Employee and Dependent Life Insurance

Employee and Dependent Life Insurance is offered through Minnesota Life

Employee Life Insurance

One times Basic Annual compensation is paid by employer at no cost to the employee.  Maximum amount of $250,000.

Optional Employee Life Insurance

One, two, three, four, or five times salary rounded to the highest $1,000.  Maximum amount of $500,000.

Dependent Life Insurance

$5,000 for spouse and each dependent child - $0.42.

Optional Dependent Life Insurance

Spouse/Domestic Partner $10,000.  Child(ren) $5,000 each.

Voluntary AD&D

Employee can cover self or family.  Rate per $10,000 per bi-weekly period:

Employee Plan - $0.13

Class 1:  $20,000

Class 2:  $40,000

Class 3:  $80,000

Class 4:  $100.000

Class 5:  $150,000

Family Plan - $0.18 (Percentages reflect % of employee's principal sum):

Spouse/domestic partner (with children):     40%

Spouse/domestic partner (no children):        50%

Each child (with spouse/domestic partner):  10%

Each child (no spouse/domestic partner):     15%

 

 

 

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