MetLife Investment Plan

In the following write-up, we will dive into the detailed aspects of these MetLife investment plans, highlighting their unique features and benefits and guiding potential investors on why they should consider these options for their financial portfolio.

Types of MetLife Investment Plans

Let's explore each of the MetLife investment plans –

• MetLife International Wealth Builder: This time-based investment life insurance plan is designed for long-term savings goals, which provides a range of investment opportunities to grow savings and provide future security. Ideal for those who want a customisable investment strategy aligned with their financial objectives, this plan includes built-in protection benefits and supplementary insurance coverages for added security. 
• MetLife Investor Advantage Plan: It is a unique savings and investment solution, perfect for individuals looking to actively shape their financial future with flexibility in premium payments. This plan is suitable for those with irregular but substantial financial gains, such as bonuses or inheritances, allowing them to transform these earnings into potential future returns. 
• MetLife Future Protect Plan: Serving as both an investment and a financial shelter for the insured's loved ones, this whole-of-life insurance plan is suitable for individuals and businesses as it offers customisable savings and protection needs.

Why Should You Choose MetLife Investment Plans?

Listed below are the reasons why investing in MetLife savings and investment plans is a good choice -

• Time-Based Investment: MetLife International Wealth Builder provides a long-term savings goal with built-in protection benefits, making it an ideal Metlife education investment plan in UAE​​.
• Flexible Premium Payments: The MetLife Investor Advantage Plan offers flexible premium payments, allowing you to select a premium amount that suits your needs, whether monthly or annually. This flexibility is particularly beneficial for those seeking a Metlife monthly income plan​​.
• Global Coverage: All MetLife plans offer worldwide coverage. This way, your policy remains valid even if you move out of the UAE so that you get continuous protection and financial security​​.
• Customisable Insurance Options: MetLife Future Protect Plan offers single and joint life insurance cover. This feature is particularly relevant for those considering a Metlife retirement plan or a Metlife education plan​​.
• Comprehensive Loss of Life Benefit: MetLife plans offer a comprehensive loss of life benefit, including options for single life or joint life coverage, and additional benefits in case of accidental or terminal illness-related loss of life​​.
• Regular Bonuses and Investment Flexibility: MetLife International Wealth Builder rewards consistent contributions with regular bonuses and offers flexible investment strategies, making it a compelling choice for those seeking growth and adaptability in their investments​​.
• Critical Illness Cover: The Future Protect Plan provides a lump sum payout for critical illnesses, with options covering up to 32 different illnesses.
• Disability Benefits: MetLife offers guaranteed cash payments for permanent and total disability, with payouts depending on the duration of the disability. This feature is particularly important for those considering a Metlife retirement plan or a Metlife monthly income plan, as it provides financial security in case of unexpected health issues​​.
• High Maximum Premium Limits: The MetLife Investor Advantage Plan accommodates larger investments with a maximum annual premium of up to USD 10,000,000, catering to different investment capacities and financial goals​​.

Overview of MetLife Investment Plans

The table below provides an overview of the key aspects and details of three MetLife investment plans — MetLife International Wealth Builder Plan, MetLife Investor Advantage Plan, and MetLife Future Protect Plan.

Parameters	MetLife International Wealth Builder Plan	MetLife Investor Advantage Plan	MetLife Future Protect Plan
Coverage	Loss of Life Benefit, Short Term ‘Incapacity” Benefit’, Second Medical Opinion, and MetLife Discount Card	Loss of Life Benefit, Second Medical Opinion, and MetLife Discount Card	Loss of Life Benefit, Terminal Illness Benefit, Accidental Loss of Life, and Critical Illness Cover
Insurance Cover	Optional: Accidental Loss of Life and Critical Care	Not specified	Optional: Accidental Loss of Life, Critical Illness, Permanent and Total Disability, and Waiver of Premium on Loss of Life or Disability
Payment Terms	Premium Payment Term: 5 to 25 years	Premium Payment Term: 1 year	Premium Payment Term: Regular - Up to 95 years, Single Premium - 1 year
Free Look Period	30 days	30 days	30 days
Grace Period	60 days	NA	60 days
Investment Strategies	Conservative, Balanced, and Aggressive	Conservative, Balanced, and Aggressive	Conservative, Balanced, and Aggressive
Premium Payment Frequency	Annual, semi-annual, quarterly, and monthly	Single pay or monthly	Regular premium: annually, semi-annually, quarterly, or monthly Single premium: annually or monthly
Age Eligibility	1 month to 85 years	1 month to 85 years	1 Month to 65 Years
Maturity Age	At the end of the selected premium payment term	95 years	95 Years
Additional Benefits	Short Term ‘Incapacity’ Benefit, MetLife Discount Card	Built-in Health Benefits	Permanent and Total Disability, Permanent Partial Disability, and Hospitalisation

