Supplemental Term Life Insurance

Supplemental Term Life Insurance  

Overview

What would happen to your family if you were no longer there to provide for them? Do you have enough life insurance for them to keep their home, pay all the monthly bills, and afford college for your children and other future expenses?

With Supplemental Life Insurance you can replace the worrying about your family’s financial security. Supplemental Universal Life Insurance allows you to create a "safety net" for your family and help provide the resources for them to carry on. Features of Supplemental Life Insurance include:

  • Easy enrollment. Apply within 30 days of your eligibility date and you may not have to answer medical questions or provide evidence of insurability.
  • Cost and convenience. Since you are applying for coverage through your employer’s benefit program, you have access to affordable group rates. The rates may be lower than what you could find for an individual policy. Along with affordable rates, you have the convenience of payroll deduction. Monthly payments are automatically taken from your paycheck on a post-tax basis.
  • Guaranteed benefit opportunities available. You can enroll in coverage from 1 to 2 times your annual pay to a maximum of $500,000. If you participate in this program, you can enroll your spouse* in the amount of $10,000 and your children in the amount of $10,000 for each eligible child. You must meet eligibility requirements to qualify.
  • Generous coverage amounts available. You can enroll in coverage from 1 to 8 times your annual pay to a maximum of $2,500,000. If you elect coverage for yourself, you can enroll your spouse* in any amount between $10,000 and $100,000 (in $10,000 increments), and $10,000 for each eligible child. Evidence of insurability may be required.
Enroll Now

To get a quote or enroll in Supplemental Life Insurance, click on the button below.

Video

Click to learn more about the Supplement Term Life Insurance Program

Contact Us

 Address
Mercer Voluntary Benefits
P.O. Box 9122
Des Moines, IA 50306-9122
 Phone
1-800-552-9670
 Hours
 M-F 9a-6p ET
 Email
employerbenefitsinquiries.service@mercer.com

FAQs

Answers about the plan, including eligibility, options, enrollment, customer service and more.
  • Who needs life insurance?

    Everyone needs life insurance.
    Contrary to popular belief, life insurance isn't just for parents. You need life insurance if anyone is financially dependent on you.

    You've recently graduated from college.
    You may have significant student loan obligations. If something were to happen to you, your loved ones would most likely be forced to shoulder that debt.

    You're the parent of small children.
    You want to make sure they'll be able to keep the same lifestyle and attend college—even if you're not there to see it happen.

    Your grown children are on their own.
    But your children may rely on you for support and help around the house. If you weren't there for them, your children would need extra money to pay someone to take care of things you've been managing for them.

    Your spouse may be depending on your income for retirement.
    But you're not sure your retirement savings is enough to keep up with a rising cost of living if your paycheck stopped. Life insurance can be a smart way to fill the gap.

    Like many families, you rely on two incomes to make ends meet.
    You'll need life insurance on both you and your spouse. Even if your spouse stays at home, you should consider life insurance on your spouse to cover the cost of hiring someone to take care of the things your spouse generally handles.

    You want to be sure your children can protect their futures, too.
    Most children's life insurance coverage contains an innovative feature that allows them to convert their term life protection to a permanent life insurance plan at a higher premium when they become adults. This ensures that your children can protect their own families—no matter what health problems they may develop.

  • Who is the provider?

    With over 145 years of experience, the MetLife companies are a leading innovator and a recognized leader in protection planning and retirement and savings solutions around the world.

  • Who is eligible?

    You can enroll if:

    • You are actively at work on the date your Enrollment Form is signed and coverage begins. You must not have been hospitalized (except for well-baby delivery) during the 90 day period prior to the date your Enrollment Form is completed and must not be receiving or applying for any disability benefits other than medical expense benefits.
    • You are scheduled to work at least 20 hours per week.

    You can also enroll these family members:

    • Your legal spouse*
    • Your dependent children or those of your spouse/spousal equivalent

    Your spouse and children’s benefits can only be put in force if you are actively at work and each person to be covered is able to perform normal activities on the date the Enrollment Form is signed and coverage starts. Please note: Your spouse and children cannot have been hospitalized (except for well-baby delivery) during the 90 days before the Enrollment Form is completed and your spouse must not be receiving or applying for any disability benefits other than medical expense benefits. You must be insured for at least one times annual pay in order for your spouse to be eligible.

  • When can I enroll?

