Life Insurance Rates
2019/2020 Rates
|
Plans
|
Monthly Premiums
|
|
Basic Life - $14,000 Life Coverage
|
$0.00 (included when enrolled on Medical benefits)
$1.90 for Retirees under age 65 without Medicare
|
|
Employee Supplemental Life
|
(every $1,000 of coverage) x (Age Rate*)
|
|
AD&D - Employee Only
|
$0.02 / $1,000 of coverage
|
|
AD&D - Employee and Dependents
|
$0.03 / $1,000 of coverage
|
| Spouse Supplemental Life |
(every $1,000 of coverage) x (Age Rate*) |
| Dependent Life |
$0.44 per month |
Age Rates for Employee and Spouse Supplemental Life
Based on employee’s age on the last day of the month coverage becomes effective.
- 0-29…… $0.021
- 30-34…… $0.036
- 35-39…… $0.057
- 40-44…… $0.071
- 45-49…… $0.107
- 50-54…… $0.164
- 55-59…… $0.307
- 60-64…… $0.471
- 65+…… $0.700
*Once coverage is effective, rates change the first of the month following attainment of age based on above rate schedule.