MetLife, the life insurance giant that has been at the center of the financial crisis, has recently released a policy for its employees that is essentially a discount on the average MetLife rate.
In a press release, the company announced that employees who had lived at the company for at least one year would receive a 20% discount on their premiums starting July 1, 2020.
“The MetLife® Corporate Life Insurance Plan will be available starting July 11, 2020,” the company said in a statement.
“It includes a 15% discount per month on the Standard Life® Premium, up to a maximum of $1,000 per year.”
In addition to the reduced rate, the MetLife Life Insurance policy will also provide a $50,000 grant for each MetLife employee who lives at the corporation.
Employees who live in California, New York, Florida, Texas, New Jersey, Ohio, Illinois, and Virginia will receive an additional $1.50 grant.
“The $50 million grant will be used to help employees who are unemployed, have children, or live in an apartment or condominium, or have a disability or a medical condition,” the statement said.
If you’re looking for a great deal on MetLife policies, here’s the official MetLife website.
(National Geographic) (Bloomberg) What to do if you’re a Met Life employee: It looks like MetLife is offering the discounted rate on its employees as well.
The company says it is also offering a 15-year discount for employees who have lived at MetLife for at most one year, which is essentially the same as the company’s current rate.
MetLife is also announcing that the company will give employees the opportunity to renew their MetLife premium for free, so long as they live at the corporate headquarters.
If you are eligible, you will receive a $1 gift card and will receive the discounted MetLife rates when you renew your membership in July 2020.
The full terms of the offer are not disclosed on the company website, but it is free to renew your MetLife membership.
The Metlife Life insurance policy is expected to cost $1 million, which means the discount is $400 per year.
In addition to its discount, MetLife will also be providing a $2,000 gift card to employees who live at their company headquarters.
And for those who are not interested in paying the $1-million gift card, Met Life also is offering an extra $100,000 in cash for employees that have lived in the company more than one year.
The company will also extend the existing free 30-day money-back guarantee for employees by two years.
For more information, check out the company announcement.
What if you want to cancel your Met Life membership?
MetLife has offered its employees the chance to cancel their membership at any time during the last 90 days.
You can cancel at any point on your Metlife account, but the offer will expire in 90 days unless you have another form of insurance, which MetLife says will be in the works.
As of July 31, 2019, Metlife will still offer MetLife members a 50% discount for every month they have lived there for at-least one year; that means a $200 discount if you live at Metlife headquarters and $250 if you reside at Met Life’s San Francisco headquarters.
MetLife employees who do not live in San Francisco will still be able to use the Metlife Money Back Guarantee.
Met Life also recently announced that it will begin offering its employees an unlimited 10-day vacation policy that will offer a $300 discount on vacation for employees living at their companies headquarters.
What if I’m considering taking my job as a Metlife employee?
If you’re considering taking on a new gig as a customer service representative, you might want to consider using a personal finance application or two.
On the other hand, if you have a Metality employee and have a few million dollars under your belt, you should definitely consider getting a Met life policy.
While you can get a better deal on a Met lifeline policy, you can also buy a $500,000 life insurance policy for yourself.
However, if the company decides to roll out the same discount to MetLife’s full-time employees, the cost of the policy will increase to $2 million, a $3 million life insurance plan, and a $5 million life policy with no deductibles.
I’m a Metalight employee, but my manager is a Met, is this a good deal?
While a Met employee might have a higher salary than a Met employer, the same benefits that Met employees get at Met live at home, so a Metlight employee might be able receive a lower premium on a similar policy.
However, you don’t have to pay for the same service, as Metlif