Calculate Your Dependent Spouse 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 spouse optional term life insurance coverage.
Group Life Rates for Your Spouse
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
Calculation Example
Example
You
30 - 34 35 - 39 40 - 44 45 - 49 50 - 54 55 - 59 60 - 64 65 - 69
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
Step 4
$11.00
70 +
Note: Rates are subject to change and can vary over time.
Group AD&D Rates for Your Spouse AD&D Premium Rate $0.030
Group Life and AD&D Rates for your Dependent Child(ren)
Child(ren) Life Premium Rate, per $1,000
Child(ren) AD&D Premium Rate, per $1,000
$0.120
$0.030
One affordable monthly premium covers all of your eligible dependent children.
Note: To be eligible for coverage, a spouse or dependent child cannot be confined on the date the increase or addition is to take effect, it will take effect when the confinement ends.
Please see prior page for product information. Optional Life Insurance Premium Calculation
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