Note: the 1999 proposed regulations were modified and finalized; see https://benefitslink.com/taxregs/final79.html (click).

Group-Term Insurance; Uniform Premiums

Comparison of 1983 Table to 1999 Proposed Table

BenefitsLink has prepared the following table comparing the 1983 rate table to the rate table proposed in 1999, for purposes of calculating the value of group-term life insurance protection provided by employers in excess of $50,000 per year. (Thanks to reader David Rigby for the idea!)

   TABLE I.--Uniform Premiums for $1,000 of Group-Term Life Insurance
                               Protection
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                                                  Cost per $1,000 of
                                                protection for 1 month

5-year age bracket                            1983 TABLE     PROPOSED
                                                             1999
                                                             TABLE
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Under 25....................................       $0.08        $0.05
25 to 29....................................         .08          .06
30 to 34....................................         .09          .08
35 to 39....................................         .11          .09
40 to 44....................................         .17          .10
45 to 49....................................         .29          .15
50 to 54....................................         .48          .23
55 to 59....................................         .75          .43
60 to 64....................................        1.17          .66
65 to 69....................................        2.10         1.27
70 and above................................        3.76         2.06
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