Helping to Guarantee Your Retirement Dreams
Preference Guaranteed Select (PGS) can be part of a long-range strategy to help grow your retirement income, independent of your pension and Social Security benefits. This single premium deferred annuity can help guarantee a stream of income for life,1 can help protect from market volatility and help provide you with the standard of retirement living that you’ve worked so hard to achieve.
PGS offers benefits that are important in helping meet retirees’ financial needs such as tax-deferred cash accumulation,2 a “locked-in” guaranteed interest rate,1 and flexible access to your money. And, when it’s time for you to begin receiving income, you can convert your PGS account balance into predictable, fixed income payments via several different payout choices, including the opportunity to provide income for you, income for two people and other available options. Taxable withdrawals are subject to ordinary income taxes and are generally subject to a 10% (25% in the case of SIMPLE IRAs) federal tax penalty prior to age 59½. Withdrawal charges may apply and, in most states, a market value adjustment may also apply.
With a fixed annuity such as Preference Guaranteed Select, you can count on guaranteed retirement income for the rest of your life. For details on PGS, click on the link to download our client brochure.
1 Guarantees are based on the financial strength and claims-paying ability of Metropolitan Life Insurance Company.
2 Tax qualified accounts, including IRAs, TSAs and employer-sponsored plans like the 40l(k), provide the advantage of tax deferral. Annuities duplicate this feature, so there should be reasons other than tax deferral for funding an IRA with an annuity.
Pursuant to Circular 230 Notice, MetLife is providing you with the following notification: The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of this annuity. You should seek advice based on your particular circumstances from an independent tax advisor.
Neither MetLife nor its representatives or agents are permitted to give legal or tax advice. Any discussion of taxes included in or related to this document is for general informational purposes only. Such discussion does not purport to be complete or to cover every situation. Current tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the particular set of facts and circumstances. You should consult with and rely on your own independent legal and tax advisors.
MetLife’s Preference Guaranteed Select, like all annuities, is an insurance product and is not insured by the FDIC, or any other government agency. Like most annuity contracts, MetLife’s contracts contain withdrawal charges, termination provisions, exclusions, limitations, holding periods and terms for keeping them in force. Taxable withdrawals are subject to ordinary income taxes and are generally subject to a 10% federal tax penalty prior to age 59½. See your MetLife representative for complete costs and details. All product guarantees are based on the financial strength and claims-paying ability of Metropolitan Life Insurance Company. To learn more about MetLife or find a representative, click on the link provided.
The Preference Guaranteed Select Fixed Annuity is issued by Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166.
