Employee & Dependent Life Insurance

           

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.

Age and rate information

Employee Age	Premium per $1,000
Under 30	0.018
30-34	0.022
35-39	0.027
40-44	0.040
45-49	0.065
50-54	0.106
55-59	0.158
60-64	0.251
65-69	0.398
70 and over	0.811

Dependent Life Insurance

$7,500 for spouse and  $5,000 for each dependent child - bi-weekly premium $0.95.

Optional Dependent Life Insurance

Spouse/Domestic Partner $10,000.  Child(ren) $5,000 each; bi-weekly premium, $2.92.

Voluntary AD&D

The basis for principal sum and cost is the employee annual base compensation. Premiums are automatically adjusted as annual base compensation may change. The AD&D Insurance coverage is available at an employee only or employee and dependent(s) level.

Annual Base Salary	Principal Sum	Employee Only	Employee & Dependent(s)
$15,000 to $20,000	$80,000	$1.12	$1.76
$20,000 to $40,000	$1000,000	$1.40	$2.20
$40,000 +	$150,000	$2.10	$3.30

 

Making Life Insurance Policy Changes

City of St. Louis employees may make changes to their life insurance policy through the City at any time. To make a beneficiary change, increase or decrease the amount of coverage, or to add or drop a policy, a consolidated enrollment form will need to be completed and returned to The City of Saint Louis Employee Benefits Section.

Additionally, for optional life insurance 4 or 5 times Basic Annual compensation and dependent life insurance, an evidence of insurability form will need to be submitted as well. 

Certificate and Portability information