Tuesday, February 27, 2007

 

MetLife Increases Compounding Income Base Component to 6% on GMIB Plus/Predictor Plus Rider with Variable Annuities

MetLife announced today that it increased the compounding income base component to 6%, up from 5%, on its enhanced Guaranteed Minimum Income Benefit riders (GMIB Plus(SM) and Predictor Plus(SM)). The 6% compounding income base (known as the annual increase amount*) is used to calculate future minimum income payments, and gives customers the ability to generate potentially increased lifetime income payments, regardless of market conditions.

MetLife Increases Compounding Income Base Component to 6% on GMIB Plus/Predictor Plus Rider with Variable Annuities
Source: Yahoo! Finance

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