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Immediate annuities can supplement other sources of retirement income with payouts that begin soon after you buy them. They can be a good choice if you're retired or about to retire.
Typically, they're purchased with a single payment that's converted to a steady stream of income that lasts a lifetime (or a specified number of years). Some options let you pass payments on to a beneficiary after you're gone.
The two types of immediate annuities:
Immediate fixed annuity, which helps protect your retirement with steady, predictable income. A fixed immediate annuity can provide you with a guaranteed fixed income for life or for a set period of time. See MetLife’s Max Income® Immediate Fixed Annuity.
Immediate variable annuity, which allows for investment flexibility and potential income growth, if you can accept some risk. Part of your money can go into a fixed income option that pays you a guaranteed fixed income and part can go into professionally managed investment options that invest in the stock and bond markets. The investment options can potentially provide higher income payments than the fixed income option, but your income payments will go up or down based on the performance of the investment options chosen. See MetLife's Preference Plus® Income Advantage Immediate Variable Annuity.
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Did You Know?
· You can choose payments that last your lifetime, the lifetime of you and your spouse (or another person), or a fixed number of years.
· You can fund an immediate annuity with a rollover from your IRA or 401(k) Plan.
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The Preference Plus Income Advantage Immediate Variable Annuity is offered by prospectus only, which is available from your registered representative. You should carefully consider the product’s features, risks, charges and expenses, and the investment objectives, risks and policies of the underlying portfolios, as well as other information about the underlying funding options. This and other information is available in the prospectus, which you should read carefully before investing. Product availability and features may vary by state. All product guarantees are based on the claims-paying ability of Metropolitan Life Insurance Company.
The amounts allocated to the variable investment options of your account balance are subject to market fluctuations so that, when withdrawn or annuitized it may be worth more or less than its original value.
Securities, including variable products, are offered by New England Securities Corp. [member FINRA/SIPC], Boston, MA 02116, a MetLife company.
Ordinary income taxes apply to the taxable portion of income payments. Pursuant to IRS Circular 230, MetLife is providing you with the following notification: The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of insurance products. You should seek advice based on your particular circumstances from an independent tax advisor. | 
