Page 11 - 2025 Hanover Management Services - Benefit Guide

Voluntary Life / AD&D:

MetLife

Child Life
Employee Life / AD&D Spouse Life / AD&D
Pay Period Cost per
Pay Period Cost per $1,000 Pay Period Cost per $1,000 $1,000 Benefit per Unit
Benefit Benefit
(Unit may be more than one child)

Under 20 $ 0.04 $ 0.04 $ 0.13

20—24 $ 0.04 $ 0.04 $ 0.13

25—29 $ 0.04 $ 0.04 n/a

30—34 $ 0.05 $ 0.05 n/a

35—39 $ 0.06 $ 0.06 n/a

40—44 $ 0.06 $ 0.06 n/a

45—49 $ 0.10 $ 0.10 n/a

50—54 $ 0.14 $ 0.14 n/a

55—59 $ 0.25 $ 0.25 n/a

60—64 $ 0.39 $ 0.39 n/a

65—69 $ 0.73 $ 0.73 n/a

70—100 $2.11 $2.11 n/a

Employees 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 and multiply by the appropriate rate above. Below is an example of your monthly cost.

Example amount Divided by 1,000 Multiplied by rate for Example Monthly Cost
of Insurance a 37 year old

$100,000 / 1000 = 100 X 0.127 $12.70
To find the per pay period cost, follow the example below.

Example amount Monthly Cost Multiplied by 12 Annual Cost Divided by
of Insurance Months 26 Pay Periods

$100,000 $12.70 X 12 =$152.40 $5.86

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