MetLife Life Insurance [2020]

MetLife Insurance Company USA is one of the leading providers of life insurance nationwide. Optional MetLife life insurance rates can be as low as $8.70/mo. As a top market-share holder, MetLife and its subsidiaries offer flexible policies to meet the needs of consumers. As of 2017, MetLife individual life insurance must be purchased through a subsidiary or affiliate.

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Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states. Born in Haiti. Reared in Brockton, MA. Matured in Philadelphia. Schimri is a proud graduate of Arcadia University, having earned both a Masters in Special Education and an MFA in Creative Writing from the castle-riddled campus in Glenside, PA. By personality and by profession, Schimri is an educator...

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UPDATED: Oct 20, 2020

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Quick Facts

  • MetLife sells optional term life insurance with rates as low as $8.70 per month.
  • In 2017, MetLife sold its U.S. retail business and now focuses on employer-provided insurance policies. 
  • Individual life insurance policies can be purchased through MetLife’s subsidiaries and affiliates. 

Are you shopping for life insurance through MetLife Insurance Company, USA? We know how taxing it can be to find the right company that meets all of your needs. There are already a ton of questions about MetLife life insurance swirling around your head. Like, “do I need term or universal life insurance?”, and, “do I use the same riders for each insurance policy? “.

Throughout this guide, we analyze MetLife Insurance Company to help simplify the best and worst qualities of Metlife so you can focus on the types of term life insurance offered by MetLife, and what coverage level means the most to you.

By the end of this guide, you should be ready to move on with a MetLife term life insurance policy. But if you can’t wait to get started, enter your five-digit ZIP code into our FREE quote tool above to provide you with the best term life insurance resources, based on your needs.

Table of Contents

MetLife Life Insurance Policies

You might be wondering, does MetLife have life insurance policies? Yes, MetLife has standard life insurance policies. What kind of insurance is MetLife offering? In short, MetLife offers term life insurance, permanent life insurance, and other workplace benefits compiled under their MetLife Advantages℠. 

Through your research, you may have also noticed that there are a few different subsidiaries associated with MetLife. With many subsidiaries, did MetLife change its name? No, but in 2017 MetLife separated its U.S. retail business and launched Brighthouse Financial, which is no longer associated with MetLife.

Therefore, as of 2017, it is no longer possible to purchase MetLife individual life insurance policies. While you can still seek out MetLife term life insurance quotes online, individual policies must be bought from one of the company’s subsidiaries.

MetLife also has some more advanced options to best serve its clients. See some of the estimated term life insurance quotes from MetLife in the table below. 

MetLife Optional Term Life Insurance Rates
Age of InsuredRates for $150,000 Benefit
25-years-old$8.70
35-years-old$11.70
45-years-old$18.30
55-years-old$50.40
65-years-old$202.50
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As you can see from the MetLife term life insurance rates in the table above, the prices vary by age. Younger clients traditionally receive lower than average MetLife insurance quotes.

It’s important to note that, if you are working with a supplemental MetLife term insurance policy directly, you are using the company’s workplace insurance benefits. 

Many times, our employers only pay a portion of our life insurance policies. If you want more coverage, you may need to invest in MetLife’s optional life insurance as shown above. 

Shopping for MetLife Life Insurance Quotes

Now that you know approximately how much your MetLife term life quote might be, let’s discuss how you can purchase a policy through MetLife. 

According to data from Statista, MetLife, Inc., through its subsidiaries and affiliates, is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. 

See more basic details about MetLife in the overview table below.

MetLife Company Overview
MetLife FactsData
Year foundedMarch 24, 1868
CEO
Michael Khalaf
Number of employees48,000
Total sales/assets$69,620,000,000/$740,460,000,000
HQ address200 Park Avenue New York, NY 10166
Phone number212-578-2211
Company websiteMetlife.com
Premiums written$42,240,000,000
Financial standingA+ by A.M. Best
Best forStrong Financial Ratings
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If you’re wondering what company took over MetLife life insurance, remember, MetLife simply split into many smaller companies. Some policies are still sold under the MetLife name. 

