Below is what you pay per month for coverage through bi-weekly payroll deductions.
Supplemental Employee / Spouse Life Insurance Rates
To calculate your monthly cost for coverage beyond the basic coverage provided by Catalina, use the formula and rate table below.
FORMULA:
EXAMPLE:
Your elected benefit amount
×(multiplied by)
Rate from table below
÷(divided by)
$1,000
=(equals)
Your monthly cost for supplemental life coverage:
$150,000
×(multiplied by)
$0.16
÷(divided by)
$1,000
=(equals)
$24
| Age of employee or spouse | Bi-Weekly Rate (cost per $1,000 of coverage) |
Monthly Rate (cost per $1,000 of coverage) |
|---|---|---|
| Under 25 | $0.28 | $0.06 |
| 25 - 29 | $0.03 | $0.06 |
| 30 - 34 | $0.04 | $0.08 |
| 35 - 39 | $0.05 | $0.10 |
| 40 - 44 | $0.07 | $0.16 |
| 45 - 49 | $0.12 | $0.26 |
| 50 - 54 | $0.21 | $0.45 |
| 55 - 59 | $0.34 | $0.74 |
| 60 - 64 | $0.40 | $0.87 |
| 65 - 69 | $0.67 | $1.46 |
| 70 or older | $1.92 | $4.17 |
Supplemental Child Life Insurance
| Elected Coverage Amount | Bi-Weekly |
Monthly |
|---|---|---|
| $10,000 | $1.08 | $2.34 |
| $20,000 | $2.16 | $4.68 |
Optional Accidental Death and Dismemberment
Optional AD&D Rate = $.015 per $1,000 of Coverage
Coverage is equal to 2x your annual base pay. Divide the total coverage by $1,000 and then multiply by $.015 to get your monthly cost for Optional AD&D coverage. To get to the bi-weekly cost, further multiply your monthly cost by 12 and then divide by 26.