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Employees may elect life insurance without AD&D, AD&D
without life insurance, or both coverage options.
When an employee reaches 65 years of age, the coverage
in force must be reduced to 65% of the original amount for
both the employee and spouse. Once an employee reaches
70 years of age, the employee coverage in force must be
reduced to 50% of the original amount, and spousal
coverage must be dropped.
Rates will change based on age. If an employee reaches a
new rate level, the premium change will take effect on
March 1 following the birthday on which the employee
reached the new age bracket.
Plan Changes and Deductions
Employees who waive coverage or miss the enrollment
deadline will not be eligible to enroll later without evidence
of insurability, unless only the employee wants coverage of
no more than $10,000. Evidence of insurability will be
required for enrollment after the initial enrollment period,
unless strict coverage limitations are met.
Employees who want to enroll after initial eligibility or
increase coverage may do so at open enrollment or in the
case of a qualifying event. Employees will be required to
provide evidence of insurability to qualify for any amount of
life coverage, unless the employee is requesting no more
than $10,000 or increasing the life amount by no more than
$10,000 and the total remains at or below $150,000.
Though no evidence of insurability is required for children,
spouses must complete evidence of insurability for life
insurance enrollment after initially eligible or for life
coverage increases.
Employees with new dependents must add coverage for
those dependents prior to the first of the month after the
dependent is acquired to take advantage of guarantee
issue. Employees must contact Human Resources
BEFORE a new dependent is acquired to ensure coverage
and complete enrollment.
All premiums are deducted on a post-tax basis.
Employee and Spouse Monthly
Supplemental Life Rates
Child Monthly Supplemental Life Rates
Monthly AD&D Rates
If employee only coverage is elected, the rate is $0.03 per
$1,000. If any dependent coverage is elected, the rate is $0.06
per $1,000 of the employee amount.
The Enrollment System will calculate Monthly Life Insurance
Costs based on elections. A sample supplemental life calculator
follows on page 12.
Age
Employee/Spouse Rate
per $1,000*
<25
$0.08
25-29
$0.08
30-34
$0.10
35-39
$0.13
40-44
$0.20
45-49
$0.33
50-54
$0.56
55-59
$0.91
60-64
$1.14
65-69
$1.98
70-74
$3.21
75+
$4.94
*Spouse rate is determined by employee age.
Child Life
Amount
Monthly Cost
$1,000
$0.20
$2,000
$0.40
$3,000
$0.60
$4,000
$0.80
$5,000
$1.00
$6,000
$1.20
$7,000
$1.40
$8,000
$1.60
$9,000
$1.80
$10,000
$2.00
Children 6 months to 26 years are eligible
for coverage. Contact HR for rates on
children 14 days to 6 months.