2026_1_1_Unum_Life_Rates.pdf

PDF 163 KB Posted

Attached to
RFP 26036 ¿ ACCGOV VOLUNTARY, DISABILITY, LIFE & FML BENEFITS
Solicitation number
PE-62960-NONST-2026-000000111
Issued by
Clayton County, Georgia

About this file

This is a life insurance rate schedule document for the Unified Government of Athens-Clarke County, Georgia, detailing premium rates for Unum Life Insurance policy 951718 effective for the 2026 plan year. The document outlines coverage options and monthly rates for all full-time employees within the closed group as defined on July 1, 2015, including basic life benefits, contributory life benefits, and dependent coverage for spouses and children. Basic life insurance is offered at $0.195 per $1,000 of benefit, while contributory life benefits are available at $0.251 per $1,000. Spouse coverage provides four options ranging from no coverage to $50,000 in benefits, with monthly rates varying from $1.39 to $4.59 depending on the selected benefit level. Children's coverage is available in three options providing $5,000 to $15,000 in benefits per child unit, with monthly rates ranging from $0.54 to $1.65. Accidental Death and Dismemberment (AD&D) insurance is provided at a flat rate of $0.03 per $1,000 of benefit for both basic and contributory coverage.

Retired employees are offered life insurance at $32.00 per $10,000 of benefit and spouse coverage at $5.56 per $1,000 of benefit. The rates presented serve as the baseline for the county's voluntary benefits offerings, which are being solicited for competitive proposals through RFP 26036 for the 2027 plan year. The new agreement is intended to become effective January 1, 2027, with vendor selection and contract execution anticipated prior to that date. Interested vendors must submit proposals through the OpenGov Procurement platform, which requires creation of a free account and submission of all questions through the OpenGov Q&A tool.

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Text version

LIFE INSURANCE

policy 951718

Employee:

Basic Life Benefit:

All Full-Time employees, Closed Group of Employees on file with Unum and the Employer, Commissioners, Mayor as of July 1, 2015 (Closed Group) Monthly Rate of: $ .195 per $1,000 of life insurance benefit.

Contributory Life Benefits:

All Full-Time Employees, Closed Group of Employees on file with Unum and the Employer, Commissioners, Mayor as of July 1, 2015 (Closed Group) Monthly Rate of: $ .251 per $1,000 of life insurance benefit.

Retired Employees:

Retirees Monthly Rate of: $ 32.00 per $10,000 of life insurance benefit.

Dependent:

Spouse:

All Full-Time Employees, Closed Group of Employees on file with Unum and the Employer, Commissioners, Mayor as of July 1, 2015 (Closed Group)

OPTION A

No Coverage

OPTION B

Monthly Rate of: $ 1.39 per $15,000 of life insurance benefit.

OPTION C

Monthly Rate of: $ 2.30 per $25,000 of life insurance benefit.

OPTION D

Monthly Rate of: $ 4.59 per $50,000 of life insurance benefit.

Retirees Monthly Rate of: $5.56 per $1,000 of life insurance benefit.

Children:

The total dependent life amount for which a child is insured under this plan is subject to the maximum benefit available at certain ages.

All Full-Time Employees, Closed Group of Employees on file with Unum and the Employer, Commissioners, Mayor as of July 1, 2015 (Closed Group)

OPTION A

No Coverage

OPTION B

Per Child Unit: Monthly Rate of: $ .54 per $5,000 of life insurance benefit.

OPTION C

Per Child Unit: Monthly Rate of: $ 1.11 per $10,000 of life insurance benefit.

OPTION D

Per Child Unit: Monthly Rate of: $ 1.65 per $15,000 of life insurance benefit.

ACCIDENTAL DEATH AND DISMEMBERMENT

INSURANCE

INITIAL RATE

Employee:

Basic AD&D Benefit:

Monthly Rate of: $ .03 per $1,000 of accidental death and dismemberment insurance benefit.

Contributory AD&D Benefits:

Monthly Rate of: $ .03 per $1,000 of accidental death and dismemberment insurance benefit.

File details come from the government source that posted it. Updated .