Lifetime Income Solutions

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Lifetime Income Solutions

Explore our solutions to add Lifetime Income to your defined contribution retirement plan.

Choice of Solutions for Lifetime Income in Retirement

Empower your employees to confidently retire knowing they will have a guaranteed lifetime income solution designed to complete your defined contribution retirement plan. Our income annuities provide a fixed paycheck for life — no matter how long that is.1,2

Explore Our Solutions

Income Now

MetLife Guaranteed Income Program (MGIP)

Income Later

MetLife Retirement Income Insurance® QLAC (Qualifying Longevity Annuity Contract)

A fixed immediate income annuity for employees who are planning to retire and would like benefit payments to begin within 12 months.

  • A series of consistent, predictable income payments that begin within a year of purchase and are guaranteed for as long as a participant lives.1
  • The option to add inflation protection and/or a cash refund for additional protection of a participant’s money and loved ones.

A fixed deferred income annuity for employees who are planning to retire and would like benefits payments to begin at a later age (typically 80-85).

  • A longer deferral period which translates into higher income payments once they begin.
  • A reduced required minimum distribution which means less reportable income.
  • Protection against longevity risk while remaining assets in the DC plan can continue to grow over time.

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1 All guarantees are subject to the financial strength and claims-paying ability of Metropolitan Life Insurance Company or Metropolitan Tower Life Insurance Company.

2 Group annuity contracts can be issued by Metropolitan Life Insurance Company (MLIC), 200 Park Ave. NY, NY 10166 or Metropolitan Tower Life Insurance Company (MTL), 5601 South 59th St., Lincoln, NE 68516, two wholly owned subsidiaries of MetLife, Inc. (“MetLife”). Like most group annuity contracts, MetLife group annuities contain certain limitations, exclusions and terms for keeping them in force. Ask a MetLife representative for costs and complete details.

3 Fortune 100® is a registered trademark of Fortune® magazine, a division of Time Warner, Inc.

Any discussion of taxes is for general informational 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. You should confer with your qualified legal, tax and accounting advisors as appropriate. MetLife annuity products may not be available in all states. Contact your MetLife representative for more information.

Metropolitan Life Insurance Company (MLIC), 200 Park Ave. NY, NY 10166

Metropolitan Tower Life Insurance Company (MTL), 5601 South 59th St., Lincoln, NE 68516