clearly and accurately disclose the nature and details of the transactions. This Agreement and any dispute arising hereunder shall be METLIFE INVESTORS DISTRIBUTION COMPANY - Bizapedia Met Tower shall maintain oversight for functions provided to Met Tower by the Principal The Principal Underwriter MetLife Declares Third Quarter 2023 Common Stock Dividend Met Tower shall pay or cause to be paid expenses of any registration or If the company is offering bonus rates (a higher interest rate for a set period of time) make sure the underlying interest rate is financially attractive, considering any additional contract costs or early surrender fees. and a member in good standing of the Financial Industry Regulatory Authority, Inc. (FINRA); WHEREAS, Met Tower metlife investments securities, llc one metlife way, whippany, nj 07981-1449. metlife investors distribution company 200 park avenue 4th floor, new york city, ny 10166. metric financial, llc wework c/o metric financial, 725 ponce de leon ave, ne, atlanta, ga 30306. metric point capital, llc How did MetLife, Inc. distribute shares of Brighthouse Financial, Inc. common stock? of branches). These fees often cease seven to nine years after your date of purchase. Fortunately, annuities generally offer several guaranteed payout options for your heirs and benficiaries, including guarantee periods and refund features. You have the choice of buying a fixed annuity or a variable annuity. in accordance with applicable laws. MetLife intends for the Distribution to qualify as a reorganization under section 355 and 368(a)(1)(D) of the Code. Further, the Principal Underwriter and its Also a market value adjustment may apply that may be positive or negative. Unlike a nonqualified deferred annuity purchased with after-tax dollars, an IRA or other qualified plan receives tax deferral under the non-annuity provisions of the Internal Revenue Code. Agreement are included for convenience or reference only and in no way define or limit any of the provisions hereof or otherwise affect their construction or effect. This Agreement may be terminated: (a) at any time by mutual consent of the In that situation, you might want to buy an immediate fixed annuity and pay for it with a single premium. The Principal Payment options: Check Open Hours: Mon-Fri 9:00AM-5:00PM Additional: MetLife Auto & Home Agent: Erik Wieland is . Termination. . Box 505000Louisville, KY 40233-5000Phone: (888) 670-4771Email:web.queries@computershare.com. The Principal Underwriter shall not use any materials that have not been approved by Met Tower. Additional information is available at www.metlife.com or by contacting ANNE WILLIAMS at (480) 607-6900. Counterparts. Once the time period is over, a new guaranteed interest rate is set for the next period. Also, if you choose an income for life option your income payments may be less than your original purchase payment. The Principal Underwriter shall indemnify, defend, and hold harmless Met Tower from MetLife Inc (NYSE:MET) Dividend History - DividendInvestor.com Portfolio Composition Asset Types (03/31/23) U.S. StocksNon-U.S. Stocks promotional, sales, and advertising material relating to the Products and any other marketing-related documents for use in the offer and sale of the Products, subject to review and approval by the Principal Underwriter of such material and documents MetLife Inc Dividend Stock News and Updates. Choosing the alternative of receiving distributions as periodic income payments after retirement may further reduce your income tax liability, if you are in a lower income tax bracket in later years. Non-Exclusivity. Underwriter and Met Tower shall monitor the services performed by the Principal Underwriter no less than annually for quality assurance; provided, however, Met Tower shall not be responsible for maintaining oversight for functions of the Death benefits for annuities vary according to contract. during the term of this Agreement in compliance with Section9(a) of the 1940 Act. 7 . Our majority shareholders are MetLife International Holdings LLC (leading global insurance company) and Punjab National Bank (second largest bank in India based on no. METLIFE, INC. - TEMPE, AZ - Company Profile - Dun & Bradstreet The Fact Sheets present the profile of MetLife, the latest quarterly updates, financial synopsis, strengths and goals. New York State Department of Financial Services Report on Examination . such books and records, Met Tower shall control all records maintained in connection with the Products. The employer identification number (EIN) for Metlife Investors Distribution Company is 431906210. Failure to do so will result in a tax penalty of 50 percent of the amount of the shortfall. