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MetLife hikes unit-linked income deferral rate following adviser demand

MetLife has hiked the income deferral rate on its unit-linked guarantee product from 3.5 per cent to 4.25 per cent in response to demand from advisers.

The change means clients will receive an extra 0.75 per cent in guaranteed minimum income for every year they defer taking income from the product.

The provider has also reduced its minimum capital guarantee term – which allows the customer to protect the value of their original investment – from ten years to eight years.

MetLife UK managing director Dominic Grinstead says: “We constantly monitor the market and respond with product enhancements which reflect client and adviser demands for more freedom and certainty.

“The strong demand for guarantees has enabled us to increase deferred income rates to 4.25 per cent and to offer the shortest capital guarantee terms in line with market conditions.”

Guarantee charges on the capital guarantee range from 0.35 per cent to 1.95 per cent, while on the income guarantee product the range between 0.95 per cent and 1.2 per cent.


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