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MetLife Group Variable Universal Life Insurance (GVUL) is an employer-sponsored life insurance product combining permanent life protection with a tax-deferred investment feature. Eligible participants may pay additional premiums above the cost of insurance into professionally managed variable investment portfolios or an interest-bearing fixed account. The value of variable investment options fluctuates with market performance and may be worth less than the amount invested. Coverage lasts up to the maturity age specified in the certificate and remains subject to policy conditions, charges and employer-program provisions.
Combines permanent life protection with investment portfolios and a fixed-interest account, subject to policy terms and market risk.
GVUL may suit eligible employees who want permanent life insurance and are comfortable with investment risk. Its variable portfolios offer investment choice, while the fixed account has a guaranteed minimum interest rate stated in the certificate. However, investment returns are not guaranteed, and policy charges, premium expenses and increasing insurance costs can affect the cash value. Loans and withdrawals reduce cash value and death benefits. Review the prospectus, certificate, fees, investment options and employer continuation provisions before enrolling.
MetLife
Key Insights
Founded
1868
MetLife was established 158 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.81% CSR, calculated as a 3-year average
MetLife settles 99.81% of all claims it receives, demonstrating strong credibility.
Contact Details
1-800-638-5433
Headquarters: 200 Park Avenue, New York, NY 10166, United States
Provides life insurance protection up to the maturity age specified in the applicable certificate, while coverage remains in force.
Coverage and continuation are governed by the certificate and group policy.
Eligible participants can allocate cash value to a selection of professionally managed investment portfolios.
Investment value fluctuates with market performance and can fall below the amount invested.
The product offers a fixed account with a guaranteed minimum interest rate specified in the certificate.
The current credited rate may change. Guarantees depend on the insurer's claims-paying ability.
Participants may be able to start, stop or change additional premium payments, or make a lump-sum payment, subject to policy rules.
Policy charges and cost-of-insurance deductions continue to apply.
Eligible participants may borrow against available cash value under the certificate terms.
Loans and interest can reduce cash value and the death benefit.
MetLife states that an option to include AD&D coverage may be available with Group Variable Universal Life programs.
Availability, covered events, benefit amounts and cost depend on the employer plan and applicable certificate.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
MetLife plans and claim process
GVUL is an employer-sponsored life insurance product that combines permanent life protection with a tax-deferred investment feature, subject to the policy terms.
No. GVUL includes a cash-value investment feature and is designed to provide permanent life protection up to the maturity age specified in the certificate. It belongs in the Life Insurance category, not the Term Insurance category.
The product is offered through eligible employer-sponsored programs. Contact your employer or benefits administrator to confirm eligibility.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Ratings and figures are based on publicly available company disclosures and state insurance department filings. Finzony is not an insurance broker or agent. Verify all details on the official MetLife website before purchasing.
Official Website
metlife.com
Visit the official MetLife website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Eligible participants may allocate cash value to professionally managed variable investment portfolios or an interest-bearing fixed account, subject to the certificate.
No. Variable investment portfolios are subject to market risk and can lose value. The fixed account has a guaranteed minimum interest rate stated in the certificate.
The official product description allows flexibility to pay additional premiums above the cost of insurance, subject to policy rules.
Eligible participants may take loans against available cash value. Loans and interest can reduce cash value and death benefits.
Withdrawals may be available subject to policy terms and administrative fees. They can reduce cash value and death benefits and may have tax consequences.
A certificate funded beyond certain tax-law limits may become a modified endowment contract. This can change the tax treatment of loans and withdrawals. Consult a qualified tax professional for individual advice.
Some program designs permit continuation after retirement or separation, but coverage and rates may change. The certificate and employer plan determine the available options.
The premium depends on the employer program, coverage amount and applicable individual factors. Ask the benefits administrator for a current quote.
MetLife group life-benefit materials describe an option to include AD&D with certain group life offerings. Confirm whether it is available under the specific employer GVUL program.