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The Texas A&M University System

Underwritten by Minnesota Life Insurance Company. The Texas A&M University System. Group Term Life and AD&D Insurance. Retirement Coverage. Securian Financial Group, Inc. Administrator of term life and AD&D insurance – Minnesota Life, an affiliate of Securian Financial Group, Inc.

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The Texas A&M University System

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  1. Underwritten by Minnesota Life Insurance Company The Texas A&M University System Group Term Life and AD&D Insurance Retirement Coverage

  2. Securian Financial Group, Inc. Administrator of term life and AD&D insurance – Minnesota Life, an affiliate of Securian Financial Group, Inc. New brand – same familiar benefits No changes for 2016 No action is required Good time to consider your needs

  3. Quick Overview

  4. Basic Insurance (for those enrolled in A&M System health plan)

  5. Alternate Basic Life Insurance (ABL) (for those with health coverage outside the A&M System health plan)

  6. Basic Life Insurance (for those with no health coverage)

  7. What happens to my Basic Life when I retire? Coverage does not reduce Premium is paid in the same way

  8. Optional Term Life Insurance

  9. What happens to Optional Life when you retire? Under 70 At 70 Maximum coverage reduces to $100,000 At 80 Maximum coverage reduces to $60,000 Maximum coverage reduces to $30,000

  10. Dependent Term Life Insurance – Option A

  11. Dependent Term Life Insurance – Option B

  12. Dependent Term Life Insurance – Option C

  13. Dependent Term Life Insurance – Additional Information Additional information applies to Options A, B and C

  14. What happens to Dependent Life when you retire? Child coverage remains at $10,000 Retiree age 80, spouse maximum reduces to $15,000 Retiree age 70, spouse maximum reduces to $30,000 Retiree under 70, spouse coverage maximum reduces to $50,000 You may apply for any of these coverages (Spouse coverage require EOI)

  15. Optional Accidental Death & Dismemberment (AD&D) Insurance

  16. Optional Accidental Death & Dismemberment (AD&D) Insurance (Maximum: $25,000) (Maximum: $25,000)

  17. What happens to Optional AD&D when you retire? Retiree under 70, maximum coverage is $200,000 Retiree age 70 and over, maximum coverage is $60,000 You may apply for any of these coverage after retirement Retiree + Family Plan Amounts coverage amounts remain as percentage of retiree’s election

  18. Evidence of Insurability (EOI) Call to gather additional information Coverage effective the later of 9/1 or upon approval

  19. Retirement Basic Life Optional Life and Dependent Life (rates are the same as actives) Optional AD&D Under 70: $100,000 Coverage remains the same Rates are higher than active employees Age 70: $60,000 Age 80: $30,000 Spouse coverage reduces with retiree’s changes Child coverage remains at $10,000 Maximum coverage reduces at retirement Retirees may apply for coverage (Additional Optional Life requires EOI)

  20. Continuing Coverage

  21. LifeSuite Services To meet YOUR LIFE NEEDS Life happens. When it does – turn to your LifeSuite services. These services are designed to help you in times of need and are only a click or a call away.

  22. Legal, Financial and GriefAccess one or all to meet your needs: • Unlimited telephonic guidance and consultation with professionals in each area • Comprehensive web and mobile resources • Thirty-minute face-to-face consultation with an attorney for each unique legal issue

  23. Legacy PlanningAccess to a variety of information and resources to work through end-of-life issues: End-of-life planning Final arrangements Important directives Express Assignment™ for expedited funeral home assignments

  24. Beneficiary Financial Counseling Helping beneficiaries make sound financial decisions at a difficult time: Beneficiary reference guide Access to a financial counseling website for 12 months Financial Fitness assessment Step-by-step assistance in completing a personalized financial plan

  25. The legal, financial and grief services are provided by Ceridian HCM, Inc. The services are not affiliated with Minnesota Life, Securian Life or its group contracts and may be discontinued at any time. Certain terms, conditions and restrictions may apply when utilizing the services. The travel assistance services are provided by RedpointWTP LLC. The services are not affiliated with Minnesota Life, Securian Life or its group contracts and may be discontinued at any time. Certain terms, conditions and restrictions may apply when utilizing the services. Services provided by PricewaterhouseCoopers LLP are their sole responsibility. The services are not affiliated with Minnesota Life, Securian Life or its group contracts and may be discontinued at any time. Certain terms, conditions and restrictions may apply when utilizing the services. Neither PwC nor its employees are involved in the sale or endorsement of investment or insurance products. This is a summary of plan provisions related to the insurance policy issued by Minnesota Life to Texas A&M.. In the event of a conflict between this summary and the policy and/or certificate, the policy and/or certificate shall dictate the insurance provisions, exclusions, all limitations and terms of coverage. Insurance products are underwritten by Minnesota Life Insurance Company, an affiliate of Securian Financial Group, Inc. This product is offered under policy form series MHC-96-13181.42 and 02-30429.42.

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