Life Insurance

Basic Group Life Insurance

The VRS Basic Group Life Insurance Program—administered by Minnesota Life—is provided to employees participating in the Virginia Retirement System at no additional cost.

Program features include the following:

  • Natural death benefit in the amount of double the annual salary rounded to the next highest thousand

  • Benefit of twice the salary for accidental loss of one or more limbs or of eyesight

  • Coverage at the level of four times the salary for accidental death

If you leave employment for reasons other than service or disability retirement, you may convert your policy to an individual whole-life policy at non-group rates with Minnesota Life Insurance Company. The conversion must take place within 31 days of the last day of the month in which you terminate employment.

VRS Life Insurance Plan - Video Overview


Optional Group Life Insurance

VRS members may also purchase additional life insurance for themselves or coverage for their spouse or dependents. The amount of coverage corresponds with the selected employee option.

Levels of coverage and life insurance maximums

Program features include the following:

  • Eligibility for you, your spouse, and dependents

  • No Evidence of Insurability (EOI) required for your, your spouse, or dependents if form is received within 31 days (spousal coverage up to .5X with no EOI)

  • Four options for levels of coverage


Resources