Metropolitan Life Insurance
The Metropolitan Life Insurance Company had its origins in 1863 insuring Civil War sailors & soldiers against disabilities due to wartime wounds, accidents & sickness. Met Life was funded by $100,000 in start-up capital almost 135 years ago, and has been insuring lives ever since. The durable insurance company basis their successes on its long history of social responsibility, strong leadership qualities, sound investing skills and innovative products & services. The dawn of the 21st century signaled further expansion and progress for Met Life, when in 2002, the Mexican Government decided to select the Metropolitan Life Insurance Company to acquire Mexico's largest insurer, Aseguradora Hidalgo, S.A, for an approximate cost of $965 million. Met Life executives see this as an incredible expansion considering that Mexico has been rated as one of the fastest growing life insurance markets in the world. Met Life Insurance Policies include:Term Life: 3 types of term life are offered:
- 1Yr- The 1 yr plan guarantees policyholders the option of renewing each year, regardless of your health status & only up to age 95. Policyholders are also given the ability to exchange for a permanent life policy @ any time before the age of 60, or the end of the 5th policy yr.
- Scheduled Term Insurance- Met Life offers 10,15,20,25 or 30 yr plans that must be renewed annually. This plan can be exchanged for a permanent plan up until age 60, but premiums can fluctuate annually & increase with age.
- Level Term Insurance- Policy offers protection that remains constant throughout the amount of time you select, either 10, 15, 20 or 30 years. (This term period cannot be changed at any time) If you are still in need of coverage after the term period ends, you are given the option to renew the policy each year up until the age of 95.
- Whole Life- This is the most basic type of permanent life insurance. Your premiums won't increase & you accumulate a cash value account.
- Universal Life 2001- Variable universal life policy offers its holders a death benefit & investment opportunities. It provides money for your beneficiary following your death, and provides you with money whilst alive.
> > > Learn more about term & permanent life insurance at LIFE INSURACE POLICY DESCRIPTIONS
