MetLife Introduces New Individual Disability Insurance Product with Greater Flexibility to Meet Needs
Today MetLife announced the launch of MetLife Income GuardSM
Disability Insurance, which is specifically designed to provide
consumers with the ability to customize their coverage to meet specific
needs. This more personalized level of protection includes features
designed to meet the unique demands of a variety of specialized
occupations, including most medical and dental professionals,
pharmacists, attorneys, accountants and white collar executives.
“MetLife Income Guard provides agents with the ability to offer clients
a customized approach when planning for individual disability insurance
needs. To complement the base product, there are a number of riders
available to meet specialized needs,” says Kieran Mullins, vice
president of Retail Life and Disability products for MetLife.
“Disability insurance is something everyone should consider, and yet, a
group disability insurance plan through the workplace may have numerous
restrictions and only cover 40 to 60 percent of a person’s wages. For
many people, disability insurance through the workplace may not be
enough, particularly if you work in certain specialized occupations.”
“Disability insurance can be used to help pay bills such as a mortgage,
tuition, car payments, and help cover expenses for food, clothing, and
utilities. It also helps individuals avoid tapping into savings and
jeopardizing the financial goals that they’ve established,” adds
Mullins. “MetLife Income Guard can play a critical role in ensuring
income is protected.”
In addition to some of the industry’s highest coverage limits and
competitive pricing, one advantage of MetLife Income Guard is that it
offers enhanced protection for individuals who have spent many years
learning and practicing a chosen medical or dental specialty. MetLife
Income Guard offers Physicians and Dentists “Specialty your Occupation”
coverage that addresses the consequences of not being able to perform
the material and substantial duties of a chosen specialty at the time of
claim (even if the professional is still able to work in a different
occupation.) As an example, if a physician employed as a neurosurgeon
were to become disabled and unable to perform the duties of his or her
occupation at the time of claim, MetLife Income Guard could still
provide that individual with the disability benefit, even if he or she
eventually were able to start a successful new career.
For additional information about MetLife Income Guard individual
disability insurance, visit www.metlife.com.
About MetLife
MetLife is a subsidiary of MetLife, Inc. (NYSE: MET), a leading global
provider of insurance, annuities and employee benefit programs, serving
90 million customers in over 60 countries. Through its subsidiaries and
affiliates, MetLife holds leading market positions in the United States,
Japan, Latin America, Asia Pacific, Europe and the Middle East. For more
information, please visit www.metlife.com.
Metropolitan Life Insurance Company, New York, NY 10166.
Like most insurance policies, MetLife insurance policies contain,
exclusions, limitations, reductions of benefits and terms for keeping
them in force.
These policies provide disability income insurance only. They do NOT
provide basic hospital, basic medical or major medical insurance as
defined by the New York State Insurance Department. The expected benefit
ratio for these policies is at least 50 percent, depending on the
policy. This ratio is the portion of future premiums, which MetLife
expects to return as benefits, when averaged over all people with the
applicable policy.
