–New Rewards Resolution Delivers Retirees Valuable Protection by way of the Workplace–
NEW YORK--(Company WIRE)--April 08, 2014--
MetLife announced today the availability of its new Voluntary Retiree Life insurance. This new group phrase daily life insurance coverage is made to provide an revolutionary retiree-paid daily life insurance resolution for personnel who are getting into retirement and during their retirement many years.
“The number of infant boomers expected to retire in the following 15 many years creates a massive need–staff with daily life insurance presented via the workplace will be seeking for ways to lengthen that insurance into retirement,” says Stephen Pontecorvo, Vice President at MetLife. “In response to this require, MetLife has designed a plan exclusively for retirees that offers convenient life insurance strategy options as properly as useful positive aspects retirees are most likely to enjoy.”
Retirees and their spouses will have accessibility to 3 prepare possibilities. The first amounts for plan coverage possibilities consist of up to $ 25,000 provided as assured concern and up to $ 75,000 or $ 150,000 in coverage, the 2 of which require medical evidence.
Additionally, the Voluntary Retiree Existence solution contains 3 attributes from MetLife Advantages(SM) , the company’;s suite of worth-extra solutions: face-to-face Will Preparation and encounter-to-face Estate Resolution Providers offered by Hyatt Legal Programs and the Complete Handle Account(one) , a protected and handy lifestyle insurance settlement choice. These attributes offer you clients valued assets as they enter the retirement stage.
MetLife’;s offer you stands apart in the marketplace. The retiree prepare is separate from that of prepare participants who are nevertheless actively employed so charges for recent employees are not impacted.
To aid employers offer suitable voluntary daily life coverage choices to retirees, MetLife will also give full plan administration by: creating communication supplies for enrollment preserving and managing all retiree and husband or wife records maintaining all beneficiary details and getting ready and delivering beneficiary claim packages managing billing and supplying MetLife’;s toll-totally free buyer services assistance.
“We know that more than 3 quarters of personnel we surveyed in MetLife’;s 12(th) Yearly Worker Positive aspects Trend Review want a greater variety of rewards from which to select, while 80% of individuals personnel worth benefits personalized to their circumstance and age,” says Pontecorvo. “By delivering Voluntary Retiree Life insurance coverage, our clients are ready to give staff much more advantage alternatives as they are getting into retirement.”
To learn a lot more about MetLife’;s lifestyle insurance alternatives and MetLife’;s Voluntary Retiree Life product, pay a visit to https://www.metlife.com/business/advantage-products/group-positive aspects/voluntary-existence-insurance/index.html. Like most Group Life insurance policies, MetLife insurance coverage policies have particular exclusions, limitations, reductions of rewards and terms for keeping them in force. A MetLife representative can offer you with fees and comprehensive specifics.
MetLife, Inc. (NYSE:MET), by way of its subsidiaries and affiliates (“MetLife”), is a top worldwide supplier of insurance coverage, annuities and worker benefit applications. MetLife holds top market place positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For a lot more info, visit www.metlife.com.
______________ 1. Subject to state law, and/or group policyholder course, the Total Manage Account is supplied for Existence and AD&D advantages of $ 5,000 or much more. The TCA is not insured by the Federal Deposit Insurance coverage Corporation or any government company. The assets backing TCA are maintained in MetLife's basic account and are subject to MetLife's creditors. MetLife bears the investment danger of the assets backing the TCA, and expects to earn income ample to spend curiosity to TCA Accountholders and to supply a revenue on the operation of the TCAs. Ensures are subject to the fiscal strength and claims-paying out capability of MetLife. Get in touch with: MetLife, Inc.
Lemore Hecht, 212-578-0591
Supply: MetLife, Inc. Copyright Organization Wire 2014
Accessibility Investor Kit for MetLife, Inc.
Go to http://www.companyspotlight.com/companion?cp_code=A591&isin=US59156R1086
The Wall Street Journal news division was not involved in the creation of this content.