Return of Premium Life Insurance Rates For 42-Year-Olds
- Updated: February 26, 2023
Forty-two can be considered an important age in life for several reasons. It is often an age of transition when people are entering their peak earning years but also recognizing the importance of planning for the future.
By this age, many people have established a career, may have a family, and may have started to build a financial foundation for their future. At 42, people may also begin to think more seriously about their own mortality and the importance of life insurance.
Life insurance provides financial protection in the event of an unexpected death and can provide a safety net to help ensure that their loved ones are taken care of. It also helps to cover any final expenses that may arise and can provide much-needed peace of mind knowing that their family will be taken care of. Additionally, stated term life insurance policies may be less expensive at this age before health issues start to set in.
The ability to obtain coverage may also be easier because people at age 42 are in generally good health, providing them with more options for life insurance coverage. Therefore, 42 can be an important age in life and an age where people should consider obtaining life insurance to ensure their family is protected.
(Note: See here for 41-year-old ROP rates or the cost of ROP term life insurance for a 43-year-old.)
Table of Contents
Male Return of Premium Rates (Age 42)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 42 | Men | No | $25,000 | $18 | $16 |
| 42 | Men | No | $50,000 | $30 | $25 |
| 42 | Men | No | $75,000 | $41 | $35 |
| 42 | Men | No | $100,000 | $53 | $45 |
| 42 | Men | No | $150,000 | $77 | $64 |
| 42 | Men | No | $200,000 | $100 | $83 |
| 42 | Men | No | $250,000 | $93 | $89 |
| 42 | Men | No | $300,000 | $111 | $105 |
| 42 | Men | No | $400,000 | $146 | $138 |
| 42 | Men | No | $500,000 | $171 | $160 |
| 42 | Men | No | $1,000,000 | $318 | $305 |
If you’re a 42-year-old non-smoking man looking for a return of premium life insurance policy, the table above provides a breakdown of rates for various coverage amounts and term lengths. 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 $53, while the rate for a 30-year term policy is $45. This means that the 30-year term policy is cheaper by $8 per month.
If you’re looking for a higher coverage amount, say $500,000, the rate for a 20-year term policy is $171, while the rate for a 30-year term policy is $160. The difference in rates between the two term lengths is $11 per month, with the 30-year term policy being cheaper.
It’s worth noting that the cost per dollar of coverage decreases as the coverage amount increases. For example, the rate per dollar of coverage for a $25,000 policy is $0.72 for a 20-year term and $0.64 for a 30-year term. However, for a $1,000,000 policy, the rate per dollar of coverage is $0.32 for a 20-year term and $0.31 for a 30-year term.
In summary, the rates for return of premium life insurance policies vary based on coverage amount and term length. Choosing a longer term length can result in lower rates, and the cost per dollar of coverage decreases as the coverage amount increases.
ROP Term Life Cost (Male Smokers; Age 42)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 42 | Men | Yes | $25,000 | $44 | $35 |
| 42 | Men | Yes | $50,000 | $83 | $63 |
| 42 | Men | Yes | $75,000 | $121 | $92 |
| 42 | Men | Yes | $100,000 | $159 | $120 |
| 42 | Men | Yes | $150,000 | $235 | $178 |
| 42 | Men | Yes | $200,000 | $312 | $235 |
| 42 | Men | Yes | $250,000 | $332 | $249 |
| 42 | Men | Yes | $300,000 | $397 | $298 |
| 42 | Men | Yes | $400,000 | $527 | $395 |
| 42 | Men | Yes | $500,000 | $572 | $461 |
| 42 | Men | Yes | $1,000,000 | $1,131 | $887 |
Looking at the table, we can see the rates for ROP term life insurance for male smokers at age 42. The rates vary based on coverage amount and term length. Let’s take a closer look.
For coverage amounts, let’s choose $100,000 and $500,000. For $100,000 coverage, the rate for a 20-year term is $159 and for a 30-year term, it is $120. For $500,000 coverage, the rate for a 20-year term is $572 and for a 30-year term, it is $461. We can see that the rate for a 30-year term is lower than that of a 20-year term for both coverage amounts.
When we compare the cost per dollar of coverage across coverage amounts and term lengths, we can see that the cost per dollar of coverage decreases as the coverage amount increases. For example, for a 20-year term, the cost per dollar of coverage for $25,000 is $1.76, while for $1,000,000 coverage, it is $1.13. Similarly, for a 30-year term, the cost per dollar of coverage for $25,000 is $1.40, while for $1,000,000 coverage, it is $0.89.
