Life Insurance
Life insurance pays your beneficiary in the event of your death.
Life has changed, the need to protect your family hasn't
You can get affordable life insurance coverage to protect those you care about most and the life you’re building for them today. Current Life Insurance participants can increase or decrease coverage at any time, any increase will require medical questions. If you are a new hire, you have 60 days to enroll in Life up to the guaranteed issue limit (Employee, $100,000 or Spouse $50,000) without the need to answer medical questions.
You can easily protect your family’s future, today
We've all experienced how important it is to protect the health and safety of loved ones. It's why you work hard, continue to save what you can and try your best to plan for what's next. Looking after those you care for should not be a financial burden. Now you can help ensure that future by providing your loved ones with the financial protection only life insurance offers. This way, you’ll know that the life you’re working hard to build for your family will still move forward, no matter what happens.
- Provides your family with valuable financial protection
- Pays a monetary benefit to your beneficiary in the event of your death
- Money can be used for a wide variety of purposes: final expenses, income replacement, paying off mortgage and other debts, childcare/education costs, and other short- and long-term expenses
80% of people think life insurance is more expensive than it actually is.1
Plan Details
Life has changed, but the need to protect and provide for loved ones has not.
Did you know?
Once you enroll in Optional Life Insurance coverage, you and your covered family members have access to Travel Assistance2 service when traveling within the U.S. or abroad. Click here to learn more.
The Optional Life Insurance coverage is a voluntary benefit in which you pay the entire premium.
Optional Life coverage is available in $10,000 increments up to the lessor of 6x salary or $750,000.
Your Optional Life coverage cost is based on the amount of coverage you elect and your age as of April 1, 2024. These rates are guaranteed until April 1, 2025.
Optional Life rates
| Age | Monthly rate per $1,000 of coverage |
|---|---|
| Under 35 | $0.019 |
| 35-39 | $0.025 |
| 40-44 | $0.047 |
| 45-49 | $0.074 |
| 50-54 | $0.124 |
| 55-59 | $0.223 |
| 60-64 | $0.236 |
| 65-69 | $0.409 |
| 70-74 | $1.022 |
| 75-79 | $1.311 |
| 80 and over | $2.060 |
The rates outlined in the above chart are guaranteed until 3/31/2026.
The Dependent Spouse Life Insurance coverage is a voluntary benefit in which you pay the entire premium.
Dependent Spouse Life coverage is available in $10,000 increments up to $150,000 or 100% of your Optional Life amount, whichever is less.
Your Dependent Spouse Life coverage cost is based on the amount of coverage you elect and your age as of April 1, 2024. These rates are guaranteed until April 1, 2025.
Dependent Spouse Life rates
| Age | Monthly rate per $1,000 of coverage |
|---|---|
| Under 35 | $0.019 |
| 35-39 | $0.025 |
| 40-44 | $0.047 |
| 45-49 | $0.074 |
| 50-54 | $0.124 |
| 55-59 | $0.223 |
| 60-64 | $0.236 |
| 65-69 | $0.409 |
| 70-74 | $1.022 |
| 75-79 | $1.311 |
| 80 and over | $2.060 |
The rates outlined in the above chart are guaranteed until 3/31/2026.
The Dependent Child Life Insurance coverage is a voluntary benefit in which you pay the entire premium.
Dependent Child Life coverage is available for $5,000 or $10,000. Children are eligible from live birth to age 26. A child can be covered by only one parent.
One monthly premium covers all eligible children. Your Dependent Child Life coverage cost is based on the amount of coverage you elect as of April 1, 2024. These rates are guaranteed until April 1, 2025.
Dependent Child Life rates
| Coverage | Monthly rate |
|---|---|
| $5,000 | $0.300 |
| $10,000 | $0.600 |
The rates outlined in the above chart are guaranteed until 3/31/2026.
METLIFE ADVANTAGES
Services to help navigate what life may bring, at no additional cost to you!
Life Insurance FAQs
While having life insurance provided by your employer is a great benefit, it’s possible that it may not be enough to adequately provide for your family. Additional life insurance can give your family greater financial security if you are no longer here to earn a paycheck.
Everyone is different, but you may need more than you have now. The insurance you need changes as your life changes — for example, getting married, starting a family or buying a home might change the coverage you need. Many people are surprised to learn that they don’t have enough life insurance to cover the many expenses their loved ones may face. It’s simple to determine the amount of coverage you need now:
Go to www.lifeonlinecalculator.com to calculate how much life insurance may be right for you.
It may be less expensive than you think. MetLife’s group life insurance plans are an economical way for you to provide for your family with competitive group rates and a wide range of coverage options to choose from. Exact rates can be found in the enrollment materials provided by your employer.
Premiums are conveniently paid through payroll deduction, so you don’t have to worry about writing a check or missing a payment.
- You get competitive group rates and a wide range of coverage options to choose from.
- Proceeds are generally income tax free and can be paid to your beneficiary in a lump-sum payment.
- You will have the convenience of having premiums automatically deducted from your paycheck
With portability, you can take your life insurance benefits with you without a gap in coverage. You can continue your Group Life insurance coverage with MetLife should you leave your employer for any reason. Competitive rates apply but will likely be higher than your current rates. MetLife will bill you directly2
How much Life insurance should you have?
Protect what matters most
Take control of your life insurance coverage so you’ll have the right protection in place for you and your family at all times.
Enroll, view your current coverage information
ENROLL/VIEW COVERAGE
1 LIMRA - http://www.limra.com/uploadedFiles/limra.com/LIMRA_Root/Posts/PR/LIAM/PDF/Infographic_TrueCost.pdf
2 Travel Assistance services are offered and administered by AXA Assistance USA, Inc. Certain benefits provided under the Travel Assistance program are underwritten by Certain Underwriters at Lloyd’s London (not incorporated) through Lloyd’s Illinois, Inc. Neither AXA Assistance USA Inc. nor the Lloyd’s entities are affiliated with MetLife, and the services and benefits they provide are separate and apart from the insurance provided by MetLife.
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 your MetLife Group Representative for costs and complete details.