MetLife, Inc. is that the holding corporation for the Metropolitan life assurance Company (MLIC), better referred to as MetLife, and its affiliates. MetLife is among the most important global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries. The firm was founded on March 24, 1868. MetLife dental ranked No. 43 within the 2018 Fortune 500 list of the most important us corporations by total revenue.
On Epiphany, 1915, MetLife completed the mutualization process, changing from a stock life assurance company owned by individuals to a mutual company operating without external shareholders and for the advantage of policyholders. After 85 years as a mutual company, MetLife demutualized into a publicly-traded company with an initial public offering in 2000.
Through its subsidiaries and affiliates, MetLife holds leading market positions within us, Japan, Latin America, Asia’s Pacific region, Europe, and therefore the Middle East. MetLife serves 90 of the most important Fortune 500 companies.
The company’s principal offices are located at 200 Park Avenue, NY City in Midtown Manhattan, NY City, though it retains some executive offices and its boardroom within the MetLife Building, located at 200 Park Avenue, NY City, which is sold in 2005.
In January 2016, the corporate announced that it might bear its U.S. retail business, including individual life assurance and annuities for the retail market, during a separate company called Brighthouse Financial, which launched in March 2017. The continuing MetLife company kept naming rights to MetLife Stadium in northern New Jersey.
Metlife dental insurance coverage
MetLife offers group dental benefit plans for people, employees, retirees, and their families and provides dental plan administration for over 20 million people. Plans include MetLife’s Preferred Dentist Program (PPO) and therefore 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 quite 13,000 participating dentist locations in California, Florida, and Texas. MetLife also administers dental continuing education programs for dentists and allied health care professionals, which are recognized by the American Dental Association (ADA) and therefore the Academy of General Dentistry (AGD).
Did you recognize that preventive oral care not only keeps your teeth healthy but can also prevent unexpected costs and pain that always accompany oral surgery and emergency procedures? Are you ready for dental coverage that helps keep you smiling?
Keep Your Smile and Your checking account Healthy
Whether you’re in need of routine cleanings, braces, or a filling, a solid dental plan makes it easier for you to assist protect your smile and your budget.
Looking for Car insurance?
Routine visits to the dentist help prevent costly dental bills afterward, also as problems linked to medical conditions like diabetes or heart condition.
If you’ve got a choice of plans, consider your oral health needs and skill to buy unexpected major services, sort of a crown.
If you’ve got children, consider more comprehensive coverage for fewer out-of-pocket costs, also as an option for braces.
Find a Metlife Dental here.
Dental Insurance FAQs
What is the MetLife Preferred Dentist Program?
MetLife’s Preferred Provider Organization (PPO) plans feature the MetLife Preferred Dentist Program, which is meant to save lots of you money on dental services.1 you’ll choose between thousands of participating general dentists and specialists nationwide. Plus, you’ll enjoy lower out-of-pocket costs for in-network services, freedom to use any dentist, and fewer paperwork.
What is a participating dentist?
A participating dentist may be a general dentist or specialist who has agreed to simply accept negotiated fees as payment fully for covered services. Negotiated fees typically range from 30 – 45% but the typical charges during a dentist’s community for similar services. Negotiated fees refer to the fees that in-network dentists have agreed to simply accept as payment fully for covered services, subject to any copayments, deductibles, cost-sharing, and benefit maximums. Negotiated fees are subject to vary.
How do I find a participating dentist?
You can find the names, addresses, specialties, languages spoken, and telephone numbers of participating dentists during a given area by searching our online directory – Find A Dentist.
Can I buy coverage for myself and my family if I don’t have dental insurance at work?
Yes. MetLife TakeAlong DentalSM offers coverage that you simply can purchase on your own and take from one job to subsequent.
What if I want emergency care?
All dental offices that participate within the network provide instructions on the way to access emergency care 24 hours each day, 7 days every week. If you can’t reach your selected participating dentist, you’ll receive emergency care from any licensed care professional. The definition of what’s considered “emergency care” and other specifics are often found in your policy, Certificate of Insurance, Evidence of Coverage, or Summary Plan Description.
