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MetLife Life Insurance Reviews 2017 [Top tips and sample rates]

MetLife Life Insurance Reviews

Many times we purchase a product because it has a good brand name. And while there is something to be said for a solid reputation, it does not make sense to pay a premium for a product when an alternative is just as good. In March 2017, Metlife introduced a new company for the retail side of its life insurance, Brighthouse Financial.

At TermLife2Go, we work with dozens of top rated best life insurance carriers, including MetLife. We focus on finding the niches that the various companies cater to and aligning our clients with the right company that meets your need. Give us a call today to see if MetLife is the best choice for you.

2017 Review of MetLife Life Insurance

If you are looking for MetLife Life Insurance Reviews then you have come to the right place. In this review of MetLife Life Insurance we will discuss the pros and cons of Metropolitan Life. We will also provide our recommendation to current and prospective clients of Met-Life.

MetLife Life Insurance Reviews 2017

PROS for MetLife

MetLife’s A.M. Best Company Rating

Any good MetLife Insurance review will begin with the company’s financial strength as determined by A.M. Best, the premier ratings agency for life insurance. Best gives MetLife Insurance an A+ rating, or “Superior”. This means that Metropolitan Life Insurance Company has superior financial strength among its competitors. Therefore, if you are currently with MetLife you are in good hands. The company is on solid financial ground, meaning it can meet its financial obligations, such as paying out a claim on life insurance.

As of January 12, 2016, MetLife stated that the Company plans on breaking off part of its business that sells life insurance to U.S. households. This is a strategic move by Metropolitan Life that will allow it to streamline its life insurance division.

MetLife Life Insurance Products

In this section of our MetLife Life Insurance Review we will be discussing the large array of life products offered by Metropolitan Life Insurance Company.

MetLife Life Insurance Products Include:

Term Life Insurance

MetLife offers a simplified issue (think no medical exam) term life insurance policy* for face amounts under $100,000. There are distinct advantages to choosing no medical life insurance verus a fully underwritten policy that does require an exam. The paramount advantage when considering exam versus no exam is that if you have not had a physical in a few years then not taking an exam may actually save you money.

No exam protection is an excellent option when you are faced with having to get life insurance fast for a divorce decree or SBA loan insurance. However, for those who do not need immediate coverage, taking an exam does offer the potential of securing less expensive coverage, such as for key man life insurance.

For face amounts over $100,000, MetLife offers fixed term life insurance where the premium and face amount stay the same over the life of the policy. 10, 15, 20 and 30 year term lengths are available depending on age.

*Please note: The premium on MetLife’s simplified issue term policy will increase every five years.

Sample MetLife Term Life Insurance Quotes

Rates are for a 35 year old male at a preferred plus non-tobacco rate class as of January 2015. Rates are subject to change and must be qualified for.

Face Amount 10 Year 20 Year 30 Year
$500,000 $14 $24 $47
$1,000,000 $23 $43 $89
$2,500,000 $48 $98 $213
$5,000,000 $91 $190 $420

Please enter your info below to check out MetLife life insurance rates, as well as rates from dozens of other carriers.

Permanent Life Insurance

Permanent life insurance is great for anyone who needs to lock into protection for the rest of your life. For example, permanent coverage is a superior choice for business succession with buy sell agreements or for estate planning with life insurance.

MetLife is a great company for anyone considering either a whole life or universal life policy. On face amounts ranging from $100,000 to $1,000,000, MetLife offers a special Enhanced Rate Plus Program on its Promise Whole Life Select and Premier Accumulator Universal Life.

Enhanced Rate Plus Program

The program offers the two products mentioned above without the need for a medical exam, blood draw, or urine sample. Essentially, it is no exam whole and universal life insurance. Instead, the potential insured submits a tele-app which includes a phone interview with a representative of MetLife’s call center.

Whole Life Insurance

The Company’s Whole Life Insurance provides:

  • a guaranteed death benefit,
  • guaranteed fixed premium for the life of the policy, and
  • guaranteed cash value accumulation.

And although not guaranteed, MetLife has paid dividends to qualifying whole life policyholders for over 100 years.

What to do with dividends? You can:

  • Purchase paid up additional life insurance
  • Receive as cash for whatever you choose
  • Reduce or eliminate premium payments

At TermLife2Go, we strongly recommend using participating whole life insurance if you plan on practicing infinite banking.

Universal Life Insurance

MetLife Universal Life Insurance provides flexible options to a traditional whole life insurance policy. The Universal Life policy offers the cash value associated with a whole life policy with additional riders and features that can greatly enhance any retirement portfolio. But if you are considering Indexed Universal Life you will need to look elsewhere.

Another option is survivorship or second to die life insurance that is set up between spouses. The policy pays out when the 2nd spouse dies, greatly decreasing the cost of the insurance.

