METLIFE'S LEGAL SERVICES EMPLOYEE BENEFIT PLAN NOW OFFERS CREDIT MONITORING SERVICES TO HELP PARTICIPANTS AVOID IDENTIFY THEFT
Addition of Credit Monitoring in the Large Employer Market Strengthens Identity Theft Services Already Offered through MetLaw®
NEW YORK, July 11, 2017
As concerns about identity theft continue to be top of mind for employees, MetLife has added credit monitoring services to its group legal services employee benefit plan, MetLaw®, which is provided by Hyatt Legal Plans, a MetLife company. The new credit monitoring service, available to employers with 1,000 or more employees, strengthens the product's identity theft protection services for participants.
"The number of employers offering legal services plans has doubled in the past 10 years, and the popularity of this benefit continues to grow," said Randy Stram, senior vice president of National Accounts in MetLife's Group Benefits business. "We've added the new credit monitoring service to further support employers as they work to meet employees' need for resources that protect against identity theft. With the growth of the gig economy, employers are intently focused on retaining and engaging their employees, and workplace benefits customized to employees needs play a key role."
Through MetLaw®, employees at organizations that offer the plans have access to a network of more than 14,000 attorneys to provide guidance on potential legal actions arising from identity theft, as well as a variety of other common legal issues, including wills and estate planning documents, powers of attorney, family law, traffic defense and more.
The new credit monitoring service, provided by CyberScout, scours the internet and major credit bureaus to help uncover and minimize fraud in the early stages and provides members with a dashboard of credit reports to monitor their credit scores. If identity theft is uncovered, fraud specialists work to restore the member's identity. Participants who experience an identity theft incident can also be reimbursed up to $1 million for reasonable and necessary expenses related to the incident, such as lost wages and unauthorized electronic fund transfers.
"We're proud to partner with CyberScout to offer even more robust identity theft protection to MetLaw® plan members," said Ingrid Tolentino, CEO of Hyatt Legal Plans. "CyberScout continues to lead the industry in identifying and resolving fraud and we're confident that their best-in-class service will add significant value for employers by helping more employees avoid identity theft through credit monitoring."
Employers interesting in offering a legal services plan can find out more at www.legalplans.com.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ("MetLife"), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
About Hyatt Legal Plans
Hyatt Legal Plans, a MetLife company, helps Americans address important life issues through legal services plans. The company provides affordable access to the most commonly needed legal services to over 10 million Americans nationwide. MetLaw®, Hyatt's model group legal plan, features a nationwide network of over 14,000 licensed attorneys and award-winning client service available by phone or online. For more information, visit www.legalplans.com.