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Metropolitan Life Insurance might have created improper incentive programs to steer agents to sell unsuitable products to clients.

Click here if you have had similar experiences as those affected by this investigation.

Investigation Source (Case #07-cv-00121)

Federman & Sherwood

10205 North Pennslvania Avenue
Oklahoma City, OK 73120

Investigation Scope

Nationwide

Category Information

Investigation Topics

Undisclosed Fees By Investment Advisors
Unsuitable Investments
Investment Advisor Duties

Product or Service

Life Insurance

Injury Type

Monetary Loss

Investigation Details

Ongoing class action lawsuit against Metropolitan Life Insurance Company (MetLife) alleging that MetLife' s financial sales representatives violated that fiduciary duty when they failed to disclose to clients certain conflicts of interest created by MetLife's commission structures, fees, job-retention policies and other incentives which gave MetLife representatives a reason, in dealing with individuals such as the plaintiffs, to think first of their own financial interest in maximizing their sales of MetLife's proprietary products.

Specifically, a MetLife financial advisor pushed upon the plaintiff a MetLife proprietary Flexible Premium Multifunded Life insurance policy for the purpose of gaining a larger commission rather than to provide to the plaintiffs the correct insurance and investment product.

Defendant Details

Name (Stock Symbol)	Brief Description
Metropolitan Life Insurance Company	Metropolitan Life Insurance Company, also known as MetLife, provides insurance products.

Click here if you have had similar experiences as those affected by this investigation.

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