321 North Clark Street
Group Accidental Death and Dismemberment Plan Rate Chart
Schedule of Current Benefits and Quarterly Premiums*
Current as of 2007
When comparing rates, please keep in mind that although not promised or guaranteed, this plan is designed to generate dividends that an insured is asked to donate to fund ABE's charitable programs, or members may annually request that dividends be refunded to them. We ask that you leave these dividends with the Endowment. If you do so, you are eligible for a charitable contribution deduction on your individual tax return. (See Assignment of Dividends for further details.)
Benefits for member, spouse, and child reduce 50% at member age 72.
| Member Benefit* | Member Premium |
|---|---|
| $500,000 | $90.00 |
| $400,000 | $72.00 |
| $300,000 | $54.00 |
| $250,000 | $45.00 |
| $100,000 | $18.00 |
| Spouse Benefit* | Spouse Premium |
|---|---|
| $500,000 | $72.50 |
| $400,000 | $58.00 |
| $300,000 | $43.50 |
| $250,000 | $36.25 |
| $100,000 | $14.50 |
| Child Benefit* | Child Premium |
|---|---|
| $50,000 | $6.00 |
| $25,000 | $3.00 |
*Premium rates reflect the current rates and benefit structure. Spouse benefit may not exceed member coverage amount. Benefit options are not guaranteed and are subject to change by agreement between ABE and New York Life.
New York Life reserves the right to change rates on any August 1, and on any date on which benefits are changes. However, your rates may change only if they are changed for all others in the same class of insureds under this group policy. For example, a class of insureds is a group of people with all the same issue age and gender. Premium rates will vary depending on the option chosen.
This policy is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 under Group Policy G-11461-0 on policy form GMR-FACE/G-11461-0.
We will be happy to answer your questions. Just call 1-800-621-8981 or e-mail us at information@abendowment.org