Eye on the MetLife spinoff: Will it live up to billing?
March 16, 2017 by Warren S. Hersch
MetLife Inc.’s months-long transformation advanced a step forward this month, when a soon-to-be spun-off business unit unveiled several products under its own brand. The question for industry-watchers is whether MetLife’s over-arching strategy will yield the desired results — more agile, focused and growing companies serving separate markets — or something akin to “divestiture remorse.”
The question isn’t an idle one. For hundreds of millions of dollars in sales of individual life insurance and annuity products are riding on the outcome. The success of the strategy could significantly sway the product orientation of thousands of insurance and financial service professionals long affiliated with the 149-year-old insurer.
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