New England Financial Whole Life Insurance

While New England Financial is well known for being an office of MetLife, it offers a variety of unique whole life insurance policies that suit the needs of many consumers.

Did you know that the company was established in 1908? How about the fact that it continues to serve tens of thousands of consumers in the New England region?

The mission of the company says it all:

“We are committed to providing a diverse array of quality products and services tailored to the client’s business and personal insurance and financial needs.”

By fulfilling this mission, the company is able to provide consumers with a variety of whole life insurance choices. Furthermore, policyholders receive the best possible customer service.

The Good

Part of MetLife

From the outside looking in, this may not sound like that big of a deal. However, being part of the MetLife team allows the company to offer the best whole life insurance products.

Additionally, it has access to many types of advanced technology, all of which helps the company better serve its clients.

Options to Choose from

Although New England Financial offers both whole and term life products, it’s whole life insurance policies are among the most popular.

The company plays up the following benefits on its website:

  • Ability to build equity in the form of cash value.
  • Protection for your entire life.
  • More cost effective than term life insurance over the long run.

New England Financial encourages consumers to consider all types of coverage, but realizes that many people will eventually turn to a whole life policy.

Top Rated

Just the same as MetLife, New England Financial has received solid ratings by the biggest names in the industry. Consider the following:

  • M. Best Rating: A+
  • Standard & Poor’s Rating: AA-
  • Moody’s Rating: Aa3

While New England Financial may not rate at the top end of the scale by each service, it is competitive with many life insurance companies.

The Not So Good

Limited Area

The primary disadvantage of New England Financial is its limited service area. As the name suggests, the company does business primarily in the northeast part of the United States.

It has many offices throughout Connecticut and Massachusetts, as well as one in Kentucky.

For those who live in other parts of the country, it may be best to purchase through MetLife.

Dividend Rate

One of the top benefits of New England Financial is its dividend structure. Here is the history of the dividend since 2000:

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
7.75 7.75 7.50 7.25 6.50 6.50 6.00 6.00 5.50 5.50 5.25 5.25 5.25 5.00 5.00 5.00

Although the New England Financial dividend rate has slowly declined since 2000, the company is still considered to be on stable ground.

Final Word

As part of MetLife, you can be rest assured that New England Financial is in good financial position. Along with this, its partnership with the company helps it provide high-level service and the best products on the market.

New England Financial may not be an upper echelon whole life insurance company, but it’s an option worth considering, especially if you live in the northeast United States.

However we would recommend to go with MetLife’s Promise Whole Life instead.

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