MetLife offers individuals shield level selector, variable, fixed and income annuities, according to its website. Each annuity contains enforcement terms, termination provisions, holding periods, exclusions, limitations and charges.
The shield level selector annuity gives an individual the freedom to personalize his retirement strategy while protecting retirement assets with terms of one, three or six years, explains MetLife. A variable annuity offers the ability to make instant withdrawals without losing the optional benefit. A fixed annuity ensures that the principal is safe with the option of converting the assets into fixed income payments for life. Income annuities offer immediate predictable income without the market risk.