Securian Financial (formerly Minnesota Life)
Eligible employees may sign up for the Optional Group Life Insurance plan through Securian Financial. The Optional Group Life Insurance plan is one of two optional life insurance plans eligible employees may participate in. The other plan is a whole life insurance plan administered by New York Life.
Available Coverage and Rates
Employees are not required to provide evidence of insurability if they apply for optional life insurance within 31 days of the date they were hired. Evidence of insurability is required if an employee applies after the 31st day, is applying for coverage over $400,000, or increases coverage at a later time.