Met life Insurance : Three Main Options
MetLife is a leading name in the field of life insurance. If you have financial dependents, life insurance should be a vital investment. Met life Insurance can help you to find a suitable insurance solution, so that it can take care of your dependents. There are various types of life insurances available like a Permanent Life Insurance or a Term Life Insurance.
In America Met life Insurance is the largest insurer. The company offers its services for individuals, small businesses as well as large institutions. It also deals in savings and retirement products. Since it serves 88 of the Fortune 100 largest companies, it can boast of a large global market in about 12 countries.
Three Options
Met life Insurance has three main options to offer, the Limited Pay Whole Life Insurance, the Money Back Assurance and the Endowment Assurance. Most of the Met life Insurance Riders like accidental death benefit and a waver of premium. They also prefer term insurance.
Limited Pay Whole Life Insurance
The Limited Pay Whole Life Insurance is ideal for people who would like to have lifetime protection. This Met life Insurance policy is ideal for those who want to pay affordable premiums and are also looking for cash value of the policy. Tax advantages are also taken into consideration by the customers.
The policy has a fixed premium amount and a fixed premium period. The customer can choose the term of payment, it could be 15, 20 or 25 years of age. It is covered till the age of 100 and there is a cash value of the policy during the policy's life. So, with this Met life Insurance policy your life is protected till the age of 100 and your insurance amount can be collected on your 100th birthday or at your death, whichever comes first.
Money Back Assurance
In the Money Back Assurance Policy the customer wants the money back at regular intervals. Since he needs to grow his savings, he uses the insurance not only as protection, but also to give him tax advantages. This policy has a payback of 20% of sum assured at regular intervals of five years, that is, 5,10 and 15 years. The premium amount is fixed and the payment period is fixed too.
The customer gets a guaranteed surrender value of this Met life Insurance policy during the life of the policy, starting from the first three years. Hence for house loan, or a child's education the policy can be used. In case of the policy owner's death, the family gets the face amount of the policy and in addition to that 10% of the face amount of the policy for each year of premium paid.
Endowment Assurance
The Endowment Assurance Policy is for people who are looking at future prosperity. They are not only looking at tax advantages and protection, but also access to cash value of the policy.
The policy offers the same kind of guarantee as the Money Back Assurance Policy, but there is a special loan facility which can be taken after three years. In fact 90% of the cash value can be takes as loan. Take the help of Met life Insurance advisors, who can help you to choose the best Life Insurance policy which suits your needs.
