Challenges even a well-insured family can face.

Many people buy life insurance to replace income lost upon the death of a family member. If you are like most people, you probably feel that your family will need a dependable income for years to come. Life insurance is the only financial instrument that can guarantee cash when your family needs it the most, upon your death.

Typically, life insurance companies pay proceeds in the form of a single, one-time payment. This burdens the family with determining how to safely invest the family nest egg to replace the income lost due to death.

Many people who own a reasonable amount of life insurance feel that their families are secure. However, there are challenges even a well-insured family could face:

• How will they safely and reliably generate enough income in today's low interest rate environment?

• How can they be certain that they will not outlive their income?

• How significantly will their income be eroded by taxes?

• How might solicitors and creditors target your family's nest egg?

At MetLife we’ve taken an innovative step with Guarantee Advantage UL to enhance the level of financial security for your family.

To help surviving families answer their income needs, MetLife has developed the Guaranteed Survivor Income Benefit* (GSIB) (Patent Pending). GSIB can provide your family with a safe and reliable source of guaranteed income for the rest of their lives by paying the death proceeds in the form of enhanced monthly income.

Benefits of the Guaranteed Survivor Income Benefit* (GSIB)

Consider how this benefit’s monthly income can improve your family’s quality of life and enhance their financial security:

• This solution guarantees an attractive, predictable monthly income regardless of the interest rate environment.
• It guarantees, under any market conditions, that your family will received more income than MetLife would normally pay.
• Your beneficiary will enjoy peace of mind in knowing that they will never outlive their income.
• Unlike other income options, this benefit provides a portion of the monthly income tax free for as long as your beneficiary lives.

Receiving death benefit proceeds as monthly income can better protect your family’s nest egg from creditors and solicitors. 

Guaranteed Survivor Income Benefit (GSIB) flexibility

Another great advantage of the Guaranteed Survivor Income Benefit is its flexibility. Should your beneficiary need a portion of proceeds paid in cash (to pay off debts or for any other reason), this can be arranged too. The balance can be paid as monthly income.

The right amount.

You may wonder how much life insurance you should own to provide the guaranteed lifetime income your family will need. We’ve equipped our representatives with specialized tools to answer this question. You can be certain you’ll get just the right amount of Guarantee Advantage UL to ensure your family can be protected and receive the guaranteed monthly lifetime income you have envisioned for them.

Try our GSIB calculator to learn more.

Having one guarantee is great. Having two guarantees is even better.

Here’s why:

1. Owning a Guarantee Advantage UL policy with its guaranteed death benefit is an excellent first step towards securing your family’s financial future by ensuring that cash will be available when they need it the most.
2. By including the Guaranteed Survivor Income Benefit* with your Guarantee Advantage UL life insurance policy, you are taking the next step by providing what your family needs most – the guaranteed lifetime income they will be able to depend on.