Health Care & Benefits Division

 

Life Insurance Rates 

 

2022 Life Insurance Rates

Coverage Type

Monthly Premium Rate

Basic Life - $14,000 Life Coverage

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

Employee Supplemental Life

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

Spouse Supplemental Life (every $1,000 of coverage) x (Age Rate*)
Dependent Life - Spouse/Child $0.44 per month
Accidental Death & Dismemberment - Employee Only $0.02 / $1,000 of coverage
Accidental Death & Dismemberment - Employee Plus Dependents $0.03 / $1,000 of coverage
2022 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. 

 

2023 Life Insurance Rates

Coverage Type

Monthly Premium Rate

Basic Life - $14,000 Life Coverage

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

Employee Supplemental Life

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

Spouse Supplemental Life (every $1,000 of coverage) x (Age Rate*)
Dependent Life Option A - Spouse/Child $0.44 per month
Dependent Life Option B - Spouse/Child $0.88 per month
Accidental Death & Dismemberment - Employee Only $0.02 / $1,000 of coverage
Accidental Death & Dismemberment - Employee Plus Dependents $0.03 / $1,000 of coverage
2023 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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