MetLife

Introducing MetLife Promise Whole Life 120

On March 5, 2012, MetLife will introduce MetLife Promise Whole Life 120. This whole life product is the perfect complement to MetLife Promise Whole Life, expanding MetLife’s whole life product portfolio. You will now be able to widen your client base, and meet additional client whole life needs.

MetLife Promise Whole Life 120 offers:

• Very competitive premiums
• Attractive long-term cash value
• Minimum face amount of $250,000

Similar to the current MetLife Promise Whole Life, MetLife Promise Whole Life 120 also offers:

• Guaranteed1 Death Benefit
• Guaranteed Cash Values that grow each year, tax-deferred.
• Guaranteed Premiums for the life of the policy-regardless of future changes to client's age or health.
• The Flex Term Rider (FTR) with premium flexibility allowing you to meet your clients total life insurance need at a more affordable cost. The face amount of the FTR can be guaranteed to age 85.
• The Enricher with the ability to increase life insurance protection and cash value, and inject premium flexibility.
• The Potential for Dividends

Please note: The FTR will not be available in New York for the March 5, 2012 launch. Please check future releases for more details and state availability. Also, the FTR and The Enricher are not available on the same policy.

If you have any additional questions, please contact Madison Brokerage.

1 Guarantees are subject to the claims paying ability and financial strength of the issuing insurance company. See the product guide or a sample policy for additional product details.

State Availability

MetLife Promise Whole Life 120 is approved in ALL states except Alaska, Massachusetts and Washington. You will be notified as additional states are approved.

Issuing Company

MetLife Promise Whole Life 120 is issued by MetLife Investors USA Insurance Company (MLI-USA) in all states and jurisdictions except New York, where it is issued by Metropolitan Life Insurance Company (MLIC). Agents must be licensed to sell life insurance products and must be appointed by the appropriate MetLife company, as required by the Company.

Illustrations

As of February 24, 2012, MetLife Promise Whole Life 120 will be available in the illustration software. Additional details on illustrating the new product will be available in the software release notes and through additional training.

Group Conversion

MetLife Promise Whole Life 120 will not be available for group conversions. Whole Life 2008 will continue to be available and required for group conversions in all states/jurisdictions.

Backdating to Save Age

Backdating of MetLife Promise Whole Life 120 is allowed up to 180 days to conserve age, subject to state rules.

Important information when submitting new business

For states where the new product is not approved, MetLife Promise Whole Life is available for sale. When MetLife Promise Whole Life 120 is launched in a new state, both MetLife Promise Whole Life 120 and MetLife Promise Whole Life will be available for sale.

Completing the Application

The application for MetLife Promise Whole Life 120 will be the current enterprise application. Be sure to note which whole life product is being applied for by writing the full name of the product on the application. Whole life choices are:

• MetLife Promise Whole Life
• MetLife Promise Whole Life 120

For the Flex Term Rider (FTR), the producer should write in the FTR face amount, the modal scheduled premium and unscheduled premium, if any, and indicate that the Dividend Option is the FTR. State all of this information on Section IV (page 2) of the Application for Life Insurance, Form ENB7-07. If additional space is needed for riders and dividend options, producers can continue to add information in Section IX (page 5). Please note: the Flex Term Rider and The Enricher are not available on the same policy.

If the Disability Waiver of Premium (DW) has been selected, as well as the FTR on the policy, then the FTR will also automatically have DW on the scheduled FTR payment. If the DW has been selected, as well as The Enricher on the policy, then The Enricher also has an optional DW feature which can cover a specified amount and will also need to be stated on the application. For proper processing it is important that The Enricher or FTR and its associated scheduled premium are clearly stated on the application.

If a policy is to go on Accelerated Premium Option (APO), the producer should indicate it on the Producer Identification and Certification page of the enterprise application (page 11, question 3) but the policy owner will still be required to request activation of the APO when the policy becomes eligible.

Exchanging Recently Issued Policies for MetLife Promise Whole Life 120:

• Within 60 days of the original issue date, you may request a reissue of a whole life policy to MetLife Promise Whole Life 120, generally with no additional underwriting. For these cases please send an email to your designated Case Manager. New replacement forms will be required. No amendment will be required for the request to change rates.
• A new illustration will be required.
• If replacement is involved, a new quote will be required.
• Depending on the issue state, new replacement forms may be required.
• If the original policy was issued without advance payment, the placing premium must be paid before the reissue will be completed.
• Any compensation paid to the producer on the MetLife Promise Whole Life policy will be reversed and the new compensation on the MetLife Promise Whole Life 120 will be paid.