GLE PREMIUMI DEFERRED ANNUITIES VARIABLE MetLife Guaranteed Access Benefit SM Build your bridge Transition from saving to spending with more confidence ISSUED BY METLIFE INSURANCE COMPANY USA AND IN NEW YORK, ONLY BY FIRST METLIFE INVESTORS INSURANCE COMPANY
The strength of MetLife TABLE OF CONTENTS For over 140 years, MetLife and its affiliates1 have been insuring the lives of the people who depend on us. Our success is based on our long history of social responsibility, strong leadership, sound investments and innovative products and services.2 Plan for the future with guaranteed withdrawals...1 A leading global provider of annuities, insurance and employee benefit programs. What is a variable annuity?...2 Identified the housing bubble early and reduced our exposure to sub-prime mortgage-backed securities before the 2008 financial crisis.3 More consistent returns over time...3 How the Guaranteed Access Benefit works...4-5 The Guaranteed Access Benefit in action (a hypothetical case study)...6-10 More reasons to choose the Guaranteed Access Benefit...11 Raised approximately $2.3 billion in common stock offering during the 2008 financial crisis.4 Did not participate in the Troubled Asset Relief Program (TARP).4 Named one of Fortune Magazine s 2014 World s Most Admired Companies Insurance: Life & Health. 5 What more do I need to know?...12 1 Metropolitan Life Insurance Company and its affiliates are collectively and singly referred to as MetLife 2 www.metlife.com, Corporate Profile, MetLife History 3 www.metlife.com, Corporate Profile, Governance, Executive Officers, Steven A. Kandarian 4 www.nytimes.com, April 13, 2009, MetLife Opts to Forgo TARP Cash 5 FORTUNE magazine, Most Admired Companies, March 17, 2014 issue
Plan for the future with guaranteed withdrawals When you invest a portion of your assets in a MetLife variable annuity, you can elect the optional MetLife Guaranteed Access Benefit 1 rider for an additional annual charge. With the Guaranteed Access Benefit you can develop a flexible source of retirement income that is designed to help you bridge the gap between what you have today and what you may need in the future. If you stay within the terms of the benefit, you are guaranteed to receive back every dollar you invest, through a series of withdrawals, regardless of market performance. This may give you more certainty and confidence as you make the transition from saving to spending your retirement assets. The longer you wait to begin taking withdrawals, the higher your withdrawal rate under the benefit will be, and you can always take a little less to make your withdrawals last longer. So you get more flexibility for today and for tomorrow. With the Guaranteed Access Benefit you can: Receive guaranteed withdrawals for a defined period of time Lock in any market gains on a contract anniversary Get a higher withdrawal rate under the benefit if you defer withdrawals Take withdrawals when you need them 2 Get back at least what you put in Guarantees apply to certain insurance and annuity products, including optional benefits (not securities, variable or investment advisory products), and are subject to product terms, exclusions and limitations and the insurer s claims-paying ability and financial strength. 1 The Guaranteed Access Benefit is referred to as GWB v1 in the prospectus. 2 If you stay within the terms of the benefit, withdrawals will not adversely affect your future withdrawal benefits. Please see page 11 in this brochure for more details. Withdrawals of taxable amounts are subject to ordinary income tax and if made before age 59½, a 10% federal income tax penalty may apply. 1
What is a Variable Annuity? In simplest terms, a variable annuity is a long-term contract between you and an insurance company in which the insurance company makes periodic lifetime payments to you. A variable annuity contains investment options that have the potential to grow and insurance features that offer protection, such as living and death benefits. Although a variable annuity may be an appropriate choice for some people as part of an overall retirement portfolio, it is not suitable for everyone. You should speak to your financial professional to discuss whether a variable annuity is right for you. Please read the prospectus for complete details before investing. To provide the investment and insurance-related benefits, variable annuities contain certain fees, including contract fees, a mortality and expense and administration charge, and variable investment option charges and expenses. Optional living and death benefits carry additional charges and must be elected when the contract is issued. Like most investments, variable annuity contracts will fluctuate in value and may be impacted by market declines, even when an optional protection benefit is elected. Variable annuities are long-term investments. As a result, if you take withdrawals too soon, a withdrawal charge may apply. Withdrawals of taxable amounts are subject to ordinary income tax and a 10% federal income tax penalty may apply if made prior to age 59½. Withdrawals will also reduce the living and death benefits and account value. Please see the prospectus for complete details. VARIABLE ANNUITIES: Are one of the only investments you can buy that offer income for life, no matter how long you live. Offer investment options to help you diversify and grow your purchase payments on a tax-deferred basis. 