MetLife - Unclaimed Policy Benefits Search

MetLife Insurance Settlement for Missing Beneficiaries and Lost Heirs

MetLife Life Insurance Claims

Unclaimed property audits undertaken by a number of states revealed many major life insurance companies failed to pay death benefits to beneficiaries, despite having confirmation policyholders were deceased. Additionally, some companies continued charging premiums, deducting payments from the policies' cash reserves until depleted, at which time the policy would be cancelled.

Insurance Companies participating in the Global Life Insurance Settlement  include: AIG, Allianz, Aviva, Forethought, Genworth, Hartford, ING, John Hancock, Lincoln National, MetLife, Midland National, Nationwide, New York Life, Northwest Mutual, Pacific Life, Prudential, Symetra, TIAA-CREF, Transamerica and Western & Southern.

MetLife: MetLife companies include: Metropolitan Life Insurance Company; New England Life Insurance Company; MetLife Insurance Company of Connecticut; General American Life Insurance Company; Metropolitan Tower Life Insurance Company; MetLife Investors Insurance Company; First MetLife Investors Insurance Company; MetLife Investors USA Insurance Company; and Delaware American Life Insurance Company.

Under the agreement {MetLife Insurance Claims Settlement} MetLife will restore the full value of impacted accounts, and will ensure an estimated $500 million in unpaid life insurance and annuity benefits are  paid to beneficiaries or custodians acting on their behalf.

MetLife further agreed to reform its business practices to ensure life insurance, annuity, and retained asset account benefits are promptly paid going forward. .

In the event MetLife finds a policyholder is deceased and no contact with a beneficiary has been established established, the company will remit the policy proceeds to a government custodian, where they will be held available to be reclaimed in the future.

Note: In March 2017, MetLife USA life insurance policies and annuity contracts were transferred to Brighthouse Financial. MetLife shareholders became eligible to receive a distribution of one share of Brighthouse Financial (BHF) for every 11 shares owned as of the record date.

Note MetLife policyholders, by virtue of the company's demutualization in 2000, may be entitled to collect cash and stock in addition to policy benefits. Go to: MetLife Demutualization Compensation