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Established in 1868, MetLife has over 150 years of experience in the insurance industry. They operate in around 50 countries and have over 100 million customers around the world. They have an A+ rating from Standard & Poor and an A from A.M. best and Fitch. These ratings show how financially stable the company is and how much assets they have, thus they can easily payout death benefits without any issues. MetLife offers various insurance products.
MetLife offers term life policies for a term between 10 and 30 years. You can easily qualify for a term life policy without a medical exam. This makes MetLife’s term life policy perfect for people who want quick coverage. But if you want more coverage, you will need to take a medical exam and share your medical history. The table below shows the coverage and term length with respect to your age.
MetLife offers level premiums for the initial term of the policy. After the initial term expires, you can opt for annual renewable coverage. What this means is, suppose you purchase a 10 year term policy that has a premium of $11. For the first 10 years, you pay $11 every month. When the 11th year starts, you premium goes up depending on your age. You cannot extend your coverage after you are 95.
MetLife offers an accelerated death benefit rider, free of cost with its term life policies. You can also purchase an accidental death rider with your term life policy.
MetLife offers between $100,000 and $1 million in coverage for their permanent life insurance policies.
MetLife offers a graded burial insurance policy, this means unless you pass away two years after the policy, your beneficiaries will not receive the full death benefit. Their burial insurance may be right for you if you are terminally ill or hospitalized.
With a universal life policy from MetLife, you have greater control over how your cash value is invested.