Basic/Optional Life Insurance
Basic Group Life Insurance
The City offers Basic Life Insurance to eligible employees at a rate paid by the City. The Basic Life Insurance benefit is equal to two (2) times your annual salary, rounded to the next highest thousand. Coverage is automatic upon employment for eligible employees paid for by the employer. No medical examination is required. The plan carries a conversion option upon termination of employment for reasons other than retirement. For more information click here.
The Virginia Retirement System (VRS) administers the Group Life Insurance Plan. Minnesota Life provides the coverage. Certificate of Insurance for Group Life If you have questions about your life insurance coverage, contact Securian’s Richmond Office using any of the options below: firstname.lastname@example.org ;1-800-441-2258; P.O. Box 1193, Richmond, VA, 23218-1193. For inquires contact VRS at 1-888-827-3847 Mon-Fri from 8:30 to 4:00pm. VRS Website - Information about VRS
After you separate employment and/or retire, your life insurance continues at no cost to you provided you are at least age 55 with at least five years of service as an employee; or are age 50 with 10 years of service under Plan 1. Under Plan 2 or the Hybrid Retirement Plan you must be at least age 60 with five years of service or the combination of your age and service equals 90. Your life insurance also continues if you retire because of disability.
To add or change your beneficiaries visit: MyVRS Portal
If you are unable to log in here are the forms required: VRS Designation of Beneficiary Form and Continuation of Designation of Beneficiary form(use this form to designate additional beneficiaries when the number of beneficiaries you desire exceeds the number allowed on the Designation of Beneficiary (VRS-2).
Optional Life Insurance
To Enroll and Make Changes
Evidence of Insurability (EOI)
Evidence of insurability (proof of good health) is not required if members enroll in the Optional Group Life Insurance Program within 31 days of their employment date. If members participate in the optional plan, they may add dependents within 31 days of a qualifying event, such as marriage or the birth or adoption of a child, without evidence of insurability.
Evidence of insurability (proof of good health) is required if:
- Members apply after 31 days from their employment date.
- Members wish to add their spouse or dependent child to their coverage after 31 days from their employment date or a qualifying event.
- Members wish to purchase more than $400,000 for themselves.
- Members wish to increase their optional life insurance coverage for themselves or their spouse.
- The spouse's insurance amount is more than half the member's creditable compensation.
When Optional Life Insurance Coverage Ends
Your spouse and/or dependent's coverage ends when your coverage ends. Your spouse coverage ends also if there is a final divorce decree between you and your spouse. Optional Life coverage for minor children ends when a child turns age 21, or age 25 if he or she is a full-time student. Optional Life also ends when a child marries or becomes self-supporting.