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New annuity riders from MetLife offer guaranteed income

Two annuity riders from MetLife are the first of several new retirement income strategies from the company.

By Heather Trese | Updated on May 03, 2011

MetLife just launched two optional variable annuity riders — the Guaranteed Minimum Income Benefit Max and Enhanced Death Benefit Max, both designed to help with the ever-growing need to provide clients with more guaranteed income and consistent returns over time.

According to a recent MetLife poll, 75 percent of baby boomers and 88 percent of financial advisors say that they remain concerned about market volatility. Additionally, 54 percent of baby boomers said their comfort level for volatility was 10 percent or less, and one-fourth of boomers were only at ease with swings of 5 percent or less.

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