Semiannual Premium Contributions

Coverage Level* Member Under Age 70 Member Age 70 and Over Spouse** Under Age 70 Spouse** Age 70 and Over All Children**
$ 50,000 $ 14.25 $22.00 $13.00 $22.00 $5.00
 100,000    28.50   44.00   26.00   44.00  
 150,000    42.75 N/A   39.00 N/A (For
 200,000    57.00 N/A   52.00 N/A $10,000
 250,000    71.24 N/A   65.00 N/A coverage
 300,000    85.50 N/A N/A N/A for each
 350,000    98.50 N/A N/A N/A child)
 400,000   111.50 N/A N/A N/A  
 450,000   124.50 N/A N/A N/A
 500,000   137.50 N/A N/A N/A  

* Coverage reduces to a maximum amount of $100,000 for members and/or spouses on the premium due date coinciding with, or next following member's attainment of age 70.
** Rates are based on member's age.

Note: A $2.00 administrative fee is added for billing modes other than annual.

The premium contributions shown above reflect the 2013 rates and benefit structure. New York Life may change premium contributions on any premium due date but not more than once in any twelve-month period, and on any date on which benefits are changed. Your rate 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 all the same issue age or benefit amount. Benefit option amounts are subject to change by agreement between New York Life and the Policyholder.