Life Insurance - State Plan Only

Qualified state and higher education employees are eligible for the following life insurance options. This coverage is not available to local education and local government employees. All Life and Accidental Death & Dismemberment Insurance coverage is provided through Securian (Minnesota Life).

Basic Group Term Life and Accidental Death & Dismemberment (AD&D) Insurance

The state provides Basic Term Life Insurance ($20,000) and Basic Accidental Death & Dismemberment (AD&D) Insurance ($40,000) to all benefits eligible employees. If you are enrolled in health insurance as the “Head of Contract”, your coverage automatically increases with your salary — to a maximum of $50,000 for Basic Term Life Insurance and $100,000 for Basic Accidental Death & Dismemberment Insurance.

  • The premiums for coverage above the amounts provided by the state are deducted from your paycheck.
  • The amount of Basic Term Life and Basic AD&D insurance begins to decrease when you reach age 65.
  • Dependents enrolled in health insurance have $3,000 of Basic Term Life Insurance.
  • Dependents enrolled in health insurance have Basic AD&D Insurance and the amounts are based on your salary and family composition.

The Basic Term Life/Basic AD&D Insurance premium rates will remain unchanged for 2018.

Voluntary Accidental Death & Dismemberment (AD&D) Insurance

If you would like additional AD&D protection, you may enroll in Voluntary AD&D Insurance for yourself and your dependents. This is in addition to the Basic AD&D coverage.

  • Benefit will be paid for Dismemberment if the loss occurs within 90 days of the accident, provided you or your dependent was covered on the date of the accident and meet the established criteria.
  • Coverage is available at low group rates — no questions asked.
  • The maximum benefit for employees is $60,000.
  • You must enroll using ESS in Edison.
  • Premiums and coverage level vary by salary.

The Voluntary AD&D Insurance premium rates will remain unchanged for 2018.

Voluntary Term Life Insurance

If you qualify, you can purchase additional Voluntary Term Life Insurance coverage for yourself, your spouse and children. You, your dependent spouse and children may enroll in this coverage regardless of whether you enroll in health coverage.

  • New hires: For employee Guaranteed Issue coverage, you must enroll during the first 31 calendar days of employment. If coverage is not elected at that time, you may apply during the Annual Enrollment period by presenting Evidence of Insurability through a health questionnaire.
  • You can apply for up to seven times your annual base salary (to a maximum of $500,000) for yourself and up to a maximum of $30,000 for your spouse ($15,000 for ages 55 and older). Guaranteed Issue is not available for your spouse. The spouse will be required to answer health related questions.
  • You can also apply for coverage for your children equal to $5,000 or $10,000.
  • To apply, go to lifebenefits.com/stateoftn, fill out the Evidence of Insurability form and fax to Securian (Minnesota Life).

Note: Voluntary Term Life Insurance coverage applied for during an Annual Enrollment Period may start on the first of a month later than January 1, depending upon review and approval of health related questions.

  • If you are currently enrolled and eligible for a Guaranteed Issue increase, information will be mailed to you prior to the start of the Annual Enrollment Period. If not currently enrolled, you (and/or your spouse) will be required to present Evidence of Insurability by answering health related questions. A Child Term Life Insurance rider may be added to your certificate or your spouse’s certificate without answering any health related questions for the children.

The Voluntary Term Life Insurance premium rates for employees and spouses will increase for 2018. The monthly administrative charge and the premium rates for the Child Term Life Insurance rider will decrease for 2018.

Portability

Beginning in 2018, an enrolled employee or spouse may only Continue (Port) one-half (1/2) of the Voluntary Term Life Insurance coverage he or she had at the time of leaving active employment due to retirement or termination. The minimum amount of continued coverage is $5,000 and the maximum amount is $250,000. Continuation of coverage is not available if the reason for the cancellation of coverage was due to non-payment of premiums. Also, Continuation of Coverage (Portability) is only available to an employee or spouse under the age of 70. If 70 or over, Conversion to an individual policy is available.

Additional Information

For more details, refer to the member handbook, available through the Benefits Administration website. Your agency benefits coordinator can provide premium information. For Securian (Minnesota Life) go to lifebenefits.com/stateoftn or call 866.881.0631.

Designating Beneficiaries

Basic Term/AD&D and Voluntary AD&D Insurance

Keep your life insurance beneficiaries up to date. For Basic Term Life/AD&D insurance and Voluntary AD&D insurance, you can make changes online in ESS in Edison.

Voluntary term life

Log in and follow instruction on the Securian (Minnesota Life) website: lifebenefits.com/stateoftn