Term companies provide time specific insurance policies to the public. These term insurance policies offered by term companies are very popular as they are less expensive in nature. People who need security for a temporary period of time usually opt for these policies.
Met Life Insurance or Metropolitan Life Insurance company was established first in the year 1863. A group of businessmen from New York City raised nearly $100,000 and decided to establish the National Union Limb and Limb Insurance Company. In 1868, after the company went through five struggling years the company became a life insurance company which decided to sell ordinary insurances to common mass and became the Met Life Insurance company.
Sun Life Insurance Company was founded in Montreal in the year 1865 by Mathew Hamilton Gault who was an immigrant from Ireland, settled in the city of Montreal in the year 1842. Sun Life Insurance Companies actions actually started in and around 1871.But by the end of 17th century Sun Life Insurance Company had flourished in the Central and the Southern part of America, the isles of West Indies, Japan, China, India, North Africa and other insurance markets all over the world.
