Life Insurance

Ohio State provides access to exceptional benefits that support your health and financial goals as part of your total rewards package. Life insurance gives you and your family financial security. A variety of life insurance options are available. The university pays the full cost of Group Term Life Insurance (GTLI) for eligible faculty and staff.

Eligible faculty and staff may choose to purchase additional insurance for themselves, spouse and/or children at group rates through the Voluntary Group Term Life Insurance (VGTLI). If you are unsure whether or not you are eligible for this benefit, go to Benefit Eligibility.

Documents and Resources

Group Term Life Insurance (GTLI)

As an eligible Ohio State employee, you are automatically enrolled to receive university-paid life insurance coverage based on your annual base salary. GTLI provides coverage in the amount of 2.5 times your annual regular base pay, to a maximum of $250,000 (subject to the age reduction formula). Ohio State pays the full cost of this benefit. The benefit is administered by Minnesota Life, an affiliate of Securian Financial.

Voluntary Group Term Life Insurance Program (VGTLI)

You may purchase Voluntary Group Term Life Insurance (VGTLI) coverage for yourself, your eligible spouse and/or dependent children up to age 26. This coverage is in addition to the amount provided to you by the university under Group Term Life Insurance. You must be enrolled in GTLI to be eligible to enroll in VGTLI coverage. You pay the full cost of VGTLI coverage. This benefit is administered by Minnesota Life, an affiliate of Securian Financial.

Retiree Group Term Life Insurance

Post-retirement benefits are available only to faculty and staff who have 10 years of continuous Ohio State service in at least a 50 percent FTE regular appointment at the time of retirement.

If you retire before age 70, you may continue your Group Term Life Insurance (GTLI) coverage (up to $200,000 maximum) after retirement at your expense. You pay a quarterly premium to the university. This benefit may be continued until age 70.

Eligible retirees will receive a Workday notification to elect Retiree GTLI (RGTLI) coverage. You have 30 days from your retirement date to elect this coverage using one of the two options below.

  1. WorkdayComplete the “Add Retiree Life Insurance” Workday event. You are encouraged to designate beneficiaries as part of making this election. Please take time to review your mailing address and home e-mail address to ensure you receive invoices and communications regarding your Retiree GTLI coverage.
  2. Paper form – Complete and submit the Retiree Group Term Life Enrollment form. The completed form should be mailed to the address noted on the form.

Subsequent quarterly premiums in the amount of $69 are due on the first day of the following months: January, April, July and October. A premium due notice will be sent to you approximately 30 days before the next due date. If applicable, payment will first be applied to any outstanding benefit billing balance. Payment should be submitted to Ohio State’s Accounts Receivable. You have the option to pay online using an eCheck or credit/debit card. Please note that service charges may apply.

You also have the option to mail a check or money order to the below address:

The Ohio State University
Accounts Receivable
PO Box 182905
Columbus, OH 43218-2905

Premium rates for this program are subject to change.

If you become re-employed with Ohio State in an eligible position, your quarterly premiums will cease, and you will automatically be enrolled in GTLI as an active employee. You should contact HR Connection to stop retiree coverage and your premiums or to re-enroll if you become ineligible as an employee and meet all other retiree eligibility criteria.

Post-Retirement Life Insurance Benefit

A university provided post-retirement life insurance benefit is available to faculty and staff who have 10 years of continuous Ohio State service in at least a 50 percent FTE regular appointment at the time of retirement. This benefit is available to individuals who do not continue Retiree Group Term Life Insurance at retirement or reach age 70 (when Retiree Group Term Life Insurance coverage ends).

The benefit amount is based on your years of continuous service in an eligible appointment at the time of retirement and is payable to your beneficiary(-ies) as follows:

  • 10–14 years of service: $2,000
  • 15–19 years of service: $3,000
  • 20–24 years of service: $4,000
  • 25 years of service or more: $5,000

 

This is intended to be an overview. Refer to the Plan Document for complete information. In the event the information on these pages differs from the Plan Document, the Plan Document will govern.