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The number one reason why people usually buy life insurance is to replace income lost upon the death of a family member. If you're like most people, you probably feel that your family will need a dependable income for years to come.
Yet 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.
That's why we've created the MetLife Guaranteed Survivor Income Benefit. 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. Consider how this benefit's monthly income can improve your family's quality of life and enhance their financial security:
- GSIB guarantees an attractive, predictable monthly income regardless of the interest rate environment.
- It guarantees, under any market conditions, that your family will receive more income than MetLife would normally pay.
- 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 will better protect your family's nest egg from creditors and solicitors.
- It's flexible - should your beneficiary need a portion of proceeds paid in cash (to pay off debts or for any other reason), this can be arranged and the balance can be paid as monthly income.
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