MetLife Growth and Guaranteed IncomeSM

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Prepare for today and tomorrow

Bring income security and growth potential to your retirement1 assets with MetLife Growth and Guaranteed IncomeSM (MGGI), a tax-deferred variable annuity with a guaranteed minimum withdrawal benefit (GMWB). If you are near or in retirement, MGGI may be right for you. It can help you retire with confidence by offering guaranteed lifetime income,1 growth potential, and access to your assets.2

Overview

Product Details

Tools

Investments

Keep in mind, excess withdrawals and any withdrawals prior to the youngest annuitant's age 59½ may significantly reduce the guaranteed withdrawal1 benefit amount and may be subject to a 2% surrender fee.2

Key Benefits of MGGI

  • Confidence: One of the biggest retirement dilemmas you'll face is figuring out how to cover all of your bases. You'll need to secure an income stream, while investing for growth potential to help keep pace with inflation and protecting your income from market downturns. MGGI's innovative combination of benefits allows you to help address all of those needs at once.
  • Striking a balance: This annuity combines the strength of two industry leaders – with an income guarantee backed by MetLife1 and the money management expertise of Fidelity.
  • Guaranteed income for life: When the market is down, you'll have peace of mind knowing your income payments will never go down due to poor market conditions. And, on your contract anniversary (until the oldest annuitant reaches 85)3, if the market is up and your account value reaches a new high point, you'll automatically have the opportunity to receive higher income payments. Once up, your income payments will not go down due to market performance.
  • Growth potential: With the Fidelity® VIP FundsManager® 60% Portfolio you get a single all-in-one investment solution that's actively managed by Fidelity. Fidelity® VIP FundsManager® 60% Portfolio invests in mutual funds and maintains an approximate target asset allocation mix of 60% equity, 35% fixed income, and 5% money market portfolios.4
  • Flexibility: Because your situation can change, you have the flexibility to access your assets as you may need them3. You also have the flexibility to take withdrawals immediately, or wait to give your portfolio more opportunity to grow. However, taking excess withdrawals2 or withdrawals prior to age 59½ will reduce your guaranteed income payments and if taken in the first 5 years may be subject to a surrender fee.

Compare with other annuities

Before investing, consider the investment objectives, risks, charges, and expenses of the annuity and its investment options. Call or write to Fidelity or visit Fidelity.com for a free prospectus containing this information. Please read the prospectus and consider this information carefully before investing. Product availability and features may vary by state. Please refer to the contract prospectus for more complete details regarding the living and death benefits.
The contract value is subject to market fluctuations and investment risk so that, when withdrawn, it may be worth more or less than its original value.
MetLife Growth and Guaranteed Income annuity (Policy Form Series No. 8800 (10/09)) is issued by MetLife Investors USA Insurance Company (MLIUSA), 5 Park Plaza, Suite 1900, Irvine, CA 92614 and, in New York (Policy Form Series No. 6800 (10/09)), only by Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166 (each, a "MetLife" company). MLIUSA and Metropolitan Life Insurance company are affiliates. The contract's financial guarantees are solely the responsibility of the issuing insurance company. Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc., are the distributors; they are not affiliated with any MetLife company.
  1. Guarantees apply to certain insurance and annuity products (not securities, variable or investment advisory products) and are subject to product terms, exclusions and limitations and the insurer's claims paying ability and financial strength.
  2. Excess withdrawals and any withdrawal prior to age 59½ may significantly reduce the guaranteed withdrawal benefit amount, and, if taken during the first 5 contract years, may be subject to a 2% surrender fee. Withdrawals of taxable amounts are subject to ordinary income tax, and if made before age 59½, may be subject to a 10% IRS penalty.
  3. Benefit base will be compared to contract value annually and increased when the contract value exceeds the benefit base on anniversary dates prior to the oldest annuitant reaching age 85. After age 85, customers will no longer be eligible for potential benefit base increases. Withdrawals will reduce the contract value and death benefit and may impact whether your income payments will increase even if your contract value is increasing.
  4. The Fidelity VIP FundsManager 60% Portfolio is subject to the volatility of the financial markets in the U.S. and abroad, and may be subject to the additional risks associated with investing in high-yield, small-cap, and foreign securities. Please note that the portfolio's performance depends on that of the underlying funds in which it invests. The portfolio is managed by Strategic Advisers,® Inc., a subsidiary of FMR LLC.

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I'm about to retire and I want guaranteed income for retirement. I'm concerned about access to assets and future growth.

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