Human Resources > Open Enrollment > Supplemental Life and LTD Rates

Supplemental Life and LTD Rates

2018 Supplemental Life and LTD Rates

Rate details are in the column to the right. There is no change in employee rates for 2018. Spouse rates mirror employee rates.  There are limitations to the amount of coverage allowed for dependents, outlined to the right. All rates for this coverage are 100% employee paid.

Guaranteed Issue

Guaranteed Issue is the term used to indicate no medical underwriting is necessary for coverage. Under the new dependent coverage, children’s insurance is always guaranteed issue, though subject to the limitations outlined below. Spouse coverage is guaranteed issue to the first $30,000. Any coverage requested above that amount (within the limitations described below) requires medical underwriting. Additions to employee coverage will always require medical underwriting. Human Resources has forms available to initiate that process should you decide to increase your coverage.

Voluntary Life Insurance

Premiums are post-tax and 100% employee funded.  Rates are based on your age on January 1st of the current year. If you have a tier change during the calendar year, it will go into affect on January 1st of the next year.  Monthly Rates are based on units of $1,000. An additional .015 is added to each rate to cover the cost of accidental death and dismemberment.

Under Age 20 $.035

Age 20 - 24 $.035

Age 25 – 29 $.038

Age 30 - 34 $.035

Age 35 - 39 $.055

Age 40 - 44 $.085

Age 45 - 49 $.135

Age 50 - 54 $.215

Age 55 - 59 $.402

Age 60 - 64 $.583

Age 65 - 69 $1.175

Age 70 and over $2.045

A change in rates due to a change in the Employee's age will become effective on the Policy Anniversary coinciding with or following the Employee's birthday.

SPOUSE BENEFITS - Voluntary Life Insurance

Monthly Rates are based on units of $1,000. Coverage is available in $5,000 increments to a maximum of $300,000.  Spouse election can only be half of the employee elected supplemental life insurance.

Under Age 20 $.035

Age 20 - 24 $.035

Age 25 – 29 $.038

Age 30 - 34 $.035

Age 35 - 39 $.055

Age 40 - 44 $.085

Age 45 - 49 $.135

Age 50 - 54 $.215

Age 55 - 59 $.402

Age 60 - 64 $.583

Age 65 - 69 $1.175

No coverage after age 70 for spouses.

A change in rates due to a change in the Spouse's age will become effective on the Policy Anniversary coinciding with or following the Spouse's birthday.

FOR DEPENDENT CHILD BENEFITS

Voluntary Life Insurance $.20 Per $1,000  Coverage available in increments of $2,000 to $10,000 until age 19.  Coverage can be continued to age 25 if child is a full-time student. Proof of student status required if a claim is filed after age 19.

2018 Long-term Disability Rates

For employees under age 65 the premium for long term disability insurance coverage is $0.185 per $100 of your biweekly or monthly base salary.

For employees over age 65 the premium for long term disability insurance coverage is $0.098 per $100 of your bi-weekly or monthly base salary.

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