Metlife Investors Variable Life Account One – ‘N-6’ on 11/14/14

On:  Friday, 11/14/14, at 6:18pm ET   ·   As of:  11/17/14   ·   Accession #:  1193125-14-413577   ·   File #:  333-200257

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Registration Statement for a Separate Account (Unit Investment Trust)   —   Form N-6
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-6         Custom Select Variable Life (Ca)                     487   2.72M 
 2: EX-99.(1)(B)  Mli Board Resolutions and Plan of Merger             9     32K 
 3: EX-99.(1)(C)  Micc Board Resolutions of the Separate Account       2     14K 
 4: EX-99.(3)(A)(II)  Amendment to Distribution and Principal          2     12K 
                          Underwriting Agreement                                 
 5: EX-99.(5)(E)  Merger Endorsement                                   1     10K 
 6: EX-99.(6)(A)  Copy of Certificate of Incorporation and             5     21K 
                          Certificate of Amendment                               
 7: EX-99.(6)(B)  Copy of By-Laws of the Company                      15     55K 
12: EX-99.2(I)  Opinion and Consent of Counsel                         2     13K 
13: EX-99.3     Powers of Attorney                                    15     71K 
14: EX-99.4     Consent of Independent Registered Public               1      9K 
                          Accounting Firm (Deloitte & Touche LLP)                
 8: EX-99.9(B)(IV)  Amendment to Participation Agreement With Met      4     16K 
                          Investors Series Trust                                 
 9: EX-99.9(C)(V)  Amendment to Participation Agreement With          10     33K 
                          Franklin Templeton Variable Insurance                  
10: EX-99.9(D)(IV)  Amendment to Participation Agreement With Aim      2     14K 
                          Variable Insurance Funds                               
11: EX-99.9(E)(II)  Amendment to Participation Agreement With          3     15K 
                          Putnam Variable Trust                                  

N-6   —   Custom Select Variable Life (Ca)
Document Table of Contents

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As filed with U.S. Securities and Exchange Commission on November 14, 2014
                                              Registration No. 333-_______

UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM S-6
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933

MetLife Investors Variable Life Account One 
(Exact Name of Registrant)

MetLife Insurance Company USA 
(Name of Depositor) 

11225 North Community House Road
Charlotte, NC 28277 
(Address of Depositor's Principal Executive Offices)

Name and complete address of agent for service: 
Eric T. Steigerwalt 
President 
MetLife Insurance Company USA 
11225 North Community House Road
Charlotte, NC 28277 

Copy to:
W. Thomas Conner, Esquire 
Reed Smith LLP
1301 K Street, N.W. 
Washington, D.C. 20005-3373 

Approximate Date of Proposed Filing:
As soon as possible after the effective date of this registration statement.

The Registrant hereby amends this registration statement on such dates as may be
necessary to delay its effective date until the Registrant shall file a further 
amendment that specifically states that this registration statement shall       
thereafter become effective in accordance with Section 8(a) of the Securities   
Act of 1933 or until the registration statement shall thereafter become         
effective on such date as the Commission, acting pursuant to Section 8(a), may  
determine.                                                                      

Title of securities being registered: Flexible Premium Variable Life            
Insurance Policy.                                                               

This Registration Statement relates to Registration Statement No. 333-160847.   

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METLIFE INSURANCE COMPANY USA 
METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE 

PROSPECTUS SUPPLEMENT DATED NOVEMBER 17, 2014 

This supplement describes the recent merger involving MetLife Investors   
Insurance Company, the insurer that issued your variable life insurance         
contract, and what it means for you. The supplement updates certain information 
contained in, and should be read in conjunction with, the prospectus for your   
contract. Please read it and keep it with your prospectus for future reference. 
You may obtain a copy of the prospectus for your contract by writing to MetLife 
Insurance Company USA, 11225 North Community House Road, Charlotte, NC 28277,   
or by calling 1-800-638-5000, or by accessing the Securities and Exchange       
Commission's website at http://www.sec.gov.                                     

Effective following the close of business on November 14, 2014, MetLife   
Investors Insurance Company, MetLife Investors USA Insurance Company and Exeter 
Reassurance Company, Ltd. were merged into MetLife Insurance Company of         
Connecticut, and MetLife Insurance Company of Connecticut was then renamed      
MetLife Insurance Company USA ("MetLife USA"). Simultaneously, MetLife USA      
changed its domicile from Connecticut to the state of Delaware. Accordingly,    
all references in your prospectus to MetLife Investors Insurance Company are    
replaced with MetLife USA.                                                      

  As a result of the merger, MetLife USA assumed legal ownership of all of the
assets of MetLife Investors Insurance Company, including the separate account   
referenced above and the assets held in the separate account. MetLife USA is    
now responsible for administering your contract and paying any benefits due to  
you under the contract. In other words, you are now a contract owner of MetLife 
USA.                                                                            

The transfer of your contract to MetLife USA will not impact the          
administration of your contract. In particular:                                 

.   There are no changes in our obligations or your rights and benefits   
under your contract as a result of the merger.                    

.   All of the investment options previously available to you under your  
contract remain available for investment as of the date of this   
supplement.                                                       

.   MetLife USA will continue to service and maintain your contract in    
   accordance with its terms and there has been no change in the contact
information for the administrative offices for your contract.     

.   Your cash value is not affected by the merger and no charges have been
or will be imposed in connection with the merger.                 

  .   The merger did not result in any federal income tax consequences to you.

THE FOLLOWING REPLACES THE SECTION OF YOUR PROSPECTUS TITLED METLIFE INVESTORS: 

METLIFE USA                                                                     

MetLife Insurance Company USA is a stock life insurance company originally      
chartered in Connecticut in 1863 and currently subject to the laws of the state 
of Delaware. MetLife USA was previously known as MetLife Insurance Company of   
Connecticut but changed its name to MetLife Insurance Company USA when it       
changed its state of domicile from Connecticut to Delaware on November 14,      
2014. MetLife USA is licensed to conduct business in all states of the United   
States, except New York, and in the District of Columbia, Puerto Rico, Guam,    
the U.S. and British Virgin Islands and the Bahamas. MetLife USA is a           
wholly-owned subsidiary of MetLife, Inc., a publicly-traded company. MetLife,   
Inc., through its subsidiaries and affiliates, is a leading provider of         
insurance and financial services to individuals and institutional customers.    
MetLife USA's principal executive offices are located at 11225 North Community  
House Road, Charlotte, NC 28277.                                                

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Prior to November 17, 2014, the contract was issued by MetLife Investors        
Insurance Company (MetLife Investors). On November 14, 2014, following the      
close of business, MetLife Investors merged into MetLife USA and MetLife USA    
replaced MetLife Investors as the issuer of the contract.                       

