MetLife 2009 Annual Report Download - page 168
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Information regarding the liabilities for guarantees (excluding base policy liabilities) relating to annuity and universal and variable life
contracts is as follows:
Guaranteed
Death
Benefits
Guaranteed
Annuitization
Benefits Secondary
Guarantees Paid-Up
Guarantees Total
Annuity Contracts Universal and Variable
Life Contracts
(In millions)
Direct
Balance,atJanuary1,2007 ................. $ 60 $ 39 $ 95 $108 $ 302
Incurredguaranteedbenefits................ 28 39 57 13 137
Paidguaranteedbenefits .................. (8) — — — (8)
Balance, at December 31, 2007 . . . . . . . . . . . . . . . 80 78 152 121 431
Incurred guaranteed benefits . . . . . . . . . . . . . . . . 267 325 119 19 730
Paidguaranteedbenefits .................. (96) — — — (96)
Balance, at December 31, 2008 . . . . . . . . . . . . . . . 251 403 271 140 1,065
Incurredguaranteedbenefits................ 118 (1) 233 34 384
Paidguaranteedbenefits .................. (201) — — — (201)
Balance, at December 31, 2009 . . . . . . . . . . . . . . . $ 168 $402 $504 $174 $1,248
Ceded
Balance,atJanuary1,2007 ................. $ 7 $ 3 $ 51 $ 68 $ 129
Incurredguaranteedbenefits................ (1) 1 4 7 11
Paidguaranteedbenefits .................. — — — — —
Balance, at December 31, 2007 . . . . . . . . . . . . . . . 6 4 55 75 140
Incurredguaranteedbenefits................ 18 (4) 25 15 54
Paidguaranteedbenefits .................. (16) — — — (16)
Balance, at December 31, 2008 . . . . . . . . . . . . . . . 8 — 80 90 178
Incurredguaranteedbenefits................ 26 — 102 32 160
Paidguaranteedbenefits .................. (28) — — — (28)
Balance, at December 31, 2009 . . . . . . . . . . . . . . . $ 6 $ — $182 $122 $ 310
Net
Balance,atJanuary1,2007 ................. $ 53 $ 36 $ 44 $ 40 $ 173
Incurredguaranteedbenefits................ 29 38 53 6 126
Paidguaranteedbenefits .................. (8) — — — (8)
Balance, at December 31, 2007 . . . . . . . . . . . . . . . 74 74 97 46 291
Incurredguaranteedbenefits................ 249 329 94 4 676
Paidguaranteedbenefits .................. (80) — — — (80)
Balance, at December 31, 2008 . . . . . . . . . . . . . . . 243 403 191 50 887
Incurredguaranteedbenefits................ 92 (1) 131 2 224
Paidguaranteedbenefits .................. (173) — — — (173)
Balance, at December 31, 2009 . . . . . . . . . . . . . . . $ 162 $402 $322 $ 52 $ 938
F-84 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)