I think this is posted in the correct spot. That being said, it is my experience that each Lodge is different. I am a member of a Lodge that buys a Lifetime Membership and Jewel. Then my other Lodge buys just an endowed membership for the Past Master.
I do want to build on this question though. I have seen PMs that have non regulation aprons, in the Law Book it states,
Art. 273 ...In addition to using the Past Master’s
aprons now being worn, it shall be permissible for Past Masters to
wear aprons with the same design and insignia as provided for the
Worshipful Master, but the addition of the Arc (or Quadrant) under
the points of the Compasses would be optional.
What does "In addition to using the Past Master's aprons now being worn" mean? Is that saying there is no regulation to the PM aprons because the regulations are in addition to the old requirements which are not listed?? This confuses me.