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Lifetime Income

Lasting Retirement Income

Navigating Successful Retirement Outcomes

With the ongoing shift from defined benefit (DB) pensions plans to defined contribution (DC) plans, employees are required to take on more of the responsibility to ensure their savings last throughout retirement, regardless of market conditions. Help your employees prepare for the long-term even during uncertain times.

Delayed Retirement is a Growing Concern

Today’s unpredictable financial environment is creating uncertainty and stress among employees. Employees are increasingly questioning when and if they can retire, and are looking to employers for help.

48
%

of employees are concerned about their ability to retire as planned/on schedule.2

59
%

of employees are concerned about outliving their retirement savings.2

81
%

of employers say they have workers delaying retirement because they feel financially trapped.3

95
%

of workers and retirees say it’s important for retirees to have a source of income they cannot outlive.3

As financial health has become a top priority for employees, employers can take important steps now to help them prepare for retirement.

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Lifetime Income Solutions for your Defined Contribution Plan

Fixed income annuities provide employees with a guaranteed and predictable layer of income to meet their financial needs in retirement.1 Employers can offer them as:

  • 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).
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Benefits of MetLife Lifetime Income Options:

Valuable

Guaranteed income solutions are tools that help employees confidently retire.1

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

Award-winning employee educational program and access to superior customer service.

MetLife's 2022 Paycheck or Pot of Gold Study

MetLife’s 2022 Paycheck or Pot of Gold Study focuses on the “great retirement decision” of whether workers should take accumulated savings as a retirement paycheck or a perceived “pot of gold” – or some combination of the two.

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Workforce Dynamics are Shifting

MetLife’s 20th Annual U.S. Employee Benefits Trends Study shows how employer-employee relationships have changed. See what’s transformative today.

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

** 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. 

1 All guarantees are based on the claims-paying ability and financial strength of the issuing MetLife company.

2 19th Annual MetLife U.S. Employee Benefit Trends Study, 2021

3 MetLife’s Evolving Retirement Study, March 2020

MetLife Research, February 2021. On behalf of MetLife, CITE Research (www.citeresearch.com) conducted an online survey among 200 HR decision-makers. Employer research was conducted between February 5-25, 2021. Employer respondents were screened to work in HR, be very involved in decisions about the company’s retirement benefits, and work at a company that offers a 401K plan.

MetLife Research, February 2021. On behalf of MetLife, CITE Research (www.citeresearch.com) conducted an online survey among 600 employees nearing retirement.  Employee research was conducted between February 5-10, 2021. Employee Respondents were screened to be planning to retire in the next five years or beginning to play retirement, be 56-75 years of age and have access to a 401K plan through their employer.

MetLife, its agents and representatives may not give legal, tax or accounting advice and this content 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.

Any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation. Metropolitan Tower Life Insurance Company, 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. Metropolitan Tower Life Insurance Company annuity products may not be available in all states. Contact your Metropolitan Tower Life Insurance Company 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