Prudential vs. MetLife life insurance: Which is better? | finder.com

Prudential vs. MetLife life insurance

MetLife offers a dynamic product selection, while Prudential's rock-solid finances are best-in-class.

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These two mammoth providers offer term and universal coverage. But a policy with MetLife is only available through your employee unless you opt for its Brighthouse Financial brand. Compare availability, price point and customer satisfaction before making your final pick.

What is Brighthouse Financial? MetLife launched Brighthouse Financial in 2017 as a way to offer individuals life insurance policies outside of an employer. Worth $223 billion in assets, Brighthouse Financial holds over 2.3 million life insurance policies. Today, MetLife and Brighthouse Financial operate completely separately, though MetLife is the largest shareholder of Brighthouse Financial, holding 20% of its common stock.

Life insurance products

MetLife’s products run the gamut of what’s out there, while Prudential zeros in on term, universal and variable plans.

Product
Description
Prudential
MetLife
Term Most affordable option and beneficiaries get paid if you die before the policy ends
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Whole Set premiums and a benefit that builds cash value over time
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Universal Flexible premiums and a benefit that builds cash value over time
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Variable Flexible premiums, plus a range of investment options to grow cash over time
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Final expense Meant to cover end-of-life expenses, such as a funeral
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Costs

The exact cost of your life insurance policy depends on personal factors such as your age, health and gender. MetLife doesn’t publish information about its rates, so you’ll need to contact an agent to get a quote.

Here’s a glimpse of Prudential’s average monthly rates, depending on your age and gender.

Nonsmokers: Policy amount $250,000

Gender Age
Prudential
MetLife
Male 20
$22.53
N/A
Male 30
$20.34
N/A
Male 40
$24.50
N/A

Gender Age
Prudential
MetLife
Female 20
$15.97
N/A
Female 30
$17.21
N/A
Female 40
$22.53
N/A

Smokers: Policy amount $250,000

Gender Age
Prudential
MetLife
Male 20
$39.38
N/A
Male 30
$45.28
N/A
Male 40
$75.69
N/A

Gender Age
Prudential
MetLife
Female 20
$28.66
N/A
Female 30
$36.97
N/A
Female 40
$62.13
N/A

Rates include all states except New York and Montana. Quotacy data is valid as of May 2018.

Policy riders

Life insurance riders fill in the gaps where regular coverage might fall short. Browse the riders offered by Prudential and MetLife to ensure they have what you’re looking for.

Prudential
MetLife
Accelerated death benefit
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Accidental death
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Disability waiver of premium
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Chronic and terminal care
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Cash value
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Child Protection
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Survivorship (joint policies)
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Guaranteed policy split (joint policies)
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Estate protection (joint policies)
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*While MetLife doesn’t offer child protection riders, its Dependant Term Life plan can provide coverage for eligible children.

While MetLife doesn’t offer child protection riders, its Dependant Term Life plan can provide coverage for eligible children. Also, MetLife falls short on joint policy riders because it does not, in fact, offer joint policies.

Comparisons based on data available July 2019

Financial strength

Credit rating agencies analyze the health of a provider by looking at financial stability, operational excellence and risk management strategies. Here’s how MetLife and Prudential stack up:

Prudential
MetLife
Winner
A.M. Best A+ A Prudential
Moody’s AA- A3 Prudential
Standard & Poor’s Aa3 A+ Prudential
Fitch AA- A Prudential
JD Power About average Better than most MetLife

Customer reviews

Prudential and MetLife’s Better Business Bureau profiles lend an idea of how responsible its customer service team is toward customer complaints:

BBB Rating Customer Reviews Overall
Prudential B 1 out of 5 stars There are 57 complaints, but 9 haven’t been addressed or resolved by Prudential — which likely contributes to its “B” rating.
MetLife A+ 1 1/3 out of 5 stars Of 502 complaints issued over the last 3 years, MetLife has resolved each one. This high level of responsiveness earns it an “A+” rating.

Bottom line

Prudential and MetLife are both stable insurers with a solid industry reputation, but MetLife is only available through an employer. If either option doesn’t suit your needs, compare life insurance providers to find a better fit.

Compare life insurance providers

Name Product Issue Ages Coverage Range Medical Exam Required
18 - 85 years old
$10,000 to $10,000,000+
Depends on provider and policy
Compare quotes from 16 life insurance companies side by side.
18 - 64 years old
$100,000 to $3,000,000
No
Customized term life insurance policies up to $3 million, no medical exam required.
20 to 60 years old
$100,000 to $8,000,000
No
Term life insurance with no policy fees and the freedom to cancel anytime. Simple application process that can get you approved for coverage instantly.
21 - 54 years old
$50,000 to $1,000,000
No
Affordable 2-, 10- and 20-year term life insurance policies. Instant quotes and no medical exams.
25 - 60 years old
$100,000 to $5,000,000
No
Offers term life insurance with accelerated underwriting. No-exam coverage up to $1,000,000 for those who qualify.
18 - 80 years old
$50,000 to $25,000,000
Depends on provider and policy
Get a quote within minutes from more than a dozen insurers.
20 - 85 years old
$100,000 to $1,000,000
Depends on policy
Get a term or whole life insurance quote from Fidelity Life - starting as low as $15/day.

Compare up to 4 providers

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