Return of Premium Life Insurance Rates For 50-Year-Olds
- Updated: February 20, 2023
At fifty years old, many individuals are considered to be at a significant point in life. They have experienced many major milestones such as establishing a career, retired from work, built a home and started a family.
This is also a time when people begin to reflect on the remaining years of their life, and plan for the future. At this age, many people have established important financial goals and are beginning to save for retirement.
Life insurance can play an important role in helping to achieve those goals by providing a safety net for the future. With life insurance, individuals can be reassured that their family and financial goals will be met in the event of an unexpected death or illness. Additionally, age fifty is a time when many people are supporting dependents, such as paying for college tuition or ongoing medical expenses.
Life insurance can help provide financial security for loved ones who rely on the insured to meet their needs. By purchasing life insurance coverage at this age, individuals can help ensure that their loved ones will be taken care of in the event of an unexpected death. At fifty, individuals are also at a stage in life where they may already be experiencing health issues.
By purchasing life insurance policies while they are young and healthy, they can help ensure that they have adequate coverage if their health deteriorates in the future. In conclusion, turning fifty is an important age in life, as individuals are often forced to reflect on the time that is left for them and plan for their future. Life insurance is an important tool for providing a safety net for loved ones and helping to achieve future financial goals.
(Note: See here for 49-year-old ROP rates or the cost of ROP term life insurance for a 51-year-old.)
Table of Contents
Male Return of Premium Rates (Age 50)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 50 | Men | No | $25,000 | $32 | $26 |
| 50 | Men | No | $50,000 | $58 | $47 |
| 50 | Men | No | $75,000 | $83 | $67 |
| 50 | Men | No | $100,000 | $109 | $87 |
| 50 | Men | No | $150,000 | $160 | $128 |
| 50 | Men | No | $200,000 | $212 | $168 |
| 50 | Men | No | $250,000 | $202 | $180 |
| 50 | Men | No | $300,000 | $242 | $215 |
| 50 | Men | No | $400,000 | $320 | $284 |
| 50 | Men | No | $500,000 | $351 | $333 |
| 50 | Men | No | $1,000,000 | $656 | $639 |
If you are a 50-year-old male non-smoker looking for a return of premium policy, you might be interested in the rates listed in the table above. Let’s take a closer look.
First, let’s choose two coverage amounts and compare the rates for each. If you are looking for $50,000 in coverage, you can expect to pay $58 per month for a 20-year term policy or $47 per month for a 30-year term policy. If you need more coverage, say $500,000, the rates increase to $351 per month for a 20-year term policy and $333 per month for a 30-year term policy.
Now let’s compare the rates for the two coverage amounts we just looked at. For the $50,000 coverage amount, the difference between the 20-year and 30-year term policies is $11 per month. For the $500,000 coverage amount, the difference is only $18 per month. This means that the difference in rates between the two term lengths is relatively small, especially for larger coverage amounts.
Finally, let’s look at the cost per dollar of coverage. For the $50,000 coverage amount, the cost per dollar of coverage is higher for the 20-year term policy ($0.00116 per dollar of coverage per month) than for the 30-year term policy ($0.00094 per dollar of coverage per month). However, for the $500,000 coverage amount, the cost per dollar of coverage is actually lower for the 20-year term policy ($0.00070 per dollar of coverage per month) than for the 30-year term policy ($0.00067 per dollar of coverage per month). This suggests that the cost per dollar of coverage can vary depending on the coverage amount and term length.
Overall, if you are a 50-year-old male non-smoker looking for a return of premium policy, it is important to carefully consider your coverage needs and term length in order to find the best rate for your situation.
ROP Term Life Cost (Male Smokers; Age 50)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 50 | Men | Yes | $25,000 | $86 | $57 |
| 50 | Men | Yes | $50,000 | $166 | $108 |
| 50 | Men | Yes | $75,000 | $245 | $160 |
| 50 | Men | Yes | $100,000 | $325 | $211 |
| 50 | Men | Yes | $150,000 | $484 | $313 |
| 50 | Men | Yes | $200,000 | $644 | $416 |
| 50 | Men | Yes | $250,000 | $657 | $455 |
| 50 | Men | Yes | $300,000 | $787 | $545 |
| 50 | Men | Yes | $400,000 | $1,047 | $724 |
| 50 | Men | Yes | $500,000 | $1,170 | $805 |
| 50 | Men | Yes | $1,000,000 | $2,312 | $1,581 |
The table above shows the cost of ROP Term Life insurance for male smokers at 50 years of age. The rates are presented for coverage amounts ranging from $25,000 to $1,000,000 and for both 20-year and 30-year term policies.
