Metlife

More than half of all employees have been made redundant or suffered long-term illness during their working life, MetLife Employee Benefits has found.

Disability and illness is to blame for two in five unemployed 50 to 60-year-olds, MetLife has reported.

MetLife has been building its infrastructure ahead of the launch of a Master Trust for its group life and group income protection.

Life-threatening experiences have hit two in five while the average person has cheated death at least once, MetLife has reported.

MetLife has bumped up its group life protection with a bereavement and probate service.

The insurance gap is widest for aged 55 and over, MetLife has said.

MetLife is re-launching its group life protection product as part of the ongoing expansion of its employee benefits business.

More than a quarter of private sector employers are looking to reduce employee benefit costs by cutting holiday entitlement for staff, according to new research.

Giant re-insurer Swiss Re will buy 300,000 in-force life policies from American Life Insurance Company (Alico).

Alico has been rebranded under the MetLife name following its acquisition by the company in November.