MetLife is offering updated deferred income rates and capital guarantee terms to cater to the growing demand for its unit-linked guarantee products.
The latest product enhancements are a result of a feedback from advisers and their clients after the launch of the company’s new guaranteed products in July last year.
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The company has increased income deferral rate by 0.75% to 4.25% on the income guarantee range and shortened capital guarantee terms to cater to the market needs.
These are now available from eight years, instead of previous ten-year, allowing clients to plan ahead for retirement income.
MetLife UK managing director Dominic Grinstead said that the company constantly monitors the market and responds 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 a market-leading 4.25% and to offer the shortest capital guarantee terms in line with market conditions," Grinstead added.
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