PRODUCT NEWS FROM METLIFE

PRODUCT NEWS FROM METLIFE

New York, June 24, 2014

MetLife, a leading provider of employee benefits, has introduced innovations in its group insurance product suite and distribution channels. These new offerings will help employers and employees address a changing benefits environment—providing employers with the tools they need to effectively deliver comprehensive benefits strategies and addressing diverse employee concerns with valuable solutions.

Highlights from the first half of 2014 include:

Cancer Insurance 
MetLife is adding Cancer Insurance to its portfolio of supplemental health insurance products to help employees address unexpected out-of-pocket medical expenses, such as deductibles, copayments and non-covered services when diagnosed with cancer. A complement to existing medical and disability coverage, MetLife's Cancer Insurance provides lump-sum benefits paid directly to the covered employee to spend as they choose, regardless of what is covered by other policies and offers a valuable solution that can help employers provide additional choice and protection to employees without increasing benefits costs. MetLife Cancer Insurance is easy to understand and use with simple plan designs, coordinated implementation and administration, dedicated enrollment support, and efficient claims processing. The plan is available to employees and eligible family members and features guaranteed issue coverage; a 3/6 pre-existing condition limitation; a recurrence benefit; no waiting periods or age limitations on coverage for employee or spouse/domestic partner; and continuation of coverage. The Cancer Insurance plan is based on the MetLife Critical Illness Insurance (CII) policy. MetLife Cancer Insurance includes only the covered conditions of full benefit Cancer and partial benefit Cancer.

MetLife Advantages 
MetLife Advantages^SM, a comprehensive suite of value-added services is now available with MetLife's group life insurance product offerings. The MetLife Advantages suite of services is designed to enhance benefits appreciation among employees, improve employee productivity and provide comfort to employers in knowing that their employees have support and protection when they need it most. The suite includes unique plan features designed to complement MetLife's group life offering. For employers, the suite can be a simple way to enhance a company's benefit offering while increasing benefits satisfaction and driving loyalty. These services help employees plan and get ahead in life and are conveniently accessed through the workplace. The services focus on three areas:

1. Support - provides comfort and guidance during challenging times, such as, grief counseling and travel assistance with identity theft services.

2. Planning - offers access to professional and in-person resources, such as face-to-face will preparation, special needs planning and retirewise^® a workshop series offering comprehensive retirement education.

3. Protection - includes a range of solutions for continuing workplace coverage such as transition solutions and plan portability.

To learn more about MetLife Advantages^SM, visit www.metlife.com/lifevalueadds.

Private Exchanges and Third-Party Platforms 
Mercer's 2013 National Survey of Employer Sponsored Health Plans found that a quarter of US employers are considering switching to a private exchange within two years and 45% would consider moving to an exchange within five years. As a benefits provider for 91 of the top 100 Fortune 500 companies, MetLife's broad product portfolio, national reach and expertise, positions the company as strategic partner in this space.

As of June 2014, the company will be participating on 11 private exchanges and third-party platforms and offering a variety of group insurance products, including Dental, Vision, Life, Disability, Critical Illness, Accident, Group Legal Services and Group Property and Casualty.