November 1-15, 2024
Life Insurance
A variety of life insurance options are available to eligible Ohio State employees.
Once enrolled, your life insurance coverage is underwritten by Minnesota Life Insurance Company, a Securian Financial Group affiliate. Securian Financial is the parent company to Minnesota Life and both represent the same company that provides coverage for Ohio State’s life insurance options.
Group Term Life Insurance (GTLI)
As an eligible Ohio State employee, you are automatically enrolled in university-paid Group Term Life Insurance (GTLI) coverage of 2.5 times your annual base salary, up to $250,000. Ohio State pays the full cost of this benefit; however, the value of your coverage over $50,000 is subject to applicable tax withholding.
Employees have the option to waive the university-paid GTLI coverage by completing the waiver of insurance. If coverage is waived, employees later wishing to re-enroll in GTLI coverage will need to complete evidence of insurability (EOI) and the coverage will be subject to approval by the insurance carrier.
Voluntary Group Term Life Insurance (VGTLI)
Employee and Spouse
There is no opportunity during this Open Enrollment to purchase additional VGTLI coverage for yourself or your spouse without evidence of insurability (EOI). If you wish to elect or increase this coverage you can review the VGTLI coverage options for you and/or your spouse. An EOI request will be mailed to your home address after the first of the year. The effective date of VGTLI coverage will be determined following EOI approval.
Child
During Open Enrollment, you have an opportunity to enroll in or increase VGTLI coverage for eligible dependent children up to age 26, with no EOI required. The only other time you may enroll in or increase this coverage is with a qualified status change. The maximum amount of coverage available for each eligible child is $20,000.