The Benefits of Your

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The Benefits of Your Deferred Compensation Plan
Insurance and annuities issued by Metropolitan
Life Insurance Company, New York, NY 10166, and
distributed by MetLife Investors Distribution
Company (member NASD), Irvine, CA 92614.
Securities, including variable products, offered
through MetLife Securities, Inc. (member
NASD/SIPC), New York, NY 10166. Metropolitan Life
Insurance Company, MetLife Investors Distribution
Company, and MetLife Securities, Inc. are
affiliates. MetLife Resources is a division of
Metropolitan Life Insurance Company, 200 Park
Ave., New York, NY 10166
E0706LKA2(exp1207)MLR-LD
MLR19000544024
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Deferred Compensation Plan (DCP)

• IRC Section 457(b)
• State or local government employers
• Personal retirement savings
• Reduce current federal income tax
• Can reduce state income tax where state law so
  provides
• Increase retirement savings

Other tax-exempt employers are also eligible
but a few of the federal tax rules for their
plans differ from those applicable to state and
local government employer plans.
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DCP Tax Deferral

• Reduce current income tax
• No current Federal income tax on amounts
  contributed
• Before-tax contributions might help you save more
  than on an after-tax basis
• Any earnings are tax-deferred until withdrawn
• Convenient automatic payroll deduction

Any distribution is taxed as ordinary income
when received.
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DCP Rules

• Contribution limit of 100 pre-DCP salary or
  15,500 (20,500 if age 50 or older) for 2007,
  whichever is less
• Deducted from your paycheck
• Generally no 10 penalty tax on a pre-59½
  distribution

Withdrawn amounts are subject to ordinary income
tax. A higher limit may apply to certain
eligible participants check with your Plan
Administrator
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Tax Credit for Low-Income Retirement Savers

• 401(k), 403(b), 457(b) government, IRA, 401(a)
  after-tax, 501(c) (18)
• 50, 20, or 10 of first 2,000 in contributions
  withdrawals count against contributions
• Credit percentage depends on amount of income
• Ineligible for 2007 if Aggregate Gross Income
  (AGI) gt 52,000 (joint return) 39,000 (head
  of household) 26,000 (single)

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Phase in of Increases in Retirement Savings Limits
2007 2008 2009 2010 IRAs 4,000 5,000 5,0
00 5,000 Age 50 Older 5,000 6,000 6,000
6,000 457(b),403(b and 401(k) 15,500 15,
500 15,500 15,500 Age 50
Older 20,500 20,500 20,500 20,500
Subject to indexing for inflation
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You can Increase Your Retirement Savings
The advantage of before-tax savings
This example assumes a hypothetical income tax
rate of 15. The amount of pre-tax dollars that
may be contributed to retirement programs is
subject to restrictions. This illustration is
not based on any investment product. If you are
contributing after tax amounts to a savings
program, any earnings on such amounts must be
reported currently as gross income for federal
income tax purposes. However, If you contribute
on a tax deferred basis to a retirement program,
your contributions and any earnings are not
included in your gross income until they are
distributed or made available. Distributions from
an annuity contract are taxed as ordinary income
when received. The federal income tax law
generally prohibits withdrawals from a 457(b)
plan prior to age 70 1/2 ( subject to certain
exceptions). Where permitted, withdrawals prior
to age 59 1/2 may be subject to 10 federal
penalty tax in addition to ordinary income tax
but this penalty tax does not generally apply to
457(b) plan distributions.. Consult your tax
advisor
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Increase Retirement Savings
Your retirement savings can enjoy tax deferred
growth while in your tax sheltered annuity
contract
The tax rate used in this chart is a hypothetical
tax rate as it might apply to ones marginal
taxable income after taking into consideration
other income tax owed in a given year. Your
actual income tax in a given year may be higher
or lower and will vary from year to year
depending on your income level, sources and types
of income, tax deductions, tax return filing
status, tax credits, state income taxes,
applicability of Alternative Minimum Tax (AMT),
and other factors that affect your tax rate. Tax
laws are subject to change. The illustration
assumes a hypothetical federal income tax bracket
of 15 for currently taxable account withdrawals
made annually to pay taxes on any earnings.
Please check with your tax advisor for details
specific to your situation. Distributions from
the 457(b) plan will be subject to ordinary
income tax in the year made and are not eligible
for the lower maximum tax rate that applies to
long term capital gains and eligible dividends.
Additionally, a 10 federal penalty tax ( subject
to certain exceptions) can apply to withdrawals
prior to age 59-1/2 although such penalty tax
does not generally apply to 457(b) plan
distributions. This example assumes a 6 growth
rate.
510,962 vs. 433,019
Year 5 10 15 20 30 40 TSA
Program- Before-Tax Savings(118 per
pay) 17,866 41,973 74,504 118,401 257,564 5
10,962 After-Tax Savings(100 per
pay) 15,140 35,571 63,139 100,340 218,275 4
33,019

No specific reference to any product or MetLife
product is intended
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Distribution Restrictions

• Attainment of age 70½
• When else is a distribution from a 457(b) Plan
  available?
• Severance from employment
• Distribution allowances
• Unforeseeable emergency involving a severe
  financial hardship

Subject to the employers plan rules specified
in the plan documents
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Severance from Employment

• Can receive a distribution
• Can delay distribution up to April 1 of the
  calendar year after you attain age 70½ when
  required minimum distributions (RMDs) generally
  must begin.
• However, if you continue working after the
  calendar year you attain age 70 1/2 RMDs can be
  deferred until April 1 of the calendar year after
  your retirement.
• Can roll over your retirement savings into an
  eligible retirement plan (including an IRA) and
  maintain the income tax deferral.
• Rollover is also an option once you attain age 70
  1/2 even if you continue working for your
  employer but any RMDs are not eligible for
  rollover.

