NMI government and retiree life insurance premiums to decrease

GARAPAN, Saipan — Life insurance premiums for Northern Mariana Island government employees and retirees will be reduced by 6% effective Feb. 1, according to a Jan. 8 release. Rates for active employees will decrease from 75¢ per $1,000 to 70¢, and rates for retirees will decrease from 81¢ per $1,000 to 76¢.

The NMI government uses private insurance companies to serve its employees and retirees, with Individual Assurance Co. providing life insurance, Aetna Global Benefits providing health insurance and ASC Trust Corp. providing retirement benefits . . .

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