Quote:
Originally Posted by MikeWaters
what do you guys think of this?
I previously elected for a 180 day enrollment period with COLA, that will come to a rate of $0.827. To calculate the monthly premium you take your *monthly* salary, divide by 100, and then multiply times .827.
Is this a reasonable price for this? The benefit is 60% of your salary.
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If you do buy it, make sure you pay the premium with post-tax dollars which, at least as I am advised, menas the benefit will not be taxed, so 60% becomes very close to 100% (depending on what you do with the whole tithing thing).