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 ManagersSalaried Managers and Officers (excluding LO)Employees
$75,0003x annual salary up to a maximum of $500,0002x 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.

Age RangeEmployee Rate/$1,000Spouse Rate/$1,000
O-240.060.065
Ages 25-290.0690.074
Ages 30-340.0870.092
Ages 35-390.0960.101
Ages 40-440.1050.11
Ages 45-490.150.155
Ages 50-540.2220.227
Ages 55-590.4020.407
Ages 60-640.6090.614
Ages 65-691.1581.163
Ages 70+1.8681.873

Child Life/AD&D Insurance

Child coverage may be purchased for $10,000. 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.

Age RangeMonthly Rate/$1,000
ALL0.095

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.

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Life Insurance

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