You enroll in coverage
Start saving money in your cash fund
Death benefit is paid upon your passing
Family uses money to help pay bills and adjust
Who is the provider?
MetLife
With over 150 years of experience, MetLife is a leading innovator and a recognized leader in protection planning and retirement & savings solutions.
Who needs life insurance?
Everyone needs life insurance.
Contrary to popular belief, life insurance isn't just for parents. You need life insurance if anyone is financially dependent on you.
You've recently graduated from college.
You may have significant student loan obligations. If something were to happen to you, your loved ones would most likely be forced to shoulder that debt.
You're the parent of young children.
You want to make sure they'll be able to keep the same lifestyle and attend college—even if you're not there to see it happen.
Your grown children are on their own.
Your adult children may rely on you for support and help around the house. If you weren't there for them, your children would need extra money to pay someone to take care of things you've been managing for them.
Your spouse may be depending on your income for retirement.
But you're not sure your retirement savings is enough to keep up with a rising cost of living if your paycheck stopped. Life insurance can be a smart way to fill the gap.
Like many families, you rely on two incomes to make ends meet.
You'll need life insurance on both you and your spouse. Even if your spouse stays at home, you should consider life insurance on your spouse to cover the cost of hiring someone to take care of the things your spouse generally handles.
You want to be sure your children can protect their futures, too.
Most children's life insurance coverage contains an innovative feature that allows them to convert their term life protection to a permanent life insurance plan at a higher premium when they become adults. This ensures that your children can protect their own families—no matter what health problems they may develop.
Who in my family is eligible for this program?
You can enroll if:
You can also enroll these family members:
You or your spouse/domestic partner must participate in the program to elect child coverage.
How much does this coverage cost?
Do I have to answer health questions or take a medical exam?
What if my employment status changes?
Are there other benefits included with this plan?
Automatic coverage increase.
Accelerated benefit rider.
Children's portability privilege.
MetLife AdvantagesSM.
Are there other tax advantages to this plan?
Yes. The money that grows in your plan’s cash fund is “tax-deferred,” which means it’s not subject to tax while it’s growing, only at the time you take any money out.3 Additionally, your family doesn’t pay federal income tax on any life insurance benefit check they receive.
Always check with your financial advisor about anything related to tax status.
Can I get this life insurance in addition to other policies I have? Will it pay in addition to those?
When would my coverage start?
If you are applying during one of the qualifying enrollment periods and Evidence of Insurability is not required:
If you are applying outside of the qualifying enrollment periods and Evidence of Insurability is required:
Legal Disclaimers
1To the maturity age specified in your Certificate.
2You and your dependents must meet eligibility requirements and must provide favorable answers to questions to qualify. Any coverage requiring evidence of insurability will take effect on the date MetLife agrees in writing to cover you or your dependents.
3In general, participants may withdraw cash value equal to premiums paid without tax consequences although less favorable rules may apply in the first 15 years. However, if the funding of the 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 you if a contribution would cause your certificate to become a MEC. Withdrawals and loans reduce the death benefit and cash value, thereby diminishing the ability of the cash value to serve as a source of funding for cost of insurance charges, which increase as you age.
4Earnings within your GUL coverage grow income tax free while the policy stays in force. Please consider your time horizon, tax rates, and the effect of fees and expenses, including any premium expense charge, when evaluating the benefit of GUL tax deferral. See your Certificate for complete information.
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