This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

MetLife Introduces New Product To Make Life Insurance More Accessible And Affordable For Millions Of Americans

Millions of Americans lack even the most basic life insurance to protect their families. In fact, 41 percent of American adults have no life insurance whatsoever, and 50 percent of American households report they do not have enough life insurance. Many believe that life insurance is too difficult to obtain and too expensive – consumers estimate life insurance to cost three times as much as it actually does. To help bridge this gap, MetLife, America’s largest life insurer, has created a new product, MetLife’s Simplified Issue Term Life insurance, which is easy to qualify for, easy to obtain, and easy to afford, enabling more consumers to become insured.

“No matter who you are, you should have access to simple and affordable insurance products,” said Manish Bhatt, senior vice president, MetLife. “Getting started with life insurance is the hardest part for many consumers in the U.S. middle market -- comprised of those making $100,000 or less per year – and we’re finding that smaller face value policies that are easy to qualify for and obtain, like our Simplified Issue Term product offers, can provide enough coverage to take care of some basic needs for survivors and provide needed protection to many families.”

Simplified Issue Term is term life insurance, made available to anyone from age 18 to 70, and can be purchased over the telephone with same-day approval. The product is offered in face amounts from $10,000 to $100,000. No medical exam is necessary; applicants just answer a few simple health questions, yet it is affordable coverage: for example, a $50,000 face value policy for a female aged 43 costs just $30.00 per month. Even better for those concerned about maintaining their life insurance, Simplified Issue Term is what is known as “term to 90” insurance: it automatically renews each year, up to age 90, and it renews without additional underwriting as long as premiums are paid. Premiums increase in five-year increments, based on the insured’s age, and annual premiums stay the same for the five-year period.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs