Employee Life and AD&D
Premiums are based on your age as of December 31st each year (your age as of 12/31/2012 is used to determine your 2012 rates).
View your Life and AD&D Coverage Plan Booklet here.
During your initial enrollment you can elect Basic Life Insurance of 1x your salary up to a maximum of $50,000 paid for by the College. In addition you can purchase additional coverage of 1x – 3x your salary at your expense up to a maximum of $500,000 in coverage (including Basic) without submitting evidence of good health. If you do not elect coverage when you are first eligible and later wish to elect coverage or increase your coverage in the future it would be subject to providing evidence of good health and could be denied.
See the below rate schedule to determine what the cost would be based on your age.
| Age at 12/31/12 | Monthly Rate per $1,000 |
| Under 25 | $0.072 |
| 25 – 29 | $0.060 |
| 30 – 34 | $0.080 |
| 35 – 39 | $0.090 |
| 40 – 44 | $0.135 |
| 45 – 49 | $0.216 |
| 50 – 54 | $0.387 |
| 55 – 59 | $0.621 |
| 60 – 64 | $0.730 |
| 65 – 69 | $1.270 |
| 70+ | $3.370 |
Note: to determine your cost for 2012 you would use your age as of 12/31/2012
To view the Summary Annual Report for the Life and AD&D Plan, click here.
Latest update: 02/12/12