* * * * * 

The information found under "OTHER INFORMATION" regarding the General American  
Life Insurance Company guarantee agreement is hereby deleted because the        
guarantee has terminated in accordance with its terms. While in effect, the     
guarantee agreement had provided that, for contracts issued on or before        
December 31, 2002, General American Life Insurance Company, the former parent   
of MetLife Investors, would ensure that MetLife Investors would have sufficient 
funds to meet its obligations under those contracts.                            

In addition, on or about November 17, 2014, MetLife USA terminated a net worth  
maintenance agreement with MetLife, Inc. and a contingent reinsurance agreement 
with General American Life Insurance Company. The net worth maintenance         
agreement was originally entered into between MetLife, Inc. and MetLife         
Investors on December 31, 2002. Under the agreement MetLife, Inc. had agreed,   
without limitation as to the amount, to cause MetLife Investors to have certain 
minimum capital and surplus levels and liquidity necessary to enable it to meet 
its current obligations on a timely basis. The contingent reinsurance agreement 
was originally entered into between General American Life Insurance Company and 
MetLife Investors on January 1, 2003. Under this agreement, in the event that   
MetLife Investors' statutory capital and surplus fell below certain levels,     
General American Life would assume as assumption reinsurance, subject to        
regulatory approvals and required consents, all of MetLife Investors' life      
insurance and annuity contracts.                                                

* * * * * 

THE FOLLOWING IS ADDED TO THE FIRST PARAGRAPH OF THE DISCLOSURE IN YOUR         
PROSPECTUS UNDER THE CAPTION "THE SEPARATE ACCOUNT":                            

On November 14, 2014, following the close of business, MetLife Investors merged 
into MetLife USA and the Separate Account became a separate account of MetLife  
USA. In November of 2009, the Separate Account was subject to a merger pursuant 
to which all of the assets of MetLife Investors Variable Life Account Five were 
transferred to MetLife Investors Variable Life Account One.                     

* * * * * 

THE FOLLOWING REPLACES THE DISCLOSURE IN YOUR PROSPECTUS UNDER THE CAPTION      
"INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM" OR "EXPERTS":                   

The financial statements and financial highlights comprising each of the        
Sub-Accounts of MetLife Investors Variable Life Account One included in this    
Prospectus Supplement, have been audited by Deloitte & Touche LLP, an           
independent registered public accounting firm, as stated in their report        
appearing herein. Such financial statements and financial highlights are        
included in reliance upon the report of such firm given upon their authority as 
experts in accounting and auditing.                                             

The consolidated financial statements and related financial statement schedules 
of MetLife Insurance Company of Connecticut and subsidiaries, included in this  
Prospectus Supplement, have been audited by Deloitte & Touche LLP, an           
independent registered public accounting firm, as stated in their report        
appearing herein. Such financial statements and financial statement schedules   
are included in reliance upon the report of such firm given upon their          
authority as experts in accounting and auditing.                                

The financial statements of MetLife Investors Insurance Company ("MLI"),        
included in this Prospectus Supplement, have been audited by Deloitte & Touche  
LLP, independent auditors, as stated in their report appearing herein (which    
report expresses an unmodified opinion and includes an other matter paragraph   
related                                                                         

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to MLI being a member of a controlled group). Such financial statements are     
included in reliance upon the report of such firm given upon their authority as 
experts in accounting and auditing.                                             

The financial statements of Exeter Reassurance Company, Ltd. ("Exeter"),        
included in this Prospectus Supplement, have been audited by Deloitte & Touche  
LLP, independent auditors, as stated in their report appearing herein (which    
report expresses an unmodified opinion and includes an emphasis of matter       
paragraph related to restatements of the statements of cash flows, and an other 
matters paragraph related to a change in Exeter's presentation of insurance     
liabilities and to Exeter being a member of a controlled group). Such financial 
statements are included in reliance upon the report of such firm given upon     
their authority as experts in accounting and auditing.                          

The principal business address of Deloitte & Touche LLP is 30 Rockefeller       
Plaza, New York, New York 10112-0015.                                           

THE FOLLOWING REPLACES THE DISCLOSURE IN YOUR PROSPECTUS UNDER THE CAPTION      
"FINANCIAL STATEMENTS":                                                         

The financial statements of MetLife Investors Variable Life Account One, the    
unaudited pro forma condensed combined financial statements of MetLife          
Insurance Company of Connecticut, giving effect to the merger on a pro forma    
basis, and the consolidated financial statements of MetLife Insurance Company   
of Connecticut are included herewith. Also included are the financial           
statements of MetLife Investors Insurance Company and Exeter Reassurance        
Company, Ltd. (affiliates of MetLife USA that were merged into MetLife USA      
effective as of November 14, 2014). The unaudited pro forma condensed combined  
financial statements of MetLife Insurance Company of Connecticut and the        
consolidated financial statements of MetLife Insurance Company of Connecticut   
should be considered only as bearing upon the ability of MetLife USA to meet    
its obligations under the contracts.                                            

THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE  

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                         

To the Policy Owners of                                                         
MetLife Investors Variable Life Account One                                     
and Board of Directors of                                                       
MetLife Investors Insurance Company                                             

We have audited the accompanying statements of assets and liabilities of        
MetLife Investors Variable Life Account One (the "Separate Account") of MetLife 
Investors Insurance Company (the "Company") comprising each of the individual   
Sub-Accounts listed in Note 2.A. as of December 31, 2013, the related           
statements of operations and changes in net assets for the respective stated    
periods in the three years then ended, and the financial highlights in Note 8   
for the respective stated periods in the five years then ended. These financial 
statements and financial highlights are the responsibility of the Separate      
Account's management. Our responsibility is to express an opinion on these      
financial statements and financial highlights based on our audits.              

We conducted our audits in accordance with the standards of the Public Company  
Accounting Oversight Board (United States). Those standards require that we     
plan and perform the audit to obtain reasonable assurance about whether the     
financial statements and financial highlights are free of material              
misstatement. The Separate Account is not required to have, nor were we engaged 
to perform, an audit of its internal control over financial reporting. Our      
audits included consideration of internal control over financial reporting as a 
basis for designing audit procedures that are appropriate in the circumstances, 
but not for the purpose of expressing an opinion on the effectiveness of the    
Separate Account's internal control over financial reporting. Accordingly, we   
express no such opinion. An audit also includes examining, on a test basis,     
evidence supporting the amounts and disclosures in the financial statements,    
assessing the accounting principles used and significant estimates made by      
management, as well as evaluating the overall financial statement presentation. 
Our procedures included confirmation of investments owned as of December 31,    
2013, by correspondence with the custodian or mutual fund companies. We believe 
that our audits provide a reasonable basis for our opinion.                     

