Annual Life Insurance Review
Eligible members with optional life insurance coverage through our insurance carrier, The Standard, may participate in the Annual Life Insurance Review each October. This is your window of opportunity to evaluate your optional life insurance coverage and decide if you would like to increase it (within the established guidelines) without proving insurability.
2025 Annual Life Insurance Review
It's that time of year again! Evaluate your insurance needs and increase coverage without proving insurability.
This review period does not apply to spouse and child(ren) coverage (see FAQs).
If you wish to maintain your current level of coverage, no action is required.
Check Your Email
If you are eligible, we will send you instructions explaining how to increase coverage. View your notice in your Document Express online mailbox. Please read it carefully. If we do not have a valid email address on file for you, we will send a letter to you in the mail.
Am I Eligible?
To be eligible for the Annual Term Life Insurance Review, you must:
- Be eligible for optional life insurance coverage through MOSERS.
- Be actively employed in a MOSERS benefit-eligible position, before September 1, 2024.
- Be currently insured with less than the maximum amount of optional life insurance coverage (the lesser of six times your annual salary or $800,000).
Online Election Method
To increase your optional life insurance coverage, go to your MOSERS Member Homepage through ESS or by logging in to myMOSERS between now and October 31, 2024 (midnight). Click the Update Now button and follow the steps to increase your coverage.
Confirmation of Your Election
If you increase your coverage, we will post your confirmation letter to your Document Express online mailbox in myMOSERS and send you an email when it is posted. You will be able to view, download, or print it. If you opted out of electronic delivery, we will send a confirmation letter in the mail reflecting any changes to your coverage.
Important Details
- To aid in your decision, we will provide you with your current 2024 coverage amount and monthly premiums, as well as your new 2025 premiums.
- Any new elections in October will go into effect January 1, 2025, as long as you meet the “actively-at-work” requirement. More information is available in the Life Insurance Handbook.
- Term life insurance proceeds are paid to your beneficiary(ies) when you die. It has no cash or loan value.
- You can use the Optional Life Insurance Calculator in the Members section of MOSERS’ website to determine the premiums for yourself.
Life insurance through MOSERS is not available to employees of the Department of Conservation or state universities (except State Technical College of Missouri & Lincoln University), because those employers provide their own life insurance benefits.
Optional Term Life Insurance FAQs
Yes. Complete an Enrollment/Change - Optional Life Insurance form and submit it to MOSERS. The form can be completed and submitted electronically by logging in to myMOSERS. This can be done at any time during the year. Remember, to be eligible for future annual review periods, you must maintain at least $10,000 of optional life insurance coverage.
Yes. If you retire within 65 days of leaving state employment, the state will continue to provide $5,000 in basic life insurance coverage at no cost to you. You may retain up to $60,000 in optional life insurance, provided you had at least that amount while actively employed. You may retain all your coverage until age 62 if you retire under the “Rule of 80” in the MSEP 2000 or under the “Rule of 90” in the MSEP 2011. At age 62, the coverage amount will automatically reduce to $60,000. You may reduce or terminate your optional life coverage amount after you retire, but you may not increase it.
You may increase coverage on a spouse at any time but will need to prove insurability. To do so, submit the following forms to MOSERS:
- The Standard’s Medical History Statement
- Enrollment/Change - Optional Life Insurance
The forms can be completed and submitted electronically by logging in to myMOSERS at any time during the year.
Dependent changes for eligible children can be requested at any time without proof of insurability, not just during October. The coverage amount will remain $10,000 per child with a premium of $2 per month, regardless of the number of insured children. For coverage purposes only, a child is defined as your child from live birth to age 26. This includes dependent stepchildren and grandchildren, adopted children, and children for whom you are the court-appointed legal guardian provided they are living with you. Full-time members of the armed forces of any country, regardless of age, are not included in the definition of eligible child.
Disabled children older than age 26, who are continuously incapable of self-sustaining employment because of developmental, intellectual, or physical handicap and are dependent on you for support, are also eligible for dependent coverage. However, you must provide proof that your child is handicapped and be approved by The Standard Insurance Company for continued coverage. (You may request a Continued Dependent Life Insurance for a Disabled Child form from a MOSERS benefit counselor.)
If you have a family status change (including marriage, divorce or legal separation; birth of a child; adoption of a child; or death of a spouse or child), you may be eligible to apply for up to $30,000 of optional life insurance coverage, in $10,000 increments, for yourself without proving insurability. Those previously denied coverage or already carrying the maximum coverage are not eligible. You must complete an Enrollment/Change - Optional Life Insurance form within 31 days of the event and submit proof of a family status change. Otherwise to enroll in the Optional Life Insurance Plan, you will need to submit the online Medical History Statement along with the Enrollment/Change - Optional Life Insurance form and be approved by The Standard Insurance Company.
As a MOSERS member, you may increase coverage on yourself at any time, but you must prove insurability. To do so, submit the following forms to MOSERS:
- Standard’s Medical History Statement
- Enrollment/Change - Optional Life Insurance
The forms can be completed and submitted electronically by logging in to myMOSERS at any time during the year.