WELCOME TO OPEN ENROLLMENT
Basic Life and AD&D Insurance Plan Year – October 1st through September 30th MetLife
Life and Accidental Death & Dismemberment (AD&D) Coverage is made available through MetLife. Life and AD&D insurance is an important benefit as it provides your beneficiaries financial protection in the event of a tragic loss. Life Insurance PEI/NC provides full-time employees with group life and accidental death and dismemberment (AD&D) insurance in the amount of 1X Annual Salary up to $50,000 and pays for 100% of the coverage. This benefit will reduce: Age 65 Age 70
65% remaining 50% remaining
Voluntary Life and AD&D Insurance Plan Year – October 1st through September 30th MetLife
Employees who would like to supplement their group life insurance may purchase additional coverage. When you enroll yourself and/or your dependents in this benefit, you pay the full cost through payroll deductions. Employee: Increments of $10,000 Maximum Coverage up to 5X Annual Salary to a Maximum of $500,000 Guarantee Issue for members age 70 and under: $50,000 Spouse: Increments of $5,000 Maximum Coverage 50% of employee coverage election with a maximum of $100,000 Guarantee Issue for dependents age 70 and under: $ $25,000 Child(ren): Increments of $1,000 Maximum Coverage 100% of employee coverage elections with a maximum of $10,000
MONTHLY Cost Per $1,000 for Employee and Spouse Life Insurance Coverage Age
<30
Life and AD&D $0.076
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70+
$0.096
$0.106
$0.136
$0.203
$0.318
$0.478
$0.726
$1.286
$2.279
Cost for Child Life Insurance Coverage Dependent Children
$0.29
13
