Page 36 - 2022 SoFi - August Open Enrollment

EMPLOYEE LIFE INSURANCE WITH LTC COST

The rates shown below are monthly premiums for non-smokers. To request a quote, please visit:
https://sofi.yourcare360.com.

AGE $75,000 BENEFIT AMOUNT $100,000 BENEFIT AMOUNT $150,000 BENEFIT AMOUNT
20 $33.46 $43.12 $62.44
25 $37.00 $47.84 $69.52
30 $42.77 $55.53 $81.06
35 $51.77 $67.53 $99.04
40 $66.49 $87.10 $128.30
45 $88.55 $116.49 $172.37
50 $115.41 $152.27 $225.98
55 $162.50 $215.01 $320.02
60 $221.61 $293.82 $438.25

Basic Life and Accidental Death &

Dismemberment (AD&D)

SoFi provides Basic Life and Accidental Death & Dismemberment (AD&D) insurance for all benefit eligible
employees through Reliance Standard. These benefits are 100% paid by SoFi. Employees should delegate a life
beneficiary to receive the benefit in the event of your death. Beneficiaries can be designated in Workday.

BENEFIT
Life Benefit Amount 1x annual basic salary and commissions up to a maximum of $400,000
AD&D Benefit 1x annual basic salary and commissions up to a maximum of $400,000
Amount
PLAN PROVISIONS

• At age 65 – 35% reduction of your benefit
Benefit after age 65 • At age 70 – 50% reduction of your benefit
• Benefits terminate at retirement
Basic Life Should you be diagnosed as terminally ill with less than 12 months to live, you can request up to 75%
Accelerated Death of your group term life benefit in a lump sum prior to your death. The benefit paid to your beneficiary
Benefit after your death will then be reduced.
If you become totally disabled and unable to work prior to age 60, Reliance Standard will continue
Waiver of Premium your life insurance until you turn 70 without further premium payments after the first 6 months
upon approval.

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