The California State University TSA Program serviced by MetLife Resources offers 22 mutual funds covering 18 different asset classes as part of a platform called the Mutual Fund Select Portfolios (MFSP). The lineup also includes the Strategic Value Annuity, a fixed annuity issued by MetLife Insurance Company of Connecticut.
Morningstar asset class information used with permission of Morningstar, Inc. Morningstar, Inc. is not affiliated with MetLife.
MetLife Resources is a division of Metropolitan Life Insurance Company, 200 Park., Ave, New York, NY 10166
Securities and investment advisory services are offered by Registered Representatives and Investment Advisor Representatives, respectively, of MetLife Securities, Inc. (MSI), (member FINRA/SIPC), a Registered Investment Adviser, 1095 Avenue of the Americas, New York, NY 10036.
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.
The Fixed Annuity (SVA) is a fixed, deferred annuity issued by MetLife Insurance Company of Connecticut (MICC), 1300 Hall Boulevard, Bloomfield, CT 066002. MetLife Investors Distribution Company (member FINRA), 5 Park Plaza, Suite 1900, Irvine, CA 92614 is the principal underwriter. Policy Form # L-22419C.
SVA is a fixed annuity offered by prospectus only, which is available from your registered representative. Withdrawals from the Fixed Annuity may be subject to a withdrawal charge and a market value adjustment. The market value adjustment may be lower or higher than your contract value. See the prospectus, which is available for your representative, for more details.
Most insurance policies and annuity contracts contain exclusions, limitations, reduction of benefits, surrender charges and terms for keeping them in force. Your representative can provide you with costs and complete details.
The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. Clients should seek advice based on their particular circumstances from an independent tax advisor since since any discussion of taxes is for general purposes only and does not purport to be complete or cover every situation.
MetLife, its agents, and representatives may not give legal, tax or accounting advice and this document should not be construed as such. Clients should confer with their qualified legal, tax and accounting advisors as appropriate.
Federal income tax rules, with certain exceptions, prohibit withdrawals before age 59 ½ from a TSA. Where pre 59 ½ withdrawals are allowed a 10% federal tax penalty may apply. Withdrawals are subject to ordinary income taxes. For any tax qualified account, like a TSA, the tax deferred accrual feature is provided by the tax qualified retirement program therefore, there should be reasons other than tax deferral for acquiring an annuity contract within a retirement program.
MetLife and/ or its affiliates receive fees from the fund families or their affiliates for administrative, distribution and recordkeeping services