MetLife separated a portion of our life insurance and annuity business, (products sold in-person through an agent), establishing a company called Brighthouse Financial, Inc. Certain policies remain with MetLife and others have transitioned to Brighthouse Financial Life insurance personal.
, based on the issuing company for your policy.
If you have a policy that was issued by one of these companies, your life insurance policy has been transitioned to Brighthouse Financial:
First MetLife Investors Insurance Company (now named Brighthouse Life Insurance Company of NY)
MetLife Insurance Company USA (now named Brighthouse Life Insurance Company)
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New England Life Insurance Company
Owners of inforce individual life insurance policies that moved to Brighthouse Financial were sent an endorsement changing the name of the issuing company for their policies.
If you have a policy that was issued by one of these companies, your life insurance policy remained with MetLife:
Metropolitan Life Insurance Company
Metropolitan Tower Life Insurance Company
The policy owner is the person who owns the life insurance policy. In many cases, the policy owner is also the person who is insured by the policy. However, the policy owner may also be a relative of the insured, a trust, partnership, a corporation, or some other person or entity.
A beneficiary is the person(s) selected by the policy owner to receive the life insurance payments upon the death of the insured.
Premiums are the payments made to the insurance company to purchase and keep a policy active.
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A death benefit is the amount paid to the beneficiary at the time of the death of the insured. Loans and/or withdrawals can impact death benefit.
The face amount is generally the initial death benefit of the policy, but the actual amount payable will depend on any additional benefits purchased or options elected, withdrawals or loans taken and the provisions of the policy.