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Reviews · SPIA

MetLife Guaranteed Income Program

A single premium immediate annuity offered by MetLife, primarily through institutional and retirement plan distribution.

Carrier
MetLife
Product type
SPIA
A.M. Best
A+
Last reviewed
2026-05-10

Positioning

MetLife SPIA designed for income generation from retirement assets. Available with multiple payout structures.

Contract terms at a glance

Surrender period
N/A (income product)
Free withdrawal
Generally not applicable
Premium minimum
$10,000
Premium maximum
Per carrier underwriting

Riders

  • Cost-of-living adjustment (optional)
  • Joint and survivor
  • Period certain features

Best fit

  • Consumers using SPIA income to cover essential expenses
  • Buyers comparing MetLife quotes against other major carriers

What to watch for

  • SPIAs are generally irrevocable after the free look period
  • MetLife retail annuity distribution is more limited following the Brighthouse spinoff in 2017
Verify on the carrier rate card

Cap rates, participation rates, rider charges, and surrender schedules change frequently. Before purchase, request and verify the following from the carrier or producer:

  • Current quoted monthly income for the chosen payout type, age, sex, and premium
  • Availability through the consumer's preferred distribution channel
  • Payout type and refund feature combinations

How to verify and source current information

  • Current rate card and product brochure: MetLife direct or through a licensed independent producer.
  • Statement of understanding (annuity contract disclosure document).
  • For variable and indexed variable annuities: the SEC-registered prospectus (search EDGAR).
  • Carrier financial strength ratings: A.M. Best, S&P Global Ratings, Moody's, Fitch.
  • NAIC carrier search and statutory filings: content.naic.org.
  • IRS Publication 575 (Pension and Annuity Income) for taxation: IRS Pub 575.
Compliance note

AnnuityMatchPro does not endorse, recommend, or sell the MetLife Guaranteed Income Program. This review is informational. Product features, surrender schedules, caps, participation rates, and rider charges vary by issue date, state, and underwriting. Confirm specific terms with the carrier or a licensed advisor before purchase. AnnuityMatchPro is not a registered investment adviser and is not a licensed insurance agency.

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