MetLife Life Insurance

Company Name:

MetLife (Metropolitan Life Insurance Company)

Company Summary:

Metlife first became known as a provider of insurance during the American civil war. Although the target demographic of this insurance company was the working class, it did not hesitate to to assist the country’s brave citizens. Soldiers were insured against injuries by then arm National Union Life and Limb Insurance Company. Metlife survived the challenges of these turbulent times, only to face another crisis early in the 20th century. The 1929 stock market crash proved to be a formidable opponent for American companies, but Metlife’s financial strength did not waver during the devastating period.

Metlife further proved its strength and integrity throughout the remainder of the 20th century. It continues its excellent service by providing products to more than 37 million loyal and satisfied customers.

Types of Life Insurance Products

Metlife offers term life and whole life insurance products.

- Term Life Insurance: Metlife term life insurance comes in three forms.

- One-year term insurance: This policy offers death benefits at a fixed amount per year. With the “life insurance, no medical” industry standard, anyone can get this policy instantly. The Metlife one year term can be renewed by the policy holder up to the age of 95, but premium payments increase per additional year. One may also convert this to a lifetime plan up to the age of 60. Policy holders who are past this age may only convert the one-term plan at the end of the 5-year period.

- Level-term: Convertible up to age 90, and renewable up to age 95, these 10, 15, 20, or 30 year plans offer policy holders level premiums for a set coverage amount.

- Scheduled Term: This plan is available in 10, 15, 20, or 30 year periods, but it also requires an annual renewal for coverage that decreases as debt is incurred. Renewable up to the age of 60, a policy holder can also change this to a permanent policy at the end of the 5-year period.

A term life insurance quote will help evaluate one’s insurance needs. For more information, one may consult with a term life insurance quote online.

- Whole Life Insurance: Metlife offers 3 kinds of whole life insurance: L-98, Guarantee Advantage UL, and Equity Advantage VUL. One may opt for flexible or level premium payments, adjustable death or cash benefits, numerous investment options, and other lifetime coverage choices.

Company Address:

200 Park Avenue
New York, New York 10166