1 This may help you keep pace with inflation. Offer a variety of optional living and death benefits that can help grow and protect immediate or future income and help provide for your loved ones, regardless of market conditions. Give you the flexibility to withdraw portions of your account value if you choose. You can use the money as an ongoing source of income or withdraw it periodically, as unexpected financial needs arise. 1 If you are buying a variable annuity to fund a qualified retirement plan or IRA, you should do so for the variable annuity s features and benefits other than tax deferral. In such cases, tax deferral is not an additional benefit of the variable annuity. References throughout this material to tax advantages, such as tax deferral and tax-free transfers, are subject to this consideration. Diversification does not ensure a profit or protect against a loss. 2
More consistent returns over time When you elect the Guaranteed Access Benefit, you must invest in one or more of the MetLife Protected Growth Strategy portfolios and/or the Pyramis Government Income Portfolio 2 or the Barclays Aggregate Bond Index Portfolio. You have the flexibility to allocate your purchase payments any way you d like among these available investment options. These days, investors may be looking for a better balance between growth potential and market protection. That s because today s markets are different. Because of this, MetLife believes the traditional approach to investing should be expanded to include more asset classes and a stronger focus on risk. MetLife Protected Growth Strategies SM are specially designed portfolios that are tailor-made for today s markets. The Protected Growth Strategies seek to give you more consistent returns over time by responsively managing market risk and identifying opportunities for growth across global asset classes. With the Protected Growth Strategies, you may consistently build assets over the longer term with more confidence. That s because these portfolios are: Professionally Managed. These portfolios add the expertise of leading asset management firms and access to investing techniques once available primarily to universities, endowments and other large institutions. Risk Managed. Seek to emphasize growth when markets are stable and protection when markets are risky by continuously monitoring key indicators of market risk and volatility. Responsively Managed. The portfolios seek opportunities for growth across global asset classes while seeking to anticipate risk and respond quickly to changing market conditions. A risk managed approach like Protected Growth Strategies seeks to give you more consistent returns over time. While you may not capture all the gains in an up market, this strategy is designed to help you avoid big losses in a down market. That s important, because you don t have to make up as much after a market downturn. 2 Pyramis is a registered service mark of FMR LLC. Used under license. 3
How the Guaranteed Access Benefit works Bridge the gap between what you have today and what you may need in the future The Guaranteed Access Benefit can help you enjoy your early retirement years with guaranteed withdrawals that last for a defined period of time. With options to take withdrawals when you need them and stretch your income by taking a little less, you have more flexibility to use other income sources to fill out your retirement income plan. The longer you wait to take income, the higher your withdrawal rate will be The Guaranteed Access Benefit gives you the flexibility to decide when and how much to take through withdrawals. You can start and stop withdrawals at any time, and the longer you wait to begin taking withdrawals the higher your withdrawal rate, or Annual Benefit Payment, will be. Your Annual Benefit Payment is the maximum amount you can withdraw each contract year under the benefit without potentially reducing your future benefits and is a percentage of your Total Guaranteed Withdrawal Amount (Total Guarantee). Your Total Guarantee is the total amount you re guaranteed to get back over time, through