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Life Insurance

At Phillips 66, we provide you with 100% company-paid basic life coverage, as well as voluntary life options, so you can choose the right amount of protection for you and your family.

Preparing for the Unexpected

In addition to reading the information on this page, be sure to review the Preparing for the Unexpected Guide, which outlines important issues for you and your family to consider, so that you can be prepared to make informed decisions about your finances and personal matters.

Life Insurance Premiums

See the monthly premiums below (effective January 1, 2026 to December 31, 2026) to compare plan pricing:

Your monthly premium for supplemental life is based on your age, tobacco use and how much coverage you elect. It can increase during the year if you get a raise or if your birthday pushes you into a higher age group. You can enroll, change or cancel coverage at any time. Evidence of Insurability (EOI) may be required if you enroll more than 30 days after the date you are first eligible or if you increase coverage.

If your age is ... Your premium per $1,000 of coverage is ...
  Tobacco-free user Tobacco user
Under 30 $0.046 $0.060
30-34 $0.062 $0.103
35-39 $0.070 $0.138
40-44 $0.077 $0.181
45-49 $0.110 $0.281
50-54 $0.166 $0.467
55-59 $0.300 $0.926
60-64 $0.526 $1.368
65-69 $1.031 $3.230
70 & over $1.448 $4.086

Your monthly premium for spouse life is based on your spouse's age and how much coverage you elect. It can increase during the year if your spouse's birthday pushes them to a higher age group. You can enroll, change or cancel coverage at any time. Evidence of Insurability (EOI) may be required if you enroll more than 30 days after the date you are first eligible or if you increase coverage.

If your age is ... Your premium per $1,000 of coverage is ...
Under 30 $0.050
30-34 $0.070
35-39 $0.080
40-44 $0.090
45-49 $0.130
50-54 $0.190
55-59 $0.350
60-64 $0.610
65-69 $1.190
70 & over $1.660

Your monthly premiums for child life coverage are based on the amount of coverage you elect:

$15,000 of coverage $0.75
$20,000 of coverage $1.00
$25,000 of coverage $1.25

Plan Information

Use the links to access plan benefits and services.