Life Insurance In A Box

For the last couple of decades, Walmart has spread throughout the country like a wildfire taking out mom and pop stores, forcing consolidation of mid-sized businesses, and altered many small cities and towns across America.  However, this movement has also created countless amounts of jobs, has brought incredible deals to American households on everything they could possibly need all in one place, and has created a more efficient model of how shopping is done.  The last 10 years of Walmart’s seemingly unstoppable growth we have witnessed them rolling out entire grocery stores, fast food, optics (for eye glass fitting, etc), banking, and most recently, life insurance.  That’s right, life insurance.

Walmart and Metlife have teamed up to cut out some middleman (life insurance agents and agencies) to see how many people will actually walk into a Walmart and buy one of these “life insurance in a box” policies.  These “life in a box” policies are very simple and very small (only $25,000 of coverage for one year) and use a prepaid card for the policy followed by a quick phone call to activate the insurance.

Metlife is hoping to increase their overall life insurance sales and save up to $600 million by cutting out the middleman by 2016.  On the other hand, we are certain that many of the long standing MetLife insurance agents are secretly hoping this doesn’t work because if this “life in a box” takes off, many MetLife agents will most likely be out of a job.

Life Insurance Education