YOUR U-M LIFE INSURANCE BENEFICIARY DESIGNATION
Records indicate that you are enrolled in a University of Michigan group life insurance plan, administered by the Metropolitan Life Insurance Company (MetLife). To better serve you, U-M changed the administration of your life insurance beneficiary information from the Benefits Office to MetLife. This change is effective immediately.
If you need to make any updates to your beneficiaries, or designate beneficiaries for the first time, you can designate your beneficiary quickly and securely online using MetLife’s MyBenefits website at www.metlife.com/mybenefits.
You will need to register on the MetLife MyBenefits site before you can make your beneficiary designations. Instructions on how to register and complete your beneficiary designation online are included in the Frequently Asked Questions available on the Benefits Office website.
To designate your beneficiary after you have registered:
Go to the MetLife website at www.metlife.com/mybenefits
Log in using the MetLife user name and password you created during registration
Click Life Insurance – Group Term Life under the Products & Services tab.
Click Add/Update Beneficiaries
Please note that the MetLife website is only for managing your life insurance beneficiary designations. Your U-M Retirement Savings Plan beneficiary designations are managed separately by each investment company. For information on changing your Retirement Savings Plan beneficiaries, visit the Beneficiary page on the Benefits Office website.
Please provide your beneficiary information to MetLife by February 29, 2012.
You can continue to make changes to your beneficiary information after February 29, 2012 using MetLife’s beneficiary website. MetLife will send a confirmation statement to you for your records within seven to ten business days after you change your beneficiary information online.
Having an up-to-date beneficiary designation on file is extremely important. This information is essential to ensure that your life insurance benefits will be paid in accordance with your wishes. If you do not make a designation for your life insurance and the Benefits Office has designations on file for you that MetLife can honor, those will apply. If you do not designate a beneficiary, or if none of the beneficiaries you name survives you, death benefits will be paid to the first of the following:
Your surviving spouse or other qualified adult;
Surviving children in equal shares;
Surviving parents in equal shares;
Surviving siblings in equal shares;
If you have any questions about making a beneficiary designation or completing the beneficiary designation information online, please contact MetLife at (866) 492-6983. Representatives are available to assist you Monday through Friday, 8:00 a.m. to 11:00 p.m. (Eastern Time).