Fina a MetLife dentist
Any languages spoken in offices indicated during this search are self-reported. If you would like interpretation services and are enrolled during a Dental HMO/Managed Care Plan, please call 1-800-880-1800. Preferred Dentist Program (Dental PPO) enrollees should call 1-800-942-0854. For CA residents, these language assistance services are available to you at no additional cost. If you’ve got questions on the MetLife Pediatric Dental Essential Health Benefit Plan and you need language assistance, please open this document.
MetLife would really like to remind you that you simply are entitled to full and equal access to covered services, including enrollees with disabilities as needed under the federal American with Disabilities Act of 1990 and Section 504 of the Rehabilitation Act of 1973.
Group dental insurance policies featuring the MetLife Preferred Dentist Program are underwritten by Metropolitan life assurance Company.
To learn more about the MetLife family of companies providing Dental HMO/Managed Care plans and therefore the states where they supply benefits, please open this document.
Like most group benefit programs, benefit programs offered by MetLife and its affiliates contain certain exclusions, exceptions, waiting periods, reductions, limitations,s and terms for keeping them effective. Ask your MetLife group representative for costs and complete details.
The information contained during this provider directory is supplied by the individual provider and is subject to regular audits by MetLife.
MetLife’s goal is to determine consistency within the selection and retention of providers in its networks. the choice to simply accept or retain a provider is predicated on all available information, including, but not limited to, the information contained on the appliance and obtained through re-evaluation processes like licensure, malpractice or sanctions history, and other relevant information.
The hours of operation listed during this directory are subject to vary all of sudden. Contact the provider office directly for the foremost updated information.
The ratings and opinions expressed on Yelp are independently generated and don’t represent the opinion of Metropolitan life assurance Company or its affiliates.
MetLife dental insurance for individuals
Member Benefits is devoted to helping individuals with their insurance needs. That’s why we worked with MetLife to supply comprehensive dental coverage at affordable rates to individuals.
PPO Dental – Freedom to go to any licensed dentist or save more by visiting one among the thousands of participating dental locations nationwide, including specialists.*
Orthodontia for youngsters once you choose the great PPO plan option
Higher $1,750 Annual Maximum with the great PPO plan option
Add Vision coverage – Features coverage for exams, lenses, frames, contacts, and more. (Note: vision may only be purchased together with a dental plan.)
This webpage is provided for summary purposes only and isn’t an entire description of the plan’s benefits, limitations, and exclusions. Read your certificate of insurance for details on plan benefits, limitations, and exclusions.
* Savings from enrolling within the MetLife Dental Plan will depend upon various factors, including how often participants visit the dentist and therefore the costs for services rendered. Out-of-pocket costs could also be greater if you visit a dentist who doesn’t participate in the network.
** Rates are subject to vary and depend upon geographical area.
Coverage might not be available altogether states. Please contact Member Benefits your plan administrator at 1-866-823-7899 for more information.
This group plan is formed available through membership within the American Association of Business Networking (ABN). Membership within the ABN is required to enroll during this plan. you’ll enroll for membership within the ABN directly through the ABN website or during your dental enrollment. Learn more about the ABN.
Group dental insurance policies featuring the well-liked Dentist Program are underwritten by Metropolitan life assurance Company, New York, NY 10166.
Vision benefits are underwritten by Metropolitan life assurance Company, New York, NY (MetLife). Certain claim and network administration services are provided through Vision Service Plan (VSP), Rancho Cordova, CA. VSP isn’t affiliated with Metropolitan life assurance Company or its affiliates.
In some cases, your association and/or the plan administrator may incur costs in reference to providing oversight and administrative support for this sponsored plan. to supply and maintain this valuable membership benefit, MetLife reimburses the association and/or the plan administrator for these costs.
Like most group benefit programs, benefit programs offered by MetLife and its affiliates contain certain exclusions, exceptions, reductions, limitations, waiting periods, and terms for keeping them effective. Please contact MetLife or Member Benefits, your plan administrator at 1-866-823-7899 for costs and complete details.
