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Financial protection for those things that matter most!

Find the right life insurance coverage for you and your family. Choose from basic insurance, optional term life insurance, and dependent term life insurance options. Enroll online and enjoy the peace of mind knowing that you are protected. No changes required.

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Financial protection for those things that matter most!

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  1. Issued by Minnesota Life Insurance Company Financial protection for those things that matter most! Group Term Life & Accidental Death and Dismemberment (AD&D) Insurance

  2. A Quick Glance: No changes No action is required Good time to consider your life insurance needs

  3. The average number of years group life insurance benefits will replace lost income is … LIMRA, 2018 http://www.limra.com/.../pdf/2016/limra-ownership-households-2016-data.aspx

  4. The average household Group Life insurance coverage is … LIMRA, 2018 http://www.limra.com/.../pdf/2016/limra-ownership-households-2016-data.aspx

  5. Your Coverage Options

  6. Basic Insurance (for those enrolled in A&M System health plan) Life: $7,500 AD&D: $5,000 Dependent Life: $5,000 for each eligible child Paid for by your employer

  7. Alternate Basic Life Insurance (ABL) (for those with health coverage outside the A&M System health plan) Life: $50,000 AD&D: $5,000 Dependent Life: $5,000 for each eligible child Paid for by your employer

  8. Basic Life Insurance (for those with no health coverage) Life: $7,500 AD&D: $5,000 Dependent Life: $5,000 for each eligible child You can enroll and pay for Basic Life coverage. This is paid for by the employee

  9. Employee Optional Term Life Insurance ½, 1, 2, 3, 4, 5 or 6 times your annualized salary Max Coverage: $1,000,000 EOI required for any changes Not available to employees enrolled in ABL

  10. Dependent Term Life Insurance – Option A (Current Optional Life participants) Enrolled Spouse Enrolled Children $25,000, $50,000, $75,000, $100,000, $150,000 or $200,000 $10,000 Coverage cannot exceed 100% of employee’s Optional Life amount

  11. Dependent Term Life Insurance – Option BBasic Life, ABL or Optional Life participants Enrolled Spouse and Children Life: $5,000 Matching AD&D: $5,000

  12. Dependent Term Life Insurance – Option CABL participants Enrolled Spouse Enrolled Children Life: 50% of employee’s ABL coverage Life: 10% of employee’s ABL coverage Employees with A&M System health coverage and without health coverage are not eligible

  13. Dependent Term Life Insurance – Additional Information Spouse Children Coverage cannot exceed 100% of employee’s Optional Life Only one child may be covered by one parent EOI required for any changes Children are eligible from live birth to 26 All elections guaranteed

  14. Optional Accidental Death & Dismemberment (AD&D) Insurance Employee Plan Employees whose annual salary is less than or equal to $25,000 Employees whose annual salary is greater than $25,000 Elect in $10,000 increments up to $250,000 Elect 1-10x annual salary up to $800,000

  15. Optional Accidental Death & Dismemberment (AD&D) Insurance Employee + Family Plan Spouse (w/children): 50% of employee’s election Spouse (no children): 60% of employee’s election Each child (w/spouse): 10% of employee’s election Each child (no spouse): 15% of employee’s election (Maximum: $25,000) (Maximum: $25,000)

  16. Enroll Online at: Workday https://sso.tamus.edu

  17. Continuing Coverage Portability Conversion • No EOI required • Premiums may be higher than active employees • Basic coverage is not portable • 31 days to elect coverage • Port coverage continues to age 70 • No EOI required • Convert coverage to an individual policy • Premiums may be higher than active and ported coverages • 31 days to elect coverage

  18. Additional resources Additional Resources

  19. Additional resources Questions? Contact Securian at: 1-877-443-5854 Term Life insurance video • www.LifeBenefits.com/videos/Term Insurance needs calculator • www.LifeBenefits.com/insuranceneeds

  20. 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.

  21. The legal, financial and grief services are provided by Lifeworks. The services are not affiliated with Minnesota Life, Securian 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 Securian 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 Securian 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 Insurance Company to Texas A&M University System. 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. This product is offered under policy form series MHC-96-13180.42 and 02-30428.42.

  22. Group Term Life & Accidental Death and Dismemberment (AD&D) Texas A&M Retirement Coverage

  23. What happens to my Basic Life during retirement? Basic Life coverage continues Basic Life premium is paid in the same way

  24. Retiree Optional Life Under 70 At 70 Maximum coverage reduces to $100,000 At 80 Maximum coverage reduces to $60,000 Maximum coverage reduces to $30,000 If you are under the age of 70, you may apply to increase your Optional Life insurance up to a maximum of $100,000, subject to a satisfactory EOI.

  25. Dependent Life during retirement (Option A) Child coverage remains at $10,000 Note: Option A is only available to current Optional Life participants. ABL participants are not eligible. 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 during retirement (Spouse coverage requires EOI). The Spouse coverage can’t exceed 100% of the retiree’s amount.

  26. Dependent Life during retirement (Option B) Enrolled Spouse and Children Life: $5,000 Matching AD&D: $5,000 Option B is available to Basic Life, ABL or Optional Life participants.

  27. Dependent Life during retirement (Option C) Enrolled Spouse Enrolled Children Life: the lesser of 50% of the retiree’s ABL coverage or $15,000 Life: 10% of the retiree’s ABL coverage Option C is only available to current ABL participants. Retirees with A&M System health coverage and without health coverage are not eligible.

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

  29. Optional Accidental Death & Dismemberment (AD&D) Insurance Retiree + Family Plan Spouse (w/children): 50% of retiree’s election Spouse (no children): 60% of retiree’s election Each child (w/spouse): 10% of retiree’s election Each child (no spouse): 15% of retiree’s election (Maximum: $25,000) (Maximum: $25,000)

  30. Dependent Term Life Insurance – Additional Information Spouse Children Coverage cannot exceed 100% of retiree’s Optional Life Only one child may be covered by one parent EOI required for any changes Children are eligible from live birth to 26 All elections guaranteed Additional information applies to Options A, B and C

  31. Additional resources Additional Resources

  32. Additional resources Questions? Contact Securian at: 1-877-443-5854 Term Life insurance video • www.LifeBenefits.com/videos/Term Insurance needs calculator • www.LifeBenefits.com/insuranceneeds

  33. 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.

  34. The legal, financial and grief services are provided by Lifeworks. The services are not affiliated with Minnesota Life, Securian 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 Securian 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 Securian 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 Insurance Company to Texas A&M University System. 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. This product is offered under policy form series MHC-96-13180.42 and 02-30428.42.

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