MetLife Supplemental Life Insurance - Westminster College - westminstercollege 2025

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Whats the difference between basic and supplemental employee life insurance? In short, basic group life insurance is an affordable or free policy offered through an employers benefits program, while supplemental life insurance lets you to add to that coverage by paying an additional premium.
If you no longer work full-time, your group supplemental life insurance coverage will end on the date you change to less than full-time status. When you retire, your supplemental life insurance and/or any spouse or child supplemental life insurance you had elected will end the last day of the month in which you retire.
Why does MetLife no longer sell individual life insurance or annuities through in-person agents? We have separated part of our U.S. business from MetLife to become its own company, called Brighthouse Financial, Inc. As a separate company, Brighthouse Financial focuses on retail products for consumers.
With MetLifes Supplemental Term Life insurance, your employer gives you the opportunity to buy valuable life insurance coverage for yourself, your spouse and your dependent children - all at affordable group rates.
Its a contract: At its most basic level, a term life policy is an agreement between the person who owns the policy (the owner) and an insurance company: The owner agrees to pay a premium for a specific term (usually between 10 and 30 years); in return, the insurance company promises to pay a specific death benefit to
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In addition to a basic policy, you may be able to buy supplemental life insurance through work that would increase your total death benefit for an additional premium. This additional coverage might appeal to you if your employers basic life insurance coverage wouldnt be enough for your beneficiaries in the long run.

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