MetLife Pet Insurance Unleashes New Savings Calculator to Help Pet Parents Understand the Financial Benefits of Insuring Their Furry Loved Ones

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MetLife Pet Insurance introduces a new savings calculator to help pet parents understand the financial benefits of insuring their pets. The calculator showcases how MetLife's customizable insurance plans can reimburse up to 90% of vet bills for common pet illnesses, accidents, and preventative care, aiming to ease the financial burden on pet owners.

Savings calculator designed to help pet parents understand the paws-itive impact of pet insurance on their financial wellness.

NEW YORK--(BUSINESS WIRE)-- In recognition of Financial Literacy Month and to help pet parents better understand how much they can save on both preventative care and unexpected illnesses and accidents with pet health insurance, MetLife Pet Insurance announced today the release of its new savings calculator. The resource highlights how MetLife’s customizable insurance plans can reimburse up to 90%¹ of vet bills around common pet illnesses, accidents, and preventative care, and help pet parents feel confident in their ability to cover health-related expenses.

A recent survey² from MetLife Pet and OnePoll found health needs were the most expensive cost pet parents faced in 2023, averaging $1,242 on vet visits. What’s more, last year, 45% said their pet went through a major health event, though 82% of them weren’t financially prepared for the cost of it. Given only 58% of pet parents said they had pet insurance, those without this coverage faced a significant financial impact when trying to address these unexpected costs.

To help alleviate the stress associated with paying for pet care, the new savings calculator illustrates how MetLife’s Pet Insurance offering can help mitigate the costs of treatment for many health issues that arise throughout a pet’s life, including:

• Accidents: Accidents, such as a broken bone or poisoning, can happen unexpectedly – and these are often followed by a large vet bill, particularly for significant accidents. MetLife Pet Insurance can help provide mental and financial peace of mind during these stressful moments.
• Preventive Care: Just as people take precautionary steps to protect their health, MetLife Pet Insurance can provide financial support for costs related to preventative pet care, including dental cleaning, spaying/neutering, vaccination, and parasite prevention.
• Illnesses: Whether it’s skin allergies, heart disease, growth or tumor, or diabetes, MetLife Pet Insurance has short- and long-term illnesses covered.

“Every pet parent should have the opportunity to make important decisions about their pet’s health without cost being the deciding factor,” said Brian Jorgensen, CEO of MetLife Pet Insurance. “Particularly during Financial Literacy Month, we can’t overlook the significance of pet health insurance when it comes to ensuring the financial wellness of pet parents. Just as we take steps to protect our physical health, pet insurance can help protect pet parents’ financial health when it comes to routine and emergency care for our pets.”

The savings calculator was created to demonstrate the considerable impact MetLife’s Pet Insurance offering can have in terms of financial support for regular and unexpected vet costs. But MetLife Pet believes support should go beyond the financials, empowering pet parents throughout their entire parenthood journey – this includes access to a live 24/7 vet chat³ in its innovative mobile app, along with lost pet coverage, grief counseling⁴ support, and more.

To access the savings calculator and learn more about the value of pet insurance in all these circumstances, visit https://metlifepetinsurance.com/calculator.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

About MetLife Pet Insurance Solutions, LLC

MetLife Pet coverage is issued by Metropolitan General Insurance Company, a Rhode Island insurance company headquartered at 700 Quaker Lane, Warwick, RI 02886. MetLife Pet Insurance Solutions LLC is the policy administrator. It may operate under an alternate or fictitious name in certain jurisdictions, including MetLife Pet Insurance Services LLC (New York and Minnesota) and MetLife Pet Insurance Solutions Agency LLC (Illinois). For more information, visit https://www.metlifepetinsurance.com/.

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¹ Reimbursement options include: 50%, 70%, 80% and 90%. Pet age restrictions may apply.
² https://www.metlifepetinsurance.com/how-much-pet-parents-spend-on-their-pets/
³ Virtual veterinary services are available through the MetLife Pet App and are provided entirely by AskVet, a third-party partner; MetLife is not responsible for any pet guidance or advice provided or taken. Veterinarians providing virtual veterinary services cannot prescribe medication or answer questions about the pet policy. This feature is coming soon for exotic pets.
⁴ Grief Counseling services are provided through an agreement with TELUS Health, an unaffiliated third-party service provider. Grief counseling services provided by TELUS Health are separate and apart from the insurance provided by MetLife. Not available to NY residents.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240416989670/en/

Judi Mahaney

jmahaney@metlife.com

212-578-7977

Source: MetLife, Inc.

FAQ

How can MetLife Pet Insurance help pet parents save on vet bills?

MetLife Pet Insurance offers customizable insurance plans that can reimburse up to 90% of vet bills for common pet illnesses, accidents, and preventative care.

What did a recent survey by MetLife Pet and OnePoll reveal about pet health costs?

The survey found that health needs were the most expensive cost pet parents faced in 2023, averaging $1,242 on vet visits. Additionally, 45% of pet owners experienced a major health event with their pets, but 82% were not financially prepared for the cost.

Why is pet insurance important according to the press release?

Pet insurance is important as it can help pet parents cover unexpected health expenses for their pets, providing financial support during stressful situations like accidents, preventive care, and illnesses.

What specific health issues does MetLife Pet Insurance cover?

MetLife Pet Insurance covers a range of health issues for pets, including accidents like broken bones or poisoning, preventive care such as dental cleaning and vaccinations, and illnesses like skin allergies, heart disease, and diabetes.