In this example, the amount of Supplemental Life Insurance elected for self is $55,000. Although the employee’s annual base salary rounded down to the nearest thousand is $55,000, the Guarantee Issue amount for 1x salary is limited to up to $50,000.Īn age 50 employee with an annual salary of $55,500 would like to estimate the premium cost for 1x salary Maximum Coverage Supplemental Life Insuranceĭesired Level of Coverage: 1xSalary Maximum Coverage In this example, the amount of Supplemental Life Insurance elected for self is $50,000. Please note: The amount of optional Supplemental Life Insurance elected for self is a multiple of your annual base salary (rounded down to the nearest thousand) up to the guarantee or maximum coverage limit for the benefit coverage option you have selected.Īn age 50 employee with an annual salary of $55,500 would like to estimate the premium cost for 1x salary Guarantee Issue Supplemental Life Insurance.ĭesired Level of Coverage: 1xSalary Guarantee Issue
Please follow the formula noted below to estimate the monthly premium cost for Supplemental Life Insurance coverage:Īmount of optional Supplemental Life Insurance elected for self
Life, Disability, and Accident Insurance.
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