How Benefits Are Paid by MetLife
Benefit payments by MetLife on behalf of the Plans are made in the method chosen by the beneficiary, and can include:
- A Total Control Account (TCA), which is an interest bearing account similar to a checking account that MetLife would open for you to hold your claim proceeds. MetLife pays the full amount owed to you by placing the proceeds into the TCA and providing you with a book of drafts. You can use the draft as you would use checks.
- A check that MetLife mails to you; or
- An Electronic Funds Transfer (EFT) where MetLife would transfer the funds directly to a bank account provided by you via electronic funds transfer. This requires completion of an EFT form.
AIG makes payments for the Business Travel Accident Plan.