DPA - Benefits - Basic Group Term Life Insurance for Excluded Employees

Employees enrolled in the State-paid group term life insurance plan can purchase additional insurance coverage from MetLife. Under the voluntary supplemental life insurance plan, employees may elect coverage in increments of $10,000 up to the lesser of $200,000 or 4 times the employee's basic annual earnings. Employees have the opportunity to take advantage of the State's group purchasing power by securing significant amounts of supplemental life insurance at competitive rates. The premiums per $10,000 of coverage are as follows:

Premiums

Age

Prior to 7/1/2004

Effective 7/1/2004

Under 25

$ 0.71

$ 0.65

25-29

$ 0.72

$ 0.69

30-34

$ 0.89

$ 0.85

35-39

$ 0.98

$ 0.93

40-44

$ 1.26

$ 1.15

45-49

$ 2.75

$ 1.65

50-54

$ 4.24

$ 2.45

55-59

$ 5.78

$ 4.45

60-64

$ 7.31

$ 6.75

65-69

$14.26

$12.85

70-74

$21.57

$20.75

75 and older

$32.16

$32.25

An administrative fee of .20 cents per month is charged in addition to the monthly premium.

If the employee chooses to enroll, the monthly supplemental life insurance premium will be automatically deducted from his/her paycheck. For more information about this coverage, please contact Metlife at 1-800-252-8524

Eligible employees may also purchase additional life insurance coverage for their spouse/domestic partner and dependent children. The plan provides for $7,500 coverage for your spouse and $7,500 coverage for each unmarried dependent child age 6 months to under 23 years. A dependent child age birth to 6 months is covered by a $750 benefit. The monthly premium for dependent coverage is $1.85 if the employee is under age 65 and $7.25 if you are age 65 or older.