In our opinion, the financial statements and financial highlights referred to   
above present fairly, in all material respects, the financial position of each  
of the Sub-Accounts constituting the Separate Account of the Company as of      
December 31, 2013, the results of their operations and changes in their net     
assets for the respective stated periods in the three years then ended, and the 
financial highlights for the respective stated periods in the five years then   
ended, in conformity with accounting principles generally accepted in the       
United States of America.                                                       

/s/ DELOITTE & TOUCHE LLP                                                       
Certified Public Accountants                                                    

Tampa, Florida                                                                  
March 27, 2014                                                                  

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES    
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                           FTVIPT TEMPLETON        INVESCO V.I.              MIST                  MIST        
                                                FOREIGN            INTERNATIONAL        CLARION GLOBAL          CLEARBRIDGE    
                                              SECURITIES              GROWTH              REAL ESTATE        AGGRESSIVE GROWTH 
                                              SUB-ACCOUNT           SUB-ACCOUNT           SUB-ACCOUNT           SUB-ACCOUNT    
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $            134,751  $             53,908  $            331,011  $            372,489
   Due from MetLife Investors                                                                                                  
     Insurance Company..................                   17                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................              134,768                53,908               331,011               372,489
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                   15                    13                    40                    45
   Due to MetLife Investors                                                                                                    
     Insurance Company..................                   --                     4                     7                    19
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                   15                    17                    47                    64
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $            134,753  $             53,891  $            330,964  $            372,425
                                         ====================  ====================  ====================  ====================

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                        MIST                 MIST                  MIST                 MIST        
                                    GOLDMAN SACHS       HARRIS OAKMARK            INVESCO              INVESCO      
                                    MID CAP VALUE        INTERNATIONAL           COMSTOCK           MID CAP VALUE   
                                     SUB-ACCOUNT          SUB-ACCOUNT           SUB-ACCOUNT          SUB-ACCOUNT    
                                --------------------  -------------------  --------------------  -------------------
                                                                                                                    
ASSETS:                                                                                                             
   Investments at fair value... $            606,545  $         1,862,722  $            671,626  $           398,226
   Due from MetLife Investors                                                                                       
     Insurance Company.........                   --                   --                    --                  700
                                --------------------  -------------------  --------------------  -------------------
       Total Assets............              606,545            1,862,722               671,626              398,926
                                --------------------  -------------------  --------------------  -------------------
LIABILITIES:                                                                                                        
   Accrued fees................                   33                   46                    23                   18
   Due to MetLife Investors                                                                                         
     Insurance Company.........                   14                   21                    18                   --
                                --------------------  -------------------  --------------------  -------------------
       Total Liabilities.......                   47                   67                    41                   18
                                --------------------  -------------------  --------------------  -------------------

NET ASSETS..................... $            606,498  $         1,862,655  $            671,585  $           398,908
                                ====================  ===================  ====================  ===================


                                       MIST                  MIST                 MIST                  MIST        
                                      INVESCO            LOOMIS SAYLES         LORD ABBETT             METLIFE      
                                 SMALL CAP GROWTH       GLOBAL MARKETS       BOND DEBENTURE      AGGRESSIVE STRATEGY
                                    SUB-ACCOUNT           SUB-ACCOUNT          SUB-ACCOUNT           SUB-ACCOUNT    
                                -------------------  --------------------  -------------------  --------------------
                                                                                                                    
ASSETS:                                                                                                             
   Investments at fair value... $           851,338  $            520,468  $         1,725,951  $           536,437 
   Due from MetLife Investors                                                                                       
     Insurance Company.........                  --                    --                   --                   -- 
                                -------------------  --------------------  -------------------  --------------------
       Total Assets............             851,338               520,468            1,725,951              536,437 
                                -------------------  --------------------  -------------------  --------------------
LIABILITIES:                                                                                                        
   Accrued fees................                  34                    26                   46                   41 
   Due to MetLife Investors                                                                                         
     Insurance Company.........                  25                     8                2,111                   11 
                                -------------------  --------------------  -------------------  --------------------
       Total Liabilities.......                  59                    34                2,157                   52 
                                -------------------  --------------------  -------------------  --------------------

NET ASSETS..................... $           851,279  $            520,434  $         1,723,794  $           536,385 
                                ===================  ====================  ===================  ====================


                                       MIST                  MIST                                                   
                                      METLIFE               METLIFE                                                 
                                 BALANCED STRATEGY    DEFENSIVE STRATEGY                                            
                                    SUB-ACCOUNT           SUB-ACCOUNT                                               
                                -------------------  -------------------                                            
                                                                                                                    
ASSETS:                                                                                                             
   Investments at fair value... $         3,339,721  $             9,557                                            
   Due from MetLife Investors                                                                                       
     Insurance Company.........                  --                   --                                            
                                -------------------  -------------------                                            
       Total Assets............           3,339,721                9,557                                            
                                -------------------  -------------------                                            
LIABILITIES:                                                                                                        
   Accrued fees................                  17                    7                                            
   Due to MetLife Investors                                                                                         
     Insurance Company.........                  14                    4                                            
                                -------------------  -------------------                                            
       Total Liabilities.......                  31                   11                                            
                                -------------------  -------------------                                            

NET ASSETS..................... $         3,339,690  $             9,546                                            
                                ===================  ===================                                            


The accompanying notes are an integral part of these financial statements.    

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The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                       MIST                 MIST                 MIST                  MIST       
                                      METLIFE              METLIFE           MFS EMERGING          MFS RESEARCH   
                                  GROWTH STRATEGY     MODERATE STRATEGY     MARKETS EQUITY         INTERNATIONAL  
                                    SUB-ACCOUNT          SUB-ACCOUNT          SUB-ACCOUNT           SUB-ACCOUNT   
                                -------------------  -------------------  -------------------  -------------------
                                                                                                                  
ASSETS:                                                                                                           
   Investments at fair value... $         3,393,542  $         1,473,903  $           379,970  $         1,298,415
   Due from MetLife Investors                                                                                     
     Insurance Company.........                  --                   --                   12                   --
                                -------------------  -------------------  -------------------  -------------------
       Total Assets............           3,393,542            1,473,903              379,982            1,298,415
                                -------------------  -------------------  -------------------  -------------------
LIABILITIES:                                                                                                      
   Accrued fees................                  31                   31                   33                   42
   Due to MetLife Investors                                                                                       
     Insurance Company.........                  14                   10                   --                   57
                                -------------------  -------------------  -------------------  -------------------
       Total Liabilities.......                  45                   41                   33                   99
                                -------------------  -------------------  -------------------  -------------------

NET ASSETS..................... $         3,393,497  $         1,473,862  $           379,949  $         1,298,316
                                ===================  ===================  ===================  ===================


