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 supplemental life insurance at their own cost, based on their age.Coverage can be elected in increments of 1, 2 or 3 times their annual earnings up to $500,000. New employees are able to select up to $125,000 of coverage during initial enrollment without answering any medical questions.
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 CompanyCustomer Service Number:
888.414.0389
2023 Monthly Additional Life Insurance Premiums (coverage in 1, 2, or 3 times annual salary increments)
| Age | Employee's Cost (per $1,000 of coverage) |
| Under 25 | $0.08 |
| 25-29 | $0.09 |
| 30-34 | $0.11 |
| 35-39 | $0.12 |
| 40-44 | $0.16 |
| 45-49 | $0.21 |
| 50-54 | $0.31 |
| 55 - 59 | $0.55 |
| 60 - 64 | $0.745 |
| 65 - 69 | $1.30 |
| Over 70 | $2.70 |
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: