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Basic Group Life Insurance
Description of Benefit
Pays benefits in the amount of member's annual compensation rounded to next highest $1000 and then doubled. No accidental death and dismemberment benefits are payable if death results from an act of war.
Eligibility for Benefit
Continues up to 24 months while on leave without pay for active duty military service (state employers continue to pay premiums for employees during the 24 months). If the member pays the employee premium, the employer will collect the premium and remit it to VRS on the member's behalf. At the end of 24 months, members may convert to individual policy and pay premium.
Benefits upon Return to VRS Employment
Benefits and payment methods continue as before leave without pay (LWOP).
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