Voluntary Benefits from MetLife Auto and Home and VPI Pet Insurance
With MetLife Auto and Home’s group insurance program, you could receive special savings and value-added benefits, because you’re a Loyola Marymount University employee. You may also save more with our multi-policy savings when you insure both your home and auto with MetLife Auto and Home.
Because these are employee benefits, we offer a variety of flexible payment options to make paying for your insurance easier. You can choose to pay your premium through automatic payroll deduction, select direct bill as your preferred payment option or use your favorite credit card* to pay your premium.
In addition to auto and home insurance, we offer a variety of other insurance polices to meet your diverse needs including: boat, condo, motor home, recreational vehicle, and renter’s.
MetLife Auto and Home VPI Pet Insurance
You want the best for your pet. While it’s hard to anticipate accidents and illnesses, VPI Pet Insurance makes it a little easier to be prepared for them. From wellness care to significant medical incidents, veterinary pet insurance is the smart way to protect your pet’s health―and your pocketbook. Veterinary
Pet Insurance provides benefits for veterinary treatments related to accidents and illnesses, including cancer. A VPI policy covers diagnostic tests, X-rays, prescriptions, hospitalization, and more.
Optional CareGuard® wellness coverage is also available for dogs and cats, providing reimbursement for the preventive care necessary to keep pets healthy year after year. With VPI, you have the freedom to choose a vet who you know and trust. You may visit any licensed veterinarian worldwide. Protect your pet and enroll today.
Contents
About MetLife Auto and Home Wiki
MetLife, Inc. is the Holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife Auto and Home and its affiliates. MetLife is one of the world’s largest providers of insurance, annuities, and employee benefit programs, with 90 million customers in more than 60 countries. The company was founded on March 24, 1868.
On January 6, 1915, MetLife completed the mutualisation process of switching from an individually owned stock life insurance company to a mutual company with no outside shareholders and for the benefit of policyholders.
The company went public in 2000. Through its subsidiaries and affiliates, MetLife has leading market positions in the United States, Japan, Latin America, the Asia-Pacific region, Europe, and the Middle East.
MetLife serves 90 of the largest Fortune 500 companies. The company’s main offices are located at 1095 Avenue of the Americas in Midtown Manhattan, New York City, although it retains some executive offices and its boardroom in the MetLife Building, located at 200 Park Avenue, New York, which he sold in 2005.
As of 2010, the company was “organized into five segments: Insurance Products, Retirement Products,” the US Business (including Auto & Home and Corporate Benefit Funding), and International. The Insurance Products division was the largest unit, accounting for 53% of 2009 revenue.[17] By 2015, a division referred to as “Americas” had emerged
As of May 2019, MetLife’s chief executive officer was Michel A. Khalaf and its non-executive chairman of the board was Glenn Hubbard.
In 2015, MetLife hired Hugh Dineen to fill the new role of chief marketing officer within the US Business Unit.
As in many large, public corporations, MetLife Auto and Home has a compensation committee which establishes compensation levels for the company’s senior executives; MetLife compensation emphasizes “variable performance-based compensation over fixed or guaranteed pay
Subsidiary and affiliate companies
MetLife Auto and Home subsidiaries and affiliates
MetLife subsidiaries and affiliates have included MetLife Investors, MetLife Bank, MetLife Securities, Metropolitan Property and Casualty Insurance Company and its subsidiaries, General American, MetLife Legal Plans, MetLife Resources, New England Financial, Walnut Street Securities, Inc., Safeguard Health Enterprises, Inc., and Tower Square Securities, Inc., Cigna
The subsidiary MetLife Insurance Company USA, as of 2015 headquartered in Charlotte, North Carolina, was formerly known as MetLife Insurance Company of Connecticut, and prior to this as Travelers Insurance Company.
MetLife Bank was sold to GE Capital in 2013, and MetLife exited the banking business.
Metlife in partnership with Tishman Realty & Construction co-owns the Walt Disney World Swan and Dolphin resort in Lake Buena Vista, Florida. The land on which the hotels are located on is owned by The Walt Disney Company and is leased to Metlife and Tishman (which owns the buildings) and operated by Marriott International as a Westin hotel
The predecessor company to MetLife began in 1863 when a group of New York City businessmen raised $100,000 to found the National Union Life and Limb Insurance Company. The company insured Civil War sailors and soldiers against disabilities due to wartime wounds, accidents, and sickness. On March 24, 1868, it became known as Metropolitan Life Insurance Company and shifted its focus to the life insurance business.
