Rates Effective March 1, 2026
|
Policy Face Amount Up to and Including |
Basic Premium |
Policy Face Amount Up to and Including |
Basic Premium |
Policy Face Amount Up to and Including |
Basic Premium |
Policy Face Amount Up to and Including |
Basic Premium |
|
$25,000 |
$308 |
$44,000 |
$428 |
$63,000 |
$547 |
$82,000 |
$667 |
|
25,500 |
310 |
44,500 |
431 |
63,500 |
551 |
82,500 |
672 |
|
26,000 |
314 |
45,000 |
434 |
64,000 |
554 |
83,000 |
675 |
|
26,500 |
317 |
45,500 |
437 |
64,500 |
557 |
83,500 |
677 |
|
27,000 |
319 |
46,000 |
440 |
65,000 |
560 |
84,000 |
680 |
|
27,500 |
322 |
46,500 |
444 |
65,500 |
563 |
84,500 |
684 |
|
28,000 |
325 |
47,000 |
446 |
66,000 |
567 |
85,000 |
687 |
|
28,500 |
328 |
47,500 |
448 |
66,500 |
571 |
85,500 |
689 |
|
29,000 |
333 |
48,000 |
453 |
67,000 |
574 |
86,000 |
692 |
|
29,500 |
336 |
48,500 |
457 |
67,500 |
575 |
86,500 |
697 |
|
30,000 |
339 |
49,000 |
460 |
68,000 |
579 |
87,000 |
701 |
|
30,500 |
341 |
49,500 |
462 |
68,500 |
582 |
87,500 |
703 |
|
31,000 |
345 |
50,000 |
465 |
69,000 |
585 |
88,000 |
705 |
|
31,500 |
348 |
50,500 |
468 |
69,500 |
588 |
88,500 |
709 |
|
32,000 |
351 |
51,000 |
470 |
70,000 |
592 |
89,000 |
713 |
|
32,500 |
355 |
51,500 |
474 |
70,500 |
596 |
89,500 |
715 |
|
33,000 |
357 |
52,000 |
478 |
71,000 |
599 |
90,000 |
718 |
|
33,500 |
361 |
52,500 |
482 |
71,500 |
601 |
90,500 |
721 |
|
34,000 |
364 |
53,000 |
484 |
72,000 |
604 |
91,000 |
725 |
|
34,500 |
368 |
53,500 |
488 |
72,500 |
608 |
91,500 |
729 |
|
35,000 |
371 |
54,000 |
491 |
73,000 |
611 |
92,000 |
731 |
|
35,500 |
373 |
54,500 |
493 |
73,500 |
613 |
92,500 |
734 |
|
36,000 |
376 |
55,000 |
496 |
74,000 |
617 |
93,000 |
737 |
|
36,500 |
380 |
55,500 |
499 |
74,500 |
621 |
93,500 |
741 |
|
37,000 |
383 |
56,000 |
504 |
75,000 |
625 |
94,000 |
742 |
|
37,500 |
386 |
56,500 |
507 |
75,500 |
627 |
94,500 |
747 |
|
38,000 |
390 |
57,000 |
509 |
76,000 |
629 |
95,000 |
751 |
|
38,500 |
393 |
57,500 |
513 |
76,500 |
632 |
95,500 |
754 |
|
39,000 |
395 |
58,000 |
517 |
77,000 |
636 |
96,000 |
755 |
|
39,500 |
399 |
58,500 |
519 |
77,500 |
639 |
96,500 |
759 |
|
40,000 |
401 |
59,000 |
522 |
78,000 |
643 |
97,000 |
763 |
|
40,500 |
406 |
59,500 |
525 |
78,500 |
646 |
97,500 |
766 |
|
41,000 |
408 |
60,000 |
529 |
79,000 |
650 |
98,000 |
769 |
|
41,500 |
412 |
60,500 |
533 |
79,500 |
651 |
98,500 |
773 |
|
42,000 |
415 |
61,000 |
536 |
80,000 |
655 |
99,000 |
776 |
|
42,500 |
418 |
61,500 |
537 |
80,500 |
658 |
99,500 |
779 |
|
43,000 |
420 |
62,000 |
541 |
81,000 |
662 |
100,000 |
780 |
|
43,500 |
424 |
62,500 |
545 |
81,500 |
664 |
|
|
Basic premium for policies in excess of $100,000 shall be calculated according to the steps below:
- Step 1 In column (1), find the range including the policy's face value.
