State Life Insurance

Life insurance is available to employees who are eligible for SEGIP benefits. Coverage is provided through the State of Illinois, and is administered by Securian Financial (formerly Minnesota Life).

You can change your life insurance enrollment on CMS MyBenefits. You must designate a beneficiary(s) by completing a Beneficiary Designation form.

Eligibility

You are eligible for basic life insurance coverage of 1x your annual salary if you are eligible for SEGIP benefits.

You may also purchase optional additional life insurance coverage for yourself, as well as for your spouse/civil union partner and children. Children age 25 and under are eligible, except individuals in the Other category. Children in the Disabled category are eligible for life coverage as long as they continue to meet eligibility requirements.

Cost

There is no premium cost for basic life insurance. Up to $50,000 of basic coverage is tax exempt, and amounts in excess of $50,000 are taxed as imputed income.

If you elect optional employee coverage, premium rates are determined based on your age, annual salary, and the amount of coverage you elect. Spouse/civil union partner and child coverage are a flat rate for a fixed level of coverage. Your premium costs for optional coverage are paid through payroll deduction. 

See Securian/Minnesota Life cost for premium rates.

Plan Summary

For details including the Certificate of Insurance, see Securian/Minnesota Life State of Illinois Life Insurance or CMS Employee Life Insurance.

Basic Employee Term Life Coverage

If you are eligible for SEGIP, then you are automatically enrolled in basic term life insurance coverage of 1x your annual salary through Securian/Minnesota Life.

Optional Employee Term Life Coverage

You may elect to add optional life insurance coverage in specified amounts of 1x up to 8x your annual salary, to a maximum of $3,000,000 when combined with your basic life insurance. You may increase your optional life coverage at any time, but the following conditions apply:

  • If you add optional life coverage within 30 calendar days of your SEGIP eligibility date:
    • You may elect up to 4x your annual salary with guaranteed enrollment and coverage will be effective on your eligibility date.
    • If you choose to apply for coverage of 5x or more, you must provide a statement of health and coverage will be effective on the date the statement of health is approved by the insurer.
  • If you elect optional life coverage at any other time (including during the annual Benefit Choice period) you must provide a statement of health. Coverage will be effective on the date the statement of health is approved by the insurer.

Optional Spouse and Child Coverage

You may add spouse/civil union partner and/or child coverage at any time, but the following conditions apply:

  • If you add spouse/civil union partner coverage within 30 calendar days of your SEGIP eligibility date, enrollment is guaranteed without a statement of health. Coverage will be effective on your eligibility date.
  • If you add child coverage at any time, enrollment is guaranteed without a statement of health.
  • If you add spouse/civil union partner at any other time (including during the annual Benefit Choice period) you must provide a statement of health. Coverage will be effective on the date the statement of health is approved by the insurer.

Beneficiaries

A beneficiary is a person who receives your life insurance benefits in the event of your death. You must designate beneficiaries by completing a Beneficiary Designation form and mailing it to Securian/Minnesota Life at the address listed on the form.

Without a beneficiary designation, in the event of your death, benefits can be delayed and may exclude those you wished to receive benefits. Having a beneficiary designation on file and reviewing your beneficiary designation periodically will ensure that your insurance benefits will be distributed more quickly, and to the individuals you specified.

Additional Resources