One policy, two benefits
Learn about the features of GVUL and use the interactive tools to help you make an informed decision about your benefits.
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Protect your family’s financial security and start building savings today.
MetLife’s Group Variable Universal Life (GVUL) insurance is a single policy with two
benefits — life insurance and an investment feature.
- Permanent – protect your family while saving for the future.3
- Portable –take it with you at active group rates if you change jobs or retire.3
- Flexible – update your policy as your needs change.
- Easy –invest via payroll deduction and/or a lump-sum contribution at any time during the year.
- Accessible – obtain your cash value at any time through loans and withdrawals with no surrender charges or tax penalties.4
- Tax-advantaged – all potential earnings on your investment can be withdrawn tax-free under certain conditions.4
- Tax-free withdrawals – if your total cash value does not exceed the total cost basis, your entire withdrawal is tax-free.4
- Customizable – allocate additional investment dollars into a wide spectrum of nationally recognized investment fund options – including stocks and bonds, money market funds5 as well as an interest-bearing account with a minimum guaranteed rate of return.6
To speak with a GVUL Benefits Specialist, call 800-756-0124,
Monday - Friday, 7:00 am - 7:00 pm CT
Learn more about the investment feature
Enroll or update coverage
ENROLL NOWOne policy, two benefits
Life insurance with an investment option can help you maintain your family’s financial security in the future and in the present.
Do you have the right coverage for you?
No matter where you are in life, we want you to feel financially secure. Planning ahead and evaluating your life insurance needs is a smart way to make sure you’re protected as your needs and responsibilities change over time. Click on these examples to find out how much coverage you may need. Or use our online calculator to get your personalized recommendation.
Coverage needs
Family of four
This family should consider $1,900,000 to replace income, pay off mortgage and debt and fund college expenses.
Single parent
This single parent should consider $800,000 to replace income, pay off debt and fund college expenses.
Empty nesters
This couple should consider $735,000 each to replace income and supplement retirement savings.
With one parent as primary care giver and one as the primary income earner, this family wants to make sure their life insurance will cover that income.
How much life insurance do you need?
To speak with a GVUL Benefits Specialist, call 800-756-0124,
Monday - Friday, 7:00 am - 7:00 pm CT
Tax-Deferred1 Investment Feature
Tax-deferred gains can grow faster than taxable gains.
FAQs
Life insurance:2 While you are actively at work for the employer offering your GVUL program, you can typically apply for more coverage at the program anniversary each year. In addition, some programs may allow coverage increases at any time, or within a specified time period following a change in family status. If you terminate employment with this employer, and begin paying premiums directly, you still have the ability to apply for more coverage. Check your Plan Summary for details.
Investment contributions: You can begin investing or make changes to your investment contributions/fund allocations at any time during the year by accessing your GVUL enrollment site.
The easiest way to update your coverage is online. However, some plans may require you to complete a paper form. See your Plan Summary for details on updating your coverage.2
When you enroll for GVUL insurance coverage, you become the owner of a permanent life insurance certificate. As the certificate owner, you have the ability to control your life insurance coverage amount and your tax-deferred investment contributions (if any), and to name your life insurance beneficiary.
You may choose to “assign” ownership of your coverage to another individual or entity. Once you transfer ownership of your certificate, that individual or entity will have control over selecting your life insurance coverage amounts, investment contributions, etc. You should speak with a financial professional before making any changes to your certificate.
Yes. After consultation with an independent tax advisor, you may wish to transfer any accumulated cash value and/or cost basis from another permanent life insurance certificate into your MetLife GVUL certificate. This can be accomplished via a 1035 Exchange (named after the section of the Internal Revenue Code which provides for the exchange to be tax-free), which transfers the value of the existing life insurance certificate into your MetLife certificate.
Yes, you can continue your coverage at competitive* group rates under the portability option if you leave your company or retire.3
Enroll or update coverage
ENROLL NOWTo speak with a GVUL Benefits Specialist, call 800-756-0124,
Monday - Friday, 7:00 am - 7:00 pm CT