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Lindbergh Schools
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Basic Life and AD&D
Lindbergh Schools offers eligible employees Basic Life
and Accidental Death & Dismemberment coverage at no
cost to you.
Coverage for your spouse and dependent children is also
offered as an option. Coverage in the amount of $2,500
for your spouse and $1,000 for each child is available for
$.40 per month.
Voluntary Life and AD&D
You have the opportunity to purchase additional life
insurance for yourself and your family members. During
your enrollment period, you are allowed to elect new
coverage or increase your current coverage up to the
guarantee issue amount without providing evidence of
insurability. In future years, all enrolled employees will be
allowed to increase the current life amount by $10,000 on
themselves and $5,000 for their spouse without providing
evidence of insurability.
EMPLOYEE COVERAGE
Employees may elect coverage in increments of $10,000
up to the lesser of $500,000 or 5 times your salary.
Employee coverage includes Accidental Death &
Dismemberment in an amount equal to your elected life
insurance coverage. Rate includes the AD&D cost.
SPOUSE COVERAGE
Spousal coverage is available in $5,000 increments not to
exceed 50% of the employee amount up to a maximum of
$250,000.
Spouse rates are based upon the
employee’s age.
CHILDREN
Coverage amounts include $1,000, $5,000, or $10,000 for
each eligible child in your family. The cost is based upon
the family unit and not each child.
Note:
New employees are eligible to elect up to
$150,000 of coverage for themselves and $50,000 for
their spouse without evidence of insurability if enrolled
within 30 days of becoming first eligible for the voluntary
life benefit.
UPDATE YOUR
BENEFICIARY
Now is a great time
to ensure Lindbergh
Schools has the
most up to date
beneficiary
information on file.
If you wish to
change your
beneficiary, please
update your enter
Custom Solutions
and enter your new
beneficiary
information.
$50,000
Elected
Coverage
÷ 1,000 =
50
Units
X
$.245
Rate
* See Note
=
$12.25
Per Month
*The premium calculation is
based upon the life rate for
an employee age 45.
HOW TO CALCULATE
VOLUNTARY PREMIUM
Age
Employee Spouse
Under Age 25 $ .047 $ .063
25 - 29
$ .047 $ .063
30 - 34
$ .056 $ .090
35 -39
$ .074 $ .100
40 - 44
$ .092 $ .152
45 - 49
$ .245 $ .225
50 - 54
$ .420 $ .380
55 - 59
$ .730 $ .690
60 - 64
$ .960 $ .850
65 - 69
$1.580 $1.300
Child
$ .090
Per $1000 of Coverage
Per Month
Spouse Rates are Based Upon
Employee’s Age
Voluntary Life Rates
70 - 74
$3.780 $2.000
75+
$3.780 $2.000