MetLife announced Tuesday the launch of its Voluntary Retiree Life product, designed to provide a new life insurance solution for employees who are entering retirement.
"The number of baby boomers expected to retire in the next 15 years creates a big need. Employees with life insurance provided through the workplace will be looking for ways to extend that insurance into retirement," Stephen Pontecorvo, vice president at MetLife, said.
"In response to this need, MetLife has developed a plan specifically for retirees that provides convenient life insurance plan options as well as valuable benefits retirees are likely to appreciate."
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