withdrawals. Once the Annual Benefit Payment withdrawal rate is set, it is locked in for the life of the contract. If you exceed your withdrawal rate in a given contract year, you may adversely affect your future withdrawal benefits. If withdrawals are taken Withdrawal rate Withdrawals guaranteed for at least Prior to the 5 th contract anniversary 5.00% 20 years On or after the 5 th contract anniversary but prior to the 10 th contract anniversary 6.00% 16.6 years On the 10 th contract anniversary or later 7.00% 14.2 years Participate in market growth with the ability to lock in gains You will lock in a higher Annual Benefit Payment with Automatic Annual Step-Ups. 1 If on a contract anniversary, through age 85, your account value exceeds your Total Guarantee, you will automatically lock in those gains. You ll never lose those gains, even if your account value drops later. Get back at least what you put in You re guaranteed to get back every dollar you invest, regardless of market performance. As long as you do not withdraw more than your Annual Benefit Payment in a given contract year, you can continue to take withdrawals until your Remaining Guaranteed Withdrawal Amount (Remaining Guarantee) is exhausted even if your account value drops to zero. The Remaining Guarantee is equal to your purchase payments increased for any Step-Ups and reduced by withdrawals. It is the remaining amount you or your beneficiary(ies) are guaranteed to receive over time. 1 Upon a Step-Up, the annual charge for the Guaranteed Access Benefit may increase, up to a maximum of 1.80% of the Total Guarantee. 4
Understanding important terms Account Value Total Guaranteed Withdrawal Amount (Total Guarantee) Remaining Guaranteed Withdrawal Amount (Remaining Guarantee) What it is The account value is the current value of your investment options less withdrawals and fees Your Total Guarantee is the minimum amount that you or your beneficiary(ies) are guaranteed to receive over time, provided withdrawals do not exceed the Annual Benefit Payment each year Your Remaining Guarantee is the remaining amount that you or your beneficiary(ies) are guaranteed to receive over time, provided withdrawals do not exceed the Annual Benefit Payment each year How it works Initially equals your purchase payments Rises or falls based on the performance of your investment options Reduced each time you take a withdrawal Will increase dollar-for-dollar with additional purchase payments made within the first 120 days of the contract. Subsequent purchase payments after 120 days are not permitted Is equal to your initial investment at contract issue The amount against which the annual charge is calculated Is not reduced by a withdrawal unless a withdrawal exceeds the Annual Benefit Payment Will increase dollar-for-dollar with additional purchase payments made within the first 120 days of the contract Initially equals your Total Guarantee, which is also equal to your initial investment Reduced by each withdrawal that is taken Will increase dollar-for-dollar with additional purchase payments made within the first 120 days of the contract If your investment options increase in value Your account value will rise if your investments perform well You will lock in market gains through an Automatic Step-Up if your account value exceeds your Total Guarantee on any contract anniversary through the contract anniversary prior to age 86 1 A Step-Up increases the Total Guarantee to equal your account value and increases the amount you or your beneficiary(ies) are guaranteed to receive over time You will lock in market gains through an Automatic Step-Up if your account value exceeds your Total Guarantee on any contract anniversary through the contract anniversary prior to age 86 1 If you receive an Automatic Step-Up, your Remaining Guarantee will be set equal to your Total Guarantee If your investment options decrease in value Your account value will decline if your investments perform poorly Your Total Guarantee will not decrease, even in down markets Your Remaining Guarantee will not decrease, even in down markets Annual Benefit Payment The Annual Benefit Payment is a percentage of the Total Guarantee and is the maximum amount you can withdraw each year without potentially reducing future benefits. The withdrawal rate is determined by the timing of when you take your first withdrawal. 5
