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   Optional Life Insurance Information 



Voluntary Optional Term Life Insurance

(NCPERS)



The amount of insurance is based on your age at death. If a member elects to participate while actively employed, the insurance may continue into retirement based on re-enrollment and the continued payment of premiums.

You should also consider the following features:

  • The NCPERS Plan is an affordable plan, regardless of your age.

  • The plan provides you with the greatest amount of insurance when you need it most.

  • Coverage for your eligible dependents is included in your premium amount.

  • You do not need to answer any health questions or take a medical exam if you enroll during an open enrollment period. Coverage is effective on the first day of the month following your payroll deduction.

  • Any active member who has been covered as an active participant for at least one month can elect to continue coverage into retirement if they are receiving a monthly pension check, reenroll in the plan at retirement, and submit a deduction authorization card to SRS.

The program provides an annual enrollment period October - November of each year. For specific answers to your questions, please call 1-800-525-8056, or link to NCPERS web site.

Designed especially for public employees like you, this voluntary plan offers a supplementary death benefit to augment your retirement system's benefits and State of Illinois Life Insurance benefits. The plan is well designed and financially sound, with plan reserves committed to maximize benefits to participants. It currently serves the needs of over 78,000 state retirement system members nationwide.


Why do I need extra protection?

Protecting your family's future through your Retirement System Survivor and Death Benefits is something you can feel good about. Nevertheless, even if your benefits are sizeable, how much of it would be eaten up by costly final expenses?

Designed for members of all ages, this Group Decreasing Term life Insurance plan is valuable for Retired Members. It provides a good way to help cover incidental expenses associated with death-like those for burial, medical, and debt, so other life insurance coverage can be used to maintain your family's lifestyle.


What coverage can I get?

Group Decreasing Term Life: This coverage-which pays your beneficiary a gradually decreasing benefit amount in your older years-will help give you peace of mind for your family's well-being.

Accidental Death & Dismemberment (AD&D): This additional coverage pays you or your beneficiary a benefit for loss of life or other injuries resulting from a covered accident-100% for loss of life and a lesser percentage for other injuries. Injuries covered may include loss of sight and dismemberment of hands or feet.

AD&D Exclusions: No benefit will be paid due to loss from the following, war; suicide or attempted suicide; any bacterial or viral infection (unless the infection was the result of an accidental cut or wound), bodily or mental infirmity or disease, or medical or surgical treatment thereof; or by aircraft travel if you have any duties aboard the aircraft, or if you are giving or receiving training for such duties.

Dependent Term Life: This plan provides Group Decreasing Term Life Insurance for your spouse and a flat benefit for all your dependent children. The benefit amount will be paid to you in a lump sum on an eligible dependent's death due to any cause. Spousal benefit is determined by your age at the time of your spouse's death.


How much does this coverage cost?

Coverage is available at a lower group cost through the purchasing power of the National Conference on Public Employee Retirement Systems. Every member, regardless of age, pays the same cost-just $16 a month. Your cost does not increase with your age.


What are the advantages of this insurance?

  • Guaranteed Acceptance: no health questions asked.

  • 24/7 Coverage: on or off the job.

  • Affordable Group Cost: $16 a month regardless of your age.

  • Easy Payment: by automatic deduction from your monthly retirement payment.


What special features are offered?

Accelerated Benefit Option: If you are terminally ill with a life expectancy of six months or less, you may receive up to 50% of your insurance benefits-up to $112,500 in advance-provided you've been in the NCPERS plan for at least one year. The death benefit, payable to your beneficiary, will be reduced by that amount.

Additional AD&D Benefits:

    • Education Benefits
    • Seat Belt Benefit
    • Air Bag Benefit
    • Repatriation Benefit

Conversion of Coverage: If you cease to be a member, you can convert your insurance to a Prudential individual life insurance policy within 31 days following termination of insurance. Dependent Spouse Term Life coverage can also be converted if you cease to be a member or die.


How can I enroll?

Submit your completed enrollment and beneficiary forms to the State Retirement System. The System will begin deductions from your retirement payments and forward your beneficiary information to American Administrative Group, Inc.


More Questions?

Q. Is a medical exam required?

A. No, you and your family are guaranteed coverage without having to answer any health questions or taking any medical exams.


Q. Does the plan pay in addition to a retirement system's survivor benefits?

A. Yes, this plan will pay a benefit in addition to the Retirement System Survivor and Death Benefits you may have.


Q. Does the plan pay in addition to the State of Illinois Life Insurance Program?

A. Yes.


Q. When will my coverage go into effect?

A. If you enroll during this special enrollment period, you will become insured on the first day of the month coincident with or following your first deduction. Dependent coverage begins when your insurance coverage becomes effective. If a dependent is confined for medical treatment, coverage will become effective when the dependent is released by a doctor from such confinement.


Q. When will my coverage end?

A. Coverage will end if you discontinue payments, cease to be a member of the eligible classes, or if the plan is discontinued. Refer to the Booklet Certificate for details.


Q. What if I want to change my beneficiary?

A. To change your beneficiary, simply call American Administrative Group, Inc. at 1-800-525-8056.


How do I get more Information?

For additional information about life insurance or how to file a claim, please contact:

American Administrative Group, Inc.

NCPERS Insurance Plan Administration

6399 South Fiddler's Green Circle, Suite 200

Greenwood Village, CO 80111

Phone: 1-800-525-8056

Information Links

NCPERSWeb Site
Retiree Rate Schedule
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