Page 12 - My FlipBook
P. 12
2016 Beneits Newsletter
Voluntary Life Rate Chart
Employee and Spouse* (Rates are based on Employee’s age)
Age Rate/$1,000
0–29 $0.08
30–34 $0.09
35–39 $0.11
40–44 $0.17
45–49 $0.30
50–54 $0.49
55–59 $0.76
60–64 $1.19
65–69 $2.14
70–74 $3.83
75–79 $6.31
80+ $12.78
Child
$0.14
* Please note spouse coverage terminates when the employee attains age 70 (regardless
of the spouse’s actual age).
To determine the monthly premium for voluntary life coverage,
follow these simple steps
Determine the amount of insurance you want to purchase
Using the table, determine the rate based on your age
Use the formula following to calculate your monthly premium
amount
Coverage amount/1,000 x rate = monthly premium
12
Voluntary Life Rate Chart
Employee and Spouse* (Rates are based on Employee’s age)
Age Rate/$1,000
0–29 $0.08
30–34 $0.09
35–39 $0.11
40–44 $0.17
45–49 $0.30
50–54 $0.49
55–59 $0.76
60–64 $1.19
65–69 $2.14
70–74 $3.83
75–79 $6.31
80+ $12.78
Child
$0.14
* Please note spouse coverage terminates when the employee attains age 70 (regardless
of the spouse’s actual age).
To determine the monthly premium for voluntary life coverage,
follow these simple steps
Determine the amount of insurance you want to purchase
Using the table, determine the rate based on your age
Use the formula following to calculate your monthly premium
amount
Coverage amount/1,000 x rate = monthly premium
12