Group insurance coverage is issued by Metropolitan life assurance Company, New York, NY 10166.
Metlife dental provider
More about the MetLife Dental Preferred Provider Organization (DPPO)
You can use any Dentist, but you receive maximum benefits when visiting an in-network MetLife DPPO provider for the state’s dental plan. The list of providers within the MetLife DPPO network is found at https://www.metlife.com/stateoftn/.
Deductible applies for Basic and Major care.
You pay coinsurance for Basic, Major, Orthodontic, and out-of-network covered services.
You or your Dentist will file claims for covered services.
Some services (e.g., crowns, dentures, implants, and complete or partial dentures) require a six-month Waiting Period from the member’s coverage start date before benefits begin.
Teledentristy is obtainable and claims are handled as if the patient received dental services during a dental office. Charges are considered as “Type A: Diagnostic and Preventive” and are subject to frequency limitations.
There is a 12-month Waiting Period from the member’s coverage start date for both the replacement of a missing tooth and Orthodontics.
Referrals to Specialists aren’t required.
Discuss any estimated expenses together with your dentist or specialist. Maximum Allowable Charges for dental procedures are subject to vary.
Dental treatment ongoing at the time of the member’s effective date with MetLife may have pro-rated benefits under the MetLife plan. MetLife has transition-of-care guidelines for participants whose dental treatment is ongoing during the benefit plan transition to MetLife.
See the MetLife DPPO Certificate of Coverage under Publications and Dental DPPO for coverage details at https://www.tn.gov/content/dam/tn/finance/fa-benefits/documents/dental_dppo_certificate.pdf. Note: Waiting periods may apply to pick procedures.
You pay coinsurance for several covered services and your share is predicated on the “maximum allowable charge” (MAC) for a given service. MAC is that the lesser of the quantity charged by the dentist or the utmost payment amount that in-network dentists have agreed to simply accept fully for the dental service.
once you receive dental services from an out-of-network provider, MetLife will reimburse a percentage of the MAC. you’re then liable for paying everything over the share of MAC reimbursed up to the charge submitted by the out-of-network dentist. Out-of-network providers typically charge quite the allowable charge, leading to higher costs for you.
Cigna Prepaid — Cigna’s website
View instructions on locating a Cigna dental provider.
MetLife DPPO — MetLife’s website
Additional enrollment information
Please click here to go to the Publications page under Dental DPPO or Prepaid (DHMO) to look at additional information.
Continuation of dental coverage through COBRA or the retiree dental plan
If you’re enrolled in dental coverage as a lively employee under a state-sponsored plan and your employment is terminated (separation of service of retirement), you’ll tend the chance to continue your dental coverage for 18 months under the Consolidated Omnibus Budget Reconciliation Act (COBRA). A COBRA notification is going to be mailed to your home address listed in Edison upon the termination of your active coverage.
To continue dental through COBRA, you want to complete and return the COBRA enrollment form to Benefits Administration within 60 days of the latter of the date active coverage would end or the date on the COBRA notification letter. Please indicate if you’re a TCRS retiree via a handwritten note on the signature page of the COBRA enrollment form. Continuation of dental insurance isn’t automatic at retirement.
If you are doing not qualify to continue dental insurance through COBRA or just wish to enroll within the retiree dental plan upon the termination of your active coverage, you ought to submit an application to Benefits Administration. Please note, you want to be a TCRS retiree or an ORP (optional retirement plan) retiree from a better education agency.
Upon expiration of your COBRA coverage, if you enrolled during this option and you’re receiving a monthly TCRS pension or a better education ORP retiree, you’ll tend a chance to enroll within the retiree dental plan.
NOTE: an entire description of the advantages, provisions, conditions, limitations, and exclusions for both the MetLife and Cigna dental plans are going to be included in their respective Certificate of Insurance. If any discrepancies exist between the knowledge listed above and therefore the legal plan documents, the legal plan documents will govern. We recommend you review these documents.
