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Juvenile Insurance Rates
The Union of Poles in America offers the Children of our members very low insurance rates such as our Single Premium Insurance Plan. This is a $2000.00 minimum plan with one payment due; for instance a newborn baby’s premium for a $2000.00 policy would be $180.72. For a child 5 years old the premium would be $201.64 and a 10-year-old child’s premium would be $235.42.
Of course, if one would take out a larger policy the cost could be spread over a one- year period. For instance the premium for a one year old $5000.00 policy is $451.80, which could be paid in 4 quarterly payments of $112.95, the premium for a 5 year old is $504.10 or $126.02 quarterly. The 10-year-olds premium is $588.55 or $147.14 quarterly.
These are the rates for the Single Premium Insurance Plan, per each thousand dollars of insurance.
| AGE AT ISSUE |
GROSS PREMIUM |
AGE AT ISSUE |
GROSS PREMIUM |
| 0 |
90.36 |
8 |
110.35 |
| 1 |
88.74 |
9 |
113.93 |
| 2 |
91.46 |
10 |
117.71 |
| 3 |
94.41 |
11 |
121.65 |
| 4 |
97.52 |
12 |
125.70 |
| 5 |
100.82 |
13 |
129.83 |
| 6 |
103.80 |
14 |
133.96 |
| 7 |
106.97 |
15 |
138.07 |
The Minimum purchase amount is $1,000.00
The death benefit is level and is payable at death.
Dividends are payable at the end of the second year.
Male and Female rates are the same.
Certificate loans are available.
Members are entitled to all fraternal benefits of the society.
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