Employers have no obligation under Missouri law to offer life insurance to their employees. However, if group life insurance is among the benefits offered to workers, certain minimum requirements must be satisfied (MO Rev. Stat. Sec. 376.691).
Group characteristics. The group to be insured may consist of any number of people, as long as it includes all the employees of the employer or all members of a particular class of employees. Employees of subsidiary and affiliated companies, retired employees, and directors of a corporate employer may be included in the group.
Beneficiary. The employee can name anyone except the employer as beneficiary.
Employer/employee contributions. Employers are not required to make any contribution toward the cost of group insurance, but if the employer does pay the entire cost, all employees in the eligible class (except those who reject coverage in writing and those for whom evidence of individual insurability is not satisfactory) must be covered by the policy.
Extension of benefits. Coverage may be provided to employees' spouses and minor children. If the employer pays the entire cost, all those eligible must be covered by the policy.
Conversion. Employees, as well as their spouses and minor children, are guaranteed the right to convert group coverage to an individual policy in the event that the group member's employment is terminated or the member ceases for any other reason to be a part of the class eligible for coverage.
Conversion must also be made available to an individual who has been covered for at least 5 years if that individual's coverage terminates because the group policy terminates or is amended so as to terminate the insurance of any class of ...