MetLife announced Wednesday that four of its life insurance subsidiaries approved an aggregate payment amount of approximately $1.36 billion in policy dividend payments to eligible life insurance policyholders for 2012.
Those subsidiaries include Metropolitan Life Insurance Company, MetLife Investors USA Insurance Company, New England Life Insurance Company and General American Life Insurance Company.
“Despite the uncertainty in the financial markets, MetLife’s long-standing disciplined practices continue to create benefits that we can pass on to our eligible policyholders. This significant dividend pay-out reinforces our commitment to providing policyholders with value,” said Gene Lunman, senior vice president, MetLife. “MetLife continues to focus on bringing competitive life insurance products to market and managing its business for the long-term performance, as demonstrated by the company’s financial strength and stability.”
Life insurance policy dividends are based on the performance of participating policies, including investment returns, mortality, persistency, and expenses, among other factors, and are therefore not guaranteed. Eligible life insurance policyholders include MetLife clients with certain in-force permanent life insurance policies, primarily whole life, and certain term life insurance policies.