                                       MIST                 MIST                 MIST                             
                                  MORGAN STANLEY       PIMCO INFLATION           PIMCO                 MIST       
                                  MID CAP GROWTH       PROTECTED BOND        TOTAL RETURN          PIONEER FUND   
                                    SUB-ACCOUNT          SUB-ACCOUNT          SUB-ACCOUNT           SUB-ACCOUNT   
                                -------------------  -------------------  -------------------  -------------------
                                                                                                                  
ASSETS:                                                                                                           
   Investments at fair value... $           230,767  $           987,996  $         3,028,010  $           491,109
   Due from MetLife Investors                                                                                     
     Insurance Company.........                  --                   --                   --                  178
                                -------------------  -------------------  -------------------  -------------------
       Total Assets............             230,767              987,996            3,028,010              491,287
                                -------------------  -------------------  -------------------  -------------------
LIABILITIES:                                                                                                      
   Accrued fees................                   3                   46                   39                   --
   Due to MetLife Investors                                                                                       
     Insurance Company.........                 178                    3                    5                   --
                                -------------------  -------------------  -------------------  -------------------
       Total Liabilities.......                 181                   49                   44                   --
                                -------------------  -------------------  -------------------  -------------------

NET ASSETS..................... $           230,586  $           987,947  $         3,027,966  $           491,287
                                ===================  ===================  ===================  ===================


                                        MIST                 MIST                                                 
                                    T. ROWE PRICE        T. ROWE PRICE                                            
                                   LARGE CAP VALUE      MID CAP GROWTH                                            
                                     SUB-ACCOUNT          SUB-ACCOUNT                                             
                                -------------------  -------------------                                          
                                                                                                                  
ASSETS:                                                                                                           
   Investments at fair value... $         6,095,470  $         1,633,322                                          
   Due from MetLife Investors                                                                                     
     Insurance Company.........               8,910                   --                                          
                                -------------------  -------------------                                          
       Total Assets............           6,104,380            1,633,322                                          
                                -------------------  -------------------                                          
LIABILITIES:                                                                                                      
   Accrued fees................                  44                   48                                          
   Due to MetLife Investors                                                                                       
     Insurance Company.........                  --                   27                                          
                                -------------------  -------------------                                          
       Total Liabilities.......                  44                   75                                          
                                -------------------  -------------------                                          

NET ASSETS..................... $         6,104,336  $         1,633,247                                          
                                ===================  ===================                                          


The accompanying notes are an integral part of these financial statements.    

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The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                       MIST                  MSF                   MSF                  MSF        
                                   THIRD AVENUE           BLACKROCK             BLACKROCK            BLACKROCK     
                                  SMALL CAP VALUE        BOND INCOME      CAPITAL APPRECIATION     MONEY MARKET    
                                    SUB-ACCOUNT          SUB-ACCOUNT           SUB-ACCOUNT          SUB-ACCOUNT    
                                -------------------  -------------------  --------------------  -------------------
                                                                                                                   
ASSETS:                                                                                                            
   Investments at fair value... $           982,855  $             9,370   $           176,587  $         1,378,092
   Due from MetLife Investors                                                                                      
     Insurance Company.........                  --                   --                    --                   --
                                -------------------  -------------------  --------------------  -------------------
       Total Assets............             982,855                9,370               176,587            1,378,092
                                -------------------  -------------------  --------------------  -------------------
LIABILITIES:                                                                                                       
   Accrued fees................                  40                   18                    32                   38
   Due to MetLife Investors                                                                                        
     Insurance Company.........                  22                    1                    12                5,819
                                -------------------  -------------------  --------------------  -------------------
       Total Liabilities.......                  62                   19                    44                5,857
                                -------------------  -------------------  --------------------  -------------------

NET ASSETS..................... $           982,793  $             9,351   $           176,543  $         1,372,235
                                ===================  ===================  ====================  ===================


                                        MSF                  MSF                  MSF                  MSF         
                                       DAVIS              FRONTIER             JENNISON            MET/ARTISAN     
                                   VENTURE VALUE       MID CAP GROWTH           GROWTH            MID CAP VALUE    
                                    SUB-ACCOUNT          SUB-ACCOUNT          SUB-ACCOUNT          SUB-ACCOUNT     
                                -------------------  -------------------  -------------------  ------------------- 
                                                                                                                   
ASSETS:                                                                                                            
   Investments at fair value... $         2,516,054  $           280,860  $         2,334,904  $           940,629 
   Due from MetLife Investors                                                                                      
     Insurance Company.........                  --                   --               12,942                   -- 
                                -------------------  -------------------  -------------------  ------------------- 
       Total Assets............           2,516,054              280,860            2,347,846              940,629 
                                -------------------  -------------------  -------------------  ------------------- 
LIABILITIES:                                                                                                       
   Accrued fees................                  51                   45                   35                   38 
   Due to MetLife Investors                                                                                        
     Insurance Company.........                  23                    9                   --                   43 
                                -------------------  -------------------  -------------------  ------------------- 
       Total Liabilities.......                  74                   54                   35                   81 
                                -------------------  -------------------  -------------------  ------------------- 

NET ASSETS..................... $         2,515,980  $           280,806  $         2,347,811  $           940,548 
                                ===================  ===================  ===================  =================== 


                                        MSF                   MSF                                                  
                                      METLIFE          NEUBERGER BERMAN                                            
                                    STOCK INDEX             GENESIS                                                
                                    SUB-ACCOUNT           SUB-ACCOUNT                                              
                                -------------------  -------------------                                           
                                                                                                                   
ASSETS:                                                                                                            
   Investments at fair value... $         1,793,645  $         1,009,842                                           
   Due from MetLife Investors                                                                                      
     Insurance Company.........                  --                    1                                           
                                -------------------  -------------------                                           
       Total Assets............           1,793,645            1,009,843                                           
                                -------------------  -------------------                                           
LIABILITIES:                                                                                                       
   Accrued fees................                  40                   61                                           
   Due to MetLife Investors                                                                                        
     Insurance Company.........                  23                   --                                           
                                -------------------  -------------------                                           
       Total Liabilities.......                  63                   61                                           
                                -------------------  -------------------                                           

NET ASSETS..................... $         1,793,582  $         1,009,782                                           
                                ===================  ===================                                           


The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONCLUDED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                                                          MSF                  MSF                            
                                                    MSF              T. ROWE PRICE        WESTERN ASSET                       
                                               T. ROWE PRICE           SMALL CAP           MANAGEMENT            PUTNAM VT    
                                             LARGE CAP GROWTH           GROWTH           U.S. GOVERNMENT     MULTI-CAP GROWTH 
                                                SUB-ACCOUNT           SUB-ACCOUNT          SUB-ACCOUNT          SUB-ACCOUNT   
                                            -------------------  -------------------  -------------------  -------------------
                                                                                                                              
