No, you cannot add or increase life insurance through MOSERS once you have retired. Below are the guidelines.

Basic Retiree Coverage After Retirement

• If you retire within 60 days of leaving state employment, the state will continue to provide you with $5,000 of coverage at no cost to you.
• If you wish to do so, you have 60 days from your retirement date to port or convert any remaining basic life insurance through The Standard Insurance Company.

Optional Life Insurance and Retaining Coverage After Retirement

If you retire within 60 days of leaving state employment, or retire directly from active employment, you may be eligible to retain some of your optional life insurance coverage.

• You may retain up to $60,000 in coverage if you are a member of MSEP. Your coverage cannot exceed the amount your carried while actively employed.
• You may retain all of your optional coverage until age 62 if you are a general state employee who retired under the “Rule of 80” (MSEP 2000) or the “Rule of 90” (MSEP 2011). At age 62, your coverage will automatically reduce to a maximum of $60,000.

Please feel free to contact a MOSERS benefit counselor if you have more questions or you can view our Life Insurance page.