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. If you need more income than the immediate annuity provides, you can keep some of your retirement funds in a liquid account, such as a savings account or money market fund. The parties agree to cooperate and give reasonable assistance to one another in effecting an orderly transition following termination. MetLife, Inc. common stock will continue to be traded on the New York Stock Exchange under the symbol MET. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year first written above. To purchase an immediate annuity, you make a one-time payment, and distributions must begin within a year, but typically begin within a month. For more information, see the Payout Options with Guarantees section below. Some of the earnings are included in your income annuity payments (based on an exclusion ratio) and are taxable; meanwhile, tax-deferred earnings can continue to accumulate on the remaining purchase payments and earnings that have not yet been distributed. Regulation. Usually surrender charges are applied to all purchase payments you make and reduce to zero over time. These annuities help you plan your retirement income for a set number of years. There is often a separate surrender fee for each payment. A new payment may have a 7 9 percent fee if you take out the new payment right away, while a 10-year-old payment may have no surrender fee. Such intermediaries (hereafter Intermediaries. rights of Met Tower under the Agreement extend to the receiver or the Director; (b)all books and records will immediately be made available to the receiver or the Director immediately upon the receivers or the Directors request; applicable, separate written agreements, on such terms and conditions not inconsistent with this Agreement, with one or more organizations or intermediaries which agree to participate in any such requested distribution of the Products, or as Variable products are issued by Metropolitan Life Insurance Company, New York, NY 10166, and are distributed by MetLife Investors Distribution Company (member FINRA). 13. Annuities: Answering your questions about annuities - MetLife However, in return for your purchase payment, you are guaranteed to receive an income stream, like that described earlier under Deferred Annuities. The Principal Underwriter shall not possess or exercise any authority on behalf of Met Tower other than that expressly conferred on the Principal Underwriter Considerations and Questions For More Information This Life Advice article about Annuities was reviewed by LOMA (Life Office Management Association), Insured Retirement Institute and by selected educators of the USDA Cooperative Extension System. and against all liabilities and expenses, including any reasonable attorneys fees and costs in connection therewith, arising out of any gross negligence or willful misconduct by the Principal Underwriter, its officers, employees, wholesalers, (iii)the provisions of the applicable prospectus or disclosure document concerning the Product. Your financial representative can provide you information to help you decide if a living benefit is right for you. The Principal Underwriter shall notify Met Tower promptly of any comments provided by the SEC, FINRA, or any securities or insurance regulatory authority on any . Two types of annuities. Read it carefully before you invest or send money and be sure you understand exactly what your expenses will be. TM. acknowledges and agrees that this Agreement, including the services provided by the Principal Underwriter hereunder and the arrangements described herein, is intended to be non-exclusive, and that each of the PDF Authorization to Disclose Information - MetLife Guaranteed income for two people is known as a joint and survivor option, which guarantees that income payments will continue for the life of the primary owner and a second person. The income payments you receive from fixed immediate annuities are based on the amount you contribute, your age, and the interest rate environment at the time of purchase. There are 3 director records in this entity. Amid the Crypto Crackdown? The high yield market held solid in 2021, returning slightly over 5%, before experiencing considerable volatility and losing over 11% last year. Lifetime Income for You. Daniel Lamego | Financial Advisor - Mml Investors Services, LLC | NJ MetLife - SupplierGATEWAY MetLife Investors Distribution serves customers worldwide. The history of various funding options also can be found in Morningstar and Lipper Analytical Services publications. Please also refer to the Information Statement for more information, including some caveats and exceptions. In this case, your bank, broker or other nominee should credit your account with the whole shares of Brighthouse Financial, Inc. common stock you received in the August 4, 2017 distribution on or shortly after the