Let your legacy live on by ensuring your loved ones are taken care of, even when you’re not there to do it yourself.
Emotional devastation from death is so difficult. Invest in life insurance so your family is taken care of financially. MetLife is here for them.
Collaborate with our experts to help you explore options and recommend the right benefits at the right price.
From setup to enrollment and ongoing service through claims, our dedicated service teams are with you and your family every step of the way.
MetLife’s insights and expertise provide a wide range of benefit solutions. From health, auto, legal, life, and so much more.
Life insurance comes in two main types – term and permanent – which may both be available through your workplace.
Term life insurance pays a specific lump sum to your loved ones and provides coverage on your life for a specified period of time – usually from one to 20 years. If you stop paying premiums, the insurance coverage stops. Term policies pay benefits if you die during the period covered by the policy, but they do not build cash value. They may also give you the option to port. That is, you can take the coverage with you if you leave your company.
Generally, you should consider a term life insurance policy to:
Permanent 9 life insurance policies do not expire. They are intended to protect your loved ones permanently, as long as you pay your premiums. Some permanent life insurance policies accumulate cash value. That means, the value of the policy will grow each year, tax-deferred 10, 11 , until it matches the face value of the policy. The cash can generally be accessed via loans or withdrawals 12 , and can be used for a variety of purposes. This type of plan is typically portable so coverage can continue if employment terminates.
Consider a permanent insurance policy if you want:
Getting life insurance through work can be an easy way to protect your family. If your employer offers a group plan, consider signing up for advantages that may include:
All you need to do is sign up through your employer, and sometimes enrollment is automatic 14 .
Everyone is different, but it may be more than you have now. The insurance coverage you may need changes as your life changes — for example, getting married, starting a family or buying a home may change the type or amount of coverage you need. Many people are surprised to learn that they may not have enough life insurance to cover the many expenses their loved ones could face.
It’s simple to determine the amount of coverage you may need now. Just go to www.metlifeiseasier.com to calculate how much life insurance may be right for you.
It may be less expensive than you think. MetLife’s group life insurance plans are cost-effective way for you to provide for your family with competitive 13 group rates and a wide range of coverage options to choose from. Exact rates can be found in the enrollment materials.
Contact your employer for more information.