It’s that time of year again! The month of October is your window of opportunity to evaluate your optional life insurance coverage and decide if you would like to increase it.

The Annual Life Insurance Review period allows you the opportunity to increase your coverage amount (in increments of $10,000) by up to $20,000 without proving insurability, provided the coverage amount does not exceed six times your annual salary, or $800,000. Keep in mind that the review period does not apply to spouse and child(ren) coverage. If you wish to maintain your current level of coverage, no action is required.

Eligibility

To be eligible for the Annual 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).

Life insurance through MOSERS is not available to Department of Conservation or university employees (except State Technical College of Missouri & Lincoln University) because those employers provide their own life insurance benefits.

See the Annual Life Insurance Review page on our website for FAQs and more details.