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Select/Optional Life Insurance for Retirees

The State of Alaska is pleased to provide you with the opportunity to continue your Select Life Insurance after retirement. After retirement, your Select Life Insurance magically changes its name and becomes Optional Life, with one change in the benefits: the Accidental Death and Dismemberment benefit is not available after retirement.

Select/Optional Life Plan Highlights

  • Premium is paid by the retiree
  • Available to retirees who had coverage as active employees
  • Provides lesser amounts of coverage for dependents


Benefit Recipients

If you participated in the State’s Select Life Insurance Plan as an active employee, you may elect to continue this coverage at the time you are appointed to receive a retirement benefit from the Public Employees’, Teachers’, Judicial, or Elected Public Officers’ Retirement Systems.


If you elect to continue your Select Life, you may also cover the following dependents:

  • Your spouse. You may be legally separated but not divorced
  • Your children from 14 days old up to age 23 only if they are:
    • Your natural children, stepchildren, foster children placed through a State foster child program, legally adopted children, children in your physical custody and for whom bona fide adoption proceedings are underway, or children for whom you are the legal, court-appointed guardian;
    • Unmarried and chiefly dependent upon you for support; and
    • Living with you in a normal parent-child relationship
      • This provision is waived for natural/adopted children of the benefit recipient who are living with a divorced spouse, assuming all other criteria are met.
      • Only stepchildren living with the retiree more than 50% of the time are insured under this plan.

Electing Coverage

You must elect this coverage before appointment to a retirement benefit. To meet this deadline, your Select/Optional Life Insurance Continuation/Waiver Form must be completed and postmarked or received by the above deadline. If you do not elect this coverage within this time frame, you waive your right to elect this coverage at a later date.

You may elect to discontinue this coverage at any time by notifying the Division of Retirement and Benefits in writing. Once you have dropped your coverage, you may not reinstate it.