How to Determine the Value of an Old MetLife Insurance Policy

Locate the Policy Documents

Start by gathering any paperwork you still have: the original policy contract, renewal notices, and past statements. If you have lost these, request a copy from MetLife's customer service or use the online portal if you have a digital account.

Identify the Policy Type and Features

Determine whether the policy is a term, whole life, universal life, or indexed product. Each type has a different valuation method. Look for key terms such as face amount, death benefit, and any riders (e.g., accelerated death, disability).

Check the Cash Value and Accumulated Dividends

Whole and universal life policies build cash value. Locate the most recent statement to see the current cash value, accumulated dividends, and any policy loans or withdrawals that may reduce the amount.

Use MetLife's Online Tools

Create or log into your account at MetLife.com. The portal provides a real‑time policy dashboard showing current value, projected growth, and loan balances.

Consult a Qualified Advisor

For complex policies or if the documents are unclear, engage a licensed insurance broker or financial planner who can perform a detailed valuation and explain tax implications.

Consider Tax and Policy Loan Impacts

Policy loans and withdrawals reduce the cash value and may trigger taxable income. A professional can calculate the exact tax effect based on your policy's history.

Maintain Updated Records

Once the value is confirmed, keep a digital copy and update it annually. This ensures accurate information for estate planning or potential policy sale.