Open Enrollment – Life Insurance - Human Resources at Ohio State

2020 Open Enrollment

November 1-14, 2019

Life Insurance

A variety of life insurance options are available to employees through Ohio State.

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. When you hear the name “Securian Financial” know that this represents the same company that provides the coverage for Ohio State’s life insurance options.

Group Term Life Insurance (GTLI)

As an eligible Ohio State employee, you are automatically enrolled to receive 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 coverage over $50,000 is subject to applicable tax withholding. As a result, effective January 1, 2020, employees will have the option to waive the entire university paid GTLI coverage by completing the waiver of insurance. If coverage is waived, employees later wishing to re-enroll in GTLI coverage will be subject to Evidence of Insurability (EOI) approval by the insurance carrier.

In addition, beginning in January 2020, the GTLI age-reduction schedule will be updated as follows:

Age of Employee Amount of Insurance
65 65% of your calculated benefit
70 40% of your calculated benefit
75 28% of your calculated benefit
80 20% of your calculated benefit

Dependent Group Term Life Insurance – Discontinued Effective January 1, 2020

We will be streamlining dependent life insurance options by eliminating the Dependent Group Term Life Insurance (DGTLI) plan and increasing coverage amounts available under our Voluntary Group Term Life Insurance (VGTLI) spouse and child plans. If you currently purchase DGTLI coverage and want to continue covering your spouse and/or children, you will need to review the VGTLI options and elect coverage as needed. The option to enroll or increase coverage for your spouse does not open annually.

If you are currently enrolled in DGTLI and wish to replace the spouse and/or child coverage that will go away in 2020 under this plan, you will need to elect the amount of VGTLI spouse and/or child coverage you wish to maintain for your dependents during 2020 Open Enrollment. This open enrollment period provides an opportunity to fully replace the DGTLI coverage that will go away without any EOI requirement.

Voluntary Group Term Life Insurance

Voluntary Group Term Life Insurance (VGTLI) Employee – Special Enrollment Opportunity

  • Employees not currently participating in VGTLI can elect 1x or 2x their annual salary up to $500,000 without EOI.
  • Employees currently participating in VGTLI can increase their coverage by 1x or 2x their annual salary up to $500,000 without EOI. The only other time you may enroll in or increase this coverage is with a qualifying status change.

Voluntary Group Term Life Insurance (VGTLI) Spouse – Special Enrollment Opportunity

  • Employees not currently participating in VGTLI Spouse coverage can elect $25,000 without EOI.
  • Employees currently participating in VGTLI Spouse can increase current coverage by $25,000 without EOI.
  • You may elect up to $300,000 VGTLI spouse coverage, any amount of coverage greater than guaranteed issue will require EOI, which will be reviewed by Minnesota Life for approval. The only other time you may enroll in or increase this coverage is with a qualifying status change.

Voluntary Group Term Life Insurance 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 qualifying status change.
  • The maximum amount of coverage available for each eligible child is $20,000.

Family Members Employed by Ohio State

For 2020, if you and your spouse are both employed by Ohio State, you will now be able to elect both VGTLI Spouse coverage for one another.  Additionally, both parents who are employed by Ohio State may insure the same child(ren) under VGTLI Child coverage.  For more information, please review the Life Insurance Specific Plan Details.

Open Enrollment Information