Lifetime Income
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Navigating Successful Retirement Outcomes
The ongoing shift from defined benefit (DB) pension plans to defined contribution (DC) plans requires employees to take on more of the responsibility to ensure their savings last throughout retirement, regardless of market conditions. Today, many of those within five years of retirement (62%) believe they have underestimated the amount of money they need to save for retirement.2 Our research one in five retirees who took a lump sum from their DC plan had depleted it in an average of 4 ½ years.1
92%
of pre-retirees feel it is valuable to have a guaranteed monthly annuity “paycheck” to cover their bills.1
3x more likely
Lump sum retirees now say they wish they had taken their DC savings as annuity payments1
9 in 10
of retirees who chose an annuity at retirement believe they’re better off financially than if they had chosen a lump sum.1
4 ½ years
The average amount of time one in five retirees who took a lump sum distribution depleted it.1
Lifetime Income Solutions for your Defined Contribution Plan
Empower your employees to confidently retire knowing they will never outlive their savings with guaranteed income solutions designed to enhance your DC retirement plan. Fixed income annuities—both immediate and deferred options—can be used to convert a portion of your employees’ savings into a fixed monthly paycheck, guaranteed in their retirement years.
Featured Insights
For our latest MetLife Paycheck or Pot of Gold Study, MetLife commissioned a survey of 2,022 pre-retirees and retirees about the decision to take a lump sum or an annuity from their defined contribution plan.
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Benefits of MetLife Lifetime Income Options:
Guaranteed
Guaranteed income solutions are tools that help employees confidently retire.3
Flexible
Partial distributions allow remaining assets to stay in the plan, providing liquidity to complement guaranteed income needs.
Simple
Designed as a voluntary offering at no cost to you, with the benefit of institutional pricing for participants.
Supportive
Employee educational program and access to superior customer service
Expertise
Over 50 years of experience in the institutional income annuity industry.
Trustworthy
Financial ratings are among the highest in the industry.4
Meet The Team
When you partner with MetLife, you are choosing a leader with over 50 years of experience in the institutional income annuities business. Trusted by consultants, recordkeepers, and plan sponsors to help plan participants navigate success retirement outcomes.