Employee Benefit Trust


Standard Insurance Life insurance rates

Plan descriptions

Group life

 

2018 rate

2019 rate

% Increase from 2018

Group basic life

.15

.15

0

Accidental death & dismemberment rider

.04

.04

0

Dependent life plan 1

.34

.34

0

Dependent life plan 2

.64

.64

0

Dependent life plan 3

1.00

1.00

N/A

Dependent life plan 4

2.00

2.00

N/A

Premium rate for basic life and AD&D is per $1,000 benefit per month; premium rate for dependent life is per family per month.

Additional life

Employee rate table
Spouse rate table

Age band changes are adjusted annually on January 1.

Note: Since life insurance benefits decrease once employees are age 65 – 80, you will want to pay the appropriate percentage of their life insurance benefit amount. Age 65 – 69, pay 65%, age 70 – 74 pay 50%, age 75 – 79 pay 30% and age 80 and older, pay 20% of the premium listed.(ie $100,000 benefit, at age 65, pay for $65,000 benefit.)

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