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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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