Securian Financial update for eligible faculty and staff

Faculty and staff reaching milestone years of age 65, 70, and 75 with group and supplemental life insurance policies through Securian Financial will receive notice of plan reductions based on reaching a milestone year.

The original amount of your life insurance is three (3) times your base annual earnings, rounded to the next highest $1,000. This amount may not exceed $225,000 and may not be less than $5,000. Because reductions occur when reaching a milestone year of age, there is an option to convert individual plans within 31 days.

Watch for your notice sent to your permanent home mailing address. If you have questions about converting your coverage, you may contact Securian at 1-866-365-2374. If you have questions about your current life insurance coverage or any other benefits, you may contact the Kent State Benefits office at 330-672-3107.

POSTED: Monday, January 30, 2023 12:24 PM
Updated: Tuesday, March 21, 2023 04:33 PM