The Guaranteed Access Benefit in action Meet Bill and Virginia Bill and Virginia, both age 60, are planning to retire in five years and want to continue to maintain their current standard of living throughout retirement. They will need income for a defined period of time once they retire until their other assets kick in to provide lifetime income. So, they need to bridge the gap between their income needs when they retire and when they can begin taking lifetime income from other sources. Bill and Virginia work with their financial professional and decide that a MetLife variable annuity with the optional Guaranteed Access Benefit rider will provide the income from withdrawals they are seeking. So they invest $100,000, a portion of their assets, and plan to wait to take withdrawals until year six (after the 5 th contract anniversary). A hypothetical example of the protection and growth potential this benefit provides Initial investment: $100,000 For two years, Bill and Virginia s Total Guarantee steps up to equal their higher account value. By year 3, their Total Guarantee has increased to $120,777. After their 5 th contract anniversary Bill and Virginia begin taking annual withdrawals of $7,247, which represents 6% of their Total Guarantee. $150k $120k $100k Step-Up Total Guarantee Account Value Annual Benefit Payment $80k $40k 5 th CONTRACT ANNIVERSARY Annual Benefit Payments begin $0 1 2 3 4 5 6 7 The hypothetical gross average annual rate of return for the entire period is 5.87% (2.32% net rate of return). The rate of return is a steady rate of return for the contract year. The account value is reduced by an M&E and Administration Charge of 1.30% (range is 1.15% 1.80%, depending on the product chosen), a hypothetical weighted average for investment option expenses of 1.04% and the 0.90% Guaranteed Access Benefit fee, which is deducted at the beginning of each contract year starting on the first contract anniversary. The Annual Benefit Payments in this illustration are taken on a yearly basis and equal 6% of the Total Guarantee (first withdrawal taken on or after the 5 th contract anniversary and prior to the 10 th contract anniversary) for the contract year. Withdrawal charges may range from 7% to 2% (depending on the product chosen) and would apply if withdrawals exceed the contract s annual free withdrawal amount. The effects of income taxes have not been reflected in this illustration. Withdrawals from non-qualified contracts will be subject to ordinary income tax to the extent that the account value immediately before the withdrawal exceeds the total amount paid into the contract. A withdrawal in excess of this amount will constitute a nontaxable return of principal. If the taxpayer has not attained age 59½ at the time of the distribution, the portion of the withdrawal that is subject to income tax may also be subject to a 10% federal income tax penalty. 6
After 7 years of taking withdrawals Bill and Virginia can continue taking up to their Annual Benefit Payment each year. Their withdrawals are guaranteed to last for over 9 more years, and they would receive a total of $120,777 over time, even if their account value drops to zero. Taking immediate withdrawals If Bill and Virginia decided to take immediate withdrawals instead of waiting to take income, they could receive 5% of their Total Guarantee, or $5,000 per year. They would be guaranteed to get back at least every dollar they invested and could possibly benefit from Step-Ups if their account value exceeds their Total Guarantee on a contract anniversary. 8 9 10 11 12 CONTRACT YEAR 7
Let s look at the numbers behind Bill and Virgina s scenario The table below corresponds to the graph on the previous pages. Hypothetical Examples. For Illustrative Purposes Only. These illustrations are intended to show how the performance of the underlying investment options could affect the annuity s account value and optional Guaranteed Access Benefit, do not represent actual returns and are not intended to predict or project investment results. Year Age Gross Annual Return Account Value Total Guarantee Annual Benefit Payment Remaining Guarantee Inception 60 $100,000 $100,000 $100,000 1 60-61 16.43% $112,838 $112,838 * - $112,838 * 2 61-62 10.49% $120,777 $120,777 * - $120,777 * 3 62-63 -6.65% $109,050 $120,777 - $120,777 4 63-64 -2.89% $102,362 $120,777 - $120,777 5 64-65 2.50% $101,407 $120,777 - $120,777 6 65-66 17.33% $106,837 $120,777 $7,247 $113,530 7 66-67 12.08% $107,954 $120,777 $7,247 $106,283 8 67-68 7.55% $104,719 $120,777 $7,247 $99,036 9 68-69 7.10% $100,892 $120,777 $7,247 $91,789 10 69-70 8.04% $97,748 $120,777 $7,247 $84,542 11 70-71 -9.04% $79,328 $120,777 $7,247 $77,295 12 71-72 11.37% $77,334 $120,777 $7,247 $70,048 For two years, Bill and Virginia s Total Guarantee and Remaining Guarantee step up to equal their higher account value. 5 th Contract Anniversary After their 5 th contract anniversary, Bill and Virginia begin taking withdrawals. Their Total Guarantee stays the same. Only their Remaining Guarantee decreases dollar-for-dollar by the withdrawal amount. After year 12, Bill and Virginia can continue to take up to their Annual Benefit Payment each year until they have received $70,048, which means they would receive a total of $120,777 over time. * Assumes an Automatic Step-Up without any fee increase because the account value exceeds the current year s Total Guarantee. Guaranteed Access Benefit fees are deducted from the account value on each contract anniversary. 8
