Guarantee Life Insurance Coverage Opportunities:

New York Life Insurance is still providing guaranteed issue of life insurance (No medical questions and no physical).

  1. New York Life – all full time employees are eligible to purchase a whole life policy from $5,000 to a maximum of $200,000.

Please think carefully about your life insurance beyond your UMW employment because our coverage is a term life insurance policy (if you leave employment before you are eligible to retire, your life insurance ends). (Link to impact on benefits due to separation – http://www.varetire.org/members/leaving-employment/impact-on-benefit-coverage.asp#life-insurance ) Full time employees may review information on the group basic life insurance benefit at http://www.varetire.org/employers/member-benefits/life-insurance/index.asp and if you are purchasing optional life insurance at http://www.varetire.org/employers/member-benefits/life-insurance/optional-group-life-insurance.asp (if you want to know your coverage amount you may contact Minnesota Life at 1-800-441-2258 or log into your MyVRS account (if you are a VRS Participant).

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