17.75 in. Prospectuses for Equity Advantage Variable Universal Life, and for the investment portfolios offered thereunder, are available from MetLife. The policy prospectus contains information about the policy s features, risks, charges and expenses. Investors should consider the investment objectives, risks, charges, expenses of the investment company carefully before investing. The investment objectives, risks, and policies of the investment options, as well as other information about the investment options, are described in their respective prospectuses. You should read each applicable prospectus thoroughly and consider this information carefully before investing. Product availability and features may vary by state. MetLife life insurance policies have limitations, exclusions, charges, termination provisions and terms for keeping them in force. There is no guarantee that any of the variable investment options in this product will meet its stated goals or objectives. The cash value is subject to market fluctuations so that, when withdrawn, it may be worth more or less than its original value. Guarantees are subject to the claims paying ability and financial strength of the issuing insurance company. Pursuant to IRS Circular 230, MetLife is providing you with the following notification: 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 from an independent tax advisor based on your particular circumstances. 11 in. MetLife, its agents and representatives may not give tax or legal advice. Any discussion of taxes herein or related to this document is for general information purposes only and does not purport to be complete or cover every situation. Tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary. You should consult with and rely on your own independent legal and tax advisors regarding your particular set of facts and circumstances. Guarantee Advantage Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form Series 1E-34-07-NY. Legacy Advantage Survivorship Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form Series 5E-32-05 and in New York only by Metropolitan Life Insurance Company on Policy Form Series 1E-32-05-NY. Equity Advantage Variable Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form Series 5E-46-06 and in New York only by Metropolitan Life Insurance Company on Policy Form Series 1E-46-06-NY-1. Whole Life is issued by Metropolitan Life Insurance Company on Policy Form Series 8-90(08). MetLife Promise Whole Life is issued by MetLife Investors USA Insurance Company on Policy Form 5E-12-10 and in New York only by Metropolitan Life Insurance Company on Policy Form 1E-12-10-NY. Guaranteed Level Term is issued by MetLife Investors USA Insurance Company on Policy Form Series 5E-21-04 and in New York only by First MetLife Investors Insurance Company on Policy Form Series 5E-21-04-NY. All are MetLife companies. Variable products are distributed by MetLife Investors Distribution Company. Variable products are offered through MetLife Securities, Inc. and New England Securities Corporation; both at 1095 Avenue of the Americas, New York, NY 10036 (member FINRA/SIPC). October 2011 16 in. Insurance Products Are: 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 Distribution Company MetLife Investors USA Insurance Company 5 Park Plaza, Suite 1900, Irvine, CA 92614 Metropolitan Life Insurance Company First MetLife Investors Insurance Company 200 Park Avenue New York, NY 10166 metlife.com Executive Bonus Recruit, Reward and Retain Your Best Employees 1109-3592 CLVL21971 L1011214294[1013] 2011 METLIFE, INC. Please work with your financial professional to learn more about MetLife s Core Stories for Life..5 in. RADIUS CORNER 5 in..75 in.
Life. your way Strive to live your dream and plan for the if in life. Discover the flexibility of life insurance protect, accumulate and transfer wealth now and in the future. Be free to live life, your way.
WHAT IS AN EXECUTIVE BONUS PLAN? ARE YOU LOOKING FOR AN EFFICIENT WAY TO RECRUIT, REWARD AND RETAIN KEY EMPLOYEES? CONSIDER AN EXECUTIVE BONUS PLAN IT S ONE OF THE SIMPLEST NON-QUALIFIED?PLANS AVAILABLE TODAY. An Executive Bonus Plan allows the employer to pay a bonus, or salary increase, to selected employees subject to reasonable compensation guidelines. Each employee covered by the plan then uses the bonus money to purchase life insurance on his or her own life. Alternatively, the bonus may be in the form of premiums paid directly to the insurance carrier on the executive s behalf. Employees must pay income tax on the bonus; however, the employer can write another bonus check to cover a significant portion of the income tax liability. Each bonus given will incur additional income tax to the recipient. The employee is the owner and insured of the policy, so neither the employer nor any of its creditors will have any control over the policy s cash value. The employer, however, may elect to restrict the executive s access to the cash value through a special policy endorsement commonly referred to as golden handcuffs. Cash value access would therefore be contingent upon the employee reaching some specific performance goals, tenure requirements or both. Why Choose Life Insurance for an Executive Bonus? Many business owners and their employees would assume that the most desirable bonus would be cash. Certainly, if you ask an executive how he or she would like to receive their bonus that would clearly be the preferred method. Unfortunately, the reality is that cash bonuses over time often cease to be viewed by the executive as a benefit and become just another part of their overall compensation. Typically, cash bonuses are spent on vacations, home renovations or debt repayment and much less commonly on benefits for the family s financial future or their own retirement savings. If you are a business owner who considers your executives members of your family and views their families as your extended family, wouldn t it be more attractive to help them purchase something to truly benefit their family in the long term that they are unlikely to purchase for themselves? Life insurance is a flexible product that offers death benefit protection and may also offer an opportunity for the policyowner to save for his or her own future, a perfect match for an employee benefit. 1 With respect to a 162 Executive Bonus Plan that contains restrictions on access or Golden Handcuffs, the employer should consult with and rely on independent legal and tax advisers regarding whether such executive bonus plan may be considered to be a welfare benefit plan under ERISA and if so, what requirements must be met. 1
