{"id":72312,"date":"2024-07-09T10:59:06","date_gmt":"2024-07-09T00:59:06","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=72312"},"modified":"2025-03-14T12:02:20","modified_gmt":"2025-03-14T01:02:20","slug":"metlife-product-update-3","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2024\/07\/09\/metlife-product-update-3\/","title":{"rendered":"MetLife Product Update"},"content":{"rendered":"<div class=\"header row\">\n<div class=\"intro\">\n<h3>MetLife Australia&#8217;s update to its flagship MetLife Protect product range drew strong reader interest this week&#8230;<\/h3>\n<\/div>\n<\/div>\n<p>MetLife Australia has announced updates to its MetLife Protect and MetLife Protect Super offers.<\/p>\n<p>Detailed in a <a href=\"https:\/\/riskinfo.com.au\/resource-centre\/product-disclosure-statements\/pds-metlife-protect-30062024\/\" target=\"_blank\" rel=\"noopener\">new PDS<\/a> effective from 30 June 2024, key changes\u00a0include:<\/p>\n<ul>\n<li>Additional 60-day Waiting Period option for Income Protection for all Benefit Periods and eligible occupations<\/li>\n<li>Monthly Income Protection benefit calculation to include bonuses, which means customers can be insured for their bonuses, not just salary<\/li>\n<li>$10,000 Death Benefit added to the Own Business Option for Total and Permanent Disability.<\/li>\n<\/ul>\n<figure id=\"attachment_71926\" aria-describedby=\"caption-attachment-71926\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2024\/06\/meray-el-khoury2-e1720483339580.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-71926\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2024\/06\/meray-el-khoury2-e1720483339580-252x300.jpg\" alt=\"\" width=\"150\" height=\"179\" \/><\/a><figcaption id=\"caption-attachment-71926\" class=\"wp-caption-text\">Meray El-Khoury<\/figcaption><\/figure>\n<p>In a statement released by the insurer, it says these key changes to income protection and lump sum cover are notable for not triggering a premium increase for existing policies, and adds other changes also include more favourable treatment of sick leave and TPD benefit calculations.<\/p>\n<p>MetLife says it believes in &#8220;&#8230;providing the best possible product, pricing and service to advisers and their clients, and these product updates reflect that commitment.\u201d<\/p>\n<p>Chief Insurance Officer <strong>Meray El-Khoury<\/strong> adds the company is always looking for ways to make sure MetLife Protect remains a great choice for customers, delivering benefits that meet their needs.<\/p>\n<p>\u201cWe do this by making adjustments that ensure our product remains competitive in a changing market. These product upgrades provide more product options and better benefit terms &#8230;\u201d<\/p>\n<p><a href=\"https:\/\/riskinfo.com.au\/resource-centre\/product-disclosure-statements\/pds-metlife-protect-30062024\/\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to review the new PDS.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MetLife Australia&#8217;s update to its flagship MetLife Protect product range drew strong reader interest this week&#8230; MetLife Australia has announced updates to its MetLife Protect and MetLife Protect Super offers. Detailed in a new PDS effective from 30 June 2024, key changes\u00a0include: Additional 60-day Waiting Period option for Income Protection for all Benefit Periods and [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":72314,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,4,8291],"tags":[],"class_list":{"0":"post-72312","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-company-news","8":"category-products","9":"category-story-of-the-week"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/72312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=72312"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/72312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/72314"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=72312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=72312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=72312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}