Life insurance is a critical component of the financial safety net for your family and loved ones.  All of our benefits eligible employees are provided with a 1 times covered earnings benefit.  Employees may choose to purchase more in life insurance through our supplemental life insurance benefits underwritten by MetLife.  However for employees whose earnings exceed some of the maximums of our supplemental life insurance plans we offer a different Group Variable Universal Life (GVUL) insurance benefit.  At current that maximum earnings is set to $180,000.  To enroll in this benefit you will need to log on to: https://online.metlife.com/edge/web/public/benefits enter in “News Corp” in the box that inquires as to which Employer provides your benefit. From there you can register and review all of the details of this important benefit package.

When can I enroll?

You can enroll for life insurance at any time.  However if you are enrolling outside of your first 31 days of employment you will be subject to MetLife’s rules on providing Evidence of Insurability.  This means you will answer a short health questionnaire and may be required to take a free health exam from a doctor assigned to you by MetLife.  Newly hired employees who are enrolling within their first 31 days would receive Guarantee Issue under the MetLife rules.  Meaning you will not have to perform any Evidence of Insurability proof for elections of 1 times, 2 times, or 3 times your earnings up to $500,000 of coverage.

What if I was in the Supplemental Life Insurance Plan but now my earnings take me over the $180,000 cap?

Your coverage will be automatically converted from the Group Term policy to this GVUL policy.  We recommend you log on to https://online.metlife.com/edge/web/public/benefits to review your account.  Make sure your beneficiaries are up to date, and determine whether you want to take advantage of the plan’s excess premium investment opportunity.