Open Enrollment – Life Insurance - Human Resources at Ohio State
November 1-15, 2020
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.
- See 2021 Premium Rates
- Life Insurance Specific Plan Details (coming soon)
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 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 EOI. If you wish to elect or increase this coverage you can review the VGTLI coverage options for you and/or your spouse, but will need to complete EOI for any coverage increase.
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.