MetLife Insurance – An Overview

MetLife is the largest insurance company in the United States, and has subsidiaries which do business in many other countries, including Australia, Japan, and Mexico. Founded in 1863 to provide life and limb insurance to sailors and civil war veterans, Metropolitan Life has remained a major insurer, and today commands a wide range of subsidiary companies which range from life and auto insurance through personal disability, long term care, dental, and homeowners insurance. The company has a long history of investing in national economic concerns, from urban renovation to mortgage underwriting, even including support in United States war efforts throughout the 20th century, and now into the 21st.

They are primarily represented by dedicated agents, but do make use of selected independent agents, and direct sales through the Internet. The major form of distribution is through workplace contacts, concentrating on life, health and auto insurance with discounts offered via group plans through employers. In 2006, there were a reported 737 agents directly connected to MetLife or its subsidiaries, not including additional support from independent sources.

MetLife pioneered the inclusion of personal identity protection inclusion in automobile insurance coverage. While they do not offer coverage for as wide a range of personal vehicles as some competing companies, their coverage plans do include an exhaustive list of comprehensive plans, tailored to fit the needs of working class people in a range of occupational niches.

MetLife differs from many insurance companies in that they also offer Mutual funds, IRAs, and other investment plans, as well as dental and occupational disability benefits. The list of unique offerings makes MetLife an important facet of employers who wish to use their group enrollment capabilities to leverage discounts for employees as added benefits of continuing employment.

MetLife Company Facts

Parent Company:
Metropolitan Life Insurance Company

Subsidiaries:
MetLife Securities, Inc.
New England Securities Corporation
MetLife
General American Life Insurance Company
General American Life
GenAmerica Financial

Lines of Insurance:
Vehicle Coverage: Auto, Motorcycle, RV,
Other Coverage: Long Term Care, Life, Personal Disability, Homeowners

Coverage Options:

Licensed to sell insurance in:
AL, AZ, AR, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, ND, OH, OK, OR, PA, PR, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

A.M. Best Company Rating: A+
(Rating Explained)

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