LIFE INSURANCE
GROUP LIFE INSURANCE
Optional term life insurance is available to you by
payroll deduction. If you enroll during your first 6 months
of employment, coverage is guaranteed. You will be required
to provide evidence of insurability to enroll after your
first six months of employment.
If you terminate employment for any reason you may contact
the Comptrollers Life Insurance Unit to determine how
arrangements may be made to continue life insurance.
SUPPLEMENTAL LIFE INSURANCE
Faculty, Administrators and Managers may be entitled to
supplemental life insurance benefits. Eligibility for such
insurance requires participation in the basic life insurance
plan.
AT RETIREMENT
Upon retirement, you may receive a reduced life insurance
policy based on years of state service. Premiums will be paid
by the state. If you have 25 or more years of service, 50
percent of the basic group life insurance in force
immediately prior to retirement is continued. If you had life
insurance in force for at least five consecutive years while
employed, you may convert the remainder of your coverage (or
a lesser amount) to a personal whole life plan with Medical
Life Insurance Company (MLI) without evidence of
insurability. The supplemental coverage for employees not
covered by collective bargaining may not be included when
calculating the amount of reduced coverage available to
retired employees. Please contact the Personnel Office for
more information.
