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Term Life

Term Life Insurance is a cost-effective solution for your life insurance needs.

It features a set premium and offers protection for a specific time period or "term". You also have the flexibility to change your coverage as your needs evolve.

Common types of insurance at the workplace include:

Basic Term Life: Basic Term Life is generally an employer-paid benefit that provides your beneficiaries with essential protection and a cost-effective financial safety net in their time of need.

Supplemental Term Life: Supplemental Term Life is generally an employee-paid benefit that offers you extra protection to fit your needs.

Dependent Term Life: Dependent Term Life provides coverage for your spouse, civil union partner or domestic partner, and eligible children.

Additional information

Additional information on Term Life insurance:

You should consider Term Life Insurance if you want:

  • An affordable way to get financial protection.
  • A means to provide funds for specific financial responsibilities like a mortgage or college expenses.

Some things to keep in mind about Term Life Insurance:

  • It does not build cash value like a permanent life policy does.
  • It may be portable so you can take it with you if you leave your company.
  • If it's not portable, you will have the option to convert your group policy to an individual policy.

Group Term Life is issued by Metropolitan Life Insurance Company, New York, NY 10166. Policy Form GPNP99.