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The State of Indiana is pleased to introduce Minnesota Life Insurance Company as the new carrier for our Group Term Life and Accidental Death and Dismemberment (AD&D) program, effective January 1, 2014.
Your current life insurance elections will be carried over to Minnesota Life. You do not need to re-enroll. During this initial enrollment we are offering employees carrying Supplemental Life Insurance the opportunity to increase their coverage up to $20,000 in additional coverage without Evidence of Insurability. Employees with $15,000 in dependent life will be able to increase to $20,000 without Evidence of Insurability. Employees with any level of Child Only dependent life insurance will be able to increase their coverage up to $20,000. Additional options that require Evidence of Insurability will be available in 2014.
If you would like to either decrease your coverage level or drop any of your life insurance plans during open enrollment, you can complete these actions online using PeopleSoft. You can also make changes to your beneficiary information at any point during the year by accessing PeopleSoft Self-Service. Please remember, you are the only one who can make changes to your beneficiary information.
Note: As of 1/1/14 you are no longer required to individually enroll each eligible dependent in dependent life insurance. Your election of dependent life insurance will be considered an election to enroll all eligible dependents within the selected category.
Minnesota Life Insurance Company
A Securian Company
400 Robert Street North, St. Paul, MN 55101-2098