MetLife Inc. has introduced a universal life insurance policy.
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Guarantee Advantage UL is to be sold nationally through the New York company's sales force and independent distribution channels, the insurer said on Monday.
The product offers enhanced flexibility with guaranteed protection through customizable durations of coverage and premium payments. It is a permanent life insurance policy that offers people a tool for estate and business planning, as well as income replacement to protect families.
MetLife has more than 70 million customers worldwide and is the largest U.S. life insurer in terms of policies in force.
