Q. When will my coverage become effective? A. Your coverage starts on the entry date specified in the group policy, provided you are at active work on that date. Otherwise, your coverage will become effective on the day you return to full-time duties. How much does Critical Illness Cost? Your cost depends on how much coverage you select, your age as of the effective date and whether or not you use tobacco. Because issue age rating applies, your premiums will not increase due to age changes. You may elect coverage for yourself in units of $10,000 up to $10,000. Your benefit is subject to a 50% reduction, rounded to the next higher $1,000, when you turn age 70.
Employee Critical Illness Insurance Weekly (52) Premiums Non-Tobacco User Tobacco User Issue Age <30 30-39 40-49 50-59 60-64 65+ <30 30-39 40-49 50-59 60-64 65+ $10,000 $1.18 $1.80 $2.68 $4.82 $6.90 $8.35 $1.59 $2.77 $4.41 $8.61 $11.68 $12.74
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