Employer Bulletin
Local Employers
Vol. 18, Local B
February 23, 2001
Life Insurance Rates Remain Unchanged for Group Life Insurance
Coverage Effective July 1, 2001
Recent claims experience in the Wisconsin Public Employers Group
Life Insurance plan for local government employees has remained
relatively stable. As a result, the Group Insurance Board approved
a recommendation to continue the 2000 employer and employee premium
contribution rates into the year 2001. The spouse and dependent
premium will remain at $2.00 per unit of coverage. The rates for
local government employees are as follows:
| Basic,
Supplemental, and Additional
Monthly
Premium Rate Per $1,000 of Insurance |
| Age |
Effective
7/1/2001 |
| Under
30 |
$.05 |
| 30-34 |
.06 |
| 35-39 |
.07 |
| 40-44 |
.10 |
| 45-49 |
.16 |
| 50-54 |
.30 |
| 55-59 |
.48 |
| 60-64 |
.53 |
| 65-69 |
.60 |
| Over
Age 70 Additional
Monthly
Premium Rate Per $1,000 of Insurance |
| Age |
Effective
7/1/2001 |
| 70 |
$1.25 |
| 71 |
1.50 |
| 72 |
1.75 |
| 73 |
2.00 |
| 74 |
2.25 |
| 75 |
2.50 |
| 76 |
2.75 |
| 77 |
3.05 |
| 78 |
3.40 |
| 79 |
3.75 |
| 80 |
4.15 |
| 81 |
4.60 |
| 82 |
5.10 |
| 83 |
5.60 |
| 84 |
6.15 |
| 85 |
6.75 |
| 86 |
7.40 |
| 87 |
8.10 |
| 88 |
8.80 |
| 89 |
9.60 |
Contact
For more information on the rate structure of the Group Life Insurance
program, please contact Marcia Blumer, Life Insurance Program Manager,
at (608) 266-2640 or e-mail
marcia.blumer@etf.state.wi.us. If you have questions about reporting
life insurance premiums to Minnesota Life Insurance Company (MLIC),
contact Kay Herms at MLIC, (608) 277-8690 or e-mail
Kathleen.Herms@minnesotamutual.com.
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