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Home > Faculty & Staff > Human Resources > Benefits > Optional Group Life Insurance

Optional Group Life Insurance

health benefits

Optional supplemental life insurance is available through Minnesota Life for yourself and your eligible family members. Employees may purchase up to four times his or her salary.

Evidence of Insurability required for coverage of family members above Option 1.

  • Option 1 – An additional 1 times an employee’s annual salary in life insurance coverage
  • Option 2 – An additional 2 times an employee’s annual salary in life insurance coverage
  • Option 3 – An additional 3 times an employee’s annual salary in life insurance coverage
  • Option 4 – An additional 4 times an employee’s annual salary in life insurance coverage

Maximum coverage of $700,000.

Cost of coverage varies depending on level of coverage, age of the employee and the age of participants. Coverage is effective when you sign the enrollment form (VRS-39) if you enroll within 31 days of employment. You must return the VRS-39 form either electing or waiving optional coverage within 31 days.

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