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Metropolitan Life Insurance Company was a mutual company at that time and prior to then. It converted to a stock company as many of the large mutual companies did about then. A mutual company is owned by the policyholders meaning that if you owned a Metlife policy you were technically an owner. This is why their whole life policies paid dividends instead of interest which was much better. For full disclosure, I own and operate a small Independent Insurance Agency in Georgia and have for the past 22 years. I also worked for a direct writer for the 3 years before that.

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Q: Who were the owner of metropolitan insurance in the 1980's?
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