Term Life Insurance
Term Life insurance pays your beneficiary in the event of your death.
Supplemental Term Life coverage is available for any regular full time Stifel associates whose benefit compensation is less than $100,000 per year and is over age 70.
Dependent Spouse and Child life and Accidental Death & Dismemberment coverages are available for any regular full time Stifel associates regardless of the benefit compensation amount.
We've all experienced 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 necessary 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/education costs, and other short- and long-term expenses
80% of people think life insurance is more expensive than it actually is.1
Supplemental Term Life insurance is available for any regular full time Stifel associates who earns less than $100,000 per year and/or is over age 70. Dependent Life and Voluntary AD&D coverage is available for any regular full time Stifel associates.
Plan Details
Life has changed, but the need to protect and provide for loved ones has not.
Filing a Life Insurance Claim
To file a claim for group Term Life insurance, Accidental Death & Dismemberment, or Accelerated Benefits, Contact Stifel at hroperations@stifel.com or 314-342-0101.
Items needed to Successfully Submit a Claim
- Claimant Statement, provided by Stifel or MetLife once the claim is filed
- Death Certificate
- Proof of Domestic Partnership
- For AD&D Claims, a Toxicology Report and/or Police Statements may be required
A portion of the insurance proceeds may be assigned directly to a funeral home to cover final expenses. The beneficiary(ies) who agree to have a portion of their life insurance benefits paid directly to the funeral home must sign a Funeral Home Assignment. This is provided by the funeral home. Each Beneficiary must sign the Funeral Home Assignment and indicate the amount of their life insurance proceeds that should be payable directly to the home. The funeral home will submit this to MetLife. Upon approval, a portion of the insurance proceeds will be paid directly to the funeral home while the remaining portion will be paid to the beneficiary.
- You can receive up to 80 percent of your Basic and Supplemental Term Life insurance proceeds, up to a maximum of $500,000, in the event that you become terminally ill and are diagnosed with less than 12 months to live. The Accelerated Benefit Option is also available for your covered spouse/domestic partner who is diagnosed as terminally ill with less than 12 months to live. The maximum accelerated benefit allowable for your spouse/domestic partner is $120,000. This can go a long way toward helping your family meet medical and other related expenses at this difficult time. Click here for additional information.
- Contact Stifel at hroperations@stifel.com or 314-342-0101 for additional information and to file a claim.
- You may also contact MetLife at 800-638-6420, prompt 2, Monday – Friday, 8 a.m. to 6 p.m. ET for additional information once the claim is filed.
- To ensure your life insurance benefits are paid to those who need it most, review your Beneficiary Designations annually. To verify your beneficiaries or make changes, contact Stifel at hroperations@stifel.com or 314-342-0101.
- Dependent spouse and child life benefits are always payable to the Associate.
- Beneficiary Assistance - Supporting you and your loved ones through one of life's most challenging moments. To learn more, please visit Beneficiary Assistance | MetLife.
Term 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 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
With portability, you can take your life insurance benefits with you without a gap in coverage. You can continue your Group Life insurance coverage with MetLife should you leave your employer for any reason. Competitive rates apply but will likely be higher than your current rates. MetLife will bill you directly2
How much Life insurance should you have?
Protect what matters most
Take control of your life insurance coverage so you’ll have the right protection in place for you and your family at all times.
1 LIMRA - http://www.limra.com/uploadedFiles/limra.com/LIMRA_Root/Posts/PR/LIAM/PDF/Infographic_TrueCost.pdf
2 To the maturity age specified in the certificate.
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.