MetLife 2009 Annual Report Download - page 167
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Information regarding the types of guarantees relating to annuity contracts and universal and variable life contracts is as follows:
In the
Event of Death At
Annuitization In the
Event of Death At
Annuitization
2009 2008
December 31,
(In millions)
Annuity Contracts(1)
Return of Net Deposits
Separateaccountvalue........................ $ 24,747 N/A $ 15,882 N/A
Netamountatrisk(2).......................... $ 1,531(3) N/A $ 4,384(3) N/A
Averageattainedageofcontractholders ............. 62years N/A 62years N/A
Anniversary Contract Value or Minimum Return
Separateaccountvalue........................ $ 78,808 $ 40,234 $ 62,345 $ 24,328
Netamountatrisk(2).......................... $ 9,039(3) $ 7,361(4) $ 18,637(3) $ 11,312(4)
Averageattainedageofcontractholders ............. 61years 61years 60years 61years
Two Tier Annuities
Generalaccountvalue......................... N/A $ 282 N/A $ 283
Netamountatrisk(2).......................... N/A $ 50(5) N/A $ 50(5)
Averageattainedageofcontractholders ............. N/A 61years N/A 60years
Secondary
Guarantees Paid-Up
Guarantees Secondary
Guarantees Paid-Up
Guarantees
2009 2008
December 31,
(In millions)
Universal and Variable Life Contracts(1)
Account value (general and separate account) . . . . . . . . . $ 9,483 $ 4,104 $ 7,825 $ 4,135
Net amount at risk(2) . . . . . . . . . . . . . . . . . . . . . . . . . . $150,905 (3) $ 28,826 (3) $145,927 (3) $ 31,274 (3)
Averageattainedageofpolicyholders............... 52years 57years 50years 56years
(1) The Company’s annuity and life contracts with guarantees may offer more than one type of guarantee in each contract. Therefore, the
amounts listed above may not be mutually exclusive.
(2) The net amount at risk is based on the direct amount at risk (excluding reinsurance).
(3) The net amount at risk for guarantees of amounts in the event of death is defined as the current GMDB in excess of the current account
balance at the balance sheet date.
(4) The net amount at risk for guarantees of amounts at annuitization is defined as the present value of the minimum guaranteed annuity
payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account
balance.
(5) The net amount at risk for two tier annuities is based on the excess of the upper tier, adjusted for a profit margin, less the lower tier.
F-83MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)