Contributory Group Life Insurance Plan
B (Rates Effective 7/1/02)
Age Bracket |
Employee Age Rate |
Imputed
Income Table Amount |
| Under 25 |
.05 |
.05 |
| 25-29 |
.06 |
.06 |
| 30-34 |
.08 |
.08 |
| 35-39 |
.09 |
.09 |
| 40-44 |
.10 |
.10 |
| 45-49 |
.15 |
.15 |
| 50-54 |
.23 |
.23 |
| 55-59 |
.43 |
.43 |
| 60-64 |
.66 |
.66 |
| 65-69 |
1.27 |
1.27 |
| 70+ |
2.06 |
2.06 |
| If you were placed on the flat rate schedule on October 1, 1994, at $0.60 per $1,000 of live insurance, premiums will remain at 40.60 per $1,000 of coverage. To participate at the flat $0.60 rate, you had to be participating in the WSRC/BSRI Contributory Life Insurance Program as of May 1, 1991 and be age 55 or older on October 1, 1994. |
|
Plan Type |
Option |
Amount |
|
Level 1 |
Your spouse is insured for $5,000 coverage and each eligible child is insured for $1,000 coverage, |
$1.40 |
|
Level 2 |
Your spouse is insured for $10,000 coverage and each eligible child is insured for $2,000 coverage |
$2.80 |
|
Plan Type |
Option |
Amount |
|
Employee |
Coverage can be purchased in increments of $10,000 up to a maximum of five times your Normal Annual Earnings, rounded up to the next higher multiple of $10,000. Your coverage amount cannot exceed $300,000. |
$0.42 per Ten Thousand |
|
Family |
Coverage can be purchased in increments of $10,000 up to a maximum of $100,000. If you purchase coverage for your spouse, your children are automatically covered in multiples of $2,000 each, up to a maximum benefit of $20,000. Your children's coverage is based on the level of coverage you elected for your spouse. You may elect coverage for dependent children with no spouse. |
$0.42 per Ten Thousand |
|
|