Other Permanent Life Insurance
MetLife offers several types of permanent life insurance policies with flexibility and guaranteed long term protection to help meet your needs.
Universal Life Insurance
Universal life insurance policies provide the flexibility to build your policy's cash value or focus more on guaranteed protection.
- Guaranteed Protection lets you choose, within limits, the length of the protection guarantee and the premium payment schedule up front — both are then guaranteed not to change so long as the premiums are paid as planned.1
- Cash Value Accumulation grows through crediting interest rates. Cash value will grow tax-deferred and can be withdrawn or borrowed from the policy. It also allows you to change, within limits, your premium payments and death benefit.2
Variable Universal Life Insurance
Variable universal life insurance combines life insurance protection and an investment opportunity in one product. With the ability to invest in professionally managed investment options, you can potentially accumulate cash value while providing your family with death benefit protection.3
- Death Benefit Guarantee Options. Variable universal life insurance policies offer a rider, at an additional cost, that guarantees a minimum death benefit regardless of investment performance, for a set period, as long as the guaranteed minimum premium requirements are met.
- Access to Cash Value. The cash value and liquidity of variable universal life insurance may help finance your child's education, purchase a vacation home or pay for rising health care costs. You'll have access to your cash through loan and withdrawal options.2
A variable universal life insurance policy's combination of protection and investment options can be a great option for those who are looking for insurance protection and are comfortable with investment risk.
The following information is now available on MetLife eDelivery:
- Product prospectus
- Separate fund prospectuses
- Prospectus supplements (if available)
- Annual & semi-annual reports
- Statements of additional information
Click below to download the PDFs for Equity Advantage Variable Universal Life. Or, call 1-800-MET-5000 or email firstname.lastname@example.org to have the prospectuses mailed to you.
If you would like a copy of the Met Investors Series Trust's Statement of Additional Information, contact:
Met Investors Series Trust
c/o MetLife Advisers, LLC
One Financial Center
Boston, MA 02111
Survivorship Life Insurance
Sometimes called second-to-die insurance, survivorship life insurance covers two people and provides a benefit only after the second person has passed away. Whether your goal is to leave an inheritance, protect your business or provide a lasting benefit to a charity, survivorship life insurance can be an important part of your estate plan.
Survivorship life insurance policies provide a death benefit that can be used to help:
- Equalize your estate among beneficiaries where assets are hard to divide
- Provide funding beyond your lifetime for care of a child or other dependent with special needs
- Provide funds for fees, taxes, and estate expenses.
Survivorship life insurance policies may be less expensive than covering two people with two individual policies.
Enhance Your Policy
A variety of policy riders are available for an additional cost on permanent life insurance policies, including options for a lifetime of guaranteed monthly income for your beneficiaries and the ability to waive premiums if you're disabled and can't work.4
A MetLife representative can help you determine how much coverage you need and what kind to buy.
1 In the Guaranteed Protection policy design, departing from the payment schedule or making loans, withdrawals, or other changes to your policy may affect this guarantee and higher premiums could be required to keep the policy in force.
2Loans and withdrawals will decrease the cash value and death benefit. Withdrawals are not available until the second policy year. Loans are available as soon as a loan value exists.
3 Variable life products are subject to market risk and may lose value.
4 Not all riders are available in every state. Optional riders are available for an additional fee and are subject to contractual terms, conditions and limitations as outlined in the prospectus. Most riders can be selected only when you apply for your policy.
Equity Advantage Variable Universal Life is offered by prospectus only, which is available from your registered representative. You should carefully consider the product's features, risks, charges and expenses, and the investment objectives, risks and policies of the underlying portfolios, as well as other information about the underlying choices. This and other information is available in the product prospectus and in the prospectuses for the underlying funding choices, which you should read carefully before investing. Product availability and features may vary by state. All product guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.
Guarantees apply to certain insurance and annuity products (not securities, variable or investment advisory products) and are subject to the insurer's claims-paying ability and financial strength.
Like most insurance policies, MetLife's policies contain charges, limitations, exclusions, termination provisions and terms for keeping them in force. Contact your financial representative for costs and complete details.
Any discussion of taxes is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax or accounting advice. Clients should confer with their qualified legal, tax and accounting advisors as appropriate.
Increases in amounts of coverage require you to submit satisfactory health information to MetLife. If policy performance is less favorable than anticipated and you have not paid sufficient premiums, your death benefit could decrease or your policy could lapse, which could leave your beneficiaries inadequately protected or require you to pay additional premium to keep the policy in force.
Variable insurance products, including variable annuities and variable life insurance, are offered by prospectus only. The prospectus contains information about the product's features, risks, charges and expenses, and the investment objectives, risks and policies of the underlying portfolios, as well as other information about the underlying funding choices. Read the prospectus and consider this information carefully before you invest or send money. Product availability and features may vary by state. All product guarantees are subject to the claims-paying ability of the issuing insurance company. The amounts allocated to the variable investment options of your account balance are subject to market fluctuations so that, when withdrawn or annuitized it may be worth more or less than its original value.
MetLife Provider Universal Life is issued by MetLife Insurance Company USA on Policy Form 5E-36-12 and in New York only by Metropolitan Life Insurance Company on Policy Form 1E-36-12-NY. All product guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.
MetLife Secure Flex Universal Life is issued by MetLife Insurance Company USA on Policy Form 5E-38-14 and in New York only by Metropolitan Life Insurance Company on Policy Form 1E-38-14-NY. All product guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.
Equity Advantage Variable Universal Life is issued by MetLife Insurance Company USA on Policy Form 5E-46-06 and in New York only, by Metropolitan Life Insurance Company on Policy Form 1E-46-06-NY-1. Variable products are distributed by MetLife Investors Distribution Company (member FINRA). All are MetLife companies.
Legacy Advantage Survivorship Universal Life is issued by MetLife Insurance Company USA on Policy Form 5E-32-05 and in New York only by Metropolitan Life Insurance Company on Policy Form 1E-32-05. All product guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.