MetLife is enhancing its small-business group life benefits portfolio by adding will preparation and estate resolution services as standard features to its supplemental term life and core/buy-up term life insurance coverages. Will preparation and MetLife Estate Resolution Services are now available to employers with as few as ten employees in their group life insurance program as well as additional assistance for beneficiaries. These new features are available immediately for new customers and current customers upon renewal.
"MetLife is pleased to add these important features to all of our group life plans," says Stephen Pontecorvo, vice president, group life products, MetLife. "The availability of both face-to-face and phone consultations on these personal matters is yet another way to enhance the value of employers' supplemental life insurance offerings for their workers.
"The features can help increase employees' appreciation of their benefits by providing peace of mind now, along with thoughtful and personal assistance for their beneficiaries later – strengthening the continuum of services MetLife makes available to them."
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Offered through Hyatt Legal Plans, will preparation grants employees and their spouses or domestic partners access to:
- An attorney of their choice for will preparation and updates. When using a participating Hyatt Legal Plans attorney, the attorney fees are fully covered, and attorney fees for a nonparticipating lawyer are reimbursable up to a scheduled amount.
- Telephone and face-to-face consultations.
- Codicils and testamentary trust preparation.
Also offered through Hyatt Legal Plans, MetLife Estate Resolution Services allows executors and an employee's estate administrators access to these services:
- Legal representation from the attorney of their choice. When using a participating Hyatt Legal Plans attorney, the attorney fees are fully covered, and attorney fees for a nonparticipating lawyer are reimbursable up to a scheduled amount.
- Telephone and face-to-face office consultations.
- Preparation of documents and representation at court proceedings needed to transfer the probate assets from the insured's estate to his or her heirs.
- The completion of correspondence necessary to transfer nonprobate assets, such as proceeds from insurance policies, joint bank accounts, stock accounts or a house.
- Associated tax filings.
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