What does Multiple Employer Trust mean? Read on to discover the definition & meaning of the term Multiple Employer Trust - to help you better understand the language used in insurance policies.
Multiple Employer Trust
A multiple employer trust (MET) is a trust formed by a group of more than ten employers who are in the same field. Entering into the trust allows them to minimize the tax implications of giving benefits to their employees such as life insurance, and to purchase group insurance at a reduced cost.
We hope the you have a better understanding of the meaning of Multiple Employer Trust.