Life Insurance Premium Rates

EFFECTIVE JANUARY 1, 2006

STANDARD LIFE INSURANCE

Standard Life Insurance -- Term life insurance is available to employees at the time of hire. The effective date of the insurance is the first of the month following date of hire.  All benefit eligible employees will receive a $10,000 term life policy at no cost. Supplemental insurance is available in amounts equal to 1, 2, 3, 4, or 5 times the annual salary and paid by the employee. Dependent life insurance for spouses, domestic partners and dependent children and grandchildren up to age 25 that are also full-time students is also available. Employees not enrolling at the time of hire may participate in the program at a later date only with evidence of insurability.

Supplemental Coverage

   Guaranteed amount up to $300,000.  Maximum benefit up to $600,000 with "Evidence of Insurability".  May purchase 1 to 5 times employees annual salary.

Dependent Coverage - (Individual employee must be enrolled in supplemental life coverage)

Fixed rates to cover all dependents:

    $  .96        24 Pay Periods
    $1.92        Monthly (12)
    $2.56        Monthly (  9)

Coverage:    Spouse or Domestic Partner: $5,000
                    Each Child:                           $2,000

If you reach an age shown below, the amount of insurance will be the amount determined from the Schedule of Insurance, multiplied by the appropriate percentage below.

Life and AD&D Insurance:

            Age                        Percentage
       65 through 69              65%
       70 through 74              50%
       75 and over                 35%