Vrs Optional Life Insurance

What is Optional Life Insurance? Is it "Worth It"?

Optional group life insurance coverage options Members pay the premiums through payroll deduction. Elect any available option up to $400,000. How much does it cost? The maximum coverage amounts under the optional group life insurance program for active members, spouses and retirees will increase effective july 1.

What is Optional Life Insurance? Is it "Worth It"?

You pay premiums through payroll deductions and may choose from coverage options for: Insurance coverage for members that can continue into retirement, if employer offers benefit. How much does it cost? All coverage is guaranteed (amount based upon your optional life election). Elect any available option up to $400,000.

West Virginia Retiree Optional Life Insurance and Dependent Life Insurance Enrollment Form

If you and your spouse are insured as employees under the basic vrs group life insurance plan neither of you is eligible for coverage as a spouse. The vrs optional group life insurance program provides an opportunity to purchase additional life insurance protection at attractive group rates. If the vrs member is covered under the basic group life insurance program,.

Is Employee Optional Life Insurance Worth the Cost?

Once enrolled, you can increase, decrease or cancel coverage online with securian financial when you access your coverage information through myvrs. The value of your life insurance is 2 times your annual salary. As a retired member of vrs, you may be eligible for the following insurance programs: If your vrs basic life insurance coverage does not completely meet your.

What Is Optional Term Life Insurance

How much does it cost? Once enrolled, you can increase, decrease or cancel coverage online with securian financial when you access your coverage information through myvrs. Additional term life insurance at group rates is available to vrs members as an optional benefit. Insurance coverage for members that can continue into retirement, if employer offers benefit. Elect any available option up.

Vrs Optional Life Insurance - Additional insurance coverage for members and their family members, if member participates in vrs group life insurance program. If you do not convert your coverage and you die within 31 days of the end of the month in which the last premium is paid, your beneficiary will receive your optional life insurance natural death benefit. All coverage is guaranteed (amount based upon your optional life election). As a retired member of vrs, you may be eligible for the following insurance programs: Additional term life insurance at group rates is available to vrs members as an optional benefit. The vrs optional group life insurance program provides an opportunity to purchase additional life insurance protection at attractive group rates.

If you do not convert your coverage and you die within 31 days of the end of the month in which the last premium is paid, your beneficiary will receive your optional life insurance natural death benefit. The value of your life insurance is 2 times your annual salary. All coverage is guaranteed (amount based upon your optional life election). Members pay the premiums through payroll deduction. The maximum coverage amounts under the optional group life insurance program for active members, spouses and retirees will increase effective july 1.

All Coverage Is Guaranteed (Amount Based Upon Your Optional Life Election).

How much does it cost? The rates shown are for each $1,000 of insurance. The vrs group life insurance program offers basic group life insurance (“basic life”) and optional group life insurance (“optional life”) for employers who choose to participate. Elect any available option up to $400,000.

You Pay Premiums Through Payroll Deductions And May Choose From Coverage Options For:

How much insurance is available? Members are covered by the vrs group life insurance program from the first day of employment. All coverage is guaranteed (amount based upon your optional life election). If your vrs basic life insurance coverage does not completely meet your needs, you may purchase optional group life insurance.

The Maximum Coverage Amounts Under The Optional Group Life Insurance Program For Active Members, Spouses And Retirees Will Increase Effective July 1.

Additional term life insurance at group rates is available to vrs members as an optional benefit. Once enrolled, you can increase, decrease or cancel coverage online with securian financial when you access your coverage information through myvrs. If the vrs member is covered under the basic group life insurance program, the member is eligible to purchase additional life insurance for the member, as well as a spouse and dependent children, through the optional group life insurance program. Vrs members and retirees can update beneficiaries online through their secure myvrs account.

As An Lcps Employee, You Are Automatically Enrolled In Basic Group Term Life Insurance Through The Virginia Retirement System (Vrs).

You may be able to purchase additional coverage through the optional group life insurance program. Elect any available option up to $400,000. Optional group life insurance provides benefits for natural and accidental death or dismemberment. Your spouse for up to twice your creditable compensation, not to exceed $400,000.