Do you know what life insurance coverage is available to you after retirement? As a MOSERS member, you may be able to carry some or all of your life insurance into retirement to help protect your loved ones from financial hardship.

If you retire within 65 days of leaving state employment or retire directly from active employment, the state will continue to pay for $5,000 of basic life insurance coverage. You have 65 days from the end of the month you leave state employment to port (continue) or convert any remaining basic life insurance to an individual policy through The Standard.

If you retire within 65 days of leaving state employment or retire directly from active employment, you may retain some of your optional life insurance coverage or continue purchasing optional life insurance. Remember that the amount of coverage you carry into retirement can’t exceed the amount you carried while actively employed.

• MSEP - You may retain or purchase any amount of coverage from $1,000 to $60,000. Your coverage can’t exceed the amount you carried while actively employed.
• MSEP 2000 & MSEP 2011 - If you retire under the Rule of 80 (MSEP 2000) or the Rule of 90 (MSEP 2011), you may retain all your optional life insurance coverage until age 62. At age 62, your coverage will automatically reduce to $60,000.

You have 65 days from the end of the month you leave state employment to port (continue) or convert your remaining optional life insurance through The Standard.

During the retirement process, you will be asked if you want to keep, decrease, or end your optional life insurance in retirement. Keep in mind that you can't increase your MOSERS life insurance coverage after retirement. If you cancel it, you won't be able to reinstate it.

Life insurance coverage through MOSERS is not available to Conservation or university employees. If you work for the Department of Conservation or a university, other than Lincoln or State Technical College of Missouri, please contact your HR office about your life insurance benefits.

Check out the Basic & Optional Life Insurance Handbook or visit the Life Insurance page for more information.