MetLife Adds Credit Monitoring To Employee Benefits

NEW YORK, July 11, 2017 – As concerns about identity theft continue to be top of mind for employees, MetLife has added credit monitoring services to its group legal services employee benefit plan, MetLaw®, which is provided by Hyatt Legal Plans, a MetLife company. The new credit monitoring service, available to employers with 1,000 or more employees, strengthens the product’s identity theft protection services for participants.

“The number of employers offering legal services plans has doubled in the past 10 years, and the popularity of this benefit continues to grow,” said Randy Stram, senior vice president of National Accounts in MetLife’s Group Benefits business. “We’ve added the new credit monitoring service to further support employers as they work to meet employees’ need for resources that protect against identity theft. With the growth of the gig economy, employers are intently focused on retaining and engaging their employees, and workplace benefits customized to employees’ needs play a key role.”

Through MetLaw®, employees at organizations that offer the plans have access to a network of more than 14,000 attorneys to provide guidance on potential legal actions arising from identity theft, as well as a variety of other common legal issues, including wills and estate planning documents, powers of attorney, family law, traffic defense and more.

The new credit monitoring service, provided by CyberScout, scours the internet and major credit bureaus to help uncover and minimize fraud in the early stages and provides members with a dashboard of credit reports to monitor their credit scores. If identity theft is uncovered, fraud specialists work to restore the member’s identity. Participants who experience an identity theft incident can also be reimbursed up to $1 million for reasonable and necessary expenses related to the incident, such as lost wages and unauthorized electronic fund transfers.

“We’re proud to partner with CyberScout to offer even more robust identity theft protection to MetLaw^® plan members,” said Ingrid Tolentino, CEO of Hyatt Legal Plans. “CyberScout continues to lead the industry in identifying and resolving fraud and we’re confident that their best-in-class service will add significant value for employers by helping more employees avoid identity theft through credit monitoring.”

Employers interesting in offering a legal services plan can find out more at www.legalplans.com.