Life Insurance Option Rates

Life Insurance

Employee Basic Life Insurance
Basic Life Insurance coverage equals one times your annual salary up to a maximum of $200,000.  This coverage is provided at no cost to you.
(Spouse and dependent coverage below)

Supplemental/Optional Life Insurance
You have the opportunity to further protect your family with Supplemental/Optional Life Insurance coverage. You may choose coverage equal to one, two, three, four, five, six, seven, or eight times your annual salary up to a maximum of 1.5 million.  The cost of this coverage is age rated.

Your Weekly Payroll Deductions

Employee’s Age Weekly Cost per $1,000 of Coverage
Under age 25 0.007
25-29 0.007
30-34 0.007
35-39 0.009
40-44 0.010
45-49 0.019
50-54 0.031
55-59 0.043
60-64 0.070
65-69 0.126
70+ 0.264

You must elect at least one-time salary of Optional Life Insurance Coverage for yourself in order to elect coverage for your eligible dependents.Dependent coverage amounts cannot exceed 50% of the total life insurance coverage on you.


You may elect Optional Dependent Life Insurance Coverage for your spouse of $25,000 or $50,000.  The following rates reflect the weekly cost of coverage.

Spouse/Legally Registered, Same-Gender Partner Life Insurance

Your Weekly Payroll Deductions

Spouse’s Age Weekly Cost per $1,000 of Coverage
Under age 25 0.009
25-29 0.011
30-34 0.015
35-39 0.017
40-44 0.018
45-49 0.028
50-54 0.042
55-59 0.079
60-64 0.122
65-69 0.234
70+ 0.380

Dependent Life Insurance
Your dependent children must be at least 14 days old to qualify for this coverage.
Your Weekly Payroll Deductions

Dependent Insurance Amount Weekly Cost

$5,000

$10,000

0.1237

0.2574

Remember that you must elect at least one time salary of Optional Life Insurance Coverage for yourself in order to elect coverage for your eligible dependents.