In the previous example, the average gross annual return over the 12 year time period equals 5.87%. Below, you can see what Bill and Virginia s scenario would look like if they received that same 5.87% return each year. Year Age Constant 5.87% Gross Annual Return Account Value Total Guarantee Annual Benefit Payment Remaining Guarantee Inception 60 $100,000 $100,000 $100,000 1 60-61 5.87% $102,517 $102,517 * - $102,517 * 2 61-62 5.87% $105,097 $105,097 * - $105,097 * 3 62-63 5.87% $107,742 $107,742 * - $107,742 * 4 63-64 5.87% $110,454 $110,454 * - $110,454 * 5 64-65 5.87% $113,234 $113,234 * - $113,234 * 6 65-66 5.87% $109,058 $113,234 $6,794 $106,440 7 66-67 5.87% $104,739 $113,234 $6,794 $99,646 8 67-68 5.87% $100,272 $113,234 $6,794 $92,852 9 68-69 5.87% $95,653 $113,234 $6,794 $86,058 10 69-70 5.87% $90,876 $113,234 $6,794 $79,264 11 70-71 5.87% $85,936 $113,234 $6,794 $72,470 12 71-72 5.87% $80,827 $113,234 $6,794 $65,676 For five years, Bill and Virginia s Total Guarantee and Remaining Guarantee step up to equal their higher account value. 5 th Contract Anniversary After year 12, Bill and Virginia can continue to take up to their Annual Benefit Payment each year until they have received $65,676, which means they would receive a total of $113,234 over time. The hypothetical gross average annual rate of return for the entire period is 5.87% (2.33% net rate of return). The rate of return is a steady rate of return for the contract year. The account value is reduced by an M&E and Administration Charge of 1.30% (range is 1.15% 1.80%, depending on the product chosen), a hypothetical weighted average for investment option expenses of 1.04% and the 0.90% Guaranteed Access Benefit fee, which is deducted at the beginning of each contract year starting on the first contract anniversary. The Annual Benefit Payments in this illustration are taken on a yearly basis and equal 6% of the Total Guarantee (first withdrawal taken on or after the 5 th contract anniversary and prior to the 10 th contract anniversary) for the contract year. Withdrawal charges may range from 7% to 2% (depending on the product chosen) and would apply if withdrawals exceed the contract s annual free withdrawal amount. The effects of income taxes have not been reflected in this illustration. Withdrawals from non-qualified contracts will be subject to ordinary income tax to the extent that the account value immediately before the withdrawal exceeds the total amount paid into the contract. A withdrawal in excess of this amount will constitute a nontaxable return of principal. If the taxpayer has not attained age 59½ at the time of the distribution, the portion of the withdrawal that is subject to income tax may also be subject to a 10% federal income tax penalty. 9
Let s see the same scenario if the market was flat We ve also included numbers that reflect the same scenario with a gross annual return of 0% each year. Even in a flat or down market, Bill and Virginia are guaranteed to get back every dollar they invested through withdrawals. They can continue to take withdrawals up to their Annual Benefit Payment each year until their Remaining Guarantee is exhausted. Year Age Constant 0% Gross Annual Return Account Value Total Guarantee Annual Benefit Payment Remaining Guarantee Inception 60 $100,000 $100,000 $100,000 1 60-61 0.00% $96,787 $100,000 - $100,000 2 61-62 0.00% $93,648 $100,000 - $100,000 3 62-63 0.00% $90,582 $100,000 - $100,000 4 63-64 0.00% $87,587 $100,000 - $100,000 5 64-65 0.00% $84,662 $100,000 - $100,000 6 65-66 0.00% $75,942 $100,000 $6,000 $94,000 7 66-67 0.00% $67,425 $100,000 $6,000 $88,000 8 67-68 0.00% $59,104 $100,000 $6,000 $82,000 9 68-69 0.00% $50,976 $100,000 $6,000 $76,000 10 69-70 0.00% $43,035 $100,000 $6,000 $70,000 11 70-71 0.00% $35,279 $100,000 $6,000 $64,000 12 71-72 0.00% $27,702 $100,000 $6,000 $58,000 5 th Contract Anniversary After year 12, Bill and Virginia can continue taking up to their Annual Benefit Payment each year until they have received their Remaining Guarantee of $58,000. Even in a flat or down market, they are guaranteed to receive back every dollar they invested. The hypothetical gross average annual rate of return for the entire period is 0.00% (-3.45% net rate of return). The rate of return is a steady rate of return for the contract year. The account value is reduced by an M&E and Administration Charge of 1.30% (range is 1.15% - 1.80%, depending on the product chosen), a