What type of insurance is GIC?

The Group Insurance Commission ( GIC ) provides high-quality, affordable health insurance and other benefit options to over 220,000 subscribers and 460,000 members.

How does GIC insurance work?

A guaranteed investment contract ( GIC ) is an agreement between an investor and an insurance company. The insurer guarantees the investor a rate of return in exchange for holding the deposit for a period. Investors drawn to GICs often look for a replacement for a savings account or U.S. Treasury securities.

What benefits does MetLife offer?

The MetLife companies offer life insurance, annuities, auto and home insurance and other financial services to individuals. We also offer group insurance and retirement and savings products and services to corporations and other institutions.

Is MetLife medical insurance?

METLIFE’S HOSPITAL INDEMNITY INSURANCE IS A LIMITED BENEFIT GROUP INSURANCE POLICY. The policy is not intended to be a substitute for medical coverage and certain states may require the insured to have medical coverage to enroll for the coverage.

Is UniCare a PPO or HMO?

UniCare’s commitment to quality health insurance benefits, broad choice and superior customer service are the foundation of our national PPO: UniCare Platinum Network. UniCare PPO Plans give its members broad access to independently contracted network providers across the country.

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Can a GIC lose money?

A GIC (guaranteed investment certificate) is a safe and secure investment with very little risk. You don’t have to worry about losing your money because it is guaranteed. A GIC works like a savings account in that you deposit money into it and earn interest on that money.

Is a GIC the same as a CD?

One of the safest savings vehicles in the United States is the Certificate of Deposit, or CD. In Canada, the equivalent of a CD is a Guaranteed Investment Certificate, or GIC. Similar to their US cousins, GICs pay a set percentage of interest based on the period of time for which your money is locked in.

Does GIC cover dental?

The GIC Retiree Dental Plan is provided through MetLife. You can get reimbursed up to $1,250 a year for cleanings, fillings, crowns and other dental services. You pay less if you receive care from one of 370,000 participating dentists nationwide. You pay more if you receive care from a non-participating dentist.

Are GICs insured?

Term deposits, including Guaranteed Investment Certificates ( GICs ), are eligible for CDIC insurance. That means a GIC with an original term of seven years, for example, is insured.

Is MetLife going out of business?

On March 6, 2017, MetLife separated its U.S. retail business. The separated business launched Brighthouse Financial, Inc. – an independent company that is no longer a part of MetLife. Important Information About MetLife’s U.S. Retail Business Separation.

For General Inquiries: 1-800-638-5433
Group Annuities: 1-800-560-5001

Can I cash out my MetLife Insurance Policy?

Some permanent life insurance policies accumulate cash value. That means, the value of the policy will grow each year, tax-deferred, until it matches the face value of the policy. The cash can generally be accessed via loans or withdrawals, and can be used for a variety of purposes.

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What does my MetLife dental plan cover?

Most cleanings and exams are covered 100%. The MetLife dental network includes over 146,000 providers, so finding the right dentist is easy. Our plans give you the flexibility to visit providers in or out-of-network. Most cleanings and exams are covered 100%.

Is MetLife Medical Insurance Good?

Very good consumer and financial strength ratings: MetLife holds an A+ rating from AM Best and a well -below-average complaint index through the National Association of Insurance Commissioners (NAIC).

How do I check my MetLife status?

Can I check the status of my claim? Yes, you can. Once we receive the documents, you can call our customer service team at 1-800-638-5000 for updates. If you’re filing as an individual beneficiary, we can also send you status updates via email or text if you selected one of these options when completing the claim kit.

How do I check my MetLife account?

Please visit www.brighthousefinancial.com to log on and view your contract details or register your account (s). If you have a Brighthouse Financial pension / annuity benefit through your employer or former employer,Total Control Account, or Trust owned life insurance policy, login here.

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