5 Year Banded Term Life Insurance Plan
Schedule of Benefits And Quarterly Premiums as of 2011/2012
Quarterly Preferred And Standard Premium Schedule Per $10,000 Unit
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.)
| For Member Benefit Amounts of: | ||||||||
|---|---|---|---|---|---|---|---|---|
| Member Age | A $20,000-$90,000 |
B $100,000-$290,000 |
C $300,000-$490,000 |
D $500,000-$750,000 |
||||
| Preferred | Standard | Preferred | Standard | Preferred | Standard | Preferred | Standard | |
| Non-Smoker | Non-Smoker | Non-Smoker | Non-Smoker | |||||
| Under 30 | $1.70 | $2.50 | $1.40 | $2.10 | $1.20 | $1.90 | $1.10 | $1.80 |
| 30 - 34 | $2.00 | $2.80 | $1.60 | $2.40 | $1.50 | $2.20 | $1.40 | $2.10 |
| 35 - 39 | $3.00 | $4.50 | $2.50 | $3.70 | $2.40 | $3.40 | $2.30 | $3.20 |
| 40 - 44 | $4.80 | $6.70 | $3.90 | $5.60 | $3.60 | $5.10 | $3.40 | $4.80 |
| 45 - 49 | $8.20 | $12.40 | $6.70 | $10.20 | $6.20 | $9.40 | $5.90 | $8.90 |
| 50 - 54 | $13.90 | $20.50 | $11.50 | $16.90 | $10.60 | $15.70 | $10.00 | $14.90 |
| 55 - 59* | $23.60 | $29.20 | $19.40 | $24.10 | $18.00 | $22.30 | $17.10 | $21.20 |
| For Spouse Benefit Amounts of: | ||||||||
|---|---|---|---|---|---|---|---|---|
| Member Age | A $20,000-$90,000 |
B $100,000-$290,000 |
C $300,000-$490,000 |
D $500,000-$750,000 |
||||
| Preferred | Standard | Preferred | Standard | Preferred | Standard | Preferred | Standard | |
| Non-Smoker | Non-Smoker | Non-Smoker | Non-Smoker | |||||
| Under 30 | $1.60 | $2.30 | $1.30 | $2.00 | $1.10 | $1.80 | $1.00 | $1.70 |
| 30 - 34 | $1.80 | $2.60 | $1.60 | $2.30 | $1.40 | $2.10 | $1.30 | $2.00 |
| 35 - 39 | $2.50 | $3.60 | $2.00 | $3.00 | $1.80 | $2.75 | $1.70 | $2.60 |
| 40 - 44 | $3.40 | $4.80 | $2.80 | $4.00 | $2.50 | $3.65 | $2.40 | $3.50 |
| 45 - 49 | $5.80 | $8.50 | $4.80 | $7.00 | $4.40 | $6.45 | $4.20 | $6.10 |
| 50 - 54 | $10.00 | $14.90 | $8.20 | $12.30 | $7.60 | $11.43 | $7.20 | $10.80 |
| 55 - 59* | $16.90 | $23.30 | $14.10 | $19.20 | $12.90 | $17.78 | $12.20 | $16.90 |
Premium rates for Member and spouse are based on the Member's age when coverage becomes effective and increase on the June 1st on or next following a change in age as shown in the schedule. These are the current rates and reflect current benefit structure. New York Life reserves the right to change rates on any premium due date and on any date on which benefits are changed. 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. Premiums will vary, depending on the option chosen. Benefit options are not guaranteed and are subject to change by agreement between New York Life and ABE.
Due to rounding, premiums may differ by pennies when billed.
Child's Schedule of Benefits and Quarterly Premium: $5,000 coverage. One $2.50 quarterly premium covers all eligible dependent children regardless of number.
