Life Insurance
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Benefits-eligible employees are eligible for life insurance beginning on the first day of employment. Basic life insurance, which is 1x the employee's annual salary, is paid 100% by Bethel. Employees also have the option to elect additional life insurance at their own cost, based on their age. If you are currently enrolled in Additional Life Insurance for an amount less than $200,000, you may elect to increase your coverage by one or two increments of $5,000 annually, up to, but not to exceed, the guarantee issue amount of $200,000 without having to answer health questions. Spouse coverage may be purchased in $5,000 increments up to $250,000 with the guarantee issue amount of $50,000. The voluntary child life benefit can be purchased in $2,000 increments up to a maximum of $10,000.
Basic and supplemental life insurance also include accidental death and dismemberment (AD&D) coverage for the employee. Additional coverage may be purchased. The cost of the coverage is $0.30 per $10,000 for employee coverage and $0.49 per $10,000 for family coverage.
Bethel's Life Insurance Provider: Standard Insurance Company
888.414.0389
2024 Monthly Supplemental Life Insurance Premiums
| Age (As of January 1st) | Employee's Rate (per $1,000 of coverage) | Spouse's Rate (per $1,000 in coverage) |
| Under 25 | $0.05 | $0.05 |
| 25 - 29 | $0.06 | $0.06 |
| 30 - 34 | $0.08 | $0.08 |
| 35 - 39 | $0.09 | $0.09 |
| 40 - 44 | $0.13 | $0.13 |
| 45 - 49 | $0.18 | $0.18 |
| 50 - 54 | $0.28 | $0.28 |
| 55 - 59 | $0.52 | $0.52 |
| 60 - 64 | $0.715 | $0.715 |
| 65 - 69 | $1.27 | $1.27 |
| Over 70 | $2.67 | $2.67 |
*Please note that life insurance rates for the employee are based on the employee's age. Rates for the spouse are based on the spouse's age.
*Your spouse and children may only be covered if you are covered.
Employees have the option to choose whether supplemental life insurance premiums come out of their paycheck pre-tax or post-tax.
Life Insurance Plan Document:
Life Insurance Summary Plan DescriptionAdditional Life Highlight
Voluntary Accidental Death & Dismemberment Insurance Highlight
If you choose to apply for an amount over the guarantee issue amount, visit https://myeoi.standard.com/643586 to complete and submit a medical history statement online.