MetLife promotes variable insurance
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.
MetLife Korea employees promote Universal Today Whole Life Variable insurance.