Final Expense Life Insurance

MetLife’s Final Expense Life Insurance policy provides guaranteed coverage, with no medical exam or health questions.

This burial life insurance policy is available for ages 45-75. The policy comes with a two year graded death benefit, meaning the full face amount will not be paid out until after two full years.

All in all, Metropolitan life insurance company  provides all the life insurance products that any client seeking life insurance would need.

MetLife Underwriting Niches

In this part of our MetLife life insurance company review we will discuss MetLife’s niches, or in other words, the areas where MetLife outshines the competition. These are the areas that help MetLife stand out as one of the most affordable life insurance companies in the United States.

MetLife has been very good about insuring active military. Another area where MetLife excels is insuring clients who have type 1 Diabetes and type 2 diabetics. Therefore, if you are an active duty military or suffer from type 1 or 2 Diabetes, MetLife might be the company for you. The reason we stress the word might is that there could be a superior company for military members or type 1 diabetics so we caution you against applying with just one company.

MetLife also has some awesome underwriting in regards to blood pressure, especially for older clients. For someone age 55-69, a blood pressure reading of 140/85 will still qualify for MetLife’s Elite Plus rate class. And for a standard rate class, a blood pressure reading of 170/90 will still qualify.

MetLife has other niches, such as life insurance for marijuana users. But the point we are trying to make is that we understand this company. However, we represent dozens of top rated life insurance carriers. Therefore, don’t just settle on this one company but let us direct you to the best company at the best price for your specific scenario.

CONS for MetLife

Price

Let’s face it, for most people shopping for life insurance online, price is king. And if you are searching for MetLife Life Insurance Reviews, you are probably an online life insurance shopper. So one huge question you are asking is, where does MetLife Insurance compare regarding price?

Met-Life typically comes in somewhere in the lower end of the top 10 companies for price. For example, a 40 year old male in perfect health looking for a $500,000 20 year term policy would pay $414 a year with Metropolitan Life. However, that is over $60 more than the top company. Over 20 years, going with MetLife would cost $1,200 more.

That being said, you never really know how its going to turn out which is why one should always consider MetLife as a serious contender when shopping for life insurance.

One Company versus Dozens of Companies

As other MetLife Life Insurance Reviews have probably mentioned, going with one company, (even a great company life MetLife), really limits a consumer who is shopping for the cheapest life insurance available. For example, MetLife does not offer a 25 year term for 60 year old clients. However, there are a few companies that do.

Rather than limit your options to one company, the better choice is to choose an agency that works with dozens of companies. Give TermLife2Go a try and let us look through all the companies we represent to make sure you are getting the best company at the best price.

Recommendation

Consider your options

If you are truly seeking out the best company for your specific situation, than you need to consider other options besides Met-Life. In a lot of situations Metropolitan Life Insurance Company may be the best option for life insurance. However, without seeking out alternatives to this company, you may be taking an inferior offer for life insurance. And as a result, you could end up paying thousands more for life insurance over the life of the policy.

Instead of applying exclusively with MetLife, give TermLife2Go an opportunity to win your business. We will be able to ask a few pointed questions on your health and lifestyle that will help us direct you to the best company at the best price. That way you know that you are going with the best deal on life insurance available.

About TermLife2Go

We do not favor one life insurance company over another. Instead, we find out what you need and then we recommend the lowest priced, best life insurance company to meet your specific need. Therefore, if price matters to you, give us a chance to earn your business. We are here to serve you!

For a free life insurance consultation and for free quotes from MetLife and dozens of other top rated life insurance companies, please call us today.

Thank you for reading our article, MetLife Life Insurance Reviews. If you have any questions please leave a comment below.

21 comments… add one
  • Maryann I

    This burial insurance is for my aunt she is in very good health and is 85 years old I just need to cover a burial insurance

    • Maryann I,

      Sounds good, just give us a call when you have a chance and we’ll see what we can do for you!

      Thanks,

      TermLife2Go.

  • I need to request all appropriate paperwork and forms to facilitate filing a claim for the death benefit for ******for ******. Please respond via my e-mail. I have tried several times by US mail and have received no response. Thanking you in advance for your help and consideration to this very important matter.

    • Hi Pat,

      We are not MetLife. You can contact the company directly at 1 (800) 638-5433.

      Sincerely,
      TermLife2Go

  • cg

    I want to get additional life insurance for my dad, he is 65 years old. My question is am I able to do this if I live in New Mexico and he lives in California. He is in good health but does have a marijuana card for anxiety. Will life insurance cover the use of marijuana and me living in another state then he does?

    • Cg,

      Living in a different state shouldn’t be an issue when it comes to helping your father secure an additional life insurance policy. The real trick will be finding a policy that he can qualify for at an affordable price.

