Skip directly to content

2011 Press Releases

~ Rider Enhances Flexibility of Protection and Offers 1, 5, 10, 15 and 20 year Term Premium Periods ~

New York, NY – January 11, 2011 – According to the MetLife Study of the Emotional and Financial Impact of Disability, three in five individuals who were out of work for at least six months because of a disability did not have disability income protection. To make it easier for individuals to obtain the income protection levels that they need, MetLife today announced the launch of its new Disability Income Term Premium Conversion (TPC) Rider. Adding the TPC Rider to MetLife’s OMNI Series Disability Income Insurance products offers increased flexibility to meet evolving budget considerations. The TPC Rider, which is not yet available in all states, offers consumers the choice to purchase disability coverage with initially more affordable term premium, which enables them to determine an amount of premium and coverage that’s right for their budget and needs.

“If you and your family depend on your income, you need disability income insurance—this coverage protects your family if you cannot work due to illness or injury,” states Clea Barth, vice president, Individual Disability Income for MetLife. “MetLife’s new TPC Rider provides great flexibility, allowing individuals to designate all or part of their disability benefit premium as term premium, which is initially less than level premiums. This allows you to protect your family in a way that meets your budget constraints.”

If an individual selects the TPC Rider, he or she will have the option to pay for all or part of the policy with term premiums. A term premium is a premium amount that increases only after a set period of time has passed. Available term premium periods include a one year renewable term premium period, in addition to a choice of 5, 10, 15 or 20 year periods, which are unique to this rider. After the end of the initial term premium period, premiums will increase annually.

“The TPC Rider allows young families and professionals just beginning their careers to obtain the maximum amount of disability income protection available without sacrificing when it comes to selecting the benefit and elimination periods. It is about having more choices available to customize their policy to best meet their needs,” notes Barth.

Rather than face the possibility of having to limit their coverage in order to keep premiums affordable, with the TPC Rider, consumers may be able to purchase the coverage they need without lowering monthly benefits, shortening benefit periods, lengthening elimination periods or foregoing optional benefits to reduce the premium payment. Individuals who have chosen the rider can convert all or part of the benefit paid with term premium to a level premium basis, on any policy anniversary that occurs before age 56. The conversion can occur prior to or after the end of the term premium period and conversion does not require any additional evidence of insurability and can be completed on one policy, with no additional policies needed.

As part of the company’s efforts to educate consumers about individual disability income insurance and the protection it offers, MetLife's online Disability Insurance Calculator helps consumers determine how much disability coverage they need. The calculator is accessible free of charge, along with other information about disability income insurance at

About MetLife

MetLife is a subsidiary of MetLife, Inc. (NYSE: MET), a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 60 countries. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia Pacific, Europe and the Middle East. For more information, please visit


Press Release Archives


When I enter a phone number in the space provided above, I consent to receive phone calls to the phone number I provided, including calls to my wireless phone. I consent to have these calls generated using an automated technology from the MetLife family of companies, or vendors on MetLife's behalf, and that voicemails may be pre-recorded messages. My consent is not required to make a purchase.

Copyright 2003-14 Metropolitan Life Insurance Company NY, NY - All Rights Reserved.
PEANUTS © 2014 Peanuts Worldwide LLC