MetLife has launched a new Disability Income Term Premium Conversion (TPC) Rider, to provide coverage for the individuals who were out of work due to disability.

The insurer said that adding the TPC Rider to its Omni Series Disability Income insurance products offers increased flexibility to meet evolving budget considerations.

The TPC Rider offers consumers the choice to purchase disability coverage with initially more affordable term premium, which enables them to determine an amount of premium and coverage that’s right for their budget and needs. However, TPC Rider is not yet available in all US states.

MetLife‘s online Disability Insurance Calculator also helps consumers to determine how much disability coverage they require.

MetLife vice president, Individual Disability Income Clea Barth said that the new TPC Rider provides great flexibility, allowing individuals to designate all or part of their disability benefit premium as term premium, which is initially less than level premiums.