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Life Insurance

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Group Term Life Insurance
Group term life insurance protects your family from financial hardship in case of death. The insurance provided in the MOSERS plan is “term” insurance. This means your insurance has no cash or loan value.

Retaining Life Insurance at Retirement
Life insurance coverage available at retirement is based on the laws in effect on the date you left state employment. Depending on when you retired, you may have been eligible to retain a certain amount of basic and optional life insurance.

In order to retain optional life insurance at retirement, you must have:

  • Retired within 60 days of leaving state employment, and;
  • Have had optional life insurance coverage while actively employed. The amount of coverage you retain cannot exceed the coverage amount you carried. (The maximum coverage amount you may retain at retirement is $60,000, unless you retire under the "Rule of 80" in the MSEP 2000 plan. Under this rule, you may retain all of your optional life coverage until age 62, when the amount wll reduce to a maximum of $60,000.)

To check the amount of life insurance coverage you have through MOSERS, please login using the Secure Member Login area.

Life Insurance Beneficiary Designations
It is important to keep your beneficiary designations updated. You may name one or more beneficiaries to receive the proceeds from your life insurance. If you need to update your beneficiary designation, please either


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MOSERS
Missouri State Employees' Retirement System
Address: 907 Wildwood Dr., Jefferson City, MO 65102
https://www.mosers.org/images/mosers-logo-bg-375-280.jpg Phone: 800.827.1063 URL: Email: mosers@mosers.org Founded On: September 1, 1957