Life Insurance
Group Term Life Insurance with Accidental Death & Dismemberment (AD&D)
Salaried, benefits eligible employees receive the equivalent of their annual salary in group life insurance coverage, provided by The Standard. This coverage also includes accidental death and dismemberment (AD&D) insurance, identity theft protection, will preparation, and beneficiary assistance.
Supplemental Life with Accidental Death & Dismemberment (AD&D)
Salaried, benefits eligible employees may purchase supplemental life. See additional information about this benefit below:
- Employee coverage: Purchase additional coverage in multiples of salary, increments of 1x, 2x, 3x or 4x, up to the $500,000 maximum, with guarantee issue required over 3x salary
- Spouse coverage: Available in increments of $25,000 up to maximum $100,000, may not exceed employee’s coverage, with guarantee issue required for requests over $50,000
- Dependent Child(ren): Coverage for $10,000 up to age 26 at a rate of .120 per $1,000 of coverage, or $1.20/month; all eligible children are covered, and premium does not increase per child
Employee/Spouse Rate Variations (based on employee’s age)
Age | Rate per $1,000 in coverage | Reduction based on age |
---|---|---|
29 and under | $0.063 | n/a |
30–34 | $0.068 | n/a |
35–39 | $0.075 | n/a |
40–44 | $0.101 | n/a |
45–49 | $0.147 | n/a |
50–54 | $0.210 | n/a |
55–59 | $0.318 | n/a |
60–64 | $0.468 | n/a |
65–69 | $0.797 | 65% |
70–74 | $0.797 | 50% |
75 and up | $0.797 | 35% |
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Senior Professional Research Staff
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