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Term Life
1.
Low Cost Term and Whole Life Insurance Policy Rate Quote
Compare thousands of insurance plans with a few clicks of the mouse!
2.
Business Owned Life Insurance
GAO’s preliminary work indicated that no comprehensive data are available
on the uses of business-owned life insurance policies; however, businesses
can purchase these policies to fund current and future employee benefits
and receive tax advantages in the process. Federal bank regulators have
collected some financial information on banks’ and thrifts’ business-owned
life insurance holdings, but the data are not comprehensive and do not
address the uses of the policies. The Securities and Exchange Commission
(SEC), the IRS, state insurance regulators, and insurance companies told
GAO that they generally have not collected comprehensive data on the sales
or purchases of these policies or on their intended uses, because they have
not had a need for such data in fulfilling their regulatory missions. In an
effort to collect comprehensive data, GAO considered surveying insurance
companies about their sales of business-owned...
3.
Federal Employees’ Group Life Insurance:
Federal Employees’ Group Life Insurance:
Age Bands and Premiums
Biweekly Life Insurance Premiums
(effective January 11, 2004)
BASIC LIFE INSURANCE
Employee withholding: 15.00 cents per $1,000 coverage
Government contribution: 7.50 cents per $1,000 coverage
OPTION A OPTION B
(per $1,000)
OPTION C
(per multiple)
Under 35
35-39
40-44
45-49
50-54
55-59
60 and over
$0.30
$0.40
$0.60
$0.90
$1.40
$2.70
$6.00
Under 35
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80 and over $0.03
$0.04
$0.06
$0.09
$0.14
$0.28
$0.60
$0.71
$1.03
$1.43
$1.83
Under 35
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80 and over
$0.27
$0.34
$0.46
$0.60
$0.90
$1.45
$2.60
$3.00
$3.40
$4.50
$6.00
Effective date of premium increases: When a birthday places you in the next age band,
the new premium is effective the pay period after the birthday.
For more information and definitions of the various life insurance options, please visit the Office of Personnel Management's Web site at http://www.opm.gov/insure/life/FAQs/FAQs-1.htm. If you would like to speak to a Benefits Specialist regarding your coverage, please contact the Benefits staff at 304-480-7564 or send an e-mail to Benefits@bpd.treas.gov.
4.
Life Insurance Benefits
Two types of insurance benefits are available -- basic life insurance and supplemental life insurance. They are described individually in this booklet.
If you are an exempt employee of the State of Ohio, your life insurance benefits are provided through the Ohio Department of Administrative Services, Benefits Administration Services. For more information, contact Benefits Administration Services at (800) 409-1205 or 466-8857 in Columbus.
This booklet is not intended to be a complete representation of the coverage offered under each program. Please see your payroll/personnel officer if you have any questions about this booklet or your benefits.