An Accelerated Benefit Option (ABO) is an important feature included in the basic and supplemental plans. If the employee is diagnosed as terminally ill with only a six month life expectancy they may elect to receive up to seventy percent of the face value of the policy with a service charge of four percent of the amount paid.
Another plan feature is the assignment of insurance policy ownership. Both the employee's basic as well as any supplemental life insurance purchased can be assigned by gift or to a viatical settlement provider for viatical purposes. For more information on these features, you may contact MetLife directly at 1-800-252-8524.
