Printer Friendly

METLIFE POLICYHOLDERS GET GOOD NEWS THIS HOLIDAY SEASON

 METLIFE POLICYHOLDERS GET GOOD NEWS THIS HOLIDAY SEASON
 NEW YORK, Dec. 20 /PRNewswire/ -- A holiday season considered by


many to be marred by economic uncertainty will be just a little brighter for more than 500,000 long-standing customers of Metropolitan Life Insurance Company who've renewed contact with the company through a unique program called the MetLife Family Reunion.
 The big insurer had some very good news for most of them: their insurance coverage has doubled or tripled in insurance value. What's more, MetLife paid out more than $4 million in benefits to policyholders and beneficiaries, many of whom were not aware that insurance coverage even existed.
 MetLife's Family Reunion program was launched two years ago. It is a nationwide search for nearly five million holders and beneficiaries of small life insurance policies issued for amounts of $1,000 or less before 1965 -- the kind of policies purchased with premiums of as low as a nickel a week that were collected at policyholders' homes by MetLife agents.
 "We're delighted with the results of the program to date," said MetLife CEO Robert G. Schwartz, "and we hope to be in contact with every person who thinks he or she -- or a loved one -- might own one of these policies. We believe that many of these policyholders have moved over the years and neglected to give us their new addresses. We are committed, however, to trying to find every rightful owner so that the proceeds of these insurance policies will end up in the hands of family members."
 Reaction from policyholders has been one of surprise. "I was shocked," said Delia Sanchez of Miami. "It was almost like winning the lottery." And for many policyholders the good news brought back pleasant memories of the MetLife agent who, in many cases, had been considered a family friend. "It seems that MetLife has been a part of my life for all of my 80 years," said Margaret Horchler of Medical Lake, Wash.
 TV personality Willard Scott serves as the Family Reunion spokesperson -- a role he relishes because his own father was a MetLife agent who went door-to-door collecting premiums on these small "industrial" policies -- so-called because they were purchased primarily by industrial workers in the late 19th and early 20th centuries.
 Scott has appeared at several events MetLife has sponsored to mark the introduction of the program in specific states. In Sun City West, Ariz., the company staged a dance for senior citizens; in Tulsa, an old- fashioned barbecue; in Iowa, a visit to the State Fair. And in Rhode Island, the governor issued a proclamation of "MetLife Day" to recognize the company's efforts to locate "industrial" insurance policyholders in that state.
 More recently, MetLife has unveiled an interactive video kiosk in its "Wonders of Life" pavilion at EPCOT Center in Florida. Visitors to the pavilion can provide key information to a live customer service representative who can begin the search of the company's records to see if their MetLife policies have appreciated in value.
 People who hold MetLife "industrial" policies, or who believe they may be beneficiaries of them, may also contact the MetLife Family Reunion, One Madison Ave., New York, NY 10010. They should include their name and the insured's name (if different), the policy number (if possible), the insured's date of birth and Social Security number. If they do not have a policy number, they should include the address where the insured was living at the time the policy was issued, the year it was issued (if possible), and the agent's name (if known).
 MetLife, one of the nation's largest insurance and financial services companies, provides or administers coverage for more than 45 million people in the United States, Canada and other countries.
 -0- 12/20/91
 /CONTACT: Nancy Peskin of MetLife, 212-578-2083/ CO: Metropolitan Life Insurance Company ST: New York IN: INS SU:


GK-KW -- NY019 -- 4280 12/20/91 10:35 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 20, 1991
Words:651
Previous Article:ATLAS ANNOUNCES OREGON MINING REGULATIONS TO BE REVIEWED
Next Article:SONAT OFFSHORE DRILLING INC. IS SUCCESSFUL BIDDER ON MEXICO TURNKEY CONTRACTS.
Topics:


Related Articles
United Mutual, MetLife merge.
METLIFE CALLS PENNSYLVANIA PENALTY OUT OF ALL PROPORTION TO VIOLATIONS ALLEGED, BUT DECLINES TO CONTEST PENALTY
METLIFE CALLS PENNSYLVANIA PENALTY OUT OF ALL PROPORTION TO VIOLATIONS ALLEGED, BUT DECLINES TO CONTEST PENALTY
INSURANCE COMMISSIONER ANNOUNCES START OF METLIFE RESTORATION PROCESS
METLIFE RESTORATION PROCESS CONTINUES
METLIFE AND THE NEW ENGLAND TO MERGE
MetLife Policyholders OK Demutualization.
DIVING INTO DEMUTUALIZATION.
Conversion Countdow.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters