MET News & Events

MetLife announced the Non-Qualified Assignment Flex Agreement, a new deferred payment solution designed to help attorneys and brokers resolve non-physical injury claims with more flexible settlement structures. The NQA-FA enables settlements to be paid over time, including through deferred start dates, lump sums and customized payment schedules aligned to client needs. The NQA-FA utilizes a funding agreement rather than an annuity and gives attorneys and brokers greater control over how and when settlement payments are delivered across a broad range of non-physical injury cases. These include employment litigation, wrongful termination, discrimination, contract disputes, construction defects, property and environmental claims, liability policy buy-outs, punitive damages, and attorney fees. With approval, both individuals and businesses may be designated as payees.

As demand for guaranteed lifetime income grows, MetLife introduced a new liquidity feature for its immediate income annuity, the MetLife Guaranteed Income Program. "This design offers defined contribution plan participants a simple way to convert savings into reliable income while maintaining greater flexibility early in retirement," the company said.