Life and AD&D insurance
Life has changed, the need to protect your family hasn’t. You can get cost-effective coverage to protect those you care about most and the life you’re building for them.
Employees can apply to enroll in optional life and AD&D insurance plans at any time throughout the year. Log into ITWemployee.com. Click on the “Health & Life Elections” button under the Benefit Provider Websites dropdown.
You can easily protect your family’s future, today
We've all experienced how important it is to protect the health and safety of loved ones. It's why you work hard, continue to save what you can and try your best to plan for what's next. Looking after those you care for should not be a financial burden. Now you can help ensure that future by providing your loved ones with the financial protection only life insurance offers. This way, you’ll know that the life you’re working hard to build for your family will still move forward, because life insurance can be used for a wide variety of purposes including final expenses, income replacement, paying off mortgage and other debts, childcare/education costs, and other short- and long-term expenses.
Did you know? 80% of people think life insurance is more expensive than it actually is.1
Plan summary
Learn about ITW’s Life and AD&D Insurance Plan and what it has to offer.
METLIFE ADVANTAGES
Services to help navigate what life may bring, at no additional cost to you!
Designating a beneficiary
Is your life insurance beneficiary information up to date? We encourage you to take a few minutes to review your beneficiary designations.
Life and AD&D insurance FAQs
While having life insurance provided by your employer is a great benefit, it’s possible that it may not be enough to adequately provide for your family. Additional life insurance can give your family greater financial security if you are no longer here to earn a paycheck.
This coverage is a way to protect your family and finances in the event something happens to you. For many people, these coverages help ensure that if the unforeseen should happen, short- and long-term financial obligations could be met. If you have a spouse and/or children, they may rely on you to help keep the household running. It’s important to take steps to make sure your family would be financially prepared if you were no longer there to handle expenses like:
- Mortgage or rent payments
- Insurance premiums
- Transportation
- Utilities
- Child care/education fees
- Credit cards
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 plan summary.
Everyone is different, but you may need 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 might change the coverage you need. Many people are surprised to learn that they don’t have enough life insurance to cover the many expenses their loved ones may face.
It’s simple to determine the amount of coverage you need now:
Go to www.metlife.com/lifeneeds to calculate how much life insurance may be right for you.
Premiums are conveniently paid through payroll deduction, so you don’t have to worry about writing a check or missing a payment.
- You get competitive group rates and a wide range of coverage options to choose from.
- Proceeds are generally income tax free and can be paid to your beneficiary in a lump-sum payment.
- You will have the convenience of having premiums automatically deducted from your paycheck
With portability, you can take your life insurance benefits with you without a gap in coverage. You can continue your Group Life insurance coverage with MetLife should you leave your employer for any reason. Competitive rates apply but will likely be higher than your current rates. MetLife will bill you directly2
How much life insurance should you have?
*This calculator has been developed by and is the property of MetLife, Inc. It is designed to provide general guidance and estimates based on information you provide and is not intended to provide financial advice for any particular situation or individual. The estimates provided are not specific to ITW’s rate. Please refer to ITW’s plan summary for current rates.
Protect what matters most
Take control of your life insurance coverage so you’ll have the right protection in place for you and your family at all times.
1 LIMRA - http://www.limra.com/uploadedFiles/limra.com/LIMRA_Root/Posts/PR/LIAM/PDF/Infographic_TrueCost.pdf
2 To the maturity age specified in the certificate.
Like most group insurance policies, insurance policies offered by MetLife contain certain exclusions, exceptions, waiting periods, reductions, limitations and terms for keeping them in force. Please contact your benefits administrator or your MetLife Group Representative for costs and complete details.