Return of Premium Life Insurance Rates For 40-Year-Olds
- Updated: February 25, 2023
Forty is an important age in life because it marks the middle of adulthood and the transition to increased responsibility. At this age, many people have completed their schooling, established careers, and are beginning to establish themselves as independent adults.
They may be married and raising children, and may have begun to build their own financial and personal legacy. At 40, people can also start to think about planning for their retirement and ensuring their financial security in the future.
This is a time where people begin to consider the different options for saving for retirement, such as investing in stocks and bonds. Additionally, life insurance becomes an important consideration when planning for retirement as it can provide financial support for your loved ones if you pass away unexpectedly. By purchasing life insurance at age 40, individuals can ensure that their family is taken care of if the unexpected happens.
Life insurance can provide your family with a financial safety net in the event of an untimely death, helping to ensure they have the resources they need to live comfortably. Additionally, it can be used to pay for your funeral expenses, leaving your family with one less financial burden during a difficult time. Overall, 40 is an important age in life as it provides a time to reflect and plan for the future.
Particularly when it comes to life insurance, purchasing coverage at this age can help protect your family’s financial security if the unexpected occurs.
(Note: See here for 39-year-old ROP rates or the cost of ROP term life insurance for a 41-year-old.)
Table of Contents
Male Return of Premium Rates (Age 40)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 40 | Men | No | $25,000 | $16 | $14 |
| 40 | Men | No | $50,000 | $25 | $22 |
| 40 | Men | No | $75,000 | $34 | $30 |
| 40 | Men | No | $100,000 | $44 | $38 |
| 40 | Men | No | $150,000 | $63 | $54 |
| 40 | Men | No | $200,000 | $82 | $70 |
| 40 | Men | No | $250,000 | $78 | $74 |
| 40 | Men | No | $300,000 | $93 | $88 |
| 40 | Men | No | $400,000 | $122 | $115 |
| 40 | Men | No | $500,000 | $143 | $135 |
| 40 | Men | No | $1,000,000 | $264 | $254 |
Looking at the table above, we can see the male return of premium rates for someone who is 40 years old. Let’s take a closer look at the rates for two coverage amounts.
For a $50,000 coverage amount, the rate for a 20-year term policy is $25, while the rate for a 30-year term policy is $22. This means that the 30-year term policy has a lower rate, which can save you money over time. For a $500,000 coverage amount, the rate for a 20-year term policy is $143, while the rate for a 30-year term policy is $135. Again, the 30-year term policy has a lower rate, which can save you money over time.
It’s interesting to note that the cost per dollar of coverage varies across coverage amounts and term lengths. For example, for a $25,000 coverage amount, the rate for a 20-year term policy is $16, which means that the cost per dollar of coverage is $0.00064. However, for a $1,000,000 coverage amount, the rate for a 20-year term policy is $264, which means that the cost per dollar of coverage is $0.000264. As you can see, the cost per dollar of coverage decreases as the coverage amount increases.
Overall, it’s important to carefully consider your coverage needs and budget when choosing a policy. While a longer term policy may have a lower rate, it may not be necessary if you only need coverage for a shorter period of time. Additionally, choosing a higher coverage amount may provide more protection, but it will also come with a higher cost.
ROP Term Life Cost (Male Smokers; Age 40)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 40 | Men | Yes | $25,000 | $36 | $30 |
| 40 | Men | Yes | $50,000 | $67 | $53 |
| 40 | Men | Yes | $75,000 | $97 | $77 |
| 40 | Men | Yes | $100,000 | $127 | $101 |
| 40 | Men | Yes | $150,000 | $187 | $148 |
| 40 | Men | Yes | $200,000 | $248 | $195 |
| 40 | Men | Yes | $250,000 | $265 | $205 |
| 40 | Men | Yes | $300,000 | $317 | $245 |
| 40 | Men | Yes | $400,000 | $420 | $325 |
| 40 | Men | Yes | $500,000 | $470 | $382 |
| 40 | Men | Yes | $1,000,000 | $928 | $736 |
If you are a male smoker at the age of 40, you may be interested in the rates for ROP Term Life Insurance. The rates listed below are for coverage amounts ranging from $25,000 to $1,000,000.
Let’s take a look at two coverage amounts and see how the rates differ between a 20-year and a 30-year term policy. For a $50,000 coverage amount, the 20-year term policy rate is $67 while the 30-year term policy rate is $53. This is a difference of $14 per month. For a $250,000 coverage amount, the 20-year term policy rate is $265 while the 30-year term policy rate is $205. This is a difference of $60 per month.