- Step 2 Subtract the value in column (2) from the policy's face value.
- Step 3 Multiply the result in Step 2 by the value in column (3), and round to the nearest dollar.
- Step 4 Add the value in column (4) to the result of the value from Step 3.
(See calculation examples following the table below)
Title Basic Premium Calculation for Policies in Excess of $100,000
| (1) Policy Range |
(2) Subtract |
(3) Multiply by |
(4) Add |
| [$100,001 - $1,000,000] | 100,000 | 0.00494 | $780 |
| [$1,000,001 - $5,000,000] | 1,000,000 | 0.00406 | $5,226 |
| [$5,000,001 - $15,000,000] | 5,000,000 | 0.00335 | $21,466 |
| [$15,000,001 - $25,000,000] | 15,000,000 | 0.00238 | $54,966 |
| [$25,000,001 - $50,000,000] | 25,000,000 | 0.00143 | $78,766 |
| [$50,000,001 - $100,000,000] | 50,000,000 | 0.00129 | $114,516 |
| [Greater than $100,000,000] | 100,000,000 | 0.00116 | $179,016 |
Examples
| Policy Value | Basic Premium |
| $268,500 | $1,612 |
| $4,826,600 | $20,762 |
| $10,902,800 | $41,240 |
| $17,295,100 | $60,428 |
| $39,351,800 | $99,289 |
| $75,300,200 | $147,153 |
| $151,250,300 | $238,466 |
Examples for Policies in Excess of $100,000
Example 1:
(1) Policy is $268,500(2) Subtract $100,000 ==> $268,500 -$100,000 ==> Result = $168,500
(3) Multiply by 00494==> $168,500 x 0.00494 ==> Result = $832
(4) Add $780 ==> $832 + $780 ==> Final Result = $1,612
Example 2:
(1) Policy is $4,826,600(2) Subtract $1,000,000 ==> $4,826,600 - $1,000,000 ==> Result = $3,826,600
(3) Multiply by 0.00406 ==> $3,826,600 x 0.00406 ==> Result = $15,536
(4) Add $5,226 ==> $15,536 + $5,226 ==> Final Result = $20,762
Example 3:
(1) Policy is $10,902,800(2) Subtract $5,000,000 ==> $10,902,800 - $5,000,000 ==> Result = $5,902,800
(3) Multiply by 00335 ==> $5,902,800 x 0.00335 ==> Result = $19,774
(4) Add $21,466 ==> $19,774 + $21,466 ==> Final Result = $41,240
Example 4:
(1) Policy is $17,295,100(2) Subtract $15,000,000 ==> $17,295,100 - $15,000,000 ==> Result = $2,295,100
(3) Multiply by 0.00238==> $2,295,100 x 0.00238 ==> Result = $5,462
(4) Add $54,966 ==> $5,462 + $54,966 ==> Final Result = $60,428
Example 5:
(1) Policy is $39,351,800
(2) Subtract $25,000,000 ==> $39,351,800 - $25,000,000 ==> Result = $14,351,800
(3) Multiply by 0.00143 ==> $14,351,800 x 0.00143 ==> Result = $20,523
(4) Add $78,766 ==> $20,523 + $78,766 ==> Final Result = $99,289
Example 6:
(1) Policy is $75,300,200(2) Subtract $50,000,000 ==> $75,300,200 - $50,000,000 ==> Result = $25,300,200
(3) Multiply by 0.00129 ==> $25,300,200 x 0.00129 ==> Result = $32,637
(4) Add $114,516 ==> $32,637 + $114,516 ==> Final Result = $147,153
Example 7:
(1) Policy is $151,250,300
(2) Subtract $100,000,000 ==> $151,250,300 - $100,000,000 ==> Result = $51,250,300
(3) Multiply by 0.00116 ==> $51,250,300 x 0.00116==>Result = $59,450
(4) Add $179,016 ==> $59,450 + $179,016 ==> Final Result = $238,466