Employer Update

There’s still time for members to enhance their life-insurance protection without medical underwriting. Securian Financial’s one-time optional coverage special enrollment window ends November 30.

• If you provide this benefit, members who do not currently participate in the optional group life insurance program will have a one-time opportunity to enhance life insurance protection without answering health questions. Normally, new hires have just 31 days to apply for optional life insurance without proof of good health. Those who missed that opportunity may wish to take advantage of the special window to apply for guaranteed coverage.
• Members who already participate in the VRS optional group life insurance program can increase existing coverage by one level (e.g., if their current coverage is 1x compensation, they can increase to 2x) not to exceed the lesser of 4x compensation, or $400,000, without answering health questions.

Members can apply online: Members can easily apply for optional group life insurance by accessing their myVRS accounts rather than submitting paper forms. Select Life Insurance under the My History tab and then the Visit Securian button. Once enrolled, members can change coverage online using the secure link to Securian through myVRS.

Members should call Securian (800-441-2258) for answers to their specific coverage questions.