Life Insurance
Let your legacy live on by ensuring your loved ones are taken care of, even when you’re not there to do it yourself.
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Did You Know?
The average out-of-pocket cost for end-of-life and funeral expenses is over $20,000?1
MetLife Advantages℠
Preparing for the Future
Funeral Discounts & Planning Services: Alleviating the heavy burden of making funeral arrangements for your loved ones when the time comes.
Will Preparation: Helping to ensure your final wishes are clearly communicated.
Digital Legacy: Secure important documents such as deeds, wills, personal photos, and videos.
Transitioning Through Changes
Transition Solutions: Assistance with your policy when leaving your company.
Portability: Helping to prevent any gaps in your coverage.
Travel Assistance: Access to medical, travel, and concierge services when traveling both internationally or domestically.
Support Through Difficult Times
Grief Counseling: Access to professional support for loved ones during a time of need.
Funeral Assistance: Assistance with customizing final arrangements with personalized, one-on-one service.
Estate Resolution Services: Settling a loved one’s estate with confidence.
Why MetLife
150 Years of Expertise
Collaborate with our experts to help you explore options and recommend the right benefits at the right price.
Unmatched Value
From setup to enrollment and ongoing service through claims, our dedicated service teams are with you and your family every step of the way.
Insurance for Every Stage
MetLife’s insights and expertise provide a wide range of benefit solutions. From health, auto, legal, life, and so much more.
FAQ
Life insurance is a cost-effective way to protect your family and finances. Should something unforeseen happen to you, it helps ensure that short and long-term financial obligations could be met.
If you have a spouse, or a family (domestic partner and/or children), they may rely on you to help keep the household running. Life insurance gives you confidence that your family would be financially prepared without you to handle expenses.
In the event of your passing, life insurance provides money directly to the individuals you select, your beneficiaries, who can use the money as they see fit, including:
- Replacing lost income
- Covering basic living expenses
- Paying household debts, estate taxes, and funeral expenses
- Funding a child’s education
- Supplementing retirement savings
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 for a specified period of time – usually from one to 20 years. If you stop paying premiums, the insurance 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:
Get valuable coverage at an affordable price
Help cover specific financial responsibilities like a mortgage or college expenses
Supplement a permanent policy
Permanent 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, until it matches the face value of the policy. The cash can generally be accessed via loans or withdrawals, 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:
Protection for life
Payments that stay the same each year
To put additional money into the policy on a tax-favored basis
Cash value you can use while you are living
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:
Competitive group rates
Guaranteed issue, meaning you can get a certain amount of coverage without answering health questions or taking a medical exam
Convenient payroll deductions
Easy access to enrollment and educational tools that can help you make the right decisions about the type and amount of insurance that’s right for you
The confidence of knowing that your employer has reviewed and selected the plan
All you have to do is sign up, and sometimes enrollment is automatic.
Everyone is different, but it may be more than you have now. The insurance you 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 will face.
It’s simple to determine the amount of coverage you may need now. Just go to www.metlifeiseasier.net 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 an economical way for you to provide for your family with competitive group rates and a wide range of coverage options to choose from. Exact rates can be found in the enrollment materials.