ASSETS:                                                                                                                       
   Investments at fair value............... $           498,874  $            20,490  $            76,298  $            20,362
   Due from MetLife Investors                                                                                                 
     Insurance Company.....................                 101                   --                   --                   31
                                            -------------------  -------------------  -------------------  -------------------
       Total Assets........................             498,975               20,490               76,298               20,393
                                            -------------------  -------------------  -------------------  -------------------
LIABILITIES:                                                                                                                  
   Accrued fees............................                  30                   16                   30                    2
   Due to MetLife Investors                                                                                                   
     Insurance Company.....................                  --                    8                    6                   --
                                            -------------------  -------------------  -------------------  -------------------
       Total Liabilities...................                  30                   24                   36                    2
                                            -------------------  -------------------  -------------------  -------------------

NET ASSETS................................. $           498,945  $            20,466  $            76,262  $            20,391
                                            ===================  ===================  ===================  ===================

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                                     FTVIPT TEMPLETON                          
                                                                                    FOREIGN SECURITIES                         
                                                                                        SUB-ACCOUNT                            
                                                           ------------------------------------------------------------------- 
                                                                   2013                    2012                   2011         
                                                           --------------------   ---------------------   -------------------- 
                                                                                                                               
INVESTMENT INCOME:                                                                                                             
      Dividends........................................... $              3,069   $               3,160   $              2,002 
                                                           --------------------   ---------------------   -------------------- 
EXPENSES:                                                                                                                      
      Mortality and expense risk charges..................                   35                      51                     57 
                                                           --------------------   ---------------------   -------------------- 
           Net investment income (loss)...................                3,034                   3,109                  1,945 
                                                           --------------------   ---------------------   -------------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                          
   ON INVESTMENTS:                                                                                                             
      Realized gain distributions.........................                   --                      --                     -- 
      Realized gains (losses) on sale of investments......                 (72)                   (620)                (2,040) 
                                                           --------------------   ---------------------   -------------------- 
           Net realized gains (losses)....................                 (72)                   (620)                (2,040) 
                                                           --------------------   ---------------------   -------------------- 
      Change in unrealized gains (losses) on investments..               22,649                  14,588               (10,842) 
                                                           --------------------   ---------------------   -------------------- 
      Net realized and changes in unrealized gains                                                                             
         (losses) on investments..........................               22,577                  13,968               (12,882) 
                                                           --------------------   ---------------------   -------------------- 
      Net increase (decrease) in net assets resulting                                                                          
         from operations.................................. $             25,611   $              17,077   $           (10,937) 
                                                           ====================   =====================   ==================== 



                                                                                       INVESCO V.I.                            
                                                                                   INTERNATIONAL GROWTH                        
                                                                                        SUB-ACCOUNT                            
                                                           ------------------------------------------------------------------- 
                                                                   2013                    2012                   2011         
                                                           --------------------   ---------------------   -------------------- 
                                                                                                                               
INVESTMENT INCOME:                                                                                                             
      Dividends........................................... $                604   $                 592   $                719 
                                                           --------------------   ---------------------   -------------------- 
EXPENSES:                                                                                                                      
      Mortality and expense risk charges..................                    1                       4                      4 
                                                           --------------------   ---------------------   -------------------- 
           Net investment income (loss)...................                  603                     588                    715 
                                                           --------------------   ---------------------   -------------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                          
   ON INVESTMENTS:                                                                                                             
      Realized gain distributions.........................                   --                      --                     -- 
      Realized gains (losses) on sale of investments......                  232                     175                  3,056 
                                                           --------------------   ---------------------   -------------------- 
           Net realized gains (losses)....................                  232                     175                  3,056 
                                                           --------------------   ---------------------   -------------------- 
      Change in unrealized gains (losses) on investments..                7,703                   4,927                (5,865) 
                                                           --------------------   ---------------------   -------------------- 
      Net realized and changes in unrealized gains                                                                             
         (losses) on investments..........................                7,935                   5,102                (2,809) 
                                                           --------------------   ---------------------   -------------------- 
      Net increase (decrease) in net assets resulting                                                                          
         from operations.................................. $              8,538   $               5,690   $            (2,094) 
                                                           ====================   =====================   ==================== 



                                                                                    MIST CLARION GLOBAL                        
                                                                                        REAL ESTATE                            
                                                                                        SUB-ACCOUNT                            
                                                           --------------------------------------------------------------------
                                                                   2013                    2012                   2011         
                                                           ---------------------   --------------------   ---------------------
                                                                                                                               
INVESTMENT INCOME:                                                                                                             
      Dividends........................................... $              22,242   $              6,401   $              13,350
                                                           ---------------------   --------------------   ---------------------
EXPENSES:                                                                                                                      
      Mortality and expense risk charges..................                 1,756                  1,650                   1,739
                                                           ---------------------   --------------------   ---------------------
           Net investment income (loss)...................                20,486                  4,751                  11,611
                                                           ---------------------   --------------------   ---------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                          
   ON INVESTMENTS:                                                                                                             
      Realized gain distributions.........................                    --                     --                      --
      Realized gains (losses) on sale of investments......                 4,902                (4,619)                 (6,582)
                                                           ---------------------   --------------------   ---------------------
           Net realized gains (losses)....................                 4,902                (4,619)                 (6,582)
                                                           ---------------------   --------------------   ---------------------
      Change in unrealized gains (losses) on investments..              (12,829)                 69,616                (19,550)
                                                           ---------------------   --------------------   ---------------------
      Net realized and changes in unrealized gains                                                                             
         (losses) on investments..........................               (7,927)                 64,997                (26,132)
                                                           ---------------------   --------------------   ---------------------
      Net increase (decrease) in net assets resulting                                                                          
         from operations.................................. $              12,559   $             69,748   $            (14,521)
                                                           =====================   ====================   =====================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                                   MIST CLEARBRIDGE                        
                                                                                   AGGRESSIVE GROWTH                       
                                                                                      SUB-ACCOUNT                          
                                                           --------------------------------------------------------------- 
                                                                   2013                  2012                  2011        
                                                           -------------------   -------------------   ------------------- 
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $             1,545   $               893   $               440 
                                                           -------------------   -------------------   ------------------- 
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................               1,589                 2,348                 2,383 
                                                           -------------------   -------------------   ------------------- 
          Net investment income (loss)....................                (44)               (1,455)               (1,943) 
                                                           -------------------   -------------------   ------------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                  --                    --                    -- 
      Realized gains (losses) on sale of investments......              86,551                16,618                19,422 
                                                           -------------------   -------------------   ------------------- 
          Net realized gains (losses).....................              86,551                16,618                19,422 
                                                           -------------------   -------------------   ------------------- 
      Change in unrealized gains (losses) on investments..              53,141                59,994               (3,188) 
                                                           -------------------   -------------------   ------------------- 
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................             139,692                76,612                16,234 
                                                           -------------------   -------------------   ------------------- 
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $           139,648   $            75,157   $            14,291 
                                                           ===================   ===================   =================== 



