LIFE UNIVERSAL. MetLife Secure Flex Universal Life SM. options. for life

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1 LIFE UNIVERSAL MetLife Secure Flex Universal Life SM options for life

2 Life. your way SM Discover the flexibility of life insurance to protect, accumulate and transfer wealth now and in the future. Be free to live life, your way.

3 The Security of Long-Term, Guaranteed Protection. Life is unpredictable. The smart choice is to be prepared and to be able to protect your loved ones financially. It s the reason many people turn to life insurance. MetLife Secure Flex Universal Life (UL) can help provide financial protection from the unpredictable with guaranteed death benefit coverage. 1 The Flexibility to Meet Your Changing Needs Flexibility in a life insurance policy lets you meet changing needs head-on; it provides coverage when you are having a baby, buying a bigger house, growing your business, or retiring early. MetLife Secure Flex UL provides the protection you need today and the flexibility to meet future needs. Plus, it offers the potential to accumulate cash value on a tax-deferred basis when the policy is properly structured and funded. MetLife Secure Flex UL permanent protection, cash value accumulation, tax advantages and coverage flexibility all in one policy. 1 All product guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. 1

4 METLIFE SECURE FLEX UL is designed to meet the protection needs of individuals, families and businesses now and into the future by offering: Policy charges are guaranteed at the end of the coverage continuation benefit period with the MetLife Ultimate Charge Guarantee. Knowing exactly what your insurance will cost makes planning easier. Built-in Guarantees including a coverage continuation no-lapse benefit that protects your family and business for as long as you choose, up to the insured s attained age Flexibility for Life s Changes like when your business grows, you buy a bigger house, or your kids start careers of their own. Whether you need more or less insurance, MetLife Secure Flex UL fits the bill. You make the determination as to whether to increase 3 or decrease the policy s face amount. Tax-Free Death Benefit allows you to enhance the value of your estate by providing your beneficiaries with an income tax-free death benefit. (Any outstanding loans can decrease the death benefit). 4 MetLife Ultimate Charge Guarantee SM takes the mystery out of planning for a lifetime of protection with policy charges that are guaranteed after the no-lapse guarantee period ends. 5 Tax-Deferred Cash Accumulation helps you build tax-deferred cash value without being exposed to market risks. And while the interest rate that your policy s cash value earns may vary, it will never fall below a guaranteed rate. Greater Cash Value Leading to Greater Flexibility. You can continue coverage after the no-lapse guarantee period ends. You can use the policy s cash value to reduce premium payments. You may just want to access the cash value...now that s flexibility! 2 No-lapse guarantee period to age 90 is not available for all issue ages. The length of the no-lapse guarantee duration will be higher for younger issue ages. 3 Requests for face amount increases will generally need evidence of insurability and need premiums sufficient to cover monthly deductions. 4 Distributions are generally treated first as tax-free recovery of basis and then as taxable income, assuming the policy is not a Modified Endowment Contract (MEC). However, different rules apply in the first fifteen policy years, when distributions accompanied by benefit reductions may be taxable prior to basis recovery. Non-MEC loans are generally not subject to tax but may be taxable when the policy lapses, is surrendered, exchanged or otherwise terminated. In the case of a MEC, loans and withdrawals are taxable to the extent of policy gain and an additional 10% tax may apply if taken prior to age 59½. Always confirm the status of a particular loan or withdrawal with a qualified tax advisor. Loans and withdrawals will decrease the cash value and death benefit. Cash value accumulation may not be guaranteed depending on the type of product selected. 5 Cost of insurance rates increase every year. 2

5 MetLife Secure Flex UL may be right if you... Want to provide financial security and stability for your loved ones in the event of the untimely death of the insured. Want flexibility in the policy s face amount without surrendering it to better meet new financial and life insurance needs as they arise. Value the predictability of policy charges which provides options. Want the option to use the tax-deferred cash value for just about any purpose, including continuing coverage after the no-lapse guarantee period ends. Are a business owner looking to fund buy-sell agreements, deferred compensation plans, and key person arrangements. IS THE PROTECTION AND FLEXIBILITY OF METLIFE SECURE FLEX UL RIGHT FOR YOU? Ask your financial professional how it may fit into your overall financial strategy. 3