    You can apply anytime!
    At certain times you may be allowed to enroll in the Supplemental Life Insurance plan by not completing as many questions. These times include:

    1. Within 30 days of your initial eligibility date.
    2. During special enrollment periods as offered by your employer and the insurance provider.
    3. Within 31 days of marriage.
    4. Within 45 days of the birth or adoption of your first child. Coverage for a newborn will begin when the child is 14 days old, however the application for coverage could be received immediately following the birth.
  • Do I have to meet any medical requirements?

    If you are enrolling during the initial enrollment period and you are enrolling for up to 2 times your annual pay or $500,000 in total coverage (whichever is less) for yourself; up to $10,000 in total coverage for your spouse*, or child coverage you must complete the Hospitalization question in the Health Information section on the Enrollment Form. If you are enrolling for any coverage above those amounts, you must answer all questions in the Health Information section on the Enrollment Form and complete an Authorization Form.

     

    If you are enrolling after the initial enrollment period; if you answered “Yes” to any questions in the Health Information section on the Enrollment Form; if you are electing more than 4 times your annual pay or $750,000 in total coverage for yourself; or if you are enrolling for new coverage for your spouse that exceeds $40,000, you must also complete a Statement of Health form for that individual. Mercer Voluntary Benefits will mail a Statement of Health form to the address listed on the Enrollment Form for your completion.

  • How much will this coverage cost?

    Your cost is based on several factors including your age, any special features you select, and the amount of coverage you want. See the charts below for rate information.

    Rates - Active
    Rates - Retiree
    Rates - Terminated
  • What if my employment status changes?

    When you leave or retire from your current employer, you can continue your coverage without interruption as long as the group policy is in effect, subject to applicable law and the policies' terms and conditions. Although payroll deduction will no longer be available if you retire or leave your company, you can opt for other payment methods such as direct checking or bank account deduction, credit card billing or home billing. You will be billed directly for your cost of coverage at portable rates. Portable rates may be higher.

  • Are there other benefits to this plan?

    In addition to the advantages of this plan over other life insurance options, this plan offers even more special benefits:

    • Automatic Coverage Increase: Each year on January 1, your employee coverage may go up based on an increase in your annual pay as of the prior July 1. (Please note: Benefit increase automatically just once per program year. You must be actively at work on the effective date of your increase to qualify.) If you would like to opt out of this feature you must contact Mercer Voluntary Benefits.
    • Accelerated Benefit Rider:
      • An advance payment of your life insurance benefits is available if you are diagnosed with a terminal illness with a life expectancy of 12 months or less (may vary by state).
      • You can request payment up to 80% percent of your coverage amount, up to a maximum of $500,000.
      • Advance payment permanently reduces the death benefit.
      • Premiums must continue to be paid on the remaining coverage amount after an advanced payment.

      • The accelerated life insurance benefits offered under your certificate are intended to qualify for favorable tax treatment under the Internal Revenue Code of 1986. If the accelerated benefits qualify for such favorable treatment, they will be excluded from your income and will not be subject to federal taxation. Tax laws relating to accelerated benefits are complex. You are advised to consult with a qualified tax advisor about circumstances under which you could receive accelerated benefits excludable from income tax under federal tax law. Receipt of accelerated benefits may affect your eligibility, or that of your spouse or family, for public assistance programs such as medical assistance (Medicaid), AID to Families with Dependent Children (AFDC), supplementary Social Security Income (SSI), and drug assistance program. You are advised to consult with social service agencies concerning the effect receipt of accelerated benefits will have on public assistance eligibility for you, your employee, or your family.

    • MetLife AdvantagesSM
      MetLife Advantages is a comprehensive suite of meaningful services and benefits available at no cost to participants of the GUL program. Click on the links below to learn more about each of these valuable services.
  • When would my coverage start?

    If evidence of good health is required...
    Coverage is effective on the first of the month after coverage is approved by MetLife.

    If evidence of good health is not required...
    Coverage is effective the first day of the month in which your first payroll deduction begins.

*For Vermont and Washington State residents, Spouse includes your registered Domestic Partner if you and your Domestic Partner are registered as domestic partners, civil union partners or reciprocal beneficiaries with a government agency or office where such registration is available.

Learn More

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.

 

Enrollment Form
Authorization Form
Privacy Notice
Beneficiary Designation Form
Beneficiary Capability Options

  1. You are able to choose and/or update beneficiary information online for active Supplemental Term Life policies. Log in to My Account at the top of this page to access the online Beneficiary tool.
  2. Or, complete the Beneficiary Designation Form and return the form to Mercer for processing.


(It is not a requirement to utilize the new online functionality. Existing beneficiary selections are on file, historical information is not loaded into the system.)

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.