MetLife: Important Life Insurance Product Portfolio Update

MetLife will sunset several products effective Feb. 3, 2017

News Image 12-13-2016

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

February 3, 2017
Applications must be received in good order at the Home Office by this date.

March 3, 2017
Applications for term conversions that do NOT require underwriting must be received in good order at the Home Office by this date. The February 3, 2017 application deadline applies to term conversions that do require underwriting.

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. These products will not differ from the current MetLife versions as of the date of separation:
Premier Accumulator Universal Life
Guaranteed Level Term (minimum face amount will equal $1M)
One Year Term

Note that applications for these products can continue to be submitted after February 3, 2017. For applications submitted after this date, policies will be issued by Brighthouse Life Insurance Company (or Brighthouse Life Insurance Company of NY).

Please refer to the announcement attached, which has the important dates and FAQs, or contact your BUA Brokerage Sales Consultant for more information.

AgentSuite

Contact

BUA Life Sales
Phone: 1.800.792.6795