MFFS B Class Product Details

Funding Options

  • Asset Allocation Portfolios
  • Index Portfolios
  • Portfolios that invest in Exchange Traded Funds (ETFs)
  • “Fund-of-Funds”
  • Fixed Interest Account

Automated investment strategies1

  • The Allocator
  • The Index Selector
  • The Equity Generator
  • The Rebalancer

Minimum contributions

None. If no contributions are made for more than 24 months (36 months in NY) and the account balance is under $2,000,MetLife may cancel the contract/certificate, if permitted by law, by paying the account balance less any outstanding loans (if loans are permitted by plan). Early withdrawal charges may apply.


Free, non-taxable, unlimited. (Restrictions may apply. See prospectus for more details.)

3% Rollover distribution and direct transfer credit

A 3% bonus (2% in NY) on eligible transfers in the first two contract/certificate years on B and L classes only. (Not available on transfers from other MetLife or MetLife affiliates’ products or if individuals are over age 65 on the contract/certificate issue date). For the 403(b) ERISA, 403(a), 457(b) and 401 markets, the transfer and credit must remain in the Fixed Interest Account for 5 years and is subject to forfeiture if withdrawn prior to 5 years. Other restrictions apply. See prospectus for details.

Income for life

Guarantee a stream of lifetime income.

Benefit sensitivity

No contract/certificate withdrawal charge will apply upon:

  • annuitization
  • death
  • a direct transfer to another MetLife approved product
  • any withdrawal required to avoid federal income tax penalties or satisfy federal income tax rules (for this annuity contract/certificate only)

After the first contract/certificate year, no contract/certificate withdrawal charge will apply upon:

  • disability2
  • terminal illness2
  • confinement to a nursing home2

After five years3 from the issue date of the contract/certificate, no contract/certificate withdrawal charges will apply upon:

  • retirement
  • severance from employment with the employer individuals had at the time they purchased the contract/certificate

Death benefit

Assuming income has not started, the standard death benefit is the greatest of: (1) Account balance; (2) total purchase payments reduced proportionately for withdrawals (including any applicable withdrawal charges). In each case, the amount is reduced by any outstanding loans, where loans are permitted by plan.

Optional annual step-up death benefit

The Optional Annual Step-Up Death Benefit is the greatest of (less outstanding loans, where loans are permitted by plan): 

(1) Account balance; (2) Total purchase payments reduced proportionately for withdrawals; (3) “Highest Anniversary Value” on any contract/certificate anniversary prior to owner’s 81st birthday, plus any subsequent purchase payments and reduced proportionately for withdrawals. This benefit must be elected at the time of purchase and is irrevocable. There is an additional charge of 0.10% annually.

Annual contract/ certificate fee

A $30 annual contract/certificate fee is deducted on a pro rata basis. This fee will be waived if: (1) Account balance exceeds $25,000, or (2) purchase payments exceed $2,000 within the last 12 months (fee not deducted from the Fixed Interest Account).

Annual Separate Account charge

  • B Class: 1.15%
  • L Class: 1.30%
  • C Class*: 1.45%

Annual Separate Account charges for American Funds funding options are an additional 0.25%. Additional investment-related fees and expenses will apply to the selected funding options and optional death benefit.

Withdrawal charges2,4

The following withdrawal charges apply to the amount withdrawn from the account balance based on the age of the contract/certificate issue date.

  • B Class: 12-year withdrawal charge schedule: 9%, 9%, 9%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0%
  • L Class: 7-year withdrawal charge schedule: 9%, 8%, 7%, 6%, 5%, 4%, 2%, 0%
  • C Class*: No withdrawal charges apply.

The fees and charges mentioned above do not include investment management fees and other expenses of the funding options under the contract/certificate. Withdrawal charge schedule may vary by state. Please refer to the prospectus for more information.

MFFS B Class compared to other MFFS Classes

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* The C Class is only available to new participants in groups established prior to 4/30/12 with the C Class in the 403(b) ERISA, 403(a), 457(b), or 401 markets.

1. No investment strategy can guarantee a profit or protect against a loss. Only one investment strategy may be in effect at a time. The Equity Generator and the Allocator are dollar cost averaging strategies that involve continuous investment in securities regardless of fluctuating price levels. Participants should consider their ability to continue purchases through periods of low price levels. We will continue to implement the Index Selector strategy using the percentage allocations of the model that have been in effect at the time individuals commence implementation of the strategy. These percentages will not change. Individuals should consider whether it is appropriate for them to continue this strategy over time if their risk tolerance, time horizon, or financial situation changes. This strategy may experience more volatility than our other strategies. The asset allocation models used in the Index Selector strategy may change from time to time.

2. Terminal illness and confinement to a nursing home do not apply to the 403(b) ERISA, 403(a), 457(b), and 401 markets. May not be available in all states, all ages or all tax markets. Must also be less than age 65 to receive the Disability Benefit. Social Security definition applies. Must be less than age 80 on contract/certificate issue to receive the nursing care and terminal illness waivers of withdrawal charges. Other restrictions apply. See the prospectus for details.

3. No five-year wait for retirement and severance in the 403(b) ERISA, 403(a), 457(b), and 401 markets.

4. Retirement plan distributions before age 59½ or severance are generally prohibited. Distributions may also be restricted as defined in the plan documents. Where permitted, distributions of taxable amounts are generally subject to ordinary income taxes and, if made before age 59½, may be subject to a 10% federal income tax penalty. The 10% federal income tax penalty generally does not apply to 457(b) plans. In the case of 457(b) governmental plans, the 10% federal income tax penalty may apply to distributions of amounts rolled over from another type of qualified retirement plan or IRA.