As mentioned before, MetLife is now broken into many subsidiaries, so you’re likely to get personal insurance quotes from one of those smaller companies. With rates as low as $14/mo, MetLife compares to bigger companies such as Allstate, Liberty Mutual, and State Farm.

If you’re searching for a MetLife life insurance quote, you can always create an account and use your MetLife insurance login. However, if you have a specific subsidiary in mind, you might need something like the Metropolitan Tower Life Insurance company login.

We also offer free quotes directly on this page from life insurance companies that are comparable to MetLife.

If you are a MetLife agent, you can also access the site using your MetLife provider login.

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What is MetLife’s availability by state?

Whether you’re in New York or Alaska, MetLife is available for you. One of the few insurance companies that provide service in all 50 states, MetLife can help put your mind at ease with no fear of losing your company during a major move. 

MetLife also has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe, and the Middle East.

As we mentioned briefly beforehand, in 2017, MetLife separated its U.S. retail business. Almost every independently sold life insurance policy can now be purchased through one of the businesses that formed known as Brighthouse Financial. Brighthouse Financial is no longer affiliated with MetLife, and MetLife now primarily sells only workplace-insurance benefits. 

State-by-state availability of each subsidiary may vary, for example, Brighthouse Financial might not be available in all the same states as Metropolitan Tower Life Insurance Company, although both are branches that were at one point affiliated with or subsidiaries of MetLife. You may even find outliers like General American Life Insurance Company that are also affiliated with MetLife.

What is MetLife called now? Technically, MetLife is called a lot of different things, but we’ll stick with MetLife to avoid confusion. To learn more, visit MetLife’s website or the MetLife company address at 200 Park Avenue New York, NY 10166. You can also contact MetLife customer service.

MetLife Term Life Insurance

MetLife, like most life insurance companies, offers term life insurance. MetLife now only works with employers to offer different options for employees. 

The company uses Basic Term Life (employer paid), Supplemental Term Life (employee paid), and Dependent Term Life (family coverage) for workers.

The following video from MetLife explains how a term life insurance policy can benefit your family. 

The grieving process is never easy. But as you can see, what you pay upfront for your MetLife life insurance rates can lead to life-changing moments in the event of a death, like putting a down payment on a house. 

Remember, Brighthouse Financial, a MetLife insurance company subsidiary no longer affiliated with MetLife, offers guaranteed term life insurance premiums. Guaranteed Level Term (GLT) policies are renewable and convertible term life insurance which provides a level death benefit. 

GLT is available in different premium periods of 10, 20, and 30 years, with guaranteed level premiums for the full term of coverage.

See more details about these policies below.

  • GLT 10: Term life insurance with level premiums during the initial 10-year period. Premiums increase annually in years 11 and later.
  • GLT 20: Term life insurance with level premiums during the initial 20-year period. Premiums increase annually in years 21 and later.
  • GLT 30: Term life insurance with level premiums during the initial 30-year period. Premiums increase annually in years 31 and later.

These Guaranteed Level Term policies are just a few of the many insurance options offered by Brighthouse Financial, once a part of MetLife. 

MetLife Whole Life Insurance

MetLife and its subsidiaries do have an array of permanent life insurance options. However, it does appear that MetLife and its subsidiaries have a preference for universal life insurance. 

If you are unfamiliar with these two forms of permanent life insurance, you may want to research more. In short, universal life offers similar benefits to whole life but has more flexibility.

MetLife Universal Life Insurance

Looking for flexible permanent life insurance? MetLife has you covered. Whether you are shopping for workplace life insurance or searching independently, MetLife has guaranteed universal life insurance policies for you.

However, independent policies sold through agents are no longer available through MetLife, and now need to be purchased through Brighthouse Financial or a different company altogether.

