MetLife, Inc. (NYSE:MET) today announced the launch of its new MetLife
Secure Flex Universal LifeSM product, which offers consumers
a pair of guarantee provisions and strong cash value growth.
The product’s built-in death benefit guarantee provides consumers
guaranteed coverage regardless of policy performance up to a certain
age, and as late as 90 depending on issue age. As part of its innovative
MetLife Ultimate Charge Guarantee feature, the product’s policyholders
will also receive a guarantee of current policy charges at the end of
the death benefit guarantee period—letting them know as soon as they
purchase the policy exactly how much cash value will be needed to
continue coverage after the death benefit guarantee period ends.
Additionally, MetLife Secure Flex Universal Life provides consumers with
the ability to accumulate tax-deferred cash value in the policy.
Compared to other current assumption universal life products with the
same crediting rate, premium stream, and client attributes, MetLife
Secure Flex Universal Life generally produces higher cash value1.
This cash value feature gives consumers the flexibility to maintain
coverage, reduce premium payments, surrender the policy if no longer
needed, or otherwise use the cash value as they see fit.
The new product is part of the company’s continuing drive to strengthen
its life insurance portfolio and follows its decision to reduce rates on
its Guaranteed Level Term policy in August.
“At MetLife, we’re constantly looking for ways to enhance our life
insurance offerings by designing products that better meet the needs of
consumers, and MetLife Secure Flex Universal Life is a reflection of
that philosophy,” said Gene Lunman, senior vice president of Retail Life
and Disability Insurance Products. “We know that consumers want
insurance policies with income protection features they can count on,
but also with the flexibility to adapt to changes in their financial
needs. MetLife Secure Flex Universal Life brings both of those
objectives together in a single product.”
For current rates and more information on MetLife Secure Flex Universal
Life, please visit www.metlife.com/moretolife.
About MetLife
MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates
(“MetLife”), is one of the largest life insurance companies in the
world. Founded in 1868, MetLife is a global provider of life insurance,
annuities, employee benefits and asset management. Serving approximately
100 million customers, MetLife has operations in nearly 50 countries and
holds leading market positions in the United States, Japan, Latin
America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
All guarantees are subject to the financial strength and claims-paying
ability of the issuing insurance company.
Metropolitan Life Insurance Company (MLIC), New York, NY 10166.
Securities products and investment advisory services are offered by
MetLife Securities, Inc. (MSI) (member FINRA/SIPC) and a registered
investment adviser, 1095 Avenue of the Americas, New York, NY 10036.
MLIC and MSI are MetLife companies.
i This data was compiled from ledgers or software provided by
participating companies and is current as of September 2014.
Copyright Business Wire 2014