Human Resources Supplemental Life Rates
Supplemental Life Rates
VOLUNTARY TERM LIFE COVERAGE SELECTION AND PREMIUM CALCULATION
Employee Premium Table (26 Payroll Deductions Per Year) | ||||||||||
Age | $10,000 | $20,000 | $30,000 | $40,000 | $50,000 | $60,000 | $70,000 | $80,000 | $90,000 | $100,000 |
0 - 29 | $0.32 | $0.65 | $0.97 | $1.29 | $1.62 | $1.94 | $2.26 | $2.58 | $2.91 | $3.23 |
30 – 34 | $0.42 | $0.83 | $1.25 | $1.66 | $2.08 | $2.49 | $2.91 | $3.32 | $3.74 | $4.15 |
35 – 39 | $0.46 | $0.92 | $1.38 | $1.85 | $2.31 | $2.77 | $3.23 | $3.69 | $4.15 | $4.62 |
40 – 44 | $0.51 | $1.02 | $1.52 | $2.03 | $2.54 | $3.05 | $3.55 | $4.06 | $4.57 | $5.08 |
45 – 49 | $0.78 | $1.57 | $2.35 | $3.14 | $3.92 | $4.71 | $5.49 | $6.28 | $706 | $7.85 |
50 – 54 | $1.15 | $2.31 | $3.46 | $4.62 | $5.77 | $6.92 | $8.08 | $9.23 | $10.38 | $11.54 |
55 – 59 | $2.17 | $4.34 | $6.51 | $8.68 | $10.85 | $13.02 | $15.18 | $17.35 | $19.52 | $21.69 |
60- 64 | $3.37 | $6.74 | $10.11 | $13.48 | $16.85 | $20.22 | $23.58 | $26.95 | $30.32 | $33.69 |
65 – 69 | $6.46 | $12.92 | $19.38 | $25.85 | $32.31 | $38.77 | $45.23 | $51.69 | $58.15 | $64.62 |
70 + | $9.00 | $18.00 | $27.00 | $36.00 | $45.00 | $54.00 | $63.00 | $72.00 | $81.00 | $90.00 |
VOLUNTARY SPOUSE TERM LIFE COVERAGE SELECTION AND PREMIUM CALCULATION
Your spouse’s rate is based on your age, so find your age bracket in the far left column of the Spouse Premium Table. Your spouse’s benefit amount must be in an increment of $5,000.
Spouse Premium Table (26 Payroll Deductions Per Year) | ||||||||||
Age | $5,000 | $10,000 | $15,000 | $20,000 | $25,000 | $30,000 | $35,000 | $40,000 | $45,000 | $100,000 |
0 - 29 | $0.16 | $0.32 | $0.48 | $0.65 | $0.81 | $0.97 | $1.13 | $1.29 | $1.45 | $1.62 |
30 – 34 | $0.21 | $0.42 | $0.62 | $0.83 | $1.04 | $1.25 | $1.45 | $1.66 | $1.87 | $2.08 |
35 – 39 | $0.23 | $0.46 | $0.69 | $0.92 | $1.15 | $1.38 | $1.62 | $1.85 | $2.08 | $2.31 |
40 – 44 | $0.25 | $0.51 | $0.76 | $1.02 | $1.27 | $1.52 | $1.78 | $2.03 | $2.28 | $2.54 |
45 – 49 | $0.39 | $0.78 | $1.18 | $1.57 | $1.96 | $2.35 | $2.75 | $3.14 | $3.53 | $3.92 |
50 – 54 | $0.58 | $1.15 | $1.73 | $2.31 | $2.88 | $3.46 | $4.04 | $4.62 | $5.19 | $5.77 |
55 – 59 | $1.08 | $2.17 | $3.25 | $4.34 | $5.42 | $6.51 | $7.59 | $8.68 | $9.76 | $10.85 |
60- 64 | $1.68 | $3.37 | $5.05 | $6.74 | $8.42 | $10.11 | $11.79 | $13.48 | $15.16 | $16.85 |
65 – 69 | $3.23 | $6.46 | $9.69 | $12.92 | $16.15 | $19.38 | $22.62 | $25.85 | $29.08 | $32.31 |
All Children Premium Table (26 Payroll Deductions Per Year)* | ||||||||||
$1,000 | $2,000 | $3,000 | $4,000 | $5,000 | $6,000 | $7,000 | $8,000 | $9,000 | $10,000 | |
$0.06 | $0.11 | $0.17 | $0.22 | $0.28 | $0.33 | $0.39 | $0.44 | $0.50 | $0.55 |
*Regardless of how many children you have, they are included in the “All Children” premium amounts listed in the table above.
Beneficiary Designation
You MUST designate a beneficiary for your employer-provided Life and AD&D insurance policy when you become eligible for coverage. Your “beneficiary” is the person (or people, estate, trust, etc.) who will receive your life insurance benefits in the event of your death.