BOARD OF REGENTS

SUPPLEMENTAL LIFE INSURANCE PREMIUM RATES

 

Effective January 1st, 2004

 

Attained Age as of December 31st of the current year

Monthly Rate

Less than 25

0.09

25 but less than 30

0.10

30 but less than 35

0.12

35 but less than 40

0.13

40 but less than 45

0.15

45 but less than 50

0.20

50 but less than 55

0.29

55 but less than 60

0.52

60 but less than 65

0.80

65 but less than 70

1.55

70 and over

2.46

 

Rates are for each $1,000 of insurance and include a charge for Accidental Death and Dismemberment (AD&D) benefits except at age 70 when AD&D is cancelled.

 

* The life insurance premium is based on the individual's attained age as of December 31st of the current year. For example, someone who had a 50th birthday on November 18, 2007, would have started paying premiums based on the age of 50 but less than 55 bracket, effective January 1, 2007.

 

DEPENDENT LIFE INSURANCE

 

SPOUSE:                                                                                                         $10,000

CHILD(REN):                         2 weeks but less than 6 months old                   $2,000

                                                                                                6 months but less than 19 years old                   $10,000

                                                                                                19 years but less than 26 years old                    $10,000

(if full-time, unmarried student)

 

$4.70 Monthly Premium