Page 21 - 2018 Sulzer (EMS) Benefit Guide
P. 21
Sulzer
You can calculate your voluntary life and AD&D insurance coverage as
follows.
X Determine the amount of insurance you want to purchase
X Using the rate table below, determine the rate based on your age
X Use the following formula to calculate your monthly premium amount
Y Coverage amount/1,000 × rate = monthly premium
X Example: 45 year old elects to purchase $100,000 of voluntary
life insurance
Y $100,000/1,000 × $0.190 = $19.00; the amount of
premium equals $19 per month
Voluntary Life Insurance—Rates per Month per
$1,000 of Coverage
Age Range Employee/Spouse
Under 30 $0.08
30–34 $0.10
35–39 $0.12
40–44 $0.13
45–49 $0.19
50–54 $0.29
55–59 $0.56
60–64 $0.86
65–69 $1.59
70 or More $2.58
Dependent Child Life $0.10
Voluntary AD&D Insurance—Rates per Month per
$1,000 of Coverage
Employee Only $0.025
Employee + Family $0.040
21
You can calculate your voluntary life and AD&D insurance coverage as
follows.
X Determine the amount of insurance you want to purchase
X Using the rate table below, determine the rate based on your age
X Use the following formula to calculate your monthly premium amount
Y Coverage amount/1,000 × rate = monthly premium
X Example: 45 year old elects to purchase $100,000 of voluntary
life insurance
Y $100,000/1,000 × $0.190 = $19.00; the amount of
premium equals $19 per month
Voluntary Life Insurance—Rates per Month per
$1,000 of Coverage
Age Range Employee/Spouse
Under 30 $0.08
30–34 $0.10
35–39 $0.12
40–44 $0.13
45–49 $0.19
50–54 $0.29
55–59 $0.56
60–64 $0.86
65–69 $1.59
70 or More $2.58
Dependent Child Life $0.10
Voluntary AD&D Insurance—Rates per Month per
$1,000 of Coverage
Employee Only $0.025
Employee + Family $0.040
21
