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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

Guaranteed Variable Universal Life Insurance Basic Benefit: 3 times base annual salary,
(MetLife) with a $450,000 minimum benefit and
Paid by Major League Baseball $1 million maximum 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

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

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.

Click here for a detailed summary of your AD&D Policy

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