Thursday, March 16, 2006
MetLife Launches Online Life Insurance Calculator
To help boost life insurance sales, New York-based MetLife (total assets of $481.2 billion) has developed the online Guaranteed Survivor Income Benefit (GSIB) calculator along with a life insurance rider for its individual universal life product.
The Web-based calculator breaks down the amount of life insurance an individual will need to provide for his or her family on a monthly basis—calculating life insurance out like a monthly paycheck—instead of basing the lump sum on uncertainties such as interest rates, the way it has been traditionally calculated. The calculator reinforces the universal life product's GSIB rider, a provision in the contract that ensures the life insurance will be distributed monthly to the survivor instead of the traditional way of receiving the benefit all at once.
Read full story: MetLife Launches Online Life Insurance Calculator
Source: FinanceTech
The Web-based calculator breaks down the amount of life insurance an individual will need to provide for his or her family on a monthly basis—calculating life insurance out like a monthly paycheck—instead of basing the lump sum on uncertainties such as interest rates, the way it has been traditionally calculated. The calculator reinforces the universal life product's GSIB rider, a provision in the contract that ensures the life insurance will be distributed monthly to the survivor instead of the traditional way of receiving the benefit all at once.
Read full story: MetLife Launches Online Life Insurance Calculator
Source: FinanceTech
Permalink posted by armandn @ 7:53 AM 
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