MORE ON LIFE INSURANCE
Evidence of Insurability
If the coverage amount you request exceeds the Guaranteed Issue, Evidence of Insurability (EOI) is required.
Reading your Life Schedule of Benefits
Your Schedule of Benefits outlines key details about your coverage, including benefit amounts and plan highlights.
Terms to know
Here are a few important terms to understand:
- Basic Life Insurance – The amount paid to your beneficiary if you pass away.
- Maximum Basic Life Benefit – The highest amount your plan will pay.
- Accelerated Benefit Option (optional) – If you’re diagnosed with a terminal illness, this option allows you to receive part of your benefit while still living.
- Guarantee Issue Amount – The maximum coverage available without additional medical information. If you are required to submit Evidence of Insurability (EOI), visit the EOI page for more information.
- Disability Provision – Your plan includes one of the following:
- Extended Death (Standard): If you become disabled and pass away within one year, your Life benefit is payable.
- Waiver of Premium: If you become totally disabled and can no longer work, your Life insurance premium is waived.
Please note, your plan includes options tailored to your employer. For full definitions and details, refer to your Schedule of Benefits or Certificate of Insurance. To obtain your specific Schedule of Benefits or Certificate, contact your employer or our Customer Service team.
An example is below.
Sample Life Schedule of Benefits
| Benefit | Benefit amounts and highlights |
|---|---|
| Basic Life Insurance | An amount equal to .5 times your Basic Annual Earnings |
| Minimum basic life benefit | None |
| Maximum basic life benefit | $500,000 |
| Accelerated benefit option | Up to 80% of your Basic Life Amount, not to exceed $250,000 |
| Guaranteed Issue amount | The Guaranteed Issue Amount for Basic Life Insurance is $500,000. Any amount of Life Insurance in excess of the Guaranteed Issue Amount is subject to Evidence of Insurability. |
| Disability provision | Extended Death |
Enhanced benefit options
Additional options may be available on your plan. You can read more about what they mean below. Please check your Schedule of Benefits for your exact plan coverage.
- Waiver of Premium – Waives Life insurance premium if you become totally disabled and are no longer able to work.
- Total Permanent Disability – If you become Totally and Permanently Disabled before reaching a pre-determined age, and remain Totally and Permanently Disabled, the Life insurance benefit will be payable.
- War Risk – If you are on assignment in war zones, MetLife has the flexibility to build this enhancement into your plan. Standardly, employees in war zones are eligible for Natural Causes Only coverage for Life. This buy-up allows you to be eligible for Basic Life and AD&D coverage.
MORE ON LIFE INSURANCE
Support services included in your plan
Grief counseling
Online and telephonic grief counseling support for a variety of life events
Will preparation and digital estate planning
Creating a will helps ensure your final wishes are honored and reduces stress for your loved ones.
Estate resolution
Settling an estate can be complex – but it doesn’t have to be.
Legacy trees
In partnership with the Arbor Day Foundation, we plant a tree in memory of every person covered under a MetLife Life insurance policy.
Grief, loss, and change – you’re not alone
Grief can take many forms and affect each of us differently. Whether you're coping with the loss of a loved one or navigating a major life change, professional counselors are here to support you and your family – at no additional cost. Please check your Schedule of Benefits or ask your employer if this service is included in your plan.
Plan for the future with our legal
If you don’t have a will yet, you can create one quickly and easily using the MetLife Legal Plans website. Please check your Schedule of Benefits or ask your employer if this service is included in your plan.
Plan for the future with our legal services
This service includes probate support for the executor or administrator of the insured’s estate, with unlimited consultations with a plan attorney. Please check your Schedule of Benefits or ask your employer if this service is included in your plan.
Our program and pledge to you and your family
While serving as a living memorial for our insureds, the program will also fight deforestation, provide clean air, shade cover and habitat for animals, while reducing erosion and flooding in communities.