Metropolitan Insurance

Life

Insurance

  • Life insurance pays out a sum of money either on the death of the insured person or after a set period of time. Life Insurance is not complicated or expensive when you work with one of our licensed sales representatives. Let’s explore options to protect your loved ones.

Final Expense Insurance

 

Is an insurance policy used to pay for burial expenses and funeral services when the named insured dies.

Such a policy helps ease the financial burden placed on a family when a loved one dies. Protect your family from the burden of an expensive funeral. Speak with our burial insurance specialists to learn more about your options today.

 

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  • Final Expense coverage can pay for the casket, funeral service, visitation/viewing, hearse, digging and filling the grave, the actual cemetery plot, or burial vault or grave liner, minister, headstone, flowers, and other expenses related directly to named insured’s funeral.

Whole life insurance

 

Is a life insurance policy that remains in force for the insured’s whole life and requires (in most cases) premiums to be paid every year into the policy.

 

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Term life insurance

 

Is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the life insured dies during the term, the death benefit will be paid to the beneficiary.

 

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  • Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.

Universal Life Insurance

 

A type of permanent life insurance. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy.

The cash value is credited each month with interest, and the policy is debited each month by a cost of insurance (COI) charge, as well as any other policy charges and fees which are drawn from the cash value, even if no premium payment is made that month. Interest credited to the account is determined by the insurer, but has a contractual minimum rate of 2%.

 

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