Let’s take a closer look at the rates for two coverage amounts. For a coverage amount of $100,000, the rate for a 20-year policy is $325, while the rate for a 30-year policy is $211. For a coverage amount of $500,000, the rate for a 20-year policy is $1,170, while the rate for a 30-year policy is $805. As we can see, the rates for a 30-year policy are generally lower than those for a 20-year policy.
The cost per dollar of coverage varies across coverage amounts and term lengths. For example, for a coverage amount of $25,000, the cost per dollar of coverage for a 20-year policy is $0.0034, while for a 30-year policy, it is $0.0023. However, for a coverage amount of $1,000,000, the cost per dollar of coverage for a 20-year policy is $0.0023, while for a 30-year policy, it is $0.0016. As we can see, the cost per dollar of coverage decreases as the coverage amount increases and the term length increases.
In conclusion, the rates for ROP Term Life insurance for male smokers at 50 years of age vary based on coverage amounts and term lengths. The rates for a 30-year policy are generally lower than those for a 20-year policy. The cost per dollar of coverage decreases as the coverage amount increases and the term length increases.
ROP Life Insurance Prices (Female Smokers; Age 50)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 50 | Women | Yes | $25,000 | $69 | $49 |
| 50 | Women | Yes | $50,000 | $131 | $91 |
| 50 | Women | Yes | $75,000 | $193 | $134 |
| 50 | Women | Yes | $100,000 | $256 | $177 |
| 50 | Women | Yes | $150,000 | $381 | $262 |
| 50 | Women | Yes | $200,000 | $506 | $347 |
| 50 | Women | Yes | $250,000 | $544 | $374 |
| 50 | Women | Yes | $300,000 | $651 | $447 |
| 50 | Women | Yes | $400,000 | $866 | $594 |
| 50 | Women | Yes | $500,000 | $970 | $682 |
| 50 | Women | Yes | $1,000,000 | $1,918 | $1,312 |
If you’re a 50-year-old non-smoking woman looking for a return of premium term policy, you have a variety of coverage options to choose from. Let’s take a look at the rates for a few different coverage amounts and term lengths.
For a $100,000 policy, you can expect to pay $84 per month for a 20-year term or $70 per month for a 30-year term. That’s a difference of $14 per month, or $168 per year. If you opt for a $500,000 policy, the rates increase to $268 per month for a 20-year term and $251 per month for a 30-year term. The difference in rates is now only $17 per month, or $204 per year.
When it comes to cost per dollar of coverage, the rates decrease as the coverage amount increases. For example, a $25,000 policy costs $25 per month, which is $1 per $1,000 of coverage. But a $1,000,000 policy costs $500 per month, which is only $0.50 per $1,000 of coverage. The same trend holds true for term length – the longer the term, the lower the cost per dollar of coverage.
Overall, it’s important to carefully consider your coverage needs and budget when selecting a return of premium term policy. With a variety of coverage amounts and term lengths available, you’re sure to find a policy that meets your needs.
ROP Life Insurance Prices (Female Smokers; Age 50)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 50 | Women | Yes | $25,000 | $69 | $49 |
| 50 | Women | Yes | $50,000 | $131 | $91 |
| 50 | Women | Yes | $75,000 | $193 | $134 |
| 50 | Women | Yes | $100,000 | $256 | $177 |
| 50 | Women | Yes | $150,000 | $381 | $262 |
| 50 | Women | Yes | $200,000 | $506 | $347 |
| 50 | Women | Yes | $250,000 | $544 | $374 |
| 50 | Women | Yes | $300,000 | $651 | $447 |
| 50 | Women | Yes | $400,000 | $866 | $594 |
| 50 | Women | Yes | $500,000 | $970 | $682 |
| 50 | Women | Yes | $1,000,000 | $1,918 | $1,312 |
If you’re a female smoker at the age of 50, you might be interested in knowing the prices for ROP life insurance coverage. Let’s take a look at the rates for different coverage amounts and term lengths.
For a coverage amount of $50,000, the rate for a 20-year term policy is $131, while the rate for a 30-year term policy is $91. That’s a difference of $40 per year. If you’re looking for a higher coverage amount of $500,000, the rate for a 20-year term policy is $970, while the rate for a 30-year term policy is $682. The difference in rates for this coverage amount is $288 per year.
As for the cost per dollar of coverage, it varies across coverage amounts and term lengths. For example, for a coverage amount of $25,000, the cost per dollar of coverage is higher for a 20-year term policy ($0.00276) than for a 30-year term policy ($0.00196). However, for a coverage amount of $1,000,000, the cost per dollar of coverage is lower for a 20-year term policy ($0.001918) than for a 30-year term policy ($0.001312).
Overall, it’s important to consider your specific needs and budget when choosing a coverage amount and term length for your ROP life insurance policy.
