Window closing for member life insurance

Enrollment ends in two weeks for Colonial Life’s term- and whole-life policies

By Michael Pramik, Ohio Public Employees Retirement System

Sept. 8, 2022 – OPERS members have just two weeks to apply for term- and whole-life policies this year through Colonial Life & Accident Insurance Co.

This is the fifth consecutive year that the insurer is offering the policies to active members, their spouses and children, and the coverage 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, and this year’s open enrollment period ends Sept. 22.

Colonial Life digital postcards that were emailed to OPERS members in 2022 contain more information about virtual enrollment. The postcards also contain links to videos explaining the coverage options and details on how to connect with a Colonial Life benefit counselor.

A recorded webinar also was included in this year’s emails. It provides additional details on the Colonial Life voluntary benefit offerings available, as well as details on how to connect with a benefit counselor.

Our members can enroll in a policy by speaking with a local Colonial Life benefits counselor using a virtual enrollment option, or over the phone with a representative at Colonial Life’s home office.

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

2 thoughts on “Window closing for member life insurance

  • September 10, 2022 at 11:21 am
    Permalink

    Is this life insurance available for retirees?

    Reply
    • September 12, 2022 at 9:15 am
      Permalink

      Debra,

      No. The insurance is being offered to active members.

      Reply

Leave a Reply

dialog-information.png
We encourage your comments on the Ohio Public Employees Retirement System’s PERSpective blog. We can’t respond to every comment. Please be aware that we review all comments before they’re posted, and we reserve the right to edit, not publish or remove any comment that in our sole discretion does not further the purpose of the blog. For further details, please see our Comments Policy.
 

Your email address will not be published.