Important notice regarding additional life insurance program
Dear Brothers and Sisters:
Effective January 1, 2022 Standard Life Insurance Company is adjusting the Additional Life Insurance premium rate to $8.00 per month or $24.00 per quarter. The benefit remains the same at $20,000.00 for working members.
REMINDER: The benefit is reduced for Retired, Honorary and Disabled Members. The Age Benefit Chart can be viewed below.
| Age | Benefit |
|---|---|
| 50 & Less | $20,000 |
| 50 – 54 years | $14,000 |
| 55 – 59 years | $9,000 |
| 60 – 64 years | $5,000 |
| 65 – 69 years | $3,000 |
| 70 – 74 years | $1,500 |
| 75 + years | $1,000 |