Life Insurance and Accidental Death

General Information
Life insurance is available to benefit eligible employees. It begins on the first day of employment or January 1st if enrolled during the annual open enrollment. Employees have 30 days from their start date or during the annual open enrollment period to sign up for Life Insurance. If you do not sign up within 30 days of your start date, you will not be eligible until the next annual open enrollment period (typically in November).

A basic term life insurance policy is provided at no cost for all regular and active full-time employees working a minimum of 20 hours per week.  Basic and Supplemental Life Insurance reduces to 50% at age 70 and terminates upon retirement. Dependent Spouse and Dependent Child Life Insurance does not reduce and terminates upon the Employee's retirement. The amount of the policy varies by labor agreement or individual contract.  Accidental death coverage is included.  Employees also have the option to purchase supplemental life insurance for themselves at their own cost.  National Insurance Services is the broker and Ochs is the administrator for Securian Financial, the current Life Insurance carrier.
 
Changes to coverage are issued based on approval of good health. The Enrollment Form is required to be completed for any employee adding or changing coverage as a result of a qualified status change or during open enrollment.  Changes to the Designation of Beneficiary Form can be updated at any time.

Questions, please contact Natalie Holmstrom at 651-665-3789 or [email protected].

Ochs, Inc. | A Securian Financial Company
More value. More choice. More support.
General Phone Number: 800-392-7295
Fax Number: 651-665-3791
www.ochsinc.com

What is Life Insurance?
Life Insurance Summary and Rates
NIS Enrollment Worksheet+ Beneficiary Designation + Life Evident of Insurability

Educational Resources
Life Insurance Calculator tool
Beneficiary Reminder
Coverage continuation when you leave
Insurance Presentation Videos