Life Insurance Options Available on MetLife.com

MetLife.com offers three primary categories of life insurance—term life, universal life, and whole life—along with group life coverage through employers and specialized products like accidental death and dismemberment (AD&D) insurance. These products serve individual consumers, families, and businesses seeking financial protection, estate planning, or employee benefits.

Individual Life Insurance Products

Term Life Insurance

Term life insurance from MetLife provides coverage for a specified period (commonly 10, 20, or 30 years) with a guaranteed death benefit if the insured passes away during the term. Key features include:

  • Affordable premiums — Term policies typically cost less than permanent life insurance, making them accessible for young families and budget-conscious buyers.
  • Flexible coverage amounts — Policyholders can select death benefits aligned with their financial obligations, such as mortgage payments, education costs, or income replacement.
  • Level or decreasing term options — Some term plans maintain a constant death benefit (level term), while others decrease over time to match declining liabilities like loans (decreasing term).
  • Return of premium variants — Certain term policies refund all premiums paid if the insured outlives the term, though these come with higher upfront costs.

Term life is ideal for temporary needs and those seeking straightforward, no-frills protection.

Universal Life Insurance

Universal life (UL) insurance combines lifetime coverage with a cash value component that grows tax-deferred. MetLife's universal life products feature:

  • Flexible premiums — Policyholders can adjust payment amounts and timing within certain limits, providing adaptability as financial circumstances change.
  • Adjustable death benefits — Coverage amounts can be increased or decreased (subject to underwriting) to reflect evolving needs.
  • Cash value accumulation — A portion of each premium builds cash value that can be borrowed against or withdrawn (with potential tax implications).

  • Variants include:

    • Guaranteed Universal Life (GUL) — Prioritizes a guaranteed death benefit with minimal cash value, often used for final expense or legacy planning.
    • Indexed Universal Life (IUL) — Cash value growth is linked to a market index (e.g., S&P 500) with caps and floors to limit volatility.
    • Variable Universal Life (VUL) — Cash value is invested in sub-accounts similar to mutual funds, offering higher growth potential with greater risk.

Universal life suits those seeking permanent coverage with investment-like features and premium flexibility.

Whole Life Insurance

Whole life insurance provides lifelong protection with guaranteed premiums, death benefits, and cash value growth. MetLife's whole life policies include:

  • Fixed premiums — Payments remain level for the life of the policy, ensuring predictability.
  • Guaranteed cash value — Cash value grows on a predetermined schedule, often with the potential to earn dividends (not guaranteed).
  • Dividend eligibility — Participating whole life policies may pay dividends that can be taken as cash, used to reduce premiums, or reinvested to increase coverage.
  • Estate and legacy planning — Whole life is commonly used for wealth transfer, charitable giving, or covering estate taxes.

MetLife Holdings, a segment of MetLife, Inc., includes traditional and universal life products, reflecting the company's long-standing expertise in permanent insurance.

Group and Employer-Sponsored Life Insurance

MetLife is a leading provider of group life insurance for employers, offering coverage to employees and their dependents through workplace benefits programs.

Group Term Life

  • Basic coverage — Employers often provide a base amount (e.g., one or two times annual salary) at no cost to employees.
  • Supplemental/voluntary coverage — Employees can purchase additional term life insurance (e.g., spouse, child, or dependent coverage) through payroll deduction.
  • Portability and conversion — Many group policies allow employees to retain coverage after leaving the job or convert to an individual policy without medical underwriting.

Accidental Death and Dismemberment (AD&D)

MetLife offers AD&D as a standalone policy, rider, or employer-sponsored benefit that pays a lump sum if the insured dies or suffers a qualifying injury (e.g., loss of limb, sight, or hearing) due to a covered accident.

  • Principal sum payout — Full benefit for accidental death; scheduled percentages for specific injuries (e.g., 100% for loss of two limbs).
  • 24/7 coverage — Most group AD&D policies cover accidents on or off the job, worldwide.
  • Low cost — AD&D is inexpensive relative to life insurance, often $15–$20/month for $250,000 coverage, and sometimes fully employer-paid.

AD&D is designed to supplement—not replace—traditional life insurance, as it excludes death from illness or natural causes.

Specialized and Final Expense Options

While MetLife.com emphasizes term, universal, and whole life for individual consumers, the company also supports final expense and burial insurance needs through specific products and riders.

  • Guaranteed Universal Life (GUL) — Often marketed as final expense insurance, GUL provides a guaranteed death benefit to age 90, 95, 100, or for life, with minimal cash value and simplified underwriting.
  • Participating endowment and savings plans — In international markets (e.g., India via PNB MetLife), MetLife offers endowment assurance plans that combine protection with maturity benefits and annual bonuses.
  • Mortality benefits for pet insurance — MetLife Pet Insurance includes up to $500 for cremation or burial expenses as part of its policy, illustrating the company's broader approach to end-of-life costs.

How to Choose the Right MetLife Insurance Product

Selecting the best life insurance option depends on your goals, budget, and timeline:

  • Temporary needs (mortgage, young children) — Term life offers affordable, high-coverage protection for a set period.
  • Lifetime coverage with cash value — Whole or universal life builds equity and provides estate planning benefits.
  • Employer benefits — Group life and AD&D through work are convenient and often subsidized; supplement with individual policies for portability.
  • Final expenses — GUL or small whole life policies cover funeral costs and outstanding debts without burdening family.

MetLife.com provides online tools, calculators, and agent access to help you compare options and customize coverage.

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