State of Rhode Island Employee

Basic and Supplemental Group Life Insurance Rates

Provider: The Hartford

Group Policy # 804857

Coverage Overview:

Rhode Island State employees working at least 20 hours per week are eligible for group term life insurance coverage provided by The Hartford. There are three levels of coverage available: basic, 1-times-salary supplemental (“1X supplemental”) and 2-times-salary supplemental (“2X supplemental”).

Subject to the age reduction rule (more details in the “Coverage Information” section below) and maximum policy values, the value of State employee life insurance coverage is based on the total annual salary of the employee (excluding overtime) rounded to the next highest $1,000.  The maximum policy value for basic and 1X supplemental coverage is each $150,000.  The maximum policy value for 2X supplemental coverage is the lesser of two times the salary rounded to the next highest $1,000 or $300,000. 

Unless coverage is waived at hire, State employees are automatically enrolled in basic coverage without having to satisfy evidence of insurability (EOI) requirements with The Hartford. They may also choose to enroll in supplemental coverage at the time of hire without having to satisfy The Hartford’s EOI requirements. More information on EOI can be found on the “Enrollment/Waiver” section below.

Employees pay the full cost for life insurance coverage.

Accidental death and dismemberment coverage is included in basic coverage, and it does not require an additional premium.

Premium Rates:

Premium rates are quoted per $1,000 of coverage.

Example: A 30-year old employee earning $43,217 per year is enrolled in basic and supplemental life insurance

• His basic and supplemental life insurance would each provide coverage of $44,000 (rounded up to the nearest $1,000)
• Since premium rates are quoted per $1,000 of coverage, he would have $44,000 / $1,000 = 44 units of coverage
• Assuming he is on the 26 pay period schedule, his biweekly premium cost would be:
  • 44 x $0.2010 = $8.84 for basic coverage (all deducted pre-tax because the policy value is less than $50,000)
  • 44 x $0.0370 = $1.63 for supplemental coverage

• • The premium attributable to $6,000 of supplemental policy value would be deducted pre-tax: 6 x $0.0370 = $0.22 (when added to the $8.84 pre-tax deduction for basic coverage above, the total pre-tax premium deduction would be $9.06)
  • The premium attributable to the remaining $38,000 of supplemental policy value would be deducted post-tax: 38 x $0.0370 = $1.41

Life Insurance Rates – 26 & 20 Pay Period Employees

More Information on The Hartford Group Life Insurance Policy

Revised July 2024