Basic Life Insurance is provided at no cost to all active members, retirees, and annuitants. Active employees receive an amount equal to their annual salary. Retirees and annuitants under age 60 receive an amount equal to their annual salary on their last day of active employment. Retirees and annuitants age 60 or older receive a $5,000 benefit.
Member Optional Life Coverage is available to active members, retirees, and annuitants under age 60 at 1-8 times their Basic Life amount and, to retirees and annuitants age 60 or older, at 1-4 times their Basic Life amount. The maximum benefit allowed for Member Optional Life plus Basic Life is $3,000,000. Rate changes due to age, go into effect the first pay period following the member's birthday.
| Optional Term Life Rate | |
| Member Age | Monthly Rate Per $1,000 |
| Under 30 | $0.03 |
| 30-39 | $0.05 |
| 40-44 | $0.09 |
| 45-49 | $0.12 |
| 50-54 | $0.19 |
| 55-59 | $0.36 |
| 60-64 | $0.56 |
| 65-69 | $1.26 |
| 70 and older | $2.06 |
Accidental Death & Dismemberment (Ad&D) is availbe to eligible memebers in an amount equal to either their Basic Life amount or the combined amount of their Basic and Member Optional Life, subject to a total maximum of 5 times their Basic Life amount or $3,000,000 whichever is less.
| AD&D Monthly Rate Per $1,000 |
| $0.02 |
Spouse Life covererage is availbe in a lump-sum amount of $10,000 for the spouse of active members, retirees, and annuitants under age 60 or $5,000 for the spouse of retirees or annuitants age 60 and older.
| Spouse Life Monthly Rate |
| $5.70 |
Child Life coverage is availble in a lump-sum amount of $10,000 per child. The monthly contribution applies to all dependent children regardless of the number of children enrolled. Eligible children include children age 25 and under or children in the disabled category.
| Child Life Monthly Rate |
| $0.60 |
Metlife
200 Park Ave
New York, NY 10166
1-800-638-5433
Old Main Room 2020
600 Lincoln Avenue
Charleston IL, 61920
217-581-5825
Fax: 217-581-3614
benefits@eiu.edu
