Met Life Current Rates, News & Information
Government Wants AIG to Finish Bailout Repayment
Posted in AIG , Life Insurance , Met Life
September 27th, 2010
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Life insurance company, American International Group Inc. (AIG), may return to independence soon. Ready to get rid of debt and finally fully repay the bailouts handed out in 2008 and 2009, the U.S. Treasury Department could announce plans for repayment as early as this week.
Tentative Plans for Repayment 
The Life Insurance Retained Asset Account Investigation
Posted in Life Insurance , Life Insurance Companies , Met Life , Prudential
September 9th, 2010
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Beneficiaries Warned About Life Insurance Payouts
Posted in Life Insurance , Met Life , Prudential
August 16th, 2010
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On Sunday, the National Association of Insurance Commissioners issued a consumer alert about the industry practice of retaining life insurance funds. This alert follows a recent series of subpoenas from the New York State Attorney General to life insurance companies that he suspected were holding funds in retained-asset accounts to grow interest and make money rather than distributing life insurance policy funds to beneficiaries.
Today’s News: More Life Insurers Subpoenaed, Young Drivers Have Higher Crash Rates and 1 in 5 Californians Uninsured
Posted in Auto Insurance , Health Insurance , Life Insurance , Met Life , Prudential
August 16th, 2010
2 Comments
The New York State Attorney General has subpoenaed more life insurance companies, a new report shows that young drivers have significantly higher auto accident rates and one in five California residents are go without health insurance.
More Life Insurers Subpoenaed
Recently, New York State Attorney General Andrew Cuomo announced that he would be opening a fraud investigation that looked into how life insurance companies were paying out their benefits. At the time, he had already subpoenaed Prudential Financial and MetLife on suspicion that the companies may had been retaining beneficiary funds in company-controlled accounts instead of paying out lump sums as agreed.
Consumers May Mistakenly Believe Life Insurance Accounts Are FDIC-Insured
Posted in Life Insurance , Met Life , Prudential
August 13th, 2010
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The Federal Deposit Insurance Corporation (FDIC) recently revealed concerns that consumers may mistakenly believe their life insurance accounts are FDIC-insured. This concern came in the wake of recent media reports that the life insurance industry may be holding onto money due to beneficiaries rather than issuing them lump sum checks because the interest rates they earn are higher.
Today’s News: Digital Medical Records on 5-Year Deadline, AG Probes Life Insurance Industry and Policyholders Choose Not to Sue Auto Insurance Companies
Posted in Auto Insurance , Health Insurance , Life Insurance , Life Insurance Companies , Medicare , Met Life
August 11th, 2010
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The Obama administration has given the medical world five years to figure out how to move all medical records to a digital format, the New York attorney general is pushing for a probe into the life insurance industry and individuals recently surveyed revealed that if given the opportunity, they would not be interested in suing their auto insurance companies.
Today’s News: Gov’t Blocks Health Insurer Mergers, Home Insurance Necessary for Hurricane Season and Life Insurance Assessment Tool Available
Posted in Health Care , Health Insurance , Home Insurance , Hurricane Insurance , Met Life
July 19th, 2010
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President Barack Obama is warning health insurance companies that he won’t hesitate to block any company mergers that will stifle competition, while also warning homeowners to protect their homes against a rapidly-approaching hurricane season. Also, MetLife is offering a new tool to help individuals choose life insurance options more effectively.
MetLife Says Less Than Half of People on Disability Have Income Coverage
Posted in Life Insurance , Life Insurance Companies , Met Life
May 14th, 2010
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A new study from MetLife revealed that three in five individuals who were out of work for at least six months as a result of a disability did not have disability insurance. The study, known as the MetLife Study of the Emotional and Financial Impact of Disability, also found that among the individuals who did have disability coverage, about one-third of their income was protected on average.
Life Insurance Coverage: Employers Being Asked to Close Gap
Posted in Life Insurance , Met Life
April 7th, 2010
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On Wednesday, MetLife announced the availability of a new resource that would highlight the consequences of inadequate life insurance coverage from the beneficiarys perspective. The resource is aimed toward employers who offer life insurance and asks that they take on some responsibility to help employees build a strong financial safety net.
AIG Reaches Deal with MetLife for Life Insurance Company
Posted in AIG , Life Insurance , Met Life
March 9th, 2010
3 Comments
After working with MetLife in an effort to sell its American Life Insurance Company (ALICO), the two companies were finally able to strike a deal. For $15.5 billion, AIG will be selling its second-largest foreign life insurance business and in turn, own roughly one-fifth of MetLife.