MetLife offers Group Variable Universal Life and Group Universal Life insurance policies. As mentioned before, MetLife does now focus only on workplace insurance options.

MetLife Burial & Final Expense Insurance

Not long ago, MetLife introduced a no-exam life insurance policy with final expense coverage. MetLife and company have a precedent on final expense as opposed to strict burial insurance. 

This simply means that the final expense payout can be used for the burial and any other death-related expenses. Again, it is more of a convenience ordeal, as long as the death benefit lands in the right hands.

MetLife Additional Policies & Riders

MetLife offers a number of different policies and is constantly changing with the market. You can expect to find even more options for MetLife life insurance policies, but here we have a few of the company’s most popular options.

  • Acceleration of Death Benefit: Included at no extra cost. It provides a benefit if the insured is certified as terminally ill with a life expectancy of 12 months or less, although in some states the life expectancy can be up to 24 months. The rider gives the policy owner the right to request all or part of the eligible proceeds.
  • Conversion Option: Included at no extra cost. For issues aged less than 65, the policy is convertible until the end of the initial term period, or until the policy anniversary at the insured’s attained age of 70. For issue ages 65 and over, the policy is convertible for the first five policy years. Conversion can be made to those MetLife enterprise permanent life products offered at the time of conversion.
  • Disability Waiver of Premium Rider: Available with extra premium. Policy premiums will be waived if you become totally disabled as defined in the policy for a continuous period of at least six months.

As you can see, MetLife has plenty of options to suit their consumers. With many flexible policies, you should be able to find the coverage you need at a reasonable price. However, be mindful that MetLife focuses on employer-

You can likely get discounts by combining with other policies, such as MetLife auto insurance, MetLife health insurance, or MetLife dental.

MetLife Life Insurance Ratings

Wondering what is the best life insurance company? There’s no right answer here, however, it is important to know your company is financially stable enough to support you when you, or your family, is due for a death benefit.

Therefore, it always helps to know what the life insurance company ratings are for each company you quote. By understanding the scores, you can confidently be the judge and finally say if MetLife is a good insurance company for you.

MetLife boasts an AM Best Rating of an A, which has been maintained since 2016. The company also boasts an S&P Rating of A+. Both rating agencies score companies based on economic stability. 

MetLife has the financial ground to stand on. Many of these ratings will also notify you of any red flags with MetLife insurance claims.

Needless to say, the financial standing of MetLife is highly-rated and, when combined with its market share, the company can be trusted as an insurance provider. 

MetLife’s Market Share

While many people think of MetLife as a small insurance company, the company’s group actually has a very strong financial standing and plenty of assets to protect investors. According to data gathered by the Insurance Information Institute, as of 2020, MetLife tops life insurance companies by market share. 

For those that may be wondering, is MetLife going out of business? Not anytime soon. See more details about MetLife’s market share in the table below.

Top 10 Life Insurance Companies by Market Share
RankCompaniesDirect Premiums WrittenMarket Share
1MetLife$10,877,337,0006.7%
2Northwestern Mutual$10,550,806,0006.5%
3New York Life$9,385,843,0005.8%
4Prudential$9,170,883,0005.6%
5Lincoln National$8,825,314,0005.4%
6MassMutual$6,874,972,0004.2%
7Transamerica$4,867,311,0003.0%
8John Hancock$4,657,312,0002.9%
9State Farm$4,636,147,0002.9%
10Securian$4,426,864,0002.7%
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When a company controls a large portion of the market share, it proves that the company is financially stable, and will be able to close out claims regardless of if there is an economic dip or downturn. 

If you purchase a life insurance policy through MetLife, you can trust that the company is economically responsible enough to follow through on claims and policy pay-outs.

You are now an expert on MetLife term insurance quotes. Still concerned with what to expect with MetLife life insurance company? 

Find out how much life insurance will cost you by entering your five-digit ZIP code into our FREE quote tool below, and make sure you’re getting the rates you deserve.

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