Page 9 - UNIVEROK2 Flipbook

Monthly Optional Life Insurance Premium
Calculate Your Premium.

Group Life Rates for You Group Life Rates for Your Spouse Group Life Rates for your

Dependent Child(ren)
Employee Life Employee Life
Age Premium Age Premium
Range Rate Range Rate Child(ren) Life
0 - 24 $0.05 0 - 24 $0.05 Premium Rate, per
25 - 29 $0.06 25 - 29 $0.06 $1,000
30 - 34 $0.08 30 - 34 $0.08 $0.20
35 - 39 $0.09 35 - 39 $0.09 One affordable monthly
40 - 44 $0.10 40 - 44 $0.10 premium covers all of your
45 - 49 $0.17 45 - 49 $0.15 eligible dependent children.
50 - 54 $0.35 50 - 54 $0.23
55 - 59 $0.54 55 - 59 $0.43 Note: To be eligible for coverage,
60 - 64 $0.67 60 - 64 $0.66 a spouse or dependent child
cannot be confined on the date
65 - 69 $1.27 65 - 69 $1.27 the increase or addition is to take
70 + $2.06 70 + $2.06 effect, it will take effect when
the confinement ends.

Calculate Your Cost
Use the appropriate rate provided in the tables above to calculate your cost based on the amount of coverage you
select. The following example calculates the monthly cost for a 36-year-old employee who would like to purchase
$100,000 in employee optional term life insurance coverage.

Calculation Example Example You
Using the table above, enter the rate that
Step 1 $0.09
corresponds with your age.
Enter the desired coverage amount in
Step 2 $100,000
dollars.
Enter the desired coverage amount in
Step 3 increments of $1,000. To calculate, divide 100
the coverage amount by $1,000.
Calculate the monthly cost. Multiply Step
Step 4 $9.00
1 by Step 3.

Note: Rates are subject to change and can vary over time.

Please see prior page for product information.
Life Insurance Premium Calculation

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