UPDATED: Jul 27, 2020
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|Year Founded||March 24, 1868|
|Number of Employees||48,000|
|HQ Address||200 Park Avenue New York, NY 10166|
|Financial Standing||A+ by A.M. Best|
|Best For||Strong Financial Ratings|
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. Do I need term or universal life insurance? Do I use the same riders for each insurance policy? We know there are already a ton of swirling questions to answer while shopping for life insurance.
On this page, we analyze MetLife Insurance Company USA to help simplify the best and worst qualities of Metlife life insurance company so you can focus on what means the most to you.
By the end of this, you should be ready to move on with a MetLife policy, or, before learning more about MetLife Insurance Company USA, use our FREE quote tool to provide you the best term life insurance resources, based on your needs.
Shopping for MetLife Life Insurance Quotes
According to Statista, MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), 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. If you’re wondering what company took over MetLife life insurance, they’re simply split into many smaller companies.
As mentioned before, MetLife is broken into many subsidiaries, so you’re likely to get 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 life insurance through MetLife, you can always create an account and use your MetLife insurance login to get a quote. If you have a specific subsidiary in mind, you might need something like the Metropolitan Tower Life Insurance company login. Or, we offer free quotes directly on this page for MetLife and comparable life insurance companies.
If you are a MetLife agent, you can access the site using your MetLife provider login.
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 provides in all 50 states, MetLife can help put your mind at ease with no fear of losing your company during a major move. MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.
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 of MetLife. You may even find outliers like General American Life Insurance Company that are also affiliated with MetLife.
What is MetLife called now? A lot of things, but we’ll stick with MetLife. 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 using the number in the table above.
MetLife’s Life Insurance Policies
Does MetLife have life insurance policies? 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℠. MetLife also has some more advanced options to best serve its clients, as outlined below.
|Age of Insured||Rates for $150,000 Benefit|
It’s important to note that, if you are working with MetLife directly, you may be 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. With many subsidiaries, did MetLife change its name?
Term Life Insurance
MetLife, like most life insurance companies, offers term life insurance. MetLife commonly works with employers to offer different options for workers. The company uses Basic Term Life (employer paid), Supplemental Term Life (employee paid), and Dependent Term Life (family coverage) for workers. We can help you understand each MetLife insurance policy.
Brighthouse Financial, a MetLife insurance company subsidiary, 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 — 10, 20 and 30 years — with guaranteed level premiums for the full term of coverage.
- 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 MetLife.
Whole Life Insurance
MetLife does have an array of permanent life insurance options. It does appear that MetLife and their 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.
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.
MetLife offers Group Variable Universal Life and Group Universal Life insurance policies. As mentioned before, MetLife does emphasize workplace insurance options.
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 a 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 consistently 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 (24 months in some states) or less. 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 issue ages less than 65, the policy is convertible until the earlier of the end of the initial term period or the policy anniversary at the insured’s attained age 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. 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
MetLife boasts an AM Best Rating of an A as of 2016. They also boast an S&P Rating of A+. Needless to say, MetLife is highly-rated and, when combined with their market share, should be trusted as an insurance provider.
It always helps to know what life insurance company ratings are for each company you quote. You be the judge, is MetLife a good insurance company?
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. MetLife has the financial ground to stand on. Many of these ratings will also notify you of any red flags with MetLife insurance claims.
MetLife’s Market Share
While many people consider MetLife a small insurance company, the company’s group has a strong financial standing and plenty of assets to protect their investors. 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.
|Rank||Companies||Direct Premiums Written||Market Share|
|3||New York Life||$9,385,843,000||5.8%|
Still concerned with what to expect with MetLife life insurance company? Use our FREE quote tool above to make sure you’re getting the rates you deserve.