Metlife dental insurance benefits
History of Metlife
The predecessor company to MetLife began in 1863 when a gaggle of latest York City businessmen raised $100,000 to found the National Union Life and Limb insurance firm. the corporate insured war sailors and soldiers against disabilities thanks to wartime wounds, accidents, and sickness. On March 24, 1868, it became referred to as Metropolitan life assurance Company and shifted its focus to the life assurance business.
A severe business depression that began with the Panic of 1873 forced the corporate to contract until it reached its lowest point within the late 1870s. After observing the insurance industry in Great Britain in 1879, MetLife President Joseph F. Knapp brought “industrial” or “workingmen’s” insurance programs to us – insurance issued in small amounts on which premiums were collected weekly or monthly at the policyholder’s home. By 1880, sales had exceeded 1 / 4 million of such policies, leading to nearly $1 million in revenue from premiums. In 1909, MetLife had become the nation’s largest life insurer within us, as measured by life assurance effectiveness (the total value of life assurance policies issued).
In 1890, the Metropolitan life assurance Company Building was commissioned to function MetLife’s headquarters on 23rd Street in Manhattan. The building was completed piecemeal through 1905. A tower was commissioned adjacent to the house office in 1907, and when completed two years later, the building was the world’s tallest until 1913.
the house office complex, which came to incorporate the Metropolitan Life North Building remained the company’s headquarters until 2005. for several years, an illustration of the Metropolitan Life Tower (with light emanating from the tip of its spire and therefore the slogan, “The Light That Never Fails”) featured prominently in MetLife’s advertising.
By 1930, MetLife insured one among five men, women, and youngsters within us and Canada. During the 1930s, it also began to diversify its portfolio by reducing the share of individual mortgages in favor of utility bonds, investments in government securities, and loans for commercial land. the corporate-financed New York Building’s construction in 1929 also provided capital for Rockefeller Center’s construction in 1931. During war II, MetLife placed quite 51 percent of its total assets in war bonds and was the most important single private contributor to the Allied cause.
Acquisitions, sales, and major deals
1992 – merged with United Mutual life assurance Company, the sole African-American life insurer in NY, in 1992.
1992 –  acquired Executive Life’s single premium deferred annuity business, which was worth approximately $1.2 billion. MetLife also acquired the firm’s life assurance business, valued at about $260 million.
1995 – sold Century 21 to Cendant (known as Hospitality Franchise Systems at the time) while purchasing New England Mutual life assurance Company.
1997 – acquired Security First Group in 1997 for $377 million.
1999 – acquired Lincoln National Corporation’s individual disability income unit.
1999 – bought out reinsurance provider GenAmerica Corporation for $1.2 billion, also as its subsidiaries, Reinsurance Group of America and Conning Corporation. That year, the corporate had grown to serve 7 million policyholders.
2000 – de-mutualization and IPO. The initial public offering was valued at $6.5 billion, which was the most important IPO thereto date in our financial history. MetLife policyholders were asked to settle on cash or stock stake. This IPO made MetLife the foremost widely owned stock within us , and it raised MetLife’s value to over $4 billion. By 2000, MetLife’s reported number of policyholders had risen to 11 million, which year it had become the United States’ favorite life insurer, surpassing Prudential, consistent with The NY Times.
2000 – $470 million voice and data network management affect AT&T Solutions.
2001 – acquired Grand Bank of Kingston, New Jersey, which was renamed MetLife Bank.
2001 – invested $1 billion within us stock exchange during 2001, immediately after the September 11th terrorist attacks.
2005 – acquired Citigroup’s Travelers Life & Annuity and every one of Citigroup’s international insurance businesses for $11.8 billion. At the time of the deal, which was completed on Dominion Day, 2005, the Travelers acquisition made MetLife the most important individual life insurer in North America supported sales.
2006 – opened joint-venture insurance firm in Shanghai, in May 2006.
2006 – sold Cooper Village, or Stuyvesant Town, the most important apartment complexes in NY City at the time, for $5.4 billion.
MetLife had developed the apartment complexes between 1945 and 1947, to deal with veterans returning home from serving in war II.
2010 – bought American life assurance Company from AIG for US$15,500,000,000.
2011 – sold MetLife bank to GE Capital, exiting banking business.
