Voluntary Life and AD&D

In addition to Basic Life and AD&D, eligible employees may purchase additional Voluntary Life and AD&D insurance at favorable group rates. Participants pay 100% of the premium. Note: It is important to provide beneficiary information during the enrollment process and keep this information up to date. If you decline Voluntary Life insurance when first eligible or if you elect coverage and wish to increase your benefit amount at a later date, evidence of insurability may be required before coverage is approved.

  • For you: Increments of $10,000 up to lesser of 5x covered annual earnings or $500,000. Guaranteed issue of $100,000.

  • For your spouse: Increments of $5,000 up to lesser of 100% of employee amount or $100,000. Guaranteed issue of $25,000.

  • For your children: $5,000 or $10,000.

Employee Cost per $10,000 of Coverage

Employee Age

<29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75+

Employee Rate

$0.70
$ 0.90
$1.00
$1.10
$1.50
$2.30
$3.50
$5.80
$10.80
$20.20
$20.90

 

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Spouse Cost per $5,000 of Coverage

Spouse Age

<29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75+

Spouse Rate

$0.35
$3.15
$0.55
$4.65
$0.80
$1.20
$1.90
$3.15
$5.90

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Child Life Rate per $5,000: $1.00
Child Life Rate per $10,000: $2.00

Employee Rate by Age

<29: $0.70
30-34: $ 0.90
35-39: $1.00
40-44: $1.10
45-49: $1.50
50-54: $2.30
55-59: $3.50
60-64: $5.80
65-69: $10.80
70-74: $20.20
75+: $20.90

Spouse Rate by Employee Age

<29: $0.35
30-34: $3.15
35-39: $0.55
40-44: $4.65
45-49: $0.80
50-54: $1.20
55-59: $1.90
60-64: $3.15
65-69: $5.90

Child Life Rate per $5,000: $1.00
Child Life Rate per $10,000: $2.00