MetLife Inc. and Fidelity Investments have teamed up to produce a new deferred variable annuity that provides a principal protection guarantee. 

The new VA, the MetLife Accumulation Annuity, provides investors both growth potential and protection against loss if held for a minimum of 10 years, according to the companies. The principal protection guarantee is backed by MetLife and, of course, carries with it specific terms, exclusions and limitations. 

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