MetLife Life Insurance Review

History, Financial Ratings, & Policies Available
MetLife life insurance company logo

Contact information for MetLife:

One Madison Ave
New York, NY 10010

About MetLife Insurance Company

Metlife is a juggernaut in the life insurance industry. They have been for a long time.

As a matter of fact, Metlife has been in operation since 1863 making it one of the longest-standing life insurance companies in the world.

MetLife Life Insurance Company History

The origins of Metropolitan Life Insurance Company (MetLife) go back to 1863 when a group of New York City businessmen raised $100,000 to found the National Union Life and Limb Insurance Company.

Metlife life insurance was originally set up to protect and help soldiers and sailors that were suffering from injuries they faced from the Civil War.

After a few original years in the industry, Metlife was taken over by James R Dow who changed the company name to Metropolitan Life Insurance Company in 1968.

It didn’t take long for Metlife to show it’s dominance in the life insurance industry. By 1909, Metlife was recognized as the largest life insurance company in the United States.

Even today, Metlife continues to be one of the largest and most successful life insurance companies in the United States.

Metlife Financial Strength and BBB Ratings

Metlife leaves consumers having nothing to worry about when it comes to financial strength ratings.

Currently, Metlife is perhaps one of the top 3-5 life insurance companies when it comes to financial strength and total assets.

Currently, Metlife is boasting A+ ratings or top ratings from A.M Best, Fitch, Moody’s and Standard and Poors.

These are the 4 rating agencies who focus on showing the financial strength for insurance companies across the country.

These are the highest ratings you can be provided so it’s easy to see that Metlife is a financial juggernaut and has no intentions of ever being anything but that.

Metlife Life Insurance Products Offered

Currently, Metlife offers roughly the same life insurance products that you will find with any of the major life insurance companies in the country.

Their product lineup looks like this.

  • Term Life Insurance
  • Whole Life Insurance
  • Universal Life Insurance
  • Guaranteed Issue Life Insurance

Metlife Term Life Insurance

Metlife term life insurance is offered in the common durations such as 10, 15, 20 and 30-year term durations where you can choose to keep your premiums level and have protection during this specific time period.

Metlife currently offers term life insurance in the following formats.

  • One Year Term Life Insurance
  • Level Term Life Insurance
  • Simplified Issue Life Insurance (No Exam Life Insurance)

Level term life insurance is by far the most popular choice but certain scenarios do absolutely present themselves when a one-year term life insurance or no-exam life insurance policy may make the most sense for you and your family.

Metlife Permanent Life Insurance Products

Metlife also offers a good range of permanent life insurance products.

Whole life is never a bad choice and gives you the option to be covered for life. Additionally, whole life insurance can even begin to grow cash value over the course of time.

Metlife currently offers traditional whole life insurance and guaranteed issue whole life insurance.

Both of these can be viable options to ensure you don’t leave any final debts or remaining issues on your families hands if something did happen to you prematurely.

Guaranteed acceptance or guaranteed issue whole life insurance is also overlooked by many individuals who are in need of life insurance coverage but can’t get through traditional underwriting guidelines due to health.

Most of these policies will have a waiting period attached to the policy itself but it’s still a great option to consider if you have been declined in the past for traditional term or whole life insurance.

Metlife Remains One of the Strongest Life Insurance Companies in the Industry

It’s hard to have much to say that would be considered negative about Metlife Insurance Company.

They have been around for over a century and offer affordable products. Additionally, they have the financial stability and product lineup to offer coverage to a wide range of individuals.

However, at Spectrum Insurance Group, we always recommend that you avoid tunnel vision.

You need to be comparing rates with all life insurance companies. This is easy to do and you can simply use the free instant quote form on this page.

Don’t overpay for your life insurance and keep all of the options open.