LIFE Universal Legacy Advantage Survivorship Universal Life SM protect preserve and transfer wealth
Life. your way SM Strive to live your dream and plan for the if in life. Discover the flexibility of life insurance protect, accumulate and transfer wealth now and in the future. Be free to live life, your way.
which type of life insurance is right for you? Your financial representative can help you make the best decisions about your life insurance portfolio and what policy or policies may best suit your particular circumstances. Being able to protect your loved ones, even after your death, is one reason so many people turn to life insurance. The comfort this assurance gives can be immeasurable. If you re like most people, you probably feel you have a responsibility to protect those who depend on you. Even so, many Americans recognize that they don t have enough life insurance in place for their families. As a result, many people make the passive decision to do nothing leaving their families financial futures at risk. Life Insurance provides a death benefit that can be used to help: Preserve a legacy Provide assistance to a child with special needs Cover estate and other taxes Leave a lasting benefit to charity Help transition a business If you re unsure about how to make the best financial decisions for your family, MetLife can help. MetLife has developed an innovative process that can help you focus on your life s most important financial objectives. Your financial representative can walk you through the MetLife Life Insurance Selector SM a brief questionnaire that will help you decide the most appropriate life insurance policies for your situation. 1
Legacy Advantage Survivorship Universal Life You ve worked hard to build a legacy. Now that you ve achieved many of your financial goals, consider how your assets will be transferred to your loved ones. Guaranteed coverage, including lifetime guarantees. Under current federal tax law, in 2011 there is a marital deduction that allows a spouse to leave their entire estate to the other spouse exempt from estate taxes. However, the estate tax must be paid at the time of the second death. Survivorship Universal Life (SUL) insurance is an effective way to cover the cost of these taxes. Legacy Advantage SUL, sometimes called second-todie insurance, is one way to preserve your wealth in a tax-advantaged manner for your beneficiaries. It can provide a cost-effective funding vehicle for your estate and legacy planning needs. Legacy Advantage SUL insures two lives in one policy, with death benefits payable after the second death. 1 At the second death, the policy s death benefit will pass directly to named beneficiaries and be used to help pay those estate taxes or to increase the overall amount of your legacy. MetLife has designed Legacy Advantage SUL with your needs in mind, to deliver flexible coverage at an affordable cost. 2 Using the Joint Coverage Continuation Rider (JCCR) can provide guaranteed coverage for life regardless of policy performance. Flexibility. You can adjust the policy premium or death benefit as your needs and circumstances change. 2 The JCCR also offers great flexibility in both premium payment and length of the guarantees. You can pay the level premium required for guaranteed lifetime coverage or you can choose to pay lower premiums and still enjoy a long-term guarantee of any length you choose. 3 To meet your personal financial needs and preferences, you can also choose to pay for a limited number of years and still guarantee a lifetime of coverage, regardless of how long you live. 4 Many other riders are also available to help customize the policy to fit your specific needs. 1 This product is available for non-married people and domestic partnerships. 2 Within limits and with evidence of insurability. 3 Changing the JCCR premium will result in a change in your guarantee duration. 4 Cost of the JCCR will fluctuate greatly depending on premium duration.
