Return of Premium Life Insurance Rates For 51-Year-Olds
- Updated: March 1, 2023
At 51, people often enter a new chapter in life. By 51, many individuals have typically established a successful career, have potentially raised a family, and may have achieved personal and financial stability.
This is an important time to reflect on life accomplishments and plan for the future. For many individuals, this age is an ideal time to purchase life insurance.
At 51, people may have taken on more financial responsibilities and have begun the process of becoming financially independent and secure. Life insurance is an important part of financial security, and can help ensure family members are taken care of in the unfortunate event that something tragic ever happens. Additionally, life insurance at age 51 also allows people to cover their estate planning costs, such as funeral expenses, taxes, and legal fees.
As people age, their health can also become a more important factor when obtaining life insurance coverage. By purchasing life insurance at 51, individuals can help ensure that their coverage will continue even if their health declines. Overall, 51 is an important age in life and it is a great time to consider purchasing life insurance.
Life insurance can help ensure that individuals are financially protected in the event of an unexpected illness or death and can help ensure that loved ones are provided for in these difficult times.
(Note: See here for 50-year-old ROP rates or the cost of ROP term life insurance for a 52-year-old.)
Table of Contents
Male Return of Premium Rates (Age 51)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 51 | Men | No | $25,000 | $34 | $48 |
| 51 | Men | No | $50,000 | $61 | $89 |
| 51 | Men | No | $75,000 | $89 | $130 |
| 51 | Men | No | $100,000 | $117 | $171 |
| 51 | Men | No | $150,000 | $172 | $253 |
| 51 | Men | No | $200,000 | $227 | $335 |
| 51 | Men | No | $250,000 | $221 | $417 |
| 51 | Men | No | $300,000 | $263 | $499 |
| 51 | Men | No | $400,000 | $349 | $663 |
| 51 | Men | No | $500,000 | $381 | NA |
| 51 | Men | No | $1,000,000 | $722 | NA |
At age 51, non-smoking men can get a return of premium life insurance policy with coverage amounts ranging from $25,000 to $1,000,000. The rates for a 20-year term policy range from $34 for $25,000 coverage to $722 for $1,000,000 coverage. The rates for a 30-year term policy range from $48 for $25,000 coverage to NA for $500,000 and $1,000,000 coverage.
Let’s take a closer look at two coverage amounts: $100,000 and $250,000. For $100,000 coverage, the rate for a 20-year term policy is $117 and the rate for a 30-year term policy is $171. For $250,000 coverage, the rate for a 20-year term policy is $221 and the rate for a 30-year term policy is $417. The difference in rates between a 20-year and a 30-year term policy is $54 for $100,000 coverage and $196 for $250,000 coverage.
The cost per dollar of coverage varies across coverage amounts and term lengths. For example, the cost per dollar of coverage for a 20-year term policy is higher for lower coverage amounts and decreases as the coverage amount increases. However, for a 30-year term policy, the cost per dollar of coverage is higher for higher coverage amounts and decreases as the coverage amount decreases. This is because the longer term policy provides coverage for a longer period of time, which increases the risk for the insurer and therefore increases the cost per dollar of coverage.
ROP Term Life Cost (Male Smokers; Age 51)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 51 | Men | Yes | $25,000 | $93 | NA |
| 51 | Men | Yes | $50,000 | $180 | NA |
| 51 | Men | Yes | $75,000 | $267 | NA |
| 51 | Men | Yes | $100,000 | $354 | NA |
| 51 | Men | Yes | $150,000 | $528 | NA |
| 51 | Men | Yes | $200,000 | $702 | NA |
| 51 | Men | Yes | $250,000 | $718 | NA |
| 51 | Men | Yes | $300,000 | $860 | NA |
| 51 | Men | Yes | $400,000 | $1,144 | NA |
| 51 | Men | Yes | $500,000 | $1,295 | NA |
| 51 | Men | Yes | $1,000,000 | $2,549 | NA |
For male smokers at age 51, the table above provides the rates for ROP term life insurance policies. The rates are based on the coverage amount and term length. Let’s take a look at the rates for two coverage amounts.
For a coverage amount of $100,000, the rate for a 20-year term policy is $354, while the rate for a 30-year term policy is not available. For a coverage amount of $500,000, the rate for a 20-year term policy is $1,295, while the rate for a 30-year term policy is not available.
