About Life Insurance

The Health Care Management Unit is here to provide your employees with information about HealthChoice Life Insurance. By following the application criteria, you help reduce the number of errors and expedite the process for your employees.

• Basic Life: $20,000.
• Supplemental Life: Any amount above Basic Life.
• Guaranteed Issue: Two times the member's annual salary rounded up to the nearest $20,000. Available to new hires only. (Not available during Option Period.) To determine a new hire’s Guaranteed Issue, refer to the online HealthChoice calculator: https://gateway.sib.ok.gov/icusers/benefit_calc.aspx.
• Maximum amount of coverage allowed: $520,000.

Employees who declined life insurance during initial enrollment must complete and submit a Life Insurance Application to enroll in life insurance during Option Period. New hires who request only Basic and Guaranteed Issue do not need to submit an application to HCMU. New hires who request coverage greater than Guaranteed Issue must complete a Life Insurance Application. All rules and deadlines apply.