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Permanent Life Insurance

Permanent Life Insurance offers protection for your entire lifetime1 with the ability to build cash value to help you achieve your financial goals.

Two types of plans are commonly available at the workplace: Group Variable Universal Life (GVUL) with a number of investment options; and Group Universal Life (GUL) with a fixed savings component.


GVUL has a variety of unique features that can help you meet your needs today and in the years ahead. GVUL combines life insurance protection with tax-deferred investment options, that provide you the opportunity to:

  • Invest additional dollars above the cost of insurance into
    • variable investment portfolios
    • an interest-bearing account with a guaranteed minimum interest rate*, or
    • both.
  • Benefit from earnings growth, generally tax-deferred, on your contributions.
  • Supplement your 401(k) or other qualified savings plans.
  • Access cash value before age 59½, generally without penalty or surrender charges. **


GUL insurance can provide you with affordable, guaranteed protection. You can build your policy's cash value by contributing additional dollars into a tax-deferred interest bearing account. With a fixed rate account that never drops below a certain minimum, you can focus on guaranteed protection*.


You should consider Permanent Life Insurance if you want:

  • Lifetime coverage.
  • Income protection with an additional tax-advantaged investment opportunity you can tap into during your lifetime.
  • Flexible funding options.

Some things to keep in mind about Permanent Life Insurance:

  • Current Cost – As a general rule of thumb, Permanent Life Insurance tends to be more expensive than Term Life coverage.
  • Flexibility if You Leave Your Employer – You can typically take your coverage with you, should you leave your employer.
  • Tax-Deferred Investment Opportunity – In addition to your premium, you have the option to contribute more money to your coverage, providing you with a tax-deferred growth opportunity.

1 To the maturity age specified in the certificate. In some program designs, if the employer replaces MetLife GVUL/GUL with another group life insurance plan or otherwise terminates the MetLife group contract, employees' coverage may also be terminated, even after separation from employment or retirement.

Prospective purchasers should consider their investment time horizon, tax rates and the effect of any expense charges when evaluating the benefit of tax deferral.

*Guarantees are subject to the financial strength and claims-paying ability of Metropolitan Life Insurance Company.

**In general, if the funding of your certificate exceeds certain limits, it will become a "modified endowment contract" (MEC) and become subject to "earnings first" taxation on withdrawals and loans. An additional 10% penalty for withdrawals and loans taken before age 59½ will also generally apply. We will notify you if a contribution would cause your certificate to become a MEC. Withdrawals will reduce your cash value and death benefit.

Pursuant to IRS Circular 230, MetLife is providing you with the following notification:
The information contained in this brochure is not intended to (and cannot) be used by anyone to avoid IRS penalties. This brochure supports the promotion and marketing of GVUL. You should seek advice based on your particular circumstances from an independent tax advisor.

MetLife, its agents, and representatives may not give legal or tax advice. Any discussion of taxes herein or related to this document is for general information purposes only and does not purport to be complete or cover every situation. Tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the facts and circumstances. You should consult with and rely on your own independent legal and tax advisors regarding your particular set of facts and circumstances.

Prospectuses for Group Variable Universal Life insurance and its underlying portfolios can be obtained by calling (800) 685-0124. 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.

There is no guarantee that any of the variable options in this product will meet its stated goals or objectives. 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.

Like most insurance contracts, MetLife’s contracts contain terms for keeping them in force. Please contact MetLife for costs and complete details.

Group Variable Universal Life insurance (GVUL) is 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 are distributed through MetLife Securities, Inc. (MSI) (member FINRA/SIPC), 1095 Avenue of the Americas, New York, NY 10036. MLIC, MLIDC and MSI are MetLife companies. MetLife’s standard GVUL certificate forms, available on or after 5/1/09 include: Certificate Forms G.24300(2003); G.24300A(2003); NY-G.24300-STOCK and G.24300A-STOCK. Coverage may also be provided on MetLife’s previous standard Policy Forms 30037(6/96); FL-3003709(5/2005); IN-3003713(6/96); MA-3003720(6/96); MD-3003719(6/96); MN-3003722(6/96); MS-3003723(5/2005); NE-3003726(6/96); NY-3003731(5/2005); OK 3003735(6/96); OR-3003736(5/2005); PA- 3003737(6/96); SC-3003739(6/96); SD- 3003740(6/96); and TX-3003772(5/2005).

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).

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