Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jan 15, 2021

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The Brief

  • MetLife is also known as Metropolitan Life Insurance Company.
  • As of 2017, MetLife no longer sells individual life insurance policies, but they do offer plans through employers.
  • Your MetLife life insurance rates will depend on your employer, number of employees, and employee demographics.

Before you buy MetLife life insurance, you should take a look at our MetLife life insurance review below. In it, we’ll discuss the company’s employer-offered life insurance options, rates, industry ratings, and more.

Finding the right life insurance for you takes research. Enter your ZIP code into our free quote comparison tool above to compare life insurance quotes from companies near you.

Who is MetLife?

MetLife, also known as Metropolitan Life Insurance Company, was founded in 1868. It is one of the oldest and largest insurance companies in North America and sells its products in more than 40 countries.

In addition to life insurance, MetLife also sells long- and short-term disability insurance, auto and home insurance, health insurance, pet insurance, and more.

In 2017, MetLife started selling most of its life insurance products through a new company called Brighthouse Financial. Therefore, they are limited in their life insurance options, and you may want to consider Brighthouse for a policy.

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What life insurance products does MetLife offer?

Since MetLife handed over the sale of life insurance to Brighthouse Financial, the options they still have are only offered through an employer.

While they offer some information on their website, the details are vague, since coverage options and limits will most likely be determined by your employer.

Below, we’ll look at some basic details of each employer-provided plan type.

Group Term Life Insurance

Employers will often pay for term life insurance that offers coverage for a set amount of time. You may have the option of paying some portion of your premium out-of-pocket to add additional coverage and other benefits, such as spouse or dependent coverage.

Group Variable Universal Life

A variable universal life insurance policy is a permanent policy that allows access to cash value and investment opportunities. The policy has a guaranteed minimum interest rate, and you can choose to pay more into investment accounts.

You can borrow against the cash value of your policy without paying withdrawal fees or facing other penalties.

Group Universal Life Insurance

This is another permanent policy that allows access to a tax-deferred savings account you can borrow against as needed. Universal life insurance can also be helpful in supplementing retirement income for some people.

How much is MetLife life insurance?

Unfortunately, because the cost of your MetLife life insurance will depend on so many factors, we can’t give a very good estimate on how much you’ll pay.

We can, however, take a look at the average annual term life insurance rates for a 30-year-old female non-smoker to give you an idea of what you might pay. Just keep in mind that this will change depending on the type of insurance and the fact that your employer will likely cover some of the cost.

Average Annual Life Insurance Rates by Age & Gender
Policyholder Age and GenderAverage Annual New York Life RatesAverage Annual Prudential Financial RatesAverage Annual Lincoln National Rates Average Annual Massachusetts Mutual RatesAverage Annual Aegon / Transamerica RatesAverage Annual John Hancock RatesAverage Annual State Farm RatesAverage Annual Overall Rates
25-year-old female$158.00$195.00$187.00$132.00$164.00$172.00$143.00$164.50
25-year-old male$152.00$237.00$231.00$147.00$176.00$178.30$164.00$183.61
35-year-old female $164.00$196.00$191.00$137.00$161$178.30$166.00$170.47
35-year-old male$160.00$248.00$238.00$151.00$17.00$189.80$175.00$190.40
45-year-old female$262.00$314.00$239.00$209.00$229.00$241.50$238.00$247.50
45-year-old male$245.00$378.00$283.00$230.00$255.00$292.10$239.00$274.59
55-year-old female$414.00$496.00$435.00$373.00$453.00$407.10$341.00$417.01
55-year-old male$696.00$584.00$615.00$451.00$527.00$533.60$396.00$543.23
65-year-old female$924.00$941.00$903.00$763.00$1,139.00$937.30$684.00$898.76
65-year-old male$1,416.00$1,412.00$1,577.00$1,049.00$1,367.00$1,380.00$955.00$1,308.00
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MetLife life insurance rates will mostly depend on your employer. Rates can fluctuate based on the number of employees and employee demographics. However, many employers will pay at least a portion of the premium, so this may make it more affordable for some.

If you choose to take advantage of higher coverage limits or other add-ons, the increase in how much you’ll pay out-of-pocket will depend on some of your personal factors, such as age, medical history, location, etc.

While MetLife is generally comparable to other providers in price range, it may be more expensive for smokers.

How is MetLife rated?

MetLife is not BBB accredited and has a B- rating on its website. In the past year, they have closed 272 complaints on the BBB website, leaving them with a 1.27/5 star rating.

A.M. Best has given MetLife an a- rating, meaning they have an excellent chance at being able to meet their financial obligations.

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How can I get a quote and file a claim?

Because MetLife only offers life insurance through employers, MetLife life insurance quotes are not available. You would have to discuss with your employer the details of the policy and how much, if anything, you would have to pay.

If you purchased an individual life insurance policy before 2017, you or your beneficiaries can file a claim with MetLife using online forms at www.metlife.com/lifeinsuranceclaims.

If you have a MetLife life insurance policy through your employer, you or your beneficiaries can either access your MetOnline account or contact MetLife or your insurance agent directly.

How can I contact MetLife?

General inquiries can be made by calling (800) 638-5433. MetLife headquarters is located at 200 Park Avenue, New York, NY 10166.

Group term insurance policyholders can call (866) 492-6983. Group variable universal policyholders can call (800) 756-0124. Group universal policyholders can call (800) 523-2894.

MetLife is also known as the Metropolitan Life Insurance Company. However, in 2017, they stopped selling their individual life insurance policies, instead only offering group and employer-provided plans.

MetLife plans include group term life insurance, group variable universal life insurance, and group universal life insurance.

MetLife life insurance rates can vary widely based on your employer, the number of employees, and employee demographics. However, since your employer will most likely pay for at least part of the premium, this may be a more affordable option for you.

MetLife has a B- rating from the BBB and an a- rating from A.M. Best, which indicates there may be some better life insurance companies out there, but they certainly aren’t the worst.

If you need help finding affordable life insurance, enter your ZIP code into our free quote comparison tool below.