Page 9 - CFA 2020 Benefits Guide
P. 9
Life Insurance Plan Options Voluntary Life Insurance
CFA provides employees Basic Life and Accidental Voluntary Life Insurance is available as follows:
Death and Dismemberment (AD&D) Coverage. • Employee: Increments of $10,000 up to $100,000
Employee paid voluntary life options are also available max
for you and your eligible dependents. • Spouse: Increments of $10,000 up to $50,000
max
All life insurance is provided by SunLife Financial. • Dependent Child: Increments of $2,500 up to
Basic Life and AD&D $25,000
Insurance Please note that the employee must elect voluntary
CFA provides you with the Basic Life and AD&D life insurance for themselves, in order to be able to
elect spousal or child voluntary life insurance.
Insurance coverage equal to $15,000.
Voluntary AD&D Coverage equals an employee’s
amount of Voluntary Life Insurance in force.
Employee—Coverage and Monthly cost for Employee Voluntary Life and AD&D
Age and Cost
Coverage <25 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75+
Amounts
$10,000 $0.92 $1.05 $1.30 $1.42 $1.54 $2.17 $3.16 $5.85 $8.51 $16.10 $25.92 $48.50
$20,000 $1.84 $2.10 $2.60 $2.84 $3.08 $4.34 $6.32 $11.30 $17.02 $32.20 $51.84 $97.00
$30,000 $2.76 $3.15 $3.90 $4.26 $4.62 $6.51 $9.48 $16.95 $25.53 $48.30 $77.76 $145.50
$40,000 $3.68 $4.20 $5.20 $5.68 $6.16 $8.68 $12.64 $22.60 $34.04 $64.40 $103.68 $194.00
$50,000 $4.60 $5.25 $6.50 $7.10 $7.70 $10.85 $15.80 $28.25 $42.55 $80.50 $129.60 $242.50
$60,000 $5.52 $6.30 $7.80 $8.52 $9.24 $13.02 $18.95 $33.90 $51.06 $96.60 $155.52 $291.00
$70,000 $6.44 $7.35 $9.10 $9.94 $10.78 $15.19 $22.12 $39.55 $59.57 $112.70 $181.44 $339.50
$80,000 $7.36 $8.40 $10.40 $11.36 $12.32 $17.39 $25.28 $45.20 $68.08 $128.80 $207.36 $388.00
$90,000 $8.28 $9.45 $11.70 $12.78 $13.86 $19.53 $28.44 $50.85 $76.59 $144.90 $233.28 $436.50
$100,000 $9.20 $10.50 $13.00 $14.20 $15.40 $21.70 $31.60 $56.50 $85.10 $161.00 $259.20 $485.00
Spouse—Coverage and Monthly Cost for Spouse Voluntary Life
Age and Cost
Coverage Amounts <25 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
$10,000 $0.62 $0.75 $1.00 $1.12 $1.24 $1.87 $2.86 $5.35 $8.21 $15.80
$20,000 $1.24 $1.50 $2.00 $2.24 $2.48 $3.74 $5.72 $10.70 $18.42 $31.60
$30,000 $1.86 $2.25 $3.00 $3.36 $3.72 $5.61 $8.58 $16.05 $24.63 $47.40
$40,000 $2.48 $3.00 $4.00 $4.48 $4.96 $7.48 $11.44 $21.40 $32.84 $63.20
$50,000 $3.10 $3.75 $5.00 $5.60 $6.20 $9.35 $14.30 $26.75 $41.05 $79.00
Child—Coverage and Monthly Cost
Coverage Amounts Voluntary Life Cost
$2,500 $0.50
$5,000 $1.00
$7,500 $1.50
$10,000 $2.00
$12,500 $2.50
$15,000 $3.00
$17,500 $3.50
$20,000 $4.00
$22,500 $4.50
$25,000 $5.00
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CFA provides employees Basic Life and Accidental Voluntary Life Insurance is available as follows:
Death and Dismemberment (AD&D) Coverage. • Employee: Increments of $10,000 up to $100,000
Employee paid voluntary life options are also available max
for you and your eligible dependents. • Spouse: Increments of $10,000 up to $50,000
max
All life insurance is provided by SunLife Financial. • Dependent Child: Increments of $2,500 up to
Basic Life and AD&D $25,000
Insurance Please note that the employee must elect voluntary
CFA provides you with the Basic Life and AD&D life insurance for themselves, in order to be able to
elect spousal or child voluntary life insurance.
Insurance coverage equal to $15,000.
Voluntary AD&D Coverage equals an employee’s
amount of Voluntary Life Insurance in force.
Employee—Coverage and Monthly cost for Employee Voluntary Life and AD&D
Age and Cost
Coverage <25 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75+
Amounts
$10,000 $0.92 $1.05 $1.30 $1.42 $1.54 $2.17 $3.16 $5.85 $8.51 $16.10 $25.92 $48.50
$20,000 $1.84 $2.10 $2.60 $2.84 $3.08 $4.34 $6.32 $11.30 $17.02 $32.20 $51.84 $97.00
$30,000 $2.76 $3.15 $3.90 $4.26 $4.62 $6.51 $9.48 $16.95 $25.53 $48.30 $77.76 $145.50
$40,000 $3.68 $4.20 $5.20 $5.68 $6.16 $8.68 $12.64 $22.60 $34.04 $64.40 $103.68 $194.00
$50,000 $4.60 $5.25 $6.50 $7.10 $7.70 $10.85 $15.80 $28.25 $42.55 $80.50 $129.60 $242.50
$60,000 $5.52 $6.30 $7.80 $8.52 $9.24 $13.02 $18.95 $33.90 $51.06 $96.60 $155.52 $291.00
$70,000 $6.44 $7.35 $9.10 $9.94 $10.78 $15.19 $22.12 $39.55 $59.57 $112.70 $181.44 $339.50
$80,000 $7.36 $8.40 $10.40 $11.36 $12.32 $17.39 $25.28 $45.20 $68.08 $128.80 $207.36 $388.00
$90,000 $8.28 $9.45 $11.70 $12.78 $13.86 $19.53 $28.44 $50.85 $76.59 $144.90 $233.28 $436.50
$100,000 $9.20 $10.50 $13.00 $14.20 $15.40 $21.70 $31.60 $56.50 $85.10 $161.00 $259.20 $485.00
Spouse—Coverage and Monthly Cost for Spouse Voluntary Life
Age and Cost
Coverage Amounts <25 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
$10,000 $0.62 $0.75 $1.00 $1.12 $1.24 $1.87 $2.86 $5.35 $8.21 $15.80
$20,000 $1.24 $1.50 $2.00 $2.24 $2.48 $3.74 $5.72 $10.70 $18.42 $31.60
$30,000 $1.86 $2.25 $3.00 $3.36 $3.72 $5.61 $8.58 $16.05 $24.63 $47.40
$40,000 $2.48 $3.00 $4.00 $4.48 $4.96 $7.48 $11.44 $21.40 $32.84 $63.20
$50,000 $3.10 $3.75 $5.00 $5.60 $6.20 $9.35 $14.30 $26.75 $41.05 $79.00
Child—Coverage and Monthly Cost
Coverage Amounts Voluntary Life Cost
$2,500 $0.50
$5,000 $1.00
$7,500 $1.50
$10,000 $2.00
$12,500 $2.50
$15,000 $3.00
$17,500 $3.50
$20,000 $4.00
$22,500 $4.50
$25,000 $5.00
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