Return of Premium Life Insurance Rates For 45-Year-Olds
- Updated: February 20, 2023
Forty-five is an important age in life for many reasons. By this age, many people have hit professional and personal milestones, such as having a successful career, starting a family, or purchasing a home.
Additionally, 45 is a time when many people begin to take stock of their lives and realize the importance of planning for their future. Life insurance is an important part of this planning.
At 45, individuals will likely have financial obligations like a mortgage and a family that could be affected if something unexpected were to happen. Life insurance can provide a safety net to help protect the family’s future in the event of an untimely death. Additionally, life insurance can be used as an important part of estate planning to provide for loved ones and pay for final expenses when the individual passes away.
At 45, individuals are more likely to experience health issues, making it more difficult to obtain life insurance coverage. By purchasing life insurance at a younger age, such as 45, people can ensure that they are covered in the event of any unexpected illnesses or injuries. Doing this can help provide peace of mind and security for both the individual and their family.
(Note: See here for 44-year-old ROP rates or the cost of ROP term life insurance for a 46-year-old.)
Table of Contents
Male Return of Premium Rates (Age 45)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 45 | Men | No | $25,000 | $22 | $19 |
| 45 | Men | No | $50,000 | $38 | $32 |
| 45 | Men | No | $75,000 | $54 | $44 |
| 45 | Men | No | $100,000 | $70 | $57 |
| 45 | Men | No | $150,000 | $103 | $83 |
| 45 | Men | No | $200,000 | $135 | $108 |
| 45 | Men | No | $250,000 | $122 | $116 |
| 45 | Men | No | $300,000 | $146 | $138 |
| 45 | Men | No | $400,000 | $192 | $183 |
| 45 | Men | No | $500,000 | $224 | $207 |
| 45 | Men | No | $1,000,000 | $418 | $400 |
If you’re a 45-year-old man who doesn’t smoke, you can get a return of premium life insurance policy with coverage ranging from $25,000 to $1,000,000. The rates for a 20-year term policy range from $22 for $25,000 in coverage to $418 for $1,000,000 in coverage. The rates for a 30-year term policy range from $19 for $25,000 in coverage to $400 for $1,000,000 in coverage.
Let’s take a closer look at two coverage amounts to see how the rates differ between a 20-year and a 30-year term policy. For $100,000 in coverage, the rate for a 20-year term policy is $70, while the rate for a 30-year term policy is $57. That’s a difference of $13 per month. For $500,000 in coverage, the rate for a 20-year term policy is $224, while the rate for a 30-year term policy is $207. That’s a difference of $17 per month. So, we can see that the difference in rates between a 20-year and a 30-year term policy varies depending on the coverage amount.
When it comes to the cost per dollar of coverage, we can see that it varies across coverage amounts and term lengths. For example, the cost per dollar of coverage is higher for a $25,000 policy than it is for a $1,000,000 policy. This is because the fixed costs associated with issuing a policy (such as underwriting and administrative costs) are spread out over a smaller amount of coverage with a lower coverage amount. Additionally, the cost per dollar of coverage is lower for a 30-year term policy than it is for a 20-year term policy. This is because the longer term policy provides more coverage for the same fixed costs associated with issuing the policy.
ROP Term Life Cost (Male Smokers; Age 45)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 45 | Men | Yes | $25,000 | $58 | $42 |
| 45 | Men | Yes | $50,000 | $110 | $77 |
| 45 | Men | Yes | $75,000 | $162 | $113 |
| 45 | Men | Yes | $100,000 | $214 | $149 |
| 45 | Men | Yes | $150,000 | $318 | $220 |
| 45 | Men | Yes | $200,000 | $422 | $291 |
| 45 | Men | Yes | $250,000 | $444 | $314 |
| 45 | Men | Yes | $300,000 | $532 | $376 |
| 45 | Men | Yes | $400,000 | $707 | $499 |
| 45 | Men | Yes | $500,000 | $751 | $574 |
| 45 | Men | Yes | $1,000,000 | $1,482 | $1,105 |
If you’re a male smoker at the age of 45, you might be interested in ROP term life insurance. Let’s take a look at the rates for different coverage amounts and term lengths.
