MetLife Expands Bundled Benefits Offering for Small Businesses
March 23 2017 - 9:17AM
Business Wire
Rate guarantees help to save small business
owners time and money; wide array of benefits allows them to
attract and retain the best employees
MetLife (NYSE:MET) is expanding its curated small-business
benefits bundles for the 10-99 employee market. The enhanced
offering adds life and disability insurance options to the dental,
vision and voluntary legal services bundle options that were
introduced in 2016.
MetLife is making these enhancements to provide small business
owners and their brokers around the country with access to the
products they want most. MetLife Simply Smart Bundlessm were
designed based on data mined from more than 40,000 small business
owners. Tiered plan options provide additional flexibility for
employers to best match their needs and budgets in each market.
“Small business owners know better than anyone that they are
operating in a competitive environment, not just in selling their
products and services, but in attracting and retaining the best
employees,” said James Reid, executive vice president and head of
Regional and Small Business Solutions at MetLife. “These bundles
are designed to help small business owners compete in each local
market, because these are the benefits packages most desired in
each geography. And, we’re backing it up with service from a
dedicated team of small-business experts at a company with 100
years of experience in employee benefits.”
The bundles also come with exclusive value-adds. These include
multi-year rate guarantees that lock in pricing for 3 years for
life and disability coverage and 2 years for dental, vision and
MetLaw; guaranteed issue on supplemental life up to $100,000; and
easy-to-share educational videos to drive employee awareness and
participation.
MetLaw, MetLife’s employee-paid legal services product, which is
not available as a stand-alone product in the small business
market, is also available in conjunction with the bundles. MetLaw
covers some of the most frequently needed personal legal matters,
such as general legal consultations, home and real estate matters,
debt matters, and traffic defense.
“MetLaw is an exciting differentiator for businesses with 10-99
employees as part of the MetLife Simply Smart Bundles,” added Reid.
“MetLaw provides small businesses with access to one of the
fastest-growing of all voluntary benefits – further enabling them
to provide benefits packages that can compete with larger
employers. Even better, there's no minimum participation
requirement on legal services when it’s part of the bundle.”
Benefit brokers have easy access to see the bundle options
available in their local markets and to request quotes at
MetLife.com/SimplySmartBundles.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the largest life insurance
companies in the world. Founded in 1868, MetLife is a global
provider of life insurance, annuities, employee benefits and asset
management. Serving approximately 100 million customers, MetLife
has operations in nearly 50 countries and holds leading market
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information, visit
www.metlife.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170323005730/en/
MetLifeDavid Hammarstrom,
212-578-2736dhammarstrom@metlife.com
MetLife (NYSE:MET)
Historical Stock Chart
From Mar 2024 to Apr 2024
MetLife (NYSE:MET)
Historical Stock Chart
From Apr 2023 to Apr 2024