Professional Overhead Expense Disability Insurance Plan
Current Schedule of Benefits And Quarterly Premiums as of 2015
| Monthly Benefits | ||||||||
|---|---|---|---|---|---|---|---|---|
| Age | Base Premium Per $100 |
$500 | $1,000 | $2,000 | $4,000 | $6,000 | $8,000 | $10,000 |
| Under 35 | $1.00 | 5.00 | 10.00 | 20.00 | 40.00 | 60.00 | 80.00 | 100.00 |
| 35-39 | $1.13 | 5.63 | 11.25 | 22.50 | 45.00 | 67.50 | 90.00 | 113.00 |
| 40-44 | $1.65 | 8.25 | 16.50 | 33.00 | 66.00 | 99.00 | 132.00 | 165.00 |
| 45-49 | $2.38 | 11.87 | 23.75 | 47.50 | 95.00 | 142.50 | 190.00 | 238.00 |
| 50-54 | $3.75 | 18.75 | 37.50 | 75.00 | 150.00 | 225.00 | 300.00 | 375.00 |
| 55-59 | $5.00 | 25.00 | 50.00 | 100.00 | 200.00 | 300.00 | 400.00 | 500.00 |
| 60-64 | $7.50 | 37.50 | 75.00 | 150.00 | 300.00 | 450.00 | 600.00 | 750.00 |
| 65-69* | $11.00 | 55.00 | 110.00 | 220.00 | 440.00 | 660.00 | 880.00 | 1,100.00 |
| 70-74* | $15.00 | 75.00 | 150.00 | 300.00 | 600.00 | 900.00 | 1,200.00 | 2,250.00 |
* For renewal purposes only.
If you desire a benefit level that is not listed, simply use the BASE PREMIUM PER $100 OF COVERAGE column. Find the base premium at your current age and multiply it by the number of $100 coverage units you desire, up to a maximum of 100 coverage units.
In any rate and benefit comparison, keep in mind that the intent of this plan is to generate dividends. Dividends are not promised or guaranteed. We ask that you donate these dividends to ABE. If you do so, you will be eligible for a charitable contribution deduction on your individual tax return. Members may also annually request that dividends be refunded to them. (See Assignment of Dividends for further details.)
Premiums are based on the member's age when coverage becomes effective and increase on the July 1, on or next following, attainment of ages 35, 40, 45, 50, 55, 60, 65 and 70. Coverage terminates at age 75.
Benefits options are not guaranteed and are subject to change by agreement between New York Life Insurance Company and ABE. Premium contributions may be changed by New York Life Insurance Company on any premium due date and on any date on which benefits are changed. However, your rates may change only if they are changed for all others in the same class of insureds under this group policy. For example, a class of insureds is a group of people with the same issue age and gender. Premiums will vary depending on the benefit chosen.
Premiums may vary due to rounding when billed.
Underwritten by New York Life Insurance Company, 51 Madison Ave, New York, NY 10010 under Group Policy G-5381-0 on policy form GMR-FACE/G-5381-0.
We will be happy to answer your questions. Just call 800-621-8981 or email us at information@abendowment.org
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