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Public Employees' Benefit Board

Optional Life Insurance Premium Rates
2009 Employee Optional Life Insurance Premium Rates
2009 Spouse or Domestic Partner Life Insurance Premium Rates
2009 Retiree Life Insurance Premium Rates
2009 Employee Optional Life Insurance Premium Rates
 
 
Age >
Thru 24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70& up
Rate Per $10,000 >
$0.44
$0.52
$0.67
$0.74
$0.81
$1.26
$1.85
$3.48
$5.40
$10.36
$16.80
AMOUNT
  
  
  
  
  
  
  
  
  
  
  
$20,000
0.89
1.04
1.33
1.48
1.63
2.52
3.70
6.96
10.80
20.72
33.60
$40,000
1.78
2.07
2.66
2.96
3.26
5.03
7.40
13.91
21.61
41.44
67.19
$60,000
2.66
3.11
4.00
4.44
4.88
7.55
11.10
20.87
32.41
62.16
100.79
$80,000
3.55
4.14
5.33
5.92
6.51
10.06
14.80
27.82
43.22
82.88
134.38
$100,000
4.44
5.18
6.66
7.40
8.14
12.58
18.50
34.78
54.02
103.60
167.98
$120,000
5.33
6.22
7.99
8.88
9.77
15.10
22.20
41.74
64.82
124.32
201.58
$140,000
6.22
7.25
9.32
10.36
11.40
17.61
25.90
48.69
75.63
145.04
235.17
$160,000
7.10
8.29
10.66
11.84
13.02
20.13
29.60
55.65
86.43
165.76
268.77
$180,000
7.99
9.32
11.99
13.32
14.65
22.64
33.30
62.60
97.24
186.48
302.36
$200,000
8.88
10.36
13.32
14.80
16.28
25.16
37.00
69.56
108.04
207.20
335.96
$220,000
9.77
11.40
14.65
16.28
17.91
27.68
40.70
76.52
118.84
227.92
369.56
$240,000
10.66
12.43
15.98
17.76
19.54
30.19
44.40
83.47
129.65
248.64
403.15
$260,000
11.54
13.47
17.32
19.24
21.16
32.71
48.10
90.43
140.45
269.36
436.75
$280,000
12.43
14.50
18.65
20.72
22.79
35.22
51.80
97.38
151.26
290.08
470.34
$300,000
13.32
15.54
19.98
22.20
24.42
37.74
55.50
104.34
162.06
310.80
503.94
$320,000
14.21
16.58
21.31
23.68
26.05
40.26
59.20
111.30
172.86
331.52
537.54
$340,000
15.10
17.61
22.64
25.16
27.68
42.77
62.90
118.25
183.67
352.24
571.13
$360,000
15.98
18.65
23.98
26.64
29.30
45.29
66.60
125.21
194.47
372.96
604.73
$380,000
16.87
19.68
25.31
28.12
30.93
47.80
70.30
132.16
205.28
393.68
638.32
$400,000
17.76
20.72
26.64
29.60
32.56
50.32
74.00
139.12
216.08
414.40
671.92
$420,000
18.65
21.76
27.97
31.08
34.19
52.84
77.70
146.08
226.88
435.12
705.52
$440,000
19.54
22.79
29.30
32.56
35.82
55.35
81.40
153.03
237.69
455.84
739.11
$460,000
20.42
23.83
30.64
34.04
37.44
57.87
85.10
159.99
248.49
476.56
772.71
$480,000
21.31
24.86
31.97
35.52
39.07
60.38
88.80
166.94
259.30
497.28
806.30
$500,000
22.20
25.90
33.30
37.00
40.70
62.90
92.50
173.90
270.10
518.00
839.90
$520,000
23.09
26.94
34.63
38.48
42.33
65.42
96.20
180.86
280.90
538.72
873.50
$540,000
23.98
27.97
35.96
39.96
43.96
67.93
99.90
187.81
291.71
559.44
907.09
$560,000
24.86
29.01
37.30
41.44
45.58
70.45
103.60
194.77
302.51
580.16
940.69
$580,000
25.75
30.04
38.63
42.92
47.21
72.96
107.30
201.72
313.32
600.88
974.28
$600,000
26.64
31.08
39.96
44.40
48.84
75.48
111.00
208.68
324.12
621.60
1007.88

2009 Spouse or Domestic Partner Life Insurance Premium Rates

Age >
Thru 24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70& up
Rate Per $10,000 >
$0.44
$0.52
$0.67
$0.74
$0.81
$1.26
$1.85
$3.48
$5.40
$10.36
$16.80
AMOUNT
  
  
  
  
  
  
  
  
  
  
  
