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How much does it cost?

The VRS Optional Group Life insurance program provides additional life insurance protection at attractive group rates. Premiums for the employee and the spouse are based on the age of the insured person and increase with age. The rates shown are for each $1,000 of insurance.

       
1. Your coverage amount = _____________
2. Divide your coverage amount by 1,000 =

_____________

$1,000 increments of coverage

3. From the table below, find the rate that corresponds with your age =

_____________

Rate from table

    x

_____________

Answer from #2

    = Your monthly insurance premium

Optional Life - Employee, Retiree and Spouse

Monthly rate per $1,000 of coverage

Age Rates
Under 30 $0.05
30-34 $0.05
35-39 $0.06
40-44 $0.09
45-49 $0.14
50-54 $0.20
55-59 $0.33
60-64 $0.65
65-69 $1.15
70 and over $2.06

Rates are subject to change. Employee and Spouse rates increase with age.

Child(ren) rates

One premium covers all children; there is no per-child rate.

     
Option 1 $10,000 $0.80 / month
Option 2 $10,000 $0.80 / month
Option 3 $20,000 $1.60 / month
Option 4 $3,000 $2.40 / month