|
With MFSP, you may invest in a Fixed Account through an annuity
and mutual funds with no front-end sales charges. All mutual
funds are purchased at net asset value, which means 100% of
your contributions are deposited into your mutual fund selections.
Other fees and expenses of the mutual funds apply to continued
investments and are described in the current prospectuses. MFSP
features:
- Mutual funds purchased at NAV
- Various payout options
- No additional plan administrative fees
- Unlimited transfers (some restrictions may apply; please
see prospectus for each mutual fund)
Funding Options
* To deter market-timing or other disruptive trading in fund shares, some funds have a fee on a redemption of shares recently purchased.
Morningstar categories/asset classes used with permission
of Morningstar Associates, LLC (Morningstar), which is not affiliated
with MetLife.
Charges & Expenses
There are no additional plan administrative fees associated
with MFSP mutual funds. However, mutual fund companies charge
fees and have certain expenses. See the prospectus for each
fund for more information. Withdrawals where permitted are subject
to IRS rules. They are subject to ordinary income tax and an
additional 10% penalty if you are under the age of 591/2. There
is no 10% tax penalty for 457 arrangements. Please see the prospectus(es)
for more information. Gold Track Select (GTS) Variable Annuity
Fixed Account may be subject to a market value adjustment in
the event that the GTS contract with UTS is discontinued with
the GTS issuer, MetLife Insurance Company of Connecticut. Guarantees
for the Fixed Account are subject to the financial strength
and claims-paying ability of MetLife Insurance Company of Connecticut.
Mutual funds are sold by prospectus, which is available
from your registered representative. Please carefully consider
investment objectives, risks, charges, and expenses before investing.
For this and other information about any mutual fund investment
please obtain a prospectus and read it carefully before you
invest. Investment return and principal value will fluctuate
with changes in market conditions such that shares may be worth
more or less than original cost when redeemed. Diversification
cannot eliminate the risk of investment losses, and past mutual
fund performance is not a guarantee of future results.
Gold Track Select Variable Annuity is offered by prospectus
only, which is available from your registered representative.
You should carefully consider the products features, risks,
charges and expenses, and the investment objectives, risks and
policies of the underlying portfolios, as well other information
about the underlying funding choices. This and other information
is available in the prospectus, which you should read carefully
before investing. The amounts allocated to the variable investment
options of your account balance are subject to market fluctuations
so that, when withdrawn or annuitized it may be worth more or
less than its original value. Product availability and features
may vary by state. The Registered Fixed Account Option (also
known as the Gold Track Select Variable Annuity Fixed Account)
is offered by prospectus only, which is available from your
registered representative. Withdrawals from the Registered Fixed
Account are subject to a market value adjustment. The market
value adjustment may be lower or higher than your contract value.
Gold Track Select is issued on policy form number L-14666TX,
L-14669TX and L-14672TX by MetLife Insurance Company of Connecticut,
1300 Hall Boulevard, Bloomfield, CT 06002-2910. MetLife Investors
Distribution Company LLC (member FINRA) is the principal underwriter,
5 Park Plaza, Suite 1900, Irvine, CA 92614.
Mutual funds are offered through MetLife Securities, Inc.,
200 Park Avenue, New York, NY 10016 (Member FINRA/SIPC).
MetLife and/ or its affiliates receive fees from the fund families
or their affiliates for administrative, distribution and recordkeeping
services.
|