Life Insurance

Tools and Resources



COST 

Basic Life Insurance: There is no cost to employees for basic life insurance.

Supplemental Life Insurance: 2016 rates are shown below.

life insurance rates

Example:

Below is an example of how the cost for a supplemental life insurance policy is calculated for an employee, age 42, who elects a $100,000 supplemental life insurance policy.

Cost = ($100,000/$10,000) x .95 = $9.50 per month ($4.75 bi-weekly)