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Retirement Income Annuities Overview

Offering an income annuity is a simple way to complete your defined contribution retirement plan and support your employees’ savings goals with guaranteed lifetime income in retirement.1,2

Help your employees secure lifetime income in retirement

Why guaranteed lifetime income? Fixed income annuities help to ensure that employees have a guaranteed and predictable layer of income to meet their financial needs in retirement.1 Employers can offer as part of the retirement income strategy:

  • A distribution option within a defined contribution (DC) plan 
  • A way of fulfilling various non-qualified executive benefit obligations, which can be a valuable executive retention tool for Supplemental Executive Retirement Plans (SERPs), Non-Qualified Deferred Compensation (NQDC) Plans and Executive Bonus Plans (Sec. 162)

Benefits for plan sponsors

Benefits of offering lifetime income options:
  • Simple & Easy: As a plan distribution option, there are no portability concerns and no expensive or timely build with your record-keeper. Fixed income annuity products are easy to implement for plan sponsors and easy to understand by employees.
  • Low Cost: Employees benefit from institutional pricing of lifetime income products at no additional cost to plan sponsors.
  • Complementary: Partial distributions allow remaining assets to stay in the plan, providing for liquidity and guaranteed income needs.
  • Advocacy: Maximize successful retirement outcomes, with customizable communications and award-winning education that is backed by superior customer service.

Solutions for the public sector

Whether you’re a government agency or a nonprofit organization, we’re ready to help you ensure your employees reach their goals and not run out of income in retirement.
  • 100% of our public sector customers find MetLife easy to do business with3
  • Approximately 3,000 public sector organizations served across the country4        
  • 50% of the state governments across the U.S. offer MetLife group benefits5
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1 All guarantees are subject to the financial strength and claims-paying ability of Metropolitan Life Insurance Company.

2 Group annuity contracts are issued through Metropolitan Life Insurance Company. 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 MetLife National Accounts and Regional Market Account Management Satisfaction surveys. Based on responses from public sector customers who participated and responded to the survey, 2016.

4 MetLife Internal Book of Business, 1Q 2017.

5 MetLife Internal Book of Business, 2018.

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.