You may continue your Optional Life coverage upon retirement. The rates match what you paid while you were an employee.
The minimum amount that can be continued is $10,000. You cannot increase your coverage, but you can decrease it. Rates are based on your age and will increase when your age category changes. Your coverage will reduce at ages 70, 75 and 80. When your coverage reduces or ends, you can convert the amount of reduced or lost coverage within 31 days as described in the Conversion section below.
MetLife will mail you a conversion/continuation packet. Packets are sent via U.S. mail three to five business days after MetLife receives the eligibility file from PEBA. To continue your coverage, follow the instructions included in your packet from MetLife. Coverage must be continued within 30 days of the date of coverage is lost due to approved retirement or approved disability retirement.
If you have questions about your options for continuing your insurance coverage once you receive your conversion/continuation packet, contact MetLife at 888.507.3767. If you continue your coverage, you will receive a bill and pay your premiums directly to MetLife.