From 2004 to 2011, MetLife continued to carry its position because of the largest life insurer within us. the corporate had $2.5 trillion in policies written, $350 billion in assets under management, over 12 million customers within us, 8 million customers outside us, and a net in 2003 of $2.2 billion. That year, Barron’s reported that 13 million American households owned a minimum of one product from MetLife.
MetLife named Robert H. Benmosche as chairman and CEO in July 1999. Benmosche occupied the position until 2006 when he was replaced by C. Robert Henrikson.
The company’s sales grew by.5% between 2008 and 2009, despite the national recession. In 2011, CEO Robert Henrikson was replaced by Steven A. Kandarian, who had overseen the company’s “US$450,000,000,000 investment portfolio” as a chief investment officer. Henrikson remained the company’s chairman to the top of 2011, at which point he reached the company’s mandatory retirement age.
In 2015, MetLife was ranked as a favorite on Fortune magazine’s list of the World’s Most Admired Companies within the Insurance: Life and Health category.
In the summer of 2017, MetLife plans to feature a 3rd office block of 255,000 square feet at its Cary, North Carolina Global Technology Campus, giving the corporate a complete of 655,000 square feet at a location that has over 1,000 employees in such areas as engineering, software, nd technology. This plan was the result of North Carolina awarding the corporate $94 million in incentives in 2013 for creating over 2,600 jobs, half in Cary and half in Charlotte. MetLife dental.
“Too big to fail”
In 2012, MetLife failed the Federal Reserve’s (the Fed’s) Comprehensive Capital Analysis and Review assay, intended to predict the potential failure of the corporate during a recession. The Fed stated that the minimum total risk-based capital ratio should be 8% and it estimated MetLife’s ratio at 6%. the corporate had requested approval for a US$2,000,000,000 share repurchase to prop the stock price,
alongside an increased dividend. Because MetLife owned MetLife Bank, it had been subject to stricter financial regulation. to flee that level of regulation, MetLife announced the sale of its banking unit to GE Capital. On All Souls’ Day, 2012, MetLife said it had been selling its US$70,000,000,000 mortgage servicing business to JPMorgan Chase for an undisclosed amount. Both sales were a part of its strategy to specialize in the insurance side of its business.
The plan to escape “too big to fail” regulation wasn’t successful. In September 2014, us government observed the 2010 Dodd-Frank financial reform law by proposing the appliance of a politician label to MetLife as “systemically important” to the American economy. If implemented, MetLife would be subject to different sets of rules and regulations, with increased oversight from the Federal Reserve System.
the corporate appealed this proposal in November 2014. In December 2014, federal regulators decided that MetLife required the special regulations reserved for financial companies and organizations deemed “systemically important,” or “too big to fail”. MetLife announced in January 2015 that it might file a lawsuit with the U.S. District Court for the District of Columbia to overturn the federal regulators’ decision
thus becoming the primary nonbank to challenge such a choice. Three other nonbank companies are designated as “systemically important”: AIG, General Electric, and Prudential. MetLife continued to litigate this issue as of mid-2015, with the US Department of Justice asking that their challenge be dismissed.
On August 7, 2012, it had been announced that MetLife can pay $3.2 million in fines after the Federal Reserve System charged it used unsafe and unsound practices in handling its mortgage servicing and foreclosure operations.
In 2014, MetLife paid $23 million to settle multiple lawsuits over junk fax operations wont to generate leads for all times insurance sales.
“MetLife Bank took advantage of the FHA insurance program by knowingly turning a blind eye to mortgage loans that didn’t meet basic underwriting requirements, and stuck the FHA and taxpayers with the bill when those mortgages defaulted.”
U.S. Attorney John Walsh
In 2015, MetLife Home Loans LLC paid $123.5 million to us Department of Justice to resolve allegations it knowingly made mortgages insured by us government that did not meet federal underwriting requirements.
Products and services
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MetLife Hall of Records, Yonkers, New York.
As of 2010, MetLife had a “diverse product mix” including insurance (home, car, and life), variable life annuities and structured settlements, commercial mortgages and securities backed by commercial mortgages, and sovereign debt.