WHY WOULD YOU WANT AN EXECUTIVE BONUS PLAN? An Executive Benefit Plan is a win-win for everyone I can keep and attract top talent while rewarding them for their contributions to my company s success. I also feel like I am doing something positive for my most valuable employees and their families. THE CONCERN THE SOLUTION THE BENEFIT Successful employers are always concerned about positioning their companies for future growth and expansion. It s no secret that an outstanding executive team and an exceptional benefits package can help foster a successful environment. However, limits placed upon qualified retirement plan contributions often negatively impact higher salaried executives, thus adversely affecting their total benefits package. With these executives driving the company s success, many employers would like to establish an effective compensation plan that helps recruit, reward and retain key employees. One possible executive benefit planning technique is the Executive Bonus Plan. With this strategy, the employer provides cash bonuses to key executives that can be used to purchase a life insurance policy, or may pay premiums directly to the carrier on behalf of the employee. These bonuses are treated as taxable income to the executive; however, the employer can also offer executives a double bonus to help offset the income tax associated with the bonus. The life insurance policy is designed to provide key employees with a survivor benefit in the event of death and may also provide a tax free source of potential cash accumulation for future retirement income. 2 FOR THE EMPLOYER: Helps recruit and retain top talent by offering an executive benefit program Allows the employer to help provide valuable protection to the executive s loved ones by way of the life insurance death benefit Enables the employer to reward highly paid employees by giving them an additional savings vehicle beyond the limits of a traditional qualified plan Offers a cost-effective plan that is simpler to implement and easier to administer than a non-qualified deferred compensation arrangement Allows bonus payments to be treated as a tax-deductible compensation expense Gives employers the flexibility to include a single executive or a group of key executives without violating the anti-discrimination provisions associated with traditional qualified retirement plans
A note about life insurance distributions: Distributions are generally treated first as a 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 a 10% penalty may apply if taken prior to age 59½. Always confirm the status of a particular loan or withdrawal with a qualified tax advisor. Cash value accumulation may not be guaranteed depending on the type of product selected. Investments in variable life insurance are subject to market risk, including loss of principal. THE BENEFIT FOR THE EMPLOYEE: Rewards and recognizes key executives for their hard work and dedication Provides an income tax free survivor benefit to protect loved ones 2 2 Proceeds from a life insurance policy paid because of the death of the insured are generally excludable from the beneficiaries gross income for Federal Income tax purposes. 3 If waiver of premium rider is included, in the event the insured becomes permanently disabled, the insurer will take over all premium payments and keep the policy in-force. This provision may be added to a MetLife policy with a rider for an additional charge. Certain age and state availability restrictions may apply. State variations may apply. Please speak with your insurance professional for further details. Allows executives to own personal policies where the executive has control over the policy, its cash surrender value and designated beneficiaries; and removes the policy from the reach of corporate creditors Life insurance has cash value with tax deferred accumulation potential which can help address reverse discrimination issues associated with qualified plans If properly structured, provides the potential for supplemental retirement income which is generally tax free The double bonus strategy can help eliminate any outof-pocket expenses The bonus plan becomes self-completing in the event the executive becomes disabled 3 3
Core Stories for the ifs in Life. There are concepts that focus on helping you or your business: Create financial protection for your family Grow equity to help preserve your lifestyle, and Leave a legacy to the ones you love This material is part of a series of financial strategies using life insurance named Core Stories for Life. These materials are designed to aid you and your financial professional in understanding the benefits of life insurance as a key financial asset within your overall portfolio. Life insurance is a flexible product that offers death benefit protection and may also offer an opportunity to save for your own future. Evaluating all available financial opportunities may help you reach your financial goals. Life insurance is one of those opportunities providing protection for today and helping prepare for tomorrow. 4
17.75 in. Prospectuses for Equity Advantage Variable Universal Life, and for the investment portfolios offered thereunder, are available from MetLife. The policy prospectus contains information about the policy s features, risks, charges and expenses. Investors should consider the investment objectives, risks, charges, expenses of the investment company carefully before investing. The investment objectives, risks, and policies of the investment options, as well as other information about the investment options, are described in their respective prospectuses. You should read each applicable prospectus thoroughly and consider this information carefully before investing. Product availability and features may vary by state. MetLife life insurance policies have limitations, exclusions, charges, termination provisions and terms for keeping them in force. There is no guarantee that any of the variable investment options in this product will meet its stated goals or objectives. The cash value is subject to market fluctuations so that, when withdrawn, it may be worth more or less than its original value. Guarantees are subject to the claims paying ability and financial strength of the issuing insurance company. Pursuant to IRS Circular 230, MetLife is providing you with the following notification: 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 from an independent tax advisor based on your particular circumstances. 