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Supplemental life insurance rates to change Aug. 5

A change in monthly premiums for employees taking advantage of the State Supplemental Life policy will go into effect on the Aug. 5 paycheck. Rates are based on an employee’s age as of July 1, 2011. Employees whose age falls into a new category will notice the premium change. Premiums are based on the scale below:

For example, if you make $10.46 per hour and are 55 years old, you would pay $9.46 per month. If your 56th birthday occurred between July 2, 2010, and July 1, 2011, your rate would change to $16.94 per month, beginning Aug. 5.

If you wish to cancel the premium, please contact Human Resources or your district personnel technician for assistance.

Calculating your monthly premium:
Age	Rate per $1,000 of coverage
35 and younger	$.08
36-40	$.12
41-45	$.17
46-50	$.27
51-55	$.43
56-60	$.77
61-65	$1.04
66-70	$1.59
71-75	$2.27
76-80	$3.43
81-85	$5.11