1 DISABILITY INSURANCE MetLife Income Guard SM Flexible Income Protection that Works for You.
2 Most people prepare for important goals or events, like finding a new home, purchasing a car, taking a vacation or even planning a birthday party. However, many don t prepare for the events they don t expect, even if those events could have a major impact on their lives. For example, what if their income suddenly stopped because of an unexpected illness or injury that prevented them from working? Think of what your income helps you accomplish: covering everyday expenses, funding your family s lifestyle and building your financial future. Now consider what would happen if you lost that income. Could you pay for necessities like your mortgage or rent, car, food and clothing? Which parts of your normal lifestyle would become luxuries: family vacations, eating out, cell phones, cable TV? Would you have to give up future savings goals, such as retirement or your children s education? How would you pay for extra expenses that might be needed to help you recover from your disability?
3 Protect Your Income with Disability Insurance Whether you have five or 45 working years ahead, protecting your income now can mean the world to you and the people who rely on you. If you suffer an illness or injury that keeps you out of work, disability insurance protects your income by replacing part of it with a monthly benefit. That benefit can help maintain the way of life you ve worked so hard to build. Build Your Own Income Guard MetLife Income Guard disability insurance is a policy that you design to meet your specific needs. You ll receive a monthly disability benefit if illness or injury prevents you from working in your regular occupation, you are not gainfully employed and you are under the appropriate care of a physician. 1 At its base, your policy will provide: Premiums guaranteed not to increase until age 67 or the 5th policy anniversary, whichever is later 2 Guaranteed coverage as long as premiums are paid on time 3 Coverage for mental and/or substance use disorders 4 Make MetLife Income Guard your own by building upon that base and personalize your policy by adding options, or riders, 5 that fit where you are today and where you want to be in the future for an additional cost. Some riders may help you while you re healthy and working, some if you become disabled and others if you re able to return to work. Do you have long-term disability (LTD) coverage through your employer? If so, you ve taken an important first step toward protecting your income. However, group disability coverage through work may have limitations, which could make your benefit less than you expect at a time you need it most: Bonus and incentive compensation may not be covered. Benefits are subject to income tax if your employer pays the premium. If you pay the premium, benefits are generally tax-free. You could lose coverage if you change jobs.
4 Options to Consider if Your Concern is Protection While You Are Healthy and Working If you want Choose to By selecting this option Your benefits to adapt to your personal situation To get back some of the premiums if you don t use your benefit A full-featured policy but budget is a concern Increase your benefit amount without going through medical underwriting again Be rewarded for your good health Purchase all or some of your benefits with potentially lower premiums Automatic Increase Benefit Guaranteed Insurability Life Event Refund of Premium Term Premium Conversion Meet Brian, a young professional on track to become an executive. He wants to protect his full income today and have his coverage grow along with his income. He also understands that additional coverage would be harder to qualify for and may be more expensive in the future if his health declines. Brian s choice: the Guaranteed Insurability Rider lets him increase his coverage when he makes more money without proof of health. As his income rises so can his disability benefit
5 Options to Consider if Your Concern is Protection Should You Become Disabled If you re concerned Choose to By selecting this option Your disability will be severe Have a special benefit paid based on your disability s severity Capital Sum Benefit 6 Catastrophic Disability Spousal Catastrophic Disability Your disability will last for your entire life Receive a lifetime benefit Lifetime Benefit for Total Disability 7 You might need COBRA for health insurance if you lose your job due to a disability Your benefits won t keep up with inflation Have your COBRA premiums reimbursed Automatically increase your benefits every year COBRA Reimbursement Cost of Living Adjustment: 0-10% CPI-U 8, 3% Simple or 3% Compound Meet Keren, a young architect who wants to $4K make sure her benefits will keep up with inflation $3.5K if she suffers a disability that lasts for years. $3K $2.5K Keren s choice: Because she wants the largest, $2K most consistent, and predictable option, she $1.5K chose the 3% Compound COLA rider, which $1K can significantly increase her benefit amount $0.5K over the years. $
6 Options to Consider if Your Concern is Protection if You Can Return to Work If you re concerned Choose to By selecting this option You can still work while disabled but not at your full capacity Receive at least some of your benefits Partial Disability Basic Residual Residual with Recovery Enhanced Residual with Recovery You can t return to your old career but are capable of starting a new job Receive up to your full benefit regardless of how much you make Transitional Your Occupation9 Your Occupation Specialty Your Occupation (for medical and dental specialists) Meet David, a neurosurgeon in a successful practice. As a medical specialist, David wants to ensure that he would receive benefits if a disability prevents him from practicing his specialty even if he is able to start a successful new career. David s choice: The Specialty Your Occupation definition of Regular Occupation10 may allow him to receive his full benefits even if he s working in another occupation, regardless of how much his new job pays. $18,350 total $22K $20K $18K $16K $10,000 wages $14K $12K $10K $15,000 working income $8K $4K $4K $8,350 disability benefit $8,350 disability benefit Disabled New occupation (No longer a neurosurgeon) $2K $0 Healthy and working as neurosurgeon
