and may be level or change in accordance with a predetermined schedule. Whole life insurance includes policies that provide a participation feature in the form of dividends. Policyholders may receive dividends in cash or apply them to increase death benefits, increase cash values available upon surrender or reduce the premiums required to maintain the contract in-force. Disability: Disability products provide a benefit in the event of the disability of the insured. In most instances, this benefit is in the form of monthly income paid until the insured reaches age 65. In addition to income replacement, the product may be used to provide for the payment of business overhead expenses for disabled business owners or mortgage payment protection. Property and Casualty: These products include personal lines property and casualty insurance offered to individuals through various retail distribution channels, including independent agents, property and casualty specialists, and the MetLife Premier Client Group. Auto insurance policies provide coverage for private passenger automobiles, utility automobiles and vans, motorcycles, motor homes, antique or classic automobiles and trailers. The company also offers traditional coverage, such as liability, uninsured motorist, no fault or personal injury protection, as well as collision and comprehensive insurance. Homeowners’ insurance policies provide protection for homeowners, renters, condominium owners and residential landlords against losses arising out of damage to dwellings and contents from various perils, as well as coverage for liability arising from ownership or occupancy. Other insurance includes personal excess liability (protection against losses in excess of amounts covered by other liability insurance policies), and coverage for recreational vehicles and boat owners. Most of the company’s homeowners’ policies are traditional insurance policies for dwellings, providing protection for loss on a replacement cost basis. These policies also provide additional coverage for reasonable, normal living expenses incurred by policyholders that have been displaced from their homes. Other: Additionally, through the company’s broker-dealer affiliates, it offers a range of mutual funds and other securities products. The elimination of transactions from activity between the segments within the Americas occurs within Life and Other. Annuities The company’s annuities business offers various variable and fixed annuities that are primarily sold to individuals and tax-qualified groups in the education, healthcare and not-for-profit sectors. Products within Annuities Variable Annuities: Variable annuities provide for both asset accumulation and asset distribution needs. Variable annuities allow the contract holder to make deposits into various investment options in a separate account, as determined by the contract holder. Fixed and Indexed Annuities: Fixed annuities provide for both asset accumulation and asset distribution needs. Fixed annuities do not allow the same investment flexibility provided by variable annuities, but provide guarantees related to the preservation of principal and interest credited. Deposits made into deferred annuity contracts are allocated to the company’s general account and are credited with interest at rates it determines, subject to specified minimums. Credited interest rates are guaranteed not to change for certain limited periods of time, ranging from 1 to 10 years. Fixed income annuities provide a guaranteed monthly income for a specified period of years and/or for the life of the annuitant. Additionally, the company is issuing indexed annuities, which allow the contract holder to participate in returns from equity indices. Group, Voluntary & Worksite Benefits This segment’s insurance products and services include life, dental, group short- and long-term disability, property and casualty, long-term care, accidental death and dismemberment (AD&D), critical illness, vision and accident and health coverages, as well as prepaid legal plans. The company also sells administrative services-only (ASO) arrangements to some employers. Th
metlife inc (MET:New York)
200 Park Avenue
New York, NY 10166
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