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
Convert
to pay long term care insurance
Partial
conversion to pay health insurance premiums after age 66,
if sick leave credits have been
exhausted