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Reply to MetLife Suspends IDI Sales     
Old 04-20-2016, 03:00 PM   #1
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Brian Anderson on MetLife Suspends IDI Sales
 
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MetLife Suspends IDI Sales MetLife Suspends IDI Sales
MetLife just announced it is suspending Individual Disability Insurance sales, effective Sept. 1, 2016. For more see the story in the link below, and please share your thoughts or concerns here.

Insurance Forums | MetLife suspends Individual Disability Insurance sales
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Old 04-20-2016, 06:51 PM   #2
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MetLife Suspends IDI Sales Re: MetLife Suspends IDI Sales
Makes sense. Typically individual DI is sold by agents, and if their agents are now with MassMutual, they'll probably sell MassMutual DI, not Met Life.

Now that I think about it, I don't recall there ever being a thread on this forum discussing Met Life DI? We've talked about MassMutual, Guardian, Mutual of Omaha, Assurity, and I'm sure a few others, but I don't recall any discussion of Met Life.

I wonder how competitive they really were?
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Old 04-20-2016, 06:53 PM   #3
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Mattschmidt on MetLife Suspends IDI Sales
 
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MetLife Suspends IDI Sales Re: MetLife Suspends IDI Sales
been rumored for several months. A metlife sales rep. told us about this ahead of time. No surprise
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Old 04-20-2016, 07:20 PM   #4
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MetLife Suspends IDI Sales
Originally Posted by DHK View Post
Makes sense. Typically individual DI is sold by agents, and if their agents are now with MassMutual, they'll probably sell MassMutual DI, not Met Life.

Now that I think about it, I don't recall there ever being a thread on this forum discussing Met Life DI? We've talked about MassMutual, Guardian, Mutual of Omaha, Assurity, and I'm sure a few others, but I don't recall any discussion of Met Life.

I wonder how competitive they really were?
They were pretty competitive at the 5/6 occ classes. Of course, their CA product was weak so you didn't miss much.
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Old 04-20-2016, 08:15 PM   #5
DHK
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MetLife Suspends IDI Sales Re: MetLife Suspends IDI Sales
California barely has any companies left in the DI marketplace:
- MassMutual
- Guardian
- Mutual of Omaha
- Assurity
- And I'm not sure about Principal...

But everyone else has essentially left the CA DI marketplace.
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Old 04-20-2016, 08:40 PM   #6
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MetLife Suspends IDI Sales
Originally Posted by DHK View Post
California barely has any companies left in the DI marketplace:
- MassMutual
- Guardian
- Mutual of Omaha
- Assurity
- And I'm not sure about Principal...

But everyone else has essentially left the CA DI marketplace.
Principal has a solid plan in CA along with some great discount plans.

Also, the Standard that has some excellent products and is available in CA.

Frankly, there aren't a ton of DI carriers in any state.
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Old 04-21-2016, 11:30 AM   #7
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MetLife Suspends IDI Sales Re: MetLife Suspends IDI Sales
Originally Posted by Tahoe Ray View Post
Principal has a solid plan in CA along with some great discount plans.

Also, the Standard that has some excellent products and is available in CA.

Frankly, there aren't a ton of DI carriers in any state.
No wonder why?!
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Old 04-21-2016, 01:03 PM   #8
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MetLife Suspends IDI Sales Re: MetLife Suspends IDI Sales
They had great benefits and the best rates for a lot of physician occupations, sold a bunch of Income Guard since it was introduced....sucks, more business for Guardian now.

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Old 05-05-2016, 10:43 AM   #9
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David Block on MetLife Suspends IDI Sales
 
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MetLife Suspends IDI Sales Re: MetLife Suspends IDI Sales
It is my understanding that they intent to reintroduce the product once they figure out a distribution model and close out some of their divisions to make them "too small to fail" !
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Old 07-05-2016, 01:47 PM   #10
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MetLife Suspends IDI Sales Re: MetLife Suspends IDI Sales
Why is DI in California, specifically, a weak product?
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