Page 48 - Touching All the Bases- Power point 2023 Umpires_Neat
P. 48
Program Summary
Major League Baseball Umpires
Group Variable Universal Life (GVUL) Insurance Program Summary
1
Basic GVUL Insurance Coverage (employer-paid )
Minimum coverage: 3 times your annual salary
Coverage up to 3 times your annual salary is available on a guaranteed
issue basis
Maximum basic coverage: 3 times your annual salary up to $1,000,000
1
Supplemental GVUL Insurance Coverage (employee-paid )
Minimum coverage: 1 times your annual salary
Supplemental coverage up to 5 times your annual salary to $3,000,000 less basic
coverage is available
Combined program maximum coverage (includes all basic and/or supplemental life insurance
coverage) is $3,000,000. In some instances, MetLife may require additional medical information
to evaluate insurability. Required information will be collected at the convenience of the
applicant and paid for by MetLife.
Spouse/Domestic Partner Coverage
Minimum coverage: $10,000
Spouse coverage of $30,000 is available on a guaranteed issue basis with active
enrollment
Maximum coverage: $150,000, in $10,000 increments
Dependent Child Coverage
Coverage is available: $10,000
Dependent child(ren) coverage is available on a guaranteed issue basis
Tax-deferred Investment Opportunity
Within the MetLife GVUL insurance certificate there is a tax-deferred investment feature that
allows you to contribute additional premium, above the cost of insurance, to various investment
options. You may allocate the additional premium to variable portfolios, which are managed by
Brighthouse Funds Trust I (formerly Met Investors Series Trust); Brighthouse Funds Trust II
(formerly Metropolitan Series Fund); Deutsche Variable Series I & II; Fidelity® Variable Series
Products; Putnam Variable Trust; T. Rowe Price Equity Series, Inc. and T. Rowe Price Fixed
2
Income Series, Inc. and an interest bearing account.
To obtain the current interest crediting rate and premium expense charges, please contact
MetLife at (800)756-0124, Monday through Friday, 7:00 a.m. to 7:00 p.m. (CT).
Additional Program Information
Effective date for coverage: First of the month following date of hire.
Metropolitan Life Insurance Company | 200 Park Avenue | New York, NY 10166
L0821015645[exp0823][All States][DC,GU,MP,PR,VI]© 2021 MetLife Services and Solutions, LLC