The Life Paid up at Age 65 Plan (LPU@65) is a variation of Whole Life insurance with fewer payments. This plan is available from ages 0 to 60. Life Paid Up at Age 65 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 want their insurance paid-up around retirement age.
An example of the annual premium (per thousand dollars of insurance coverage), plus a $50 policy fee:
$10,000 LPU@65, male at age 35:
$13.13 x 10 = $131.10 + $50 policy fee = $181.10 annual premium
Smoker rates are higher. Volume discounts apply at $25,000 and $50,000 face amounts.
Sample Rates (per $1,000)
LPU@65 (male non-smoker) |
|
Sample Rates (per $1,000)
LPU@65 (female non-smoker) |
| 5 |
$4.13 |
|
|
| 15 |
$5.75 |
|
|
| 25 |
$8.38 |
|
|
| 35 |
$13.13 |
|
|
| 45 |
$22.75 |
|
|
| 55 |
$61.50 |
|
|
| 5 |
$3.50 |
|
|
| 15 |
$4.88 |
|
|
| 25 |
$7.25 |
|
|
| 35 |
$11.63 |
|
|
| 45 |
$19.88 |
|
|
| 55 |
$54.25 |
|
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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