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SUPPLEMENTAL LIFE INSURANCE

Our full-time and part-time employees working at least 20 hours per week may elect up to $500,000 in supplemental life insurance. Employees can enroll in up to $200,000 without having to go through medical underwriting. Spousal life insurance can be elected up to $100,000 or at 50% less than the employee’s voluntary coverage. Employees can enroll in up to $50,000 in spousal life insurance without having to go through medical underwriting. Child life is also available at a maximum of $10,000.

Supplemental Life and AD&D and Dependent Life Rates Monthly cost per $1,000 of coverage

Age Bracket* Employee
< 25 $0.08
25-29 $0.08
30-34 $0.08
35-39 $0.12
40-44 $0.19
45-49 $0.30
50-54 $0.51
55-59 $0.83
60-64 $1.10
65-69 $1.72
>70 $2.99

Child(ren) Life: The monthly cost is $0.201 per $1,000 of coverage and all eligible dependent children are included in the cost.