Wondering if MetLife recognized the irony in naming their most currrent...
MetLife
The Metropolitan Life Insurance Company (MetLife) is a leading provider of insurance and other financial services to millions of individual and institutional customers throughout the United States.
MetLife is one of the largest and strongest providers of variable annuity products in the United States and abroad. The company also offers products in the areas of life insurance, disability insurance, retirement savings, auto insurance, dental insurance, employee benefits and banking services.
MetLife serves 90 million people in over 50 countries and is a publicly listed company on the New York Stock Exchange.
| MetLife Product Reviews |
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Product Review of Preference Premier
There is an interesting feature available through this product that allows for... Product Review of MetLife Longevity Income Guarantee
Metlife is one of several insurance companies offering a longevity insurance... Product Review of MetLife Longevity Income Guarantee
There are 2 versions of MetLife's longevity annuity.
The first is what they... |
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| Website | http://www.metlife.com |
| Type | Insurance Company |
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| Country | USA |
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| Address | , |
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Information & Articles about MetLife
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U.S. variable annuity sales grew by 24 percent from the same period a year earlier. Variable annuity sales for the first quarter of 2011 totaled $38.9 billion. LIMRA reports that 16 of the top 20 variable annuity providers experienced sales growth relative to the previous year. Prudential led the industry with a 40 percent increase and $6.81 billion in variable annuity sales in the first quarter. Sales at MetLife increased 41 percent to $5.68 billion. The strong sales results are attributed in part to rising equity markets. According to a Bloomberg article, another demand factor likely involves pending product changes that will make variable annuity terms less attractive: “It’s reasonable to assume that a portion of our first- quarter sales represented accelerated purchases due to the anticipated product changeover,” Mark Grier, vice chairman of the Newark, New Jersey-based insurer, said on May 5 during a call with analysts to discuss first-quarter results. Total annuity sales in the United States totaled $60 billion for January through March of 2011. Fixed annuities grew five percent to $20.2 billion, while indexed annuity sales grew one percent to $7 billion.
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Life insurance companies MetLife and Prudential Financial both reported quarterly earnings that exceeded analysts' estimates. MetLife reported record variable annuity sales and a sharp rise in its retirement product fees. Prudential also reported strength in its annuity business. While annuity sales were strong at both companies, higher hedging costs had an adverse impact on the reported earnings of MetLife and Prudential. Source: Reuters |
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Fidelity Investments recently announced that it reached $1 billion in sales with its MetLife Growth and Guaranteed Income ("MGGI") variable annuity product offering. The MetLife Growth and Guaranteed Income product has only been available since November 2009. The MGGI product is manufactured by MetLife and distributed exclusively by Fidelity. The MGGI product is a deferred variable annuity with a living benefit rider. The living benefit rider is a guaranteed lifetime withdrawal benefit (GLWB) that offers between 4 and 6 percent. According to MetLife EVP Robert E. Stollman:
Source: Business Wire |
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