2024 Employee Benefit Guide - Salaried - Yeled 11.3.23

BENEFIT

EMPLOYEE

SPOUSE

DEPENDENT CHILDREN

Benefit Amount

Up to 5 times your annual salary in increments of $10,000

Increments of $5,000

Increments of $2,000

Minimum Benefit Amount

$10,000

$5,000

$2,000

Maximum Benefit Amount

Less than or equal to 100% of the Employee benefit amount, not to exceed $10,000

Less than or equal to 100% of the Employee benefit amount, not to exceed $250,000

$500,000

Benefit for child(ren) from birth to 6 months $1,000

Guaranteed Coverage Amount*

$150,000

$25,000

$10,000

Reduction of Benefits Schedule

65% of original benefit at age 70 50% of original benefit at age 75

65% of original benefit when employee turns age 70 50% of original benefit when employee turns age 75

No Reduction

*Guaranteed coverage means the maximum amount of coverage available to new hires without medical information required. If you are a current active, full-time employee looking to enroll, Evidence of Insurability will be required for any elected amounts. VOLUNTARY LIFE INSURANCE MONTHLY RATES

EMPLOYEE RATES

SPOUSE RATES

CHILD(REN) RATE

RATE PER $10,000 OF BENEFIT

RATE PER $10,000 OF BENEFIT

RATE PER $5,000 OF BENEFIT

RATE PER $5,000 OF BENEFIT

RATE PER $2,000 OF BENEFIT

AGE

AGE

AGE

AGE

AGE

Birth to age 19 (26 if full-time student)

Under 25

$0.500

50-54

$3.680

Under 25

$0.330

50-54

$2.425

$0.773

25-29

$0.600

55-59

$5.660

25-29

$0.375

55-59

$3.720

30-34

$0.800

60-64

$8.840

30-34

$0.475

60-64

$6.355

35-39

$1.010

65-69

$15.330

35-39

$0.695

65-69

$10.860

40-44

$1.450

70-74

$27.350

40-44

$0.995

70-74

$19.345

45-49

$2.320

75+

$53.610

45-49

$1.555

75+

$38.745

Employee

$______,000

÷ $10,000 = $_____

X $____________

= $____________

$______,000

÷ $5,000 = $_____

X $____________

Spouse

= $____________

$______,000

÷ $2,000 = $_____

X $____________

Child

= $____________

Total Cost

For additional plan information, please refer to your detailed plan design provided by the carrier. In the event of a discrepancy, the carrier Plan Document shall prevail.