Life Insurance - Securian

Securian Financial Group, Inc
P O Box 259708
Madison, WI 53725-9708
PHONE                        (608) 277-8690
TOLL FREE PHONE       (866) 295-8690  
FAX                            (608) 277-8665

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.

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.

Eligibility Requirements 

If you are under age 70, have been covered under the Wisconsin Retirement System for at least 30 days, you are eligible for coverage.

Amount and Type of Coverage

There are three levels of life insurance coverage available under the life insurance program. There's the Basic plan, the Supplemental plan, and the Additional plan. You must enroll in the Basic plan to be eligible for the Supplemental or Additional plans. State agencies participate in all three plans, but if you are employed by a local employer, you should contact your payroll representative to determine which plans your employer has elected to participate in.

Under the Basic plan, you have insurance equal to your earnings reported to the Wisconsin Retirement System for the previous year, rounded up to the next thousand.

The Supplemental plan is offered to state employees and to local government employees whose employer has filed a resolution to offer the coverage, the amount of coverage is 100 percent of your previous year's earnings rounded up to the next thousand.

The additional plan offers up to three units of coverage to state employees. Local government employers may file a resolution to offer 1, 2 or all 3 units of coverage to their employees.

Spouse and Dependent coverage is available to insured employees who have a spouse, domestic partner, and/or qualifying dependents. Your open enrollment opportunity for Spouse and Dependent coverage occurs when you are first eligible to enroll for coverage on yourself, if your employer has elected to participate in the Spouse and Dependent program. If you have no spouse/domestic partner, or dependent child to insure when you are first eligible for coverage, you may later obtain coverage by filing an application within 30 days of the date you marry, an Affidavit for Domestic Partnership form (ET-2371) is received by ETF, or you have a dependent child, whichever is earliest. You may apply for one or two units of coverage. Each unit provides coverage of $10,000 for your spouse and $5,000 for each dependent.

How to Apply for Coverage     

To apply for life insurance coverage, you must submit a completed life insurance application  within 30 days of the date you are hired under the Wisconsin Retirement System. 

If you want to apply outside of your enrollment period, contact Payroll & Benefits for an "Evidence of Insurability" form. 

Forms and Informational Links:

Enrollment Form

Overview of Securian Life Insurance Options

Beneficiary Designation Form

Rate Information

Program Booklet

Website by SchoolMessenger Presence. © 2018 West Corporation. All rights reserved.