Metlife Insurance Company

Metlife Insurance Company is not affiliated with; nor does it endorse or sponsor; the contents of this webpage or the 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.

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 access Identity Protection Services without any additional costs or can 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 much 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 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.