Optional Group Life Insurance Special Enrollment Opportunity
From: Human Resources Virginia Retirement System, 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 Oct. 1 through Nov. 3, 2022. 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 could 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 their existing coverage by one level (e.g., if their current coverage is one times compensation, they can increase to two times), not to exceed the lesser of four times 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. Once logged in to myVRS, members should select Life Insurance under the My History tab and then the Visit Securian button. Once enrolled, they can change coverage online using the secure link to Securian through myVRS. |