-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KDLFcETneSSJD9KC2rphWHOTWDVke5wOPGrfPdkQ5oRBJscf7ngvD9ssNY5jaGag 4CyuFYsF7Z1PjUfORJuu4A== 0000950123-08-004736.txt : 20080428 0000950123-08-004736.hdr.sgml : 20080428 20080428134412 ACCESSION NUMBER: 0000950123-08-004736 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080428 DATE AS OF CHANGE: 20080428 EFFECTIVENESS DATE: 20080428 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METROPOLITAN LIFE SEPARATE ACCOUNT E CENTRAL INDEX KEY: 0000744043 IRS NUMBER: 135581829 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-90380 FILM NUMBER: 08780316 BUSINESS ADDRESS: STREET 1: 200 PARK AVENUE STREET 2: C/O METROPOLITAN LIFE INSURANCE CO CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 2125785364 MAIL ADDRESS: STREET 1: 200 PARK AVENUE STREET 2: C/O METROPOLITAN LIFE INSURANCE CO CITY: NEW YORK STATE: NY ZIP: 10166 0000744043 S000001300 METROPOLITAN LIFE SEPARATE ACCOUNT E C000003505 VestMet 497 1 y47313xe497.txt 497 Supplement Dated April 28, 2008 To Prospectus Dated May 1, 1995 METROPOLITAN LIFE SEPARATE ACCOUNT E VESTMET Group and Individual Annuity Contracts Issued by Metropolitan Life Insurance Company This Supplement updates information contained in the Metropolitan Life Separate Account E ("Separate Account") prospectus dated May 1, 1995 (the "Prospectus"). Please write or call Metropolitan Life Insurance Company, 1600 Division Road, West Warwick, Rhode Island 02893 Attention: Annuities, telephone number (800) 638-7732, if you need another copy of the Prospectus. The Prospectus describes individual and group VestMet Contracts ("Contracts") issued by Metropolitan Life Insurance Company ("MetLife"). The Contracts are no longer available. Contract owners may continue to make additional purchase payments. YOUR INVESTMENT CHOICES Delete "BlackRock Large-Cap Core Portfolio" under this section and replace with "BlackRock Large Cap Core Portfolio". PURCHASE PAYMENTS Insert at page VM-11 in Purchase Payment Section. SECTION 403(B) PLANS Recently, the Internal Revenue Service announced new regulations affecting Section 403(b) plans and arrangements. As part of these regulations, employers will need to meet certain requirements in order for their employees' annuity contracts that fund these programs to retain a tax deferred status under Section 403(b). These regulations are generally effective January 1, 2009. Prior to the new rules, transfers of one annuity contract to another would not result in a loss of tax deferred status under 403(b) under certain conditions (so-called "90-24 transfers"). The new regulations have the following effect regarding transfers: (1) a newly issued contract funded by a transfer which is completed AFTER September 24, 2007, is subject to the employer requirements referred to above; (2) additional purchase payments made AFTER September 24, 2007, to a contract that was funded by a 90-24 transfer ON OR BEFORE September 24, 2007, MAY subject the contract to this new employer requirement. In consideration of these regulations, we have determined to only make available the Contract/Certificate for purchase (including transfers) where your employer currently permits salary reduction contributions to be made to the Contract/Certificate. If your Contract/Certificate was issued previously as a result of a 90-24 transfer competed on or before September 24, 2007, and you have never made salary reduction contributions into your Contract/Certificate, we urge you to consult with your tax advisor prior to making additional purchase payments. WHO SELLS THE CONTRACTS Replace the first three paragraphs in the "Who Sells Your Contract and do you pay a commission on the purchase of your Contract?" section at page VM-18. MetLife Investors Distribution Company ("MLIDC") is the principal underwriter and distributor of the securities offered through this prospectus. MLIDC, which is our affiliate, also acts as the principal underwriter and distributor of some of the other variable annuity contracts and variable life insurance policies we and our affiliated companies issue. We reimburse MLIDC for expenses MLIDC incurs in distributing the Contracts (e.g., commissions payable to the retail broker- dealers who sell the Contracts, including our affiliated broker-dealers). MLIDC does not retain any fees under the Contracts. MLIDC's principal executive offices are located at 5 Park Plaza, Suite 1900, Irvine, CA 92614. MLIDC is registered as a broker-dealer with the Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as well as the securities commissions in the states in which it operates, and is a member of the Financial Regulatory Industry Authority ("FINRA"). An investor brochure that includes information describing FINRA's Public Disclosure Program is available by calling FINRA's Public Disclosure Program hotline at 1-800-289- 9999, or by visiting FINRA's website at www.finra.org. The Contracts are no longer sold. The Contracts were sold through MetLife licensed sales representatives who are now associated with MetLife Securities, Inc. ("MSI"), our affiliate and a broker-dealer, which is paid compensation for the promotion and sale of the Contracts. MSI is registered with the SEC as broker-dealers under the Securities Exchange Act of 1934 and is also a member of the FINRA. THIS SUPPLEMENT IS NOT VALID UNLESS PRECEDED BY THE CURRENT PROSPECTUS FOR THE METROPOLITAN SERIES FUND, INC., WHICH CONTAINS ADDITIONAL INFORMATION ABOUT THE FUND. THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE 200 PARK AVENUE TELEPHONE: (800) 638-7732 NEW YORK, NEW YORK -----END PRIVACY-ENHANCED MESSAGE-----