Metropolitan life insurance company ↝ Life insurance

Disability Insurance and Absence Management Services, MetLife

Disability Insurance and Absence Management Services Disability coverage that replaces at least 60 percent of your after-tax income is generally recommended. To estimate the benefit amount you would need if you became disabled, ask yourself how much monthly income would cover your living expenses. Household expenses may include mortgage, car payments, groceries, and childcare. Consider all these factors to help you come up with an appropriate amount. The MetLife Disability Calculator is another handy resource you can use to estimate the amount of disability insurance income you would need to help maintain your current standard of living. Special Considerations: If you work in a state with...

Group Dental Insurance, MetLife

Dental Insurance Savings from enrolling in a dental benefits plan featuring the MetLife Preferred Dentist Program will depend on various factors, including the cost of the plan, how often participants visit the dentist and the cost of services rendered. Based on internal MetLife analysis. Negotiated fees refer to the fees that in-network dentists have agreed to accept as payment in full for covered services, subject to any deductibles, copayments, coinsurance, cost sharing and benefit maximums. Negotiated fees are subject to change. MetLife TakeAlong Dental is not COBRA coverage and does not affect any employer obligation to provide COBRA coverage. Availability of products and services is...

METROPOLITAN LIFE INS. CO. v. WARD, FindLaw

United States Supreme Court METROPOLITAN LIFE INS. CO. v. WARD(1985) No. 83-1274 Argued: October 31, 1984 Decided: March 26, 1985 An Alabama statute imposes a substantially lower gross premiums tax rate on domestic insurance companies than on out-of-state (foreign) insurance companies. The statute permits foreign companies to reduce but not to eliminate the differential by investing in Alabama assets and securities. Appellant foreign insurance companies filed claims for refunds of taxes paid, contending that the statute, as applied to them, violated the Equal Protection Clause. The State Commissioner of Insurance denied the claims. On consolidated appeals to a county Circuit Court, in...

AM Best Affirms Credit Ratings of MetLife, Inc. and Its Life,Health Subsidiaries, Business Wire

OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the members of Metropolitan Life Insurance Group. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of MetLife, Inc. (MetLife) (headquartered in New York, NY) [NYSE: MET]. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of companies and Long- and Short-Term IRs.) The ratings reflect Metropolitan Life Insurance Group’s balance sheet strength, which AM Best assesses...

NN Group - NN Group completes the acquisition of MetLife s businesses in Poland and Greece

Today NN Group announces the completion of the acquisition of MetLife’s businesses in Poland, following the approval obtained by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego, KNF) on 14 April 2022. NN Group completed the acquisition of MetLife’s businesses in Greece on 31 January 2022. David Knibbe, CEO of NN Group: ‘Today we have achieved an important milestone for NN in Poland and Greece, as this transaction strengthens our positions in these attractive growth markets. In the coming months, we will integrate MetLife’s businesses into the local NN organisations. While combining the strengths of the two companies, we are committed to respecting the talents and...

MetLife (Brighthouse) Life Insurance Company Review

What we like Some may be apprehensive about a group plan, but with MetLife, your policy travels with you if you retire or change companies. MetLife offers some flexible plans that offer supplemental policies in addition to their standard term and universal policies. MetLife offers a dependent term life insurance policy, so you can receive coverage for the whole family. What we don’t like As with any workplace plan, the exact details of your policy will largely be governed by your employer. Smokers will see a significant spike in their monthly premiums. Term life insurance customers have no option of converting their plan to a permanent policy once their term expires. MetLife offers no...

FedEx to Purchase $6 Billion Group Annuity Contract from Metropolitan Life Insurance Company to Reduce Pension Obligations

FedEx to Purchase $6 Billion Group Annuity Contract from Metropolitan Life Insurance Company to Reduce Pension Obligations MEMPHIS, Tenn., May 8, 2018—FedEx Corp. (NYSE: FDX) announced today it has entered into an agreement with Metropolitan Life Insurance Company (“Metropolitan Life”) to purchase a group annuity contract and transfer approximately $6 billion of the company’s U.S. pension plan obligations. The transaction will transfer responsibility for pension benefits to Metropolitan Life for approximately 41,000 FedEx retirees and beneficiaries who satisfy certain conditions and currently receive a monthly benefit from participating FedEx tax-qualified U.S. domestic pension plans (the “...

Life Insurance, Business and Brokers, MetLife

Life Insurance To the maturity age specified in the certificate. In some program designs, if the plan sponsor replaces MetLife GVUL or GUL with another group life insurance plan or otherwise terminates the MetLife group policy, coverage may also be terminated, even after retirement or separation from employment. If coverage is ported or otherwise continued after retirement or separation from employment and the plan sponsor later terminates the group policy, cost of insurance rates may increase as a result of such termination. To the maturity age specified in the certificate. In some program designs, if the employer replaces MetLife GUL or GVUL with another group life insurance plan or...

MetLife Completes Longevity Reinsurance Transaction with Pension Insurance Corporation, Business Wire

NEW YORK--( BUSINESS WIRE )--Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, Inc. (“MetLife”), announced today its first United Kingdom longevity reinsurance transaction with Pension Insurance Corporation plc (“PIC”). “ This transaction marks an important milestone in MetLife’s strategy and gives us the opportunity to apply our experience managing risk to a new market,” said Graham Cox, executive vice president and head of Retirement & Income Solutions at MetLife. “ With this transaction, MetLife is establishing itself as a reinsurance solution for direct insurers in the U.K. While this is MetLife’s initial step into the U.K. longevity reinsurance market, our long...

MetLife : Everything you need to know - Insurance Business

Headquarters Address: 200 Park Ave, New York, NY 10166, USA GWP: $42,235 million (according to 2019 annual report) Global Locations: Has operations in nearly 50 countries Underwriting Expertise: Auto, home, dental, life, accident & health, vision, disability, pet, legal plans, annuity, and long-term care insurance Key People: President and CEO: Michael A. Khalaf MetLife is a life insurance company that serves around 100 million customers worldwide. It operates in nearly 50 countries through six segments: MetLife Holdings, USA, Asia, Latin America, EMEA (Europe, Middle East, and Africa), and Corporate & Other. In the USA, MetLife offers a variety of insurance and financial services...