Life Insurance

Group Term Life Insurance

We provide group term life insurance to full-time US employees through Principal. The policy covers loss of limbs, loss of eyesight and loss of life with a benefit up to a $50,000.00. You will need to pick your beneficiary as part of your enrollment.

Additional Life Insurance

Beginning in 2020, you have the option to buy additional coverage in $10,000 increments up to $300,000. The first $100,000 of additional coverage is guaranteed regardless of pre existing conditions. If you choose to buy more than $100,000 worth of coverage, Principal will require information about your health.

If you elect coverage for yourself, you can also buy coverage for your spouse. Spousal coverage is offered in $5,000 increments up to $100,000. If you choose to buy your spouse more than $30,000 worth of coverage, Principal will require information about their health.

Monthly Rate Per $1,000 of Coverage per Person

Age	Non-Smoker	Smoker
29 & under	$.060	$.093
30- 34	$.066	$.103
35- 39	$.098	$.153
40- 44	$.152	$.236
45- 49	$.245	$.382
50- 54	$.394	$.613
55- 59	$.615	$.957
60- 64	$.946	$.1.472
65- 69	$1.561	$2.434
70 & over	$2.666	$4.157