6 Built-in benefit and optional riders offer greater security, protection, and flexibility 6 For you and your family Coverage Continuation Benefit (CCB) 7 is a built-in policy feature that can guarantee the death benefit up to age 90. Premiums can be customized in both amount and duration while continuing this important death benefit guarantee. Guaranteed Survivor Income Benefit (GSIB) This rider allows beneficiaries to receive death benefit proceeds in the form of enhanced monthly income instead of, or in combination with, a lump sum. Overloan Protection Rider (OPR) is designed to prevent a policy from lapsing when large loans are taken out. This rider provides a guaranteed paid up death benefit with the face amount of the benefit reduced by the amount of the loan. 6 Availability of riders may be limited. Not all riders are available in all states. Additional riders may be made available from time to time. Your financial professional can review the available riders with you. There may be an additional charge for optional riders. 7 At the policy anniversary on which the insured reaches the maximum Coverage Continuation Benefit (CCB) guarantee age, the CCB will terminate (assuming that it was still active). At that time, the annually increasing premium required to keep the policy in force will be based on the MetLife Ultimate Charge Guarantee and current interest crediting rate. The policy will remain in force if either there is sufficient net cash surrender value to pay the policy charges on each monthly due date or sufficient premiums are paid. Otherwise, the policy will lapse. The CCB termination date varies by issue age. 4

7 For injury, disability, or terminal illness Acceleration of Death Benefit Rider (ADBR) makes all or a portion of the death benefit available to the owner after the insured has been determined to be terminally ill with 12 months (24 months in some states) or less to live. This rider provides the policy owner with access to the greater of $250,000 or 10% of the eligible death benefit proceeds while the insured is still alive. There is no cost for this rider until it is exercised. Any benefits received under this rider may adversely affect the recipient s eligibility for public assistance programs, and the benefits received under this rider may be taxable. Waiver of Specified Premium (WSP) rider helps pay the policy premiums should the insured become totally disabled. Premiums are credited for the amount specified in the rider and continue as long as the insured is disabled, as defined by the rider, and benefits are payable. 8 METLIFE SECURE FLEX UL has been designed with your needs in mind, delivering flexible coverage. Your financial professional can work with you to determine if these benefits are right for you. 8 Payments made under the Waiver of Specified Premium rider are not guaranteed to keep the policy in force. 5

8 Descriptions of the policy features and options are only partial; for complete details and limitations ask to see a specimen policy or rider. The Coverage Continuation Benefit (CCB) guarantees that the policy will remain in force, as long as the required premiums are paid, until the end of the elected guarantee period, but no later than age 90. The CCB termination date varies by issue age. Policy changes, withdrawals, or loans not accounted for at the time the CCB premium was determined may affect the CCB guarantee s duration or cause the policy to lapse. If the CCB terminates, the policy will stay in force as long as either its cash value is sufficient to pay for the policy s monthly charges or a premium payment sufficient to pay those charges is made within the policy s grace period. The CCB does not guarantee the policy s cash value. If only the premium to maintain the CCB guarantee is paid, the policy cash value could become a negative amount. In that situation, the monthly deductions for policy charges will be accumulated without interest. This amount must be repaid before any cash value can be accumulated. At the policy anniversary on which the insured reaches the maximum Coverage Continuation Benefit guarantee age, the CCB will terminate (assuming that it was still active). At that time, the annually increasing premium required to keep the policy in force will be based on the MetLife Ultimate Charge Guarantee and current interest crediting rate. The policy will remain in force if either there is sufficient net cash surrender value to pay the policy charges on each monthly due date or sufficient premiums are paid. Otherwise, the policy will lapse. The CCB termination date varies by issue age. The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of insurance products. You should seek advice based on your particular circumstances from an independent tax advisor since any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation. MetLife, its agents, and representatives may not give legal, tax or accounting advice and this document should not be construed as such. You should confer with your qualified legal, tax and accounting advisors as appropriate. Like most insurance policies, MetLife s policies contain charges, limitations, exclusions, termination provisions and terms for keeping them in force. Contact your financial representative for costs and complete details. Life insurance is medically underwritten. You should not cancel your current coverage until your new coverage is in force. Surrender charges may be due on an exchange of one contract for another. A change in policy may require a medical examination. Surrenders may be taxable. You should consult your own tax advisors regarding tax liability on surrenders. MetLife Secure Flex Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form 5E and in New York only by Metropolitan Life Insurance Company on Policy Form 1E NY. All product guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Life Insurance Products: Not a Deposit Not FDIC-Insured Not Insured By Any Federal Government Agency Not Guaranteed By Any Bank Or Credit Union May Go Down In Value MetLife Investors USA Insurance Company North Community House Road Charlotte, NC Metropolitan Life Insurance Company 200 Park Avenue New York, NY metlife.com CLUL23867 L [0715] 2014 METLIFE, INC. PEANUTS 2014 Peanuts Worldwide LLC