Closing the Underinsured Gap with Life Insurance Metropolitan Life Insurance Company, New York, NY L [exp0712][All States][DC,GU,PR]

Closing the Underinsured Gap in Life Insurance The Underinsured Issue is Severe Many employees have less than optimal life insurance coverage and do not recognize it Employees say they value group life insurance, but a significant number of them are not taking action Nearly half of employees are underinsured** The underinsured issue is just as severe – if not worse - than it was six years ago when MetLife last studied this issue ** “Underinsured” is defined as having life insurance coverage that is equal to or less than three times annual household income. Source: MetLife Study of Employee Benefit Trends, 2010 Metropolitan Life Insurance Company, New York, NY L [exp0712][All States][DC,GU,PR]

Closing the Underinsured Gap in Life Insurance A Premature Death Can Be Financially Devastating About two-thirds of life insurance plan beneficiaries say a spouse’s premature death had a major impact on their financial security In 2003, 28% of employees reported being financially vulnerable four to five years after the death of a loved one – that number jumped to 36% in 2009 The underinsured issue is exacerbated by tough times, with 62% of beneficiaries reporting that the difficult economy had significantly eroded their financial security Source: MetLife Financial Impact of Premature Death Study, 2009 Metropolitan Life Insurance Company, New York, NY L [exp0712][All States][DC,GU,PR]

Closing the Underinsured Gap in Life Insurance Majority of Surviving Spouses Struggle after a Premature Death Surviving spouses who received benefits in excess of the suggested baseline coverage of three times the covered employee’s annual income are significantly more likely to feel that the life insurance proceeds were very adequate (59%) or very helpful (83%) Metropolitan Life Insurance Company, New York, NY L [exp0712][All States][DC,GU,PR] Source: MetLife Financial Impact of Premature Death Study, % of employees purchase life insurance through the workplace and employees value their workplace benefits more than ever, regardless of whether they are paid for by the employer or employee

Closing the Underinsured Gap in Life Insurance Employees May Need Help From Employers in Achieving Financial Security Source: MetLife Study of Employee Benefits Trends, 2010 Metropolitan Life Insurance Company, New York, NY L [exp0712][All States][DC,GU,PR] Employees are looking to their employers for help 61% of employees surveyed profess confident about their ability to make the right financial decision Financial security is related to loyalty, which can be good for retention Employers are well positioned to help their employees – which can help with loyalty and retention