MetLife Inc. and Fidelity Investments have teamed up to producea new deferred variable annuity that provides a principalprotection guarantee.
The new VA, the MetLife Accumulation Annuity, provides investorsboth growth potential and protection against loss if held for aminimum of 10 years, according to the companies. The principalprotection guarantee is backed by MetLife and, of course, carrieswith it specific terms, exclusions and limitations.
The guarantee is aimed at getting annuity owners to find andthen stick to the appropriate asset allocation without worryingthat they will lose their principal — something that's all tooeasily done, particularly in a volatile market, when investors areeither afraid to stick with their choices or try to time themarket, doing neither very successfully.
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