Personal Accident Insurance pays a benefit based upon a schedule of benefits in the event of accidental death, dismemberment, or permanent total disability as the result of an accident. Individual or family coverage may be purchased in $10,000 increments, with a minimum of $50,000 in coverage to a maximum of 10 times annual salary (up to $750,000).
The monthly premium for each $10,000 unit of Principal Sum is:
- Individual Plan: $0.12/$10,000
- Family Plan: $0.25/$10,000
Sample Rates
| Principal Sum* | Individual Plan ($0.12/$10,000) | Family Plan ($0.25/$10,000) |
|---|---|---|
| $50,000 | $0.75 | $1.35 |
| $100,000 | $1.50 | $2.70 |
| $250,000 | $3.75 | $6.75 |
| $500,000 | $7.50 | $13.50 |
| $750,000 | $11.25 | $20.25 |
*A minimum of $50,000 in coverage to a maximum of 10 times annual salary (up to $750,000) may be selected.
Additional details can be found at Personal Accident Insurance.