MetLife and PIMCO have partnered to create a lifetime income solution. A client can purchase PIMCO mutual funds designed to provide inflation-adjusted monthly distributions to protect against inflation risk and separately purchase MetLife longevity insurance to provide monthly income after mutual fund distributions end.

“Inflation is a significant risk for retirees, and the PIMCO Real Income Funds are specifically designed to provide systematic monthly distributions for a specified term, while seeking to preserve retirees’ purchasing power,” said Tom Streiff, executive vice president and PIMCO retirement product manager. “Should they reach the end of these distributions, clients still need a retirement income stream that lasts for the rest of their lives.”

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