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Metropolitan Life Insurance
Company Review
With a new look and a new business focus, Metlife insurance aims to grow as a customer-focused company. Long associated with the character "Snoopy" as its mascot, the company came aboard with a new logo in 2016. This new logo featuring a simple "M" is a reflection of MetLife's partnership with its customers. The tagline, “Metlife, Navigating life together" signals the message of trust and long-lasting relationships with their customers.
Metropolitan Life Insurance
- 200 Park Avenue
Manhattan, New York 10166
Advantages of Metropolitan Life Insurance
With lots of other life insurance companies out there, why would you choose Metlife? Here are some of the areas where Metlife stands out:
- Metlife provides excellent coverage for clients with Type 1 and Type 2 diabetes.
- The company also boasts superior underwriting policies in regards to blood pressure, especially for older clients.
Metlife also has other niches where it outshines the competition, such as life insurance for marijuana users. It’s specializations are where this company shines. It’s no medical exam policies are extremely competitive and make coverage secure and affordable for older individuals as well as individuals with pre-existing conditions. With no medical exam policies, approval is fast and painless, only requiring a few health-related questions.
Disadvantages of Metropolitan Life Insurance
While Metlife has above-average no medical exam policies, it does not offer any other options. In the past, it had a wider range of products, but it has since been reduced to only simplified issue term products. This limitation makes it ideal for those with pre-existing conditions or senior clients, but not for younger and healthier individuals, as no medical exam policies have much higher premiums than other policies and there is no way to lower the premiums through a medical exam. Also, individuals who smoke may find the premiums to be unreasonably high.
However, other products are available through a new company Metlife created called Brighthouse Insurance. Brighthouse offers both regular term and universal life insurance policies.
Available Products
Metlife No-Exam Term Life Insurance:
The company offers only one life insurance product to individuals under the name of Metlife Rapid Term Life Insurance. With this policy you can:
- Buy coverage up to $500,000
- Avoid the medical exam. You will only be asked a few health-related questions, and the decision will be made in days instead of weeks.
- Choose a term that fits your needs with 10, 15, 20, 25, or 30-year periods.
- Buy policy online or by phone.
Other types of term life insurance products by Metlife are offered only through a workplace and not on an individual basis.
Available Riders
The no medical exam policies through Metlife all can have an accelerated death benefit rider as well as an accidental death rider. Accelerated death benefits allow you to access your death benefit during your life in the case of a terminal illness diagnosis. Accidental death will provide an additional death benefit if you, the policyholder, are killed in an accident.
Metropolitan Life Insurance Ratings
Strong ratings show financial strength and reliability. Metropolitan life insurance company boasts superior ratings from an agency like A.M Best. This clearly reflects that the company is on solid financial ground and can meet its financial obligations if needed.
| Agency | Rating | Description |
|---|---|---|
| A.M. Best | A+ | Superior |
| Standard & Poor´s | AA- | Very Strong |
| Moody´s | AA3 | Excellent |
| Fitch | AA- | Very Strong |
Conclusion
Ultimately, Metlife’s products are only meant for older clients and clients with pre-existing conditions such as diabetes or heart health issues. High-risk customers will find competitive pricing and excellent coverage options with their no medical exam plans. However, healthy customers would be better served by a different company with more options.
For many, the process of choosing a life insurance company may seem a bit overwhelming, but we are here to make it easy for you. With our free life insurance quote generator, in only five minutes, you can obtain the best possible rates from the best life insurance companies. But choosing the right company is only part of the process. Our insurance agents can assess your health and financial situation to help you decide what type of policy to purchase, how much coverage to get, and much more. Contact us today to get started.