11 in. MetLife, its agents and representatives may not give tax or legal advice. Any discussion of taxes herein or related to this document is for general information purposes only and does not purport to be complete or cover every situation. Tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary. You should consult with and rely on your own independent legal and tax advisors regarding your particular set of facts and circumstances. Guarantee Advantage Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form Series 1E-34-07-NY. Legacy Advantage Survivorship Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form Series 5E-32-05 and in New York only by Metropolitan Life Insurance Company on Policy Form Series 1E-32-05-NY. Equity Advantage Variable Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form Series 5E-46-06 and in New York only by Metropolitan Life Insurance Company on Policy Form Series 1E-46-06-NY-1. Whole Life is issued by Metropolitan Life Insurance Company on Policy Form Series 8-90(08). MetLife Promise Whole Life is issued by MetLife Investors USA Insurance Company on Policy Form 5E-12-10 and in New York only by Metropolitan Life Insurance Company on Policy Form 1E-12-10-NY. Guaranteed Level Term is issued by MetLife Investors USA Insurance Company on Policy Form Series 5E-21-04 and in New York only by First MetLife Investors Insurance Company on Policy Form Series 5E-21-04-NY. All are MetLife companies. Variable products are distributed by MetLife Investors Distribution Company. Variable products are offered through MetLife Securities, Inc. and New England Securities Corporation; both at 1095 Avenue of the Americas, New York, NY 10036 (member FINRA/SIPC). October 2011 Insurance Products Are: 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 Metropolitan Life Insurance Company First MetLife Investors Insurance Company 200 Park Avenue New York, NY 10166 metlife.com 16 in. MetLife Investors Distribution Company MetLife Investors USA Insurance Company 5 Park Plaza, Suite 1900, Irvine, CA 92614 Executive Bonus Recruit, Reward and Retain Your Best Employees 1109-3592 CLVL21971 L1011214294[1013] 2011 METLIFE, INC. Please work with your financial professional to learn more about MetLife s Core Stories for Life. 5 in..5 in. RADIUS CORNER.75 in.
17.75 in. Prospectuses for Equity Advantage Variable Universal Life, and for the investment portfolios offered thereunder, are available from MetLife. The policy prospectus contains information about the policy s features, risks, charges and expenses. Investors should consider the investment objectives, risks, charges, expenses of the investment company carefully before investing. The investment objectives, risks, and policies of the investment options, as well as other information about the investment options, are described in their respective prospectuses. You should read each applicable prospectus thoroughly and consider this information carefully before investing. Product availability and features may vary by state. MetLife life insurance policies have limitations, exclusions, charges, termination provisions and terms for keeping them in force. There is no guarantee that any of the variable investment options in this product will meet its stated goals or objectives. The cash value is subject to market fluctuations so that, when withdrawn, it may be worth more or less than its original value. Guarantees are subject to the claims paying ability and financial strength of the issuing insurance company. Pursuant to IRS Circular 230, MetLife is providing you with the following notification: 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 from an independent tax advisor based on your particular circumstances. 11 in. MetLife, its agents and representatives may not give tax or legal advice. Any discussion of taxes herein or related to this document is for general information purposes only and does not purport to be complete or cover every situation. Tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary. You should consult with and rely on your own independent legal and tax advisors regarding your particular set of facts and circumstances. Guarantee Advantage Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form Series 1E-34-07-NY. Legacy Advantage Survivorship Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form Series 5E-32-05 and in New York only by Metropolitan Life Insurance Company on Policy Form Series 1E-32-05-NY. Equity Advantage Variable Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form Series 5E-46-06 and in New York only by Metropolitan Life Insurance Company on Policy Form Series 1E-46-06-NY-1. Whole Life is issued by Metropolitan Life Insurance Company on Policy Form Series 8-90(08). MetLife Promise Whole Life is issued by MetLife Investors USA Insurance Company on Policy Form 5E-12-10 and in New York only by Metropolitan Life Insurance Company on Policy Form 1E-12-10-NY. Guaranteed Level Term is issued by MetLife Investors USA Insurance Company on Policy Form Series 5E-21-04 and in New York only by First MetLife Investors Insurance Company on Policy Form Series 5E-21-04-NY. All are MetLife companies. Variable products are distributed by MetLife Investors Distribution Company. Variable products are offered through MetLife Securities, Inc. and New England Securities Corporation; both at 1095 Avenue of the Americas, New York, NY 10036 (member FINRA/SIPC). October 2011 16 in. Insurance Products Are: 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 Distribution Company MetLife Investors USA Insurance Company 5 Park Plaza, Suite 1900, Irvine, CA 92614 Metropolitan Life Insurance Company First MetLife Investors Insurance Company 200 Park Avenue New York, NY 10166 metlife.com Executive Bonus Recruit, Reward and Retain Your Best Employees 1109-3592 CLVL21971 L1011214294[1013] 2011 METLIFE, INC. Please work with your financial professional to learn more about MetLife s Core Stories for Life..5 in. RADIUS CORNER 5 in..75 in.