MetLife Life Insurance Review

There are only a handful of life insurance companies that offer the instant recognition in a commercial based on the mascot or characters that are displayed and MetLife Life Insurance Company is one of them. With their long attachment to Charlie Brown and his friends, MetLife is a company that everyone knows.

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There are a lot of insurance companies that make the claim that they are larger than other insurance companies. However, when it comes to life insurance, there are no other companies that can touch MetLife. In 2009, MetLife insured over 70 million customers and that number continues to grow today.

People have trusted MetLife for all of their insurance needs for a number of years. In fact, MetLife has been providing insurance since 1863, although their name has changed dramatically over the years as they began with the name National Union Life and Limb Insurance Company.

While MetLife offers other insurance options such as auto insurance, dental insurance and more. It is life insurance that has put their company on the map. Companies like State Farm, Progressive and Geico control the market when it comes to auto insurance, but they can’t touch MetLife’s life insurance market.

When you visit the MetLife website, you will find that it is clean, simple and easy to use. The page buttons are easy to find and easy to connect with the page that you really want to reach.

Their descriptions of their products are wonderful, easy to understand and clearly meant to make it easy for someone who isn’t too familiar with life insurance to get the answers that they need.

Each type of insurance that they offer provides you with an overview, specific details and then a FAQ section based on that specific product. This ensures that you don’t have to wade through dozens of other questions that don’t apply to the product that you are interested in learning about.

MetLife Life Insurance Review of Products

MetLife offers term life insurance, whole life insurance, universal life insurance, variable life insurance, and survivorship life insurance. Having this variety ensures that no matter what your needs are, you are sure to find an insurance product that meets them.

Some of the products, such as term, whole and universal life are standard offerings that you will find at any life insurance company. Variable life, however, is a policy that uses your premiums to invest in the stock market. Your benefit to your family is based on how well the market is performing.

Survivorship life insurance is a policy that has two names on it.

Typically, this type of policy is purchased by a husband and a wife, or partners. This type of policy is designed to leave a legacy to someone else rather than your spouse or partner. When the last person on the policy dies, the benefit is then paid out, not before.

This type of policy isn’t for everyone and is designed to provide estate funding for those that inherit everything after both policyholders die, or simply as an inheritance for the beneficiaries. Typically, you can purchase a larger benefit amount for less money if you have a joint policy.

MetLife Life Insurance Company Financial Outlook

Even though MetLife is such a well recognized name in the insurance world, you might be surprised to learn that independent ratings companies Moody’s and Standard & Poor’s have both given MetLife a negative outlook for their financial future.

According to the Moody’s report, MetLife currently has more policies out than they can cover financially. While there is a history of continual financial strength, for the past two years MetLife has had trouble meeting their obligations. It is thought to be a direct result of the failing economy, so a turn in the economy could easily equal a better outlook.

Despite the not so great future outlook, MetLife has scores of A+ with A.M. Best, AA- with Fitch, Aa3 with Moody’s, and AA- with Standard and Poor’s. These are not terrible rankings; the concern, however, is the dip in rankings in recent years.

It is very likely that MetLife will make a strong recovery, and soon, but you will want to consider whether this is the place where you want to invest your money.

MetLife Insurance Company Review and the Bottom Line

The bottom line is that MetLife has a long and strong record of stability and excellent customer service. In fact, in their customer service survey last year, MetLife receive high marks in every area except for auto insurance.

You need to take into consideration their financial status before you buy, however. You don’t want to spend your money in a place that can’t pay you back, so to speak.

You can give yourself some more choices by using our FREE quote tool. By entering your ZIP code, you can get multiple life insurance quotes right now!