Affordable term life insurance policy. Life Insurance, William Penn Association

Permanent Life Insurance Contracts

A William Penn Association Ordinary Life Plan offers you the greatest amount of insurance protection for the lowest premium. It is a plan designed to help you meet your financial goals while providing security for your loved ones. Whole life insurance rates.

This plan can be suited to your financial needs, both present and future. You select the schedule of premium payments-annual, semi-annual, quarterly or monthly-which is most beneficial for you. Plus, with its good cash value growth, this plan can be an important source of income later on.

This plan also offers “banded” premiums. Put simply, the more insurance you buy, the lower your premium rate per $1,000 of insurance.

Ordinary Life Seniors Special - Issue Ages 56-90

This special Ordinary Life Seniors Special plan was developed for seniors with underwriting risks accepted at standard rates through Table 4 ratings.

Benefits are offered per annual premium units of $200.00 and $400.00 using five (5) year age groups with issue ages 56 through 90 nearest birthday.

Single Premium Whole Life- Issue Ages 0-95

Here's a plan which allows you to purchase a fully paid-up whole life insurance plan for one lump sum payment. This is how it works for you:

One payment is made. No future payments are necessary.

The policy is fully paid-up.

Rates are low due to higher interest rate assumptions.

Almost the entire premium paid is created as cash value and is available as loan collateral in the first year.

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Cash value continues to increase annually even though you pay no additional premiums.

Dividends are anticipated at the end of the second policy year.

This plan offers protection and security for you and your family through its versatile policy provisions.

Throughout your life a William Penn Association Single Premium Whole Life Plan provides instant and growing savings through the policy's cash values. These guaranteed cash values mean you will have:

emergency cash available for low interest loans

money for your retirement years.

After your death, the policy will provide your beneficiary with financial security.

This lifetime of protection and security for you and your family is available for only one, low premium.

A William Penn Association 20 Pay Life Plan offers you the greatest amount of insurance protection. Premiums are payable for 20 years or until the death of the insured, if earlier. It offers higher non-forfeiture values due to the limited premium paying period. You select the schedule of premium payments -- annual, semi-annual, quarterly or monthly -- which is most beneficial for you.

This plan also offers “banded” premiums. Put simply, the more insurance you buy, the lower your premium rate per $1,000 of insurance.

The Life Paid Up at Age 65 plan is an excellent way to maintain a lifetime of insurance protection for you and your loved ones while paying premiums only during your income earning years. Premiums are payable to age 65.

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The issue ages for Male/Female-Nonsmokers are 0 through 60 (nearest birthday). The issue ages for Male/Female Smokers are 16 through 60 (nearest birthday).

The intended minimum face amount of insurance is $5,000 for ages 0 through 54 and $2,000 for ages 55 through 60. This plan offers “banded" premiums which means the more insurance you buy, the lower the premium rate per $1,000 of insurance.

Almost Guaranteed Issue Special - Issue Ages 21-55

This Almost Guaranteed Issue Special plan was developed for issue ages 21 through 55 with attractive discounted premium rates and a choice of using the Ordinary Life or Life Paid Up at Age 65 insurance plan

The issue ages for the Ordinary Life insurance plan are 21-55.

The issue ages for the Life Paid Up at Age 65 plan are 21-45.

These special plans are sold with (banded) face amounts of insurance of $10,000, $15,000, 20,000 and $25,000 with ten (10) year age groupings nearest birthday.

This special plan can be issued at standard rates up to a Table 4 rating using a regular life application. This plan will not be issued at rated premiums above Table 4.

Term Life Insurance Contracts

Single Premium Juvenile Term - Special - Issue Ages 0-21

Your child will be protected today and tomorrow. Our Single Premium Juvenile Term to Age 25 provides valuable life insurance benefits. This plan also gives your child a solid start toward financial security.

This plans gives $10,000 insurance protection with coverage doubled to $20,000 at no additional cost until age 25. This is our two for one plan. The maximum issue ages are 0 through 21.

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Annual Premium Juvenile Term - Special - Issue Ages 0-21

Your child will be protected today and tomorrow. Our Annual Premium Juvenile Term to Age 25 provides valuable life insurance benefits. This plan also gives your child a solid start toward financial security.

This plans gives $10,000 insurance protection with coverage doubled to $20,000 at no additional cost until age 25. This is our two for one plan. The maximum issue ages are 0 through 21. Premium is $25 annually until age 25.

This special “Young Adult Term Plan” was developed for issue ages 20 through 40 with a death benefit of $20,000 (1 Unit). A maximum of three (3) units may be obtained, subject to normal underwriting rules. The death benefit is level and premiums are level and payable for 20 years. There is no certificate fee. Benefits are offered on an annual premium paying basis or a one-time payment option can be granted. Rates do not vary by issue age.

A William Penn Association Yearly Renewable Term Plan offers you a low-cost means of beginning a plan of protection or of enhancing your current insurance coverage when your family's needs may be the greatest.

With this flexible plan, you can keep your coverage as long as you feel is necessary by renewing your policy annually. Or, at renewal time, you can convert your coverage to any permanent plan of life insurance then being offered by the Association.

10 Year Renewable & Convertible Term - Issue Ages 16-65

This plan offers you valuable insurance protection at very affordable rates. The death benefit is level and premiums are level and payable for ten years. At the end of each ten year period, benefits may be renewed at the option of the insured upon payment of premium applicable to their nearest age.

This is a level term insurance contract. The death benefit is level for the duration of the contract. Premiums are level for the initial period of 10, 20 or 30 years only. At the end of the initial term period, premiums increase annually (to age 95) based on the table of annual renewal premiums in the contract.