Lincoln National Life Insurance Company
8801 Indian Hills Drive
Omaha, NE 68114-4066
Toll free: 800.423.2765
www.LFG.com
KEENAN & ASSOCIATES
ATTN: TERRY LUCZAJ
2355 CRENSHAW BLVD. STE 200
TORRANCE, CA 90501
RE: City of Vernon – Basic Life/AD&D Policy
Dear Terry,
This letter confirms that Effective 1/1/2026, all covered employees on the LFG Basic Life/AD&D Policy will have a flat $50,000 benefit amount subject to their Basic Life/AD&D policy age reduction schedule. The below data will outline the estimated annual premium from 1/1/2026 through 12/31/2026.
Employee count: 182 + 38 = 220 employee’s
Volume: 220 employee’s x $50,000 = $11,000,000 volume (Subject to their Basic Life/AD&D policy age reduction schedule).
Rates:
Basic Life rate = $.04/$1,000
Basic Ad&d rate = $.018/$1,000
Total rate = $.058/$1,000
Premium:
$.058 x $11,000,000 / $1,000 = $638.00 per month or $7,56.00 per year *Subject to their Basic Life/AD&D policy age reduction schedule. *This assumes their enrollment remains constant.
Best,
Jason Young
Senior Sales Executive
Lincoln Financial Group
CC:
Edwin Esteron [email protected]
ChrisAnn Galeotti [email protected]
Carrie Hanes [email protected]
Martinez, Christine [email protected]