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Sugar Creek Capital
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Life and Accidental Death & Dismemberment
Effective March 1, 2018, Unum will continue to be our provider for life and accidental death and dismemberment
coverage.
The company provided benefit is $50,000 of life insurance for each full time employee
.
Each benefit amount also carries an equal benefit of accidental death and dismemberment coverage. Now is a great
time to ensure that Sugar Creek has the most up to date beneficiary information on file for you. Please let Human
Resources know if you need to make a change to this information.
Unum’s group voluntary term life and AD&D insurance can provide benefits for those who depend on you, if you die
during your working years. This coverage can help your loved ones deal with expenses such as: a mortgage,
ongoing living expenses, or funeral arrangements (Average Cost in Midwest is between $8,000 & $12,000)
You may purchase voluntary life in $10,000 increments to a maximum benefit amount of 5x your annual earnings or
$500,000, whichever is less. You can purchase life amounts in $5,000 increments (not to exceed your elected
amount) on your spouse with a guaranteed benefit of $25,000. For your children ages 6 months to 19 years (26
years if full time student) you may choose to purchase this benefit in increments of $2,000 with a maximum of
$10,000.
The cost is based on your age and whether you use tobacco products. Use the table below to determine the cost of
additional life insurance according to your age, amount and whether you are a smoker or non smoker. Keep in mind
your benefit reduces by 35% at age 65 and 50% at age 70.
Voluntary Life and AD&D
Employee Monthly Rate/$10,000
Non-Tobacco User
Tobacco User
$1.280
$1.280
$2.080
$3.370
$5.190
$8.460
$13.290
$18.450
$34.060
$54.210
$0.690
$0.770
$1.150
$1.860
$2.870
$4.670
$7.340
$10.190
$18.800
$31.540
Under 29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
$.350
$.390
$.580
$.930
$1.440
$2.340
$3.670
$5.100
$9.400
$15.77
*Spouse Monthly Rate/
$5,000
*The spouse rate is based off the employee’s age
Voluntary AD&D Rates
Employee AD&D
per $10,000
$0.31
Spouse AD&D
per $5,000
$0.15
Child(ren) AD&D
per $2,000
$0.40
Voluntary Child(ren) Life
Child(ren) Rate
per $2,000
$.082