male Smokers; Age 38)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 38 | Men | Yes | $25,000 | $31 | $26 |
| 38 | Men | Yes | $50,000 | $57 | $47 |
| 38 | Men | Yes | $75,000 | $82 | $67 |
| 38 | Men | Yes | $100,000 | $108 | $87 |
| 38 | Men | Yes | $150,000 | $158 | $127 |
| 38 | Men | Yes | $200,000 | $209 | $168 |
| 38 | Men | Yes | $250,000 | $222 | $177 |
| 38 | Men | Yes | $300,000 | $265 | $211 |
| 38 | Men | Yes | $400,000 | $351 | $279 |
| 38 | Men | Yes | $500,000 | $402 | $329 |
| 38 | Men | Yes | $1,000,000 | $783 | $635 |
If you’re a 38-year-old male smoker looking for term life insurance, you might be interested in the rates for ROP term life insurance. Let’s take a look at the rates for coverage amounts of $50,000 and $500,000.
For $50,000 in coverage, the 20-year term policy rate is $57, while the 30-year term policy rate is $47. That’s a difference of $10 per month, or $120 per year. For $500,000 in coverage, the 20-year term policy rate is $402, while the 30-year term policy rate is $329. That’s a difference of $73 per month, or $876 per year.
The cost per dollar of coverage varies across coverage amounts and term lengths. For example, for $25,000 in coverage, the 20-year term policy rate is $31, which means the cost per dollar of coverage is $0.00124. However, for $1,000,000 in coverage, the 20-year term policy rate is $783, which means the cost per dollar of coverage is $0.000783. So, the cost per dollar of coverage decreases as the coverage amount increases.
Overall, the rates for ROP term life insurance for male smokers at age 38 vary depending on coverage amount and term length. It’s important to carefully consider your coverage needs and budget before choosing a policy.
ROP Life Insurance Prices (Female Smokers; Age 38)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 38 | Women | Yes | $25,000 | $29 | $23 |
| 38 | Women | Yes | $50,000 | $51 | $40 |
| 38 | Women | Yes | $75,000 | $74 | $56 |
| 38 | Women | Yes | $100,000 | $96 | $73 |
| 38 | Women | Yes | $150,000 | $141 | $106 |
| 38 | Women | Yes | $200,000 | $186 | $140 |
| 38 | Women | Yes | $250,000 | $198 | $149 |
| 38 | Women | Yes | $300,000 | $236 | $177 |
| 38 | Women | Yes | $400,000 | $313 | $234 |
| 38 | Women | Yes | $500,000 | $325 | $275 |
| 38 | Women | Yes | $1,000,000 | $639 | $523 |
Looking at the table above, we can see the rates for female return of premium term policies for a 38-year-old non-smoker. Let’s take a closer look at the rates for two coverage amounts: $100,000 and $500,000.
For a $100,000 policy, the rate for a 20-year term is $30 and for a 30-year term is $26. On the other hand, for a $500,000 policy, the rate for a 20-year term is $91 and for a 30-year term is $88. Therefore, we can see that the difference in rates between a 20-year and a 30-year term policy is smaller for a $100,000 policy than for a $500,000 policy.
In terms of 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 a $25,000 policy is $0.48, but for a $1,000,000 policy, it is only $0.17. Similarly, for a 30-year term policy, the cost per dollar of coverage for a $25,000 policy is $0.44, but for a $1,000,000 policy, it is only $0.16.
Overall, it is clear that the cost of the policy varies depending on the coverage amount and term length. It is important to carefully consider these factors when choosing a policy to ensure that you are getting the coverage you need at a price you can afford.
ROP Life Insurance Prices (Female Smokers; Age 38)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 38 | Women | Yes | $25,000 | $29 | $23 |
| 38 | Women | Yes | $50,000 | $51 | $40 |
| 38 | Women | Yes | $75,000 | $74 | $56 |
| 38 | Women | Yes | $100,000 | $96 | $73 |
| 38 | Women | Yes | $150,000 | $141 | $106 |
| 38 | Women | Yes | $200,000 | $186 | $140 |
| 38 | Women | Yes | $250,000 | $198 | $149 |
| 38 | Women | Yes | $300,000 | $236 | $177 |
| 38 | Women | Yes | $400,000 | $313 | $234 |
| 38 | Women | Yes | $500,000 | $325 | $275 |
| 38 | Women | Yes | $1,000,000 | $639 | $523 |
Looking at the table above, we can see the ROP life insurance prices for female smokers who are 38 years old. The rates are provided for coverage amounts ranging from $25,000 to $1,000,000 for both 20-year and 30-year term policies.
Let’s take a closer look at the rates for two coverage amounts – $75,000 and $500,000. For a 20-year term policy with a coverage amount of $75,000, the rate is $74. However, for a 30-year term policy with the same coverage amount, the rate decreases to $56. On the other hand, for a 20-year term policy with a coverage amount of $500,000, the rate is $325, while for a 30-year term policy with the same coverage amount, the rate increases to $275.
The cost per dollar of coverage varies across coverage amounts and term lengths. For instance, for a 20-year term policy, the cost per dollar of coverage is highest for the lowest coverage amount of $25,000 at $1.16, while it is lowest for the highest coverage amount of $1,000,000 at $0.64. Similarly, for a 30-year term policy, the cost per dollar of coverage is highest for the lowest coverage amount of $25,000 at $0.92, while it is lowest for the highest coverage amount of $1,000,000 at $0.52.
In summary, the rates for ROP life insurance for female smokers who are 38 years old vary based on coverage amounts and term lengths. The cost per dollar of coverage also varies across coverage amounts and term lengths. It is important to carefully consider these factors when choosing a policy that best suits your needs.
