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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 initial enrollment period, you are allowed to elect
coverage up to the guarantee issue amount without
providing evidence of insurability. In future years, all
enrolled employees will be required to provide evidence of
insurability in order to increase the voluntary life amount.
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.
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.
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.
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 in 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
Voluntary Life Rates
Per $1000 of Coverage
Per Month
Spouse Rates are Based Upon
Employee’s Age
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
70 - 74
$3.780 $2.000
75+
$3.780 $2.000
Child
$ .090