                                                                                  MIST GOLDMAN SACHS                       
                                                                                     MID CAP VALUE                         
                                                                                      SUB-ACCOUNT                          
                                                           ----------------------------------------------------------------
                                                                   2013                  2012                  2011        
                                                           -------------------   -------------------   --------------------
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $             6,905   $             4,798   $              3,887
                                                           -------------------   -------------------   --------------------
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................               2,716                 3,053                  3,258
                                                           -------------------   -------------------   --------------------
          Net investment income (loss)....................               4,189                 1,745                    629
                                                           -------------------   -------------------   --------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................              22,220                    --                     --
      Realized gains (losses) on sale of investments......              31,424                 5,216                  7,703
                                                           -------------------   -------------------   --------------------
          Net realized gains (losses).....................              53,644                 5,216                  7,703
                                                           -------------------   -------------------   --------------------
      Change in unrealized gains (losses) on investments..             106,485                83,927               (42,592)
                                                           -------------------   -------------------   --------------------
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................             160,129                89,143               (34,889)
                                                           -------------------   -------------------   --------------------
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $           164,318   $            90,888   $           (34,260)
                                                           ===================   ===================   ====================



                                                                                 MIST HARRIS OAKMARK                       
                                                                                    INTERNATIONAL                          
                                                                                     SUB-ACCOUNT                           
                                                           --------------------------------------------------------------- 
                                                                  2013                  2012                  2011         
                                                           -------------------   -------------------   ------------------- 
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $            48,069   $            29,693   $               470 
                                                           -------------------   -------------------   ------------------- 
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................               8,519                 8,848                 9,474 
                                                           -------------------   -------------------   ------------------- 
          Net investment income (loss)....................              39,550                20,845               (9,004) 
                                                           -------------------   -------------------   ------------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                  --                    --                    -- 
      Realized gains (losses) on sale of investments......             137,352              (18,913)              (16,090) 
                                                           -------------------   -------------------   ------------------- 
          Net realized gains (losses).....................             137,352              (18,913)              (16,090) 
                                                           -------------------   -------------------   ------------------- 
      Change in unrealized gains (losses) on investments..             287,702               415,301             (232,084) 
                                                           -------------------   -------------------   ------------------- 
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................             425,054               396,388             (248,174) 
                                                           -------------------   -------------------   ------------------- 
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $           464,604   $           417,233   $         (257,178) 
                                                           ===================   ===================   =================== 

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                                     MIST INVESCO                          
                                                                                       COMSTOCK                            
                                                                                      SUB-ACCOUNT                          
                                                           --------------------------------------------------------------- 
                                                                  2013                   2012                  2011        
                                                           -------------------   -------------------   ------------------- 
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $             7,557   $             7,250   $             5,285 
                                                           -------------------   -------------------   ------------------- 
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................               2,792                 2,537                 2,338 
                                                           -------------------   -------------------   ------------------- 
          Net investment income (loss)....................               4,765                 4,713                 2,947 
                                                           -------------------   -------------------   ------------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                  --                    --                    -- 
      Realized gains (losses) on sale of investments......              28,592                 2,955               (1,233) 
                                                           -------------------   -------------------   ------------------- 
          Net realized gains (losses).....................              28,592                 2,955               (1,233) 
                                                           -------------------   -------------------   ------------------- 
      Change in unrealized gains (losses) on investments..             141,422                68,426               (9,895) 
                                                           -------------------   -------------------   ------------------- 
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................             170,014                71,381              (11,128) 
                                                           -------------------   -------------------   ------------------- 
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $           174,779   $            76,094   $           (8,181) 
                                                           ===================   ===================   =================== 



                                                                                     MIST INVESCO                          
                                                                                     MID CAP VALUE                         
                                                                                      SUB-ACCOUNT                          
                                                           --------------------------------------------------------------- 
                                                                  2013                   2012                  2011        
                                                           -------------------   -------------------   ------------------- 
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $             3,384   $             2,083   $             2,514 
                                                           -------------------   -------------------   ------------------- 
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................                  35                    52                    57 
                                                           -------------------   -------------------   ------------------- 
          Net investment income (loss)....................               3,349                 2,031                 2,457 
                                                           -------------------   -------------------   ------------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                  --                    --                    -- 
      Realized gains (losses) on sale of investments......               5,742                 (260)                 (887) 
                                                           -------------------   -------------------   ------------------- 
          Net realized gains (losses).....................               5,742                 (260)                 (887) 
                                                           -------------------   -------------------   ------------------- 
      Change in unrealized gains (losses) on investments..              88,086                41,739               (9,181) 
                                                           -------------------   -------------------   ------------------- 
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................              93,828                41,479              (10,068) 
                                                           -------------------   -------------------   ------------------- 
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $            97,177   $            43,510   $           (7,611) 
                                                           ===================   ===================   =================== 



                                                                                     MIST INVESCO                          
                                                                                   SMALL CAP GROWTH                        
                                                                                      SUB-ACCOUNT                          
                                                           ----------------------------------------------------------------
                                                                   2013                  2012                  2011        
                                                           -------------------   -------------------   --------------------
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $             3,084   $                --   $                 --
                                                           -------------------   -------------------   --------------------
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................               3,384                 3,207                  3,165
                                                           -------------------   -------------------   --------------------
          Net investment income (loss)....................               (300)               (3,207)                (3,165)
                                                           -------------------   -------------------   --------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................              41,917                37,112                     --
      Realized gains (losses) on sale of investments......              36,224                24,206                 17,401
                                                           -------------------   -------------------   --------------------
          Net realized gains (losses).....................              78,141                61,318                 17,401
                                                           -------------------   -------------------   --------------------
      Change in unrealized gains (losses) on investments..             163,736                34,660               (19,066)
                                                           -------------------   -------------------   --------------------
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................             241,877                95,978                (1,665)
                                                           -------------------   -------------------   --------------------
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $           241,577   $            92,771   $            (4,830)
                                                           ===================   ===================   ====================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                                   MIST LOOMIS SAYLES                       
                                                                                     GLOBAL MARKETS                         
                                                                                       SUB-ACCOUNT                          
                                                           -----------------------------------------------------------------
                                                                   2013                   2012                  2011        
                                                           --------------------   -------------------   --------------------
                                                                                                                            
