PrimElite IV offered by MetLife

Type of Product Variable Annuity
Product NamePrimElite IV
Offered byMetLife
Company Info

The Metropolitan Life Insur... read more

Contract and Purchasing
Minimum Premium Payment5000
Maximum Premium Payment1000000
Minimum Additional Premium Payment500
Ability to Select Asset AllocationYes
Total Number of Investment Options39 [Find annuities with more investment options]
Fixed Account
Minimum Fixed Account Rate Guarantee1 [Find annuities with higher fixed account minimum rate guarantees]
Features and Benefits
Free WithdrawalsYes
Free Withdrawal Limit10
Waiver of Withdrawal ChargesAvailable
Guaranteed Death BenefitAvailable
Are Telephone Transactions AllowedYes
Fees and Expenses
Minimum Total Fees and Expenses1.44 [Find annuities with lower fees and expenses]
Minimum Mortality and Expense Risk Charge "M&E Fee"0.8 [Find annuities with lower mortality and expense fees]
Maximum Mortality and Expense Risk Charge "M&E Fee"1.2 [Find annuities with lower mortality and expense fees]
Administrative Fee30.00 [Find annuities with lower administrative fees]
Contract Maintenance Fee0.15 [Find annuities with lower contract maintenance fees]
Early Withdrawal Charges / Surrender Fees Request Access
Minimum Investment Management Fee0.49 [Find annuities with lower investment management fees]
Maximum Investment Management Fee1.51 [Find annuities with lower investment management fees]
Sales Compensation
Maximum Commissions6 [Find annuities with lower commissions] [Find annuities with higher commissions]
Contact Information
Company OfferingMetLife
Company TypeInsurance Company
Phone Number
Talk to a Financial Advisor
Contact Information Connect with a Financial Advisor
Reviews and Ratings
Average Review

4/5 from 1 Reviews

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Product Ratings and Reviews

Average: 4 (1 vote)

I am wondering what makes this product unique or noteworthy other than the fact that the company providing it is MetLife?

There is such a lack of marketing material that one is left wondering what features are in this variable annuity.

The expense structure seems middle of the road and the surrender charge schedule seems average.  The mutual fund offerings are what they are, and there is of course plently of historical performance data available for what it is worth.

Other companies seem to provide some marketing material for their VAs--even if it is limited.

MetLife would do well to consider offering some basic product feature highlight material for non financial advisors.


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