Single Premium Whole Life (SPWL) is a one-time payment plan. This permanent plan features lifetime insurance protection, strong guarantees, increasing cash/loan values and dividends. Those who purchase this plan like making a one-time payment and then having a
paid-up policy for life. Many parents and grandparents purchase this plan for their children and grandchildren.
An example of the one-time premium (per thousand dollars of insurance coverage), plus a $50 policy fee:
$10,000 Single Premium Whole Life, male newborn:
$61.14 x 10 = $611.40 + $50 policy fee = $661.40 annual premium
Smoker rates are slightly higher.
Sample Rates (per thousand)
Male non-smoker SPWL |
|
Sample Rates (per thousand)
Female non-smoker SPWL |
Issue
Age |
One-time
Premium |
| 0 |
$61.14 |
|
|
| 5 |
$72.36 |
|
|
| 15 |
$104.06 |
|
|
| 25 |
$144.74 |
|
|
| 35 |
$204.00 |
|
|
| 45 |
$288.41 |
|
|
| 55 |
$400.10 |
|
|
| 65 |
$534.61 |
|
|
| 75 |
$678.77 |
|
|
Issue
Age |
One-time
Premium |
| 0 |
$51.88 |
|
|
| 5 |
$61.72 |
|
|
| 15 |
$88.77 |
|
|
| 25 |
$126.72 |
|
|
| 35 |
$181.00 |
|
|
| 45 |
$256.65 |
|
|
| 55 |
$356.47 |
|
|
| 65 |
$476.93 |
|
|
| 75 |
$615.54 |
|
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). |
|
