COMPANY PAID BASIC LIFE / AD&D
Basic Life insurance is paid for by nbkc bank, and the amount is based on the classifications below:
| Mortgage Loan Officers/Originators, Loan Originator Managers | Salaried Managers and Officers (excluding LO) | Employees |
|---|---|---|
| $75,000 | 3x annual salary up to a maximum of $500,000 | 2x annual salary up to $500,000 |
Basic Accidental Death & Dismemberment (AD&D) insurance is also paid for by nbkc bank, and the amount is equal to your Basic Life coverage amount. Basic AD&D pays a benefit for loss of life or other injuries resulting from a covered accident.
VOLUNTARY LIFE / AD&D
Additional Life and AD&D coverage may be purchased in $10,000 increments up to 7 times your basic annual earnings, not to exceed $500,000. Evidence of Insurability (EOI) is required if you elect an amount over $200,000. If you do not enroll during your new hire enrollment period, you will be required to complete EOI for any amount of coverage elected in the future.
Spouse Life/AD&D Insurance
Spouse coverage may be purchased in increments of $5,000 up to $250,000 or 50% of your elected coverage, whichever is less. EOI will be required for amounts greater than $50,000.
| Monthly Employee/Spouse Rates | |
|---|---|
| Age Range | Monthly Rate/$1,000 |
| O-24 | 0.045 |
| Ages 25-29 | 0.054 |
| Ages 30-34 | 0.072 |
| Ages 35-39 | 0.081 |
| Ages 40-44 | 0.090 |
| Ages 45-49 | 0.135 |
| Ages 50-54 | 0.207 |
| Ages 55-59 | 0.378 |
| Ages 60-64 | 0.594 |
| Ages 65-69 | 1.143 |
| Ages 70+ | 1.853 |
| Employee AD&D | 0.015 |
| Spouse AD&D | 0.020 |
Child Life/AD&D Insurance
Child coverage may be purchased in $2,500 increments up to $10,000 or 50% of your elected coverage, whichever is less. You may purchase coverage for your children age 14 days to 26 years. Note that when you choose to cover your children, all of your eligible children are covered. Your cost remains the same regardless of how many children are covered.
| Monthly Child(ren) Rates | |
|---|---|
| Age Range | Monthly Rate/$1,000 |
| 14 days-26 years | 0.085 |
| Child AD&D | 0.010 |
Beneficiary
When you enroll in the life insurance plan, you must name a beneficiary – the person(s) who receive benefits under the plan upon your death.
Contact Information
Life Insurance
- Prudential – group
- 888-598-5671
- prudential.com
- Group # 11597
Contact Information
- nbkc human resources
- Human. Resources@nbkc.com