Weekly Associate Cost per $10,000 covered pay.
|
Age |
Weekly Associate Cost per $10,000 |
|
<25 |
0.42 |
|
25-29 |
0.58 |
|
30-34 |
0.73 |
|
35-39 |
0.94 |
|
40-44 |
1.44 |
|
45-49 |
1.85 |
|
50-54 |
2.42 |
|
55-59 |
3.15 |
|
60+ |
2.83 |
Example of Calculating the Cost of Long-Term Disability Insurance
The cost of Long-Term Disability to a 42 year-old Associate making $25,000 annually is calculated as follows:
Covered Pay |
$25,000 |
|
Divided by $10,000 |
$25,000 divided by $10,000 |
2.5 |
|
x Weekly Associate Cost |
2.5 times 1.44 |
$3.60/ week |
|