MetLife Auto and Home Products and services
MetLife Auto and Home Life insurance
MetLife’s individual life insurance products and services comprise term life insurance and several types of permanent life insurance, including whole life, universal life, and final expense whole life insurance.
These services vary in regards to the duration and amount of coverage available and whether a medical exam is required for coverage. The company also offers group life insurance, provided through employers, which consists of term life, permanent life, and accidental death and dismemberment coverage. MetLife Auto and Home is the largest life insurer in the United States, based on life insurance in-force.
MetLife Auto and Home Dental
MetLife offers group dental benefit plans for individuals, employees, retirees and their families and provides dental plan administration for over 20 million people. Plans include MetLife’s Preferred Dentist Program (PPO) and the SafeGuard DHMO (available for both individuals and employees in CA, FL, TX, NJ and NY.).
As of May 2010, MetLife’s dental PPO network included over 135,000 participating dentist locations nationwide while the dental HMO network included more than 13,000 participating dentist locations in California, Florida and Texas.[99] MetLife also administers dental continuing education program for dentists and allied health care professionals, which are recognized by the American Dental Association (ADA) and the Academy of General Dentistry (AGD).
MetLife Auto and Home Disability
MetLife provides disability products for individuals as well as employee and association groups who receive them through their employer. For individuals, the company’s individual disability income insurance can replace a portion of lost income if an individual is unable to work due to sickness or injury.
MetLife offers several individual disability income policies, including MetLife Income Guard, OMNI Advantage, OMNI Essential, Business Overhead Expense, and Buy-Sell.
The policy options provided by the company vary in terms of eligibility and the provided coverage. For groups, MetLife offers short term disability insurance and long term disability insurance. Short term disability insurance is structured to replace a portion of an individual’s income during the initial weeks of a disabling illness or accident.
Long term disability Insurance serves to replace a portion of an individual’s income during an extended period of a disabling illness or accident.
The company also maintains an absence management product which allows employers to track and manage both planned and unplanned employee absences. The product, which MetLife calls MetLife Total Absence Management, is structured for businesses with 1,000 or more employees.
MetLife Auto and Home Annuities
MetLife is among the largest providers of annuities in the world, recording $22.4 billion in sales during 2009. MetLife offers annuities which consist of fixed annuities, variable annuities, deferred annuities and immediate annuities. In 1921, MetLife was the first company to issue a group annuity contract.
More recently in 2004, it was the first insurer to introduce a longevity insurance product. As of December 31, 2009, MetLife globally managed group annuity assets of $60 billion with $34 billion of transferred pension liabilities and provided benefit payments to over 600,000 annuitants per month.
MetLife Auto and Home Auto & Home
MetLife Auto & Home is the brand name for MetLife’s nine affiliate personal lines insurance companies. Collectively these companies offer personal lines property and casualty insurance policies in all 50 states and the District of Columbia. The flagship company in the MetLife Auto & Home group, Metropolitan Property and Casualty Insurance Company, was founded in 1972. MetLife Auto & Home companies presently have over 2.7 million active policies and service 58 of the Fortune 100 companies.
MetLife’s home insurance includes homeowners insurance, condo insurance, renters insurance, insurance for landlords, and mobile home insurance. The available policies for MetLife’s home insurance provide coverage for possessions, property damage from natural disaster or theft, and various legal expenses incurred resulting from injuries sustained on an individual’s property.
The companies also sell RV, ATV, boat, mobile home, collectible vehicle, and motorcycle policies and offers flood insurance policies as a participant in the National Flood Insurance Program (NFIP), which is managed by the federal government.
MetLife’s various types of coverage for auto insurance include liability protection, collision and comprehensive coverage, personal injury protection, rental car coverage, and uninsured and underinsured motorists coverage. Through an arrangement with Hyatt Legal Plans, a subsidiary of MetLife, MetLife Auto & Home underwrites group legal plans in many states.
It was the first national insurer in the United States to offer identity-theft resolution services at no extra premium and as of 2012 continues to do so today in most United States states.[126][127] In 2010, MetLife Auto & Home began offering their GrandProtect plan in most states.
This GrandProtect policy simplifies complex insurance needs by combining a client’s home, valuable items, autos, RVs, and boats into one comprehensive policy package. The ultimate benefits to the consumer are having one bill, only one deductible, comprehensive coverage, and typically lower rates than trying to get each policy individually.
