MetLife To Pay $1.5 Billion In Policy Dividends

A subsidiary of a major northeastern-based insurer has announced a distribution of dividends to its life insurance policyholders.

Metropolitan Life Insurance Co., a unit of MetLife, Inc., New York, (NYSE: MET), approved policy dividend payments of approximately $1.5 billion to eligible life insurance policyholders for 2010. The policyholders include MetLife clients with certain in-force permanent life insurance policies, primarily whole life, plus certain term life insurance policies, according to MetLife.