MetLife’s individual life assurance products and services comprise term life assurance and a number of other sorts of permanent life assurance, including whole life, universal life, and final expense whole life assurance. These services vary with regard to the duration and amount of coverage available and whether a checkup is required for coverage. the corporate also offers group life assurance, provided through employers, which consists of term life, permanent life, and accidental death and dismemberment coverage. MetLife is that the largest life insurer within us supported life assurance in-force.
MetLife offers group dental benefit plans for people, employees, retirees, and their families and provides dental plan administration for over 20 million people. Plans include MetLife’s Preferred Dentist Program (PPO) and therefore 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 quite 13,000 participating dentist locations in California, Florida, and Texas. MetLife also administers dental continuing education programs for dentists and allied health care professionals, which are recognized by the American Dental Association (ADA) and therefore the Academy of General Dentistry (AGD).
MetLife provides disability products for people also as employee and association groups who receive them through their employer. for people, the company’s individual disability income insurance can replace some of the income if a private is unable to figure thanks 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 corporate vary in terms of eligibility and therefore the provided coverage. For groups, MetLife offers short term social insurance and future social insurance.
Short term social insurance is structured to exchange some of a person’s income during the initial weeks of a disabling illness or accident. future social insurance serves to exchange some of a person’s income during an extended period of a disabling illness or accident. the corporate also maintains an absence management product that allows employers to trace and manage both planned and unplanned employee absences. the merchandise, which MetLife calls MetLife Total Absence Management, is structured for businesses with 1,000 or more employees.
MetLife is among the most important providers of annuities within the world, recording $22.4 billion in sales during 2009. MetLife offers annuities that contain fixed annuities, variable annuities, deferred annuities, and immediate annuities. In 1921, MetLife was the primary company to issue a gaggle annuity contract. More recently in 2004, it had been the primary insurer to introduce a long life insurance product. As of New Year’s Eve, 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.
Auto & Home
MetLife Auto & house is the name for MetLife’s nine affiliate personal lines insurance companies. Collectively these companies offer personal lines property and casualty insurance policies altogether 50 states and therefore the District of Columbia. The flagship company within the MetLife Auto & Homegroup, Metropolitan Property, and Casualty insurance firm, was founded in 1972.MetLife Auto & Home companies presently have over 2.7 million active policies and repair 58 of the Fortune 100 companies.
MetLife’s home insurance includes homeowners insurance, condo insurance, renters insurance, insurance for landlords, and manufactured home insurance.1The 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 a person’s property.
the businesses also sell RV, ATV, boat, manufactured home, collectible vehicle, and motorcycle policies and offer flood insurance policies as a participant within the National Flood Insurance Program (NFIP), which is managed by the federal. MetLife’s various sorts of coverage for auto insurance include liability protection, collision, nd comprehensive coverage, personal injury protection, rental car coverage, and uninsured and underinsured motorists coverage. Through an appointment with Hyatt Legal Plans, a subsidiary of MetLife, MetLife Auto & Home underwrites group legal plans in many nations .
It was the primary national insurer within us to supply identity-theft resolution services at no extra premium and as of 2012 continues to try to do so today in most us states. 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 last word benefits to the buyer are having one bill, just one deductible, comprehensive coverage, and typically lower rates than trying to urge each policy individually.
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 corporate also provides pension plans and other financial services to healthcare, education, and not-for-profit organizations. The MetLife Center for Special Needs Planning may be a group of planners that serve families and individuals with special needs. In 2014, MetLife launched MetLife Defender, a digital fraud protection product.
Outside of us, MetLife operates in Latin America, Europe, Asia’s Pacific region, and therefore the Middle East, with leading market positions in Mexico, Japan, South Korea, and Chile.
On March 8, 2010, MetLife announced its intent to get the international leader life-insurance business, American life assurance Company (Alico), from American International Group (AIG). MetLife, which completed the deal on All Saints’ Day, 2010, paid approximately $7.2 billion in cash and $9.0 billion in MetLife equity and other securities. he securities portion of the deal consisted of 78.2 million shares of MetLife common shares, 6.9 million shares of contingent convertible preferred shares and 40 million equity units.
