Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Oct 1, 2021

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The Truth in a Nutshell

  • Metropolitan Life Insurance Company (MetLife) currently only offers term and universal life insurance through employers
  • Individual life insurance policies are now handled by Brighthouse Financial, which is no longer directly affiliated with MetLife.
  • Metropolitan Life has superior financial ratings

The Metropolitan Life Insurance Company commonly known as MetLife offers term and universal life insurance through employers. It also offers two different options for group universal life insurance. They have a strong financial strength rating. While MetLife life insurance products are sold though employers, their name continues to be familiar in many parts of the market.

Since Metropolitan Life Insurance Company life insurance quotes aren’t available online, it’s difficult to determine just how much does life insurance cost from MetLife. When offered through employers, employers may absorb a certain amount of the cost. This makes it naturally more affordable than plans an employee might get on their own. Many employers will only sponsor smaller plans. So if you want death benefits that will get your family back on their feet, the MetLife products available to you may not be enough.

Before you buy Metropolitan Life Insurance Company life insurance through your employer, shop around to see what other life insurance companies can offer you. Enter your ZIP code now to get term and universal life insurance quotes from multiple companies for free.

What products does Metropolitan Life Insurance Company offer?

MetLife offers various types of insurance, including auto, home, health, and life insurance. However, the company now only offers life insurance through employers. This means you can’t get an individual policy quote. The good part is the premium payments are generally low and supplemented by employers. The bad news is the payouts are generally limited meaning they should be supplemented by other plans.

The types of life insurance available through MetLife are:

  • Term life insurance
  • Group variable universal life
  • Group universal life

When it comes to term vs. whole life insurance, the length of your policy is one of the major differences. Although term life is generally the least expensive life insurance option, it is only good for a certain amount of time. Your rates go up after your term is over, or the policy could expire altogether. In other words, your beneficiaries would get no payout if you outlived the policy and did not or could not transition it into a long-term plan. Universal life is more expensive, but your rate doesn’t go up since it is a permanent policy.

Life insurance will depend on many factors, like your age, gender, and habits. Some plans require a medical exam, but virtually all plans exclude patients with a history of cancer and other serious diseases. Those that do offer death benefits for those with a history of certain conditions typically offer much lower payouts. You do have a fair chance of still being accepted for a plan that only covers accidental death.

This table shows you an estimate of what your term life insurance costs with MetLife might be. Notice that as you age, your rates will go up.

MetLife Average Monthly Term Life Insurance Rates
Age of InsuredAverage Monthly Rates for $150,000 BenefitAverage Monthly Rates with $150,000 Benefit
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MetLife used to offer more insurance options for individuals. Those options have been transferred to Brighthouse Financial. Now you can only get specific Metropolitan Life Insurance Company life insurance rates and services through your employer.

Most employers only pay a portion of your insurance costs, so be aware that you may be responsible for at least a part of your MetLife insurance costs.

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What are the Metropolitan Life Insurance company ratings?

A.M. Best rates companies based on how financially stable they are. The Metropolitan Life Insurance Company received an A+ rating, meaning it has a superior ability to meet its financial obligations. It also has high ratings with J.D Power and customers.

MetLife received a B- rating from the Better Business Bureau and is not accredited. Most of the complaints against MetLife revolve around customer service, which can make customers leery. However, their life insurance products are accessible even for those who wouldn’t normally go out of their way to sign up for life insurance.

Where did Metropolitan Life Insurance come from?

MetLife has been in business since 1868, giving the company a long history that boosts customer confidence. The company offers insurance in all 50 states and several countries around the world. The general sentiment is that if they’ve been around this long, they must be doing something right.

The Metropolitan Life Insurance Company tower in New York serves as a landmark for the city and was once the tallest building in the world. It is still the headquarters of MetLife. They continue to offer a wide range of financial services and insurance products.

You can mail MetLife at:

200 Park Avenue

New York, NY 10166

The Metropolitan Life Insurance Company customer service can also be reached at 1-800-638-5433. Claims can be filed online or over the phone as needed for your term or universal life policy. There is also a mobile app that allows you to access your account.

However, you can’t pay your bill online with a credit card. You must either be directly billed or pay with an electronic funds transfer.

What’s the bottom line with Metropolitan Life Insurance?

Whether or not you can find cheap Metropolitan Life Insurance Company life insurance will depend on your specific situation and your employer.

The good news is that you can look for life insurance outside of your employer. Now that you’ve finished this Metropolitan Life Insurance review, enter your ZIP code now to compare term and universal life insurance quotes from multiple companies near you today.