You know that life insurance is a critical part of your overall benefits plan. When you leave your employment, you have options to continue your current Group Life coverage and maintain this important protection for you and your family.
1 Subject to state availability. To take advantage of this benefit, coverage of at least $10,000 must be elected. Increases, decreases, minimum and maximum coverage amounts are subject to state availability.
2 Term Life insurance provides coverage to a specified age (age 100 for employee, note that life insurance coverage amount reduces to 50% at age 70 for employee; age 70 for Dependent Spouse; and age 25 for Dependent Child under MetLife’s ported coverage), and has no cash value.
3 Whole Life insurance is a life insurance product that builds cash value, and provided premiums are paid, provides coverage through a specified age (age 120 for MetLife’s converted coverage).
4 A non-renewable term life policy may precede a whole life conversion policy for a period of one year if your group coverage is issued in New York or West Virginia.
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.