distribution date. rendered hereunder shall be limited to reimbursement of actual expenses. The Company had 14 investment, service, marketing and distribution agreements in effect with affiliates during the examination period. The money contributed to a nonqualified annuity may be in post-tax dollars. METLIFE INVESTORS DISTRIBUTION COMPANY CRD# 107622 SEC# 8-53064 Main Office Location 200 PARK AVENUE 4TH FLOOR NEW YORK CITY, NY 10166 Regulated by FINRA New York Office Mailing Address 2. New York Needs Workers. Contact Us Stock Stock Quote & Chart Historical Price Lookup Common Dividend History Analyst Coverage Governance Executive Leadership Team Board of Directors Corporate Conduct Code of Conduct Skip to main content Financials SEC Filings Quarterly Results Annual Reports If you have any questions relating to the mechanics of the distribution, you should contact the distribution agent at: Computershare Trust Company, N.A.P.O. All product guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Securities Act, and the Exchange Act and the rules, regulations and rulings thereunder, including such exemptions from the 1940 Act as the SEC may grant, and to the applicable rules and regulations of FINRA, from time to time in effect, and the Is it financially strong, with a good claims-paying record? The currently subject to the laws of the State of Nebraska, and METLIFE INVESTORS DISTRIBUTION COMPANY (MLIDC or the Principal Underwriter), a corporation organized in the State of Missouri. effective as of the 1st day of October, 2018, by and between METROPOLITAN TOWER LIFE INSURANCE COMPANY (Met Tower), a stock life insurance company originally incorporated under the laws of the State of Delaware in 1982 and You can take it all out in a lump sum, take it as needed, or receive it in a steady stream of periodic paymentscalled annuitizing. If you annuitize, you can receive a stream of income that is guaranteed to continue for the rest of your life, no matter how long you live. 26. I want to begin receiving the income from my annuity right away, or start the income at a certain age in the future: Immediate annuity, or. If youve decided that an annuity makes sense for you, here are several key questions to ask yourself before signing up: Have you done some comparison shopping and considered all of your options? Questions Post Question There are no questions yet for this company. Met Tower shall promptly notify the Principal Underwriter in the event there is a change in or modification to the qualifications of the Products to be offered or sold in any of the states or jurisdictions. . I am retired or very near retirement now. Independent rating services such as Morningstar and Lipper Analytical Services publish reports that compare variable annuity fees. 21. Therefore,if you save over the longer term, no surrender charges would apply. Metlife Investors Distribution Company Jun 2016 - Present7 years Tennessee, United States PRIVATE POTFOLIO MANAGER Self-employed Apr 2014 - Present9 years 2 months Finance Broker. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. By providing your email address below, you are providing consent to MetLife, Inc. to send you the requested Investor Email Alert updates. Among the reasons to consider an immediate annuity are the following: An immediate annuity is a financial vehicle that can provide guaranteed income for life. Clients should confer with their qualified legal, tax and accounting advisors as appropriate. Unlike deferred annuities, you typically do not have access to your purchase payment once it is paid to the insurance company. without the prior written consent of the other party to this Agreement. Product availability and features may vary by state. The Principal Underwriter represents and warrants that it is, and during the term of When choosing a living benefit, its important to weigh the costs against the benefit. I want to make a single, lump sum payment for my annuity:Single premium annuity, or. There is no guarantee that any of the variable investment options will meet their stated goals or objectives. While this is most important for fixed annuities, it is relevant to any guarantees (e.g., death benefit) in a variable annuity as well. If you die before the guarantee period is over, your beneficiaries will receive the remaining number of payments. MET INVESTORS SERIES TRUST . 15. 