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Reso 2016-2522
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Reso 2016-2522
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Last modified
3/2/2016 3:17:08 PM
Creation date
3/2/2016 3:17:06 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2016-2522
Date (mm/dd/yyyy)
02/18/2016
Description
Employee Insurance: Cigna/Humana/Lincoln Financial by Brown & Brown
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March 2016 Voluntary Life Insurance Comparison for City of Sunny Isles <br /> Lincoln <br /> Classes <br /> Class I All Eligible Employees <br /> g p oyees <br /> Benefit <br /> increments of$10,000 to <br /> the lessor of 7 times <br /> Class I Benefit salaray or$500,000 <br /> increments of$5,000 to <br /> $250,000,not to exceed <br /> 50%of employee <br /> Spouse coverage <br /> 14 Days to Age 21 (Age <br /> 25 if Student):$10,000, <br /> not to exceed 50%of <br /> Children employee coverage <br /> $150,000 Employee, <br /> $50,000 Spouse,$10,000 <br /> Guarantee Issue Child <br /> Minimum participation 28% <br /> Portability Included <br /> Rates per$1,000 <br /> • <br /> Under 25 $0.120 <br /> 25-29 $0.120 <br /> 30-34 $0.130 <br /> 35-39 $0.190 <br /> 40-44 $0.310 <br /> 45-49 $0.510 <br /> 50-54 $0.770 <br /> 55-59 $1.140 <br /> 60-64 $1.880 <br /> 65-69 $3.400 <br /> 70-74 $4.800 <br /> 75-79 $10.380 <br /> 80-84 $10.380 <br /> 85-89 $10.380 <br /> 90-100 $10.380 <br /> Child $0.200 <br /> Rate Guarantee in months Until 2/29/2017 <br /> rown <br /> ro n <br /> BENEFIT The information outlined is based on census data provided.Final rates are subject to underwriting. <br /> COVSULTAN1S This proposal is illustrative.Policy and certificate of coverage will supersede. 2/11/2016 <br />
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