Tax Information

Table I Rates



The Table I Rates are used by the federal government to measure the taxable value of any excess group term insurance received by employees from their employers. The rates are expressed in one-month costs per $1,000 of insurance for five-year age brackets. The employee's age for purposes of Table I is his/her attained age on the last day of the tax year.
 
 

TABLE I RATES PER $1,000 OF GROUP TERM LIFE INSURANCE PROTECTION


Age Bracket
Rate per $1,000 per
One-Month Period of Group Term Life Insurance Coverage Provided 
Under 25
0.05
25 to 29
0.06
30 to 34
0.08
35 to 39
0.09
40 to 44
0.10
45 to 49
0.15
50 to 54
0.23
55 to 59
0.43
60 to 64
0.66
65 to 69
1.27
70 and Over
2.06

 

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