Employer Update

Several enhancements are coming to the VRS Optional Group Life Insurance Program including additional time for new hires to purchase optional life for themselves, a spouse or dependents without having to provide evidence of insurability. The changes affect members whose employers participate in the VRS Optional Group Life Insurance Program, administered by Securian Financial.

The biggest change to the optional life program: The guaranteed issue period for new employees is extended from 30 to 45 days after their date of hire.

Two other revisions to the program:

• The current coverage start date for a dependent child is 15 days old. The enhancement removes the age restriction.
• When a member who is already enrolled in optional life experiences the death of a child prior to enrolling the child in coverage, but within 31 days of the birth of the child, a benefit of $10,000 is paid.