AFFORDABLE PREMIUMS

The chart displays the annual cost of insurance per $10,000 of coverage. Rates are based on your (or your spouse’s) attained age, sex, smoking status, and amount of coverage requested. Rates increase on the premium due date coinciding with your (or your spouse’s) entry into a new age group. To determine your total annual premium simply follow these three easy steps:

  1 Determine the level of coverage ($ amount) you want and locate the appropriate chart.
  2 Find your age group in the far left column, then work your way across the page until you locate the $ figure beneath your gender and smoking-type. This number represents your cost of insurance per $10,000 of coverage.
  3 Multiply the figure in step 2 by the number of $10,000 units you would like to purchase. For example: a non-smoking male, age 49, applying for $300,000 of coverage would multiply $12.12 times 30 for a total cost of $363.60 per year.

APSIT Group Term Life Insurance Plan
Current Annual Rates
Per $10,000 Of Coverage For Member Or Spouse

  COVERAGE AMOUNTS UNDER $250,000
  
 
Smoker
Non-Smoker
  
Age Group
Male
Female
Male
Female
0-39
$6.29
$3.77
$5.03
$3.02
40-44
$9.62
$5.77
$7.70
$4.62
45-49
$16.84
$10.10
$13.47
$8.08
50-54
$28.94
$17.37
$23.15
$13.89
55-59
$48.69
$29.22
$38.96
$23.37



  COVERAGE AMOUNTS FROM $250,000 TO $490,000
 		 
 
Smoker
Non-Smoker
  
Age Group
Male
Female
Male
Female
0-39
$5.66
$3.40
$4.53
$2.72
40-44
$8.66
$5.19
$6.93
$4.16
45-49
$15.15
$9.09
$12.12
$7.27
50-54
$26.05
$15.63
$20.84
$12.50
55-59
$43.83
$26.30
$35.06
$21.04

 

  COVERAGE AMOUNTS OF $500,000 & HIGHER
 		 
 
Smoker
Non-Smoker
  
Age Group
Male
Female
Male
Female
0-39
$5.09
$3.06
$4.07
$2.44
40-44
$7.79
$4.68
$6.23
$3.74
45-49
$13.64
$8.18
$10.91
$6.55
50-54
$23.44
$14.07
$18.75
$11.25
55-59
$39.44
$23.67
$31.55
$18.93

The annual premium for all eligible children is $12.00.

To calculate a semi-annual premium, divide your total annual premium (including spouse and children, if applicable) by two and add an administrative fee of 50 cents.

Rates shown are current and may be changed by New York Life on any premium due date and on any date on which benefits are changed. However, your rates may change for all others in the same class of insureds under the Group Policy. For example, a class of insureds is a group of people with the same age and gender.

Future benefits are subject to change by agreement between New York Life and the Trustees of APSIT.

Contact the Plan Administrator for rates over age 59.


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