MetLife launches unbundled variable annuity. (New Products and Services).MetLife Inc., 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 , has introduced Preference Plus Select, a 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. with optional benefits that can be tailored to each client. Policyowners may select features, pricing and surrender charges Surrender Charge A fee levied on a life insurance policyholder upon cancellation of his or her life insurance policy. The fee is used to cover the costs of keeping the insurance policy on the insurance provider's books. . Among the choices are an enhanced dollar-cost-averaging program, which pays a higher guaranteed interest rate; the Predictor 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, which guarantees a lifetime income benefit, regardless of the actual performance of the contract after 10 years; an annual step-up death benefit, a 5% annual increase, or the higher of the two; and a supplemental death benefit. |
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