MetLife, Inc. provides life insurance, annuities, employee benefits, and asset management products. In the U.S., the company provides various insurance and financial services products, including life, dental, disability, property and casualty, guaranteed interest, stable value and annuities, through both proprietary and independent retail distribution channels, as well as at the workplace. Outside the U.S., the company provides life, medical, dental, credit and other accident and health insurance, as well as annuities, endowment and retirement and savings products to both individuals and groups. Segments The company is organized into six segments, reflecting three geographic regions, such as Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; and Latin America (collectively, the Americas); Asia; and Europe, the Middle East and Africa (EMEA). Americas The company’s businesses in the Americas offer a range of protection products and services aimed at serving the financial needs of its customers throughout their lives. These products are sold to individuals and corporations, as well as other institutions, and their respective employees. Retail This segment is organized into two U.S. businesses, life and other and annuities. Life and Other The company’s life and other insurance products and services include variable life, universal life, term life and whole life products. Life and other products and services also include individual disability income products and personal lines property and casualty insurance, including private passenger automobile, homeowners and personal excess liability insurance. Additionally, through broker-dealer affiliates, the company offers a range of mutual funds and other securities products. Products within Life and Other Variable Life: Variable life products provide insurance coverage through a contract that gives the policyholder flexibility in investment choices and, depending on the product, in premium payments and coverage amounts, with certain guarantees. Most importantly, with variable life products, premiums and account balances can be directed by the policyholder into various separate account investment options or directed to the company’s general account. In the separate account investment options, the policyholder bears the entire risk of the investment results. The company collects specified fees for the management of the investment options. The policyholder’s cash value reflects the investment return of the selected investment options, net of management fees and insurance-related and other charges. In some instances, third-party money management firms manage these investment options. Universal Life: Universal life products provide insurance coverage on the same basis as variable life, except that premiums, and the resulting accumulated balances, are allocated only to the company’s general account. The company credits premiums to an account maintained for the policyholder. Premiums are credited net of specified expenses. Interest is credited to the policyholder’s account at interest rates the company determines, subject to specified minimums. Term Life: Term life products provide a guaranteed benefit upon the death of the insured for a specified time period in return for the periodic payment of premiums. Specified coverage periods range from 1 year to 30 years, but in no event are they longer than the period over which premiums are paid. Death benefits may be level over the period or decreasing. Premiums may be guaranteed at a level amount for the coverage period or may be non-level and non-guaranteed. Term insurance products are sometimes referred to as pure protection products, in that there are typically no savings or investment elements. Term contracts expire without value at the end of the coverage period when the insured party is still living. Whole Life: Whole life products provide a guaranteed benefit upon the death of the insured in return for the periodic payment of a fixed premium over a predetermined period. Premium payments may be required for the entire life of the contract period, to a specified age or period,
metlife inc (MET:New York)
200 Park Avenue
New York, NY 10166
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