Compare rates and save with the SAF Term Life Plan
Semiannual premiums for Member and Spouse
GROUP TERM LIFE INSURANCE WITH ACCIDENTAL DEATH & DISMEMBERMENT
BENEFIT AMOUNT
Member Age
$40,000
$80,000
$100,000
Under 25
22.64
45.31
56.46
25-29
24.00
48.00
60.00
30-34
26.62
53.23
66.54
35-39
34.99
69.98
87.48
40-44
55.99
111.98
139.98
45-49
84.00
168.00
210.00
50-54
156.00
312.00
390.00
55-59**
240.00
480.00
600.00
Premiums are based on Member’s age when entering the program and increase as the Member reaches a new age bracket. Premiums shown are SEMIANNUAL. You have a choice of annual, semiannual, or quarterly premium billing modes. For annual rates multiply the rate shown above by two; for quarterly rates divide by two. The Insurance Company reserves the right to change rates on a group basis.
Rates and/or benefits may be changed on a class basis. Rates are based on the attained age of the Insured Person and increase as you enter each new age category.
** For participants age 60 and over, see the “Reduced Coverage Schedule” below.
REDUCED COVERAGE SCHEDULE FOR SAF MEMBERS AGE 60 AND OVER
If coverage under age 60 is:
$40,000
$80,000
$100,000
It reduces to the amount shown at age 60:
26,400
52,800
66,000
It reduces to the amount shown at age 65:
11,200
22,400
28,000
It reduces to the amount shown at age 70:
4,000
8,000
10,000
Coverage reduces as shown above on the first of the month on or after an insured’s 60th, 65th, and 70th birthdays. Spouse benefits will reduce proportionately with member’s benefit reduction. The Accidental Death & Dismemberment coverage is included until member reaches age 70. The Critical Illness coverage is included until the member reaches age 65. All coverage ends at age 80.
Underwritten By Hartford Life and Accident Insurance Company, Simsbury, CT.