Inclusions of MetLife Investment Plans

Listed below are the coverage and inclusions of MetLife savings and investment plans -

MetLife International Wealth Builder

Built-in Benefits

• Loss of Life Benefit: This benefit provides 100% of the account value to the beneficiaries in the event of the policyholder's demise.
• Short Term ‘Incapacity’ Benefit: Offers coverage for the basic monthly premium for up to 2 years if the policyholder is unable to work due to an accident or sickness
• Second Medical Opinion: Provides free access to a second medical opinion from renowned medical centers for critical illness diagnoses
• MetLife Discount Card: Offers discounts ranging from 10% to 30% at select medical providers in the UAE

Investment Choices

1. Conservative Strategy: Designed for risk-averse investors focusing on safeguarding the principal amount
2. Balanced Strategy: Suitable for those seeking a balance between capital preservation and modest growth
3. Aggressive Strategy: Aimed at investors focused on significant capital growth, willing to accept higher risks​​

MetLife Investor Advantage Plan

• Loss of Life Benefit: The plan offers a Loss of Life Benefit which is 101% of the account value, ensuring financial security for the beneficiaries.
• Built-in Health Benefits: Includes access to second medical opinions from renowned medical experts in case of critical illness diagnoses and a MetLife Discount Card offering exclusive discounts at specific medical providers in the UAE

MetLife Future Protect Plan

• Loss of Life Benefit: Options available for Single Life or Joint Life coverage, providing insurance benefits to dependents upon the policyholder's demise
• Terminal Illness Benefit: Accelerates the basic death benefit if the insured is diagnosed with a terminal illness
• Accidental Loss of Life: Pays up to 3 times the basic plan coverage, with a maximum limit of USD 5 million in certain scenarios
• Critical Illness Cover: Offers a lump sum payout of up to USD 500,000 for standalone critical illness and up to USD 1 million for accelerated critical illness.
• Hospitalisation: Offers a weekly income to the insured during their treatment period in the hospital in case of an accident or sickness
• Disability Benefits
  • Permanent and Total Disability: Provides guaranteed cash of up to USD 2 million based on the disability period
  • Permanent Partial Disability: Offers guaranteed cash of USD 1 million in case of permanent partial disability due to an accident​​

Exclusions of MetLife Investment Plans

The following section outlines the exclusions of MetLife investment plans -

MetLife International Wealth Builder

• Coverage is not provided if the policyholder commits suicide within 2 years from the date the policy was issued.
• The plan excludes coverage for loss of life or total and permanent disability resulting directly or indirectly from war, including any conflict involving armed forces, whether declared or not.
• Coverage is not provided if the insured resides in any sanctioned countries, in compliance with international regulations and policies​​.

MetLife Investor Advantage Plan

The plan excludes coverage for insured individuals residing in sanctioned countries. As of April 2022, these include the Crimea region, Cuba, Iran, North Korea, and Syria.

Remember that the list of sanctioned countries is subject to change over time​​.

MetLife Future Protect Plan

• Suicide within 2 years from the date of policy issuance is not covered.
• The plan does not cover total and permanent disability or loss of life due to acts of war, unless the policyholder has opted for war risk coverage.

Optional Benefits of MetLife Investment Plans

With the following optional benefits available with MetLife investment plans, policyholders can add additional coverage features to their basic plans for enhanced protection and flexibility -

MetLife International Wealth Builder

• Accidental Loss of Life Benefit: Offers an amount of up to USD 200,000 in case of loss of life due to an accident. This benefit is available to both residents and non-residents.
• Critical Care: Covers 32 critical illnesses, providing a lump sum payout of up to USD 250,000. This includes conditions like cancer, stroke, major organ transplant, and total paralysis​​.
• Permanent and Total Disability (PTD): Provides a guaranteed cash payment of up to USD 250,000 in case of PTD due to accident or sickness
• Waiver of Premium: In case of the policy owner’s death or disability, MetLife waives all remaining premiums to ensure that the plan continues unaffected​.

MetLife Investor Advantage Plan

Individuals having the MetLife Investor Advantage Plan will need to connect with the provider to understand the optional benefits.

