You may increase your voluntary term life coverage by the annual guaranteed issue amount of $5,000 during the fall Annual Enrollment period if Securian Financial (Minnesota Life) notifies you that you are qualified for the increase based upon your salary and current level of coverage.
You may submit an Evidence of Insurability application (required answers to specific health questions) to request an increase in your coverage above the guaranteed issue amount, up to the overall maximum amount during the fall Annual Enrollment period.
You cannot increase the amount of basic term life/basic AD&D coverage you have unless you previously opted for the lower $50,000 of coverage to avoid imputed income. You may elect during the fall Annual Enrollment period a higher amount for which you are qualified.
You can increase your voluntary AD&D coverage amount by moving from a lower coverage level to a higher coverage level during the fall Annual Enrollment period.