MetLife Voluntary Life and AD&D
Voluntary Term Life and AD&D
You may also choose to purchase Voluntary Life Insurance and/or Voluntary AD&D Insurance in addition to the company-paid benefit. You pay the total cost of this benefit through convenient payroll deductions.
Voluntary Term Life
Associate: You can elect one to five times your annual earnings, to a maximum of $2,000,000. Newly eligible Associates can enroll in coverage up to $500,000 Guaranteed Issue, without Evidence of Insurability (EOI). Costs vary based on your age, coverage level and tobacco/nicotine use.
Spouse/Domestic Partner: You can elect coverage of $10,000 or $25,000 up to $250,000 (in $25,000 increments) for your spouse or domestic partner, not to exceed the Associate Life Insurance amount. Amounts above $25,000, and amounts not elected when your Spouse first became eligible, will require EOI. Costs vary based on your age, coverage level and tobacco/nicotine use.
Child: You can elect $5,000 or $10,000 in child life coverage.
Associate: You can elect one to five times your annual earnings, to a maximum of $2,000,000 Guaranteed Issue.
Making Changes To Your Coverage
|When Can I Make the Change?|
|With a Qualifying
|Any Time Throughout
|Enroll for Coverage||Allowed, EOI required for any amount||Allowed, up to $500,000 Guaranteed Issue*||Not Allowed||*EOI always required for amounts over $500,000|
|Increase Coverage||Allowed, EOI required for any amount||Allowed, up to additional 1x earnings Guaranteed Issue*||Not Allowed|
|Decrease Coverage||Allowed||Allowed||Not Allowed||None|
|Drop Coverage||Allowed||Allowed||Not Allowed||None|
When you enroll, HBC's Enrollment Center will determine if EOI is required for any of your life insurance elections and notify MetLife of your coverage election. MetLife will send you, by email or letter, instructions on completing any EOI requirements. When you have submitted those requirements to MetLife and MetLife has made their decision on your coverage request, you will receive a notice from MetLife of their decision. If coverage is approved by MetLife, any required payroll deductions will then begin