Voluntary Life Insurance
To safeguard your family in the event of your passing, our company offers you the opportunity to purchase additional voluntary life insurance coverage. This plan also allows you to purchase accident death & dismemberment coverage which can pay an additional amount for deaths due to covered accidents and certain serious injuries that may occur.
If you would like to purchase additional benefits, the following options are available:
Type
Available Coverage
$10,000 to $500,000 in $10,000 increments Guaranteed Issue: $100,000
Employee Basic Term Life and AD&D
$5,000 to $500,000 in $5,000 increments Guaranteed Issue: $25,000
Spouse Basic Term Life and AD&D
Increments of $2,000 to a max of 50% of employee or $10,000
Dependent Basic Life and AD&D
Voluntary AD&D Rates- $0.247 per $10k for employee, $0.130 per $5k for spouses, & $0.068 per $2k for children Voluntary Term Life Age Banded Employee Rates per $10,000 and Spouse Rates per $5,000 Age <25 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70+ 75 & Over Employee Rates $0.52 $0.60 $0.74 $1.05 $1.51 $2.40 $3.82 $5.88 $9.17 $15.92 $28.41 $55.66
Spouse Rates
$0.33 $0.375 $0.475 $.695 $.995 $1.555 $2.425 $3.720 $6.355 $10.855 $19.340 $38.740
*Members can only enroll in this benefit one time each year during annual open enrollment
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