html5-img
1 / 15

The Texas A&M University System

The Texas A&M University System . Group Life insurance. About Minnesota Life. Life insurance partner since September 1, 2009 Group life insurance since 1917 Nation-wide group life insurance Highly rated Fifth largest group life insurer in the US. Group term life insurance Basic Life.

jolie
Télécharger la présentation

The Texas A&M University System

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. The Texas A&M University System Group Life insurance

  2. About Minnesota Life • Life insurance partner since September 1, 2009 • Group life insurance since 1917 • Nation-wide group life insurance • Highly rated • Fifth largest group life insurer in the US

  3. Group term life insuranceBasic Life

  4. Group term life insuranceOptional Term Life

  5. Group term life insuranceDependent Term Life

  6. Group term life insuranceOptional AD&D

  7. What happens to your coverage when you retire? Basic Life/Alternative Basic Life - coverage stays the same, premium is paid in the same way, coverage does not reduce Optional Life and Dependent Life - • Maximum coverage reduces to a maximum at retirement, at employee’s age 70, and at employee’s age 80 • Child coverage remains at $10,000 • Rates are on the same table as actives pay • Retirees may apply for coverage with EOI • You may port (if under 70) or convert any coverage being lost due to retirement reductions. More info on port/conv to come Optional AD&D – • Maximum coverage reduces at retirement, and at age 70 • Retirees may apply for coverage • Rates are higher than active employee rates

  8. EOI – underwriting Elections/increases to employee /spouse coverage will require underwriting • Possible: call to gather additional information • Possible: information or records from your doctor • Possible: paramedical exam Underwritten coverage effective 9-1-2013 or upon approval

  9. Portability / Conversion • No medical review / approval required • Port coverage if qualified • Costs more than active coverage • Convert coverage that is not portable (Basic) • Convert ported coverage at age 70 • Costs more than active and ported coverage • Make election within 31 days

  10. Lifesuite services • Basic services at no additional charge • Offered in conjunction with your basic insurance • Available to your insurance-eligible dependents • Dependents do not have to be insured • Responsibility of the service carrier • Not affiliated with Minnesota Life • May be discontinued at any time

  11. Beneficiary Financial Counseling • Offered through PricewaterhouseCoopers LLP • Invitation included in claim check • Complimentary financial counseling • No sales to your beneficiary

  12. Travel Assistance • Offered through Global Rescue • 24-hour emergency travel service • Travel for business or pleasure • Dependents traveling without employee • 100 miles or more away from home • Locate physician, dentist, western-medicine facilities, etc. • Secure language interpreter, the return of mortal remains, etc.

  13. Legal Services • Offered through Ceridian • Online library of legal resources • Develop simple wills, trusts, power-of-attorney • National network of 22,000 attorneys • 30-minute consultation • 25% discount for charged services

  14. Legacy Planning Services • Visit www.legacyplanningservices.com to find the information and resources you need: • Legacy planning • Final arrangements • Easy access to resources

  15. Questions? What questions can I answer?

More Related