Assurant Life Voluntary Insurance Rates

Columbia College purchases life insurance for each full-time employee in the amount of twice their annual salary.

Full-time employees can purchase supplemental life insurance for themselves, spouses, and/or children at the following rates. 

Other restrictions may apply.

Rates for employees and spouse (per $1000 covered)
Current Age Non-Smoker Smoker
Under 30 $ .07 $ .13
30 - 34 .08 .14
35 - 39 .11 .19
40 - 44 .18 .31
45 - 49 .26 .57
50 - 54 .43 .92
  55 - 59 .75 1.67
60 - 64 1.18 2.04
65 - 69 1.86 3.28
70 - 74 2.97 5.20
75 and over 5.25 8.75

The dependent life insurance monthly rate covers all dependent children per family unit.
$0.18     $1,000 Benefit
$0.91     $5,000 Benefit
$1.82     $10,000 Benefit

Accidental Death & Dismemberment is available for employee only when the employee has elected voluntary life. The monthly rate is $0.05/month/$1,000 of benefit.