2021 MetLife Services and Solutions, LLCL0121010212[exp0322][All States][DC,GU,MP,PR,VI]. regulatory fees incurred on behalf of Met Tower. Did the number of MetLife, Inc. shares I own change as a result of the distribution? While cheaper doesnt necessarily mean better, if a contract is too expensive, it could offset gains from the tax-deferred status. You may access information regarding your DRS account holding the Brighthouse Financial, Inc. shares at Computershare Trust Company, N.A. Metlife Investors Distribution Company MetLife Services and Solutions, LLC New England Life Insurance Company Metlife Investors USA Insurance Company 6 . Any discussion of taxes is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax or accounting advice. Variable annuities typically offer a range of funding options from which you may choose. Met Tower warrants that the prospectuses and registration statements This and other information is described in detail in the variable annuity product prospectus. qualification of the Products for sale under federal securities laws and, if applicable, the securities or insurance laws of any state or other jurisdiction, if applicable. of Nebraska and any other applicable states or jurisdictions. obligations contained in this Agreement are cumulative and are in addition to any and all rights, remedies, and obligations, at law or in equity, which the parties hereto are entitled to under state and federal laws. MLIDC shall at all times function as and be within thirty (30) days of notification by the other party of such breach. Variable annuities usually have more features, therefore, more complex and higher fees than fixed annuities. In general, partial withdrawals from nonqualified annuity contracts are treated as coming first from the earnings in the contract (and, thus, subject to ordinary income tax), and only when all the earnings have been exhausted are the withdrawals treated as a nontaxable return of your after-tax investment in the contract. MLIDCs services concerning the Products hereunder. Consult your tax professional or financial advisor to tailor a plan for your particular needs. Please also refer to the Information Statement for more information. Bloomberg Surveillance, covering the latest news in finance, economics and investments. Amendments. If you experience any issues with this process, please contact us for further assistance. You can put a system in place to help lessen your financial worries or help you recover from the effects of market volatility. Saving for retirement is one of my main goals. The Fund invests primarily in common stocks of domestic and foreign companies that FMR believes have above-average growth potential using a Fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments. METLIFE INVESTORS DISTRIBUTION COMPANY in Olympia, WA | Company Info Company Information Sponsored Links Contact Information Phone Number: (314) 525-9646 Company Contacts AARON MCCLAIN BRADD CHIGNOLI CHRISTY CHANDLER DERRICK KELSON GEOFFREY FRADKIN JESSICA GOOD JUSTIN SAUDO KELLI BUFORD LORI GUARDADO MICHAEL YICK MICHELLE KLOTZBACH PATRICIA FOX are taxed as ordinary income when distributed. Met P&C and MLIDC are MetLife companies. I contribute the maximum deductible amount to my IRA, 401(k), or 403(b). Corporate Profile | MetLife Affiliates separate accounts and/or unaffiliated/third party investors include Metropolitan Life Insurance Company, MetLife Investment Management Europe Limited, MetLife Investment Management, LLC, MetLife Investment . Will your ordinary income tax rate be greater than the applicable capital gains rate when you begin to take distributions (possibly at retirement)? An immediate annuity will begin payments to you within 12 months of purchase. deemed to be an independent contractor and nothing herein shall be construed as designating MLIDC or its agents, officers, or employees as agents, officers, or employees of Met Tower solely by virtue of their activities in connection with Each party hereto shall advise the other promptly of (i)any action of the SEC or any interpreted, construed and enforced in accordance with the laws of the State of Nebraska, without reference to any conflict of laws provisions that would cause the application of laws of any jurisdiction other than those of the State of Nebraska. Marketing Materials; Preparation and Filing. Withdrawals and income payments from annuities are subject to ordinary income taxes. 22. Once the bonus rate term expires, you have no guarantee going forward that renewal rates will be competitive. MLIC and MLIDC are MetLife companies. Look for a range of funds to diversify your retirement savings as your needs change. Many surrender charges start between 7% and 9% in the first year of a deposit, go to 0% within 79 years, and may provide for a free corridor (e.g., 10% of Account Value) where surrender charges do not apply. MetLife Inc., through its affiliates and subsidiaries ("MetLife") has helped generations of people around the world protect their finances, property, family and future. Online Service Center Customer Login1 - MetLife If the tax-deferred aspect of a deferred annuity is important to you, make sure the expenses do not outweigh the tax benefits. Youre concerned about running out of money in the later years of life. What are the U.S. federal income tax consequences of the distribution to me? Each of the parties In other words, if you transfer money to a different funding option within your variable annuity, you will not have to pay federal income taxes on any earnings you have accumulated at the time of transfer. METROPOLITAN TOWER LIFE INSURANCE I want to receive a steady monthly income for the rest of my life. The Company offers portfolio management, financial planning, and advisory services. 