I think your going to want to do more that just turn on the heaters for 20 years of storage.

First that long a period would justify a monitoring and alarm system to assure the heaters were always
on. When a motor is heated and the heat is removed the insulation absorbes moisture. Over 20 years your
going to loose powere a few times and the on - off cycle will not help the insulation.
I would look at a inert gas purge over the windings and bearings. They can be sealed to keep leakage to an
acceptable rate.
Viberaton of the storage area can brindle or deformed bearings. We had some motors on a construction site
that had to have the bearing changed because they were in a warehouse next to an area that was being
compacted. A large viberating compactor over a couple weeks hammered the bearings flat. Twenty years
stored near a train track might not be good. If you have oil reservious sample and have the oil analyzed
periodically.
General Electric had some proceedures for storing motors over long term. These were to cover storage at
nuke sites where construction was long and/or delayed. There was one for Core Spray and RHR pumps that
were vertical pumps like yours. You may be abel to get a copy at a BWR plant. There are also people out at
the Hanford Washington site that have nuke parts for sale. I'm sure they are storing them to some
manufactures specification. Look in the surplus equipment ads in Power or Electrical World.
I remember GE had a proceedure for long term storage of some motors that involved disassembly and
cocooning. GE also coated unpainted parts with "Tectol", a blact substance similar to cosmoline except tha it
dried hard.
Lastly the motors may make it 20 years but statistically you probably won't. Write a good proceedure with
references etc for the next guy.