Page 14 - MCU Benefits Guide

Voluntary Life/AD&D Rates

Age Employee Life & Age Spouse Life &
AD&D Rates Per AD&D Rates Per
$10,000 $10,000
00-24 $0.91 00-24 $0.47
25-29 $0.99 25-29 $0.51
30-34 $1.14 30-34 $0.58
35-39 $1.47 35-39 $0.75
40-44 $1.95 40-44 $0.99
45-49 $2.90 45-49 $1.46
50-54 $4.40 50-54 $2.21
55-59 $6.58 55-59 $3.30
60-64 $10.08 60-64 $5.05
65-69 $17.23 65-69 $8.63
70-74 $30.48 70-74 $15.25
75-99 $59.39 75-99 $29.71

Child Life/AD&D Rate per $2,000 is $0.901

How to calculate your Voluntary Life/AD&D rate.

1. Choose your Voluntary Life/AD&D amount in increments of $10,000 (evidence of
insurability is needed for amounts greater than $70,000), find your age and rate,
then:

a. _____________________÷10,000 =__________________
Benefit Amount ÷10,000 = Value (a)

b. _____________×_______________=________________________________

Value (a) × your age rate = Monthly Cost

c. (____________________ × 12) ÷ 24=_________________
Monthly Cost × 12 ÷24 = Semi-monthly Cost

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