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 35 0.007
35-39 0.009
40-44 0.010
45-49 0.019
50-54 0.030
55-59 0.042
60-64 0.069
65-69 0.124
70+ 0.260

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.


Spouse/Domestic Partner Life Insurance*
Coverage is rounded to the nearest $1000.  Coverage for your spouse/DP is available in increments of $25,000 to 250,000.  The following rates reflect the weekly cost of coverage.

Your Weekly Payroll Deductions

Spouse/DP  Age Weekly Cost per $1,000 of Coverage
Under age 25 0.009
25-29 0.011
30-34 0.015
35-39 0.016
40-44 0.018
45-49 0.027
50-54 0.042
55-59 0.078
60-64 0.119
65-69 0.230
70+ 0.372

*Legally registered, same-gender partner

Dependent Life Insurance
The weekly cost for Child Life Insurance is $0.122 per $5,000 of benefit,
regardless of the number of children. Coverage is available in increments of $5,000 up to $25,000.

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