Almost 9 in 10 Americans view life insurance as a necessity however only 6 of 10 Americans say they actually own some sort of life insurance with half of American households saying they need more life insurance.1
Life insurance is a core component of a workplace benefit program because it provides employees with essential protection for their families. However, with medical costs continuing to rise, many employers are challenged to sustain their current levels of employer-paid coverage.2 Adding voluntary life insurance options is a simple way to provide employees with the added protection they want and need, without increasing benefits costs.
The Right Solutions
MetLife can help offer the right benefits to employees from a robust group life product portfolio.
Our group voluntary life insurance options includes:
- Supplemental Term Life2
- Accidental Death & Dismemberment (AD&D)2
- Group Variable Universal Life (GVUL)3
- Group Universal Life (GUL)4
- Whole Life5
1 11th Annual MetLife Employee Benefits Trend Study, 2013: Health Care Reform and Productivity Pressures Insight.
2 Group Term Life and AD&D coverage are provided under a group insurance policy (Policy Form GPNP99) issued by Metropolitan Life Insurance Company, 200 Park Ave., New York, NY 10166.
3 Group Variable Universal Life insurance (GVUL) issued by Metropolitan Life Insurance Company (MLIC), New York, NY 10166, and distributed by MetLife Investors Distribution Company (MLIDC) (member FINRA), Irvine, CA 92614. Securities, including variable products, offered through MetLife Securities, Inc. (MSI) (member FINRA/SIPC), 1095 Avenue of the Americas, New York, NY 10036. MLIC, MLIDC and MSI are MetLife companies. Certificate Forms G.24300; G.24300A; MN-G.24300M and G.24300AM and in NY-G.24300-STOCK and G.24300A-STOCK.
4 Group Universal Life (GUL) is issued by Metropolitan Life Insurance Company, New York, NY 10166. MetLife's standard Certificate Forms include: Certificate Forms G.9704 (2009); G.9704A (2009). Coverage may also be provided on MetLife's previous standard Policy Forms 30024 (1/95); DE-3002407 (2/2008); FL-3002409 (5/2005); IN-3002413 (1/95); KS-3002415 (1/95); LA-3002417 (2/2008); MN-3002422 (1/95); MS-3002423 (5/2005); NY-3002431 (5/2005); OK-3002435 (1/95); OR-3002436 (2/2008); PA-3002437 (1/95); SD-3002440 (1/95); TX-3002472 (5/2005).
5 Texas Life Whole Life Insurance is available through your MetLife representative and is underwritten by Texas Life Insurance Company, Waco, Texas. Texas Life is not affiliated with Metropolitan Life Insurance Company or its affiliates.
Life most insurance policies, policies offered by MetLife and Texas Life Insurance Company contain certain exclusions, limitations, exceptions, reductions of benefits, waiting periods and terms for keeping them in force. Please contact MetLife for more information.
Prospectuses for Group Variable Universal Life insurance can be obtained by calling (800) 756-0124. You should carefully consider the information in the prospectuses about the contract's features, risks, charges and expenses, and the investment objectives, risks and policies of the underlying portfolios, as well as other information about the underlying funding choices. Please read the prospectuses and consider this information carefully before investing. Product availability and features may vary by state. All product guarantees are subject to the financial strength and claims-paying ability of Metropolitan Life Insurance Company.
Cash value allocated to the variable investment options is subject to market fluctuations so that, when withdrawn or surrendered, it may be worth more or less than the amount of premiums paid.