Features and Benefits will vary by state 1

Metropolitan Life Insurance Company

New York, NY 10166

Agent training use only—Not to be used with general public LD#0501D3K8(exp0106MLIC-LD

VIP2 Policy Series Introduction

Long-Term Care Insurance

Features and Benefits will vary by state 2

MetLife LTCI - Current and Future

MetLife is and will continue to be a “thought leader” in the LTCI marketplace

Rate stability over time is our #1 continued goal

The VIP2 Product series reflects changes in pricing assumptions and introduces the product enhancements that keep our product competitive

Features and Benefits will vary by state 3

Financial Strength and Stability- $375+ Billion in assets- @$ 3 Billion reserved for LTC claims Name Recognition-”Snoopy” Commitment to LTCi Market: TIAA/CREFF, AARP, Federal, Group, Individual (fastest

growing) Product Offerings-flexible Service- Local MGA’s & regional staff Nurse Care Coordinators on staff

Why MetLife ?

“MetLife Wants Your Long-Term Care Insurance Business”

Features and Benefits will vary by state 4

The VIP2 Series

Value Plan: Provides a good basic level of

coverage to consumers who do not need or want

added features

Ideal Plan: For majority of consumers - A

comparable product with added features

Premier Plan: Cash Payment - high end clients

that want to decide where to spend benefit dollars

Features and Benefits will vary by state 5

The Value Plan

Daily Reimbursement (Indemnity Rider can be added) Home Care: 50% ,75% or 100% of NH Benefit Assisted Living Covered at HHC Level Includes: Caregiver Training, Respite Care, All Riders, All

Payment Options & Discounts Elimination Period: Days of Service

Features and Benefits will vary by state 6

The Ideal Plan

Monthly Reimbursement-pool of money Assisted Living Covered at NH Level Home Care: 50%, 75% or 100% of NH Benefit Includes: Transition Expense, Supportive Services (n/a

CA), All Riders except Indemnity, All Payment Options & Discounts

Elimination Period: Days of Service

Features and Benefits will vary by state 7

The Premier Plan

Cash = Most Freedom of Choice

Home Care: 50%, 75% or 100% of Facilities Benefit

Per Diem Benefit: Paid out monthly

Proof of Covered Services: Not Required

Elimination Period: Based on Calendar Days

Seven year max BP

Features and Benefits will vary by state 8

Product Highlights

Basic Features found in all plans

International Coverage – Per Diem Benefit (in all policies)

Caregiver Training - (Value, Ideal & Facilities-Only)

Bed Reservation- 50 days-Use for any reason

Features and Benefits will vary by state 9

Product Highlights

Riders: Survivorship Return of Premium Shared Care Calendar Day Home Care Elimination Period Waiver Indemnity (Value Plan only)

COLA’s- 5% simple & compound & FPO

Features and Benefits will vary by state 10

Riders:

Survivorship Rider– Rider available on all Plans – Identical coverage not required– Can be purchased at any time by

Spouses/Domestic Partners– Paid up at death of Spouse in Year 11 or later; if

no claims paid Years 1-10 from Rider effective date

– Premium is 9% of base rate

Features and Benefits will vary by state 11

Calendar Day Rider (Value & Ideal Policies Only)

Changes Home and Community Care Elimination Period from Service Days to Calendar Days once you are Chronically Ill.

Supplemental Benefit = 50 times NH DBA - payment reduces TLB. No Elimination Period

Rider must be purchased at initial application Cannot be purchased with Home Care Elimination

Period Waiver Rider• Premium is 7% of base rate (w/ any EP)

Features and Benefits will vary by state 12

Home Care Elimination Period (EP) Waiver Rider (Value & Ideal Policies Only)

Waives Elimination Period for Home and Community Care

Days that Home Care is received count toward satisfying the Facility Care Elimination Period (even if Home Care benefits paid)

Supplemental Benefit = 50 times NH DBA - payment reduces TLB. No Elimination Period

Rider must be purchased at initial application Cannot be purchased with Calendar Day Rider• Premium is 17% of base rate (w/any EP)

Features and Benefits will vary by state 13

“Domestic Partners” VIP2 Definition Spouse & Marital discounts, Survivorship Option and Shared

Care option available to “Domestic Partners”

VIP2 Definition of “Domestic Partners”:– Two people who::

• Are registered or filed as domestic partners/ civil union with a government agency or office where registration is available.

– OR two people who meet ALL of these requirements:• 18 years of age or older; and• Neither person is married; and • They share the same residence;and• Are not related by blood or a manner barring marriage in the

jurisdiction; and • Have an exclusive mutual commitment to share responsibility for each

other’s welfare and financial obligations and such commitment is expected to last indefinitely

Features and Benefits will vary by state 14

Policy Effective Dates-VIP2 Changes

Cash with application– Conditional Coverage as of date application signed– Policy effective date will be date when the last underwriting/forms

requirement is met– If claim is incurred between application sign date and date last

requirement is received, policy effective date will be changed to application sign date

No cash with application– No Conditional Coverage– Policy effective date is 28 days after last underwriting/forms

requirement is met

Features and Benefits will vary by state 15

Product Highlights

Flexible Payment Options* – Continuous Pay – Double Pay First Year (Reduces premium in 2nd year and thereafter) – 10-Pay (Paid-up after 10 years))

– Paid to 65 (Paid-up at age 65)

– Reduced Pay at 65 (Higher premium up to age 65, reduced to ½ of the higher premium at age 65)

– *N/A with Future Purchase Rider

Features and Benefits will vary by state 16

Product Highlights

Discounts: Marital - 15% (both do not have to apply) Spouse - 30% (both apply and are approved-includes domestic partners

where not prohibited by law) Residential - 15% (2 or more people living in same home, both apply and

are approved - e.g. siblings, parents/children ) Preferred - 10% Maximum Combined Discounts:

– 40% with Spouse/preferred– 30% Marital/Residential/preferred

Features and Benefits will vary by state 17

Multi-Life Discount Program

50 or more lives-voluntary 5 or more- employer paid 5%-10% additional discounts All plans/riders are available- “mix & match” Simplified Underwriting List/direct billing options NO COMP CUTS!!!

Features and Benefits will vary by state 18

Underwriting“Think Like a Nurse Thinks”

We use Nurse underwriters-Nearly all are RN’s with extensive clinical/geriatric experience.

We look for “control and stability” in an applicant’s health history.

We have two classes- “Standard “ & “Preferred”. APPLY STANDARD

We offer “pre-screening” through the MGA

Features and Benefits will vary by state 19

Financial Strength and Stability- $375+ Billion in assets- @$ 3 Billion reserved for LTC claims Name Recognition-”Snoopy” Commitment to LTCi market: TIAA/CREFF, AARP, Federal, Group, Individual (fastest

growing) Product Offerings-flexible Service- Local MGA’s & regional staff Nurse Care Coordinators on staff

Why MetLife ?

“MetLife Wants Your Long-Term Care Insurance Business”