If you’re looking for a $50,000 coverage amount, you’ll pay $110 per month for a 20-year term policy or $77 per month for a 30-year term policy. That’s a difference of $33 per month or $396 per year. For a $500,000 coverage amount, you’ll pay $751 per month for a 20-year term policy or $574 per month for a 30-year term policy. That’s a difference of $177 per month or $2,124 per year.
The cost per dollar of coverage varies across coverage amounts and term lengths. For example, if you’re looking for a $25,000 coverage amount, you’ll pay $58 per month for a 20-year term policy or $42 per month for a 30-year term policy. That means you’ll pay $2.32 per dollar of coverage for the 20-year policy and $1.68 per dollar of coverage for the 30-year policy. As the coverage amount increases, the cost per dollar of coverage decreases. For example, for a $1,000,000 coverage amount, you’ll pay $1,482 per month for a 20-year term policy or $1,105 per month for a 30-year term policy. That means you’ll pay $1.48 per dollar of coverage for the 20-year policy and $1.11 per dollar of coverage for the 30-year policy.
ROP Life Insurance Prices (Female Smokers; Age 45)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 45 | Women | Yes | $25,000 | $52 | $37 |
| 45 | Women | Yes | $50,000 | $99 | $67 |
| 45 | Women | Yes | $75,000 | $145 | $98 |
| 45 | Women | Yes | $100,000 | $191 | $129 |
| 45 | Women | Yes | $150,000 | $283 | $190 |
| 45 | Women | Yes | $200,000 | $376 | $251 |
| 45 | Women | Yes | $250,000 | $368 | $283 |
| 45 | Women | Yes | $300,000 | $441 | $339 |
| 45 | Women | Yes | $400,000 | $586 | $449 |
| 45 | Women | Yes | $500,000 | $668 | $480 |
| 45 | Women | Yes | $1,000,000 | $1,274 | $943 |
Looking at the table above, we can see the rates for female return of premium term policies for those who are 45 years old and do not smoke. 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 $54 and the rate for a 30-year term is $44. This means that the 30-year term policy is cheaper by $10 per year. For a $500,000 policy, the rate for a 20-year term is $169 and the rate for a 30-year term is $158. In this case, the 30-year term policy is only cheaper by $11 per year.
It’s interesting to note that 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 $0.72, while for a $1,000,000 policy it is $0.32. This means that the more coverage you get, the more value you are getting for your money.
Overall, the rates for female return of premium term policies for those who are 45 years old and do not smoke are generally affordable. The difference in rates between a 20-year and 30-year term policy varies depending on the coverage amount. And as expected, the cost per dollar of coverage decreases as the coverage amount increases.
ROP Life Insurance Prices (Female Smokers; Age 45)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 45 | Women | Yes | $25,000 | $52 | $37 |
| 45 | Women | Yes | $50,000 | $99 | $67 |
| 45 | Women | Yes | $75,000 | $145 | $98 |
| 45 | Women | Yes | $100,000 | $191 | $129 |
| 45 | Women | Yes | $150,000 | $283 | $190 |
| 45 | Women | Yes | $200,000 | $376 | $251 |
| 45 | Women | Yes | $250,000 | $368 | $283 |
| 45 | Women | Yes | $300,000 | $441 | $339 |
| 45 | Women | Yes | $400,000 | $586 | $449 |
| 45 | Women | Yes | $500,000 | $668 | $480 |
| 45 | Women | Yes | $1,000,000 | $1,274 | $943 |
If you’re a female smoker aged 45, you may be interested in ROP life insurance prices. The rates for coverage amounts of $25,000 and $50,000 are $52 and $99 for a 20-year term policy, respectively. For a 30-year term policy, the rates increase to $37 and $67, respectively. This means that the difference in rates between a 20-year and a 30-year term policy is smaller for the $25,000 coverage amount than for the $50,000 coverage amount.
As for the cost per dollar of coverage, it varies across coverage amounts and term lengths. For example, the cost per dollar of coverage for a 20-year term policy is lower for the $1,000,000 coverage amount than for the $25,000 coverage amount. However, for a 30-year term policy, the cost per dollar of coverage is higher for the $1,000,000 coverage amount than for the $25,000 coverage amount. This means that the cost per dollar of coverage increases as the coverage amount and term length increase.
