Return of Premium Life Insurance Rates For 47-Year-Olds
- Updated: February 20, 2023
Forty-seven is an important age in life for many reasons. By this age, people have likely had considerable success in their life, from establishing a meaningful career to creating a secure financial future.
Additionally, many people at this age are starting to look more deeply inward and appreciate their life experiences more deeply. At 47 years old, people may have established even more security in their life.
They may have a larger family, with children who are more independent and in college. They may also be closer to retirement and planning for the future in that context. At 47, people may also realize the importance of life insurance.
They may have increased financial obligations and may need to provide a safety net for their children and other dependents in the event of an unexpected passing. Additionally, life insurance provides important protection against illnesses and injuries that can arise with aging. Furthermore, purchasing life insurance at this age can also be an important part of estate planning and will ensure that loved ones are provided for and final expenses are paid.
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(Note: See here for 46-year-old ROP rates or the cost of ROP term life insurance for a 48-year-old.)
Table of Contents
Male Return of Premium Rates (Age 47)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 47 | Men | No | $25,000 | $26 | $21 |
| 47 | Men | No | $50,000 | $45 | $37 |
| 47 | Men | No | $75,000 | $65 | $52 |
| 47 | Men | No | $100,000 | $85 | $68 |
| 47 | Men | No | $150,000 | $124 | $98 |
| 47 | Men | No | $200,000 | $164 | $129 |
| 47 | Men | No | $250,000 | $151 | $139 |
| 47 | Men | No | $300,000 | $180 | $165 |
| 47 | Men | No | $400,000 | $238 | $218 |
| 47 | Men | No | $500,000 | $268 | $250 |
| 47 | Men | No | $1,000,000 | $500 | $482 |
Looking at the male return of premium rates for a 47-year-old, we can see that the rates vary depending on the coverage amount and the term length. Let’s take a closer look at two coverage amounts and compare the rates for a 20-year and a 30-year term policy.
For a $100,000 coverage amount, the rate for a 20-year term policy is $85, while the rate for a 30-year term policy is $68. This represents a difference of $17 between the two term lengths. For a $500,000 coverage amount, the rate for a 20-year term policy is $268, while the rate for a 30-year term policy is $250. This represents a difference of $18 between the two term lengths.
When we look at the cost per dollar of coverage, we can see that it varies depending on the coverage amount and the term length. For example, for a $25,000 coverage amount, the rate for a 20-year term policy is $26, which represents a cost of $1.04 per dollar of coverage. However, for a $1,000,000 coverage amount, the rate for a 20-year term policy is $500, which represents a cost of $0.50 per dollar of coverage. The cost per dollar of coverage decreases as the coverage amount increases.
Overall, it’s important to carefully consider the coverage amount and term length when choosing a return of premium policy, as the rates can vary significantly.
ROP Term Life Cost (Male Smokers; Age 47)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 47 | Men | Yes | $25,000 | $69 | $48 |
| 47 | Men | Yes | $50,000 | $132 | $90 |
| 47 | Men | Yes | $75,000 | $195 | $132 |
| 47 | Men | Yes | $100,000 | $258 | $174 |
| 47 | Men | Yes | $150,000 | $384 | $258 |
| 47 | Men | Yes | $200,000 | $510 | $342 |
| 47 | Men | Yes | $250,000 | $527 | $370 |
| 47 | Men | Yes | $300,000 | $632 | $443 |
| 47 | Men | Yes | $400,000 | $840 | $589 |
| 47 | Men | Yes | $500,000 | $904 | $669 |
| 47 | Men | Yes | $1,000,000 | $1,793 | $1,298 |
For male smokers who are 47 years old, the table above shows the rates for ROP term life insurance policies with coverage ranging from $25,000 to $1,000,000. The rates vary based on the coverage amount and the term length, which can be either 20 years or 30 years.
Let’s take a closer look at the rates for two coverage amounts: $50,000 and $250,000. For a 20-year term policy with $50,000 coverage, the rate is $132, while for a 30-year term policy with the same coverage, the rate is $90. This means that the 30-year policy is cheaper than the 20-year policy by $42. Similarly, for a $250,000 coverage, the rate for a 20-year term policy is $527, while for a 30-year term policy, it is $370. Here, the difference in rates between the two term lengths is $157.