MetLife Future Protect Plan

• Accidental Loss of Life: Provides coverage in case of accidental death, with varying entry and expiry ages for policyholders
• Waiver of Premium on Loss of Life or Disability: Waives the premium in case of loss of life or disability of the policyholder

Premiums for MetLife Investment Plans

Tabled below are the premium details for each of the MetLife investment plans -

Plan	MetLife International Wealth Builder	MetLife Investor Advantage Plan	MetLife Future Protect Plan
Minimum Annual Premium	5-7 years: $7,200  8-10 years: $4,800 11-25 years: $2,400	USD 30,000	Regular Premium: USD 1,800; Single Premium: USD 15,000
Maximum Annual Premium	$10,000,000	Unlimited (Minimum Target Premium: USD 30,000)	No set limit
Premium Payment Frequency	Annual, semi-annual, quarterly, and monthly	Single pay or monthly	Regular premium: Annually, semi-annually, quarterly, or monthly Single premium: Annually or monthly
Premium Payment Term	5 to 25 years	Premium payable for a fixed 1-year term	Not explicitly stated
Excess Premium (‘Dump-In’)	Minimum: USD 250; Maximum: Unlimited	Minimum: USD 250 Maximum: Unlimited	Not explicitly stated
Loss of Life Benefit Premium	100% of the account value	101% of the account value	Not explicitly stated

The MetLife International Wealth Builder and MetLife Investor Advantage Plan both offer flexibility in premium payments and the option for excess premiums, allowing policyholders to contribute additional funds as per their financial situation.

The Future Protect Plan, on the other hand, provides options for both single and regular premium payments.

Risk Factors To Be Considered in MetLife Investment Plans

Understanding the risk factors associated with MetLife investment plans is important for making informed decisions. While specific risk factors for each plan may vary, here are some general points to consider across all MetLife investment and savings plans -

• The performance of investment accounts can fluctuate due to market volatility, affecting potential returns. This is particularly relevant for plans with investment options like the MetLife International Wealth Builder and MetLife Investor Advantage Plan.
• Changes in interest rates can impact investment returns, especially for fixed-income investments within the plans.
• Broader economic factors, such as inflation or economic downturns, can affect the overall performance of investments.
• Personal financial situations, such as the ability to continue premium payments, can influence the benefits and viability of the plan.
• Depending on the jurisdiction and applicable tax laws, tax liabilities may affect the net returns from the investments.
• Early or frequent withdrawals from the plan can reduce the final value of the investment, as noted in the MetLife Future Protect Plan.
• Missing premium payments can lead to reduced benefits or potential policy lapses.
• The choice of investment strategy (conservative, balanced, aggressive) should align with the policyholder’s risk tolerance and investment horizon.
• Factors like underwriting risks and the insurer's financial strength can influence the reliability and performance of the insurance component in the plans.

Partial Withdrawal Facility in MetLife Investment Plans

The withdrawal strategies for MetLife investment plans are outlined below for each specific plan -

• MetLife International Wealth Builder - Policyholders are allowed up to 4 withdrawals per year after 24 months of receiving 2 years of full planned premiums, with a maximum of 80% of the accumulation account​​.
• MetLife Investor Advantage Plan - The plan allows for up to 4 free partial withdrawals each policy year, offering flexibility in accessing funds. The minimum withdrawal amount is USD 500, with the maximum limit depending on the timing relative to the premium payment term. Withdrawal criteria vary before and after the premium payment term, with specific account value requirements and surrender charges applicable in certain cases​​.
• MetLife Future Protect Plan - Policyholders can make 2 partial withdrawals each year, subject to maximum withdrawal limits. This feature provides flexibility in managing funds within the policy​​. The charges listed in the next section are applicable to the MetLife savings and investment plans.

Charges Associated with MetLife Investment Plans

MetLife investment plans involve various charges that you, as a policyholder, should be aware of. These charges can significantly impact the overall returns and costs associated with the policy. The most notable of these are the surrender charges, which are applied when a policy is surrendered before the end of its term.

