Colonial Life to offer policies, with enrollment starting in June
By Michael Pramik, Ohio Public Employees Retirement System
May 30, 2019 — The Ohio Public Employees Retirement System has announced that the Colonial Life & Accident Insurance Co. will again offer term life and whole life policies to OPERS members during an open enrollment period this year. It’s an effort to help members plan for their future and provide financial stability for their family when they pass away.
The policies will be available to active members, their spouses and children, and may be extended to grandchildren. The voluntary insurance would be in addition to life insurance that members’ employers might offer, and OPERS members would bear the cost.
Please watch your email in the next couple of weeks for information from Colonial Life that explains coverage details. Enrollment will be conducted directly with Colonial Life.
The policies are currently being offered with guaranteed issue during this year’s enrollment period. Guaranteed issue is available only up to certain limits, and eligibility questions still apply.
The open enrollment period will be June 3 through Aug. 30. Our members can enroll over the phone with Colonial Life, and they can initiate coverage before the end of the open enrollment period.
For more information, visit the OPERS page on the Colonial Life website.