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MetLife Life Insurance
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By Insure.com
Last updated June 15, 2009 |
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About MetLife Life
Insurance Company
The origins of Metropolitan Life Insurance Company (MetLife) go back to
1863, when a group of New York City businessmen raised $100,000 to
found the National Union Life and Limb Insurance Company. The new
company insured Civil War sailors and soldiers against disabilities due
to wartime wounds, accidents and sickness. In 1868, after several
reorganizations and five difficult years, the company decided to focus
on the life insurance business. A new company was chartered to sell
"ordinary" insurance to the middle class.
On March 25, 1868, one day after the company opened its books, the
first policy carrying the name of the Metropolitan Life Insurance
Company was issued. Dr. James R. Dow, a retired physician from
Brooklyn, NY, was named Metropolitan Life’s first president. He held
this position until 1871. The company’s office consisted of two and a
half rooms; it was located at 243 Broadway in lower Manhattan. By the
close of business in 1868, the company had issued 1,477 policies for
$4,340,000.
Wiki Says
MetLife, Inc. (NYSE: MET) is the holding corporation for the
Metropolitan Life Insurance Company or MetLife for short. For most of
its life, the company was a mutual organization, but it went public in
2000. It is the largest life insurer in the United States, with more
than $3.3 trillion of life insurance in force. A leader in savings and
retirement products and services for individuals, small business and
large institutions, MetLife serves 90 of the largest Fortune 100
companies. It has a large global market in more than 12 countries.
MetLife Life Insurance Says
MetLife offers five different types of life insurance policies. These
are term life, whole life, universal life, variable universal life and
survivorship life. Term life insurance provides a cost-effective
solution for the insured's temporary life insurance needs that gives
them the flexibility to change their policy should their temporary
needs turn into permanent goals. Whole life insurance is the simplest
of the permanent types of life insurance. It features lifelong
protection with guaranteed premiums, death benefit and cash value. A
universal life insurance policy provides flexibility that allows the
insured to change the death benefit and the timing and amount of their
premium. Variable universal life insurance has flexible terms that
allow the insured to change the death benefit and the timing and amount
of their premiums. It also lets the insured invest their cash values in
professionally-managed funding options. Survivorship life insurance
covers two people, usually spouses, under one policy. It provides a
benefit after the second person passes away.
Contact MetLife Life Insurance Company at:
MetLife Life Insurance Company
200 Park Avenue
NewYork, NY 10166
Telephone: (800) MET-LIFE
Sources: "Life Insurance
Overview," MetLife Web site, 2009; "MetLife,” Wikipedia, June
2009; “MetLife Life Insurance Company,” A.M. Best Web site,
February 2009
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