Determining the cost
To determine the monthly cost of your life insurance, please see the rate tables below.
Group term life
| 1. | Your annual salary | = | _____________ |
| 2. | Choose the salary multiple of one to seven times your annual salary | = | _____________ Group Term Life multiple |
| 3. | Multiply your annual salary by your Group Term Life multiple and round to the next higher thousand | = | _____________ Coverage amount |
| 4. | Divide your coverage amount by 1,000 | = | _____________ $1,000 increments of coverage |
| 5. | From the table below, find the rate that corresponds with your age | = | _____________ Rate from table |
| X | _____________ Answer from #4 | ||
| = | Your monthly insurance premium |
|---|
Employee & spouse/domestic partner group term life
Monthly rates per $1,000
| Age | General Rate (nicotine) | Preferred Rate (non-nicotine) | |
|---|---|---|---|
| Under 30 | $0.087 | $0.049 | |
| 30-34 | $0.117 | $0.065 | |
| 35-39 | $0.131 | $0.072 | |
| 40-44 | $0.154 | $0.076 | |
| 45-49 | $0.232 | $0.115 | |
| 50-54 | $0.374 | $0.166 | |
| 55-59 | $0.698 | $0.311 | |
| 60-64 | $0.985 | $0.520 | |
| 65-69 | $1.896 | $1.001 | |
| Over 70 | $2.809 | $1.750 |
Voluntary accidental death & dismemberment (AD&D) monthly cost
| Coverage amount | Employee only | Family plan |
|---|---|---|
| $25,000 | $0.45 | $0.73 |
| $50,000 | $0.90 | $1.45 |
| $75,000 | $1.35 | $2.18 |
| $100,000 | $1.80 | $2.90 |
| $125,000 | $2.25 | $3.63 |
| $150,000 | $2.70 | $4.35 |
| $175,000 | $3.15 | $5.08 |
| $200,000 | $3.60 | $5.80 |
| $225,000 | $4.05 | $6.53 |
| $250,000 | $4.50 | $7.25 |
| $275,000 | $4.95 | $7.98 |
| $300,000 | $5.40 | $8.70 |
| $325,000 | $5.85 | $9.43 |
| $350,000 | $6.30 | $10.15 |
Child Term Life
$10,000 coverage for each eligible child is $0.86 per month.
$20,000 coverage for each eligible child is $1.72 per month.