MetLife Promise Whole Life Portfolio

Transcription

1 UFS MetLife Promise Whole Life Portfolio No-Lapse UL Alternative [Presenter Name] 1

2 Whole Life Positioning MetLife Promise Whole Life 120 SM MetLife Promise Whole Life SM MetLife Promise Whole Life Select SM Death benefit solution Most affordable MetLife whole life product with focus on IRR on death benefit Cash value and income solution Slightly higher premiums than PWL 120, but competitive cash value IRRs Shorter premium duration with CV and income at retirement Guaranteed paid up in 10 years, 20 years or at age 65 and competitive CV and income at retirement 2

3 Portfolio Highlights Minimum Face Amounts PWL PWL Elite $250,000 $250,000 $250,000 Preferred $100,000 $100,000 $100,000 All Other $10,000 ($5,000 for ages 60 and up) $100,000 $100,000 Issue Ages PWL PWL All Nonsmoker and Smoker Juvenile Juvenile Substandard

4 Product Highlights - Riders PWL PWL , 20, 65 The Enricher Flex Term Rider (FTR) Disability Waiver of Premium (DW) Acceleration of Death Benefit Rider (ABDR) Enhanced Care Benefit Accidental Death Benefit Rider (ADB) Children s Term Insurance Rider (CTIR) Guaranteed Issue Rider (GIR) 4

5 Policy Options Guaranteed Values Male, Age 40, Preferred (2 nd Best Class) Nonsmoker, $1,000,000 Base Face, No Riders PWL 120 PWL Annual Premium $12,720 $15,370 $20,170 $22,570 $35,030 Total Premiums Paid at Age 65 Guaranteed Cash Value at Age 65 IRR on Guaranteed Cash Value at Age 65 Premiums Required to Age $318,000 $384,250 $504,250 $451,400 $350,300 $374,000 $375,000 $539,000 $539,000 $539, % -0.19% 0.51% 1.14% 2.12%

6 Policy Options Nonguaranteed Values Male, Age 40, Preferred (2 nd Best Class) Nonsmoker, $1,000,000 Base Face, No Riders PWL 120 PWL Annual Premium $12,720 $15,370 $20,170 $22,570 $35,030 Total Premiums Paid at Age 65 Non-guaranteed Cash Value at Age 65 IRR on Nonguaranteed Cash Value at Age 65 $318,000 $384,250 $504,250 $451,400 $350,300 $496,778 $690,769 $895,976 $905,608 $884, % 4.26% 4.17% 4.39% 4.58% Non-guaranteed values are based on current dividend scale which is not guaranteed and is subject to change. 6

7 Sample Client Profiles Clients who favor guarantees Premium Cash value Death benefit MetLife Promise Whole Life 120 MetLife Promise Whole Life MetLife Promise Whole Life Select Products, plus guaranteed premium duration of 10 years, 20 years or to age 65 Clients looking for low level premium with death benefit growth for face amounts $100,000 and above for face amounts below $100,000 Clients who need supplemental retirement income when lower required premiums are important when client wishes to pay premiums for specified duration Clients with estate planning needs when cash value is not as important when cash value is important and client wants lower premiums than limited pay products when cash value is important and short premium duration is needed 7

8 Case Study - No-Lapse UL Alternative Male, Age 55, Preferred Nonsmoker $1M Death Benefit Need Concerned if needs change in the future, what options does he have with no-lapse UL? 8

9 Case Study - No-Lapse UL Alternative PWL 120 with 50% FTR can offer similar protection with additional options FTR minimum guarantee to age 85 Guaranteed and non-guaranteed cash value Competitor No-lapse Options This data was compiled from ledgers or software provided by participating companies. The information is believed accurate and current as of 1/2013. This information cannot be guaranteed and is subject to change. This information is for producer use only. It is not to be shown to the public or to clients in any form or reproduced in whole or in part. 9

10 Case Study - No-Lapse UL Alternative 50% FTR on PWL 120, FTR paid up at age 100, premiums paid to age 100 Premiums Cash Value No-Lapse UL PWL 120 Premium Difference $12,318 $17,190 $4,872 (40%) Age 65 Age Guaranteed Cash Value No-Lapse UL PWL 120 Incremental IRR No-Lapse UL PWL 120 Incremental IRR $0 $106, % $0 $226, % Non-guaranteed Cash Value No-Lapse UL PWL 120 Incremental IRR No-Lapse UL PWL 120 Incremental IRR $38,894 $140, % $105,786 $349, % Non-guaranteed cash values and the FTR being paid up at age 100 are based on current assumptions for interest rates and current dividend scale, which are not guaranteed. Incremental IRR is the rate of return that would be needed to match the rate of return on cash value using an an outside investment and funded with same dollar amount of incremental premiums. 10

11 Questions? 11

12 Any presentation to the public that includes policy values or other policy or company information must be part of a policy illustration, in the case of nonguaranteed values, or other material that is prepared and approved by the issuing company. Pursuant to IRS Circular 230, MetLife is providing you with the following notification: The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of insurance products. Your clients should seek advice based on their particular circumstances from an independent tax advisor. MetLife, its agents, and representatives may not give legal or tax advice. Any discussion of taxes herein or related to this document is for general information purposes only and does not purport to be complete or cover every situation. Tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the facts and circumstances. Your clients should consult with and rely on their own independent legal and tax advisors regarding their particular set of facts and circumstances. MetLife Promise Whole Life, MetLife Promise Whole Life 120, MetLife Promise Whole Life Select 10, MetLife Promise Whole Life Select 20, and MetLife Promise Whole Life Select 65 are issued by MetLife Investors USA Insurance Company generally on Policy Form 5E in all jurisdictions except New York, where they are issued by Metropolitan Life Insurance Company generally on Policy Forms 1E NY and 1E NY-A.. Guaranteed Level Term is issued by MetLife Investors USA Insurance Company on Policy Form 5E and New York only by Metropolitan Life Insurance Company on Policy Form 1E NY.All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company. All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company. July 2013 Life Insurance Products: Not A Deposit Not FDIC-Insured Not Insured By Any Federal Government Agency Not Guaranteed By Any Bank Or Credit Union Not a Condition to Any Banking Service or Activity May Go Down in Value BDWL23383 L [0814] 2013 METLIFE, INC. PEANUTS 2013 Peanuts Worldwide 12