Page 13 - NH NC Guide
P. 13
Monthly Cost of Coverage
You pay a monthly premium for each $1,000 of coverage. Your premium for
yourself is based on your age at time of employment and will not increase until the
next enrollment period regardless of having a birthday which takes you to the next
age band.
The following age reduction schedule applies to basic employee and dependent life
insurance as well as voluntary employee and spouse life insurance and voluntary
employee and spouse AD&D coverage.
X 65 percent of original amount at age 70
X 50 percent of original amount at age 75
For coverage to be effective for yourself, your spouse, and/or
dependent children, you must be actively at work on the day your
coverage is effective. Your spouse and dependent child(ren) must be
performing the task of a similarly situated spouse (children). If not,
coverage will not be effective until you return to active employment or
your spouse and/or children are performing normal duties.
Employee Life Spouse Life Monthly Child Life Monthly
Age Monthly Step Rates Step Rates per Rate
per $10,000 $5,000
< 25 $0.726 $0.400
25–29 $0.795 $0.440
30–34 $1.063 $0.595
35–39 $1.572 $0.855
40–44 $2.393 $1.290
45–49 $3.741 $2.010 $0.748 per $2,000
50–54 $5.512 $2.985
55–59 $7.897 $4.395
60–64 $10.187 $6.080
65–69 $14.472 $8.670
70–74 $27.380 $16.395
75+ $84.637 $50.685
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You pay a monthly premium for each $1,000 of coverage. Your premium for
yourself is based on your age at time of employment and will not increase until the
next enrollment period regardless of having a birthday which takes you to the next
age band.
The following age reduction schedule applies to basic employee and dependent life
insurance as well as voluntary employee and spouse life insurance and voluntary
employee and spouse AD&D coverage.
X 65 percent of original amount at age 70
X 50 percent of original amount at age 75
For coverage to be effective for yourself, your spouse, and/or
dependent children, you must be actively at work on the day your
coverage is effective. Your spouse and dependent child(ren) must be
performing the task of a similarly situated spouse (children). If not,
coverage will not be effective until you return to active employment or
your spouse and/or children are performing normal duties.
Employee Life Spouse Life Monthly Child Life Monthly
Age Monthly Step Rates Step Rates per Rate
per $10,000 $5,000
< 25 $0.726 $0.400
25–29 $0.795 $0.440
30–34 $1.063 $0.595
35–39 $1.572 $0.855
40–44 $2.393 $1.290
45–49 $3.741 $2.010 $0.748 per $2,000
50–54 $5.512 $2.985
55–59 $7.897 $4.395
60–64 $10.187 $6.080
65–69 $14.472 $8.670
70–74 $27.380 $16.395
75+ $84.637 $50.685
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