| Basic
Life Insurance Rates
Monthly Rates Per $1,000 of Life Insurance Coverage
Age |
Rate |
<
30 |
0.0300 |
30
- 90 |
0.0600 |
40
- 49 |
0.0975 |
50
and up |
0.2250 |
Calculate Your Basic
Life Insurance Premium
-
From
the Basic Life Insurance Monthly Rates per $1,000 chart
above, find your rate, based on your age.
-
Find the amount of Basic Life Insurance coverage, based
on your age and salary, from the Schedule
of Benefits for Active Staff Members. Divide your
coverage amount by 1000.
-
Multiply the rate in Step 1 by the amount of Step 2. The result
is your monthly cost.
|
