Benefits Administration

Public Service Center
250 4th Street S., Room 100
Minneapolis, MN 55415
Ph: (612) 673-3333                         Fax: 612-284-7989

Life Insurance

Group Life insurance

There are two types of life insurance plans offered to eligible employees:

You can elect to pay for optional coverage using either pre-tax or after-tax payroll deductions. Effective with the 2016 plan year, there is a single combined premium rate for smokers and nonsmokers participating in the optional life insurance benefit. If you are enrolled in optional life insurance, your premium is based on your age at the beginning of the calendar year. If you elect to pay for optional life with pre-tax dollars, federal law requires that you pay income taxes on the value of life insurance in excess of $50,000.

The Life Insurance Certificate provides additional information on this benefit.

Dependent Life Insurance

If you enroll for optional employee life insurance, you may also elect to purchase life insurance coverage for your eligible dependents. Eligible dependents include your legal spouse to age 70 and children born to you or legally adopted by you to age 19. grandchilden are not eligible for dependent life coverage. Dependent life insurance equals $5,000 for each covered dependent ($500 for newborns to 6 months of age). The monthly cost for this coverage is $1.60 which is deducted from your pay on an after-tax basis. The cost is the same no matter how many eligible dependents are enrolled.

Enrolling for Optional Life Insurance

Eligible employees may enroll for optional life insurance within 31 days of the date they are first eligible for coverage, typically, the first of the month following 30 days of employment.  Enrollment information is included on the Personal Enrollment Form. 

Employees who have been employed by the City longer than 31 days may apply for optional life insurance on an after tax basis and subject to evidence of good health. To apply, complete the evidence of insurability packet and return it to the Benefits Office at 100 Public Service Center. Your application will be reviewed by the life insurance company.

Changing Life Insurance and Beneficiary Elections

Options for changing plan elections are based on whether you purchase coverage with pre-tax or after-tax payroll deductions. You can change your beneficiaries at any time by completing a Beneficiary Designation Form (pdf) and returning it to the Benefits Office.

Last updated Mar 28, 2016