In conclusion, the rates for ROP term life insurance for male smokers at age 42 vary based on coverage amount and term length. The cost per dollar of coverage decreases as the coverage amount increases, and the rate for a 30-year term is lower than that of a 20-year term.
ROP Life Insurance Prices (Female Smokers; Age 42)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 42 | Women | Yes | $25,000 | $41 | $30 |
| 42 | Women | Yes | $50,000 | $76 | $55 |
| 42 | Women | Yes | $75,000 | $111 | $79 |
| 42 | Women | Yes | $100,000 | $146 | $103 |
| 42 | Women | Yes | $150,000 | $216 | $152 |
| 42 | Women | Yes | $200,000 | $286 | $200 |
| 42 | Women | Yes | $250,000 | $292 | $218 |
| 42 | Women | Yes | $300,000 | $349 | $260 |
| 42 | Women | Yes | $400,000 | $463 | $345 |
| 42 | Women | Yes | $500,000 | $499 | $387 |
| 42 | Women | Yes | $1,000,000 | $966 | $753 |
Looking at the table above, we can see the rates for female return of premium term policies for a 42-year-old non-smoker. The rates vary based on coverage amount and term length. Let’s take a closer look at two coverage amounts and compare the rates for each term length.
For a $100,000 coverage amount, the rate for a 20-year term policy is $42, while the rate for a 30-year term policy is $35. This means that the rate for a 30-year term policy is lower than the rate for a 20-year term policy. On the other hand, for a $500,000 coverage amount, the rate for a 20-year term policy is $130, while the rate for a 30-year term policy is $123. This means that the rate for a 30-year term policy is slightly lower than the rate for a 20-year term policy.
When we compare the cost per dollar of coverage across different coverage amounts and term lengths, 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 $0.60, while the cost per dollar of coverage for a $1,000,000 coverage amount is $0.23. Additionally, the cost per dollar of coverage decreases as the term length increases. For example, the cost per dollar of coverage for a $100,000 coverage amount for a 20-year term policy is $0.42, while the cost per dollar of coverage for a 30-year term policy is $0.35.
Overall, it’s important to consider your individual needs and budget when choosing a coverage amount and term length for a return of premium term policy.
ROP Life Insurance Prices (Female Smokers; Age 42)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 42 | Women | Yes | $25,000 | $41 | $30 |
| 42 | Women | Yes | $50,000 | $76 | $55 |
| 42 | Women | Yes | $75,000 | $111 | $79 |
| 42 | Women | Yes | $100,000 | $146 | $103 |
| 42 | Women | Yes | $150,000 | $216 | $152 |
| 42 | Women | Yes | $200,000 | $286 | $200 |
| 42 | Women | Yes | $250,000 | $292 | $218 |
| 42 | Women | Yes | $300,000 | $349 | $260 |
| 42 | Women | Yes | $400,000 | $463 | $345 |
| 42 | Women | Yes | $500,000 | $499 | $387 |
| 42 | Women | Yes | $1,000,000 | $966 | $753 |
If you are a 42-year-old female smoker looking for life insurance, the above table provides you with the rates for different coverage amounts and term lengths. Let’s say you are interested in getting coverage for $50,000 or $500,000. For the former, the 20-year term policy will cost you $76 and the 30-year term policy will cost $55. This means that you will pay $21 less per year for the 30-year term policy. For the latter, you will pay $499 per year for a 20-year term policy and $387 per year for a 30-year term policy. Here, the difference in rates is $112 per year.
It is worth noting that the cost per dollar of coverage decreases as the coverage amount increases. For example, for the $25,000 coverage amount, you will pay $41 per year for a 20-year term policy, which translates to $1.64 per $1,000 of coverage. However, for the $1,000,000 coverage amount, you will pay $966 per year for a 20-year term policy, which translates to $0.97 per $1,000 of coverage. This means that you will pay less per $1,000 of coverage as you increase the coverage amount.
Similarly, the cost per dollar of coverage decreases as the term length increases. For example, for the $50,000 coverage amount, you will pay $76 per year for a 20-year term policy, which translates to $1.52 per $1,000 of coverage. However, for the 30-year term policy, you will pay $55 per year, which translates to $1.10 per $1,000 of coverage. This means that you will pay less per $1,000 of coverage as you increase the term length.
In summary, the rates for life insurance for 42-year-old female smokers vary depending on the coverage amount and term length. The cost per dollar of coverage decreases as the coverage amount and term length increase. Therefore, it is important to consider your coverage needs and budget when choosing a policy.
