METLIFE TO PROVIDE ANNUITY BENEFITS TO 13,500 LOCKHEED …

Jan 26, 2021 · MetLife, Inc. announced today that its subsidiary, Metropolitan Tower Life Insurance Company, has entered into an agreement with Lockheed Martin Corporation (NYSE: LMT) to provide annuity benefits to approximately 13,500 retirees and beneficiaries in …

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Lockheed Martin Shifts $1.4B Of Pension Obligations To MetLife ...

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Jan 26, 2021 · Under the agreement, the MetLife Inc. subsidiary will provide annuity benefits to approximately 13,500 retirees and beneficiaries in the security and aerospace company's …

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MetLife In Pact With Lockheed On $1.4B In Pension Obligations

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Jan 26, 2021 · MetLife Inc. in agreement with Lockheed Martin Corp. to provide annuity benefits to ~13,500 retirees and beneficiaries in company’s defined benefit pension plans, representing …

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FAQs about METLIFE TO PROVIDE ANNUITY BENEFITS TO 13,500 LOCKHEED … Coupon?

Does Lockheed Martin have a pension risk transfer agreement with MetLife?

No action is needed by retirees or beneficiaries. Lockheed Martin and MetLife will provide details to retired participants and beneficiaries whose ongoing payments will be made by Metropolitan Tower Life Insurance Company. This is the second pension risk transfer transaction Lockheed Martin has signed with MetLife. ...

Who is MetLife insurance?

MetLife, through Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company, is a market leader in the pension risk transfer industry, managing benefit payments of approximately $3 billion a year for about 720,000 annuitants. ...

When did MetLife start offering group annuities?

Metropolitan Life Insurance Company issued its first group annuity contract in 1921 to fund a defined benefit plan. MetLife’s Retirement & Income Solutions Customer Solutions Center team has been recognized by J.D. Power for providing "An Outstanding Customer Service Experience" for the Live Phone Channel. ...

Where can I find information about the MetLife annuity?

This site provides information for MetLife annuity and life products, including portfolio information for current annuity contract holders, such as fund fact sheets and regulatory documents. Performance reports and prospectuses are also available. ...

Does Metropolitan Tower Life Insurance Company make monthly payments?

Metropolitan Tower Life Insurance Company, rather than Lockheed Martin, will be responsible for making these monthly payments. No action is needed by retirees or beneficiaries. Lockheed Martin and MetLife will provide details to retired participants and beneficiaries whose ongoing payments will be made by Metropolitan Tower Life Insurance Company. ...

Does MetLife offer a Pension Risk Transfer (PRT)?

“MetLife is a leading pension risk transfer (PRT) provider. By taking on these pension obligations, we will help Lockheed Martin provide its retirees and beneficiaries with financial security.” The PRT market rebounded in the second half of 2020 and MetLife expects to see this trend continue in 2021. ...