It’s important that you periodically review your insurances to ensure you and your family’s needs are being met and protected. One often overlooked insurance is life insurance. Life insurance is designed to offer you peace of mind that your loved ones will be financially safeguarded should something happen to you. Life insurance provides a payout, commonly referred to as a death benefit, to beneficiaries upon the policyholder’s death.
The death benefit can cover a multitude of expenses, including funeral costs, debts, mortgages, and daily living expenses. The burden of these expenses could fall solely on the surviving family members if there’s no life insurance policy in place. The cost of these expenses could potentially put your loved ones in a difficult financial situation.
The Insurance and Benefits Trust of PORAC (IBT) has partnered with MetLife to provide Supplemental Term Life insurance as well as Accidental Death insurance. These coverages can help alleviate any financials strain your family may face as a result of your untimely passing.
Supplemental Term Life Insurance
While the MetLife plan allows for purchasing additional term life insurance that works in conjuncture with your employer-provided coverage, it offers many additional benefits. The supplemental term life plan, at no extra cost, provides the following:
- Will Preparation You and your family have access to MetLife Legal plan attorneys to prepare/update a will, living will or power of attorney.
- Estate Resolution Services You and your family have access to participating MetLife Legal plan attorneys to settle your estate.
- Grief Counseling Provides up to five counseling sessions with a licensed grief counselor.
Accidental Death Insurance
You may consider adding accidental death coverage to your life plan. Accidental death coverage works in addition to your life plan by covering you 24/7, 365 days a year. Accidental death insurance cover loss of life in the event of a fatal accident.
Life and accidental death insurances offer critical financial protection to your family and helps to ensure their future is secure, regardless of life’s uncertainties. Knowing that family members will be taken care of financially in the event of an unexpected death can reduce stress and anxiety about the future. Life insurance helps people focus on enjoying life in the present without worrying about the financial burdens their loved ones might face in the future.
To learn more about the IBT sponsored life and accidental death insurance please call Damon Kurtz, Association Retention and Recruitment Manager, at (559) 978-8065 or reach out to him via email at dkurtz@ibtofporac.org. You can also learn more by vising the IBT’s Disability, Life and AD&D page.
Featured in the March 2025 issue of PORAC Law Enforcement News.