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If you are eligible for State benefits and do not have a life insurance beneficiary on file with Securian Financial (Minnesota Life), you are strongly encouraged to provide this important information!
What do I need to do?
You can designate your beneficiaries by completing the Beneficiary Designation form and mailing it directly to Securian Financial (Minnesota Life) at the address on the bottom of the form.
Why is a beneficiary important?
A beneficiary designation is your statement of who you want to receive your life insurance benefits. Without a beneficiary designation, in the event of your death, benefits can be delayed and may exclude those you wished to receive benefits. Having a beneficiary designation on file will ensure that your insurance benefits will be distributed more quickly, and to the individuals you specified.
What if I didn’t sign up for life insurance?
If you are a State benefits-eligible employee you are automatically enrolled in State of Illinois’ basic term life insurance in an amount equal to your annual salary.
See State Group Life Insurance or contact University Payroll & Benefits (UPB).
Mail completed paper forms to: Securian Financial (Minnesota Life), Springfield Branch Office, PO Box 2327, Springfield, IL 62705