Supplemental life insurance costs
The good news is your company offers life insurance as part of an employee benefits package. The bad news is it may not be enough. You may need to look into supplemental life insurance to fill in The cost of supplemental life insurance will increase with your age or with an increase in the amount of coverage you have. An increase in cost resulting from a change in your age will become effective on the first of the month in which you have a birthday when your age bracket changes. Supplemental Life Insurance Costs. You pay the premiums for Supplemental Life Insurance coverage. Costs for employee and spouse/domestic partner life insurance are based on the covered individual’s age and coverage level chosen. Costs for dependent child coverage are based on the coverage level you select only.