Employer Update

VRS, working with Securian Financial, the insurer for the Group Life Insurance Program, is offering a one-time opportunity for members to enhance their optional group life insurance protection without medical underwriting during a special enrollment window from now until November 30.

• 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.

Securian and VRS will send emails and direct mail to members to notify and remind them of the special enrollment opportunities available until November 30. Employers can direct members to Securian (800-441-2258) to answer specific coverage 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.