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Catch-Up Provision

• Catch-Up for contributions you were eligible to
  make in the past, but did not
• For one or more of the last three years before
  your normal retirement age under the plan
• Up to double the normal specific dollar amount
  deferral ceiling--31,000 (2007), but can't
  exceed the sum of 1.) the current year deferral
  limit without regard to the catch-up plus 2.) the
  amount of the deferral limit for prior years that
  has not previously been utilized
• Can not use age 50 extra deferral in the same
  year as this catch-up

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Other Retirement Savings Options

• IRAs
• Traditional IRA
• Roth IRA
• After-Tax Annuities
• One time or flexible contributions
• Tax-deferred earnings

The portion of a distribution that reflects
amounts other than your previously-taxed
contributions is taxed as ordinary income. A
distribution before your age 59½ might incur an
additional 10 penalty tax on the income
portion. There are limitations on contributions
to IRAs.
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Plan Benefits

• MetLife Financial Services Representative can
  provide on-site one-on-one counseling
• A variety of funding options
• Interactive Voice Response System (VRS) and Web
  site access

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Planning for Retirement, and the Rest of Your Life

• Helping you meet your retirement goals by
  ensuring that you save what you should, protect
  what you have, and access it wisely
• Focuses on three primary areas
• Asset accumulation
• Asset protection
• Asset distribution

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Asset Accumulation

• Before-tax retirement savings lt(DCP, 403(b) and
  IRAs)gtif applicable
• Mutual funds
• ltCollege savingsgt if applicable
• ltAfter-tax annuitiesgt if applicable

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Asset Protection ltif applicablegt

• Life Insurance
• Long-Term Care Insurance

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Asset Distribution

• Tax concerns
• Outliving inflation
• Survivor needs

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Planning for Retirement, and the Rest of Your Life

• Work personally with a MetLife Financial Services
  Representative
• Identify goals and objectives
• Examine time horizon and risk tolerance

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Yes, I am Interested!

• MetLife Financial Services Representatives are
  available now
• Benefits of your deferred compensation plan
• Options regarding your current deferred
  compensation plan

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• Please see your registered representative of
  MetLife Resources for a prospectus for
• each mutual fund and variable annuity in the
  plan. Please carefully consider the
• products features, risks, charges and expenses,
  and the investment objectives
• and policies of the underlying portfolios, as
  well as other information about underlying
• funding choices. This and other information is
  available in the prospectus,
• which you should read carefully before making
  purchases and allocations.
• Investment return and principal value will
  fluctuate with changes in market
• conditions such that shares and unit values may
  be worth more or less than
• the original cost, when redeemed.
  Diversification cannot eliminate the risk of
• investment loss. The amounts allocated to the
  variable investment options of your
• account balance are subject to market
  fluctuations so that, when withdrawn or
• annuitized it may be worth more or less than its
  original value.
• Product availability and features may vary by
  state. All product guarantees are based
• on the financial strength and claims-paying
  ability of the issuing insurance company
• Metropolitan Life Insurance Company.

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• Like most insurance policies and annuity
  contracts, MetLifes policies
• and contracts contain exclusions,limitations,
  reduction of benefits,
• surrender charges and terms for keeping them in
  force. For costs and
• complete details, please see your Financial
  Services Representative.
• The plan information contained in this
  presentation is general in nature
• and is meant for informational purposes only.

Insurance and annuities issued by
Metropolitan Life Insurance Company, New York, NY
10166, and distributed by MetLife Investors
Distribution Company (member NASD), Irvine, CA
92614. Securities, including variable products,
offered through MetLife Securities, Inc. (member
NASD/SIPC), New York, NY 10166. Metropolitan Life
Insurance Company, MetLife Investors Distribution
Company, and MetLife Securities, Inc. are
affiliates.
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• Pursuant to IRS Circular 230, MetLife is
  providing you with the following notification
  The information contained in this document is not
  intended to (and cannot) be used by anyone to
  avoid IRS penalties. This document supports the
  promotion and marketing of insurance products.
  You should seek advice based on your particular
  circumstances from an independent tax advisor.
• MetLife, its agents, and representatives may
  not give legal or tax advice. Any discussion of
  taxes herein or related to this document is for
  general information purposes only and does not
  purport to be complete or cover every situation.
  Tax law is subject to interpretation and
  legislative change. Tax results and the
  appropriateness of any product for any specific
  taxpayer may vary depending on the facts and
  circumstances. You should consult with and rely
  on your own independent legal and tax advisers
  regarding your particular set of facts and
  circumstances.

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Questions?