MetLife Introduces Shield Level Selector 3-Year
CHARLOTTE, N.C., Jan. 5, 2016 – MetLife, Inc. (NYSE: MET) today announced the launch of MetLife Shield Level SelectorSM 3-Year, a single premium deferred annuity. The new offering complements MetLife Shield Level SelectorSM, which launched in 2013. Both allow clients to benefit from potential market growth while helping protect assets from market decline.
Clients can now choose between the three-year withdrawal charge schedule offered by Shield Level Selector 3-Year and the six-year withdrawal charge schedule offered by Shield Level Selector, allowing them greater flexibility to select the timeframe that best meets their personal investment needs.
“People approaching retirement age often grapple with a central question—does the potential for market growth outweigh the risk of market losses when it comes to retirement savings?” said Elizabeth Forget, executive vice president of MetLife Retail Retirement & Wealth Solutions. “With our Shield offerings, we’ve created solutions that give clients the potential for market gains coupled with downside protection. Our new 3-Year design offers additional flexibility, allowing clients who may have a shorter investment timeline access to the unique features of Shield.”
Shield Level Selector 3-Year and Shield Level Selector offer a number of benefits to clients including:
- Clients can customize the level of downside protection for their product investment, with options ranging from 10 percent to 100 percent.
- Clients can choose from several different index-linked investment options.
- By electing either Shield Level Selector 3-Year or Shield Level Selector, clients can tailor their investment to align with their individual retirement strategy timeline.
“We heard feedback from advisors that their clients are seeking not only the opportunity for market growth with downside protection, but also the flexibility to adapt to changing conditions,” said Forget. “With Shield Level Selector 3-Year, advisors now have access to an additional tool to develop customized solutions for their clients.”
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
Hub International Acquires the Assets of Mississippi-Based Gathings Insurance Services, LLC
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News