|
OPTIONAL LIFE INSURANCE PLAN COST
|
Age |
Employee
Rate per $1,000
per Month |
Spouse
Rate per $1,000
per Month |
|
Under 30 |
$.06 (+2.00) |
$.07 |
|
30-34 |
$.08 (+2.00) |
$.07 |
|
35-39 |
$.09 (+2.00) |
$.07 |
|
40-44 |
$.15 (+2.00) |
$.11 |
|
45-49 |
$.24 (+2.00) |
$.18 |
|
50-54 |
$.42 (+2.00) |
$.26 |
|
55-59 |
$.72 (+2.00) |
$.42 |
|
60-64 |
$.99 (+2.00) |
$.65 |
|
65-69 |
$1.53 (+2.00) |
$1.23 |
|
70-74 |
$2.35(+2.00) |
$1.99 |
|
75+ |
$3.62(+2.00) |
$3.06 |
|
Child Rate per Unit $.15
per $1,000 |
Example
A 38-year-old minister elects to cover himself for $60,000, his spouse for $30,000 and their
three children for $5,000 each. The monthly premium would total $11.45.
|
|
60 x |
$.11(+2.00) |
= |
$ 8.60 |
|
+ |
30 x |
$.07 |
= |
2.10 |
|
+ |
5 x |
$.15 |
= |
.75 |
|
|
|
Total |
|
$11.45 |
NOTE:
The rate for your spouse is based on your age, not your spouse's age. Also note that the premium
for child coverage is calculated at a unit rate regardless of the number of children.
To download a PDF version of this product's brochure
please CLICK HERE.
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will need the Adobe Acrobat reader in order to view the PDF file. Click
on the Adobe Reader icon adjacent to download the FREE reader software.
|
