Page 11 - 2015 New Hire Guide
P. 11
Olshan Properties Corporate
Voluntary Life Rate Chart
Employee and Spouse* (Rates are based on Employee’s age) Short Term
Age Rate/$1,000 Disability
0-29 $0 .08
30-34 $0 .09
35-39 $0 .11
40-44 $0 .17
45-49 $0 .30
50-54 $0 .49
55-59 $0 .76
60-64 $1 .19
65-69 $2 .14
70-74 $3 .83
75-79 $6 .31
80+ $12 .78
Child
$0 .14
* Please note spouse coverage terminates when the employee attains age 70 (regardless of
the spouse’s actual age) .
To determine the monthly premium for voluntary life coverage, follow
these simple steps
X Determine the amount of insurance you want to purchase
X Using the table, determine the rate based on your age
X Use the formula following to calculate your monthly premium
amount
Coverage Amount/1,000 x Rate = Monthly Premium
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Voluntary Life Rate Chart
Employee and Spouse* (Rates are based on Employee’s age) Short Term
Age Rate/$1,000 Disability
0-29 $0 .08
30-34 $0 .09
35-39 $0 .11
40-44 $0 .17
45-49 $0 .30
50-54 $0 .49
55-59 $0 .76
60-64 $1 .19
65-69 $2 .14
70-74 $3 .83
75-79 $6 .31
80+ $12 .78
Child
$0 .14
* Please note spouse coverage terminates when the employee attains age 70 (regardless of
the spouse’s actual age) .
To determine the monthly premium for voluntary life coverage, follow
these simple steps
X Determine the amount of insurance you want to purchase
X Using the table, determine the rate based on your age
X Use the formula following to calculate your monthly premium
amount
Coverage Amount/1,000 x Rate = Monthly Premium
11
