Health Care & Benefits Division

2023 & 2024 Life Insurance Rates  

 

Coverage Type

Monthly Premium Rate

Basic Life Insurance ($14,000 Coverage)

$0.00 (included when enrolled on Medical benefits)
$0.63 for Retirees without Medicare

Employee Supplemental Life Insurance 

(every $1,000 of coverage) x (Age Rate*)

Spouse Supplemental Life Insurance  (every $1,000 of coverage) x (Age Rate*)
Dependent Life Insurance Option A - Spouse/Child $0.44 per month
Dependent Life Insurance Option B - Spouse/Child $0.88 per month
Accidental Death & Dismemberment Insurance - Employee Only $0.02 / $1,000 of coverage
Accidental Death & Dismemberment Insurance - Employee Plus Dependents $0.03 / $1,000 of coverage

 

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…… $0.019
  • 30-34…… $0.033
  • 35-39…… $0.052
  • 40-44…… $0.065
  • 45-49…… $0.098
  • 50-54…… $0.151
  • 55-59…… $0.282
  • 60-64…… $0.433
  •     65+…… $0.644

*Once coverage is effective, rates change the first of the month following attainment of age based on above rate schedule. 

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