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Employee Benefit Trust

Standard Insurance Life insurance rates

Plan descriptions

Group life

  2017 rate 2018 rate % Increase from 2017
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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