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.

MetLife designed the new riders to offer clients flexible benefits. The GMIB Max and EDB Max give clients 6 percent compounded growth and 6 percent withdrawals per year of the benefit base and the same real-life flexibility as MetLife’s popular GMIB Plus and Enhanced Death Benefit riders, both of which will continue to be offered. Clients can adapt to changing circumstances by starting and stopping withdrawals at any time without losing the compounding feature. The riders also provide flexibility and choice for surviving spouses.