MetLife Life Insurance Review

MetLife is one of the world's largest life insurance companies, with operations in more than 40 countries. In Australia, they offer a full range of life insurance products through licensed financial advisers, including life cover, TPD, trauma and income protection. MetLife has a strong presence in both the retail and group insurance markets. Their retail products are known for competitive pricing and solid policy features, and they have invested in making the claims process as straightforward as possible.

Who MetLife suits

MetLife tends to suit people who want comprehensive retail cover at a competitive price. They are a good option for families, professionals and business owners who need tailored life insurance but are also conscious of cost. MetLife's pricing has been competitive for some time, which means you can often get strong policy features without paying the highest premiums in the market. They also suit people who value a straightforward claims process.

MetLife key strengths

• Product range covers life, TPD, trauma, income protection and business expenses
• Group insurance available through superannuation funds
• Both stepped and level premium structures available
• Own occupation TPD definition available for eligible occupations

Things to consider

• Products require arrangement through a licensed financial adviser
• May have fewer optional extras than some competitors like AIA (e.g. no wellness program)
• Stepped premiums increase with age, particularly noticeable in the 40s and 50s

MetLife life insurance FAQs

Is MetLife life insurance affordable?

MetLife has historically been competitively priced within the retail life insurance market. However, premiums depend on many factors including your age, health, occupation and cover amount. Comparing quotes across multiple insurers through an adviser gives you the best picture of where MetLife sits on price.

What cover types does MetLife offer?

MetLife offers life insurance, TPD, trauma and income protection through their retail product range. They also offer business expenses cover. All of these are arranged through licensed financial advisers.

Does MetLife offer group insurance through super?

Yes, MetLife has a significant group insurance business in Australia, providing cover through superannuation funds. Group cover through super can be different from retail cover in terms of definitions and features. It is worth comparing your group cover with retail options to understand what you actually have.

Does MetLife offer stepped and level premiums?

Yes, MetLife offers both stepped and level premium structures on their retail products. Stepped premiums start lower but increase each year with age. Level premiums start higher but are designed to remain more stable over time.

Is MetLife an Australian company?

MetLife is headquartered in the United States and operates in more than 40 countries. Their Australian operations are regulated by APRA and ASIC. They have had a significant presence in Australia for many years in both retail and group insurance.

Compare MetLife with 10+ insurers

Your Choice Life compares MetLife against 10+ of Australia's leading insurers to help you find good-value cover. It is free, with no obligation - get an instant quote online or request a comparison.

Your Choice Life Insurance - AFSL 277681 - AR 001318312. This is general advice only and does not consider your personal circumstances; consider the relevant PDS and TMD before deciding.