Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Annuities > Variable Annuities

MetLife Teams With Wachovia

Your article was successfully shared with the contacts you provided.

A giant insurer has formed a variable annuities sales alliance with a giant bank.

The securities arm of Wachovia Corp., Charlotte N.C., has agreed to sell variable annuities and living benefits riders from the distribution arm of MetLife Inc., New York, in Wachovia bank branches.

The Wachovia retail brokerage arm helps oversee $730 billion in client assets.

Wachovia will sell the MetLife annuities through financial advisors in its investment services group, MetLife says.

Products to be sold through the alliance will include the MetLife Lifetime Withdrawal Guarantee rider, the Guaranteed Minimum Income Benefit Plus rider and the Guaranteed Minimum Accumulation Benefit rider, according to MetLife.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.