MetLife life insurance is the largest life insurance company in the world. It’s also one of the most recognizable brands in the insurance industry. This article will review the pros and cons of MetLife, and provide information for consumers who are considering this company for their life insurance needs.
- Who Is MetLife Insurance ?
- What Are The Advantages of MetLife Life Insurance ?
- What Are The Disadvantages of MetLife Life Insurance ?
- How To Contact MetLife Insurance ?
Who Is MetLife Insurance ?
MetLife is an international company based in New York City. They were founded in 1899, and currently operate in 50 countries around the world. MetLife sells their insurance policies in the US, the UK, South Korea, Hong Kong, and more.
What’s the MetLife 2020 Life Insurance Policy? The MetLife 2020 life insurance policy is an optional life insurance product that provides insurance coverage for a range of risks related to an individual’s life. Its main purpose is to provide coverage for disability or death, which allows policy holders to pay a guaranteed amount for a number of years after the insured’s death. MetLife 2020 is the name of the optional life insurance policy that MetLife offers.
What Are The Advantages of MetLife Life Insurance ?
MetLife has some advantages for life insurance consumers. For instance, MetLife has been rated “A-” by A.M. Best, which means that the insurance company has an “A+” financial strength rating and is deemed “Strong” under the company’s current insurance subsidiaries. MetLife Life is also a preferred life insurer through the Life Insurance Council. The Life Insurance Council has rated MetLife’s life insurance as the best in its industry, and the second-best in the country.
MetLife also has an industry-leading customer service score, which is based on the following factors: Resistance to third-party claims, and first time callers are met with a message that leads them to contact a real person. MetLife’s service scores are higher than any other insurance company listed on PolicyGenius.
What Are The Disadvantages of MetLife Life Insurance ?
MetLife offers term life insurance with an average coverage term of 30 years, no surrender charge, and no premium increase for 5 years. The company is great for those who want a life insurance plan with a low cost of insurance and high coverage with no life-limiting coverage. But for others, the cost of the policy could make the policy unaffordable.
MetLife’s cost of insurance may be one of the disadvantages of this insurance. Each MetLife policy has a flat $1,000 per month premium, which is a fixed amount regardless of the annual cost of insurance. Many people pay around $300 per month for a policy of a similar duration to the MetLife plan. If you pay $300 per month for your MetLife policy, you will have to pay $30,000 for a $1,000,000 annual value policy.
How To Contact MetLife Insurance ?
According to the MetLife website, consumers can contact MetLife’s 800 number for life insurance information, or you can visit a local MetLife branch. MetLife has about 3,000 offices in the United States. MetLife provides several types of life insurance, and it plans to offer more types in the future. They offer the following types: Life Insurance Cancer Insurance Cancel Before Adulthood Child’s Life Insurance Parents’ Life Insurance Student’s Life Insurance Retirement and Long Term Care Insurance Long Term Care Insurance All of these policies are designed to give you life insurance in an affordable way that’s easy to use. MetLife will help you select the right insurance and also will assist you with the paperwork and record-keeping aspects of the life insurance.
For more life insurance reviews, check out Northwestern Life Insurance Reviews.