2013 Insurance and Disability Rates

2013 Insurance and Disability Rates

by Church Life Insurance Corporation

Group Life Insurance and Disability Premium Rates

Effective January 1, 2013

Group Life and AD&D Premium rates, effective January 1, 2013

Church Life Insurance Corporation (“Church Life”) is pleased to announce that there will be no change to the group life insurance and AD&D premium rates for 2013 unless we have renegotiated your group life contract.

The supplemental group life insurance premium rates will also stay the same.

Disability Premium rates, effective January 1, 2013

Short-term Disability for Lay Employees
There will be no change to the short-term disability plan premium for lay employees.

 Salary Ranges    Monthly Premium
 Less than $25,000       
 $ 8.00
 $25,000 to $44,999   
 $17.50
 $45,000 and above    $32.00

Employer-provided Long-Term Disability Plan

There will be no change to the Employer-provided Long Term Disability benefit premium for 2013. Premium rates will continue to be $.67 per $100 of monthly covered payroll.

- The maximum salary cap for the 50% clergy coverage is $120,000 of covered payroll ($60,000 is 50% of $120,000, which is the maximum disability benefit of $5,000/mo)

- The maximum salary cap for the 66 2/3% lay plan is $90,000 of covered payroll rounded up to nearest $1,000 ($60,000 is 66 2l3% of $90,000 which is the maximum disability benefit of $5,000/mo)

Voluntary Long-Term Disability Plan

There will be no change to the Voluntary Long Term Disability plan premium for 2013. The monthly premium rates are noted below.

   
 
 Lay Employees       Clergy
       Long-Term Disability       Long Term Disability
Salary Ranges
     

25% Option      
50% Option        
 25% Option     
50% Option
 Less than $25,000     $12    $18      $14    $23
 $25,000 to $44,999      $22    $37      $26    $44
 $45,000 and above      $43    $72      $50    $86



Life insurance is issued by Church Life Insurance Corporation, 445 Fifth Avenue, New York, NY 10016. Products and features may not be available in all states. For complete details of coverage, please consult the actual insurance contract.

Short and Long-Term Disability Insurance is underwritten by First Unum Life Insurance Company, New York, NY as Policy Numbers 461621, 560475 and 465268. All benefits are approved and paid through First Unum.

Policy Form Series
CLIC/PF96A
CLIC/GIC96A
CLIC/DISRIDER

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