Metlife Insurance Company
Metlife Insurance Company is not affiliated with; nor does it endorse or sponsor; the contents of this webpage or the AutoInsuranceQuote.com website.
One of the most prominent insurance companies in the country and a holding of the Metropolitan Life Insurance Company (MetLife in short); MetLife Inc. is the second largest life insurance provider in the United States with a life insurance force that traverses $3 trillion. Headquartered in the Midtown Manhattan neighborhood in New York; the organization caters to the top 90 Fortune 100 companies in the United States.
MetLife was founded in 1863 by a group of businessmen in New York who sought to raise an amount of $100,000 to set up the National Union Life and Limb Insurance Company. The purpose of the new firm was to insure soldiers against war disabilities and accidents. In 1968; after a few initial teething troubles; the company decided to concentrate on life insurance and offering insurance to the working class. In 1868; the first policy was issued in the name of Metropolitan Life Insurance Company and Dr. James R. Dow became the first President of the insurance firm.
Recently; on March 8; 2010; MetLife made an announcement of the acquisition of the American Life Insurance Corporation (Alico) from the American International Group (AIG) for around $16 billion in equity shares and cash. The deal is expected to go by the end of this year.
Metlife Auto Insurance; under the Auto AdvantageTM program; goes beyond the standard liability and accident coverage to feature a series of benefits that include among other things likeMulti-Policy discounts; safe driver credits and deductible saving benefits for good drivers (check policy restrictions and terms and conditions for different states).
As a MetLife auto insurance customer; policy holders can also avail of Identity Protection Services without any additional costs or take advantage of the GrandProtect insurance policy; which is a complete package of a single policy with one deductible and an extended coverage that includes the home; boat; car and a lot more. There is also a special insurance cover for collectible vehicles and a Personal Excess Liability Insurance to supplement current coverage and protect personal assets from high judgments.
The Liability Protection and Collision Coverage Advantages apart; the Coverage Plus TM Policy includes medical payments coverage and personal injury protection apart from uninsured/ underinsured motorists coverage and enhanced car rental coverage. There are also rewards for young drivers (which include good student discounts) and flexible; customized payment options.
MetLife’s revenue was pegged at $44.776 billion in 2005 with a net income of $4.651 and the company also operates an international segment which serves individuals and organizations in the Asia Pacific region; Latin America and the European nations.