MetLife changing U.S. strategy

February 26, 2013 by Arthur D. Postal

MetLife is shifting its U.S. business to focus on more profitable products during a period of low interest rates, its chairman said last week.

One of the effects is to roll out products in the torrid living benefit market that reduces the guaranteed payout promised annuitants, MetLife chairman and CEO Steve Kandarian said.

He also said that while the divestiture of its bank to GE Capital in January removes it from oversight from federal regulators as a bank holding company, the potential for federal regulation remains. Click here to read…

Originally Posted at LifeHealthPro on February 25, 2013 by Arthur D. Postal.