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Download the MetLife Variable Annuity Withdrawal Form that will assist the owner of an annuity account withdraw funds. Read all of the information on these forms. Once you had completed the form, return it to MetLife for review.

Step 1 – Things to know before you begin:

  • Read all of the information in this section so that you will be better educated as to what you need to know before you prepare your form

Step 2 – Section 1 – Contract Information –

  • Annuitant’s first name, Middle Name, Last Name
  • Owner’s first name, Annuitant’s first name
  • Street address
  • City
  • State
  • Zip Code
  • Owner’s Social Security Number or TIN
  • Primary Telephone Number with Area Code
  • Check the box if this is an address change

Step 3 – Section 2 – Type of Withdrawal –

  • In order to be certain that you are truly making the correct decision with regard to what type of withdrawal you would like to make or are eligible to make, you must read all of the information prior to continuing. Once you’ve decided upon what withdrawal type you are interested in, do the following:
  • Request that the company process your selected withdrawal by checking the appropriate box on the form.

Step 4 – Section 3 – Source of Withdrawal –

  • In this section you will provide the sources from which you would like your withdrawal. If there is no source at all indicated, it will be drawn from each account or portfolio in percentages.
  • After you’ve decided on your sources, list them in the lines along with your preferred percentages

Step 5 – Section 4 – Alternate Payment Instructions –

  • Once reviewed, if there is a favorable decision, there will be an electronic transfer of funds to your bank. It could take up to 3 business days to receive the funds. The following up to date banking information must be provided:
  • Bank Name
  • Bank City
  • Bank State
  • Bank Zip
  • Bank Account Number
  • Bank ABA Routing Number
  • If there are two owners, both signatures must be on this form
  • Select the type of account you will be having the funds sent to
  • Provide a copy of a voided check
  • If you would prefer to be paid by check:
  • Provide an Alternate Payee Name
  • Bank Address
  • City
  • State
  • Zip
  • Account Number if applicable

Step 6 – Section 5 – Special Instructions or Remarks –

  • If there are any remarks or special instructions, place them in the area provided
  • Check the box below the remarks box, if this withdrawal is to satisfy a Required Minimum Distribution under federal tax law.

Step 7 – Section 6 – Income Tax Withholding Election –

  • If neither of the below withholding elections is chosen, under current federal income tax law MetLife will be required to withhold 10 percent of the taxable portion of annuity distributions for federal income taxes. In some states, your distribution may also be subject to state income tax withholding requirements. In certain states, we may be required to withhold state income tax if we withhold federal income tax from your distribution. Certain states may also require you to make estimated tax payments
  • Check one of the boxes and provide percentages

Step 8 – Section 7 – Authorization Agreement and Signatures –

  • You must read all of the information and follow any instructions in this section prior to signing
  • Provide Owner’s Information
  • Owner’s Signature and Date mm/dd/yyyy
  • Printed Name of Individual signing as owner
  • First Name, Middle Name, Last Name
  • Joint Owner’s Signature if any – Date
  • Owner’s Spouse- This is required if in a community property state
  • Agreed ( signature of any assignee or holder of interest if it’s required
  • Read the notice at the end of this section

Step 9 – Section 8 – Submit This Form –

  • Regular mail:
  • MetLife
  • P.O. Box 10366
  • Des Moines, lowa 50306-0366

 

  • Overnight Mail Only:
  • MetLife
  • 4700 Westown Parkway
  • Ste 200
  • West Des Moines, IA 50266

OR –

  • Fax: 877-547-9666

 

 

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