MetLife Worldwide Benefits Adds Will Preparation and Estate Resolution Services for Members

Rhea-AI Summary

MetLife, Inc. (NYSE: MET) has launched two new services: Will Preparation & Digital Estate Planning and Estate Resolution. These services are available free of charge to life insurance members through its Worldwide Benefits division. According to MetLife’s Annual 2022 Expat Employee Benefit Trends Study, legal services for will preparation are highly requested by globally-mobile employees. The offerings feature access to a network of over 18,000 attorneys, online document creation, and support for complex estate issues. This launch is part of MetLife’s strategy to stand out as a comprehensive provider for global employees, enhancing their benefits package alongside previously introduced Grief Counseling services.

Positive

• Launch of Will Preparation & Digital Estate Planning and Estate Resolution services.
• Free access to services for life insurance members, enhancing the value of existing benefits.
• Access to a network of over 18,000 attorneys for will preparation and estate resolution.
• Aligns with the demand for legal services reported in MetLife’s 2022 study, showcasing responsiveness to client needs.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- MetLife, Inc. (NYSE: MET) announced today the launch of two services, Will Preparation & Digital Estate Planning and Estate Resolution, now available to members enrolled in life insurance at no additional cost through its MetLife Worldwide Benefits business. Legal services like will preparation and estate resolution are among the top benefits requested by globally-mobile employees of their employers, according to MetLife’s Annual 2022 Expat Employee Benefit Trends Study.

These services, offered through MetLife Legal Plans, provide members access to an extensive network of more than 18,000 participating plan attorneys, including unlimited access to the attorney network for will preparation and estate resolution needs. Additionally, they include:

Will preparation and Digital Estate Planning:

• Preparing and updating wills, including complex will(s), living will(s), power(s) of attorney for medical directives and healthcare proxies for both members and their spouse/domestic partner
• In-person or telephone consultations with an attorney
• Ability to create documents online via the MetLife Legal Plans website; with an in-network attorney (U.S. only); or by using an attorney (U.S. and international) and filing a claim for reimbursement for the attorney’s fee (up to a certain amount)

Estate Resolution:

• Preparation of estate documents and professional court representation at court proceedings available to help properly distribute probated assets from the estate
• Preparation of correspondence needed to transfer non-probate assets, as well as any associated tax filings

“These new services make us one of the few expat carriers that is able to offer a full suite of products to our clients for their globally-mobile employees, giving them additional peace of mind as they deal with the unique challenges of the global workforce,” said Fernando Jaime, vice president, MetLife Worldwide Benefits. “These new benefits continue to set us apart in the customized solutions we are able to offer our clients,” he added.

Will Preparation & Digital Estate Planning and Estate Resolution services come in addition to Grief Counseling services that made available to members and clients with Life insurance last year.

Brokers and clients can find valuable information and resources on all MetLife Worldwide Benefits services available to them by visiting MetLifeWorldwide.com.

About MetLife Worldwide Benefits

MetLife Worldwide Benefits personalized solutions for globally-mobile employees have been in existence for nearly 60 years. MetLife Worldwide Benefits products are underwritten by Delaware American Life Insurance Company, a MetLife affiliate domiciled at 600 North King Street, Wilmington, DE, 19801, and other affiliates. For more information, visit www.metlifeworldwide.com

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230426005140/en/

Kimberly Prime

908-524-5674

kprime@metlife.com

Source: MetLife, Inc.

FAQ

What new services has MetLife launched for life insurance members?

MetLife has launched Will Preparation & Digital Estate Planning and Estate Resolution services for life insurance members.

Are MetLife's new services available at an additional cost?

No, the new services are available at no additional cost to members enrolled in life insurance.

How many attorneys are available through MetLife's new legal services?

There are over 18,000 participating attorneys available through MetLife's legal services.

What is the significance of MetLife’s new legal services?

The services cater to the demands of globally-mobile employees, enhancing MetLife’s benefits offerings and market positioning.

When were the new services launched by MetLife?

MetLife announced the launch of these services on April 26, 2023.