10 Pay Life is a variation of Whole Life insurance with fewer payments. This permanent plan features lifetime insurance protection, strong guarantees, cash/loan values, reduced paid-up insurance options, dividends and some flexibility. Purchasers of this plan like the short payment period (10 years), after which the policy is paid-up for life.
An example of the annual premium (per thousand dollars of insurance coverage), plus a $50 policy fee:
$10,000 10 Pay Life, male at age 35:
$33.25 x 10 = $332.50 + $50 policy fee = $382.50 annual premium
Smoker rates are higher. Volume discounts apply at $25,000 and $50,000 face amounts.
Sample Rates: per $1,000
10 Pay Life (male non-smoker) |
|
Sample Rates: per $1,000
10 Pay Life (female non-smoker) |
| 5 |
$15.50 |
|
|
| 15 |
$19.50 |
|
|
| 25 |
$25.25 |
|
|
| 35 |
$33.25 |
|
|
| 45 |
$45.00 |
|
|
| 55 |
$61.50 |
|
|
| 65 |
$85.00 |
|
|
| 75 |
$118.00 |
|
|
| 5 |
$14.00 |
|
|
| 15 |
$17.50 |
|
|
| 25 |
$23.13 |
|
|
| 35 |
$30.75 |
|
|
| 45 |
$40.75 |
|
|
| 55 |
$54.25 |
|
|
| 65 |
$73.00 |
|
|
| 75 |
$97.38 |
|
Looking for a rate but don’t see it listed? Contact your Lodge secretary or sales agent, or phone the SNPJ Home Office at 1-800-843-7675 (1-800-THE SNPJ). |
|
