Estimate your monthly premiums for Final Expense and Burial Insurance.
Please check your inputs. Age must be between 40 and 90, and coverage between $2,000 and $35,000.
Female
Male
Non-Smoker
Smoker
Preferred (Excellent Health)
Standard (Minor Health Issues)
Graded (Serious Health Issues)
Estimated Quote
Monthly Premium:$0.00
Annual Cost:$0.00
*Note: This calculator provides an estimation based on general actuarial data for final expense products similar to those offered by Security National Life. Actual rates depend on specific underwriting guidelines, state of residence, and the specific policy plan chosen (Simple Security, Security Care, etc.).
function calculateSNLRate() {
// Get Input Values
var ageInput = document.getElementById('applicantAge').value;
var gender = document.getElementById('applicantGender').value;
var tobacco = document.getElementById('tobaccoUse').value;
var coverageInput = document.getElementById('coverageAmount').value;
var plan = document.getElementById('planType').value;
var errorDiv = document.getElementById('errorMessage');
var resultDiv = document.getElementById('results');
// Parse Numbers
var age = parseInt(ageInput);
var coverage = parseFloat(coverageInput);
// Validation Logic
if (isNaN(age) || isNaN(coverage)) {
errorDiv.style.display = 'block';
resultDiv.style.display = 'none';
errorDiv.innerText = "Please enter valid numbers for Age and Coverage Amount.";
return;
}
// SNL Final Expense typically caters to 40-90 or 0-85 depending on product.
// We will limit to reasonable actuarial bounds for calculation safety.
if (age 95) {
errorDiv.style.display = 'block';
resultDiv.style.display = 'none';
errorDiv.innerText = "Age must be between 0 and 95.";
return;
}
if (coverage 50000) {
errorDiv.style.display = 'block';
resultDiv.style.display = 'none';
errorDiv.innerText = "Coverage amount is typically between $2,000 and $35,000 for final expense products.";
return;
}
errorDiv.style.display = 'none';
// Actuarial Calculation Simulation for Final Expense
// Base Rate Factor per $1000 of coverage for a base age (e.g. 0)
// Real final expense logic is roughly exponential relative to age.
// Formula Model: Rate = Base * (GrowthFactor ^ Age) * GenderMod * TobaccoMod * HealthMod
var baseRatePer1k = 0.45; // Starting coefficient
var ageGrowthFactor = 1.058; // Mortality cost grows roughly 5-6% per year
// Calculate Raw Rate per $1000 based on Age
// We use (Age – 20) to normalize the curve, assuming minimal cost below 20
var effectiveAge = age < 20 ? 20 : age;
var ageMultiplier = Math.pow(ageGrowthFactor, (effectiveAge – 20));
// Gender Modifier (Males pay more)
var genderMod = (gender === 'male') ? 1.28 : 1.0;
// Tobacco Modifier (Smokers pay more)
var tobaccoMod = (tobacco === 'yes') ? 1.45 : 1.0;
// Health Plan Modifier
// Preferred is cheapest, Standard is base, Graded is expensive (often due to high risk)
var healthMod = 1.0;
if (plan === 'preferred') {
healthMod = 0.85;
} else if (plan === 'standard') {
healthMod = 1.0;
} else if (plan === 'graded') {
healthMod = 1.6; // Graded plans are significantly higher
}
// Policy Fee (Annualized administrative fee, usually around $35-$40, split monthly)
var policyFeeMonthly = 3.00;
// Calculate Base Premium per $1000
var ratePer1000 = baseRatePer1k * ageMultiplier * genderMod * tobaccoMod * healthMod;
// Ensure a minimum rate floor (actuarial minimum)
if (ratePer1000 < 0.50) ratePer1000 = 0.50;
// Total Calculation
var totalMonthly = ((ratePer1000 * (coverage / 1000)) + policyFeeMonthly);
// Rounding
var monthlyFinal = Math.round(totalMonthly * 100) / 100;
var annualFinal = Math.round((monthlyFinal * 12) * 100) / 100;
// Update DOM
document.getElementById('monthlyResult').innerText = "$" + monthlyFinal.toFixed(2);
document.getElementById('annualResult').innerText = "$" + annualFinal.toFixed(2);
resultDiv.style.display = 'block';
}
Understanding Security National Life Insurance Rates
Security National Life (SNL) specializes in "Final Expense" and "Pre-Need" insurance solutions. These policies are designed primarily to cover funeral costs, cremation services, and other end-of-life expenses. Unlike traditional term life insurance which may require medical exams, Security National Life often uses simplified underwriting.
When calculating rates for Security National Life products, several specific factors influence the premium you will pay. Understanding these can help you choose the right coverage amount for your budget.
Key Factors Influencing Your Premium
Age: Rates for final expense insurance differ significantly based on age. Premiums are "locked in" at the age you purchase the policy. Buying coverage at age 60 is significantly cheaper than waiting until age 75.
Coverage Amount (Face Value): Security National Life typically offers lower face amounts compared to term life, usually ranging from $2,000 up to $30,000 or $35,000. This is specifically tailored for burial costs.
Health Class (Plan Type):
Preferred: For individuals in excellent health with no major medical history.
Standard: For individuals with controlled common conditions (e.g., high blood pressure).
Graded/Modified: For individuals with serious health issues. These plans usually have a waiting period (often 2 years) before the full death benefit is payable for non-accidental death.
Tobacco Use: Nicotine users generally pay 30% to 50% more than non-users due to the higher mortality risk associated with smoking.
How Final Expense Plans Work
The rates calculated above are estimates for "Whole Life" final expense policies. This means:
Fixed Premiums: Your rate will never increase as long as you pay the premiums.
Permanent Coverage: The policy does not expire (unlike term insurance) as long as premiums are paid.
Cash Value: These policies accumulate a small cash value over time that can be borrowed against in emergencies.
Frequently Asked Questions
Does Security National Life require a medical exam?
Generally, no. Most Security National Life final expense policies are "simplified issue." This means qualification is based on answers to health questions on the application and a check of prescription history, rather than a physical medical exam.
What is the difference between Preferred and Graded plans?
A Preferred plan offers immediate full coverage from day one and has the lowest rates. A Graded plan is designed for high-risk applicants; it usually costs more and limits the death benefit to a return of premiums plus interest if the insured passes away from natural causes during the first two years.
Can I get coverage if I smoke?
Yes, Security National Life offers coverage to smokers, though the rates will be higher than for non-smokers. It is important to be truthful about tobacco use during the application process to ensure the claim is paid out correctly.