HUMAN RESOURCES at MIT

Supplemental Life Insurance Rates

You pay the full cost of supplemental life insurance coverage through payroll deduction. Life Insurance rates are listed below:

SUPPLEMENTAL LIFE
Age on January 1
Monthly Cost per $1,000
of Coverage
Under age 30
$.043
Age 30 - 39
$.056
Age 40 - 44
$.071
Age 45 - 49
$.140
Age 50 - 54
$.211
Age 55 - 59
$.337
Age 60 - 64
$.465
Age 65 - 69
$.816
Age 70 - 74
$1.299
Age 75 - 79
$1.970
Age 80 +
$3.003

Note: Supplemental life insurance may be purchased in amounts of one to five times base annual salary. Available amounts will be reduced at age 65. This coverage is purchased on an after-tax basis.