LIFE INSURANCE
BASIC LIFE/AD&D INSURANCE
New York Life
800-225-5695 | www.newyorklife.com
| Coverage | Maximum | |
| Basic Life Insurance | 1x Annual Salary | $250,000 |
| Basic Accidental Death & Dismemberment Insurance | 1x Annual Salary* | $250,000 |
Basic benefits are 100% covered by Famous. Benefits reduce by 50% at age 70.
*Management and Union benefit classes may be eligible for higher coverage.
VOLUNTARY AD&D INSURANCE
New York Life
800-225-5695 | www.newyorklife.com
| Coverage | Maximum | |
| Associate Accidental Death & Dismemberment Insurance | $500,000 maximum (limited to 7x annual salary or $500,000) | $0.023 |
| Spouse Accidental Death & Dismemberment Insurance | $250,000 Max | $0.023 |
| Child Accidental Death & Dismemberment Insurance | $10,000 flat amount | $0.023 |
Bi-weekly rates are per $1,000 of coverage. Coverage amounts may be elected in $10,000 increments. Benefits reduce starting at age 70.
VOLUNTARY LIFE INSURANCE
New York Life
800-225-5695 | www.newyorklife.com
Guarantee Issue Amounts apply to coverage options. Benefits reduce by 50% at age 70.
| SERVICES & COVERAGE | ||
| Coverage | Bi-weekly Rates | |
| Associate Life Insurance | $500,000 maximum - $10,000 increments (limited to 7x annual salary) | See chart |
| Spouse Life Insurance | $250,000 maximum - $5,000 increments (limited to 50% of associate coverage election) | Spouse coverage rates based on age of associate |
| Child Life Insurance | $500 (birth to 14 days) $10,000 (age 15 days to 26 years) | See chart |
| BI-WEEKLY RATES | |
| Age | Rate |
| 0-24 | $0.0323 |
| 25-29 | $0.0323 |
| 30-34 | $0.0323 |
| 35-39 | $0.0508 |
| 40-44 | $0.0738 |
| 45-49 | $0.1246 |
| 50-54 | $0.1892 |
| 55-59 | $0.2908 |
| 60-64 | $0.5585 |
| 65-69 | $1.0015 |
| 70-74 | $1.4169 |
| 75-79 | $3.0600 |
| 80-99 | $3.0600 |
Bi-weekly rates are per $1,000 of coverage.
