Special enrollment opportunity — October 23 - November 1, 2019You have a special one-time enrollment opportunity to elect the following coverage options without answering health questions, also known as evidence of insurability (EOI):

• Employee optional term life and accidental death and dismemberment (AD&D): Elect or increase existing coverage to a new total of $150,000

• Voluntary employee AD&D: All guaranteed at each annual enrollment

• Voluntary spouse AD&D: All guaranteed at each annual enrollment

• Child term life: All guaranteed at each annual enrollment

Guaranteed coverage — get quick coverage with no medical exam or health questionsEvery moment counts — no matter where you are in life, there are many reasons to consider life insurance. As your life, career and/or family changes, consider the following coverage options without answering health questions.

St. Paul Public Schools Group term life and AD&D insurance

Insurance products issued by: Minnesota Life Insurance Company

Life insurance matters

Your optional coverages

Optional coverages

Employee optional term life and AD&D Elect in $5,000 increments

• Maximum coverage: $400,000• Includes a matching AD&D benefit

Spouse term life and AD&D Elect in $5,000 increments

• Maximum coverage: $400,000• Includes a matching AD&D benefit

Child term life Elect $10,000• From live birth to age 6 months, a $1,000

benefit will be paid• Children eligible from live birth to age 26

Employee voluntary AD&D Elect in $5,000 increments • Maximum coverage: $200,000

Spouse voluntary AD&D Elect in $5,000 increments• Maximum coverage: $100,000 (not to

exceed 50% of employee’s voluntary AD&D coverage amount)

If your spouse or child is eligible for coverage as an employee, they cannot be covered as a dependent. A child may only be covered by one parent.

Why life insurance?Learn how life insurance can protect your financial future by watching a brief video at LifeBenefits.com/videos/term

Here’s the easy math to your monthly premium:

Total coverage you need $

÷ 1,000 $

x your rate $

= Monthly premium $

Enrollment and resources found on the back cover

Monthly cost of coveragePlease note, rates increase with age.

Optional employee term life & AD&D and spouse term life & AD&D(Rates/$1,000/month)

Age Employee

Under 25 $0.05

25-29 0.06

30-34 0.08

35-39 0.08

40-44 0.09

45-49 0.12

50-54 0.19

55-59 0.32

60-64 0.52

65-69 0.93

70 and over 1.49

Child term life One premium provides coverage for all eligible children

$1.30 for $10,000

Voluntary AD&DEmployee $0.025 per $1,000 per month

Spouse $0.030 per $1,000 per monthAll rates are subject to change.

Protect your family when they need it mostGroup term life insurance is a simple, affordable way to provide an extra level of financial protection for your family during your working years. Beneficiaries receive funds to help with their everyday living expenses — such as mortgage payments or medical bills, education expenses, your funeral costs and more — so they can continue to live the lifestyle they live today.

Accidental death and dismemberment (AD&D) insurance provides additional financial protection should you or your family die or become dismembered due to a covered accident — whether it occurs at work or elsewhere.

Take your coverage with you If you are no longer eligible for coverage as an active employee, you may be eligible to port your group life and AD&D insurance coverage or you may convert your life coverage to an individual life insurance policy. Premiums may be higher than those paid by active employees.

Enroll For information on how to enroll, visit hr.spps.org/benefits

Questions?Call Och's Inc at 651-665-3789 or contact your human resources office

ResourcesHow much life insurance do I need? Check out our life insurance calculator at LifeBenefits.com/insuranceneeds

This is a summary of plan provisions related to the insurance policy issued by Minnesota Life Insurance Company to St. Paul Public Schools. In the event of a conflict between this summary and the policy and/or certificate, the policy and/or certificate shall dictate the insurance provisions, exclusions, all limitations and terms of coverage. All elections or increases are subject to the actively at work requirement of the policy.Insurance products are underwritten by Minnesota Life Insurance Company, an affiliate of Securian Financial Group, Inc. Products offered under policy form series MHC-96-13180.22 and 02-30428.22.Securian Financial is the marketing name for Securian Financial Group, Inc., and its affiliates.

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400 Robert Street North, St. Paul, MN 55101-2098 ©2019 Securian Financial Group, Inc. All rights reserved.

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