Basic Term Life Insurance

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.metlifeiseasier.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

your designated beneficiary can be viewed and updated in GIS at http://boonchapman.benselect.com/neba

Your employee and dependent Life and Accidental Death and Dismemberment insurance can be cancelled by emailing the cancellation request to NEBAadmin@gisbenefits.net

*Please be aware, when Basic Term Life is cancelled all remaining MetLife insurance coverage will be cancelled. If enrolled in GVUL without Basic Term Life, your GVUL policy will be automatically moved to direct bill

When your employment ends with NEBA, MetLife will be notified and a letter with conversion options will be mailed to you. If you have questions on conversion after your retirement, you can call 1-866-574-2861 prompt 3 and then prompt 1 will bring you to the MetLife Transition Solutions center where you'll speak with a financial advisor. If you call before you have retired, the advisor will not have any information in terms of what coverage type and coverage dollar amount you have, when benefits will end, and in addition to whether or not those coverages are portable. No action can be taken in terms of converting your policy until you’ve reached retirement.