Unfortunately, the table does not provide rates for a 30-year term policy for all coverage amounts. However, we can see that the rates for a 20-year term policy are generally lower than the rates for a 30-year term policy. This is because the insurance company assumes less risk with a shorter term policy.
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 policy is $3.72, while the cost per dollar of coverage for a $1,000,000 policy is $2.55. This means that the cost per dollar of coverage decreases as the coverage amount increases. Additionally, we can see that the cost per dollar of coverage is generally lower for a 20-year term policy compared to a 30-year term policy.
ROP Life Insurance Prices (Female Smokers; Age 51)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 51 | Women | Yes | $25,000 | $74 | NA |
| 51 | Women | Yes | $50,000 | $142 | NA |
| 51 | Women | Yes | $75,000 | $209 | NA |
| 51 | Women | Yes | $100,000 | $277 | NA |
| 51 | Women | Yes | $150,000 | $413 | NA |
| 51 | Women | Yes | $200,000 | $548 | NA |
| 51 | Women | Yes | $250,000 | $591 | NA |
| 51 | Women | Yes | $300,000 | $708 | NA |
| 51 | Women | Yes | $400,000 | $942 | NA |
| 51 | Women | Yes | $500,000 | $1,051 | NA |
| 51 | Women | Yes | $1,000,000 | $2,083 | NA |
If you are a 51-year-old non-smoking woman looking for a return of premium term life insurance policy, you might be interested in the rates and coverage options listed in the table above. The table shows the rates for policies with coverage amounts ranging from $25,000 to $1,000,000, with both 20-year and 30-year terms available.
Let’s take a closer look at two coverage amounts: $100,000 and $500,000. For a 20-year policy with $100,000 in coverage, the rate is $91 per month. For the same coverage amount but with a 30-year policy, the rate is $171 per month. For $500,000 in coverage, the rate is $291 per month for a 20-year policy, and there is no rate listed for a 30-year policy.
As you can see, the rates for a 30-year policy are generally higher than those for a 20-year policy, but the difference in rates varies depending on the coverage amount. Additionally, the cost per dollar of coverage decreases as the coverage amount increases. For example, the cost per dollar of coverage for a 20-year policy with $25,000 in coverage is $1.08, while the cost per dollar of coverage for a 20-year policy with $1,000,000 in coverage is $0.55.
Overall, if you are a 51-year-old non-smoking woman looking for a return of premium term life insurance policy, this table provides a helpful starting point for comparing rates and coverage amounts. However, it’s important to keep in mind that individual rates may vary based on factors such as health history and lifestyle.
ROP Life Insurance Prices (Female Smokers; Age 51)
| Age | Gender | Smoker | Coverage | Rate (20-Year) | Rate (30-Year) |
|---|---|---|---|---|---|
| 51 | Women | Yes | $25,000 | $74 | NA |
| 51 | Women | Yes | $50,000 | $142 | NA |
| 51 | Women | Yes | $75,000 | $209 | NA |
| 51 | Women | Yes | $100,000 | $277 | NA |
| 51 | Women | Yes | $150,000 | $413 | NA |
| 51 | Women | Yes | $200,000 | $548 | NA |
| 51 | Women | Yes | $250,000 | $591 | NA |
| 51 | Women | Yes | $300,000 | $708 | NA |
| 51 | Women | Yes | $400,000 | $942 | NA |
| 51 | Women | Yes | $500,000 | $1,051 | NA |
| 51 | Women | Yes | $1,000,000 | $2,083 | NA |
For female smokers who are 51 years old, the ROP life insurance prices vary based on coverage amount and term length. Let’s take a look at two coverage amounts – $100,000 and $500,000.
For a $100,000 coverage amount, the rate for a 20-year term policy is $277, while the rate for a 30-year term policy is not available. For a $500,000 coverage amount, the rate for a 20-year term policy is $1,051, while the rate for a 30-year term policy is not available.
The difference in rates between a 20-year and a 30-year term policy is not available for the coverage amounts we analyzed.
Interestingly, the cost per dollar of coverage decreases as the coverage amount increases. For example, for a $100,000 coverage amount, the cost per dollar of coverage for a 20-year term policy is $0.00277, while for a $500,000 coverage amount, the cost per dollar of coverage for a 20-year term policy is $0.00210. This means that the more coverage you get, the cheaper it is per dollar of coverage.
Overall, it’s important to consider your individual needs and budget when selecting a coverage amount and term length for your ROP life insurance policy.
