And MetLife last year began offering estate resolution services as a standard feature to its supplemental term life, group universal life and group variable universal life, available through employers in a number of states.
Other provisions of the 3-year contract include a $3 increase in the $22 a day payment for work outside the employee's normal base; a 35-cent-an-hour night shift differential, replacing 25- and 30-cent rates; new group universal life insurance, with a cash accumulation provision; and employee eligibility for the company's savings and investment plan, beginning in 1990.
life insurer and a leading provider of employee benefits, today announced that it has enhanced its group life benefits portfolio by adding estate resolution services as a standard feature to its supplemental Term Life, Group Universal Life (GUL) and Group Variable Universal Life (GVUL) insurance coverages in those states that have approved the feature.
Across companies of all sizes, the most popular executive benefits are individual disability insurance and optional/supplemental life insurance, followed closely by long-term care and group universal life insurance.
MetLife: Growth Through Leverage Paragon Life was created in 1987 to develop a group universal life program, which was distributed through General American's independent agency system.
The company introduced web enrollment for group life insurance in 1999 and now offers online enrollment, beneficiary changes, investment management (for variable group universal life policies) underwriting exam scheduling and "real time" evidence of insurability processing.
When employers who provide their work force with group universal life or variable group universal life insurance also provide easy-to-use, flexible financial tools, employee satisfaction goes way up.
