Basic Life and AD&D

Voluntary Life and AD&D

Basic Life insurance – You receive Basic Life insurance coverage at no cost to you, and you do not need to enroll in any other health and protection program. Basic Life insures you for 2x your basic annual earnings, up to a maximum of $350,000.

Basic AD&D is included with your Basic Life coverage and provides you specified benefits for a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye). If death occurs from an accident, 100% of the AD&D benefit would be payable to your beneficiary(ies).

    Voluntary Life and AD&D

    In addition to Basic Life and AD&D, eligible employees may purchase additional Voluntary Life and AD&D insurance at favorable group rates. Participants pay 100% of the premium. Note: It is important to provide beneficiary information during the enrollment process and keep this information up to date. If you decline Voluntary Life insurance when first eligible or if you elect coverage and wish to increase your benefit amount at a later date, evidence of insurability may be required before coverage is approved.

     

    Employee/Spouse Cost

    The estimated monthly premium for employee life and AD&D insurance is determined by multiplying the desired amount of coverage (in increments of $10,000) by the employee age-range premium factor.

    The estimated monthly premium for life and AD&D insurance is determined by multiplying the desired amount of coverage (in increments of $5,000) by the employee age-range premium factor.

    Employee Age

    <25:
    25-29:
    30-34:
    35-39:
    40-44:
    45-49:
    50-54:
    55-59:
    60-64:
    65-69:
    70+:

    Employee Rate

    $0.0000940
    $0.0001080
    $0.0001330
    $0.0001450
    $0.0001580
    $0.0002200
    $0.0003210
    $0.0005730
    $0.0008630
    $0.0016300
    $0.0026240

    Spouse Rate

    $0.0001100
    $0.0001240
    $0.0001490
    $0.0001610
    $0.0001740
    $0.0002360
    $0.0003370
    $0.0005890
    $0.0008790
    $0.0016460
    N/A

    –
    Child Life Rate per $5,000:     $1.11
    Child Life Rate per $10,000:     $2.22

    Employee Rate

    <25: $0.0000940
    25-29: $0.0001080
    30-34: $0.0001330
    35-39: $0.0001450
    40-44: $0.0001580
    45-49: $0.0002200
    50-54: $0.0003210
    55-59: $0.0005730
    60-64: $0.0008630
    65-69: $0.0016300
    70+: $0.0026240–

    Spouse Rate

    <25: $0.0001100
    25-29: $0.0001240
    30-34: $0.0001490
    35-39: $0.0001610
    40-44: $0.0001740
    45-49: $0.0002360
    50-54: $0.0003370
    55-59: $0.0005890
    60-64: $0.0008790
    65-69: $0.0016460
    70+: N/A

    Child Life Rate per $5,000: $1.11
    Child Life Rate per $10,000:     $2.22