MetLife and Wachovia Securities Build on Alliance to Offer Variable Annuities.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- MetLife Investors Distribution Company (MetLife Investors) announced today its expanded partnership with Wachovia Securities Wachovia Securities, located in Richmond, Virginia (soon to be moved to St. Louis), is the third largest brokerage firm in the United States as of 2006 with $689 billion retail client assets under management. It is a subsidiary of Wachovia Corporation. , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to offer certain MetLife Investors variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. and its suite of optional living benefits in Wachovia bank locations across the U.S. The products are made available to customers through approved Wachovia Securities financial advisors in the firm's Investment Services Group. "MetLife Investors offers an array of retirement income products and options with an emphasis on product flexibility," said Paul Sylvester, National Sales Manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → of Annuities and Long-Term Care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. , MetLife Investors. "We are pleased to be working with Wachovia Securities in this capacity to help more people preserve their lifestyle in retirement." "This expanded agreement also bolsters the MetLife Investors' bank channel distribution for variable annuities, which is a key growth opportunity for our firm," added Sylvester. MetLife is the number one provider of variable annuities in the U.S.* In conjunction with MetLife Investors variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. offerings, Wachovia Securities customers will also have access to a suite of optional living benefits to help preserve their lifestyle in retirement, including the recently launched MetLife Lifetime Withdrawal Guarantee(TM) rider, and the currently offered Guaranteed Minimum Income Guaranteed minimum income is a proposed system of income redistribution that would provide eligible citizens with a certain sum of money (independent of whether they work or not), also known as "Basic Income Guarantee (BIG)", "universal basic income", "citizen's income scheme", Benefit Plus and Guaranteed Minimum Accumulation Benefit riders. Individuals may make their investment selections from the MetLife Asset Allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. Program (MAAP MAAP Movement Activist Apprenticeship Program MAAP Minnesota Association of Alternative Programs MAAP Master Air Attack Plan MAAP Maritime Academy of Asia and the Pacific (Bataan, Philippines) ). MAAP is comprised of five asset allocation portfolios, each designed for a specific type of investor, with particular investment objectives, retirement time horizon and risk tolerance Risk Tolerance The degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio. Notes: An investor's risk tolerance varies according to age, income requirements, financial goals, etc. . The program is actively managed by Met Investors Advisory, LLC, an affiliate of MetLife, Inc. Certain terms and conditions apply if an optional living benefit rider is elected, such as investment allocation restrictions. Income taxes and tax penalties may apply to any withdrawal. Not all riders may be appropriate for purchase by a beneficiary under a decedent's IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. . Variable annuities are offered by prospectus only, which is available from a registered representative. A customer should carefully consider the product's features, risks, charges and expenses, and the investment objectives, risks and policies of the underlying portfolios, as well other information about the underlying funding choices. Amounts allocated to the variable investment options of an account balance are subject to market fluctuations, and when withdrawn or annuitized, may be worth more or less than their original value. The principal value and rate of return in a variable annuity will fluctuate due to market conditions. Therefore, at any point in time, the value of the annuity contract Annuity Contract The written agreement between an insurance company and a customer outlining each party's obligations in an annuity coverage agreement. This document will include the specific details of the contract, such as the structure of the annuity (variable or fixed), any may be worth more or less than the owner's actual investment in the contract. There is no guarantee that any of the variable options in this product will meet their stated goals or objectives. This and other information is available in the prospectuses, which a customer should read carefully before investing. Product availability and features may vary by state. All variable annuity product guarantees, including those associated with the optional living benefits riders, are based on the claims-paying ability and financial strength of the issuing insurance company. About MetLife Investors MetLife Investors affiliated insurance companies offer individual life insurance, annuity and long-term care insurance products and services through third party intermediaries including wirehouses, independent planners, broker dealers and banks. Each of the insurers is an affiliate of MetLife, Inc. Products are distributed by MetLife Investors Distribution Company, Irvine, CA. About MetLife MetLife, Inc. is a leading provider of insurance and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. Through its domestic and international subsidiaries and affiliates, MetLife, Inc. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the United States (based on life insurance in-force). The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and retirement & savings products and services to corporations and other institutions. For more information, please visit www.metlife.com. The information in this press release is not intended to (and cannot) be used by anyone to avoid IRS penalties. This press release supports the promotion and marketing of this annuity rider. Customers should seek advice based on their particular circumstances from an independent tax advisor. Like most annuity contracts, the contracts issued by MetLife and its affiliates contain fees, surrender charges, and holding periods and terms for keeping the contract in force. Customers should consult their qualified tax or legal professional before making an investment decision. Prospectuses for MetLife's or any of its affiliated insurance companies' individual variable annuities and the underlying investment options can be obtained by contacting an authorized MetLife or MetLife Investors representative. MetLife's variable annuities are offered through MetLife affiliated broker/dealers including Metropolitan Life Insurance Company (member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ) or MetLife Securities, Inc. (member NASD, SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. ), both at 200 Park Avenue New York, NY 10166, MetLife Investors variable annuity products are issued by MetLife Investors Insurance Company, MetLife Investors Insurance Company of California, MetLife Investors USA Insurance Company and in New York, only by First MetLife Investors Insurance Company (subsidiaries of MetLife, Inc.) and distributed by MetLife Investors Distribution Company, 5 Park Plaza, Suite 1900, Irvine, CA, 92614. About Wachovia Securities The nation's third largest full service retail brokerage firm with more than $730 billion in client assets, Wachovia Securities provides financial advisory, brokerage, asset management and other financial services through approximately 10,500 registered representatives in more than 2,700 locations nationwide.* Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, member NASD/SIPC. *As of 9/30/2006. #1 in variable annuities based on sales premiums as of June 30, 2006, VARDS |
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