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Contributory Life Insurance Rates

(In Effect May 1, 2006 - April 30, 2008)

 

Supplemental Life Insurance

Examples of Monthly Costs
Age*
Rate/$1,000
$30,000
$50,000
$80,000
<30
$.05
$1.50
$2.50
$4.00
30-34
$.06
$1.80
$3.00
$4.80
35-39
$.09
$2.70
$4.50
$7.20
40-44
$.10
$3.00
$5.00
$8.00
45-49
$.15
$4.50
$7.50
$12.00
50-54
$.23
$6.90
$11.50
$18.40
55-59
$.43
$12.90
$21.50
$34.40
60-64
$.66
$19.80
$33.00
$52.80
65-69
$1.15
$34.50
$57.50
$92.00
70-74
$1.85
$55.50
$92.50
$148.00
75+
$2.06
$61.80
$103.00
$164.80

To calculate other monthly costs, multiply the premium rate/$1000 for your age group times the number of $10,000 increments you want (e.g., rate x 40 for $40,000 of insurance, rate x 100 for $100,000 of insurance, etc.).

*Use your age as of the previous January 1st. For example, someone born on March 17, 1960 was age 45 as of 1/1/06, and would use the age 45 premium rate for all of 2006. In January 2007 the rate for age 46 will begin.


Dependent Life Insurance

Cost
Insurance Amounts
1 Unit
$2.55/month
Spouse
Each Child
$10,000
$5,000
2 Units
$5.10/month
Spouse
Each Child
$20,000
$10,000
3 Units
$7.65/month
Spouse
Each Child
$30,000
$15,000