MetLife Life Insurance
What life insurance products does MetLife offer?
At the time of writing, MetLife offers a variety of life insurance options depending on the level of personal and family cover that you require:
MetLife Protect: MetLife offers a suite of life insurance products within MetLife Protect, including:
- Life Insurance: Pays a lump sum to your beneficiaries if you die.
- Total and Permanent Disability (TPD) Insurance: Pays a lump sum in the event of your permanent inability to work.
- Trauma Cover: Provides a lump sum in the event of an insured trauma event such as cancer, heart attack or stroke.
- Income Protection Insurance: Provides compensation for lost income if you are unable to work due to illness or injury.
Insurance inside super: MetLife also gives customers the option of including a MetLife life insurance policy within a super fund from one of their superannuation partners, or linking it with an existing fund.
What features does MetLife life insurance offer?
Some of features that can be included in your MetLife Protect Life Insurance policy include:
- Death cover: This provides your beneficiaries with a lump sum payment if you die.
- Terminal illness payment: Provides payments if you are diagnosed with a terminal illness, that is likely to result in death within 24 months, from the time of diagnosis.
- Advance claim payment: Payment can be claimed by your beneficiaries quickly in some circumstances, for example to cover funeral costs.
- Indexation: Your policy cover amount automatically increases each year to keep up with inflation, unless you state otherwise.
- Multiple beneficiaries: You may nominate up to five beneficiaries to receive the payment from your insurance.
- Optional Extras: Extras, such as home loan cover to help pay off a mortgage or buy/sell cover for business owners with a buy/sell agreement in their business succession plan, can be added to you life insurance policy.
How to apply for a MetLife life insurance policy
You can apply for MetLife life insurance policy by visiting the MetLife website, downloading the relevant forms and documents, and arranging to speak with a MetLife financial adviser. You can contact MetLife online, over the phone or by requesting a call back.
Eligibility to apply for MetLife life insurance
To be eligible for a MetLife life insurance policy, you must:
- Be an Australian or New Zealand citizen or a permanent Australian resident
- Have an Australian residential address
- Be within the entry age range required for the cover that you choose