Life, Accidental Death, and Dismemberment Insurance
Group Life Insurance
The Virginia Retirement System (VRS) includes coverage designed to provide financial protection for you and your beneficiaries in the event you become disabled or die. Basic Life and Accidental Death and Dismemberment (AD&D) insurance are fully paid by PWCS through your participation in VRS as a full-time employee.
Beneficiaries
VRS members and retirees can update beneficiaries online through their secure myVRS account
- Employee Group Term Life Certificate of Insurance (PDF)
- Basic Group Life Insurance Plan Summary (PDF)
| Type | Coverage Amount |
|---|---|
| Basic Life Insurance | 2x base annual salary rounded up to next $1,000 |
| Accidental Death Insurance | 4x base annual salary rounded up to the next $1,000 |
| Dismemberment Insurance* | 1x to 2x base annual salary rounded up to the next $1,000, depending on loss |
*Employees have 90 days from the date of loss to file for dismemberment benefits.
Optional Life Insurance
Securian Financial provides additional life insurance coverage for full-time employees. If eligible, you may purchase optional life insurance for yourself at a value up to eight times your salary, with a maximum of $800,000. If you purchase this optional coverage for yourself, you may also purchase coverage for your spouse and dependent children.
If you apply for optional life insurance within the first 30 days of hire, you are guaranteed coverage with no medical history required (up to a maximum of $400,000). If you apply after your first 30 days of employment, you must provide evidence of insurability with your medical history.
Enroll
To enroll, make changes, or cancel Optional Life Insurance, log in to your secure MyVRS account
Questions?
Contact Securian's Richmond branch office at 1-800-441-2258 or [email protected].