Introducing MetLife’s Master Trust
Designed to simplify Group Life policy set up for employers
How our Master Trust benefits your clients
MetLife’s Master Trust has been designed to ensure that Group Life cover can be provided in a flexible trust-based format. This approach aims to simplify the policy set up for employers and maximise protection for their employees in the event of a death.
- A Master Trust is a discretionary trust capable of providing benefits to a range of different employers
- Our Master Trust makes providing life cover for employees easier, as employers don’t have to worry about running the trust itself
- The employer has a say in how the cover operates for its business, but the trustees hold the legal responsibility
Find out more
MetLife does not charge employers, employees or advisers to use its Master Trusts. Access to these are provided free of charge.
An employer can take out a MetLife Group Life policy and participate in a MetLife Master Trust.
Yes, and only one employer admission form needs to be completed by the principle employer for each Master Trust.
This option allows you to enroll your scheme in a revenue approved Master Trust solution that is managed by independent trustees, whose role is to protect the interests of the scheme and the members within the scheme. The trustee is responsible for identifying the correct beneficiaries in the event of a claim. The MetLife Ireland Master Trust is provided at no extra cost to you.
The MetLife Ireland Master Trust has received approval from the Revenue Commissioners and is registered with the Pensions Authority. To join the Master Trust we require an instruction from the employer in the application form when setting up the scheme. This allows us to enrol the employers scheme with ease into our Master Trust arrangement.