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� . <br /> • <br /> ��� ��� - <br /> . � <br /> Gen�rktio�s Strong <br /> Employee Benefits, LL�' <br /> November 2nd,2020 <br /> City of Pequot Lakes <br /> 4638 Co Rd 11 <br /> Pequot Lakes,MN 56472 <br /> Re:2021 Renewal of Life and Dental <br /> 1'he City of Pequot Lakes' insurance carrier has provided us with the following information: <br /> Life Insurance <br /> Sun Life Financial <br /> As a result of a formal RFP process the City of Pequot Lakes has decided to switch life insurance carriers <br /> to Sun Life Financial as of 1/ll2021 with a 3 year rate guarantee. Sun Life Financial has determined that <br /> your Basic life rate will decrease to$.204 per month per$1,000 for the coming policy yeaz. The Basic <br /> AD&D benefit will remain unchanged at$.03 per month per$1000. The Child/Dependent life will <br /> remain unchanged at$1.30 per month per unit. The optional employee and spouse life and AD&D rates <br /> will remain unchanged for the coming policy year. However,anyone moving into a new age bracket <br /> will see an increase effective 1/1/2021.The following rate schedule will apply: <br /> A�ge Monthlv Cost Per$1000 <br /> Under 25 $0.08 <br /> 25-29 $0.09 <br /> 30-34 $011 <br /> 35-39 $0.12 <br /> 40.44 $0.15 <br /> 45-49 $0.24 <br /> 50-54 $0.40 <br /> 55-59 $0.64 <br /> 60-64 $0.78 <br /> 65-69 $1.34 <br /> 70-74 $2.08 <br />