A unit of MetLife Inc. is trying to educate U.S. workers about the cost of deciding to take Social Security retirement benefits as early as possible.
Workers who begin collecting benefits at age 67 may get monthly benefits that are about 50% higher than they benefits they would get if they started collecting benefits at age 62, according to retirement advisors at MetLife, New York.
The company has posted a MetLife Social Security Decision tool at
The tool can help users ages 40 to 62 determine what their monthly benefits might be if they begin collecting Social Security at age 62 and what they might get if they wait until age 67.
In other Web news:
- New York Life Insurance Company, New York, has updated its corporate site, at Document Link
Changes include the addition of a system that can site content out loud, a tool for sharing information from the site through social networking sites, and a “post comments” system that visitors can use to comment on the articles on the site.
- John Hancock, Boston, a unit of Manulife Financial Corp., Toronto, has updated the John Hancock Freedom 529 plan Web site.
The site, aimed at financial consultants interested in Hancock’s 529 college savings plans, now offers more flexible performance pages. Consultants can view performance by share class or investment strategy on a daily, quarterly or monthly basis, Hancock says.
Hancock also has revamped the literature ordering system and added systems for tracking and editing literature orders.
- UnitedHealthcare, a unit of UnitedHealth Group Inc., Minnetonka, Minn., has developed the Web-based “Healthy Pregnancy Owner’s Manual” together with benefits managers at Cisco Systems Inc., San Jose, Calif.
The manual is available on the Web at Document Link
Features include journals, appointment trackers and baby size charts.
UnitedHealthcare health plan customers can talk to maternity nurses and get more educational materials.
- Assurant Health, Milwaukee, a unit of Assurant Inc., New York, has posted a Health Savings Account Comparison Calculator on its HSA education site, at Document Link
Visitors who have health premium information from their W-2 tax forms and medical expense information can use the tool to estimate how using an HSA might affect their finances, according to Assurant Health.