Retirement: Life Insurance

You can continue your Basic or Managerial Term Life insurance for a period of 18 months following your retirement.

At the end of this 18 month period, you will receive information that will explain how to contact the plan administrator to convert this policy to an individual policy with the same or very similar benefits, without providing evidence of insurability and without any break in coverage. You don’t have to do this, but you do have that option.

You can continue your employee and spouse optional life insurances for the greater of 18 months following your retirement, or the period of time until the individual reaches age 65.

If you meet the requirements as a retiree and have carried additional employee and/or spouse life insurance for a minimum of five consecutive years immediately preceding your retirement date or age 65 (whichever is later) you and/or your spouse are eligible for a paid-up post-retirement life insurance policy.


Every retirement is unique and there are many factors that go in to how you can continue these coverages. Contact a SEGIP retirement specialist to learn more about how you can continue these coverages following retirement.

You can continue your child life insurance for a period of 18 months following your retirement.

At the end of this 18 month period, you will receive information that will explain how to contact the plan administrator to convert this policy to an individual policy with the same or very similar benefits, without providing evidence of insurability and without any break in coverage. You don’t have to do this, but you have that option.