Life Insurance

Employees enrolled in the Wisconsin Retirement System are also eligible to participate in the Wisconsin Public Employers Group Life Insurance Program. Insurance amounts are equal to your annual salary, and employees can choose up to 5 units, or 5 times their salary, in coverage. Rates are based on age. There is no health history or medical exam required if your application is submitted within 30 days of hire. 


Current Monthly Rates
under age 30$0.05 per $1,000 insurance
age 30-34$0.06 per $1,000 insurance
age 35-39$0.07 per $1,000 insurance
age 40-44$0.08 per $1,000 insurance
age 45-49$0.12 per $1,000 insurance
age 50-54$0.22 per $1,000 insurance
age 55-59$0.39 per $1,000 insurance
age 60-64$0.49 per $1,000 insurance
age 65-69$0.57 per $1,000 insurance


For example: A 30-year old employee earning $40,000 per year pays $0.06 x 40 = $2.40 per month for $40,000 of insurance; $4.80 for $80,000 of insurance; $7.20 for $120,000 of insurance; $9.60 for $160,000 of insurance; $12.00 for $200,000 of insurance.   Employees can also choose 1 or 2 units of spouse/dependent coverage.  This coverage provides $10,000 on your spouse and $5,000 on each dependent for $1.60 per month or $20,000 on your spouse and $10,000 on each dependent for $3.20 per month.   

Changing Your Insurance Amount

Since your insurance units are equal to your salary, the amount of your insurance will automatically increase on July 1 of each year, assuming that your salary has increased from the year before. Your rates will also increase as you age into new age categories. Rates will update every year on your June 15 payroll check.  You can decrease your insurance amount at any time; however, if you don't apply during your 30-day open enrollment period and you don't have a family status change (see below), you can only apply for coverage or increase your coverage later through a special Evidence of Insurability application, and you'll need to be deemed medically insurable. See Leah Kimmell for this application.  

Special Enrollment with a Change in Family Status

In the event that you get married or have a child, you have the opportunity to add one unit of life insurance coverage and/or one unit of spouse/dependent coverage within 30 days of the marriage or birth/adoption.  See Leah Kimmell if you have a family status change and would like to increase your insurance.