MetLife Life Insurance Review

MetLife life insurance is only available via your employment. It’s a good idea to look into your employer-provided insurance policies if they are available. MetLife is a wonderful alternative for everyone because of its inexpensive prices, simple application, and special attention for high-risk individuals including the elderly and smokers. It’s possible that if you’re in good health, you can find better deals elsewhere.

Pros and Cons of MetLife Group Life Insurance

Pros

MetLife Life Insurance Review - MetLife Life Insurance Logo
  • Simple application submission method Discount for groups
  • Everyone, regardless of health, is eligible for the low rates.

Cons

  • A phone interview is mandatory.
  • Unreasonably high premiums even for healthy individuals.
  • Riders are limited in their availability.

MetLife group life insurance rates

MetLife’s pricing structure is not available online, although they do take into account the following elements when calculating the price of life insurance:

  • All demographic information, including gender, age, height, and weight, must be provided.
  • Health, including factors such as smoking habits and employment with a high risk level
  • Life insurance premiums increase with age. The cost is also affected by the level of protection you choose. There is a big difference in cost between term and permanent insurance.
  • To get an idea of how much you’ll pay for insurance, check out the examples below for a 20-year term coverage for an individual in great health.

What affects my rate with MetLife?

As long as you’re between the ages of 18 and 85 and in good health, you can receive insurance. However, in order to get the best possible rate, one must be in perfect health. When estimating your interest rate, you’ll need to take into account the following factors:

  • Age. On average, the younger you are and the less likely you are to file a claim, the lower your insurance premiums will be.
  • Drinking or smoking. Insurers will raise your premiums regardless of whether or not you’ve ever taken drugs or smoked cigarettes in the past.
  • Family health history. Insurance companies may see you as a greater risk if you’ve had cancer or another qualifying sickness in the past.
  • Record of a driver’s license. If you have a history of driving under the influence, your insurance premiums will rise accordingly.
  • Work and way of life. If you work as a pilot or participate in dangerous hobbies like scuba diving or hang gliding, you may be charged more for insurance.

If you’re looking for a company that offers reasonable prices to those who meet the following criteria:

  • Diabetes type 1 or type 2
  • Hypertensive elderly people
  • Serving members of the armed forces

Learn how to receive the best prices from a MetLife or Brighthouse Financial adviser.

How to get a quote from MetLife life insurance

You must have life insurance via your job with MetLife. Contact your HR representative to find out whether MetLife is available to you. If you want to work with a financial counselor rather than a broker, Brighthouse Financial, which is owned by MetLife, is another alternative.

What types of life insurance coverage does MetLife offer?

It is MetLife’s principal goal to provide employees with benefits through their employer. Check with your company’s benefits administration to see whether MetLife is an option.

Employees at MetLife are entitled to several benefits as a matter of course:

  • Term life. Affordable coverage extends for 10, 15, 20 or 30 years. Depending on your employer, you may be eligible for basic, supplemental, or dependent term life insurance.
  • Existence for all time. In order to preserve your insurance coverage, you may choose from a variety of flexible plans, which are dependent on the value of your account. In the future, you’ll be able to save money tax-free and have money in the bank.

Does MetLife offer individual life insurance?

But Brighthouse Financial, a subsidiary of MetLife, now provides all of MetLife’s life insurance plans:

  • Guaranteed level term. For people between the ages of 18 and 75, the policy is flat and the coverage remains unchanged until the end of the time. Other options include 10 to 30 year intervals. This is a wonderful option if you’re looking for short-term insurance because it’s not too pricey. There is an opportunity to convert at the end of the term or at the age of 70. No matter how much worse your health becomes, you’ll keep the same health rating. Riders that waive disability premiums and accelerate death benefits are included in the insurance.
  • Universal life. With the Premiere Accumulator Universal Life policy, your death benefit is protected. It’s not like that with whole life insurance, because you have greater control over the policy’s cash value building. The cash value might be used as a source of income in retirement. There are no taxes to pay on your policy’s cash value or interest. Acceleration of death benefit and remission of particular premiums, as well as chronic and terminal care riders, are available in addition to the cash value accumulation
  • Hybrid life insurance. Long-term care insurance (LTCI) and universal life insurance (UL) are combined in this hybrid policy (LTC). A death benefit is paid to your loved ones, and long-term care insurance is available in the event that you need it. An index or many indices can be linked to your long-term care benefits so that your benefits can grow and you can protect yourself against market downturns.

Does MetLife offer burial insurance?

No. Beneficiaries, on the other hand, may be able to utilize the money to cover their final expenditures if they have MetLife term or universal life insurance through their employer.

What riders can I add to my policy?

A free accelerated death benefit is included in MetLife’s term life insurance policies. If your life expectancy is fewer than 12 months, you may be eligible for a portion of your death benefit. If you wish to get the whole death benefit, you can do so.

For those in need, MetLife and Brighthouse Financial plans provide additional riders.

  • Accelerated death benefits riders. It is possible to get some of your death benefit early in the event of terminal illness.
  • Rider for accidental death insurance. This insurance gives an additional death benefit if you die as a consequence of an accident.
  • Rider waiving the right to a higher price. Because of a serious injury, you don’t need to pay the premium.

MetLife life insurance reviews and complaints

By the year 2020, there will only be about 100 MetLife TrustPilot evaluations. However, 72% of them have a TrustScore of 2.2, which is a bad rating. Additionally, the company has failed to respond to any negative Trustpilot ratings during the past year.

MetLife has a B- rating based on 96 customer evaluations, but the Better Business Bureau does not recognize them. An A rating isn’t bad considering the vast majority of large insurers receive an A. They have an A+ financial rating from AM Best.

In the 2020 JD Power customer satisfaction survey for individual life insurance, MetLife received 773 points out of 1,000, ranking it 8th overall and 10 points higher than the average.

Visit our review of MassMutual Life Insurance Review for one more insurance review.