Monthly Optional Life Insurance Premium Calculate Your Premium.
Calculate Your Cost Use the appropriate rate provided in the tables to the left to calculate your cost based on the amount of coverage you select. The following example calculates the monthly cost for a 36-year-old employee who would like to purchase $100,000 in employee optional term life insurance coverage.
Group Life Rates for You
Employee Age Range
Life Premium Rate
0 - 29
$0.070 $0.080 $0.110 $0.160 $0.250 $0.430 $0.780 $1.170 $2.207 $3.440
30 - 34 35 - 39 40 - 44 45 - 49 50 - 54 55 - 59 60 - 64 65 - 69
Calculation Example
Example
You
Using the table above, enter the rate that corresponds with your age. Enter the desired coverage amount in dollars. Enter the desired coverage amount in increments of $1,000. To calculate, divide the coverage amount by $1,000. Calculate the monthly cost. Multiply Step 1 by Step 3.
Step 1
$0.110
Step 2
$100,000
Step 3
100
70 +
Step 4
$11.00
Note: Rates are subject to change and can vary over time.
Group AD&D Rates for You
AD&D Premium Rate $0.020
Please see prior page for product information. Optional Life Insurance Premium Calculation
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