MetLife Streamlines Product Line Up and is Ready to Sunset all 1980 CSO Table Based Life Products
Effective August 31, 2008 our 1980 CSO Table products will be sunset.
This change has no effect on the current benefits of the insurance policies in-force. Policyholders retain all rights and privileges in their current policies including conversion privileges and the ability to modify coverage amounts. Other than the exceptions listed below, the only way to obtain one of the sunsetting products is to have an application signed by August 31 st and received in the home office by September 30 th.
Products Being Sunset as of August 31, 2008:
Term:
MetLife MetTerm
Universal Life Products:
MetLife Investors USA
Guarantee Advantage UL (1980 CSO)
Universal Advantage UL
General American
JSUL (05)
ULSG (03)
UL (01)
MetLife CT
MetLife Survivorship Life
MetLife MVP
Variable Universal Life Products :
New England Financial
Zenith Flexible Life 2002
Zenith Survivorship Life 2002
Private Placement Variable Survivorship Life
General American American
Vision VUL 2002
Equity Enhancement Variable Life
MetLife CT
MetLife Variable Life
MetLife Variable Life Accumulator Series III
MetLife Variable Survivorship Life II
MetLife Investors
Class VL
New England Financial
Whole Life Products:
General American
WL100
WL98
New England Financial
WL Select 250
EP65
Omega 5
MetLife CT
Presidential Whole Life*, PLIFE (412i)
MetLife's L-98 will be repriced on September 1 and all applications signed and dated this date and later will receive the new product which will be marketed as Whole Life.
In New Jersey only Guarantee Advantage UL (2001 CSO) replaced Guarantee Advantage UL (1980 CSO) and Universal Advantage UL, as of June 2, 2008. Applications for Guarantee Advantage UL (1980 CSO) or Universal Advantage UL must be signed and dated no later than June 2, 2008 and received in the Home Office no later than July 2, 2008.
Exceptions:
* For the Bahamas only Presidential Whole Life and MetLife MVP will remain available in the Bahamas for MetLife of CT term policyholders to accommodate term conversions.
Illustrations:
Sunset products will be removed in all illustration systems by November 7, 2008.
The sunsetting Term products will no longer be available in external quote engines as of August 31, 2008 which includes Compulife, Vital Term and iPipeline.
Following the sunset, the new available product line up is:
Equity Advantage VUL
Guarantee Advantage UL
Legacy Advantage SUL
Whole Life
Guaranteed Level Term
For additional information, contact Madison Brokerage at 888-539-3232.
Independent Distribution Group For Producer or Broker Dealer Use Only. Not for Use with the Public. PEANUTS (c) United Feature Syndicate, Inc. L06088725 (exp. 07/08) Life insurance products are issued in by MetLife Investors Insurance Company, MetLife Investors USA Insurance Company, MetLife Insurance Company of Connecticut, Metropolitan Life Insurance Company and, in New York only, by First MetLife Investors Insurance Company. All guarantees are based on the claims-paying ability and financial strength of the issuing insurance company. Variable products are distributed by MetLife Investors Distribution Company (MetLife Investors), Irvine, CA.