hypothetical weighted average for investment option expenses of 1.04% and the 0.90% Guaranteed Access Benefit fee, which is deducted at the beginning of each contract year starting on the first contract anniversary. The Annual Benefit Payments in this illustration are taken on a yearly basis and equal 6% of the Total Guarantee (first withdrawal taken on or after the 5 th contract anniversary and prior to the 10 th contract anniversary) for the contract year. Withdrawal charges may range from 7% to 2% (depending on the product chosen) and would apply if withdrawals exceed the contract s annual free withdrawal amount. The effects of income taxes have not been reflected in this illustration. Withdrawals from non-qualified contracts will be subject to ordinary income tax to the extent that the account value immediately before the withdrawal exceeds the total amount paid into the contract. A withdrawal in excess of this amount will constitute a nontaxable return of principal. If the taxpayer has not attained age 59½ at the time of the distribution, the portion of the withdrawal that is subject to income tax may also be subject to a 10% federal income tax penalty. 10
More reasons to choose the Guaranteed Access Benefit Withdrawal flexibility If you take less than your Annual Benefit Payment: You may take withdrawals for a longer span of time. If you need to take Required Minimum Distributions (RMDs): Each year, you can take withdrawals of up to the greater of your Annual Benefit Payment or this year s or last year s RMD relating to this annuity only. We recommend you enroll in the MetLife Automatic Required Minimum Distribution program to make taking RMDs easier. If you take more than your Annual Benefit Payment: You may significantly reduce your future benefits and the guarantee. Specifically, your Total Guarantee will be reduced by the amount of the withdrawal, in the same proportion that the entire withdrawal reduced the account value and this also means your Annual Benefit Payment, as a percentage of your Total Guarantee, will decrease. Your Remaining Guarantee will be reduced proportionately as well, so the amount you or your beneficiary(ies) are guaranteed to receive over time will be reduced. Protect your loved ones If you pass away before receiving all of your Remaining Guarantee, your spouse, as sole primary beneficiary (must be age 80, or younger), can continue the contract and all the benefits of the Guaranteed Access Benefit, including withdrawals and Step-Ups. If the withdrawal rate is determined prior to death, the same withdrawal rate will apply for the surviving spouse upon continuation. As an alternative to the contractual death benefit, your beneficiary(ies) may elect to receive the Remaining Guarantee as a death benefit. If elected, the Remaining Guarantee will be paid on a monthly basis until exhausted. The death benefit is only available if you pass away before starting to take income payments through annuitization of the contract. Payment Enhancement Feature Beginning in the fourth contract year, the Guaranteed Access Benefit Payment Enhancement Feature can provide you with greater access to your assets. If you are confined to a nursing home, your withdrawal rate can be increased each contract year by up to 150% until the next contract anniversary. Increased withdrawals will be deducted from your Remaining Guarantee on a dollar-for-dollar basis. The Payment Enhancement Feature is only available if you are age 75 or younger at contract issue and if your first increase is before the contract anniversary prior to your 81 st birthday. 1 Guaranteed Principal Adjustment If, on or after your 15 th or a later contract anniversary, your account value has dropped, you have a one-time option to bring your account value back to its original amount (namely, purchase payments made within the first 120 days of contract issue) adjusted proportionally for withdrawals. Electing the Guaranteed Principal Adjustment will cancel the Guaranteed Access Benefit rider and you ll no longer pay the rider fee. 1 Other conditions apply; not available in all states. Please see prospectus for details. 11
What more do I need to know? Guaranteed Access Benefit at a glance Annual Withdrawals Up to your Annual Benefit Payment or RMD, if applicable Step-Ups Automatic on each contract anniversary if the account value exceeds the Total Guarantee, through age 85 Return of Principal Option Yes Subsequent Purchase Payments Additional purchase payments made within the first 120 days after issue of the contract will increase the account value, Total Guarantee and Remaining Guarantee dollar-for-dollar. Subsequent purchase payments following the first 120 days are not permitted. Issue Age Must be age 80 or younger at time of purchase Annual Charge Additional annual charge of 0.90% of the Total Guarantee, deducted from the account value and assessed on the contract anniversary date. Upon a Step-Up, fee may increase, up to a maximum of 1.80%. Rider Cancellation Can be cancelled during 30 day window after 5 th, 10 th, 15 th or a later contract anniversary. The Guaranteed Principal Adjustment feature applies if the rider is cancelled on or after the 15 th or later contract anniversary. Cancelled on any change of ownership or assignment. Some exceptions apply. 12
