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Group Life Insurance

Our broad range of products help employees build the right solution to meet their financial needs. For more information about our life insurance solutions, please contact your broker.

Term Life Insurance

Offer employees a cost-effective financial safety net for a fixed period of time.

MetLife offers a variety of solutions that help balance cost with employee needs.

  • Basic Term Life. Foundational protection that helps meet a portion of a family's income needs in the event of a premature death. 
  • Supplemental Life.  Allows employees to increase their protection to meet their individual needs at no cost to employers.
  • Dependent Life. Offers additional coverage for spouses, domestic partners and eligible children creating even more value for your benefit program with no additional cost to employers.
  • Voluntary Retiree Life. Designed specifically for new retirees, providing coverage to meet their changing needs and driving employee loyalty at no cost to employers.

Whole Life Insurance from Texas Life Insurance Company

Help employees ensure their loved ones are protected from the cost of final expenses.

A perfect complement to your employees' group term coverage. Whole life insurance, underwritten by Texas Life Insurance Company, provides an additional level of permanent coverage to assist with final expenses, such as funeral costs. And offers features employees may need, including:

  • Coverage can be paid up at age 651
  • Optional features protect employees in the event of early death, chronic illness or disability2,3,4
  • Portable coverage enables employees to take the coverage with them.5

Universal Life Insurance

Portable, permanent life insurance protection that builds cash value and helps employees prepare for whatever life brings.6
  • Group Variable Universal Life (GVUL). Combines life insurance protection with tax-advantaged investment options enabling employees to grow their savings.
  • Group Universal Life (GUL). Offers life insurance protection along with a tax-advantaged saving option that allows your employees to save for their future

These coverages:

  • Supplement a 401(k) or other qualified savings plans
  • Provide access to cash value before age 59½, without penalty or surrender charges7
  • Offer an option to include Accidental Death & Dismemberment coverage

Accidental Death and Dismemberment

Complementary to your basic term life coverage, AD&D provides enhanced coverage for unexpected events.

This low-cost coverage pays for a covered accident that results in a loss of life, speech, hearing or sight, paralysis and other losses offering employees more ways to protect themselves and their loved ones.

  • Basic Accidental Death & Dismemberment (AD&D). Employer-paid coverage that provides an accidental death benefit equal to an employee's basic term life insurance amount.
  • Supplemental AD&D. Employee-paid coverage that complements the value of Supplemental Term Life with added coverage, a percentage of the death benefit amount is payable in the event of non-fatal covered losses
  • Dependent AD&D. Employee-paid coverage that provides spouses and dependents with a benefit equal to the Dependent Term Life benefit amount.
  • Voluntary AD&D. Employee-paid benefit that is offered as a stand-alone coverage to employees, spouses and dependent children — available regardless of enrolling in life insurance
  • Business Travel Accident (BTA). Employer-paid coverage that includes an additional benefit for covered accidents resulting in death or serious injury for employees who are traveling on company business, both domestically and internationally
Information for Employees

If you're an employee, get the information you need to make important life insurance decisions.

1 Employees pay a level premium until the age of 65 or for 20 years if the policy is purchased at age 46 or later, after which the policy becomes fully paid with no premiums due.

2 Accelerated Death Benefit for Chronic Illness Rider pays 92% of death benefit (less a $150 administration fee, $100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer’s, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or dressing. Conditions and restrictions may apply. Any outstanding loans will reduce the cash value and death benefit. This rider is not available in California and New York. (Policy form series ULABR-CI-14 or ICC14-ULABR-CI-14)

3 Waiver of Premium Benefit Rider waives the premium after 6 months of the insured’s total disability and waiver benefits continue until the earlier of the end of the disability or at age 65. Applies to insureds between issue ages of 17 and 59. Waiver of Premium is not available in California and New York. Policy form series ULCL-WP-07 or ICC07-ULCL-WP-07 and Policy form series ULCL-ABB-07 or ICC07-ULCL-ABB-07

4 Accidental Death Benefit Rider doubles the insurance proceeds payable when death occurs prior to age 65 as a result of accidental bodily injury. Applies to insureds between issue ages of 17 and 59.

5 Coverage can never be cancelled, as long as the insured pays the level premiums when due.

To the maturity age specified in the certificate. In some program designs, if the employer replaces MetLife GUL or GVUL 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.

Withdrawals reduce the death benefit and cash value and thereby diminish the ability of the cash value to serve as a source of funding for cost of insurance charges, which increase as you age. In general, if the funding of a 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 certificate holders if a contribution would cause their certificate to become an MEC.  Withdrawals are subject to an administrative fee of 2% of the amount withdrawn, not to exceed $25.

Like most insurance policies and benefit programs, insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them in force. Please contact MetLife for complete details.

All Group Life features and AD&D enhancements are not available for all solutions. Please refer to the product specific Cost and Benefit Summary for additional costs, if any, and the availability of features and enhancements, or contact your MetLife representative for more information.

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). MLIC and MLIDC are MetLife companies.

Group Universal Life (GUL) is issued by Metropolitan Life Insurance Company, New York, NY 10166.

Optional Term Life, Dependent Life and AD&D coverage are provided under a group insurance policy (Policy Form GPNP99) issued to your employer by MetLife.

Group Variable Universal Life (GVUL) is sold by prospectus only. Prospectuses for GVUL and its underlying portfolios can be obtained by calling (800) 756-0124.  You should carefully read and consider the information in the prospectuses regarding the contract’s features, risks, charges and expenses (including a 2.25% premium expense charge), as well as, the investment objectives, risks, policies and other information regarding the underlying portfolios prior to making any purchase or investment decisions. 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.

Group Variable Universal Life insurance has limitations. There is no guarantee that any of the variable options in this product will meet their stated goals or objectives.  The amounts allocated to the variable investment options of your account balance are subject to market fluctuations so that, when withdrawn or surrendered it may be worth more or less than its original value.

Any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation. MetLife, its agents and representatives may not give legal, tax or accounting advice and this presentation should not be construed as such. Employees should confer with their qualified legal, tax and accounting advisors as appropriate.