Lifetime Income
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Navigating Successful Retirement Outcomes
The ongoing shift from defined benefit (DB) pension 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. Naturally, today's workers (64%) are concerned about outliving their retirement savings.2 Our research shows one of three retirees who took a lump sum from their DC plan had depleted it in an average of five years.1
9 in 10
retirees and pre-retirees feel it is valuable to have a guaranteed monthly annuity “paycheck” to cover their bills.1
82%
of pre-retirees would pick the annuity over the lump sum if they had to choose.1
96%
of retirees who chose an annuity at retirement believe they’re better off financially than if they had chosen a lump sum.1
5 Years
The average amount of time one in three retirees who took a lump sum distribution depleted it.1
Lifetime Income Solutions for your Defined Contribution Plan
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.
Featured Insights
MetLife shares insights about how employers are helping protect their workers from longevity risk to ensure their retirement savings lasts.
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Benefits of MetLife Lifetime Income Options:
Guaranteed
Guaranteed income solutions are tools that help employees confidently retire.3
Flexible
Partial distributions allow remaining assets to stay in the plan, providing liquidity to complement guaranteed income needs.
Simple
Designed as a voluntary offering at no cost to you, with the benefit of institutional pricing for participants.
Supportive
Award-winning employee educational program and access to superior customer service.
Expertise
Over 45 years of experience in the institutional income annuity industry.
Trustworthy
Financial ratings are among the highest in the industry.4
Meet The Team
When you partner with MetLife, you are choosing a leader with over 45 years of experience in the institutional income annuities business. Trusted by consultants, recordkeepers, and plan sponsors to help plan participants navigate success retirement outcomes.
1 MetLife’s 2022 Paycheck or Pot of Gold Study.
2 MetLife’s 22nd annual U.S. Employee Benefit Trends Study, 2024.
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. 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.