INVESTMENT INCOME:                                                                                                          
      Dividends........................................... $             12,124   $             7,775   $              2,954
                                                           --------------------   -------------------   --------------------
EXPENSES:                                                                                                                   
      Mortality and expense risk charges..................                2,593                 2,025                    635
                                                           --------------------   -------------------   --------------------
           Net investment income (loss)...................                9,531                 5,750                  2,319
                                                           --------------------   -------------------   --------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                       
   ON INVESTMENTS:                                                                                                          
      Realized gain distributions.........................                   --                    --                     --
      Realized gains (losses) on sale of investments......                2,217                 1,248                (1,889)
                                                           --------------------   -------------------   --------------------
           Net realized gains (losses)....................                2,217                 1,248                (1,889)
                                                           --------------------   -------------------   --------------------
      Change in unrealized gains (losses) on investments..               62,328                45,002                (4,203)
                                                           --------------------   -------------------   --------------------
      Net realized and changes in unrealized gains                                                                          
        (losses) on investments...........................               64,545                46,250                (6,092)
                                                           --------------------   -------------------   --------------------
      Net increase (decrease) in net assets resulting                                                                       
        from operations................................... $             74,076   $            52,000   $            (3,773)
                                                           ====================   ===================   ====================



                                                                                   MIST LORD ABBETT                         
                                                                                    BOND DEBENTURE                          
                                                                                      SUB-ACCOUNT                           
                                                           ---------------------------------------------------------------- 
                                                                  2013                   2012                  2011         
                                                           -------------------   --------------------   ------------------- 
                                                                                                                            
INVESTMENT INCOME:                                                                                                          
      Dividends........................................... $           110,343   $            122,219   $           128,055 
                                                           -------------------   --------------------   ------------------- 
EXPENSES:                                                                                                                   
      Mortality and expense risk charges..................               4,317                  5,714                 7,752 
                                                           -------------------   --------------------   ------------------- 
           Net investment income (loss)...................             106,026                116,505               120,303 
                                                           -------------------   --------------------   ------------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                       
   ON INVESTMENTS:                                                                                                          
      Realized gain distributions.........................                  --                     --                    -- 
      Realized gains (losses) on sale of investments......              14,353                 58,896                26,780 
                                                           -------------------   --------------------   ------------------- 
           Net realized gains (losses)....................              14,353                 58,896                26,780 
                                                           -------------------   --------------------   ------------------- 
      Change in unrealized gains (losses) on investments..               4,967                 43,141              (51,867) 
                                                           -------------------   --------------------   ------------------- 
      Net realized and changes in unrealized gains                                                                          
        (losses) on investments...........................              19,320                102,037              (25,087) 
                                                           -------------------   --------------------   ------------------- 
      Net increase (decrease) in net assets resulting                                                                       
        from operations................................... $           125,346   $            218,542   $            95,216 
                                                           ===================   ====================   =================== 



                                                                                      MIST METLIFE                          
                                                                                   AGGRESSIVE STRATEGY                      
                                                                                       SUB-ACCOUNT                          
                                                           -----------------------------------------------------------------
                                                                   2013                   2012                  2011        
                                                           --------------------   -------------------   --------------------
                                                                                                                            
INVESTMENT INCOME:                                                                                                          
      Dividends........................................... $              7,190   $             6,675   $             10,241
                                                           --------------------   -------------------   --------------------
EXPENSES:                                                                                                                   
      Mortality and expense risk charges..................                2,443                 4,321                  4,634
                                                           --------------------   -------------------   --------------------
           Net investment income (loss)...................                4,747                 2,354                  5,607
                                                           --------------------   -------------------   --------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                       
   ON INVESTMENTS:                                                                                                          
      Realized gain distributions.........................                   --                    --                     --
      Realized gains (losses) on sale of investments......               70,107               (2,347)                 31,044
                                                           --------------------   -------------------   --------------------
           Net realized gains (losses)....................               70,107               (2,347)                 31,044
                                                           --------------------   -------------------   --------------------
      Change in unrealized gains (losses) on investments..               79,320               118,719               (60,014)
                                                           --------------------   -------------------   --------------------
      Net realized and changes in unrealized gains                                                                          
        (losses) on investments...........................              149,427               116,372               (28,970)
                                                           --------------------   -------------------   --------------------
      Net increase (decrease) in net assets resulting                                                                       
        from operations................................... $            154,174   $           118,726   $           (23,363)
                                                           ====================   ===================   ====================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                                     MIST METLIFE                           
                                                                                   BALANCED STRATEGY                        
                                                                                      SUB-ACCOUNT                           
                                                           -----------------------------------------------------------------
                                                                   2013                  2012                   2011        
                                                           -------------------    -------------------   --------------------
                                                                                                                            
INVESTMENT INCOME:                                                                                                          
      Dividends........................................... $            62,473    $            56,222   $             43,737
                                                           -------------------    -------------------   --------------------
EXPENSES:                                                                                                                   
      Mortality and expense risk charges..................              15,694                 13,452                 12,768
                                                           -------------------    -------------------   --------------------
           Net investment income (loss)...................              46,779                 42,770                 30,969
                                                           -------------------    -------------------   --------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                       
   ON INVESTMENTS:                                                                                                          
      Realized gain distributions.........................                  --                     --                     --
      Realized gains (losses) on sale of investments......              25,407                 14,068                 10,630
                                                           -------------------    -------------------   --------------------
           Net realized gains (losses)....................              25,407                 14,068                 10,630
                                                           -------------------    -------------------   --------------------
      Change in unrealized gains (losses) on investments..             453,723                245,210              (106,177)
                                                           -------------------    -------------------   --------------------
      Net realized and changes in unrealized gains                                                                          
        (losses) on investments...........................             479,130                259,278               (95,547)
                                                           -------------------    -------------------   --------------------
      Net increase (decrease) in net assets resulting                                                                       
        from operations................................... $           525,909    $           302,048   $           (64,578)
                                                           ===================    ===================   ====================



                                                                                     MIST METLIFE                           
                                                                                  DEFENSIVE STRATEGY                        
                                                                                      SUB-ACCOUNT                           
                                                           -----------------------------------------------------------------
                                                                   2013                  2012                   2011        
                                                           -------------------    -------------------   --------------------
                                                                                                                            
INVESTMENT INCOME:                                                                                                          
      Dividends........................................... $             2,514    $             2,034   $              1,448
                                                           -------------------    -------------------   --------------------
EXPENSES:                                                                                                                   
      Mortality and expense risk charges..................                 181                    367                    308
                                                           -------------------    -------------------   --------------------
           Net investment income (loss)...................               2,333                  1,667                  1,140
                                                           -------------------    -------------------   --------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                       
   ON INVESTMENTS:                                                                                                          
      Realized gain distributions.........................               1,874                    573                     --
      Realized gains (losses) on sale of investments......               7,081                    120                     90
                                                           -------------------    -------------------   --------------------
           Net realized gains (losses)....................               8,955                    693                     90
                                                           -------------------    -------------------   --------------------
      Change in unrealized gains (losses) on investments..             (6,849)                  4,318                  (402)
                                                           -------------------    -------------------   --------------------
      Net realized and changes in unrealized gains                                                                          
        (losses) on investments...........................               2,106                  5,011                  (312)
                                                           -------------------    -------------------   --------------------
      Net increase (decrease) in net assets resulting                                                                       
        from operations................................... $             4,439    $             6,678   $                828
                                                           ===================    ===================   ====================



