Comfortably set aside money to cover retiree life insurance costs with a retiree life funding program.
Transfer your company's retiree liability and plan administration to MetLife with a retiree life buyout.
Fund general employee benefits or transfer plan assets into a MetLife Funding Agreement.
Our Life Insurance Funding Account (LIFA) allows your company to:
Our Guaranteed Life Insurance Funding Account (GLIFA) allows your company to:
A MetLife Funding Agreement:
Get to know the people who will help you make the best choices for your company’s retiree life benefits.
1All guarantees are subject to the financial strength and claims paying ability of the issuing MetLife company.
Neither MetLife nor its representatives provide tax, accounting, legal or investment advice. The rules relating to such matters are subject to interpretation and change. The appropriateness of any product for any specific company may vary depending on the facts and circumstances. Employers should consult with and rely upon their own tax, accounting, legal or investment advisors.
To enjoy the tax advantages associated with the Guaranteed Life Insurance Funding Account (GLIFA) and Life Insurance Funding Account (LIFA) products, prefunding must be within tax code limits that generally limit prefunding for post retirement group term life insurance to a $50,000 maximum coverage amount over the working lives of covered employees, and actuarially determined on a level basis, using assumptions that are reasonable in the aggregate.