In a Nutshell
- Instant coverage of up to $500,000
- Underwritten by MetLife, a major insurance company
- Only offers term life policies
- Policy cannot be extended to family members
Thanks to a fast application process and few entry requirements, MetLife’s Rapid Term Life Insurance is an ideal solution for a wide range of customers. Additionally, not having to worry about a complicated medical examination is beneficial if you’ve been denied previously or would simply prefer not to take an exam. MetLife offers a competitive range of policy coverage, as well as excellent term duration flexibility. Overall, the fast approval process and competitive features mean MetLife’s term life insurance is an excellent choice if you need quick coverage and are happy with a lower coverage amount than other competitors may offer.
MetLife offers a well-rounded resource center that contains a variety of tools designed to help navigate the policy process and identify other needs. The center includes a form library that hosts all the necessary application forms, as well as information regarding the claims process and contact details for getting started. Another benefit of the resource center is the tools for customers that have been victims of domestic abuse, to make confidential documents requests.
As a world leader in insurance and financial services, MetLife holds a high score from the major global insurance and credit rating bureaus. The company has an A+, or superior rating, from A.M. Best; AA-, or very strong, from Fitch; Aa3, or high quality, from Moody’s; and an AA-, or very strong, from Standard & Poor’s.
Getting started with MetLife’s Rapid Term life policies only takes a few minutes. The process begins with filling out a basic questionnaire before receiving a quote based on the information provided. After approving the quote, you must then fill out a 3-page application that includes personal and contact information, a series of questions regarding your health, and some smaller details. Once complete, the application is sent to MetLife offices, where the company runs a scan of public medical databases and if the scan reveals nothing out of the ordinary, you will be approved and your coverage begins immediately. Overall, the process is fast, painless, and very straightforward.
Policy Types and Terms
The Rapid Term Life insurance policies are designed to be flexible, lean, and strong enough to provide the coverage necessary for any situation. One of the most appealing aspects of this policy is the ease and speed with which you can receive approval and subsequent coverage. Unlike many other life insurance providers, the entire Rapid Term Life policy application process can be carried out online or over the phone. The coverage amounts of up to $500,000 are bolstered by a range of terms available between 10, 15, 20, 25, and 30 years.
MetLife does not require a medical examination for its Rapid Term policies, instead relying on a few medical questions and a scan through public records databases. This raises premiums to a degree, but is an excellent trade-off if you’re in need of quick coverage, or if you have medical conditions that may preclude you from receiving approval from other competing policies.
Finally, MetLife will automatically renew policies on a yearly basis once they have expired, to ensure that you do not go without coverage, while still giving you the option of cancelling at the end of the term.
Help and Support
You can reach MetLife via a toll-free number or email. The company’s representatives are well-trained and knowledgeable and waiting times are reasonable. Email enquiries are usually answered within an average of 1 business day, although that may vary depending on the request. Overall, MetLife offers a high level of customer service and support.
Metropolitan Tower Life Insurance, better known as MetLife, is one of the largest insurance, employee benefits, and annuities providers in the world. Founded in 1868, the company expanded from its roots in New York and now counts roughly 100 million customers in more than 60 countries. MetLife works with major corporations, including 90 Fortune 500 members in the United States alone.
With a fast application and straightforward approval process, you can go from shopping and comparison to coverage in just a matter of a few days. The company offers a level of service, customer support, and makes getting a suitable policy easy. MetLife’s strong financial standing makes it a reliable partner for life insurance, and over a century of experience in the field means that it is well qualified to handle any specific needs that may arise.
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