Exhibit 99.1



Contacts:          For Media:         John Calagna
                                      (212) 578-6252

                   For Investors:     Kevin Helmintoller
                                      (212) 578-5140

          METLIFE INC. ANNOUNCES REMARKETING OF DEBENTURES UNDERLYING
                            EQUITY SECURITY UNITS

NEW YORK, February 6, 2003 -- MetLife, Inc. (NYSE: MET) announced today its
intention to remarket up to $1,006,250,000 aggregate principal amount of its
8.0% debentures, due May 15, 2005 (the "Debentures").

The Debentures were issued by MetLife to MetLife Capital Trust I (the "Trust"),
in April 2000 in connection with MetLife's public offering of equity security
units (the "Units") (NYSE: MIU). Each Unit initially consisted of a contract to
purchase, for $50, shares of MetLife's common stock on May 15, 2003, and a
capital security of the Trust. The capital securities represented undivided
beneficial ownership interests in the assets of Trust, which consisted solely of
the Debentures issued by MetLife to the Trust. In accordance with the terms of
the capital securities, MetLife has dissolved the Trust and is distributing the
Debentures to the holders of the capital securities. The remarketing is
provided for by the terms of a Purchase Contract Agreement dated as of April 7,
2000 between MetLife and Bank One Trust Company, N.A., as agent for the holders
from time to time of the Units.

The Debentures are scheduled to be remarketed in a public offering on February
12, 2003 by Credit Suisse First Boston LLC and Goldman, Sachs & Co., as joint
remarketing agents, pursuant to a remarketing agreement between them, MetLife
and Bank One Trust Company N.A. On the remarketing date, the remarketing agents
will attempt to reset the rate of interest payable on the remarketed Debentures
to a rate they believe is sufficient to cause the market value of each Debenture
to be equal to 100.5% of the "remarketing value," as described in the prospectus
dated April 4, 2000 issued by MetLife and the Trust in connection with the
public offering of the Units. The remarketing is being conducted on behalf of
Debenture holders and MetLife will not receive any of the net proceeds.

This press release does not constitute an offer to sell, nor a solicitation of
an offer to buy any of the Debentures or any other security. Any offers will be
made solely by means of a prospectus filed with the Securities and Exchange
Commission.

MetLife, Inc., through its subsidiaries and affiliates, is a leading provider of
insurance and other financial services to individual and institutional
customers. The MetLife companies serve approximately 12 million individuals in
the U.S. and companies and institutions with 33 million employees and members.
It also has international insurance operations in 13 countries.

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