Note: See links to additional life insurance information on the left.
The State of Illinois' basic term life insurance is automatically provided to employees eligible to receive benefits. Full-time and part-time employees receive term life insurance in an amount equal to their annual salary, at no cost. Up to $50,000 of this life insurance is tax exempt. Any insurance in excess of $50,000 will be taxed as imputed income.
Additionally, benefits-eligible employees may choose to apply for and purchase optional life insurance for themselves and/or their eligible dependents through the State of Illinois (Minnesota Life). The cost of the State optional plan is paid through payroll deduction or by direct bill from Central Management Services (CMS).
Effective July 1, 2011 new enrollments were discontinued for the University (Voya Financial/ReliaStar) plan. Coverage for employees enrolled prior to July 1, 2011 under the University plan will continue according to policy provisions as long as premiums are paid through payroll deduction or by direct bill from Voya Financial when an employee is on leave.