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Financial Planning > UHNW Client Services > Family Office News

MetLife Updates Group Disability Contract

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NU Online News Service, April 2, 2003, 2:38 p.m. EST – MetLife Inc., New York, has introduced a new group disability insurance contract.

The contract will give employers more flexibility to manage disability absences and encourage employees to stay at work or return to work, MetLife says.

The contract will pay terminally ill employees 100% of pre-disability earnings for up to 12 months, and it will provide extra short-term disability benefits for employees who are collecting STD benefits because they have donated organs.

One provision will reimburse employees who move as a result of participation in a rehabilitation program and another provision will support return-to-work efforts with increased reimbursement for family care expenses.


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