Lasting Retirement Income
The ongoing shift from defined benefit (DB) pensions plans to defined contribution (DC) plans requires employees to take on more of the responsibility to ensure their savings last throughout retirement, regardless of market conditions. Help your employees make their retirement savings last by offering them a fixed “paycheck” for life with a guaranteed lifetime income option.
Today’s workers are concerned about outliving their retirement savings—and rightfully so. Our research shows one of three retirees who took a lump sum from their defined contribution (DC) plan had depleted it in an average of five years.1
are concerned about outliving their retirement savings.2
the average amount of time one in three retirees who took a lump sum distribution depleted their lump sum1
feel it is valuable to have a guaranteed monthly annuity “paycheck” to cover their bills.1
who chose an income annuity at retirement believe they are better off financially receiving payments than if they had chosen a lump sum.1
Empower your employees to confidently retire knowing they will never outlive their savings with guaranteed income solutions designed to enhance your DC retirement plan. Fixed income annuities—both immediate and deferred options—can be used to convert a portion of your employees’ savings into a fixed monthly paycheck, guaranteed in their retirement years.
Guaranteed income solutions are tools that help employees confidently retire.3
Partial distributions allow remaining assets to stay in the plan, providing liquidity to complement guaranteed income needs.
Designed as a voluntary offering at no cost to you, with the benefit of institutional pricing for participants.
Award-winning employee educational program and access to superior customer service.
Over 45 years of experience in the institutional income annuity industry.
Financial ratings are among the highest in the industry.4
Meet the Lifetime Income team and get in touch with us.
1 MetLife’s 2022 Paycheck or Pot of Gold Study.
2 MetLife’s 20th annual U.S. Employee Benefit Trends Study.
3 All guarantees are based on the claims-paying ability and financial strength of the issuing MetLife company.
4 For current ratings information and a more complete analysis of the financial strength of Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company, please go to www.metlife.com and click on “About Us,” “Company Ratings.” Or visit https://www.metlife.com/about-us/corporate-profile/ratings/
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.
Any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation. Metropolitan Tower Life Insurance Company, 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. Metropolitan Tower Life Insurance Company annuity products may not be available in all states. Contact your Metropolitan Tower Life Insurance Company 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
