MetLife pro­motes vari­able in­sur­ance

The Korea Times - - BUSINESS - By Nam Hyun-woo namhw@ktimes.com

MetLife Korea’s Univer­sal To­day Whole Life Vari­able In­sur­ance is draw­ing keen at­ten­tion, amid the solid up­trend in stock mar­kets within and out­side the coun­try, the in­surer said Sun­day.

Ac­cord­ing to the in­surer, the prod­uct cov­ers death when the pol­i­cy­holder is eco­nom­i­cally ac­tive and al­lows the pol­i­cy­holder to change the ben­e­fits into an an­nu­ity af­ter re­tire­ment.

Af­ter the pol­i­cy­holder’s re­tire­ment, up to 90 per­cent of his or her death ben­e­fits could be turned into a 15-year, 20-year or 25-year pe­riod an­nu­ity.

The re­main­ing 10 per­cent will re­main as a death ben­e­fit af­ter the an­nu­ity pe­riod ex­pires.

Since To­day’s Whole Life is a vari­able pol­icy in­vest­ing in funds, clients can ex­pect higher ben­e­fits should yields go higher.

Even if losses oc­cur in in­vest­ments, min­i­mum ben­e­fits are guar­an­teed.

The in­surer said the pol­icy was de­signed to en­hance the fea­tures of health and med­i­cal pro­tec­tion.

Through var­i­ous spe­cial clauses, the pol­icy cov­ers can­cer, cere­bral hem­or­rhag­ing, acute my­ocar­dial in­farc­tion and other med­i­cal con­di­tions.

Those who have a pol­icy worth more than 50 mil­lion won ($44,523) or have pur­chased more than two spe­cial clauses will be el­i­gi­ble for health­care ser­vices com­prised of health coun­sel­ing, reser­va­tion ser­vices for health check­ups and other ser­vices.

Cour­tesy of MetLife Korea

MetLife Korea em­ploy­ees pro­mote Univer­sal To­day Whole Life Vari­able in­sur­ance.

Newspapers in English

Newspapers from Korea, Republic

© PressReader. All rights reserved.