Graded Benefit Whole Life is a policy designed for those in less than perfect health. This plan allows someone who may not normally qualify for an insurance policy to purchase a permanent plan of insurance. We can do this by limiting the death benefit to 25% of the face amount should death occur in year one, 50% in year two, 75% in year three and 100% in year four and beyond.
Graded Benefit Whole Life features lifetime insurance protection, strong guarantees, cash/loan values, reduced paid-up insurance options and dividends.
An example of the annual premium (per thousand dollars of insurance coverage), plus a $50 policy fee:
$10,000 Graded Benefit Whole Life, male at age 35:
$16.13 x 10 = $161.30 + $50 policy fee = $211.30 annual premium
Smoker rates are slightly higher.
Sample Rates (per $1,000)
Graded Benefit Whole Life
(male non-smoker) |
|
Sample Rates (per $1,000)
Graded Benefit Whole Life
(female non-smoker) |
| 5 |
$4.40 |
|
|
| 15 |
$5.92 |
|
|
| 25 |
$8.09 |
|
|
| 35 |
$14.58 |
|
|
| 45 |
$26.13 |
|
|
| 55 |
$45.10 |
|
|
| 65 |
$80.85 |
|
|
| 75 |
$151.25 |
|
|
| 5 |
$3.72 |
|
|
| 15 |
$4.96 |
|
|
| 25 |
$7.29 |
|
|
| 35 |
$12.65 |
|
|
| 45 |
$22.00 |
|
|
| 55 |
$35.75 |
|
|
| 65 |
$60.50 |
|
|
| 75 |
$107.25 |
|
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). |
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