Life Insurance - State and Higher Education Only

The state pays 100% of the premiums for employee basic term life/basic accidental death and dismemberment insurance for state government and higher education employees.

Basic group term life

• Designated beneficiaries receive 1X the employee’s base annual salary, rounded to the next highest thousand.
• There is a $50K minimum and a $250K maximum, except when reduced at age milestones.
• Eligible employees may opt to decrease coverage to $50,000 to avoid imputed income, as outlined in IRS Publication 15B.

Basic accidental death and dismemberment

• Employee coverage will be 1X basic term life insurance coverage.
• Basic term life and AD&D coverage amounts decrease at ages 65 and over.

Employees can buy voluntary accidental death and dismemberment insurance to give additional protection if the employee’s or a covered dependent’s death or dismemberment is due to an accident. This is in addition to the employee basic AD&D coverage. The employee pays the full monthly premium. Employees enroll in Edison. Enrolling in voluntary AD&D does not require answering health questions.

Employee coverage is offered in five amounts:

1. $50,000,
2. $60,000,
3. $100,000,
4. $250,000 or
5. $500,000.

Dependent enrollment is based on coverage tiers:

• Spouse only,
• Spouse + child(ren) or
• Child(ren) only.

Dependent voluntary AD&D coverage amounts are a percentage of the employee’s voluntary AD&D coverage amount. The coverage tiers are:

• Spouse only: 60%,
• Spouse enrolled with child(ren): 40% and
• Child(ren): 10% per child.

Premium rates are per $1,000 of total coverage.

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. The accident could occur at work or elsewhere.

Additional benefits included with the Voluntary AD&D program

• Adaptive home and vehicle
• Payment if insured lapses into a coma lasting at least 31 days as a result of and within one year of a covered injury
• Repatriation                              

If qualified, eligible state government and higher education employees can buy additional voluntary term life insurance for themselves, their spouses and their children. Enrollment is not automatic.

An employee must apply for this coverage. This insurance is in addition to the employee basic term life and basic accidental death and dismemberment insurance.

The employee’s spouse may 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.

Guaranteed-issue voluntary term life insurance coverage with no medical questions asked for an employee is available if the employee enrolls during the first 30 calendar days of employment. Voluntary term life coverage will become effective on the first day of the month following three full calendar months of eligible employment.

Newly eligible spouses can enroll within 30 days of first becoming eligible in $5,000 of coverage without answering medical questions (guaranteed issue).

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 Jan. 1.

To apply, go to lifebenefits.com/stateoftn. 

Voluntary Child Term Life Insurance
An employee or spouse who enrolls may add a child term rider in the amount of $5,000 or $10,000. Only the employee or spouse may have a child term rider attached to his/her certificate.

Benefit Scout
Securian Financial has an online tool, Benefit Scout, to help you estimate the amount of voluntary term life insurance you may need. Find it at lifebenefits.com/stateoftn. If you’re logging in for the first time, look for instructions under “Manage your voluntary term life insurance online.”

Basic Term Life
When employment ends due to retirement or termination, the basic term life coverage for the employee may be converted to an individual whole life insurance policy. The former employee will pay premiums.

Voluntary Term Life
An enrolled employee or spouse may continue, or port, one-half of the voluntary term life insurance coverage they 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 coverage was cancelled due to non-payment of premiums. Continuation of coverage, or portability, is only available to an employee or spouse under the age of 70. If you are age 70 or over, conversion to an individual whole life insurance policy is available. Premium rates for ported coverage are higher than for active coverage.

Accidental Death and Dismemberment
The basic AD&D and voluntary AD&D coverage may not be converted or continued after employment ends.

• Life insurance premiums
• Life insurance member handbook
• Securian microsite for information on resources available to you, including Beneficiary Financial Coaching, the Empathy Program for Beneficiaries, Legacy Planning, assistance with legal issues, financial questions and grief and Travel Assistance