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4.1 Bankrate Score Home 4.0 Auto 4.2 About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. MetLife could be a good choice for various life, health or other medical insurance policies. However, many of its options are only sold as employer-provided group insurance plans. Additionally, MetLife no longer sells auto or home insurance policies; those products are now provided by Farmers Insurance. Pros and Cons Quick Look Pros Extra benefits, including financial planning and grief counseling, are available Numerous other types of medical coverage available Cons Many products are only available as employer-sponsored plans No longer offers auto or home insurance Many life and health options are employer-sponsored Additional services like grief counseling are available MetLife is a well-known insurance brand. However, in April 2021, of MetLife’s home and auto insurance divisions. Going forward, MetLife Insurance will focus on life, health and pet insurance, as well as financial products like Health Savings Accounts (HSAs) and employer-sponsored retirement plans. MetLife life insurance could be a good choice for consumers looking for basic , or for those who have access to the company’s employer-sponsored plans. While the company’s products aren’t extensive, they may be a good fit for your needs. Bankrate conducted a MetLife life insurance review to help you decide if the carrier’s remaining products could provide the for you. MetLife life insurance coverage types
MetLife got its and has grown tremendously in the time since. Although Farmers purchased its auto and home business, Metropolitan Life Insurance Company continues to operate independently. The company provides life insurance through employer-sponsored plans and groups, but MetLife has options for individual policies, too. However, the are relatively limited. Additionally, MetLife uses numerous , so your coverage may not actually come directly from MetLife. : MetLife offers term life coverage. Some types of coverage are employer-paid, while others are paid by the employee. : MetLife offers two types of permanent life insurance coverage: group universal and group variable universal life. There is no This advertising widget is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate. The offers and clickable links that appear on this advertisement are from companies that compensate Homeinsurance.com LLC in different ways. The compensation received and other factors, such as your location, may impact what ads and links appear, and how, where, and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available to you as a consumer. We strive to keep our information accurate and up-to-date, but some information may not be current. Your actual offer terms from an advertiser may be different than the offer terms on this widget. All offers may be subject to additional terms and conditions of the advertiser. Compare life insurance providers quickly and easily
See which provider is right for you. The amount of coverage you need depends on many factors, including your age, income, mortgage and other debts and anticipated funeral expenses. Whole life insurance combines life insurance with an investment component. Coverage for life Tax-deferred savings benefit if premiums are paid 3 variations of permanent insurance: whole life, universal life and variable life include investment component Term life insurance is precisely what the name implies: an insurance policy that is good for a specific term of time. Fixed premium over term No savings benefits Outliving policy or policy cancellation results in no money back Find matches Powered by HomeInsurance.com (NPN: 8781838) This advertising widget is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate. HomeInsurance.com LLC services are only available in states where it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Bankrate Why Lemonade? It's a fresh twist on life insurance: easy, accessible and affordable. See more providers in Choose from insurers in Show More MetLife life services
In addition to life insurance, MetLife also offers additional services to its members. Beneficiaries may be able to take advantage of the company’s to help foster a sense of stability when a loved one passes. The company also offers funeral discounts, funeral planning services, will preparation services and transition planning. Other MetLife perks worth considering
MetLife’s product offerings are more limited as it no longer sells personal lines insurance coverage, but you may be interested in a few of its additional offerings: Dental insurance Vision insurance Pet insurance Accident insurance Hospital indemnity insurance Critical illness insurance Cancer insurance Disability insurance Retirement solutions MetLife life insurance customer and claims satisfaction
Metropolitan Life Insurance Company is ranked about average with several third-party reviewers. gave the carrier a below-average score of 756/1,000 in the 2021 U.S. Individual Life Insurance Study. The study looked at customer satisfaction in six key areas: the application process, communication, customer interaction, price, product offerings and statements. However, MetLife receives a lower-than-average complaint index score from the . The life insurance company received a , which means that the NAIC records a slightly lower-than-average number of complaints for MetLife’s service. Finally, MetLife boasts an A+ (Superior) financial strength rating from . Although not the highest rating, this does indicate that MetLife is financially sound and has historically been able to handle a large influx of claims. MetLife corporate sustainability
MetLife could be a great option for consumers who are looking for companies with strong social responsibility programs. Since 1976, the MetLife Foundation has to help strengthen communities. The company is also focused on sustainability, winning numerous awards for its . Finally, MetLife is focused heavily on , outlining priorities to help foster a more diverse environment. Not sure if MetLife is right for you Consider these alternatives
Finding the right life insurance company for your needs involves doing some research to see which carriers closely align with your situation. If you’re not sure if MetLife is right for you, these companies could be good options: : If you’re looking for universal life coverage, Nationwide could be a good fit. The carrier offers high coverage limits and highly customizable policies that could fit a wide range of needs. : If you need whole life insurance, which MetLife does not offer, MassMutual could be worth a look. The company has the highest AM Best financial strength rating possible and a long list of whole life insurance riders for personalization. : The insurance behemoth could be a great choice for term life insurance customers. Additionally, the availability of local offices may be appealing to those who like to handle their insurance needs in person. Compare rates and save on auto insurance today! Get quotes Close X On This Page
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