Employer Paid Life Insurance
Your family depends on you in many ways and you’ve worked hard to ensure their financial security. But if something happened to you, will your family be protected? Life insurance provides a financial benefit that your family can depend on. RSM Electron pays the entire cost of Basic Term Life Insurance and Basic AD&D for you and you are automatically enrolled upon meeting eligibility.
Type
Available Coverage
2 time annual salary to a max of $100,000
Basic Term Life and AD&D
Age 70 75
Reduction 35% 45%
Benefit Reductions
Voluntary Life Insurance If you would like to purchase additional benefits the following options are available:
Type
Available Coverage
Increments of $10,000 up to $500,000; Guaranteed Issue: $100,000
Employee Voluntary & AD&D
Increments of $5,000 up to $100,000 or 50% of employee coverage; Guaranteed Issue: $50,000
Spouse Voluntary Life/AD&D
$1,000 up to $10,000 per child enrolled
Child Voluntary Term Life/AD&D
Voluntary Term Life Rates per $1,000
Age
<30
30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
70+
Rates $0.070 $0.080 $0.100 $0.150 $0.260 $0.420 $0.660 $1.030 $1.850 $3.320
Child
Employee AD&D
Spouse AD&D
Child AD&D
$0.252
18
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