KBOR 

The Kansas Board of Regents partners with KPERS to provide basic life insurance, optional life insurance & disability benefits for employees.

Basic Life Insurance

You have basic group life insurance equal to 150% of your annual salary. The cost of this benefit is paid by your employer. You can name different beneficiaries for your life insurance and retirement benefits. See Naming Your Beneficiary for details. Life insurance ends when you leave employment. However, you can continue coverage on your own.


Optional Life Insurance

Optional group life insurance (OGLI) is coverage beyond your basic life insurance. You pay the cost of this coverage through payroll deduction.

Coverage amounts range from $5,000 to $400,000 in $5,000 increments. New employees are eligible for $250,000 of guaranteed coverage (without proof of good health) within 31 days of their hire date. You must provide proof of good health for amounts over $250,000.

Anytime Coverage (Some Health Questions):

Member Spouse
Choice of $5,000 increments $5,000 min
$400,000 max
$5,000 min
$100,000 max

Guaranteed Coverage (No Health Questions):

Member Spouse Child
Annual open enrollment up to $50,000 increase up to $25,000 increase $10,000 for $1/mo or $20,000 for $2/mo
New hire up to $250,000 up to $25,000 $10,000 for $1/mo or $20,000 for $2/mo
*Family status change up to $50,000 increase up to $25,000 increase $10,000 or $20,000

*Within 31 days of marriage, divorce, birth, adoption or employment status change (member or spouse).


Other Optional Insurance Details

You can start or increase coverage any time with proof of good health.

With the "Accelerated Death Benefit," if you are diagnosed as terminally ill with 24 months or less to live, you may be eligible to receive up to 100 percent of your life insurance instead of your beneficiary receiving the insurance amount.


Decision #1: Do you want to keep your life insurance?

All KPERS and Judges members are covered by” basic” life insurance. You may also have additional “optional” coverage if your employer offers it. While KP&F members don’t have “basic” insurance, you might have optional insurance. Insurance coverage ends when you leave employment. But, you can take it with you. If you don’t want to keep your insurance, there’s nothing you need to do.

Contact Standard Insurance with any questions. Call toll-free 1-844-289-2306 or email [email protected]

To-Do #1: If yes, submit a life insurance form within 60 days

If you want to continue coverage, you’ll need to do some paperwork. No surprise there. You have 60 days after you end employment to submit your form and pay your first premium. You have two options, both with pros and cons. Whole life insurance and term life insurance.


Decision #2: Submit contact info online or by paper

While you’re working, we connect with you through your employer. But when you leave employment, we need to go to you. Do yourself (and us) a favor … give us your contact info. Believe it or not, we probably don’t have it. We’ll send you things like letters about your membership and your annual statement.

To-Do #2: Send your contact info

You can add and change contact info anytime in your online account or mail a paper address form.

Click here to login to your account

Click here to download the address form


Decision #3: Should you withdraw?

Often, your vested benefit is more valuable than the amount of your actual account balance, especially if you have a lot of service. Keep your money in KPERS and apply for retirement when you become eligible. Your account will continue to earn interest in the meantime, and you can withdraw any time if you change your mind.

To-Do #3: If yes, submit a withdrawal form after 31 days

You can expect your refund within 4-6 weeks. The form tells you about your options on how to receive your money. Hint … a rollover is probably your best bet to preserve your saving efforts, keep from paying taxes right away and give your money more time to grow. Click here for the withdrawal form.

Important! If you withdraw, you’re giving up all Retirement System rights, benefits and service. Employer contributions made on your behalf stay with the Retirement System.


Sometimes You Can't Withdraw

If any of these situations apply to you, your employer can best explain your options.

  • Leave of absence
  • Military service
  • Move to a position not covered by KPERS benefits

A Note for Correctional Officers

When you leave employment, you become a regular inactive member. You’ll no longer have correctional officer retirement eligibility. Regular KPERS age and service requirements will apply when you retire.


Term Life vs Whole Life Insurance

Term Life is pretty straightforward and costs less. Generally, it covers you for a fixed time or “term.” But KPERS’ insurance doesn’t have a term limit, as long as you’re under age 80 when you end employment. You pay quarterly premiums based on your age. If you die while covered, your beneficiaries receive the payout. If you eventually end coverage before dying, no one receives any money. It’s kind of like car or home insurance.

Term Life Insurance Form

Whole Life has higher premiums and earns interest over time. Coverage can continue through age 100 and includes an investment piece known as the policy’s cash value. The cash value earns interest over time. Premiums are based on our age and you can choose whether to pay them annually, semi-annually, quarterly or monthly.

Whole Life Insurance Form

Contact Standard Insurance with any questions. Call toll free 1-844-289-2306 or email email [email protected].