Protecting You and Your Family: Life and Disability Coverage
The Laboratory offers a comprehensive suite of life and disability insurance plans through MetLife to help employees protect themselves and their families. These plans provide financial security in the event of unforeseen circumstances.
Life Insurance
Life insurance, underwritten by MetLife, provides a financial benefit to designated beneficiaries upon the covered individual’s death.
Basic Life Insurance
Basic Life insurance provides coverage equivalent to one times your annual earnings, rounded up to the nearest $1,000 if not already a multiple of $1,000, with a minimum of $5,000 and a maximum of $50,000. This basic coverage is provided at no cost to eligible employees.
Employees are automatically enrolled in this coverage. The premiums for Basic Life insurance are fully covered by the Laboratory.
Supplemental Life Insurance
Employees can supplement their Basic Life coverage with Supplemental Life insurance. This plan offers flexibility to select the amount of coverage that best suits individual and family needs.
Coverage options range from one to eight times your annual earnings. The cost of Supplemental Life insurance depends on your age, salary, and the chosen coverage amount.
New hires can enroll in Supplemental Life up to three times their annual earnings without providing evidence of insurability. Coverage elections made after the initial enrollment period may require evidence of insurability, subject to the carrier’s approval.
Dependent Life Insurance
Dependent Life insurance provides a financial benefit if you experience the loss of a spouse, domestic partner, or child. The cost of this coverage depends on the dependents covered and the selected plan.
Accidental Death and Dismemberment (AD&D) Insurance
Accidental Death and Dismemberment (AD&D) insurance protects employees and their families from the financial hardship resulting from an accident that causes death, dismemberment, paralysis, or loss of sight, speech, or hearing.
AD&D coverage through MetLife offers benefits ranging from $50,000 to $500,000, with affordable semimonthly premiums.
Disability Coverage
Both short-term and long-term disability coverages are available through MetLife. These plans provide income protection if an employee is unable to work due to illness or injury. The Laboratory fully funds the premiums for these plans.
Short-Term Disability
This coverage provides 100% of your base salary for the initial seven weeks of disability. Subsequently, benefits reduce to 60% of your base salary for the remainder of the benefit period. Eligible employees are automatically enrolled, and the Laboratory pays the premiums.
Long-Term Disability
Long-term disability coverage offers a maximum benefit of $15,000 per month for disabilities lasting longer than 26 weeks. Enrollment is automatic for eligible employees.
Business Travel Accident Insurance
Employees whose job duties include business travel are automatically covered for $100,000 in travel accident insurance under a separate policy. The Laboratory covers the premiums for this insurance.
Contact Information
- MetLife Website: MetOnline
- MetLife Member Services: 800-638-6420
- MetLife Disability Claim Service: 833-622-0139
- Triad Customer Number: 228241
- Benefits Office: (505) 664-6947, option 3, [email protected]
