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MetLife has introduced new voluntary retiree life insurance. The company said that this new group term life insurance is designed to provide an innovative retiree paid life insurance solution for employees who are entering retirement and throughout their retirement years.

“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,” said Stephen Pontecorvo, vice president at MetLife. “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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