1 To the maturity age specified in the certificate. In some program designs, if your plan sponsor replaces MetLife GUL with another group life insurance plan or otherwise terminates the MetLife group contract, employees’ coverage may also be terminated, even after separation from employment or retirement. Rates may increase if you leave your employer for reasons other than retirement or are no longer eligible under the group and choose to continue your coverage. If you have ported or otherwise continued your coverage after retirement or separation from employment and the plan sponsor later terminates the group policy, cost of insurance rates may increase as a result of such termination.
2 Earnings within your GUL coverage grow income tax- free while the policy stays in force. Please consider your investment time horizon, tax rates, and the effect of fees and expenses, including any premium expense, when evaluating the benefit of GUL tax deferral. See your Certificate for complete information.
Nothing in these materials is intended to be advice for any particular situation or individual. Like most insurance policies and benefit programs, insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them in force. Please contact MetLife for complete details. Any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation. MetLife, its agents and representatives may not give tax advice and this website should not be construed as such. Please seek advice based on your particular circumstances from a qualified tax advisor.
Group Universal Life (GUL) is issued by Metropolitan Life Insurance Company, New York, NY 10166.