Page 19 - 2023 Employee Benefits Guide
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Monthly cost for supplemental life coverage
Age Bracket $10,000 The cost per $10,000 is based on the age brackets shown to the left.
The rates for supplemental life insurance for your coverage and your
<30 0.83 spouse’s coverage are based on the amount of coverage selected and
30-34 1.00 your age at the time of enrollment. Your cost for coverage will change
35-39 1.10 at the beginning of the plan year during which you reach a new
40-44 1.37 age bracket.
45-49 2.00 To determine your cost, divide the amount you wish to purchase by
10,000, and then multiply that by the rate shown in your age bracket
50-54 3.08
below. For example, if you are 45 and wish to purchase $100,000, that is
55-59 4.79 10 increments x $2.20 which equates to a monthly premium of $22.00.
60-64 8.30 You can also see the premium cost in Workday when you make your
benefit elections.
65-69 14.33
70+ 32.06
Dependent term life insurance
You have the option to purchase dependent term life insurance of
$10,000 for your dependent child(ren) up to age 26, with no medical
underwriting. The monthly cost is $1.00 and covers each of your
eligible child(ren) up to the age of 26.
Record your life insurance beneficiary
To record your life insurance beneficiary, log in to Workday and click on
the “Benefits & Wellness” worklet. Then click “Change Your Benefits” and
select “Beneficiary Change” as the Benefit Event Type. Follow the
Workday help text to complete this task.
Aflac cancer insurance
Aflac insurance can help offset the financial burden that may occur with
cancer diagnosis and treatment. This is an optional benefit and you pay
the premium through a payroll deduction. Our Aflac cancer insurance
includes reimbursement for an annual cancer wellness screening,
financial benefits for a first cancer occurrence, certain treatments, and a
daily hospital stay, as well as a specified disease benefit. Request an
Aflac brochure or refer to your Aflac policy for benefit information,
limitations, and restrictions.
You can enroll in this benefit as a new hire during your first 31 days of
employment, or as a current employee during open enrollment and in
the event of a qualifying change in status. You may purchase a policy for
yourself, your spouse, and your dependent child(ren) under age 26.
Contact HRBenefits for enrollment information and/or to request
enrollment changes.
Employee Benefits Guide 15