7 Working for you At MetLife we re working hard when you can t to provide you with support when you need it most. We have the experience, commitment and resources to help safeguard the things that matter most to you. Discover the protection of disability insurance backed by the strength of MetLife. Trust the Strength of MetLife The promise of a financial safety net is only as strong as the company behind it. Since 1868, MetLife has been one of the largest and most respected financial institutions in the U.S. In addition, MetLife is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 60 countries. MetLife s financial strength ratings are among the highest in the industry.* Don t leave everything you ve worked so hard for to chance. Guard your income so you can continue to provide for those who rely on you. Talk with your financial professional today about whether MetLife Income Guard is the right disability plan for you. * For current ratings information and a more complete analysis of the financial strength of Metropolitan Life Insurance Company, please go to and click on About MetLife, Ratings.
8 1 Benefits begin to accrue after the end of the elimination period. The period of time during a disability for which you are protected in your regular occupation varies by occupational class. After this period is completed, benefits will be paid if injury or sickness prevents you from performing any occupation for which you are or become reasonably fitted by your education, training or experience; you are not gainfully employed; and you are under the appropriate care of a physician. 2 If you increase your benefit amount, there will be an additional premium associated with the increase. 3 Coverage is conditionally renewable after age 67 or 5th policy anniversary. 4 Benefits for Mental/Substance use disorders are limited with occupational classes 4M & 5D with specialty language in the base contract. 5 All riders are not available in all states or to all issue ages or occupational classes. Please ask your representative for complete details. Eligibility is subject to underwriting approval. 6 Included with every eligible policy at no additional cost. 7 Depending on your age at the time of disability, your benefits may be reduced. Ask your representative for complete details. 8 With the 0-10% rider, your benefit increase amount depends on the Consumer Price Index (CPI-U). However, if the CPI-U decreases or stays the same, your benefit will stay the same. 9 The Transitional Your Occupation benefit may be reduced based on income and/or inforce coverage at the time of claim. 10 Specialty your occupation is encompassed in the definition of regular occupation, which in turn, is part of the definition of total disability. Like most disability income insurance policies, MetLife s policies contain certain exclusions, waiting periods, reductions, limitations and terms for keeping them in force. Ask your representative about costs and complete details. All policies and riders may not be available in all states, at all issue ages and to all occupational classes. Ask your representative for complete details. Eligibility is subject to underwriting approval. For policies issued in New York: These policies provide disability income insurance only. They do NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services. The expected benefit ratio for these policies is at least 50%. This ratio is the portion of future premiums that MetLife expects to return as benefits when averaged over all people with the applicable policy. The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of insurance or other financial products and services. Clients should seek advice based on their particular circumstances from an independent tax advisor since any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation. MetLife, its agents, and representatives may not give legal, tax or accounting advice and this document should not be construed as such. Clients should confer with their qualified legal, tax and accounting advisors as appropriate. Disability income insurance is issued by Metropolitan Life Insurance Company on IDIP12-01-IDIP12-05, IDIP April 2014 Not FDIC-Insured Not Insured By Any Federal Government Agency Not Guaranteed by Any Bank or Credit Union Metropolitan Life Insurance Company 200 Park Avenue New York, NY metlife.com CLDI23912 L [All States][DC,PR] 2014 METLIFE, INC. PEANUTS 2014 Peanuts Worldwide
NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY Nationwide YourLife CareMatters SM Client guide Choice, control, flexibility it s all in your hands Taking time to plan now can put you in control later Most
PLAIN TALK about LIFE INSURANCE Having the right life insurance protection can have an enormous effect on your life and the lives of those you love. A proper financial security plan can mean the difference
plain talk about life insurance The right life insurance can have an enormous effect on your life and the lives of those you love. It can mean the difference between leaving your loved ones well positioned
Prepared by the National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory officials. This association helps the
Physician's Guide to Disability Insurance 1 2015 OnCall Advisors, LLC Preface Disability insurance is one of the most misunderstood financial products by physicians of all ages, nationalities, and specialties.
