Supplemental Life and AD&D
Supplemental Life and AD&D Rates
Employees may elect supplemental life insurance in $10,000 increments. If you elect coverage for yourself, you may elect coverage for your spouse/domestic partner and/or dependent children.
You may elect spouse/domestic partner coverage in increments of $10,000 with the minimum elected amount being $10,000 and the maximum amount $500,000.
You may elect coverage for dependent children in the amount of $10,000.
You do not have to elect voluntary life insurance for yourself in order to elect coverage for your dependents.
Spouses/domestic partners can receive up to 100% of your life insurance amount to the plan maximum, including the basic life insurance you receive from 8×8.
| Employee and Spouse Supplemental Life Insurance Rates |
| Employee Age |
Monthly rate per $1,000 of coverage |
| Under 20 |
$0.050 |
| 20-24 |
$0.055 |
| 25-29 |
$0.060 |
| 30-34 |
$0.080 |
| 35-39 |
$0.090 |
| 40-44 |
$0.112 |
| 45-49 |
$0.192 |
| 50-54 |
$0.322 |
| 55-59 |
$0.553 |
| 60-64 |
$0.662 |
| 65-69 |
$1.270 |
| 70+ |
$2.060 |
| Supplemental Children Life Insurance Rates |
| Monthly cost for all eligible children |
| Monthly Rate per $1,000 of coverage |
| $0.143 |
Supplemental Accidental Death and Dismemberment (AD&D) Insurance Rates
|
Monthly rate per $1,000 of coverage |
| Employee |
$0.025 |
| Spouse/Domestic Partner |
$0.025 |
| Child |
$0.025 |
Guaranteed Issue Amounts
|
Guarantee Issue |
Increments |
Minimum |
Maximum |
| Employee |
$150,000 |
$10,000 |
$10,000 |
$500,000 |
| Spouse/Domestic Partner |
$50,000 |
$10,000 |
$10,000 |
$500,000 |
| Child |
$10,000 |
$10,000 |
$10,000 |
$10,000 |
How Do I Calculate My Cost for Supplemental Life?
- Step 1: Enter the amount of coverage you’d like for you, your spouse, and your child(ren).
- Step 2: Divide each amount by $1,000.
- Step 3: Using the rates table find the appropriate rate per $1,000 of coverage for each person.
- Step 4: Multiply each answer from step 2 by the appropriate rate.
- Step 5: Add your answers from Step 4 together to find your total monthly cost.
