Boston, MA 04/09/2014 (wallstreetpr) – The latest offering from MetLife Inc (NYSE:MET), the multinational insurance company, is designed to provide a retirement plan that is specifically designed for those who are at the cusp of leaving employment and promises to cover them throughout afterwards. The people who were born during the period of 1946 – 1964, called baby boomers, are expected to retire in the next 15 years and to cash in on this market has been a significantly smart move. The major advantage of this plan is that it is only for the need of the retirees and not for those who are doing their retirement planning for the future.
Plan Specifics
MetLife Inc (NYSE:MET) has chalked out the benefits for the retirees and their spouses in three different channels. The plans will provide coverage of $25,000 to $150,000, with added services such as, personalized will- preparation and estate resolution services, on offer from Hyatt Legal Plans, and a safe and Total Control Account. It is an account which is not insured by any government agency, and the assets backing this account are maintained with MetLife Inc (NYSE:MET), who bear the risk for the investments made on the behalf of the account holder.
Employers Contribution
This plan provides ample help to the employers to provide an option for voluntary life coverage to retirees along with the full plan of administration by creating materials for ads inviting enrollment, maintaining all the relevant information, management of the claim packages and maintaining the proper billing. There is a great variety of options for the employees to choose from, and the best part is that these benefits are customized to the age and situation in life. Being a unique and novel idea, this should find purchase with those who are desirous of a comfortable retirement, and want to make arrangements for their beneficiaries. MetLife Inc (NYSE:MET) is trading close to $51.57.
