Metropolitan Life Insurance
The Metropolitan Life Insurance Company is best known as “MetLife” and traces its history back to 1863, when, then as the National Union Life and Limb Insurance Company, it began insuring Civil War soldiers against disabilities due to wartime injuries and such. In 1868, after several reorganizations and some tough times, the company decided to focus on the life insurance business, under the now famous name of Metropolitan Life or “MetLife.”
The Current President and CEO is C. Robert Henrikson.
The Company is headquartered in New York, NY in the former “Pan Am” Building.
As of 2008-2009 MetLife claims more than $3.3 trillion of life insurance in force.
According To the Company
MetLife is a financial giant. For most of the time of Metropolitan Life’s existence, it was a mutual organization, but it became a public corporation in 2000. It is currently the largest life insurance producer in the United States. The company is a global leader in life insurance savings and retirement products for individuals, small business and large organizations. 90 of the largest Fortune 100 companies do business with MetLife.
The company recognizes that life insurance needs change over time, and offers a variety of life insurance options for individuals and businesses. MetLife offers a full line up of life insurance products including: Term Life Insurance, Whole Life Insurance, Universal Life Insurances, and Variable Life Insurance.
- Whole Life – Remains in effect as long as you live and make the required payments. A portion of the monthly premium is invested in a savings account at a fixed interest rate.
- Universal Life – Offers more flexibility than Whole Life. Investments are spread out over a variety of funds, with the potential for greater return. Death benefit amounts can be changed over time with a MetLife Universal Life insurance policy.
- Variable Life – Is much like Universal Life, but Variable Life insurance is the only life insurance product that allows you to determine how your investments are made.
More information: www.metlife.com/