Basic Life and AD&D
It’s never fun to discuss life insurance. But you probably know that life insurance is something that you need to protect your loved ones in the event of your death. Things like funeral expenses, debt, and the cost of living, can all add up. Fortunately, life insurance can help lessen the financial burden and provide coverage to help pay for these types of expenses.
This is a company-paid benefit – enrollment is not required.
Supplemental Life
In addition to the company-provided Basic Life benefits, you may elect to purchase additional supplemental life insurance at discounted group rates provided by MetLife. You pay for this coverage with after-tax dollars through convenient payroll deductions. You are not eligible to purchase supplemental life insurance with MetLife if you qualify for the GVUL benefit with MetLife.
This is a voluntary benefit – if elected, enrollment is required.
Group Variable Universal Life (GVUL)
Parsons offers you the opportunity to purchase Group Variable Universal Life (GVUL) insurance at discounted group rates, provided by MetLife. This benefit is available in lieu of the MetLife Supplemental Life. Life insurance protects your family or other beneficiaries in the event of your death while you are still actively employed with the company.
Resources
Learn More and Enroll
To enroll, call MetLife at 800-846-0124 or visit mybenefits.metlife.com.
To make changes to existing coverage, call MetLife at 800-756-0124 or visit mybenefits.metlife.com.
If you retire or leave the company, you can continue your full coverage amount by calling 800-846-0124.
MetLife
Supplemental AD&D
Accident insurance can help you pay expenses if you or your spouse is seriously injured or killed in a covered accident. This insurance can help ensure that tragedy doesn’t take both an emotional and a financial toll on your family. By purchasing this insurance, you benefit from affordable group rates and convenient payroll deductions.
This is a voluntary benefit – if elected, enrollment is required.