Basic Term Life insurance coverage is included when you sign up for health coverage in the GBP. The cost for Basic Term Life insurance is $2.22. The state contribution covers the total cost of the premium for a full-time employee.
If you enroll in a GBP health plan, you will be automatically enrolled in a $5,000 Basic Term Life Insurance policy through Securian (formerly known as Minnesota Life). This plan also includes a $5,000 accidental death and dismemberment (AD&D) benefit.
In the event of your death, your beneficiary, other person designated by you, or a person lawfully authorized to represent your estate, must contact ERS
to obtain the instructions and forms required to file a claim for benefits.
Basic Term Life Insurance is available to employees enrolled in a GBP health plan. The coverage is not available to family members. Evidence of Insurability is never required for Basic Term Life Insurance.
• Basic Term Life Insurance information
• Electing a beneficiary
• Optional Term Life Insurance
• Dependent Term Life Insurance
• Voluntary Accidental Death and Dismemberment (AD&D) insurance