Financial Services Industry
Industry: Email Alert RSS FeedAn equity rider from MetLife -- it just might pay!
Investment News, September, 2000
MetLife Inc. in New York has added the Equity Enricher, an equity rider, to its whole-life insurance line, which already includes a fixed-option rider called the Enricher. Both riders are marketed to consumers under the Enricher Options umbrella. The riders are intended to help customers accumulate more cash value or receive greater death-benefit protection beyond their base whole-life policy.
They use an additional premium payment to purchase insurance in addition to MetLife's L-98, a whole-life policy that offers guaranteed death benefit, guaranteed cash value and level, guaranteed premiums. When a customer purchases the Enricher Options riders, the premium can be invested in the fixed option and two equity investment options -- the MetLife Stock...
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