$3,500 Monthly Benefit — Disability Insurance
Annual Deduction | Monthly Deduction | 1st Year Periods | |
---|---|---|---|
Long Term Disability ($3,500) | $918.55 | $83.50 | 11 months (July 1 to May 31) |
Accidental Death & Dismemberment ($50,000) | $14.71 | $1.34 | 11 months (July 1 to May 31) |
Term Life Insurance ($150,000) | $35.31 | N/A | 6 months (July 1 to December 31) |
Monthly Convenience Charge | N/A | $2.00 | |
TOTAL PREMIUM | $968.57 | $86.84 |
Annual Deduction
If you decide to pay annually, the total amount will be withdrawn on or around July 2. For your second or subsequent years:
- Your long term disability and accidental death & dismemberment premium will be withdrawn on or around June 1.
- Your term life premium will be withdrawn on or around January 2.
Monthly Deduction Option
If you decide to pay monthly:
- your first monthly payment will be withdrawn on or around June 10.
- Your annual term life premium will be withdrawn on or around July 2, and for your second and any subsequent years, it will be withdrawn on or around January 2.
$4,000 Monthly Benefit — Disability Insurance
Annual Deduction | Monthly Deduction | 1st Year Period | |
---|---|---|---|
Long Term Disability ($4,000 monthly) | $1,035.76 | $94.16 | 11 months (July 1 to May 31) |
Accidental Death & Dismemberment ($50,000) | $14.71 | $1.34 | 11 months (July 1 to May 31) |
Term Life Insurance ($150,000) | $35.31 | N/A | 6 months (July 1 to December 31) |
Monthly Convenience Charge | N/A | $2.00 | |
TOTAL PREMIUM | $1,085.78 | $97.50 |
Annual Deduction
If you decide to pay annually, the total amount will be withdrawn on or around July 2. For your second or subsequent years:
- Your long term disability and accidental death & dismemberment premium will be withdrawn on or around June 1.
- Your term life premium will be withdrawn on or around January 2.
Monthly Deduction Option
If you decide to pay monthly:
- your first monthly payment will be withdrawn on or around June 10.
- Your annual term life premium will be withdrawn on or around July 2, and for your second and any subsequent years, it will be withdrawn on or around January 2.