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Benefits • Life Insurance • Employee Coverage
Optional Basic Employee Term Life
Coverage Options
You may apply for one times your total compensation.

New Hires
Proof of good health is not required if elected within 45 days of your initial eligibility.
Group Universal Life (GUL)

Coverage Options
You may apply for coverage in amounts of one to 10 times your total compensation up to a plan maximum of $1,500,000.  Changes in coverage can be elected at any time throughout the year. How to enroll...

New Hires
You may apply for one times your total compensation up to a maximum of $500,000 without proof of good health if you apply within 45 days of your initial eligibility.  If you apply for more than one times your total compensation, or if one times your salary is more than $500,000 you may need to go through underwriting. How to enroll...

Cost of Insurance - 2009
Premiums are based on your age and coverage amount. 

Group Universal Life

Employee

Employer

Total

 

Employee & Spouse

 

 


 

Age         Rate per $1,000

Employee & Spouse –
<30                 $    0.038
30-34              $    0.045
35-39              $    0.050
40-44              $    0.075
45-49              $    0.105
50-54              $    0.165
55-59              $    0.270
60-64              $    0.420
65-69              $    0.683
70-74              $    1.665
75 +                $    2.530

 

$    0.00

Age       Rate per $1,000

Employee & Spouse –
30                   $    0.038
30-34              $    0.045
35-39              $    0.050
40-44              $    0.075
45-49              $    0.105
50-54              $    0.165
55-59              $    0.270
60-64              $    0.420
65-69              $    0.683
70-74              $    1.665
75 +                $    2.530

Child(ren) Term Life
($0.12 per $1,000)

Child(ren) –
$  5,000          $    0.60
$10,000          $    1.20
$15,000          $    1.80
$20,000          $    2.40
$25,000          $    3.00

 

Child(ren) –
$  5,000          $    0.60
$10,000          $    1.20
$15,000          $    1.80
$20,000          $    2.40
$25,000          $    3.00

Cash Accumulation: You also have access to cash accumulation feature with your GUL coverage.  The minimum premium contribution per month is $10.00. 

 
 
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