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Lindbergh Schools

13 

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