The following insurance plans are administered by Minnesota Life, a Securian Financial Group Affiliate. If you have questions about these plans, you may contact them directly at 866-486-5298.
Basic Life Plan
If you enroll in either of the State Health Plans, you will automatically be covered for $3,000 in life insurance and $3,000 in accidental death and dismemberment, at no cost to you.
Optional Life Plan
New employees can elect initial coverage (within 31 days of the start date) in $10,000 increments up to three times their basic annual salary (up to a $500,000 maximum) without providing medical evidence of good health. This figure will be rounded down to the nearest $10,000 increment. During initial enrollment, additional coverage above three times your basic annual salary (up to $500,000) may be requested, provided that you show medical evidence of good health [pdf].
Employees may enroll or make changes in the State Optional Life program in the event of a special eligibility situation within 31 days of the qualifying event. Examples of qualifying events include birth, marriage, adoption or foster child placement.
The plan includes:
- accidental death and dismemberment benefits equal to the face amount of the policy
- a living benefit for terminally ill members under age 60
- a seat belt provision of an additional 25% of the accidental death benefit when applicable
- day care, education, felonious assault and repatriation benefits
Dependent Life Spouse Plan
An employee may elect to cover their spouse with life coverage in increments of $10,000, up to 50% of the employee's Optional Life coverage or $100,000, whichever is less. However, an employee either not enrolled or enrolled for up to $30,000 may still enroll in spouse coverage up to $20,000. Medical evidence of good health is required for initial coverage greater than $20,000. Premiums are the same as Optional Life rates for employees and are based on the employee's age.
Dependent Life Child Plan
An employee may elect to cover his/her dependent children up to age 25 (provided they are a full-time student from age 19-24; if not, a benefit will be provided up to the last of the month following their 19th birthday) for $15,000. Children may be enrolled in the Dependent Life program at any time during the year. The premium for coverage for children is $1.10 per month, regardless of the number of children covered.