Eligibility
Under the age of 70
Term Life Insurance
Verona Area School District participates in the Wisconsin Public Employers Group Life Insurance Program, which is administered by the Department of Employee Trust Funds. The coverage is underwritten by the Securian Financial Group, Inc. You may also hear this coverage be referred to as "Minnesota Life".
*Under most circumstances, there is no cash benefit from this insurance while you are still living; it is normally payable only as a death benefit. However, if you have been diagnosed with a terminal illness or have been confined for medical reasons to a custodial care facility for six months or enrolled in a certified hospice care program, you may be eligible to receive some or all of your life insurance amount as a living benefit.
Coverage
|
Plan
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Coverage
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Units
|
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Basic*
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1 unit
|
1x earnings
|
|
Supplemental
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1 unit
|
1x earnings
|
|
Additional
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1-3 units
|
1x earnings
|
|
Dependent
|
1 or 2 units
|
Spouse/Domestic Partner= $10,000
Dependent =$5,000
|
*You must enroll in the Basic plan to be eligible for the Supplemental or Additional plans.
Applying for Coverage
You must submit a completed life insurance application within 30 days of the date you are hired.
If you want to apply outside of your enrollment period, contact Payroll & Benefits for an "Evidence of Insurability" form.
Forms & Information
Enrollment Form
Overview of Securian Life Insurance Options
Beneficiary Designation Form
Rate Information
Program Booklet
Contact
Securian Financial Group, Inc
P O Box 259708
Madison, WI 53725-9708
(608) 277-8690
(866) 295-8690
http://etf.wi.gov/members/benefits_life_ins.htm