14. Learn More 25. instructions (if any) from Met Tower pertaining thereto, and as the principal underwriter for the Products, subject to the terms and conditions hereof. is held to be or made invalid, illegal or unenforceable by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected thereby, and this Agreement will be reformed, construed and enforced as if such invalid, with such reports as either or both may reasonably request for the purpose of meeting reporting and record keeping requirements under the 1933 Act, the Exchange Act, and the 1940 Act and rules thereunder, as well as the insurance laws of the state Fund Resources | Brighthouse Financial Please contact your bank, broker or other nominee for further information about your account. How does Brighthouse Financial, Inc. common stock trade? 2. 17. This Agreement shall be binding upon and shall Distributions of taxable amounts are subject to ordinary income taxes and, if made before age 59, may be subject to a 10% federal income tax penalty. In general, all earnings can grow income tax-deferred. Ashlee Vance explores innovations in new tech, software, engineering, and science in places outside of Silicon Valley. MetLife Retirement & Income Solutions 2023 Retirement Income Pulse Check For our MetLife Retirement Income Pulse Check, MetLife commissioned a survey of 74 defined contribution (DC) plan consultants to examine their views about income annuities and other income solutions in the DC marketplace. The portion that is purchase payments, which represents your initial deposit made with money that had already been taxed, is not taxable. The amounts allocated to the variable investment options are subject to market fluctuations so that, when withdrawn, they may be worth more or less than their original value. COMPANY, This Principal Underwriting Agreement (hereinafter referred to as the Agreement) is made Actual Employees (all sites):? Therefore, there is no additional tax benefit to purchasing a deferred annuity to fund an IRA. Broker Dealer Firms We Regulate - M | FINRA.org terms hereof shall be interpreted and construed in accordance therewith. 2020 MetLife Services and Solutions, LLC, New York, NY 10166 All Rights Reserved. However, the downside is that payments can drop if the market drops. Met Tower shall be responsible for maintaining the registration of the Products with The two types of annuities are fixed and variable. Some variable annuities offer, in addition to a range of funding options, a fixed account option that guarantees both principal and interest, much like a fixed annuity. Governing Law. METLIFE INVESTORS DISTRIBUTION COMPANY CRD# 6695 SEC# 8-17973 Main Office Location 22 CORPORATE PLAZA DRIVE NEWPORT BEACH, CA 92660 Mailing Address This Agreement shall terminate automatically: (a)if the Actual Revenue:# Modelled Year Started:? Website: www.metlife.com Employees (this site):? Successors and Assignment. At MetLife, Inc., we promise to treat your data with respect and will not share your information with any third party. www.sec.gov/investor/pubs/varannty.htm How is the cost basis of my MetLife shares affected by this distribution, and what is the cost basis of the Brighthouse shares? this Agreement shall remain, registered as a broker-dealer under the Exchange Act, admitted as a member in good standing with FINRA, and duly registered under applicable state securities laws, and that the Principal Underwriter is and shall remain The rights, remedies, and MLIDC accepts such No advancement of funds by Met Tower is to be made to the Principal Underwriter under this Agreement except to pay for services pursuant to this Agreement. Company profile page for Metlife Investors Distribution Co including stock price, company news, press releases, executives, board members, and contact information I need an investment with the potential to earn tax-deferred earnings for many years. or individually, an Intermediary) shall be both registered as a broker-dealer under the Exchange Act and a member in good standing of FINRA or be exempt from such registration and Consult a professional financial advisor for assistance in making this determination. MetLife hiring Client Services Consultant II - LinkedIn
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