The Life Paid up at Age 55 Plan (LPU@55) is a variation of Whole Life insurance with fewer payments. This plan is available from ages 0 to 50. Life Paid Up at Age 55 is a permanent plan featuring lifetime insurance protection, strong guarantees, cash/loan values, reduced paid-up insurance options and dividends. Several riders are available, including accidental death benefit and waiver of premium. This plan works best for people who don’t want to pay insurance premiums their entire life.
An example of the annual premium (per thousand dollars of insurance coverage), plus a $50 policy fee:
$10,000 LPU@55, male at age 35:
$16.13 x 10 = $161.30 + $50 policy fee = $211.30 annual premium
Smoker rates are higher. Volume discounts apply at $25,000 and $50,000 face amounts.
Sample Rates (per $1,000)
LPU@55 (male non-smoker) |
|
Sample Rates (per $1,000)
LPU@55 (female non-smoker) |
| 5 |
$4.63 |
|
|
| 15 |
$6.38 |
|
|
| 25 |
$9.88 |
|
|
| 35 |
$16.13 |
|
|
| 45 |
$45.00 |
|
|
| 5 |
$4.00 |
|
|
| 15 |
$5.50 |
|
|
| 25 |
$8.88 |
|
|
| 35 |
$14.50 |
|
|
| 45 |
$40.75 |
|
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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