Urgent: Metlife to Discontinue Numerous Products

 

Effective February 3, 2017, MetLife will sunset the following products:

  • Promise Whole Life
  • Promise Whole Life 120
  • Promise Whole Life Select 10
  • Promise Whole Life Select 20
  • Promise Whole Life Select 65
  • Guaranteed Level Term (face amounts less than $1M only)
  • Secure Flex Universal Life
  • Provider Universal Life
  • Legacy Advantage Survivorship Universal Life
  • Equity Advantage Variable Universal Life

Key dates for this product sunset are as follows:

February 3, 2017 Applications must be received in good order at the MetLife Home Office by this date.
March 3, 2017 The February 3, 2017 application deadline applies to term conversions that DO require underwriting. Applications for term conversions that DO NOT require underwriting must be received in good order at the MetLife Home Office by this date.
April 28, 2017 Issue deadline.
May 26, 2017 Payment deadline.

Following the separation of U.S. Retail, Brighthouse Financial will make the following life insurance products available for sale:

  • Premier Accumulator Universal Life
  • Guaranteed Level Term (minimum face amounts of $1M and above)
  • One Year Term

These products will not differ from the current MetLife versions as of the date of separation.

  • Please refer to this web page for more information.
  • For a PDF version of this announcement, click here.

Have more questions or need help?
Call Network Partners today at 800-927-2537
or email us at sales@networkpartnersintl.com

FOR PRODUCER USE ONLY — not intended for use in solicitation of sales to the public. Products offered through Tellus are not approved for use in all states and may not be available to all producers. This is prepared for general information and education. No attempt is made to offer tax or legal advice nor to set forth solutions for individual problems. Thank you for your business. 12.16  


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