Legacy Advantage SUL may be right for you. IF two people have very different medical outlooks IF you are looking for affordable protection IF you would like to preserve your legacy for your beneficiaries IF you have a desire to conserve your interests by enhanced gifts to charities IF you have a child or other dependents with special needs IF you would like to prepare your estate to pay for any applicable federal and state income taxes, estate taxes and other tax liabilities IF you are looking for long-term insurance that will last a lifetime 3
Optional Benefits 5 Your life is constantly changing and your insurance needs will fluctuate over time. That s why Legacy Advantage SUL offers several riders to enhance your options and ensure that your coverage stays consistent with your needs. IF you re protecting your family or business The Joint Coverage Continuation Rider (JCCR) 6 provides for guaranteed coverage. The length of the guarantee can be for any duration, including lifetime, subject to rider conditions and limitations. Guaranteed Survivor Income Benefit (GSIB) allows beneficiaries the option to receive death benefit proceeds in the form of guaranteed monthly income in lieu of or in combination with a lump sum payment. Policy Split Option (PSO) is automatically included on your policy (unless one insured is rated uninsurable). In the event of certain changes in tax law or the insureds marital status, the policy cash value, face amount and any loans are equally divided and a single life policy is issued on each insured (subject to certain guidelines). All riders on the new single life policies will require underwriting. 4
The Estate Preservation Term Rider (EPTR) provides non-convertible level four-year term coverage on the base insureds, with the benefit payable at the death of the second insured. This rider is not available if one insured is rated uninsurable. Scheduled Face Increase Option (SFIO) automatically increases the base policy face amount for the earlier of the first 10 policy anniversaries or the anniversary following the older insured s attained age of 85. The amount of the increase is defined at the time of application for the rider, as specified by benefit amount limits. Return of Premium Rider (RPR) increases the policy death benefit by the amount of any premiums paid, plus a stated interest rate (if requested), up to a predetermined dollar amount limit. This rider is available only on Premium Financing and Split Dollar cases. Modified Surrender Rider (MSR) waives the policy surrender charges on policies that are fully surrendered during the first five years of the policy, with some exceptions.7 This rider is available only on policies issued with Premium Financing or under certain large premium corporate plans of deferred compensation. IF you get sick, hurt or require special care Waiver of Specified Premium (WSP) credits a specified amount of monthly benefit as premium to the policy should you become disabled prior to age 65. 8 This rider is available on one or both lives, subject to insurability. 5 Availability of riders may be limited or subject to satisfying certain conditions. All riders may not be available in conjunction with other riders. Not all riders are available in all states. Additional riders may be made available from time to time. Your financial representative can review with you the available riders. There may be an additional charge for optional riders. 6 Joint Coverage Continuation Rider additional information: Loans and partial surrenders may cause this rider to terminate. Additionally, paying only the premium required to keep this rider in force may result in a significantly lower cash accumulation value and may reduce the amount available for policy loans and partial surrenders. If the rider terminates, premium payments significantly larger than the amounts required while the rider was in force may be needed to prevent the policy from lapsing. 7 Surrender charges associated with any increases or decreases in policy face amount or partial cash withdrawals are not waived. 8 This rider is not guaranteed to keep your coverage in force. MetLife can help you leave the legacy you envision. The design and flexibility of Legacy Advantage SUL from MetLife gives you guaranteed protection and a legacy for your loved ones. Ask your FINANCIAL REPRESENTATIVE for more details on how Legacy Advantage SUL fits into your wealth-transfer scenario. 5
The policy s five-year no-lapse guarantee remains in force provided required premiums are paid and values are not taken out of the policy. If the guarantee terminates, the policy will stay in force for as long as its cash value is sufficient to pay for the policy s benefits. Paying additional premiums will increase the policy s cash value. The optional Joint Coverage Continuation Rider (JCCR) guarantees that the policy will remain in force even if the policy s cash surrender value is insufficient to pay monthly policy deductions, subject to certain conditions and limitations. If neither the five-year no-lapse monthly guarantee nor the JCCR are in effect, then the policy will not lapse as long as net cash surrender value is sufficient to pay the monthly deductions when due. This document is designed to provide introductory information on the subject matter. MetLife does not provide tax and legal advice. You should consult your attorney and/or tax advisor before making financial investment or planning decisions. 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. You should seek advice based on your 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. You should consult with and rely on your own independent legal and tax advisors regarding your particular set of facts and circumstances. Life insurance is medically underwritten. You should not cancel your current coverage until your new coverage is in force. Surrender charges may be due on an exchange of one contract for another. A change in policy may require a medical examination. Surrenders may be taxable. You should consult your own tax advisors regarding tax liability on surrenders. Legacy Advantage Survivorship Universal Life is issued by MetLife Investors USA Insurance Company, 5 Park Plaza, Suite 1900, Irvine, CA 92614 on Policy Form Series 5E-32-05 and in New York, only by Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166 on Policy Form Series 1E-32-05. MetLife Investors USA Insurance Company (MetLife Investors) and Metropolitan Life Insurance Company are wholly owned subsidiaries of MetLife, Inc. All guarantees are based on the claims-paying ability and financial strength of the issuing insurance company. May 2011 Life Insurance Products: 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 Investors USA Insurance Company 5 Park Plaza, Suite 1900 Irvine, CA 92614 Metropolitan Life Insurance Company 200 Park Avenue New York, NY 10166 metlife.com 1105-1763 CLUL21792 L0511181645[0612] 2011 METLIFE, INC 2011 Peanuts Worldwide FPO