William Penn Life, 1983 (18. évfolyam, 1-4. szám)
1983-01-01 / 1. szám
How much will it cost? How much will it pay? Joint Life Annual Premiums Per $1000 Initial Insurance Amount 14% Mortgage Loan Rate Add $10 Certificate Fee Equivalent 20 Years 25 Years 30 Years Equal Age 20 $ 3.80$ 4.14 $ 4.61 21 3.87 4.26 4.76 22 3.94 4.38 4.93 23 4.03 4.51 5.12 24 4.13 4.67 5.34 25 4.26 4.83 5.58 26 4.38 5.04 5.86 27 4.54 5.27 6.16 28 4.72 5.52 29 4.93 5.81 30 5.17 6.13 31 5.43 6.49 32 5.74 6.89 33 6.09 7.34 34 6.48 7.84 35 6.91 8.41 36 7.40 9.08 37 7.94 9.87 38 8.54 10.73 39 9.29 11.67 40 10.13 12.69 41 11.04 13.81 42 12.03 15.02 43 13.12 16.34 44 14.31 17.77 45 15.60 19.32 46 17.02 21.00 47 18.57 22.83 48 20.26 24.79 49 22.09 26.91 50 24.09 29.18 51 26.25 52 28.60 53 31.15 54 33.90 55 36.87 How to determine equivalent equal age 1. Subtract five years from each female age. 2. Determine the difference between resulting ages (table below). 3. Deduct the number of years shown in table below from age of the older person (using female adjustment, if necessary). Difference in Ages Number of years to deduct from older age to determine joint equal issue age 0 to 1 year 0 2 to 3 years 1 4 to 5 years 2 6 to 8 years 3 9 to 12 years 4 13 years and up 5 TABLE OF DEATH BENEFITS Per $1000 Initial Insurance Amount 14% Mortgage Loan Rate Use For Both Single and Joint Plans Certificate Term Period Year 20 Year 25 Year 30 Year 1 $1,000$1,000 $1,000 2 991 996 998 3 979 990 995 4 966 984 992 5 951 977 989 6 934 969 985 7 915 959 980 8 892 948 975 9 866 935 969 10 836 921 961 11 801 904 953 12 762 885 944 13 716 863 933 14 664 838 921 15 604 809 907 16 535 776 890 17 456 737 871 18 364 693 850 19 260 643 825 20 139 585 796 21 518 764 22 441 726 23 353 683 24 251 633 25 135 576 26 510 27 434 28 347 29 247 30 132 ’Insurance Amount remains level throughout contract year. An example: Suppose a husband is 35 years old and a wife is 29. Using the three tables and following the instructions above we first subtract 5 years from the wife’s age 29, arriving at 24. Then, we determine the difference between the male and female age — it’s 11 years. Instructions tell us, that if the difference in ages is 9 to 12 years, to subtract 4 years from the older age. So, 35 minus 4 equals 31. That’s our joint equal age for the couple. If the couple has a $30,000 mortgage that runs 25 years, their rate for joint mortgage protection is $204.70 (30 x $6.49 = $194.70 + $10.00). For only $204.70 each year, the couple is assured that if either dies before the mortgage is paid off, the survivor receives a check from the William Penn Association for the mortgage balance. The home is kept in the family and the family is kept in the home — mortgage-free. Want more details? Call or Write: PITTSBURGH AREA AGENCY RON ABELS AGENCY 318 E. Eighth Avenue Homestead, PA 15120 412/461-0460 CLEVELAND AREA AGENCY JEFF WARD AGENCY 4600 Rockside Rd. #210 Independence, OH 44130 216/447-1045 ENN IS ALL ABOUT... WILLIAM PENN ASSOCIATION 100 Wood Street • Pittsburgh, PA 15222 • 412/281-8950
