Rates
Monthly Costs* for Supplemental Term Life
You have the option to purchase Supplemental Term Life Insurance. Listed below are your monthly rates (based on your age as of your last birthday).
| Employee Optional/Supplemental Rates | |
|---|---|
| Monthly Cost of Insurance per $1,000 coverage unit | |
| Age | Rate Column |
| Under 25 | $0.026 |
| 25 - 29 | $0.026 |
| 30-34 | $0.026 |
| 35-39 | $0.037 |
| 40-44 | $0.053 |
| 45-49 | $0.065 |
| 50-54 | $0.103 |
| 55-59 | $0.194 |
| 60-64 | $0.227 |
| 65-69 | $0.501 |
| 70-74 | $1.277 |
| 75-79 | $1.277 |
| 80+ | $1.277 |
*Note: When a member becomes insured for Supplemental Life Insurance, the premium rate will be based on the member’s age as of the date the member elected Supplemental Life Insurance. Subsequently, the member’s age on each “salary freeze date” will determine the premium rate and changes will become effective at the beginning of the next plan year.
Rates are subject to the policy’s right to change premium rates, and the employer’s right to change employee contributions.
Use the table below to calculate your premium based on the amount of life insurance you will need.
Example: $100,000 Supplemental Life Coverage
| 1. Enter the rate from the table (example age 36) | $0.037 | $ _______________ |
|---|---|---|
| 2. Enter the amount of insurance in thousands of dollars (Example: for $100,000 of coverage enter $100) |
100 | ________________ |
| 3. Monthly premium (1) x (2) | $3.70 | $ ________________ |
Repeat the three easy steps above to determine the cost for each coverage selected.
How much life insurance should you have?
Like most group insurance policies, insurance policies offered by MetLife contain certain exclusions, exceptions, waiting periods, reductions, limitations and terms for keeping them in force. Ask your MetLife group representative for costs and complete details.
Copyright 2003-19 Metropolitan Life Insurance Company, 200 Park Ave., New York, NY 10166 - All Rights Reserved.