Page 12 - 2022 MLB Umpire Benefit Guide Flipbook 1

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 (MetLife) Benefit is equal to 3x your base salary
Paid by Major League Baseball up to $1,000,000

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.
AD&D Benefits
Type of Coverage Plan Benefit
Basic AD&D Insurance (MetLife) Benefit is equal to 3x your base salary up to
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.

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