Group Variable Universal Life insurance (GVUL) is issued by Metropolitan Life Insurance Company (MLIC), New York, NY 10166, and distributed by MetLife Investors Distribution Company (MLIDC) (member FINRA). 1 Like most group life insurance policies, MetLife group life insurance policies contain certain exclusions, limitations, exceptions, reductions of benefits, waiting periods and terms for keeping them in force. The premium amount is based on factors such as your age, gender, medical history, and the dollar amount of life insurance you purchase. The amount you pay will depend on how much coverage you want. At the beginning of the policy and for some years, you fund the policy by paying level, annual premiums. MetLife offers traditional whole life insurance which provides lifetime coverage (as long as premiums are paid). Are You Ready for Life’s Unexpected Emergencies, How Insurance Helps Helen Protect Her Kids' Dreams of the Future, Get valuable coverage at competitive rates, Help cover specific financial responsibilities like a mortgage or college expenses, Supplement a permanent policy or policy through your employer, Level premiums that stay the same each year, To contribute additional money above the cost of insurance into the policy on a tax-deferred basis, Cash value you can use during your lifetime. This field is for validation purposes and should be left unchanged. Assume the information presented in this guide applies to all products unless differences are identified . Understanding Risk 2. By purchasing an optional conversion option, an applicant can extend the coverage period to five years. Invitations for application for life insurance on insuranceandestates.com are made through its designated agent, Steven Gibbs, only where he is respectively licensed and appointed. These policy numbers begin with AXPD, BT (1)54000, KTA, NL, N, SB, TR, TR3, NBEX, GST or R. Mail your payment to: MetLife IDI PO Box 8500-3656 Philadelphia,PA:19101 Overnight express address Whole Life Insurance, Enter your account username (e.g johnsmith), Whether you purchased your policy on your own or The main difference between all of these products is how long you will pay for them. How to Choose Between Term vs. Rates and time taken to qualify and purchase a life insurance policy vary by product and underwriting requirements. Learn how Helen, a mother of two young boys, is securing the financial future of her kids. Accidental Death:  In exchange for an additional premium, this rider increases a policy’s death benefit if the insured’s death results from an “accident,” as defined in the policy. These services vary in regards to the duration and amount of coverage available and whether a medical exam is required for coverage. Will you and your family be ready for an unexpected event? • Information available electronically through MetLife's eSERVICE web site. Learn more about MetLife’s insurance options and speak with a trusted financial professional to assess your needs. Enter your name and email to get FREE access! For individual policies, coverage amounts start at $100,000 and go up to $2 million. Delete the email after you forward it, and do not click on any links it contains. Life insurance can provide years of income to your loved ones in an affordable way. The MetLife website explains that the life insurance policy is a dividend-paying policy that builds cash value over time and guarantees the death benefit of the policy. MetLife Whole Life Policy Options: MetLife Promise Whole Life – This policy was designed to have premiums paid until age 100. Disability Waiver of Premium:  Premium obligations are waived if the insured becomes totally disabled for at least six months. A very similar policy, BrightHouse Guaranteed Level Term, has the option of a 15-year level term, along with the other periods available with SimplySelect. Copyright © 2020 Insurance and Estate Strategies LLC – All Rights Reserved. Metropolitan Life Insurance Company and/or its affiliates are the issuers of the products shown on these web pages. Monthly Rates are for informational purposes only and must be qualified for. Insuranceandestates.com will not sell your information to a third party. Products Offered by MetLife (or a closely-related affiliate): Life Insurance Policies Offered by MetLife, The Infinite Banking Concept® [Top Benefits to Being Your Own Bank], Different Types of Life Insurance Policies, Dividend Paying Whole Life Insurance Companies, best dividend paying whole life insurance companies, indexed universal life policy with a long-term care rider, Top 10 Best Term Life Insurance Companies [The Definitive Guide to Finding the Right Policy for You], Life Insurance Financial Underwriting [Comprehensive Guide], The Top 7 Advantages and Disadvantages of the Infinite Banking Concept, Participating Life Insurance [Extreme Ownership]. MetLife Promise Whole Life 120 (PWL 120) – The best product for death benefit. For each beneficiary, please complete and return one of the forms below. We continue to minimise any disruption to customers through these current times. Grows each year and is accessible by withdrawal or loans, possibly paying dividends, was... 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