HomeMy WebLinkAbout#5094 Guardian Voluntary Life Insurance RESOLUTION NO. 5094
A RESOLUTION APPROVING A GROUP ENROLLMENT AGREEMENT BETWEEN THE CITY
OF CANTON AND GUARDIAN INSURANCE FOR THE GROUP VOLUNTARY LIFE INSURANCE
PLAN AND DIRECTING THE MAYOR AND THE CITY CLERK TO EXECUTE AND DELIVER
SAID AGREEMENT ON BEHALF OF THE CITY OF CANTON, ILLINOIS.
WHEREAS,the City of Canton, Illinois has determined that it is necessary and in the best
interest to enter into an agreement with Guardian Insurance to administer the City's Group voluntary life
insurance plan as set forth in Exhibit A attached and incorporated hereto.
WHEREAS eligible participants have the option of enrolling into the voluntay life insurance
plan. Participation is voluntary and premiums are to be paid 100% by the eligible participant.
NOW,THEREFORE, BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF
THE CITY OF CANTON, FULTON COUNTY, ILLINOIS AS FOLLOWS:
I. That the agreement attached hereto and incorporated herein as Exhibit A is hereby approved by
the Canton City Council.
2. That the Mayor and the City Clerk of Canton, Illinois,are hereby authorized and directed to
execute and deliver said agreement on behalf of the City of Canton.
3. That this Resolution shall be in full force and effective immediately upon its passage by the City
Council of the City of Canton, Fulton County, Illinois,and approval by the Mayor thereof.
PASSED by the City Council of the City of Canton, Illinois, at a regular meeting this 18th day of April,
2017, upon a roll call vote as follows:
AYES: Aldermen Justin Nelson, Gerald Ellis, John Lovell,Angela Hale,Craig West,Tad
Putrich, Ryan Mayhew
NAYS: None
ABSENT: None
APPROVED:
Jeffrey A. F ayor
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City of Ca n on
Guardian Insurance - effective date 5-1-2017
Basic life/AD&D
Benefit
Police $20,000
Fire Department $40,000
All other eligible $40,000
Life (per$1,000) $0.26
AD&D(per$1,000) $0.04
Monthly Premium $993.86
PPO Dental Plan
Mo.Prem
Employee Only 20.78
Employee&Spouse 42.19
Employee&Child 55.16
Family 81.84
Voluntary.Vision
Mo.Prem
Employee Only 10.94
Employee&Spouse 18.42
Employee&Child 18.79
Family 29.74
Voluntary Llfe
Age Bracket Rate Per$1,000
< 30 $0.10
30 - 34 $0.12
35 - 39 $0.15
40 - 44 $0.21
45 - 49 $0.34
50 - 54 $0.57
55 - 59 $0.85
60 - 64 $1.30
65 - 69 $2.47
70 + $5.20