Single Premium Annuity
A simple and straightforward product wherein you make a one-off payment and can then receive a monthly pension based on the amount you contributed. Your monthly retirement income will be determined according to the annuity option you choose and the initial payment you make.
Options of life annuity
Immediate Annuity : Pay-outs begin as soon as the Single Premium Annuity is purchased with a single payment.
Deferred Annuity : Pay-outs begin at retirement or at the end of the accumulation phase of the Single Premium Annuity. The amount you receive will be determined by the accumulated balance in your account and MetLife Alico’s annuity rates at the time you elect to begin receiving pay-out.
Term-Certain Annuity : Pay-outs are paid for a specified period of time once all of the principal and interest has been paid.
Participants in the Group Allocation Annuity and the MetLife Alico Annuity Plan can request a single premium annuity quotation based on their accumulated savings at any time and you will receive a quotation based on the accumulated balance, age of the annuitant and the option selected.
Eligibility
Minimum Annuity Payment should be US Dollars 25 per month
Currency
US Dollars or UK Pounds
Payment modes
Lump-sum payment
MetLife Alico group insurance policies contain certain exclusions, reductions, limitations and terms for keeping them in force. Contact your MetLife Alico representative for more information.
/rajeev.jpg)
Saving for your future
/230x176_c061.jpg)
Saving for your retirement