Page 11 - Guide
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Age Category Rate per $10,000 of Coverage 2016–2017 Beneits Enrollment
Under 25 $0.73
25–29 $0.79
30–34 $1.07
35–39 $1.58
40–44 $2.41
45–49 $3.75
50–54 $5.53
55–59 $7.92
60–64 $10.19
65–69 $14.50
70–74 $27.41
75+ $84.74
Age Category Rate per $5,000 of Spousal Coverage
Under 25 $0.39
25–29 $0.42
30–34 $0.57
35–39 $0.82
40–44 $1.23
45–49 $1.910
50–54 $2.84
55–59 $4.19
60–64 $5.80
65–69 $8.26
70–74 $15.63
75+ $48.30
To determine the monthly premium for voluntary life coverage, follow these simple
steps.
1. Determine the amount of insurance you want to purchase
2. Using the table, determine the rate based on your age
3. Use the formula following to calculate your monthly premium amount:
Coverage amount/10,000 x rate = monthly premium
Example: 45 year old elects to purchase $100,000 of voluntary life insurance.
$100,000/10,000 X $3.75 = $37.50.
Child life rate is $0.75 per $2,000 of coverage.
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Under 25 $0.73
25–29 $0.79
30–34 $1.07
35–39 $1.58
40–44 $2.41
45–49 $3.75
50–54 $5.53
55–59 $7.92
60–64 $10.19
65–69 $14.50
70–74 $27.41
75+ $84.74
Age Category Rate per $5,000 of Spousal Coverage
Under 25 $0.39
25–29 $0.42
30–34 $0.57
35–39 $0.82
40–44 $1.23
45–49 $1.910
50–54 $2.84
55–59 $4.19
60–64 $5.80
65–69 $8.26
70–74 $15.63
75+ $48.30
To determine the monthly premium for voluntary life coverage, follow these simple
steps.
1. Determine the amount of insurance you want to purchase
2. Using the table, determine the rate based on your age
3. Use the formula following to calculate your monthly premium amount:
Coverage amount/10,000 x rate = monthly premium
Example: 45 year old elects to purchase $100,000 of voluntary life insurance.
$100,000/10,000 X $3.75 = $37.50.
Child life rate is $0.75 per $2,000 of coverage.
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