Page 17 - Pump Down Specialist Benefit Guide 9-1-2024

Life / AD&D Insurance:

Principal Life Insurance

Employee Life / AD&D Spouse Life / AD&D Child Life / AD&D
AGE Per Pay Period Cost per Per Pay Period Cost per $1,000 Per Pay Period Cost for
$10,000 Benefit on ALL
$1,000 of Face Amount of Face Amount
Eligible Children to Age 26
Spouse Age Based on
Monthly Monthly Monthly
Employees Age
0-19 $0138 $0138 $2.00

20-24 $0138 $0138 $2.00

25 - 29 $0138 $0138 $2.00

30 - 34 $0.150 $0.150 N/A

35 - 39 $0.212 $0.212 N/A

40 - 44 $0.328 $0.328 N/A

45 - 49 $0.491 $0.491 N/A

50 - 54 $0.785 $0.785 N/A

55 - 59 $1.955 $1.955 N/A

60 - 64 $1.681 $1.681 N/A

65 - 69 $3.082 $3.082 N/A

70 - 74 $5.075 $5.075 N/A

75 - 79 $5.075 $5.075 N/A

80 + $5.075 $5.075 N/A

Your rate will be calculated when you go through the online enrollment process.

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. Follow the example for a 35 year old below to determine your monthly cost. This example
provides $100,000 of Basic Life and additional $100,000 AD&D for Total of $200,000. Rates are the same for smokers or non-smokers, males or females and
employees or spouses.

Example amount
of Insurance Divided by 1,000 Multiplied by rate of 35 year old Example Cost

$100,000 / 1000 = 100 X $0.212 $21.20

Example amount Divided by 1,000 Multiplied by rate of 45 year Example Cost
old
$100,000 / 1000 = 100 X $0.491 $49.10

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