2024 Nordea Benefit Guide

Voluntary Life Insurance

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 Term Life 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 at our annual open enrollment which is November 1 st

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