Here is a table outlining the surrender charges for each of the MetLife investment plans -

Surrender Charges for MetLife Investment Plans

Policy Month	MetLife International Wealth Builder	MetLife Future Protect Plan (Regular Premium)	MetLife Future Protect Plan (Single Premium)
1	Specific rates detailed in policy documentation	20%	6.5%
2	-	19%	5.5%
3 & 4	-	18%	5%
5	-	17%	4.5%
6 & 7	-	16%	3.5%
8	-	15%	3%
9	-	14%	2.5%
10 & 11	-	13%	2%
12 to 19	-	12%	1.5%
20 to 27	-	11%	1%
28 to 33	-	10%	1%
34 to 37	-	9%	0.5%
38 to 41	-	8%	0%
42 to 44	-	7%	-
45 to 47	-	6%	-
48 to 50	-	5%	-
51 & 52	-	4%	-
53 & 54	-	3%	-
55 & 56	-	2%	-
57 to 59	-	1%	-
60+	-	0%	-

Surrender Charges for MetLife Investor Advantage Plan

Month	Charges
1 to 12	4% to 2%
13 to 24	2% to 1%
25 to 36	1% to 0%
37 and onwards	0%

Please note that the surrender charges for the MetLife International Wealth Builder and the MetLife Investor Advantage Plan are specified in their respective policy documentation. The detailed rates and conditions for surrender charges are crucial to understand before making a decision to surrender the policy.

Given below is the summary of the various charges associated with each of the MetLife investment plans:

MetLife International Wealth Builder

• Management & Expense Charge (M&E Charge): Varies based on the policy month –
  • 0 - 30 months: 1.44%
  • 31 - 60 months: 1.2%
  • 61 - 120 months: 0.96%
  • 121 - 180 months: 0.72%
  • 181+ months: 0.48%
• Premium Charge: A charge equivalent to 5% of the target premium is deducted from the account value.
• Policy Administration Charge: A monthly charge of 0.25% of the Capital Account Value
• Fund Management Charge: Varies — levied by fund managers and deducted from fund assets​​.

MetLife Investor Advantage Plan

• Management & Expense Charge (M&E Charge): Varies based on account value and policy year.
  • First policy year: 1.5% regardless of account value.
  • Second policy year onwards: 1.5% to 0.9%, decreasing as account value increases.
• Premium Load: A load of 4.5% is applied to the excess premium for all policy years.
• Premium Charge: An annual premium charge of 1% for the first five years.
• Fund Management Charge: Varies — levied by fund managers and deducted from fund assets​​.

MetLife Future Protect Plan

Monthly Management and Expense Charge:

• Account Value USD 0 to USD 24,999: 1.25%
• Account Value USD 25,000+: 0.75%

How to Buy MetLife Investment Plans via Policybazaar.ae?

Purchasing MetLife investment plans is a convenient and straightforward process through the official website of Policybazaar UAE.

Policybazaar.ae offers an array of insurance and investment products from various providers, including MetLife. Their platform is user-friendly, designed to simplify the process of comparing and purchasing insurance policies.

With a focus on transparency, Policybazaar.ae provides detailed information about each plan. Additionally, we offer customer support to assist with queries and facilitate a smooth buying process. The website also features tools like premium calculators and provides valuable insights, making it easier for users to choose plans that best suit their needs.

Here are the steps to apply for a MetLife Investment Plan through Policybazaar.ae -

• Go to policybazaar.ae, the official website of Policybazaar UAE. 
• Navigate to the investment section.
• Fill out the online application form with the necessary personal and financial details.
• Use the comparison feature to evaluate different MetLife investment plans based on your requirements.
• Once you submit the form, one of our advisors will contact you and help you with the process. 

Claim Process for MetLife Investment Plans

Here is an overview of the claim process for MetLife investment plans along with a list of required documents:

• Notify the Provider: Inform MetLife about the claim as soon as possible.
• Complete the Documentation: Fill out the claim form and attach the required documents.
• Submit the Documents: Send the claim form and documents to lifeclaims@metlife.ae.
• Evaluation of Claim Form: The insurer will review the form and documents.
• Approval and Payment: Upon approval, MetLife will initiate the claim process and disburse the claim amount as per policy guidelines.

Required Documents

1. Claimant's Statement: Completed and signed by the beneficiary
2. Physician's Statement: Completed, signed, and stamped by the physician who last attended to the deceased. One can also submit a detailed medical report.
3. Original Death Certificate: Mandatory for processing death benefit claims
4. Police and Forensic Reports: Required if the death was due to an accident
5. Original Policy Document: To verify policy details
6. Identification Documents: Copies of passports or ID cards of both the deceased and the beneficiary​​

Note

Alternatively, for additional support and assistance during the claim process of MetLife investment plans, Policybazaar UAE offers dedicated customer service. Policybazaar.ae’s team provides valuable assistance in understanding the claim process so that all necessary paperwork is completed accurately, and guiding you through each step.

Our customer service representatives can help clarify any questions or concerns that you may have and even coordinate with the concerned personnel to facilitate a smooth and efficient claim experience.

Here are some frequently asked questions (FAQs) with answers for each of the MetLife investment plans covered in the article

Frequently Asked Questions