      To help you do this, why don’t you just give us a call when you have a moment and we’ll see what we can do.

      Thanks,

      TermLife2Go.

  • BP Smith

    My mother has a 10k term policy with MetLife. Is that enough to cover final expenses? Would her beneficiary be paid the full amount or would it be taxed?

    • BP,

      Burial prices can vary greatly from region to region especially depending on exactly what type of service you would like. One thing you might consider doing is giving a local mortuary a call and see what they quote you.
      As for the tax ramifications regarding your policy, you would want to consult with an account for that. In general, your life insurance company will pay you the full amount. Whether or not you would need to pay taxes on that on a later date, we wouldn’t want to say one way or another (we’re not tax experts).

      Thanks,

      TermLife2Go.

  • If my brother has cancer and probably won’t live long will the police still be paid

    • Vera,

      Without being able to read your brother’s policy it would be impossible for us to be able to answer this question responsibly. If you have access to the policy, why don’t you give us a call or if the policy is held by MetLife, just give them a call and ask them the status of your brothers policy.

      Thanks,

      TermLife2Go

  • This is my first time getting insu… need an agents to contact me thanks.

  • jim

    I have no life insurance. I am 67 and dont want to leave a bundle of expenses. I dont understand the final expense policy. If for some reason i was yo die before two years of getting a policy, does that mean my family gets nothing and that money i paid in is gone?

    • Jim,

      Many but not all final expense policies will have what it called a “Graded Death Benefit”. This is a clause that states that should the insured (meaning you) die from NATURAL CAUSES during a certain period of time immediately after purchasing your life insurance policy (typically 2 to 3 years), the life insurance policy will not pay the death benefit (the insurance coverage amount).
      Insurance policies that contain a “Graded Death Benefit” are typically called Guaranteed Issue life insurance policies and will not require you to take a medical exam or answer any health related questions.
      For this reason, insurance companies add the “Graded Death Benefit” clause to their final expense policies so that they can avoid insuring someone who is simply days away from dying from a natural cause (heart attack, cancer, stroke, etc, etc…)
      Now, since nobody can predict an accidental cause of death such as a slip and fall, motor vehicle accident, victim of crime, etc, etc… these types of deaths would be immediately covered without needing to survive beyond the 2 or 3 year waiting period (the graded death benefit).
      Additionally, most final expense life insurance policies will also have written language about what happens should someone die from natural causes during the “Graded Death Benefit Period”. In most cases the full amount of premium that you have paid to the life insurance company will be returned in full and in some cases additional interested will be added on to the refunded amount.
      Now as you’ve noticed, we’ve used a lot of phrases like:
      – in most cases,
      – will typically offer
      – or usually have
      We use these types of phrases simply because each life insurance company is different and unique which is why we recommend that you just give us a call first thing Monday morning at which time we can review all of your options in greater detail.

      Thanks,
      TermLife2Go.

  • Andy

    Hello!
    My mother passed away from Cancer. She had $10,000 MetLife Life Insurance. She was 55 and had the policy less then a year. My question is will they pay out on her policy?

    • Andy,

      We here at TermLife2Go are very sorry to hear about your mothers passing and wish both you and your family the very best.
      As for whether or not the life insurance policy that your mother had, will in fact pay out, it will largely depend on the “type” of insurance that she purchased as well as whether or not it contained what is call a “graded death benefit” period.
      The good news is that MetLife is an excellent insurance company, which means that you shouldn’t have any problem determining whether or not there will be coverage for your mother’s passing simply by contacting MetLife Insurance directly. MetLife Claims department can reached at 1-800-MET-LIFE (1-800-638-5433).
      Sincerely,
      TermLife2Go

  • Rao

    Hi,
    I am interested to take $4,00,000 and 20 year Term life insurance policy from MetLife. My Question is it compulsory to take Health Insurance policy for myself. can u please explain What Details They need it Before to take Term Life insurance policy.

    • Rao,

      We’re not exactly sure what you’re asking here in your question, so it would probably be best for you to give us a call.
      What we can tell you for sure is that if you choose to purchase a Met Life Term Life Insurance policy with us here at TermLife2Go, it will NOT BE combined or contingent on you choosing to purchase any other type of insurance.

      Thanks,

      TermLife2Go.

  • Jessica Turner

    I’m looking for term life insurance for both of my parents . I’m only child and I need some peace about this . But I need something I can afford .

  • Christine Condon

    I am looking for life insurance for my husband. That is no longer being covered on my employers insurance at work. I live in Cleveland, NY.

    • Christine,

      We get these types of requests all the time, just give us a call and we’ll see what we can do for you!

      Thanks,

      TermLife2Go

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