Monthly Voluntary Life Insurance Premium Calculate Your Premium. Group Life Rates for You Employee Age Range Life Premium Rate 0 - 24 $0.077 25 - 29 $0.088 30 - 34 $0.109 35 - 39 $0.155 40 - 44 $0.222 45 - 49 $0.354 50 - 54 $0.562 55 - 59 $0.864 60 - 64 $1.348 65 - 69 $2.340 70 - 74 $4.177 75 + $8.184
Group Life Rates for Your Spouse Employee Age Range Life Premium Rate 0 - 24 $0.070 25 - 29 $0.080 30 - 34 $0.102 35 - 39 $0.148 40 - 44 $0.212 45 - 49 $0.332 50 - 54 $0.516 55 - 59 $0.792 60 - 64 $1.354 65 - 69 $2.312 70 - 74 $4.118 75 + $8.249
Group Life Rates for your Dependent Child(ren)
Child(ren) Life Premium Rate, per
$1,000 $0.385 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.
Calculate Your Cost Use the appropriate rate provided in the tables above 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 voluntary term life insurance coverage.
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
$0.155
Step 2
$100,000
Step 3
100
Step 4
$15.50
Note: Rates are subject to change and can vary over time.
Please see prior page for product information. Life Insurance Premium Calculation 4
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