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MetLife relaunches group life protection product

MetLife has relaunched its group life protection product as part of its ongoing expansion of its employee benefits business.

As part of the relaunch, registered and excepted policies will now be available. MetLife has also increased the maximum age for cover from 70 to 75 and has increased the maximum temporary cover above the free cover limit from £1.25m to £3m and has expanded cover to include all causes, not just accidental death cover.

Actively at work requirements have been improved, with scheme members only required to be at work on the day before the scheme starts and terms for schemes transferring from other providers have also been enhanced.

The product changes follow the appointment of Stephanie Baillie as employee benefits director.

Baillie says: “Enhancing our existing Group Life product is a logical first step in building our offering in the employee benefits market.

“MetLife’s global expertise and strong heritage in the group protection market give us a robust base from which to build our tailored approach for the UK market.”

MetLife says additional products are planned for 2013.

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