This is a hypothetical example of how you can grow, take, protect and leave your retirement income.
Meet the Maxfields
Lucy and Roy Maxfield are both 65 years old. They plan to retire from their current jobs in the next 5 or 6 years and do some part-time consulting for a while. They have a large family – children and grandchildren – and are anxious to be able to spend more time with them in the coming years.
Lucy and Roy have saved for retirement through company 401(k) plans and on their own. They’d like to invest a portion of their retirement savings – $500,000 – so that it will continue to grow until they need it. But they are uncomfortable with large fluctuations in investment performance, with all the volatility in recent years. They are willing to give up some of the market’s upside potential in exchange for protection against extreme market downturns.
When they need to take withdrawals, they’d like flexibility, at first. That way, if their consulting business takes off and they don’t need the withdrawals, they can “turn it off”.
They want to make sure they both have income for life and would like to leave assets to their children after they’re gone.
The Maxfields talk to their financial professional and decide to invest $500,000 in a MetLife variable annuity with the optional GMIB Max living benefit and EDB Max death benefit riders with the four Protected Growth Strategy portfolios. Each rider is available for an additional annual charge.
This will allow them to:
- Invest in forward-thinking investment strategies that are designed to reduce risk and volatility
- Help grow and protect their retirement income
- Start and stop withdrawals whenever they need to without losing the compounding feature
- Take lifetime income for both spouses
- Leave the surviving spouse with more choice and flexibility including continuing the contract with the riders
- Potentially leave a larger legacy to their children
See what your situation could look like…
For questions, more details or to see an illustration using your actual situation, contact your financial professional today.
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Maxfields - Example
Although a variable annuity may be an appropriate choice for some people as part of an overall retirement portfolio, it is not suitable for everyone. You should speak to your financial professional to discuss whether a variable annuity is right for you. Please read the prospectus for complete details before investing.
Guarantees apply to certain insurance and annuity products, including optional benefits (not securities, variable or investment advisory products), are subject to product terms, exclusions and limitations, and are based on the insurer’s claims-paying ability and financial strength.
If you are buying a variable annuity to fund a qualified retirement plan or IRA, you should do so for the variable annuity’s features and benefits other than tax deferral. In such cases, tax deferral is not an additional benefit of the variable annuity. References throughout this material to tax advantages, such as tax deferral and tax-free transfers, are subject to this consideration.
Investment Performance Is Not Guaranteed.
This material must be preceded or accompanied by a prospectus for variable annuities issued by MetLife Investors Insurance Company, MetLife Investors USA Insurance Company, First MetLife Investors Insurance Company or Metropolitan Life Insurance Company. Prospectuses for the investment portfolios are available from your financial professional. The contract prospectus contains information about the risks, charges and expenses. Investors should consider the investment objectives, contract features, risks, charges and expenses of the investment company carefully before investing. The investment objectives, risks and policies of the investment options, as well as other information about the investment options, are described in their respective prospectuses. Please read the prospectuses and consider this information carefully before investing. Product availability and features may vary by state. Please refer to the contract prospectus for more complete details regarding the living and death benefits.
Variable annuities are long-term investments designed for retirement purposes. MetLife variable annuities have limitations, exclusions, charges, termination provisions and terms for keeping them in force. There is no guarantee that any of the variable investment options in this product will meet their stated goals or objectives. The account value is subject to market fluctuations and investment risk so that, when withdrawn, it may be worth more or less than its original value. All product guarantees, including optional benefits, are based on the claims-paying ability and financial strength of the issuing insurance company. Please contact your financial professional for complete details.
Withdrawals of taxable amounts are subject to ordinary income tax and if made before age 59½, may be subject to a 10% Federal income tax penalty. Withdrawals will reduce the living and death benefits and account value. Withdrawals may be subject to withdrawal charges.
Variable annuities, other than Preference Premier®, are issued by MetLife Investors Insurance Company on Policy Form Series 7150 (12/00), MetLife Investors USA Insurance Company on Policy Form Series 8010 (11/00); 5 Park Plaza, Suite 1900, Irvine, CA 92614 and in New York, only by First MetLife Investors Insurance Company on Policy Form Series 6010 (02/02) and 4506 (06/02); 200 Park Avenue, New York, NY 10166. The Preference Premier variable annuity is issued by Metropolitan Life Insurance Company on Policy Form Series PPS (07/01); 200 Park Avenue, New York, NY 10166. Preference Premier is offered through MetLife Securities, Inc. and New England Securities Corporation; both at 1095 Avenue of the Americas, New York, NY 10036. All variable products are distributed by MetLife Investors Distribution Company; 5 Park Plaza, Suite 1900, Irvine, CA 92614. All are MetLife companies. February 2012
| • Not A Deposit • Not FDIC-Insured • Not Insured By Any Federal Government Agency
• Not Guaranteed By Any Bank Or Credit Union • May Go Down In Value |
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