Understanding Annuities Annuities issued by Pruco Life Insurance Company (in New York, issued by Pruco Life Insurance Company of New Jersey) and The Prudential Insurance Company of America. 0160994-00006-00
Physician Disability Insurance Guide This guide will educate you about definitions of disability, policy provisions, types of policies, how insurance companies determine the amount of disability coverage
An Educational Guide for Individuals Unlocking the value of whole life Whole life insurance as a financial asset Insurance Strategies Contents 3 Whole life insurance: A versatile financial asset 4 Providing
Life insurance protects your financial future. It provides the resources your family or business may need to pay immediate and continuing expenses when you die. What You should Know About Buying Life Insurance
Allianz Life Insurance Company of North America Understanding fixed index annuities M-5217 Page 1 of 12 Page 2 of 12 It s time to rethink retirement. In past years, the financial markets have experienced
Life Insurance Proposal vpl-plus A Voluntary Permanent Life Proposal For the Employees of Presented By Issued By: Metropolitan Life Insurance Company New York, NY 10166 Life Insurance Administrative Office
Metropolitan Life Insurance Company FIXED INCOME ANNUITY QUESTIONS & ANSWERS Important Information about Fixed Income Annuities for FRS Investment Plan Participants This information will help you decide
THE STANDARD LIFE INSURANCE COMPANY OF NEW YORK Long Term Disability Insurance Benefits Guide For The Employees of The State University of New York Answers to your questions about coverage from The Standard
Buyer s Guide to: Fixed Deferred Annuities National Association of Insurance Commissioners 2301 McGee St Suite 800 Kansas City, MO 64108-2604 (816) 842-3600 1999, 2007 National Association of Insurance
Shedding light on Life insurance a practical guide to helping you achieve a lifetime of financial security Learn more about: Safeguarding your loved ones Protecting your future Ensuring your dreams live
MEMBERS Variable Annuity Series B-Share FLEXIBLE CHOICES, CONFIDENCE OF GUARANTEES Move confidently into the future 10002052-0514 REV 0514 Focused on helping people. It s important to know that you have
Draft: 7/15/08 Revisions to Appendix A in Model 245 Edits by K Kitt and B. Cude 9/16/09 Comments should be sent by email to Jennifer Cook at firstname.lastname@example.org by October 23, 2009. Table of Contents ANNUITY
& Guidance A Guide to Life Insurance Cover Contents How can I protect my family financially if I die? 02 What is life insurance? 03 What is a Financial Broker? 06 Why would I need to use a Financial Broker?
Sunsuper for life Insurance guide Learn more about your insurance Identify your insurance needs Preparation date: 9 June 2015 Issue date: 1 July 2015 INSURANCE IN YOUR SUPER Contents 1 Why have insurance?
Understanding annuities An Overview for Your Retirement No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency 2/15 13096-15A Contents Get Ready
Long-Term Disability Insurance Developed for the employees of Pennsylvania State System of Higher Education Protecting Your Family Securing Your Future If you re physically healthy, you can work, play,
Group Voluntary For Employees of The California State University Standard Insurance Company About This Brochure This booklet is designed to answer some common questions about the group Voluntary Long Term
Kansas Insurance Department Life Insurance and Annuity Basics effective March 1, 2015 Ken Selzer, CPA Commissioner of Insurance March 2015 Life Insurance and Annuity Basics Dear Kansas consumer, Only a
A Shopper s Guide to Long-Term Care Insurance About the NAIC The National Association of Insurance Commissioners (NAIC) is the oldest association of state government officials. Its members are the chief