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   Schedule of Benefits for Retirees 



Retiree Schedule of Benefits for Voluntary Term Life Insurance

(NCPERS)



  MEMBER DEPENDENT
Member's Age at Time of Claim Group Term Life Insurance Group Accidental Death & Dismemberment Insurance Total Benefit For Accidental Death Group Term Life Insurance
Spouse Child(ren)
45 - 49 $40,000 $100,000 $140,000 $15,000 $4,000
50 - 54 $30,000 $100,000 $130,000 $10,000 $4,000
55 - 59 $18,000 $100,000 $118,000 $7,000 $4,000
60 - 64 $12,000 $100,000 $112,000 $5,000 $4,000
65 - 69 $7,000 $7,000 $14,000 $4,000 $4,000
70 - 74 $6,000 $6,000 $12,000 $3,000 $4,000
75 - 79 $5,000 $5,000 $10,000 $2,000 $4,000
80 - 84 $4,000 $4,000 $8,000 $2,000 $4,000
85 and over $3,000 $3,000 $6,000 $2,000 $4,000
The total cost of coverage for the Member, their Spouse and eligible Children is $16 per month. Payment is made by payroll deduction.
Unmarried children age 14 days but less than 21 years old are covered, including adopted children, stepchildren, and foster children who depend on you for support. Dependents in military service are not eligible.

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