Disability Insurance

It depends on the type of life insurance policy. MetLife offers Guaranteed Acceptance Whole Life Insurance, which is guaranteed acceptance-no medical questions or health exam.For most other MetLife products, your health does affect the price. Depending on your health status, MetLife will offer you a fair price for the risk that they take on when providing you with coverage (assuming you qualify for coverage). For example, there will be a difference in policies for someone who is a heavy smoker compared to the same person who has never smoked. Also, for MetLife's Simplified Issue Term Life Insurance, your health affects whether you qualify for coverage or not, but does not affect the price.

Permanent life insurance is protection for your entire life, as long as sufficient premiums are paid. Properly structured and maintained permanent life insurance builds equity in the form of cash value which you can use as you see fit. There are many different options and flexible policies to choose from to suit your needs (whole, variable, and universal life, to name a few.)

The two main types of life insurance are term life insurance, which offers coverage that may be purchased for a specific time period, and permanent life insurance, which offers protection for an entire lifetime. MetLife offers a number of affordable term life insurance products and several types of permanent life insurance, including whole life insurance, universal life insurance, variable universal life insurance, and survivorship life insurance.

It depends. The period of time you'll need coverage for should be the main factor. For example, if you have young children, you may want to consider 20 or 30 years of term life coverage to help your children for college or other future financial endeavors. On the other hand, if your children are out of college and supporting themselves, a shorter coverage period might suit your needs better.

Term life insurance is life insurance coverage designed to be purchased for a specific time period, typically between 10 and 30 years. Term life insurance is an affordable way to get maximum coverage throughout that time frame, and so is great for helping to cover specific financial responsibilities, such as paying for a mortgage or saving for college expenses.

Policy owner 
The policy owner is the person who owns the life insurance policy. In many cases, the policy owner is also the person who is insured by the policy. However, the policy owner may also be a relative of the insured, a trust, partnership, or a corporation.

Beneficiary 
A beneficiary is the person(s) selected by the policy owner to receive the life insurance payments upon the death of the insured.

Premium 
Premiums are the payments made to the insurance company to purchase and keep a policy active.

Death benefit 
A death benefit is the amount paid to the beneficiary at the time of the death of the insured.

Face amount 
The face amount of the policy is the amount of the death benefit as stated in the policy. This does not include additional amounts that the policy may provide.

Insured/insured life 
Insurability refers to how likely an applicant is to be offered coverage based on current health, medical background, family history and other factors.