Life Insurance

As a retiree, your state-sponsored life insurance continues for you and your dependents at no charge to you. Your coverage is 25 percent of the coverage you carried when you left work; your dependents' policies are capped at $1,000 each. (If you left as a deferred member you do not qualify for the state-sponsored life insurance.)

Life insurance for your dependents

Your qualified dependents for life insurance coverage include the following:

• Your spouse.
• Your unmarried dependent children under age 23.
• Any other unmarried child who lives with you and depends on you for support as defined by IRS regulations.

If you established dependent coverage as of the date you retired and you subsequently acquire a new dependent by birth, adoption, or marriage, you can add the new dependent to your life insurance. You must do so within 31 days of the event.

You can change your life insurance beneficiary at any time. Any person(s) can be named as beneficiary(ies) for your life insurance.

Conversion coverage is available. Within 30 days of retirement, you may convert the remaining 75 percent of your active life insurance to a private direct pay policy. You may also convert the amount by which the dependent policy was reduced. Contact your human resource office for rates and the conversion application.

Keep your award letter

The award letter you receive when your retirement application is processed serves as your only proof of your life insurance coverage, so be sure to keep it with your important papers. The certificate of insurance with coverage provisions can be viewed online by following the Employee Benefits links at the Michigan Department of Civil Service website: www.michigan.gov/mdcs.

ReliaStar

If you purchased supplemental life insurance from ReliaStar as an active member, you may choose to continue your coverage in retirement. For more information, contact your State Police human resource office.