Metropolitan Life Insurance Company

Metropolitan Life Insurance Company Review

Reviews: 1

1 RATING
(1)

Total views: 4015

Published: 12 October 2018

Posted by: Anonymously

In 2004, I was sold long term care Insurance for my wife and I by a Metlife representive. We were told that Metlife had been in the business since 1986 and were experts in the business. We told that there was little or no chance of a premium increase and if so, they would be minimal. In 2010, we got a notice of a 17% increase. We just received another 25% increase in 2014. When I called the North Carolina Insurnace commision, they told that MetLife had applied for a 58% increase so you know we will be facing another increase in the near future. It is appears Metlife’s plan is to sell their Long Term Care Insurance at a reasonable rate when you are young and do not need it and as you get closer to the age of possibly using the benefits, raise the prices so high you can no longer afford the insurance. .

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