Group Term Life and Dependent Insurance




Coverage and Eligibility

The firm chooses a benefit level of 1, 2 or 3 times annual earnings which is then applicable to all eligible staff. The benefit is rounded to the next higher $1,000. Payable upon death to named benefciary.


Maximum Coverage

Minimum requirement of 1x annual salary or $50,000, whichever is less, to a maximum of $500,000.

  Non-smoker Smoker
Age at April 1 Male Female Male Female
<31 0.05 0.03 0.10 0.07
31-35 0.06 0.04 0.11 0.08
36-40 0.07 0.05 0.13 0.11
41-45 0.08 0.07 0.22 0.16
46-50 0.13 0.11 0.32 0.22
51-55 0.21 0.16 0.53 0.37
56-60 0.34 0.26 0.89 0.65
61-65 0.54 0.40 1.37 0.99
66 0.72 0.53 1.76 1.23
67 0.75 0.58 1.89 1.32
68 0.82 0.64 2.02 1.41
69 Coverage terminates

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Reduction and Termination Provisions

On April 1, coincident with or immediately following attainment of age 66, term life benefits will reduce by 50%. Insurance automatically terminates on April 1, coincident with or immediately following age 69.

Please refer to FAQ for conversion options.

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Waiver of Premiums

If you become totally and permenantly disabled, premiums will be waived as long as disability contines, but not past age 71. Satisfactory proof of disability must be submitted within one year.

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Dependent Life


Coverage and Eligibility

Covers your spouse and each eligible Dependent child for $5,000 each of term life insurance. Monthly Premiums = $2 Per Family

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