Basic Life, Supplemental Life and AD&D Rates
We provide basic life insurance, plus the opportunity to purchase supplemental life insurance. As a Stanford employee, you are automatically enrolled in our basic life insurance program. There is no cost to employees for basic life and coverage is 1x salary up to a max of $50,000.
Download the Life Insurance Rate Calculator to plug in your information and receive a per pay-period cost calculation.
Basic Life
| COVERAGE AMOUNT | PAY PERIOD COST |
|---|---|
| Up to $50,000.00 | University Paid |
Supplemental Life Rates - Individual and Spouse
These are the 2021 rates per pay period for supplemental life insurance as well as for supplemental accidental death and dismemberment insurance for employees and/or dependents.
| AGE* | PER PERSON PAY PERIOD COST PER $1,000** |
|---|---|
| under 25 | $0.01 |
| 25 – 29 | $0.01 |
| 30 – 34 | $0.01 |
| 35 – 39 | $0.015 |
| 40 – 44 | $0.015 |
| 45 – 49 | $0.025 |
| 50 – 54 | $0.035 |
| 55 – 59 | $0.07 |
| 60 – 64 | $0.13 |
| 65 – 69 | $0.255 |
| 70-74 | $0.525 |
| 75+ | $0.55 |
Supplemental Life Rates - Child(ren)
| COVERAGE AMOUNT | PER CHILD PAY PERIOD COST PER $1,000** |
|---|---|
| $5,000.00 | $0.25 |
| $10,000.00 | $0.50 |
| $25,000.00 | $1.25 |
Accidental Death & Dismemberment (AD&D)
Coverage Pay period Cost per $1,000**
| Employee | $0.005 |
| Spouse | $0.01 |
| Child | $0.004 |
* The cost per pay period can change the following year if you age into a new bracket or have a salary change.
** The rates apply through December 31, 2024.