The cost per dollar of coverage also varies across coverage amounts and term lengths. For instance, for a $25,000 coverage, the cost per dollar of coverage for a 20-year term policy is $0.00276, while for a 30-year term policy, it is $0.00192. This means that the cost per dollar of coverage is cheaper for the 30-year policy. However, for a $1,000,000 coverage, the cost per dollar of coverage for a 20-year term policy is $0.00179, while for a 30-year term policy, it is $0.00130. Here, the cost per dollar of coverage is cheaper for the 20-year policy.
Overall, the rates for ROP term life insurance policies for male smokers who are 47 years old vary based on the coverage amount and the term length. It is important to carefully consider the coverage amount and the term length to find the policy that best fits one’s needs and budget.
ROP Life Insurance Prices (Female Smokers; Age 47)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 47 | Women | Yes | $25,000 | $59 | $42 |
| 47 | Women | Yes | $50,000 | $112 | $78 |
| 47 | Women | Yes | $75,000 | $165 | $113 |
| 47 | Women | Yes | $100,000 | $217 | $149 |
| 47 | Women | Yes | $150,000 | $323 | $221 |
| 47 | Women | Yes | $200,000 | $429 | $292 |
| 47 | Women | Yes | $250,000 | $437 | $325 |
| 47 | Women | Yes | $300,000 | $523 | $388 |
| 47 | Women | Yes | $400,000 | $695 | $516 |
| 47 | Women | Yes | $500,000 | $789 | $564 |
| 47 | Women | Yes | $1,000,000 | $1,528 | $1,102 |
If you’re a 47-year-old woman who doesn’t smoke, you might be interested in the Return of Premium Term Policies that are available to you. The table above shows the rates for coverage amounts ranging from $25,000 to $1,000,000 for both 20-year and 30-year terms.
Let’s say you’re interested in a $100,000 policy. The rate for a 20-year term is $64, while the rate for a 30-year term is $53. That’s a difference of $11 per year, or $220 over the life of the policy. If you’re looking for a higher coverage amount, such as $500,000, the rate for a 20-year term is $204, while the rate for a 30-year term is $190. Here, the difference is only $14 per year, or $420 over the life of the policy.
When it comes to cost per dollar of coverage, the rates generally decrease as the coverage amount increases. For example, the rate for a $25,000 policy is $21 for a 20-year term, but the rate per dollar of coverage is $0.84. For a $1,000,000 policy, the rate is $380 for a 20-year term, but the rate per dollar of coverage is only $0.38. The same trend holds true for 30-year terms.
Overall, the Return of Premium Term Policies offer a range of coverage amounts and term lengths to suit your needs. The rates are generally more affordable for longer terms and higher coverage amounts, and the cost per dollar of coverage decreases as the coverage amount increases.
ROP Life Insurance Prices (Female Smokers; Age 47)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 47 | Women | Yes | $25,000 | $59 | $42 |
| 47 | Women | Yes | $50,000 | $112 | $78 |
| 47 | Women | Yes | $75,000 | $165 | $113 |
| 47 | Women | Yes | $100,000 | $217 | $149 |
| 47 | Women | Yes | $150,000 | $323 | $221 |
| 47 | Women | Yes | $200,000 | $429 | $292 |
| 47 | Women | Yes | $250,000 | $437 | $325 |
| 47 | Women | Yes | $300,000 | $523 | $388 |
| 47 | Women | Yes | $400,000 | $695 | $516 |
| 47 | Women | Yes | $500,000 | $789 | $564 |
| 47 | Women | Yes | $1,000,000 | $1,528 | $1,102 |
If you’re a 47-year-old female smoker, you might be interested in ROP life insurance policies. Let’s take a look at the rates for different coverage amounts and term lengths.
For a $50,000 coverage amount, the rate for a 20-year term policy is $112, while the rate for a 30-year term policy is $78. That’s a difference of $34 per year. If you’re looking for a higher coverage amount, say $500,000, the rate for a 20-year term policy is $789, and the rate for a 30-year term policy is $564. That’s a difference of $225 per year.
The cost per dollar of coverage varies depending on the coverage amount and term length. For example, for a $25,000 coverage amount, the cost per dollar of coverage for a 20-year term policy is $0.00236, while the cost per dollar of coverage for a 30-year term policy is $0.00168. As the coverage amount increases, the cost per dollar of coverage decreases. For a $1,000,000 coverage amount, the cost per dollar of coverage for a 20-year term policy is $0.00153, while the cost per dollar of coverage for a 30-year term policy is $0.00110.
Overall, it’s important to consider your coverage needs and budget when choosing a policy. The rates for ROP life insurance policies vary depending on factors such as age, gender, and smoking status. It’s a good idea to shop around and compare rates from different providers to find the best policy for you.
