MetLife employee protection policy

ProActive Protection is initially available through a selected panel of financial intermediaries before being launched nationwide.

*( The minimum number of lives covered is three, with no maximum.

* Income benefit of up to £425,000 a year can be selected up to a maximum of 80 per cent of earnings for employees and 50 per cent of earnings for partners.

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* Incapacity definitions include ‘own occupation’ or ‘own or suitable occupation’.

* The policy supports employers by providing a team of client relationship managers.

Adviser verdict

Alan Lakey, partner at Hertfordshire-based Highclere Financial Solutions: “The scheme is a welcome addition but does not seem to offer any apparent advantages over competition such as Canada Life and Unum. In the group market the factors that help determine winners are cost and admin capability, so the jury will be out for a while.”