This week's mailing for Met employee group LTC is quite the shocker. Demanding people take either a 10 year rate lock skyrocketing their policy premiums or a Lifetime rate lock with will double their premiums for life. The 10 year lock has a lot of bold print basically saying once the 10 is over you'll see more rate increases. This is going to cause a lot of people to quit the product. Sadly when Met was selling the product to group customers they never offered a rate lock like they did to some of the other group customers. Now their poor investments, inaccurate forecasting and mismanagement will create a crisis of lapsed insureds. People counted on Met protecting them, now they are just another casualty.
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Their unsolicited mailers go right into their office provided paper shredders. It's impossible to get off their garbage mailing lists! They need to stop wasting money mailing to employees! They can email us if they feel they need to. In any event, I am not interested in their products or products they sold to other companies that bow mail me their junk.