Life Insurance
Life Insurance
| Long-Term Disability | Retirement
The following briefly highlights the life insurance benefits administered
by MOSERS. For detailed information, you may download specific publications
regarding your basic and optional life insurance benefits.
Life Insurance Handbook
Group
Life Portability Insurance Application
Request for Group Life Conversion Materials
Learn More about The
Standard Insurance Company
(MOSERS' life insurance is not available
to employees of the Department of Conservation or state regional colleges/universities.)
All MOSERS insurance is "term life" insurance.
There is no cash or loan value. Benefits are paid upon the death of
a covered participant.
Insurance Plans
| Basic
Life Insurance Plan |
| |
Coverage Amount: |
Equal to one times your
annual salary ($15,000 minimum; $500,000 maximum) |
| |
Premium: |
Paid by the state |
| Optional
Life Insurance Plan |
| |
Member: |
Six times salary
(up to $800,000) |
| |
Premium Rate: |
Based on the member's age |
| |
Premium: |
Paid by the member |
| |
Spouse: |
Up to $100,000
(cannot exceed member's coverage) |
| |
Premium Rate: |
Based on the member's age |
| |
Premium: |
Paid by the member |
| |
Child(ren): |
$10,000 per child |
| |
|
$2 per month |
| |
Premium: |
Paid by the member |
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