Page 12 - NTNSC Benefit Guide 2020
P. 12
Voluntary Life / AD&D Insurance:
The Hartford
Employee Life / AD&D Spouse Life / AD&D Child Life Monthly Cost per
AGE Monthly Cost per $1,000 of Monthly Cost per $1,000 of $2,500 of Face Amount ALL
Face Amount Face Amount Eligible Children to Age 25
Under 30 .07 .07 .50
30 - 34 .09 .09
35 - 39 .14 .14
40 - 44 .23 .23
45 - 49 .35 .35
50 - 54 .55 .55
55 - 59 1.0 1.0
60 - 64 1.5 1.5
65 - 69 2.24 2.24
70 - 74 3.85 3.85
75 - 79 10.17 10.17
80—84 15.93 15.93
85-89 25.14 25.14
90-94 45.89 45.89
96-110 50.90 50.90
Employee’s are responsible for paying the cost of voluntary life coverage through payroll deduction. Calculate the cost by dividing
the amount of voluntary life insurance by 1,000 (or 2,500 for child(ren) and multiply by the appropriate rate above. Follow the
example for a 35 year old below to determine your monthly cost. This example provides $100,000 of Basic Life and AD&D. Benefits
reduce 50% at age 70.
Example amount Divided by 1,000 Multiplied by rate of 35 year Example Monthly Cost
of Insurance old
$100,000 100 .14 $14
To find the per pay period cost, follow the example below.
Example amount Monthly Cost Multiplied by 12 Months Annual Cost Divided by 26
of Insurance Pay Periods
$100,000 $14 168 6.46
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