Preferred (Lowest Rate)
Standard (Average Rate)
Graded (Higher Risk)
Estimated Monthly Rate
function calculateSNRate() {
var age = parseFloat(document.getElementById('sn_age').value);
var coverage = parseFloat(document.getElementById('sn_coverage').value);
var gender = document.getElementById('sn_gender').value;
var tobacco = document.getElementById('sn_tobacco').value;
var plan = document.getElementById('sn_health').value;
var resultBox = document.getElementById('sn_result_box');
var rateDisplay = document.getElementById('sn_rate_display');
var detailsDisplay = document.getElementById('sn_details');
if (isNaN(age) || isNaN(coverage) || age <= 0 || coverage <= 0) {
alert('Please enter a valid age and coverage amount.');
return;
}
if (age 90) {
alert('Security National rates are typically calculated for ages 40 to 90.');
return;
}
// Logic based on actuarial trends for Security National Final Expense products
// Base rate per $1000 of coverage
var baseRate = 0;
// Simplified Age-Based Algorithm
if (age < 50) baseRate = 2.50;
else if (age < 60) baseRate = 4.75;
else if (age < 70) baseRate = 8.20;
else if (age < 80) baseRate = 15.50;
else baseRate = 28.00;
// Apply Multipliers
var multiplier = 1.0;
// Gender adjustments
if (gender === 'male') multiplier *= 1.25;
// Tobacco adjustments
if (tobacco === 'smoker') multiplier *= 1.40;
// Plan adjustments
if (plan === 'standard') multiplier *= 1.20;
if (plan === 'graded') multiplier *= 1.50;
// Policy Fee (Standard for SNL)
var monthlyPolicyFee = 4.00;
// Final Monthly Rate Calculation: (Base Rate * Multiplier * (Coverage / 1000)) + Policy Fee
var monthlyPremium = (baseRate * multiplier * (coverage / 1000)) + monthlyPolicyFee;
// Formatting result
rateDisplay.innerText = '$' + monthlyPremium.toFixed(2);
detailsDisplay.innerHTML = 'Parameters Used:' +
'Plan: ' + plan.charAt(0).toUpperCase() + plan.slice(1) + ' | ' +
'Age: ' + age + ' | ' +
'Gender: ' + gender.charAt(0).toUpperCase() + gender.slice(1) + ' | ' +
'Status: ' + (tobacco === 'smoker' ? 'Tobacco User' : 'Non-Tobacco');
resultBox.style.display = 'block';
}
Understanding the Security National Rate Structure
Finding the right final expense or whole life insurance policy requires understanding how the Security National Rate is determined. Security National Life Insurance Company specializes in simplified issue products, which means your rates are calculated based on your current age, health status, and lifestyle choices rather than a rigorous medical exam.
Key Factors Influencing Your Rate
Security National utilizes a specific matrix to determine monthly premiums. The primary variables include:
Issue Age: Rates generally increase significantly every 5 years. Locking in a rate at a younger age ensures lower lifetime costs.
Health Qualification: Security National typically offers three tiers:
Preferred: For individuals with minor or no health issues.
Standard: For those with common managed conditions like high blood pressure or diabetes.
Graded/Modified: For higher-risk applicants with more serious health histories.
Tobacco Status: Smokers and tobacco users can expect to pay between 30% to 50% more than non-tobacco users due to increased actuarial risk.
Face Value: The total coverage amount (usually ranging from $2,500 to $50,000) directly scales the base rate.
Example Security National Calculation
To see how the math works, consider a 65-year-old non-smoking female looking for $10,000 in coverage under the "Preferred" plan:
Base Rate: At age 65, the base rate might be $6.50 per $1,000.
Multiplier: As a non-smoking female, the multiplier remains 1.0.
Face Amount Calculation: 10 (units of $1,000) x $6.50 = $65.00.
Policy Fee: Adding a monthly maintenance fee of $4.00 brings the total to $69.00 per month.
Why Use a Rate Calculator?
Using a dedicated Security National Rate calculator helps you budget for funeral costs and final expenses without needing to consult a manual rate book. By adjusting the coverage amount, you can find a monthly premium that fits your fixed income while ensuring your family is protected from the financial burden of end-of-life expenses.
Note: These calculations are estimates based on standard Security National Life tables. Actual premiums are subject to underwriting approval and specific state regulations.