Life Insurance

Basic Life Insurance

Unum

VET provides Basic Life and AD&D insurance at no cost to employees. Full-time employees receive a basic life benefit in the amount $50,000.

Accidental death and dismemberment (AD&D) insurance is provided at the same level as an employee’s Basic Life amount.

Resources

Life Planning Financial and Legal Flyer

Worldwide Travel Assistance Employee Education Flyer

Voluntary Life Insurance

Employee

$10,000 increments
Maximum up to $500,000
Guarantee issue up $250,000

Spouse

Maximum is up to 50% of employee coverage with maximum of $250,000
Guarantee issue up to $50,000

Children

From age day 1 to 6 month – $1000 benefit
From age 6 months to age 26 $10,000 benefit
Bi-weekly premium: $.092 per election

Bi-Weekly Premium Rates:
Based on per $10,000 coverage

Bi-weekly Cost	Employee per $10,000 coverage	Spouse per $5,000 coverage
Age	Life Premium Rate	Life & AD&D Premium Rates
15-24	0.277	0.138
25-29	0.277	0.138
30-34	0.369	0.185
35-39	0.462	0.231
40-44	0.646	0.323
45-49	1.062	0.531
50-54	1.615	0.808
55-59	2.769	1.385
60-64	4.523	2.262
65-69	7.338	3.669
70-74	11.862	5.931
75+	20.031	10.015

Calculate Your Bi-Weekly Premium
Multiply the premium rate by the amount of coverage you purchase for yourself or your spouse.

Resources

Voluntary Life Benefits Summary