Loan Collateral. If I have a MetLife fixed annuity, I understand while a loan is outstanding, withdrawals are restricted because I must keep an amount equal to 125% of my outstanding loan balance in my certificate as collateral for the loan. If I have a MetLife variable annuity, I understand while a loan is outstanding, withdrawals and transfers from my certificate are restricted because I must keep an amount equal to 125% of my outstanding loan balance in the Fixed Interest Account as collateral for the loan.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement