Lifetime Income Solutions

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

Explore Our Solutions

Income Now

MetLife Guaranteed Income Program (MGIP)

Here are the products
Learn More

Income Later

MetLife Retirement Income Insurance® QLAC (Qualifying Longevity Annuity Contract)

Here are the products
Learn More

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?

Simple

Seamless plan integration for easy implementation.

Requires no expensive or timely build.

Institutional pricing at no additional cost to you.

 

Supportive

Dedicated client managers ensure smooth implementation and provide ongoing program support.

Award-winning employee educational program to help employees understand how the product works. 

 

Expertise

MetLife serves more than 90 of the FORTUNE 100® companies.3

Extensive experience providing institutional income annuities.

Research

2023 Retirement Income Pulse Check

For our MetLife Retirement Income Pulse Check, MetLife commissioned a survey of 74 defined contribution (DC) plan consultants to examine their views about income annuities and other income solutions in the DC marketplace.

Learn More

Highlights That Matter

View the latest featured content from our Income Matters eNewsletter.

Learn More

Meet the Team

Meet the Lifetime Income team and get in touch with us.

Related Insights

See All

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

2 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.

3 Fortune 100® is a registered trademark of Fortune® magazine, a division of Time Warner, Inc.

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. 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.

Metropolitan Life Insurance Company (MLIC), 200 Park Ave. NY, NY 10166

Metropolitan Tower Life Insurance Company (MTL), 5601 South 59th St., Lincoln, NE 68516