]The values of the common and preferred shares have supported the price of MetLife’s common shares on October 29. Upon completion of the acquisition, MetLife became a number one competitor in Japan, the world’s second-largest life assurance market, and moved into a top 5 market position in many high growth emerging markets in Central and Eastern Europe, like Romania, the center East, and Latin America. The deal added 20 million customers to MetLife’s 70 million and consistent with Barron’s quite doubled the share of operating profits that MetLife gets abroad to 40%.
In India, etLife has an affiliate company India insurance firm 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 couple of local Indian financial companies. In 2012 an agreement was made with a cal Indian bank, the Punjab commercial bank to determine a strategic alliance and for it to require a 30% share in MetLife India. The state-owned bank would reciprocally sell MetLife insurance products in its branches
As of 2015, Julio Garcia-Villalon leads the center East & Africa regional business, which is headquartered within the Dubai International Financial Centre and has operated within the region since the 1950s.
MetLife Foundation is MetLife’s independent charitable and grant-awarding foundation. it had been founded in 1976and had provided over $650 million in grants by January 2015. the inspiration has partnered with and donated to a spread of organizations, including Habitat for Humanity since 2010 and therefore the Luther King, Jr. National Memorial Project Foundation since 2008. In 2013, the MetLife Foundation announced a replacement that specializes in financial inclusion, including educational programs on basic financial planning for disadvantaged children and financial services aimed toward low-income communities.
Relationship with Peanuts
MetLife’s use of cartoon characters, consistent with 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 venture with Schulz’s heirs (as Schulz himself died in 2000), buying out E. W. Scripps Co. and United Features Syndicate for $175 million. MetLife is reported to pay $12 million per annum to Iconix for licensing rights. before the Iconix deal, MetLife had licensed the characters from other rights-holders.
The Peanuts-based campaign was developed by the ad agency Young & Rubicam. MetLife also has used Foote Cone & Belding to develop Peanuts-related promotions.
MetLife announced the top of its 31-year relationship with Peanuts on October 20, 2016. This decision resulted from the company’s sale of its life assurance business to consider corporate clients. MetLife’s new blue and green logo was criticized for being a knock-off of comparison website Diffen.
Blimp and sports sponsorship
The Metlife ‘Snoopy Two’ blimp.
The MetLife blimp program began in 1987 with the “Snoopy 1” airship and, in 1994, expanded to incorporate the “Snoopy 2” airship. The program provides aerial coverage to over 80 major sporting events per annum and is currently the official aerial coverage provider of the PGA Tour. “Snoopy 1” and “Snoopy 2” also provide overhead television coverage for the NFL, CBS College Football, the LPGA, the NBA Finals, Copa Chile, the Preakness Stakes, and therefore the Kentucky Derby. 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 NY Giants and NY 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 because ofe MetLife Dome.
From 2014 to 2017, MetLife is that the title sponsor of the BWF Super Series badminton tournament.
MetLife and therefore the “Ideal weight”
In 1959, The Metropolitan life assurance Company (as it had been known at the time) released tables of the simplest weight for every height for longevity, supported 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 supported data collected within 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 assurance companies in Canada and therefore us, representing 4.2 million people. These “ideal” weights were above the prior “desirable” weights, this was attributed to a rise in muscle mass thanks to improved fitness levels among the population.
This study remains the most important available pool of knowledge for this purpose. It had been noticed that the typical weights within the population are above the perfect weights for survival. The ‘’’ metropolitan Tables’’’ included ‘’small’’, ‘’medium’’ and ‘’large’’ frames, supported elbow-girth measured using calipers because the elbows don’t develop fat. They presented weight ranges for height, sex, and body frame (again related to rock bottom mortality) The midpoint of the perfect weight for the medium frames for every height was selected because of the “ideal” weight used for calculations of “excess weight” (initial weight minus ideal weight). This led to a formula to calculate the perfect weight employed by bariatric surgeons, but it had lost considerable accuracy by 2007, again thanks to improvements in medical aid and public health.