MetLife offers a variety of insurance products that can help you protect your family and your loved ones. These policies can also provide you with a range of other benefits.
MetLife is a highly rated insurance company. It has an A+ (superior) rating from AM Best and good scores from other insurance ratings agencies.
Life insurance is a financial tool that helps you achieve your long-term goals, like paying off a mortgage or funding children’s education. It also offers protection if you die during the policy period, which can help your loved ones cover funeral expenses and other ongoing financial obligations.
The best type of life insurance for you depends on your personal financial situation and family’s needs. MetLife offers a variety of different products to fit your needs.
Term coverage is the most popular type of life insurance because it provides financial protection for a certain period of time. It’s typically less expensive than permanent coverage, and it provides more flexibility for policyholders to customize their benefits.
It pays a death benefit to your beneficiaries if you die during the policy period, and it builds cash value that reverts back to the company upon your death.
Limited payment whole life insurance is another type of life insurance that allows you to pay your premiums over a shorter period. It’s a good option for people who want lifetime protection but can’t afford the high premiums.
Some life insurance companies provide additional riders that add extra coverage to your policy. These may include a rider that lets you pause your premium payments if you become disabled, or a rider that covers your dependents’ tuition costs if you die before they graduate from college. Riders can be added to your policy at no cost or for a small fee.
Critical Illness Insurance (CII)
Critical illness insurance is a type of supplemental health insurance that pays out cash to help pay for medical costs related to certain illnesses or conditions. These policies can be very helpful to people who are struggling financially due to rising out-of-pocket costs with traditional health insurance.
CII can be purchased independently, through an employer or as a supplement to your life insurance policy. It is usually a low-cost way to boost your coverage, especially if you already have a comprehensive health insurance plan.
Like most group accident and health insurance policies, CII includes certain exclusions, limitations and terms for keeping it in force. Those features may vary by state.
Many of these policies exclude preexisting conditions, impose age and other restrictions on payouts, and require a waiting period before making a claim. It’s important to read the terms and conditions carefully before purchasing a critical illness policy.
The benefits of CII will help you manage the financial impact of a covered illness and ensure your family’s financial security. This can include things like paying off a mortgage or healthcare costs, and helping with daily living expenses. It can also be used as a form of income protection in the event that you are no longer able to work for an extended period of time.
Accidental Death & Dismemberment (AD&D)
An accidental death & dismemberment (AD&D) insurance policy pays out a cash benefit in the event of your accidental death or loss of limb. Coverage is typically purchased as a standalone policy or as an add-on to your life insurance.
It can help provide peace of mind for the family members who are left behind, he says.
Like life insurance, accidental death & dismemberment coverage can be costly, but it is an affordable way to provide financial protection for the people you care about most. Getting a policy that meets your needs and fits your budget can be a challenging process, but it is essential to protect your loved ones from the emotional and financial burden of an unexpected death.
Most AD&D policies have a list of exclusions that limit the types of accidents that qualify for a payout. For example, a heart attack is considered a natural cause of death and is not covered under an accidental death and dismemberment policy.