Build your bridge The Guaranteed Access Benefit can help you enjoy your early retirement years by providing a source of guaranteed income for a defined period of time, which can help you plan for the future. Plus, the ability to lock in market gains provides you with growth potential for your withdrawals. With options to take withdrawals when you need them and stretch your income by taking a little less, you have more flexibility to use other income sources to fill out your retirement income plan. For more information, please contact your financial professional today.
Investment Performance Is Not Guaranteed. This material must be preceded or accompanied by a prospectus for the variable annuities issued by a MetLife insurance company. Prospectuses for the investment portfolios are available from your financial professional. The contract prospectus contains information about the contract s features, risks, charges and expenses. Investors should consider the investment objectives, risks, charges and expenses of the investment company carefully before investing. The investment objectives, risks and policies of the investment options, as well as other information about the investment options, are described in their respective prospectuses. Please read the prospectuses and consider this information carefully before investing. Product availability and features may vary by state. Please refer to the contract prospectus for more complete details regarding the living and death benefits. Variable annuities are long-term investments designed for retirement purposes. MetLife variable annuities have limitations, exclusions, charges, termination provisions and terms for keeping it in force. There is no guarantee that any of the variable investment options in this product will meet their stated goals or objectives. The account value is subject to market fluctuations and investment risk so that, when withdrawn, it may be worth more or less than its original value. All contract and rider guarantees, including optional benefits and any fixed account crediting rates or annuity payout rates, are backed by the claimspaying ability and financial strength of the issuing insurance company. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability and financial strength of the issuing insurance company. Similarly, the issuing insurance company and the underwriter do not back the financial strength of the broker/dealer or its affiliates. Please contact your financial professional for complete details. Withdrawals of taxable amounts are subject to ordinary income tax and if made before age 59½, may be subject to a 10% federal income tax penalty. Some brokers/dealers and financial professionals may refer to the 10% federal income tax penalty as an additional tax or additional income tax, or use the terms interchangeably when discussing withdrawals taken prior to age 59½. Distributions of taxable amounts from a non-qualified annuity may also be subject to the 3.8% Unearned Income Medicare Contribution tax that is generally imposed on interest, dividends, and annuity income if your modified adjusted gross income exceeds the applicable threshold amount. Withdrawals will reduce the living and death benefits and account value. Withdrawals may be subject to withdrawal charges. 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 or other financial products and services. Clients should seek advice based on their particular circumstances from an independent tax advisor since 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. Clients should confer with their qualified legal, tax and accounting advisors as appropriate. Variable annuities are issued by MetLife Insurance Company USA, Charlotte, NC 28277 or First MetLife Investors Insurance Company, New York, NY 10166, and are distributed by MetLife Investors Distribution Company (member FINRA); all are MetLife companies. Not A Deposit Not FDIC-Insured Not Insured By Any Federal Government Agency Not Guaranteed By Any Bank Or Credit Union May Go Down in Value MetLife Insurance Company USA 11225 North Community House Road Charlotte, NC 28277 First MetLife Investors Insurance Company 200 Park Avenue New York, NY 10166 1605-537335 CS CLVA8734-3 2016 METLIFE, INC. L0516467494[exp1016]