Alliance Benefits

Life Insurance

Basic Life for U.S. Employees

To help give you and your family extra peace of mind, the C&MA provides you with the following coverage as part of your medical plan package:

$30,000 Basic Life insurance
$30,000 Accidental Death & Dismemberment

Voluntary Life

If you choose, you may purchase additional life insurance coverage for yourself up to $250,000, for your spouse up to $50,000, and for your child(ren) up to $10,000.

To begin or increase Voluntary Life Insurance after the 30-day eligibility period, ask Alliance Benefits how to apply, subject to approval.
For active employees age 65 and up, coverage decreases to a percentage of the full benefit.

Retiree Life Insurance
Alliance Benefits offers $7,500 of Basic Life insurance coverage to eligible retirees, which does not reduce with age. The cost of this coverage is $5 per month. To qualify, you must meet the following criteria:

You must have at least 20 years of service with the C&MA..
You must retire from the C&MA at age 65 or older and must no longer be employed full-time by the C&MA.
You must be enrolled in C&MA life insurance at the time of retirement.
You must inform Alliance Benefits within 30 days of your retirement.

Monthly Rates for Voluntary Life Insurance

(per $1,000 of coverage)

Age	Employee Rate	Spouse Rate
	$10,000 – $250,000 in $10,000 increments	$5,000 – $50,000 in $5,000 increments, up to 50% of employee’s coverage
< 30	$0.091	$0.088
30–34	0.103	0.095
35–39	0.124	0.113
40–44	0.186	0.163
45–49	0.309	0.266
50–54	0.510	0.426
55–59	0.819	0.656
60–64	1.061	1.012
65–69	1.408	1.756
70–79	2.890
80+	7.665

Monthly Rates for Dependent Children