Life Insurance

Benefits-eligible employees qualify for life insurance beginning on their first day of employment. Bethel covers 100% of the cost for basic life insurance, which provides coverage equal to one times the employee's annual salary. Employees may also choose to purchase additional life insurance at their own expense, with rates based on age.

If you are currently enrolled in additional life insurance for an amount less than $200,000, you can increase your coverage by one or two increments of $5,000 annually—up to but not exceeding the guaranteed issue amount of $200,000—without answering health questions. Spouse coverage is available for purchase in $5,000 increments, up to $250,000, with a guaranteed issue amount of $50,000. Voluntary child life insurance can be purchased in $2,000 increments, up to a maximum of $10,000.

Basic and supplemental life insurance include accidental death and dismemberment (AD&D) coverage for the employee. Additional coverage can be purchased at a cost of $0.30 per $10,000 for employee coverage and $0.49 per $10,000 for family coverage.

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
Customer Service Number: 888.414.0389

Monthly supplemental life insurance premiums for 2024

Age (As of January 1)	Employee rate* (per $1,000 of coverage)	Spouse 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 are based on the employee's age, while rates for a spouse are based on the spouse's age.

^*Your spouse and children can only be covered if you are covered.

Employees can choose whether supplemental life insurance premiums are deducted from their paycheck on a pre-tax or post-tax basis.

Life insurance plan documents

• Life Insurance Summary Plan Description (pdf)
• Additional Life Highlight (pdf)
• Voluntary Accidental Death & Dismemberment Insurance Highlight (pdf)

If you choose to apply for an amount over the guarantee issue amount, visit myeoi.standard.com/643586 to complete and submit a medical history statement online.

Life insurance for 2025

Benefits-eligible employees qualify for life insurance beginning on their first day of employment. Bethel's life insurance provider is Voya Insurance.

Basic life insurance, which provides coverage equal to one times the employee's annual salary, is 100% paid by Bethel.

Employees may also elect additional life insurance at their own expense, with rates based on age. During the initial enrollment period, employees can elect up to $200,000 in additional coverage without providing evidence of insurability. Coverage is available in increments of 0.5 to 3.0 times basic annual earnings, rounded to the next $1,000, with a maximum of $500,000 in increments of 0.5 times basic annual earnings.

Spouse coverage for additional life insurance is available in increments of $5,000, ranging from $5,000 to $250,000. During the initial enrollment period, up to $50,000 in spouse coverage can be elected without providing evidence of insurability. Spouse coverage cannot exceed 100% of the employee's approved supplemental life insurance amount.