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 cost-effective life insurance coverage to protect those you care about most and the life you’re building for them today.
You can easily protect your family’s future, today
We know 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 and/education costs, and other short- and long-term expenses
80% of people think life insurance is more expensive than it actually is.1
Term Life Insurance Plan Options
Options for New Employees
- Employee Life, Spouse Life and Child Life
You have a one-time opportunity to choose some levels of employee and spouse life insurance coverage without providing medical underwriting. Please see Employee, Spouse, and Child Life section for specific limits. Please be advised: no paper Statement of Health form will be mailed for the employee and/or the spouse to complete. An online pre-registration process will need to be completed for a spouse requiring medical underwriting before the Statement of Health form will be available online.
During Annual Enrollment
- Employee Life Coverage
You may elect 1x – 10x (one to ten times) your pay to a maximum benefit of $2,000,000 - Premium Waiver
Provides continuation of Employee Life without further premium payment if you become disabled - Will Preparation Service
Allows you to consult in person or via phone with a participating MetLife Legal Plan attorney who will complete a will, living will or power of attorney for you and your legal spouse - Estate Resolution Services
Gives your beneficiaries the support of a MetLife Legal Plan attorney, in-person or via telephone, to discuss matters related to probating your estate - Employee Life Insurance with MetLife
If you want life insurance protection or you want to supplement the protection you already have, you may choose group term life coverage under the Flexible Benefits Program. The life insurance amount you choose is paid to your beneficiaries if you die while this coverage is in effect. Your beneficiaries are the persons you name to receive your life insurance benefits.
If you are an eligible active employee, you may elect to increase your current coverage amount, however you will also be subject to medical underwriting (Evidence of Insurability). If you are age 65 or older, the amount of your life coverage is reduced.
Spouse Life Insurance with MetLife
If you choose employee life insurance for yourself, you may also choose spouse life insurance coverage for your spouse. Spouse life insurance premiums are based on the coverage level and employee’s age. Premiums for spouse coverage are after-tax. However, if you are age 65 or older, the amount of your spouse life coverage is reduced.
Spouse Life coverage cannot exceed 100% of your amount of Employee Life coverage. You are the beneficiary of spouse life insurance coverage and will receive the insurance benefit in the event of your spouse’s death.
If you are a newly eligible employee, you may elect $30,000 or less of spouse life coverage without medical underwriting. If you have spouse life coverage and elect to increase the amount, your spouse will be subject to medical underwriting (Evidence of Insurability).
Child Life Insurance with MetLife
If you choose life insurance for yourself, you may also choose child life insurance coverage for your child(ren). Child life insurance premiums are after-tax. Your children are eligible for coverage if they are under age 26. Child life coverage can be elected without medical underwriting.
If you are an eligible active employee, you may elect to increase your current coverage amount, however you will also be subject to medical underwriting (Evidence of Insurability). If you are age 65 or older, the amount of your life coverage is reduced.
Important Notes about Child Life:
The child coverage begins at live birth. Coverage from live birth to 6 months is the lesser of the elected amount or $6,000. From 6 months of age to age 26, the full amount elected applies.
- Child Life coverage cannot exceed 100% of your amount of Employee Life coverage.
- You are the beneficiary of child life insurance coverage and will receive the insurance benefit in the event of the child’s death.
Accident Death & Dismemberment (AD&D) Options
The Flexible Benefits Program offers accidental death and dismemberment (AD&D) insurance to be paid to you or your beneficiary if your injury or death is the result of a covered accident. In case of the permanent and total disability benefit under AD&D, you are eligible for the benefit if your injury prevents you from working at any job for which you are qualified by education, training, or experience.
You may elect 1x – 10x (one to ten times) your pay to a maximum benefit of $2,000,000
Important Notes about Employee, Spouse, Child Life and AD&D Insurance
The life and AD&D insurance amounts you choose will be based on your Benefit Salary as of October 1. This amount is rounded up to the next higher $1,000, after you multiply your coverage and adjust for age reductions.
If your coverage selection requires medical underwriting, you will need to complete the online MetLife Evidence of Insurability Form along with any other required information. An approval by MetLife must be made before coverage can be in effect.
Be sure to designate your beneficiaries by accessing the GaBreeze web site or calling the GaBreeze Benefits Center. Also, you can change and update your beneficiaries at any time.
Please be advised
No paper Statement of Health form will be mailed for the employee and/or the spouse to complete. An online pre-registration process will need to be completed for a spouse requiring medical underwriting before the Statement of Health form will be available online.
Benefit Phone Directory
For information regarding conversion and portability of your Employee Life, Spouse Life, Child Life insurance, and AD&D insurances, contact MetLife toll-free at 1-877-255-5862.
Documents
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). 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.metlife.com/lifeneeds 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 can be an economical way for you to provide for your family with competitive2 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 competitive2 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 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. If your plan offers portability3, you can continue your Group Life insurance coverage with MetLife should you leave your employer for any reason. Competitive2 rates apply but will likely be higher than your current rates. MetLife will bill you directly.
How much life insurance should you have?
Protect What Matters Most
Life insurance can help your family cover future day-to-day needs and long-term expenses.
1 LIMRA - http://www.limra.com/uploadedFiles/limra.com/LIMRA_Root/Posts/PR/LIAM/PDF/Infographic_TrueCost.pdf
2 Cost of insurance rates are determined using methodologies that vary by company. These rates can vary and will generally increase with age. Rates for active employees may be different than those available to terminated or retired employees. It’s important to look at all factors when evaluating the overall competitiveness of rates and the value of life insurance coverage.
3 All coverage amounts are subject to applicable state laws. To take advantage of this benefit, coverage of at least $10,000 or $20,000 (depending on your plan design) must be elected.
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.
Nothing in these materials is intended to be advice for a particular situation or individual. Please consult with your own advisors for such advice. 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 MetLife for costs and complete details.
MetLife Group Term Life insurance is issued by Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166 under Policy Form GPN99/G2130-S.