Financial Freedom Account (FFA) Product Site

Financial Freedom Account is a tax sheltered variable annuity1,2 issued by Metropolitan Life Insurance Company (“MetLife”) to provide a retirement savings vehicle for employees of public schools, colleges and universities, nonprofit hospitals and nonprofit organizations under IRC §501(c)(3). Financial Freedom Account variable annuity is designed to help individuals accumulate assets for retirement. It can also provide a stream of income throughout their retirement years.

What is a variable annuity?

A variable annuity is a long-term retirement savings vehicle where returns are based on the performance of investments such as stocks and bonds held by the underlying portfolios. The money you earn and the payments you receive depend on how well these investments perform, and you take on the investment risk. 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. Please read the prospectus thoroughly and completely before investing.

A variable annuity offers the following advantages:

Tax-deferral

Individuals generally do not pay federal income tax on tax qualified plan contributions and earnings until amounts are distributed. Some plans permit Roth after-tax contributions that, subject to restrictions, allow earnings to be distributed free of federal income tax.1,3

Periodic payments

Individuals can elect to receive periodic income payments that continue for their lifetime (and the lifetime of their spouses).3

Range of underlying funding options

The underlying funding options available in a variable annuity typically invest in stocks, bonds, money market instruments or some combination of the three.4

Death benefit

Death benefit protection for beneficiaries — assuming income has not started, the standard death benefit is the greatest of:

  •  Account balance;
  • Total purchase payments less withdrawals (including any applicable withdrawal charges);
  • Highest account balance on 12/31 following the end of any fifth certificate anniversary less withdrawals, fees and charges since that 12/31 date.

In each case, the amount is reduced by outstanding loans, where loans are permitted by plan.

FFA Facts at a Glance

Funding Options

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FFA Performance

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Automated Investment Strategies



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  • Asset Allocation Portfolios
  • “Fund-of-Funds”
  • Index Portfolios 
  • Fixed Interest Account
  • Portfolios that invest in Exchange Traded Funds (ETFs)

Note: Monies allocated to the investment divisions are not guaranteed and bear the risk of loss