Our Life, Accidental Death & Dismemberment and Long-term Disability Insurance carrier will remain the Hartford in 2024.  Remaining the same in 2024, your Basic Life and Accidental Death & Dismemberment (AD&D) coverage will be the greater of $50,000 or 1x your salary rounded to the next higher $1,000. All current supplemental coverage and beneficiary designations remain the same.

Employer-paid life insurance in excess of $50,000 is subject to tax under IRS guidelines.  See the Imputed Income Explanation for details.  Any additional taxable income will be calculated automatically beginning in January.  Note, if your Basic Life Insurance is less than $50,000 there is no taxable income.

There have been no changes in rates for the Employee Voluntary Life and spouse /partner age brackets as listed below.  There has also been no change in dependent child life rates and AD&D rates.  If you or a covered spouse/partner changed age brackets you will see an increase in costs.  The age brackets and rates are listed below:

Age	2024 Spouse Monthly Rate Per $10,000	2024 Employee Monthly Rate Per $10,000
Under 25	$0.60	$0.60
25 – 29	$0.60	$0.60
30 – 34	$0.70	$0.80
35 – 39	$0.90	$0.90
40 – 44	$1.27	$1.20
45 – 49	$2.04	$1.90
50 – 54	$3.65	$3.30
55 – 59	$5.86	$5.40
60 – 64	$6.88	$6.60
65 – 69	$11.73	$12.70
70+	$31.78	$30.30

To make any changes to your Life or AD&D coverage for yourself or your dependents for January 1, 2024, please contact Human Resources during the Annual Enrollment Period – November 7th through November 22nd.

(Instructions for making changes to your 2023 benefit elections)