1. Life Insurance Review

2. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Why a Life Insurance Review Agenda Hypothetical classic client situations Next Steps This presentation is not intended to promote insurance replacement. Life insurance is medically underwritten. Clients should not cancel their current coverage until their new coverage is in force. Surrender charges may be due on an exchange of one contract for another. A change in policy may require a medical examination. Surrenders may be taxable. Clients should consult their own tax advisors regarding tax liability on surrenders.

3. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Why a Life Insurance Review

4. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Role of Life Insurance Central in client plans –Survivor protection –Retirement planning –Estate planning –Business planning Flexibility in design –Can tailor policy to specific needs –Can make life insurance complex Complexity calls for ongoing review

5. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Why a Life Insurance Review? Portfolio review – life insurance review What a review accomplishes –Reviews a client’s needs Examines original vs. current goals –Reviews existing life insurance to current goals Who needs to do a life insurance review? –Financial professionals –Trustees –Business owners

6. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Personal Changes Family changes –Marriage, birth, divorce Term to permanent Term at a better price Policy insufficient for current needs Changing job & benefits Owning a business Education funding Changes in retirement income needs or savings options Buying a home

7. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Life Insurance Changes Newer products –May be more cost efficient –May have better guarantees 1 New riders may offer improved options 2 Improved underwriting Underperforming policies Changing insurer ratings Some policies scheduled for premium increases 1 Guarantees apply to certain life insurance products and are subject to product terms, exclusions and limitations and the insurer's issuing claims-paying ability and financial strength. 2 There may be an additional charge for optional riders.

8. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Hypothetical Classic Client Situations

9. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Luis & Maria Bought $300,000 15-year term insurance 10 years ago for mortgage protection 2 children & Maria stopped working Luis’ employer benefits dropped to $50,000 Group Term Must purchase any additional group coverage Current insurance could only cover: Balance of mortgage 2 years of expenses Current insurance could NOT cover: Family expenses after 2 years College tuition Case Study Hypothetical example. For illustrative purposes only.

10. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Couple’s Dilemma Family support costs if Luis were to pass away –In addition to tuition & mortgage Retirement income –Luis is maxing out his 401(k) & IRA –Current savings won’t support family’s current lifestyle

11. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Term or Permanent Insurance? Term coverage is very low cost, but… –No cash value savings –Coverage ends at age 40 Compare permanent coverage, such as MetLife’s Equity Advantage Variable Universal Life with $1,750,000 death benefit –20 annual premium payments for $20,000 –At 8% gross hypothetical rate of return, cash value could potentially grow to $1,270,593 at age 65 –Cash value would be $0 and the policy would lapse at age 66 if the rate of return equals 0% and guaranteed policy charges are deducted This hypothetical is for illustration purposes only and actual results may vary. Investments in variable life insurance are subject to market risk including loss of principal. Please see the policy and prospectus for additional details. EAVUL Policy Assumptions: Age 35, Male, Preferred Nonsmoker $20,000 Annual Premiums for 20 Years 8% Gross Hypothetical Rate of Return (7.29% Net) Current Non-guaranteed Charges Deducted

12. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Summary for Luis & Maria Increased death benefit to $1,750,000 Permanent coverage is more consistent with clients’ goals Possibility to supplement retirement income with cash value 1 Can be structured to have no required premiums after age 65, for example 1 Distributions are generally treated first as tax-free recovery of basis and then as taxable income, assuming the policy is not a Modified Endowment Contract (MEC). However, different rules apply in the first fifteen policy years, when distributions accompanied by benefit reductions may be taxable prior to basis recovery. Non-MEC loans are generally not subject to tax but may be taxable when the policy lapses, is surrendered, exchanged or otherwise terminated. In the case of a MEC, loans and withdrawals are taxable to the extent of policy gain and a 10% penalty may apply if taken prior to age 59 1/2. Always confirm the status of a particular loan or withdrawal with a qualified tax advisor. Cash value accumulation may not be guaranteed depending on the type of product selected. Investments in variable life insurance are subject to market risk, including loss of principal. Loans and withdrawals will decrease the cash value and death benefit.

13. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Business Owners

14. For Producer or Broker/Dealer Use Only. Not for Public Distribution. George & Spencer Set up a cross-purchase when business was worth $4,000,000, 7 years ago Were 50:50 owners Each bought a $2,000,000 Term policy on the other George paid more for Spencer’s policy Smoker and weight problems Balanced costs with salary bonus Case Study For Illustrative Purposes Only

15. For Producer or Broker/Dealer Use Only. Not for Public Distribution. 50% owner –$2,000,000 stake –$2,000,000 coverage Older Plan: 7 Years Ago 50% owner –$2,000,000 stake –$2,000,000 coverage George Spencer

16. For Producer or Broker/Dealer Use Only. Not for Public Distribution. 33% owner –$3,000,000 stake –$2,000,000 coverage Where Do They Stand Today? 33% owner –$3,000,000 stake –No coverage Betty 33% owner –$3,000,000 stake –$2,000,000 coverage Spencer George

17. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Insurance Review: Issues Amount of Coverage –George & Spencer - $1,000,000 shortfall –Betty – no coverage Type of Coverage –Currently term insurance –Consider permanent coverage as an alternative? Structure of the Buy-Sell –Cross-Purchase or Redemption –Which is best for current and evolving business needs

18. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Structure of the Buy-Sell Existing Plan Cross-Purchase 2 policies, 2 owners $2,000,000 per policy Options Maintain Cross-Purchase –6 policies, 3 owners –$1,500,000 per policy Change to Redemption 1 –3 Policies, 1 owner –$3,000,000 per policy 1 The income tax-free status of life insurance death benefit proceeds is very valuable. To ensure that the death proceeds of an employer- owned policy can retain this benefit, it is essential to comply with the requirements of Internal Revenue Code Section 101(j).

19. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Changing Coverage: Potential Benefits Changing to permanent coverage –Policy cash values can build business assets –Can offer lifetime benefits –Can structure the policy to build cash value that can be used to supplement income 1 Underwriting changes –Spencer no longer smokes, has lost weight Product changes –May want to weigh new policy designs What options are there with current coverage –Improved pricing may drop costs 1 Loans and withdrawals will decrease the cash value and death benefit. Tax-free distributions assume that the life insurance policy is properly structured, is not a modified endowment contract (MEC), and distributions are made up to the cost basis and policy loans thereafter. If the policy has not performed as expected and to avoid a policy lapse, distributions may need to be reduced, stopped and/or premium payments may need to be resumed. Should the policy lapse or be surrendered prior to the death of the insured, there may be tax consequences.

20. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Options 1 & 2: Maintain Cross-Purchase Maintain existing policies –Drop George & Spencer’s coverage to $1,500,000 each –Purchase coverage on Betty –Have Betty buy coverage on George & Spencer OR Price out new coverage –Drop term in favor of cash value life insurance Use cash value for lifetime buy-out

21. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Options 3 & 4: Change to Redemption Plan Use existing policies –Transfer existing insurance to business –Purchase new insurance to fund any shortfalls OR Replace existing term with permanent life insurance –Use cash value to fund lifetime buyouts –Use to fund nonqualified benefit programs Watch the tax results in your situation. Certain transfers of policies may trigger adverse income tax consequences. Please note: Clients should consult with and rely on their own independent legal and tax advisors regarding a particular set of facts and circumstances.

22. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Next Steps for life insurance review

23. For Producer or Broker/Dealer Use Only. Not for Public Distribution. What Information Will I Need? Permanent insurance –In-force ledger –Copy of policy Term policy –Copy of policy Employer benefit –Benefit information

24. For Producer or Broker/Dealer Use Only. Not for Public Distribution. MetLife Brand MetLife, Inc., through its subsidiaries and affiliates, is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Founded in 1868, Metropolitan Life Insurance Company continues to build upon its long history of providing solutions for its customers by launching new and innovative products, expanding its role as a leader, and continuing to provide high quality financial solutions that are backed by financial performance. MetLife counts over 90 of the top one hundred FORTUNE 500 ® companies among its corporate clients and is the largest life insurer in the U.S. and Mexico. Source: MetLife.com/Investor Relations 2013 24 Fortune 500 ® is a registered trademark of Fortune ® magazine, a division of Time, Inc.

25. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Pursuant to IRS Circular 230, MetLife is providing you with the following notification: The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of insurance products. Your clients should seek advice based on their particular circumstances from an independent tax advisor. MetLife, its agents, and representatives may not give legal or tax advice. Any discussion of taxes herein or related to this document is for general information purposes only and does not purport to be complete or cover every situation. Tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the facts and circumstances. You clients should consult with and rely on their own independent legal and tax advisers regarding their particular set of facts and circumstances.

26. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Prospectuses for Equity Advantage Variable Universal Life, and for the investment portfolios offered thereunder, are available from MetLife. The policy prospectus contains information about the policy’s features, risks, charges and expenses. Investors should consider the investment objectives, contract features, risks, charges and expenses of the investment company carefully before investing. The investment objectives, risks and policies of the investment options, as well as other information about the investment options, are described in their respective prospectuses. Clients should read the prospectuses and consider this information carefully before investing. Product features and availability may vary by state. MetLife life insurance policies have limitations, exclusions, charges, termination provisions and terms for keeping them in force. There is no guarantee that any of the variable investment options in this product will meet its stated goals or objectives. The cash value is subject to market fluctuations so that, when withdrawn, it may be worth more or less than its original value. Guarantees are subject to the claims paying ability and financial strength of the issuing insurance company. Life insurance is medically underwritten. Clients should not cancel their current coverage until their new coverage is in force. Surrender charges may be due on an exchange of one contract for another. A change in policy may require a medical examination. Surrenders may be taxable. Clients should consult their own tax advisors regarding tax liability on surrenders Equity Advantage Variable Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form 5E-46-06 and in New York only, by Metropolitan Life Insurance Company on Policy Form 1E-46-06-NY-1. Life insurance products are issued by MetLife Investors USA Insurance Company, Irvine, CA 92614, Metropolitan Life Insurance Company, New York, NY 10166, and in New York only by First MetLife Investors Insurance Company, New York, NY 10166. All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company. Variable products are distributed by MetLife Investors Distribution Company, Irvine, CA 92614. All are MetLife companies. Insurance Products Are: Not A Deposit Not FDIC-Insured Not Insured By Any Federal Government Agency Not Guaranteed By Any Bank Or Credit Union May Go Down In Value CLVL23246 L0714384956[1214] © 2013 METLIFE INC. © 2013 Peanuts Worldwide