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Employee Benefits Renewal Analysis <br />Renewal Date: 3/1/2026 <br />Group Life/AD&D <br />Schedule of Benefits <br />CURRENTIRENEWAL <br />Mutual of Omaha <br />Class Description <br />All FT City Managers & Attourney's <br />All FT Department Managers <br />i c $500,Qa0, <br />All Other FT Employees <br />1x S_�la+to.$300 QQQ <br />.0 O,,,,;?'i <br />Guarantee Issue <br />Reduction of Benefits <br />at age 65 <br />e <br />�� jp`f <br />at age 70Y� <br />at age 75 <br />PolicyProvisions <br />Actively at Work <br />Waiver of Premium <br />Portability—rthQtE�q�m <br />e rr `1ti ; F<r <br />Conversion Privilege <br />4a' MEMO e X low u <br />Employer Contribution <br />M? <br />Participation Requirement <br />a n fir: <br />Rate Guarantee (from renewal date) <br />s, ,, <br />---- <br />Rate Guarantee End Date.f <br />Estimated Rates & Volume <br />Estimated Life Rate per $1,000 of Coverage <br />"tY <br />sru <br />Estimated AD&D Rate per $1,000 Coverage <br />Estimated Life Volume <br />"62528�;`�;1is: <br />_tsprs <br />Estimated AD&D Volumes,. <br />Estimated -Annual Premium <br />$32,505 <br />Variance from Current ($) <br />$0:, <br />Variance from Current <br />Participants 275 <br />As per IRS Section 79: <br />1. Premiums paid by employers to fund group insurance in excess of $50,000 are taxable income to <br />employees. <br />2. Consult with your tax advisor to ensure compliance with Section 79. <br />3. Active at work requirement: Employees not "actively at work" on the first day of coverage will remain <br />covered under the prior carrier until they meet the "active at work requirement" under the new carrier. <br />Brown & Brown Insurance, Inc. 32 <br />751 <br />