Policy Benefits and Flexibility:  

MetLife’s premiums are routinely lower than the competition’s. This is true across the board for smokers, the elderly and families, but their premiums stand out as the best bargain most for term life insurance. MetLife’s term insurance covers policy holders for a specific period of 10, 15, 20 or even 30 years. In the event of a policyholder’s death, MetLife pays out a death benefit to the beneficiaries of the policy. MetLife term life insurance covers anywhere from a few thousand dollars up to multiple millions—the payout potential of term insurance with MetLife increases with higher premiums.

The primary advantage of MetLife’s whole life insurance policies centers on the cash value growth potential. Premiums are considerably higher than for term life insurance but are guaranteed not to increase. Whole life insurance includes a death benefit payout and the possibility of dividends which add to the value of the policy.

MetLife has two different universal life insurance policies—universal and variable universal. Both policy types feature lifetime coverage, cash value and income replacement payouts for beneficiaries. Ultimately, the variable universal life insurance policy functions as a financial investment as well as life insurance coverage. Variable universal life insurance accrues cash value as incorporated stocks and bonds mature. Both universal life policies are flexible in terms of premiums and cash withdrawal, however, the variable policy is slightly more risky as it is tied to the fluctuations of the market.

Survivorship insurance covers a couple and pays out death benefits regardless of who passes first. MetLife offers competitive premiums and long term care options with their survivorship life insurance.