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Since 1921, MetLife has worked with companies on their de-risking journey while providing retirees financial security.
MetLife, through Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company, is a market leader in the pension risk transfer industry, managing benefit payments of approximately $3.8 billion a year for about 885,000 annuitants.1
Through the years, MetLife has worked with companies to provide for the financial security of their retirees and beneficiaries. MetLife’s expertise in managing transferred pension liabilities helps its clients feel secure that their risks are well-managed and their retirees’ pension benefits are protected.
MetLife has successfully orchestrated many pension buyouts through its history, providing superior implementation and client service. In 2022, MetLife’s Retirement & Income Solutions (RIS) customer service organization received J.D. Power certification for providing “An Outstanding Customer Service Experience” for the live phone channel for the fourth consecutive year. MetLife’s RIS business is among a select few institutional retirement providers that have achieved this status.2
Over 100 years ago MetLife was the first insurer, through Metropolitan Life Insurance Company, to develop and offer a group annuity contract to fund a defined benefit (DB) plan, issuing a group annuity contract to fund the William Rudge Printing Company’s DB pension plan. This first helped pave the way for today’s pension risk transfer market.
Metropolitan Life Insurance Company was the 1st life insurance company to develop and offer group annuity contracts.
MetLife was the 1st insurance company to establish a fully funded, formal contractual group annuity plan for its own employees.
Group pension sales exceeded $1 Billion for the first time.
MetLife set an industry record in the sale of pension contracts for the third consecutive year - $5.5 Billion.
Pension decisions today will impact many lives for years. See how we can help you decrease plan risk and protect retiree benefits.
1. Internal MetLife Data as of September 30, 2022. Includes both Metropolitan Life Insurance Company, New York, NY and Metropolitan Tower Life Insurance Company, Lincoln, NE.
2. J.D. Power 2019-2022 Certified Customer Service Program recognition is based on successful completion of an evaluation and exceeding a customer satisfaction benchmark through a survey of recent servicing interactions. For more information, visit www.jdpower.com/ccc.
Group annuity contracts can be issued by Metropolitan Life Insurance Company, 200 Park Ave. NY, NY 10166 or Metropolitan Tower Life Insurance Company, 5601 South 59th St., Lincoln, NE 68516. Like most group annuity contracts, MetLife group annuities contain certain limitations, exclusions and terms for keeping them in force. Ask a MetLife representative for costs and complete details.