On December 11, 2020, Farmers Insurance Group, which is owned by Zurich Insurance agreed to purchase MetLife’s auto and home insurance business for $3.94 billion. At the time of announcement, MetLife auto and home was 18th largest auto insurer in the U.S, with a presence in all 50 states writing $2.4 billion in auto premiums in 2019.
Farmers Insurance Group completed it’s purchase of MetLife’s auto and home books of business on April 8, 2021. As part of the transaction, Farmers secured a 10-year marketing agreement with MetLife to offer Farmers products on MetLife’s group benefits platform, currently serving over 3,800 employers and 37 million employees of the companies utilizing MetLife to provide employee benefits. Farmers acquired MetLife policies as is, with no immediate intentions on changing the policy terms of existing MetLife customers to match those of current Farmers policies
MetLife Auto and Home Other products
MetLife’s products also include critical illness insurance. Financial services include fee-based financial planning, retirement planning, wealth management, 529 Plans, banking, and commercial and residential mortgages.
The company also provides retirement plan and other financial services to healthcare, education, and not-for-profit organizations. The MetLife Center for Special Needs Planning is a group of planners which serve families and individuals with special needs. In 2014, MetLife launched MetLife Defender, a digital identity theft protection product.
MetLife Auto and Home International presence
Outside of the United States, MetLife operates in Latin America, Europe, Asia’s Pacific region, and the Middle East, with leading market positions in Mexico, Japan, South Korea and Chile.
On March 8, 2010, MetLife announced its intent to purchase the international leader life-insurance business, American Life Insurance Company (Alico), from American International Group (AIG). MetLife, which completed the deal on November 1, 2010, paid approximately $7.2 billion in cash and $9.0 billion in MetLife equity and other securities.
The securities portion of the deal consisted of 78.2 million shares of MetLife common stock, 6.9 million shares of contingent convertible preferred stock and 40 million equity units. The values of the common and preferred stock were based on the closing price of MetLife’s common stock on October 29.
Upon completion of the purchase, MetLife became a leading competitor in Japan, the world’s second-largest life insurance market, and moved into a top 5 market position in many high growth emerging markets in Central and Eastern Europe, such as Romania, the Middle East and Latin America. The deal added 20 million customers to MetLife’s 70 million and according to Barron’s more than doubled the percentage of operating profits that MetLife gets abroad to 40%.
In India MetLife has an affiliate company India Insurance Company Limited (MetLife) which has operated in India since 2001. This company has its headquarters in Bangalore and Gurgaon and was jointly owned by MetLife and a few local Indian financial companies. In 2012 an agreement was made with local Indian bank, the Punjab National Bank to establish a strategic alliance and for it to take a 30% share in MetLife India. The state owned bank would in return sell MetLife insurance products in its branches
As of 2015, Julio Garcia-Villalon leads the Middle East & Africa regional business, which is headquartered in the Dubai International Financial Centre and has operated in the region since the 1950s.
MetLife Auto and Home Foundation
MetLife Foundation is MetLife’s independent charitable and grant-awarding foundation. It was founded in 1976 and had provided over $650 million in grants by January 2015. The foundation has partnered with and donated to a variety of organizations, including Habitat for Humanity since 2010 and the Martin Luther King, Jr. National Memorial Project Foundation since 2008.
In 2013, the MetLife Foundation announced a new focus on financial inclusion,[143] including educational programs on basic financial planning for disadvantaged children and financial services aimed at low-income communities. According to the OECD, MetLife Foundation’s financing for 2019 development increased by 20% to US$14 million.
Read: Assurant Renters Insurance: How to Calculate Your Renters Insurance Coverage
MetLife Auto and Home Relationship with Peanuts
MetLife’s use of comic strip characters, according to chief marketing officer Esther Lee, was intended “to make our company more friendly and approachable during a time when insurance companies were seen as cold and distant.”
MetLife licensed Snoopy and other Peanuts characters for promotional purposes from the Iconix Brand Group, which owns the promotional rights to the works of Charles M. Schulz. In 2010, Iconix formed a joint venture with Schulz’s heirs (as Charles Schulz himself died in 2000), buying out E. W. Scripps Co. and United Features Syndicate for $175 million. MetLife was reported to pay $12 million per year to Iconix for licensing rights.[150] Prior to the Iconix deal, MetLife had licensed the characters from other rights-holders.
