MetLife launches new disability income term premium conversion Rider

NEW YORK – according to MetLife study of Produced and economic impact of disability, three out of five people who were out for at least six months of work because of disability do not have a disability income protection. To make it easier for people to obtain the income levels of protection they need, MetLife today announced the launch of a new Rider disability income term premium conversion (TPC). Add the rider TPC OMNI series of disability income insurance products of MetLife offers increased flexibility to meet the ongoing budget estimates. The rider TPC, which is not yet available in all States, offers consumers the option to purchase disability insurance with leading affordable term premium, which allows you to specify an amount of premiums and coverage that is right for their budget and needs.

“If you and your family depends on your income, you need disability income insurance — this insurance protects your family if you are unable to work due to illness or injury,” States Clea Barth, Vice President, individual disability for MetLife. “MetLife new TPC Rider provides great flexibility, allowing people to designate all or part of the premium benefits disability as a condition for a premium, which is originally less than level premiums. This allows you to protect your family in a way that satisfies the constraints of your budget. “

If someone selects the rider TPC, he or she will have the option to pay for all or part of the policy term premiums. A premium condition is a premium amount that increases only after a certain period has elapsed. Available term premium periods include a period of one year renewable premium, except the choice of 5, 10, 15 or 20 year periods that are unique to this rider. After the end of the period of premium original term, premiums will increase annually.

“The rider TPC allows young families and professionals just starting their careers in order to obtain the maximum amount of disability income protection available without sacrificing the option periods of benefit and eradication. Is having more options available to customise their policies in order to respond better to their needs, “notes Barth.

Rather than have the possibility to limit their coverage in order to maintain affordable, with TPC Rider premiums, consumers may be able to purchase the coverage they need without any reduction in the monthly benefits, reducing benefit periods, lengthening elimination periods or above optional benefits reduction of payment. People who have chosen the rider is able to convert all or part of the benefit paid by premium level premium term basis, in respect of any policy anniversary that occurs before the age of 56. The conversion can occur before or after the end of the conversion premium term and does not require any additional evidence of asfalisimotita and can be completed in a policy, any additional policies required.

As part of the company’s efforts to educate consumers about individual disability income insurance and the protection offered by MetLife online disability insurance Calculator helps consumers determine how much disability coverage they need. The Calculator is accessible free of charge, along with other information about the disability income in www.metlife.com/disabilityincome.