Voluntary Term Life Insurance

Basic Life Insurance

Basic Group Term Life and Accidental Death and Dismemberment Insurance

All benefits-eligible employees receive $20,000 in basic term life insurance and $40,000 in basic accidental death and dismemberment insurance paid by the state at no cost to the employee.   However, employees can also elect the additional employee-paid basic term Life and AD&D coverage.  Employees pay the monthly premium on any additional coverage above the state paid amounts of $20,000 for basic term life and $40,000 for basic AD&D and for all dependent coverage.

For all eligible employees, basic term life insurance coverage will be 1.5 times the employee’s base annual salary as of September 1 of each year, even if the employee is not enrolled in health insurance, to a maximum of $50,000.

As a new hire, employees can opt out of the employee-paid basic term life insurance coverage over $20,000 and basic AD&D coverage over $40,000 along with dependent coverage.

• Important!  This is a permanent choice.  Employees should make this decision with caution. Employees who opt out of this additional coverage may not re-enroll in the employee-paid coverage (the amount above what the state pays) and dependent coverage unless they later experience a special qualifying event.

Employees will be able to add and remove eligible dependents for enrollment in the basic dependent term life/basic AD&D insurance during Open Enrollment or if you experience a special qualifying event.  Premium rates for dependents are based upon total volume of coverage, instead of per family unit. The employee’s actual premiums will increase or decrease if the volume of coverage changes. The premiums for coverage above the amounts provided by the state and for dependent coverage are deducted from the employee’s paycheck.  At ages 65 and over, employee basic term life/basic AD&D coverage amounts will reduce.  Dependents enrolled in basic term life insurance/basic AD&D have $3,000 of basic term life insurance coverage and basic AD&D coverage based on a percentage of the employee’s basic AD&D coverage. 

Basic Life Insurance Beneficiary Designation Application  

 

Voluntary Accidental Death and Dismemberment Insurance

Employees can buy voluntary AD&D insurance to give additional protection if the employee or employee's covered dependent's death or dismemberment is due to an accident. This is an addition to the basic AD&D coverage. 

The coverage level is based on salary to a choice of these five amounts: $50,000, $60,000, $100,000, $250,000 or $500,000.

• Dependent on a coverage tier basis [spouse only, spouse + child(ren), or child(ren) only] instead of generic family coverage. Dependents may be removed or added for this  coverage via Edison ESS.
• Dependent voluntary AD&D coverage is based on a percentage of the employee's voluntary AD&D coverage. 
• Dependent premium rates is per $1,000 of total dependent coverage, instead of per family unit. 
• Benefits will be paid for dismemberment if the loss occurs within 180 days of the accident, provided the employee or dependent was covered on the date of the accident and met the established criteria. Accident could occur at work or elsewhere. 

Voluntary Accidental Death Enrollment Form

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Voluntary Term Life Insurance

Minnesota Life (Optional Term Life)

1.866.881.0631

If qualified, employees can buy additional voluntary term life insurance. Enrollment is not automatic. An employee must apply for this coverage. This coverage is available regardless of whether the employee or dependents enroll in health coverage.

The employee's spouse may also apply for enrollment in this coverage even if the employee does not enroll. 

A child term rider may be added to the employee's or spouse's certificate, but not to both. If the employee's spouse is also a state employee, the spouse must apply for coverage as an employee, not as the other employee's spouse. 

• New Hires: Guaranteed issue coverage with no medical questions asked for an employee is available if the employee enrolls during the first 30 calendar days of employment. Coverage will become effective on the first day of the month following completion of three full calendar months of eligible employment. If coverage is not elected during this time, an employee may apply during the annual enrollment period by presenting evidence of insurability through a health questionnaire.
• Newly eligible spouses can enroll within 30 days of first becoming eligible in $5,000 of coverage without answering medical questions (guaranteed issue). This does not apply to current spouses. 
• The employee or spouse's monthly premium will go up if the voluntary term life insurance amount is increased or the employee or spouse moves into a higher age bracket as of January 1.
• Beneficiaries for voluntary term life coverage can be updated after logging in at lifebenefits.com/stateoftn

 

Unum Group (Optional Universal) – CLOSED TO NEW ENROLLMENTS
1.866.298.7636