Plan Benefits

Eligibility and Enrollment Details

As a NAFI employee, you are eligible to apply for life insurance for yourself and your eligible dependents. You may enroll for partially employer paid Basic Life/Accidental Death & Dismemberment coverage, voluntary Supplemental Term Life insurance coverage and Dependent coverage.

Enrollment Details:

Please complete and return the enrollment form to your HR Authorized Representative.

  • If enrolling within the first 30 days of being eligible complete the Enrollment Form. To review rates and upon form completion, please return to your HR Authorized Representative.
  • If enrolling or making changes outside of the 30 days, and enrolling your spouse or child(ren), complete the Limited Medical Information Form (LMI Form/Short Form SOH)
  • If you answer yes to any of the health questions on the Limited Medical Information Form, please also complete the Full Statement of Health Form1

We encourage you to take this opportunity to enroll in the coverage(s) that is right for you and your family.

Basic Life / AD&D

Basic Life includes Accidental Death & Dismemberment (AD&D) Insurance. 

• Employees whose base annual earnings are $48,000 or less may elect an amount equal to the lesser of 1 ½ times base annual earnings or $50,000.

• Employees whose base annual earnings are more than $48,000 may elect an amount equal to 1 times base annual earnings plus $2,000 up a maximum of $200,000.

Supplemental Life Insurance Coverage

  • All employees may apply for 1 to 2 times basic life amount of insurance up to a maximum of $200,000

 

 

Dependent Life Insurance Coverage

• Option 1: $5,000 for Spouse/Domestic Partner and $2,500 per Child 

• Option 2: $10,000 for Spouse/Domestic Partner and $5,000 per Child

 

 

MetLife AdvantagesSM

  • Face-to-Face Will Preparation Service:2 Face-to-Face Will Preparation Service at no additional cost. You and your spouse may set up face-to-face or over the phone meetings with an attorney from MetLife Legal Plans' network of over 18,500 participating attorneys to prepare or update a will, living will, Power of Attorney, and other estate documents.
  • Face-to-Face MetLife Estate Resolution Services:2 Face-to-Face Estate Resolution Service at no additional cost. Estate representatives and beneficiaries may receive face-to-face or over the phone legal assistance with probating your and your spouse's estates. Beneficiaries may also consult an attorney from MetLife Legal Plans' network for general questions about the probate process.
  • Accelerated Benefits Option3 you can receive up to 100% of your Supplemental Life Insurance proceeds to a maximum of $200,000 in the event that you become terminally ill and are diagnosed with less than 24 months to live. This can go a long way toward helping your family meet medical and other related expenses at this difficult time.

Enroll today!

Please complete and return the enclosed enrollment form to your HR representative.

New Hires click here. All other employees click 'Enroll'

Enroll

1 Coverage is subject to review and approval by MetLife based upon its underwriting rules.

2 Will Preparation Services and Estate Resolution Services are offered by MetLife Legal Plans, Inc., a MetLife company, Cleveland, Ohio. In certain states, Will Preparation Services and Estate Resolution Services are provided through insurance coverage underwritten by Metropolitan General Insurance Company, Warwick, RI. These services are provided at no additional cost to those who purchase Supplemental Life Insurance only. Certain services are not covered by Estate Resolution Services, including matters in which there is a conflict of interest between the executor and any beneficiary or heir and the estate; any disputes with the group policyholder, MetLife and/or any of its affiliates; any disputes involving statutory benefits; will contests or litigation outside probate court; appeals; court costs, filing fees, recording fees, transcripts, witness fees, expenses to a third party, judgments or fines; and frivolous or unethical matters.

3 The Accelerated Benefits Option is subject to state regulation and is intended to qualify for favorable federal income tax treatment, in which case the benefits will not be subject to federal income taxation. This information was written as a supplement to the marketing of life insurance products. Tax laws relating to accelerated benefits are complex and limitations may apply. You are advised to consult with and rely on an independent tax advisor about your own particular circumstances. Receipt of accelerated benefits may affect your eligibility, or that of your spouse or your family, for public assistance programs such as medical assistance (Medicaid), Temporary Assistance to Needy Families (TANF), Supplementary Social Security Income (SSI) and drug assistance programs. You are advised to consult with social service agencies concerning the effect that receipt of accelerated benefits will have on public assistance eligibility for you, your spouse or your family..

MetLife Group Term Life insurance and AD&D is issued by Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166 under Policy Form GPN99/G2130-S.

Nothing in these materials is intended to be advice for any particular situation or individual. Please consult with your own advisors for such advice. Like most group insurance policies, insurance policies offered by MetLife contain certain exclusions, exceptions, waiting periods, reductions, limitations and terms for keeping them in force. Please contact your benefits administrator or MetLife for costs and complete details.