No, you cannot increase your coverage after retirement. If you retire within 60 days of leaving employment, you can retain your coverage in retirement up to $60,000. However, you may retain all of your optional coverage until age 62 if you are a general state employee who retired under the “Rule of 80” (MSEP 2000) or the “Rule of 90” (MSEP 2011). At age 62, your coverage will automatically reduce to a maximum of $60,000.

To keep your optional coverage, you must submit the Retain/Change Optional Life Insurance form (available at myMOSERS. Use the same form to reduce or terminate your coverage at any time.

Please note that once you terminate coverage, it cannot be reinstated. You have 60 days from your retirement date to port or convert your remaining optional life insurance through The Standard.

Use the Optional Life Insurance Calculator to determine your monthly premium.

For more information please see our Life Insurance page.