Metlife Long-Term Disability Policy Holders Beware

Metlife Long-Term Disability Policy Holders Beware | Evan Schwartz

Metlife stopped selling individual disability insurance last year, but kept all of its policies and continues to administer them and manage the claims. In insurance company lingo, this block of policies is in “runoff,” meaning that Metlife is not actively selling policies, and is winding down and closing out what it has already sold.

This is a situation typical in the insurance industry, where a company has a block of business that is no longer producing fresh revenue (other than the premiums from paying policyholders that have already purchased policies). Financial modeling leads to increased claim scrutiny, which results in more claim denials and terminations.

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