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Life Insurance – MetLife

The Life Insurance Plans offer financial protection to your family in the event of your death, as follows:

Note: Under government rules, the value of any life insurance over $50,000 is considered taxable income. The
“taxable” amount is added to your W-2 earnings and you pay ordinary income taxes on this amount.

Type of Coverage Plan Benefit
If annual earnings are less than
Term Life Insurance (MetLife) $100,000, then the benefit provided is
Paid by Major League Baseball 3x your base annual earnings up to a
maximum of $300,000.
If your annual earnings are more than
$100,000, then there is no term life
insurance benefit. Instead, you are
Guaranteed Variable Universal Life Insurance (MetLife) eligible for the GVUL program.

The overall GVUL maximum is
$1,000,000.
Basic 3x your base annual earnings up to a
Paid by Major League Baseball maximum of $1,000,000.
Employee: 1, 2, 3, 4 or 5x your annual
salary.
Supplemental
Paid by the Employee Spouse/Domestic Partner: $10,000
increments to a maximum of $150,000
Children: $10,000 flat benefit
GVUL Note: Your GVUL policy helps you build cash value by providing you the option to contribute after-tax
dollars, in addition to the life insurance premium, into your policy. You have the choice to allocate these
additional investment dollars into a selection of professionally managed investment portfolios as well as an
interest-bearing account, which has a minimum guaranteed rate of return. All potential earnings on your
investment grow tax-deferred, so you get to keep more of what you’ve earned.
Click here for a detailed summary of your Life Insurance Policy

Accidental Death & Dismemberment

Insurance – MetLife

This plan pays a benefit in the event of your accidental death, on or off the job, as shown below. Dismemberment
benefits are paid as a percentage of your maximum AD&D benefit, depending on the severity of the injury. You are
automatically enrolled for basic AD&D coverage. If you wish, you may purchase additional coverage for yourself and your
family members. You pay the cost through regular payroll deductions throughout the year on a post-tax basis.

AD&D Benefits
Type of Coverage Plan Benefit
Basic AD&D Insurance 3x your base annual earnings up to a maximum of
Paid by Major League Baseball $1,000,000
Up to $500,000 in $10,000 increments. Coverage
Voluntary AD&D Insurance for dependent family members is available at a
Paid by the Employee percentage of your benefit.
Note: You must complete a Beneficiary Designation Form for your life and AD&D benefits. Please be sure
to keep this important designation up-to-date.

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