Calculate - Liberty Mutual Premium

1. Enter your annual salary: $

 

 Monthly Income Benefit Premium Calculation:

2. Divide by 12 for Monthly Wage Base $
  *The maximum covered monthly base salary for the Monthly Income Benefit is $15,000. Therefore, the maximum monthly base salary figure for Monthly Income Benefit if $15,000  
     
2a. Covered Monthly Salary Base $
3. Divide by 100 $
4. Multiply the number on line 3 by the Cost Factor (.233) $
5. Monthly Cost of the Monthly Income Benefit $

 



  

 

NOTE: The basic annual salary includes 1/12th of any additional salary paid to you by your employer for authorized work in summer school, evening classes, special seminars, and executive programs during the 12-month period immediately prior to the month in which disability occurs. The basic annual wage excludes overtime pay, bonuses, and other types of extra compensation. (If your basic annual wage consists of other than 12 monthly payments, your monthly wage base will be 1/12th of the total annual amount of such payments.)