Supplemental Group Term Life Insurance (SGTL)
The Supplemental Group Term Life Insurance (SGTL) protection plan is in addition to the basic life insurance. It is available at group rates for employees, their spouse, and dependent children. This benefit covers regardless of the cause of death, i.e. illness or accident. An employee can apply for up to six times the annual salary to a maximum of $1,000,000. For active employees, coverage begins to reduce at age 60. The employee's spouse can apply for a maximum of $200,000, and dependents can apply for $3,000, $5,000, or $10,000.
Premium Rates
Effective 6/5/2020
Active Employees and Spouses
(Spouse rates are determined by the spouse's age)
| Age on April 1, 2020 | Monthly Amount per $1,000 Coverage | Age on April 1, 2020 | Monthly Amount per $1,000 Coverage | Age on April 1, 2020 | Monthly Amount per $1,000 Coverage |
| Younger than 35 | $.026 | 44 | $.048 | 54 | $.122 |
| 35 | $.026 | 45 | $.054 | 55 | $.134 |
| 36 | $.028 | 46 | $.060 | 56 | $.150 |
| 37 | $.030 | 47 | $.066 | 57 | $.168 |
| 38 | $.032 | 48 | $.072 | 58 | $.186 |
| 39 | $.034 | 49 | $.078 | 59 | $.206 |
| 40 | $.036 | 50 | $.086 | 60 to 64 | $.288 |
| 41 | $.038 | 51 | $.094 | 65 to 69 | $.508 |
| 42 | $.040 | 52 | $.102 | 70 to 74 | $.857 |
| 43 | $.044 | 53 | $.110 | 75 and older | $1.456 |
Monthly premiums for eligible dependent children, regardless of number, of either active employees or retirees:
- $.44 for $3,000 of coverage
- $.96 for $7,500 of coverage
- $1.74 for $15,000 of coverage
The above premium rates are subject to change at any time. Normally, premium rate changes are effective April 1.
Important Notes
You can change or apply for supplemental life insurance (SGTL) at any time. It is not constrained to the open enrollment period. At the time of enrollment (or increases in coverage) you will need to complete a health questionnaire for each individual. Furthermore, DMBA might contact you to schedule a nurse's visit in your home or office to obtain more health information and samples. Coverage does not go into effect until DMBA approves the application, which can take up to two months.
If a new employee applies for SGTL within 30 days of his/her hire date, there will be $3,000 of guaranteed coverage for the spouse and children even if they would not normally qualify for life insurance.
Changes in premium rates take effect every April 1st. For example, if your birthday is in June, you won't be charged your new premium rate until the following April.
For more information please see DMBA.com or contact our benefits specialist at (808) 675-3490.