The Peanuts-based campaign was developed by the advertising agency Young & Rubicam. MetLife also has used Foote Cone & Belding to develop Peanuts-related promotions.
MetLife announced the end of its 31-year relationship with Peanuts on October 20, 2016. This decision resulted from the company’s sale of its life insurance business to concentrate on corporate clients.[149] MetLife’s new blue and green logo was criticized for being a knock-off of comparison website Diffen.
MetLife Auto and Home Blimp and sports sponsorship
The MetLife blimp program began in 1987 with the “Snoopy 1” airship and, in 1994, expanded to include the “Snoopy 2” airship. The program provided aerial coverage to over 80 major sporting events every year and became the official aerial coverage provider of the PGA Tour.
“Snoopy 1” and “Snoopy 2” also provided overhead television coverage for the NFL, CBS College Football, the LPGA, the NBA Finals, Copa Chile, the Preakness Stakes, and the Kentucky Derby. When MetLife ended their ‘’Peanuts’’ branding, they also brought the blimp program to a close.
On August 23, 2011, MetLife agreed to a 25-year sponsorship deal to rename New Meadowlands Stadium in East Rutherford, New Jersey, home of the NFL’s New York Giants and New York Jets to MetLife Stadium. On January 16, 2017, MetLife agreed to a five-year sponsorship to rename Seibu Dome in Tokorozawa, Saitama Prefecture in Japan as the MetLife Dome.
From 2014 to 2017, MetLife was the title sponsor of the BWF Super Series badminton tournament.
MetLife Auto and Home Ideal weight
In 1959, The Metropolitan Life Insurance Company (as it was known at the time) released tables of the best weight for each height for longevity, based on their collected insurance data. These tables showed the “desirable weights”.
In 1983, they released tables showing the “ideal” weights for greatest longevity; this information was based on data collected in the Build Study of 1979 collected by the Society of Actuaries. This data followed patients for 18 years (1954–1972) and was collected from 25 life insurance companies in Canada and the United States, representing 4.2 million people.
These “ideal” weights were higher than the prior “desirable” weights, this was attributed to an increase in muscle mass due to improved fitness levels among the population. This study is still the largest available pool of data for this purpose. It was noticed that the average weights in the population are higher than the ideal weights for survival.
The ‘’’Metropolitan Tables’’’ included ‘’small’’, ‘’medium’’ and ‘’large’’ frames, based on elbow-girth measured using calipers, as the elbows do not develop adipose tissue. They presented weight ranges for height, sex and body frame (again associated with the lowest mortality) The midpoint of the ideal weight for the medium frames for each height was selected as the “ideal” weight used for calculations of “excess weight” (initial weight minus ideal weight).
This led to a formula to calculate the ideal weight used by bariatric surgeons, but it had lost considerable accuracy by 2007, again due to improvements in medical care and in public health.
Metlife Auto and Home Frequently Asked Question
Is MetLife a good home and auto insurance company?
MetLife is a pretty good insurance company and is rated 2.6/5 by WalletHub’s editors, based on customer reviews, insurance quotes, and ratings from third-party organizations. MetLife scores well when it comes to the types of insurance options available and customer service, but poorly in areas like discouts
How do I contact MetLife?
To have a MetLife Representative contact you, please call 1-877-638-2862 or MetLife Auto & Home 700 Quaker Lane, PO Box 350 Warwick, RI 02887 www.metlife.com. Thank you for your interest in MetLife!
Who took over MetLife Auto Insurance?
Farmers
Farmers Completes Acquisition of MetLife Auto & Home Business for $3.9 Billion. Zurich Insurance and Farmers Exchanges have closed on buying MetLife’s U.S. property/casualty business for $3.94 billion.
How do I check my MetLife status?
Can I check the status of my claim? Yes, you can. Once we receive the documents, you can call our customer service team at 1-800-638-5000 for updates.
…Online. …
Email to [email protected].
Fax to 1-908-655-9586.
Mail via USPS to the address provided on your claim kit.
Does MetLife have 401k?
MetLife’s 401(k) Plan offers you one of the best ways to help you reach your financial goals in retirement. If you’re not contributing to the 401(k) Plan, you are missing out on a great opportunity to save on your own for retirement, and you are not taking advantage of the Company Matching Contribution.
MetLife Auto and Home®: Mastering DisasterSM: Theft Prevention