It’s important to note 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 $1.44 while the cost per dollar of coverage for a $1,000,000, 30-year term policy is $0.74. This means that the cost per dollar of coverage decreases as the coverage amount and term length increase.
Overall, if you are a male smoker at the age of 40, the rates for ROP Term Life Insurance can vary greatly depending on the coverage amount and term length you choose. It’s important to carefully consider your options and choose the policy that best fits your needs and budget.
ROP Life Insurance Prices (Female Smokers; Age 40)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 40 | Women | Yes | $25,000 | $34 | $26 |
| 40 | Women | Yes | $50,000 | $61 | $46 |
| 40 | Women | Yes | $75,000 | $89 | $65 |
| 40 | Women | Yes | $100,000 | $116 | $85 |
| 40 | Women | Yes | $150,000 | $172 | $124 |
| 40 | Women | Yes | $200,000 | $227 | $164 |
| 40 | Women | Yes | $250,000 | $243 | $173 |
| 40 | Women | Yes | $300,000 | $290 | $206 |
| 40 | Women | Yes | $400,000 | $384 | $273 |
| 40 | Women | Yes | $500,000 | $395 | $321 |
| 40 | Women | Yes | $1,000,000 | $779 | $617 |
If you’re a 40-year-old woman looking for a return of premium term policy, the table above provides an overview of the rates you can expect. Let’s take a closer look at the rates for two different coverage amounts.
For a $50,000 policy, the 20-year term rate is $21 per month, while the 30-year term rate is $18 per month. This means that opting for a 30-year term policy could save you $3 per month, or $720 over the life of the policy. For a $200,000 policy, the 20-year term rate is $64 per month, while the 30-year term rate is $54 per month. Here, the difference is $10 per month, or $2,400 over the life of the policy.
It’s worth noting that the cost per dollar of coverage decreases as coverage amounts increase. For example, the cost per dollar of coverage for a $25,000 policy is $0.52 for a 20-year term and $0.48 for a 30-year term. However, for a $1,000,000 policy, the cost per dollar of coverage drops to $0.21 for a 20-year term and $0.19 for a 30-year term. This means that, if you’re looking for a higher coverage amount, it may be more cost-effective to opt for a longer term policy.
Overall, the rates for these policies are competitive, and the option for a return of premium can provide added peace of mind. It’s important to carefully consider your coverage needs and budget when selecting a policy.
ROP Life Insurance Prices (Female Smokers; Age 40)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 40 | Women | Yes | $25,000 | $34 | $26 |
| 40 | Women | Yes | $50,000 | $61 | $46 |
| 40 | Women | Yes | $75,000 | $89 | $65 |
| 40 | Women | Yes | $100,000 | $116 | $85 |
| 40 | Women | Yes | $150,000 | $172 | $124 |
| 40 | Women | Yes | $200,000 | $227 | $164 |
| 40 | Women | Yes | $250,000 | $243 | $173 |
| 40 | Women | Yes | $300,000 | $290 | $206 |
| 40 | Women | Yes | $400,000 | $384 | $273 |
| 40 | Women | Yes | $500,000 | $395 | $321 |
| 40 | Women | Yes | $1,000,000 | $779 | $617 |
If you’re a 40-year-old female smoker, you might be interested in the ROP life insurance prices listed in the table above. Let’s take a closer look.
Firstly, the table provides rates for coverage amounts ranging from $25,000 to $1,000,000. For example, if you’re interested in a $50,000 coverage amount, you would pay $61 per month for a 20-year term policy or $46 per month for a 30-year term policy.
Secondly, it’s worth noting that the rates differ between the 20-year and 30-year term policies. In general, the 30-year term policies have lower rates than the 20-year term policies. For example, for a $50,000 coverage amount, the rate for a 20-year term policy is $61 per month, while the rate for a 30-year term policy is $46 per month. That’s a difference of $15 per month, or $180 per year.
Thirdly, the cost per dollar of coverage varies across coverage amounts and term lengths. In general, the cost per dollar of coverage 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 $1.36, while the cost per dollar of coverage for a $1,000,000 policy is $0.78. Similarly, for a 30-year term policy, the cost per dollar of coverage for a $25,000 policy is $1.04, while the cost per dollar of coverage for a $1,000,000 policy is $0.62.
In summary, if you’re a 40-year-old female smoker looking for ROP life insurance, the rates vary depending on the coverage amount and term length. The 30-year term policies generally have lower rates than the 20-year term policies. Additionally, the cost per dollar of coverage decreases as the coverage amount increases.
