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
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.
Why Choose Us?
Seamless plan integration for easy implementation.
Requires no expensive or timely build.
Institutional pricing at no additional cost to you.
Dedicated client managers ensure smooth implementation and provide ongoing program support.
Award-winning employee educational program to help employees understand how the product works.
MetLife serves more than 90 of the FORTUNE 100® companies.3
Extensive experience providing institutional income annuities.