The fee willīe deducted on a pro-rata basis (determined based upon the number of complete months that have elapsed since the prior Contract Anniversary) if You take a total withdrawal of your Account Balance. For classes B and L this fee is waived if your total purchase payments for the prior 12 monthsĪre at least $2,000 on the day the fee is deducted or if your Account Balance is at least $25,000 on the day the fee is deducted and for e and e Bonus classes if your Account Balance is at least $50,000 on the day the fee is deducted. The Annual Contract Fee may be waived under certain circumstances. Deferred Annuities issued in New York and certain other states, the Withdrawal Charges for the B Class are as follows: during Contract Year 1: 9% Year 2: 9% Year 3: 8% Year 4: 7% Year 5: 6% Year 6: 5% Year 7: 4% Year 8:ģ% Year 9: 2% Year 10: 1% Year 11 and thereafter: 0%.įee includes. Other states or for public school employees in certain states, the Withdrawal Charges for the B Class are as follows: Year 1:10%, Year 2: 9%, Year 3: 8%, Year 4: 7%, Year 5: 6%, Year 6: 5%, Year 7: 4%, Year 8: 3%, Year 9: 2%, Year 10: 1%, Year 11Īnd Thereafter: 0%. For Deferred Annuities issued in Connecticut and certain For all other B Class Deferred Annuities (except Deferred Annuities issued in Connecticut or New York and certain other states) the Withdrawal Charges for the B Class are as follows:ĭuring Contract Year 1:9%, Year 2: 9%, Year 3: 9%, Year 4: 9%, Year 5: 8%, Year 6: 7%, Year 7: 6%, Year 8: 5%, Year 9: 4%, Year 10: 3%, Year 11: 2%, Year 12: 1%, Year 13 and Thereafter: 0%. The maximum Withdrawal Charges for B Class Deferred Annuities. The amount of this fee will be no greater than $25 per transfer. Your exercise of the “free look” is the only circumstance under which the bonus will be retrieved (commonly called a “recapture”).Ĭurrently charged, we reserve the right to limit transfers and we reserve the right to impose a transfer fee. Look” period, we will retrieve any bonus amount paid. If you select a class with a bonus feature and you exercise your right to cancel during the “free The purchase payment credits (“Bonus”) may be more than offset by the higher expenses for these classes. It should be noted that the expenses for the B, L, and e Bonus Classes of the Deferred Annuity may be higher than similarĬontracts without a bonus. The e Bonus Class Deferred Annuity we also credit 3% to each of your purchase payments made during the first contract year. Payments which consist of money from eligible rollover distributions or direct transfers from an investment vehicle (such as an annuity or a mutual fund) that was not sold by MetLife or one of its affiliates. Subject to certain limitations, during the first two Contract Years, for the B and L Classes, we currently credit 3% (2% in New York State) to each of your purchase We do not currently charge a fee for transfers of cash value among Divisions or between the Divisions and the Fixed Account, We reserve the right to impose a transfer fee of $25.Ĭlass with a 7 year withdrawal charge and higher ongoing fees than the e Class.
More information about the Company, including its financial strength ratings, is available upon request by visiting Will be able to meet our claims paying obligations there are risks to purchasing any insurance product. MetLife is regulated as an insurance company under state law, which generally includes limits on the amount and type of investments in its general account. Payments, and are not guaranteed by any other party. Any obligations (including under the Fixed Account), guarantees, or benefits are subject to the claims-paying ability of the Company, and our long term ability to make such Investment in the Contract is subject to the risks related to the Company.
0 kommentar(er)
