Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

MetLife Releases 2001 CSO Whole Life Policy

Your article was successfully shared with the contacts you provided.

A large insurer has moved all of its life insurance products to the 2001 Commissioners’ Standard Ordinary Mortality Table.

The life insurance unit of MetLife Inc., New York, completed the shift by releasing a 2001 CSO version of its whole life policy, MetLife says.

The introduction of the new whole life product will not affect holders of MetLife whole life products already in force, but members of existing group term life plans will be able to convert to the new whole life product, MetLife says.

The new whole life policy will offer lower premiums for most nonsmokers, and it will offer a higher internal rate of turn for the 10th and 20th policy years, MetLife says.

MetLife also has updated the policy’s optional paid-up additions insurance rider. The premium load has fallen to 3%, from 5%, the company says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.