Life insurance available to members

Colonial Life to offer policies, with enrollment starting in June

By Michael Pramik, Ohio Public Employees Retirement System

May 18, 2021 – The Ohio Public Employees Retirement System has announced that the Colonial Life & Accident Insurance Co. will offer term life and whole life policies to OPERS members for the fourth consecutive year during an open enrollment period this year.

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.

The policies will be guaranteed issue, within certain limits, during this year’s open enrollment period which will be June 1-Sept. 30.

OPERS members can enroll in a policy by speaking with a local Colonial Life benefits counselor, by appointment, using a virtual enrollment option. It allows members the flexibility of connecting with their benefit counselor via conference call, video chat or screen-share, with one click of a link. Enrollment also can be conducted over the phone with a representative at Colonial Life’s home office.

The first of three Colonial Life digital postcards scheduled to be emailed to OPERS members in 2021 contains more information about virtual enrollment. It also contains links to videos explaining the coverage options and details on how to connect with a benefit counselor.

Michael Pramik

Michael Pramik is communication strategist for the Ohio Public Employees Retirement System and editor of the PERSpective blog. As an experienced business journalist, he clarifies complex pension policies and helps members make smart choices to secure their retirement.

Michael Pramik

Communication Strategist

7 thoughts on “Life insurance available to members

  • May 18, 2021 at 10:25 am
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    Thanks for the info Mike.

    Reply
  • May 19, 2021 at 11:11 am
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    Are retirees eligible for this?

    Reply
    • May 26, 2021 at 8:54 am
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      Lidia,
      The Colonial Life insurance is only available for active members it is not available to members that are already retired or receiving a disability benefit. Thanks, MS

      Reply
  • June 26, 2021 at 12:56 pm
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    is this for life insurance or accident insuranc e

    Reply
    • June 28, 2021 at 8:32 am
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      Casey,

      As stated in the blog, Colonial Life will offer life insurance to OPERS members.

      Reply
  • September 20, 2021 at 11:12 am
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    Michael-if I am retired, is there any option for insurance? Colonial Penn is for members currently working. I had Minnesota Life, went to Securian, but premiums are really high

    Reply
    • September 21, 2021 at 8:30 am
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      Debbie,
      There is not a life insurance that OPERS offers for retirees the Colonial Life Insurance is for actively contributing members only.
      Thanks, MS

      Reply

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