51+ Employees: Life Plans: Premiums

Premiums
The employer pays the premiums. Premiums are payable monthly and rates are guaranteed through September 2014.

Monthly rates per $1,000 of covered payroll
Firms of 2 or more

Age	Monthly Rates
20-24	$0.026
25-29	$0.030
30-34	$0.039
35-39	$0.057
40-44	$0.082
45-49	$0.131
50-54	$0.207
55-59	$0.316
60-64	$0.484
65-69	$0.831
70-74	$1.481
75-79	$2.657
80-84	$2.657
85-89	$2.657
Additional Cost – AD&D Benefit Rate	$.02

Covered payroll means the eligible employee's annual rate of earnings, not to exceed: Class 1 - $50,000 per year or Class 2 - $100,000 per year. Minimum $10,000.

For additional information

Firms with 2- 9 employees
Contact:  Banyan Administrators, LLC - Managers for the CalCPA ProtectPlus Programs (877) 480-7923

Firms with 10+ employees
Contact: Hover Insurance Services, Inc. (800) 805-9480

 

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