$20,000
0.89
1.04
1.33
1.48
1.63
2.52
3.70
6.96
10.80
20.72
33.60
$40,000
1.78
2.07
2.66
2.96
3.26
5.03
7.40
13.91
21.61
41.44
67.19
$60,000
2.66
3.11
4.00
4.44
4.88
7.55
11.10
20.87
32.41
62.16
100.79
$80,000
3.55
4.14
5.33
5.92
6.51
10.06
14.80
27.82
43.22
82.88
134.38
$100,000
4.44
5.18
6.66
7.40
8.14
12.58
18.50
34.78
54.02
103.60
167.98
$120,000
5.33
6.22
7.99
8.88
9.77
15.10
22.20
41.74
64.82
124.32
201.58
$140,000
6.22
7.25
9.32
10.36
11.40
17.61
25.90
48.69
75.63
145.04
235.17
$160,000
7.10
8.29
10.66
11.84
13.02
20.13
29.60
55.65
86.43
165.76
268.77
$180,000
7.99
9.32
11.99
13.32
14.65
22.64
33.30
62.60
97.24
186.48
302.36
$200,000
8.88
10.36
13.32
14.80
16.28
25.16
37.00
69.56
108.04
207.20
335.96
$220,000
9.77
11.40
14.65
16.28
17.91
27.68
40.70
76.52
118.84
227.92
369.56
$240,000
10.66
12.43
15.98
17.76
19.54
30.19
44.40
83.47
129.65
248.64
403.15
$260,000
11.54
13.47
17.32
19.24
21.16
32.71
48.10
90.43
140.45
269.36
436.75
$280,000
12.43
14.50
18.65
20.72
22.79
35.22
51.80
97.38
151.26
290.08
470.34
$300,000
13.32
15.54
19.98
22.20
24.42
37.74
55.50
104.34
162.06
310.80
503.94
$320,000
14.21
16.58
21.31
23.68
26.05
40.26
59.20
111.30
172.86
331.52
537.54
$340,000
15.10
17.61
22.64
25.16
27.68
42.77
62.90
118.25
183.67
352.24
571.13
$360,000
15.98
18.65
23.98
26.64
29.30
45.29
66.60
125.21
194.47
372.96
604.73
$380,000
16.87
19.68
25.31
28.12
30.93
47.80
70.30
132.16
205.28
393.68
638.32
$400,000
17.76
20.72
26.64
29.60
32.56
50.32
74.00
139.12
216.08
414.40
671.92

2009 Retiree Life Insurance Premium Rates
You may enroll in continuation coverage within 60 days after your retirement date. You may enroll in conversion coverage within 60 days of the date your coverage ends. Generally, you may enroll for up to 50 percent of the amount of life insurance coverage you had on the day before your retirement date.
 
The benefit amount will decrease by percentages as you age, beginning at age 65, with coverage decreasing by 35% at age 65, by 50% at age 75 and by 65% at age 75.
 
If you are retiring and your spouse or domestic partner is also a state employee, you can roll over your current optional life insurance coverage premium to the other employee's payroll deduction.
 
To enroll in conversion or continuation coverage, you must complete the Retiree Life Insurance Application and submit it directly to the insurance carrier.
 


2009 Retiree Life Insurance Monthly Premium Rates
Age
55-59
60-64
65-69
70-74
75-79
80-84
85-89
AMOUNT
  
10,000
$5.50
$7.50
$15.00
$25.00
$37.50
$55.00
$82.00
20,000
11.00
15.00
30.00
50.00
75.00
110.00
164.00
30,000
16.50
22.50
45.00
75.00
112.50
165.00
246.00
40,000
22.00
30.00
60.00
100.00
150.00
220.00
328.00
50,000
27.50
37.50
75.00
125.00
187.50
275.00
410.00
60,000
33.00
45.00
90.00
150.00
225.00
330.00
492.00
70,000
38.50
52.50
105.00
175.00
262.50
385.00
574.00
80,000
44.00
60.00
120.00
200.00
300.00
440.00
656.00
90,000
49.50
67.50
135.00
225.00
337.50
495.00
738.00
100,000
55.00
75.00
150.00
250.00
375.00
550.00
820.00
110,000
60.50
82.50
165.00
275.00
412.50
605.00
902.00
120,000
66.00
90.00
180.00
300.00
450.00
660.00
984.00
130,000
71.50
97.50
195.00
325.00
487.50
715.00
1,066.00
140,000
77.00
105.00
210.00
350.00
525.00
770.00
1,148.00
150,000
82.50
112.50
225.00
375.00
562.50
825.00
1,230.00
160,000
88.00
120.00
240.00
400.00
600.00
880.00
1,312.00
170,000
93.50
127.50
255.00
425.00
637.50
935.00
1,394.00
180,000
99.00
135.00
270.00
450.00
675.00
990.00
1,476.00
190,000
104.50
142.50
285.00
475.00
712.50
1,045.00
1,558.00
200,000
110.00
150.00
300.00
500.00
750.00
1,100.00
1,640.00

 
Page updated: October 01, 2009

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