MetLife said among the various benefits offered by PAUL include access to more cash value faster than traditional life insurance policies, competitive cash value accumulation, and low surrender charges.

The product will be a non-correlated asset that eliminates the direct impact of market fluctuations from the client’s life insurance policy by growing policy values through interest crediting rates,less deductions for charges.

It will also include a new underwriting process for eligible clients, dubbed Enhanced Rate Plus. According tio MetLife, Enhanced Rate Plus can redice the time required for an underwriting decision, remove the need for paramedical exams and lab work, and enhance a qualifying client’s rating class.

MetLife added that PAUL will also provide financial professionals the potential to earn compensation through an asset trail based on the cash value.

MetLife retail life and disability insurance executive vice president Gene Lunman said: "PAUL was designed with our clients’ needs in mind, delivering the protection they want along with more cash value in the earlier years than traditional life insurance policies."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.