Lifetime Income
Help employees make their retirement savings last by offering them a guaranteed lifetime income option as part of their defined contribution plan.1
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. Today, many of those within five years of retirement (62%) believe they have underestimated the amount of money they need to save for retirement.2 Our research one in five retirees who took a lump sum from their DC plan had depleted it in an average of 4 ½ years.3
The Value of Income Annuities
92%
of pre-retirees feel it is valuable to have a guaranteed monthly annuity “paycheck” to cover their bills.3
3x more likely
Lump sum retirees now say they wish they had taken their DC savings as annuity payments.3
9 in 10
of retirees who chose an annuity at retirement believe they’re better off financially than if they had chosen a lump sum.3
4 ½ years
The average amount of time one in five retirees who took a lump sum distribution depleted it.3
Lifetime Income Solutions for your Defined Contribution Plan
Empower your employees to retire with confidence through immediate and deferred guaranteed income solutions from a proven market leader. MetLife continuously innovates institutional income annuities to meet evolving retirement needs by adding flexibility and, most recently, a cancellation feature on our immediate annuity. Our fixed income annuity solutions allow plan participants to convert all or a portion of their savings into a reliable monthly paycheck for retirement—guaranteed for life unless the cancellation option is exercised.4
Featured Insights
For our latest MetLife Paycheck or Pot of Gold Study, MetLife commissioned a survey of 2,022 pre-retirees and retirees about the decision to take a lump sum or an annuity from their defined contribution plan.
Our Advantage
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 help ensure smooth implementation and provide ongoing program support.
- Employee educational program to help employees understand the offerings.
Expertise
- MetLife serves more than 90 of the FORTUNE 100® companies.5
- Extensive experience providing institutional income annuities.
Meet The Team
When you partner with MetLife, you are choosing a leader with over 50 years of experience in the institutional income annuities business. Trusted by consultants, recordkeepers, and plan sponsors to help plan participants navigate success retirement outcomes.