State
Group Life Insurance
Provides
death benefit after retirement:
If you have coverage in each of 5 years
And are eligible to receive an
immediate annuity
No
premium after age 65 if retired
Death
benefit decreases
75% of Basic Coverage while age 65
50% of Basic Coverage age 66 and older
May
use to pay for Long Term Care Insurance
May
be possible to convert to pay health insurance premiums after age 66, if sick leave credits are gone