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LTD COST SCHEDULE: <br />Rates Per $100 of Covered Monthly Earnin s Volume = $586,860) <br />BASIC LIFE COST SCHEDULE: <br />Rates Per Sl _000 of Coverage (Volume: S5.666.0001 <br />Current <br />Standard* <br />Taxable Rate: <br />$0.45 <br />$0.44 <br />Monthly Premium: <br />$2,640.87 <br />$2,582.18 <br />Annual Premium: <br />$31,690.44 <br />$30,986.16 <br />Difference: <br />$0 <br />$704.28 <br />Monthly Admin: <br />$350.00 <br />$0.04 <br />Rate Guarantee: <br />12 Months <br />24 Months <br />BASIC LIFE COST SCHEDULE: <br />Rates Per Sl _000 of Coverage (Volume: S5.666.0001 <br />OPTIONAL LIFE COST <br />Current <br />Standard* <br />Life: <br />$0.13 <br />$0.10 <br />AD &D: <br />$0.03 <br />$0.04 <br />Total: <br />$0.16 <br />$0.14 <br />Monthly Premium: <br />$906.56 <br />$793.24 <br />Monthly Admin: <br />$350.00 <br />$0.04 <br />30 - 34: <br />0.07 <br />N/A <br />Monthly Total: <br />$1,256.56 <br />$793.24 <br />Annual Total: <br />$15,078.72 <br />$9,518.88 <br />Difference <br />$0 <br />$5,559.84 <br />Rate Guarantee <br />3 year <br />2 year <br />OPTIONAL LIFE COST <br />SCHEDULE <br />2003 <br />2004 <br />Employee & Spouse <br />Employee & <br />Spouse <br /><29: <br />$0.06 <br />$0.04 <br />30 - 34: <br />0.07 <br />0.05 <br />35 - 39: <br />0.09 <br />0.06 <br />40 - 44: <br />0.15 <br />0.10 <br />45 - 49: <br />0.25 <br />0.15 <br />50 - 54: <br />0.39 <br />0.23 <br />55 - 59: <br />0.64 <br />0.40 <br />60 - 64: <br />0.71 <br />0.55 <br />65 - 69: <br />1.12 <br />0.85 <br />70 + :: <br />1.37 <br />0.95 <br />$0.21 per $1,000 of <br />$0.05 per <br />$1,000 of <br />Dependent Cost <br />coverage <br />$2.10/$10,0 for each <br />coverage <br />($0.50 /$10,000) <br />child <br />per family <br />Council Action Requested: <br />Motion authorizing staff to sign and implement an agreement with Standard Insurance Co. for the provision of <br />employee Life and LTD insurance for the period January 1, 2004 to December 31, 2004. <br />a <br />