                                                                                      MIST METLIFE                          
                                                                                     GROWTH STRATEGY                        
                                                                                       SUB-ACCOUNT                          
                                                           -----------------------------------------------------------------
                                                                   2013                   2012                   2011       
                                                           --------------------   --------------------   -------------------
                                                                                                                            
INVESTMENT INCOME:                                                                                                          
      Dividends........................................... $             53,725   $             47,107   $            46,874
                                                           --------------------   --------------------   -------------------
EXPENSES:                                                                                                                   
      Mortality and expense risk charges..................               16,268                 14,354                14,967
                                                           --------------------   --------------------   -------------------
           Net investment income (loss)...................               37,457                 32,753                31,907
                                                           --------------------   --------------------   -------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                       
   ON INVESTMENTS:                                                                                                          
      Realized gain distributions.........................                   --                     --                    --
      Realized gains (losses) on sale of investments......               35,645                 19,835               (1,678)
                                                           --------------------   --------------------   -------------------
           Net realized gains (losses)....................               35,645                 19,835               (1,678)
                                                           --------------------   --------------------   -------------------
      Change in unrealized gains (losses) on investments..              630,791                331,481             (141,055)
                                                           --------------------   --------------------   -------------------
      Net realized and changes in unrealized gains                                                                          
        (losses) on investments...........................              666,436                351,316             (142,733)
                                                           --------------------   --------------------   -------------------
      Net increase (decrease) in net assets resulting                                                                       
        from operations................................... $            703,893   $            384,069   $         (110,826)
                                                           ====================   ====================   ===================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                                     MIST METLIFE                          
                                                                                   MODERATE STRATEGY                       
                                                                                      SUB-ACCOUNT                          
                                                           ----------------------------------------------------------------
                                                                   2013                  2012                  2011        
                                                           -------------------   -------------------   --------------------
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $            35,529   $            34,017   $             22,952
                                                           -------------------   -------------------   --------------------
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................               6,101                 6,769                  6,271
                                                           -------------------   -------------------   --------------------
          Net investment income (loss)....................              29,428                27,248                 16,681
                                                           -------------------   -------------------   --------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................               2,474                    --                     --
      Realized gains (losses) on sale of investments......              12,287                 3,692                  3,345
                                                           -------------------   -------------------   --------------------
          Net realized gains (losses).....................              14,761                 3,692                  3,345
                                                           -------------------   -------------------   --------------------
      Change in unrealized gains (losses) on investments..             136,070               108,049               (23,480)
                                                           -------------------   -------------------   --------------------
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................             150,831               111,741               (20,135)
                                                           -------------------   -------------------   --------------------
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $           180,259   $           138,989   $            (3,454)
                                                           ===================   ===================   ====================



                                                                                       MIST MFS                            
                                                                                EMERGING MARKETS EQUITY                    
                                                                                      SUB-ACCOUNT                          
                                                           ----------------------------------------------------------------
                                                                   2013                  2012                  2011        
                                                           -------------------    -------------------   -------------------
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $             4,422    $             3,064   $             9,497
                                                           -------------------    -------------------   -------------------
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................               1,853                  2,025                 3,336
                                                           -------------------    -------------------   -------------------
          Net investment income (loss)....................               2,569                  1,039                 6,161
                                                           -------------------    -------------------   -------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                  --                     --                    --
      Realized gains (losses) on sale of investments......               1,079                 37,884               (2,325)
                                                           -------------------    -------------------   -------------------
          Net realized gains (losses).....................               1,079                 37,884               (2,325)
                                                           -------------------    -------------------   -------------------
      Change in unrealized gains (losses) on investments..            (23,875)                 51,043             (131,793)
                                                           -------------------    -------------------   -------------------
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................            (22,796)                 88,927             (134,118)
                                                           -------------------    -------------------   -------------------
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $          (20,227)    $            89,966   $         (127,957)
                                                           ===================    ===================   ===================



                                                                                   MIST MFS RESEARCH                       
                                                                                     INTERNATIONAL                         
                                                                                      SUB-ACCOUNT                          
                                                           --------------------------------------------------------------- 
                                                                  2013                   2012                  2011        
                                                           -------------------   -------------------   ------------------- 
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $            35,592   $            30,533   $            41,150 
                                                           -------------------   -------------------   ------------------- 
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................               4,909                 6,543                 9,045 
                                                           -------------------   -------------------   ------------------- 
          Net investment income (loss)....................              30,683                23,990                32,105 
                                                           -------------------   -------------------   ------------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                  --                    --                    -- 
      Realized gains (losses) on sale of investments......               2,412              (57,267)             (145,661) 
                                                           -------------------   -------------------   ------------------- 
          Net realized gains (losses).....................               2,412              (57,267)             (145,661) 
                                                           -------------------   -------------------   ------------------- 
      Change in unrealized gains (losses) on investments..             193,594               263,290              (80,831) 
                                                           -------------------   -------------------   ------------------- 
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................             196,006               206,023             (226,492) 
                                                           -------------------   -------------------   ------------------- 
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $           226,689   $           230,013   $         (194,387) 
                                                           ===================   ===================   =================== 

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                                 MIST MORGAN STANLEY                      
                                                                                   MID CAP GROWTH                         
                                                                                     SUB-ACCOUNT                          
                                                           ---------------------------------------------------------------
                                                                   2013                 2012                  2011        
                                                           -------------------   -------------------   -------------------
                                                                                                                          
INVESTMENT INCOME:                                                                                                        
      Dividends........................................... $             1,570   $                --   $             1,377
                                                           -------------------   -------------------   -------------------
EXPENSES:                                                                                                                 
      Mortality and expense risk charges..................                  29                    43                    50
                                                           -------------------   -------------------   -------------------
          Net investment income (loss)....................               1,541                  (43)                 1,327
                                                           -------------------   -------------------   -------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                     
   ON INVESTMENTS:                                                                                                        
      Realized gain distributions.........................                  --                    --                 4,855
      Realized gains (losses) on sale of investments......               4,031                 4,639                13,481
                                                           -------------------   -------------------   -------------------
          Net realized gains (losses).....................               4,031                 4,639                18,336
                                                           -------------------   -------------------   -------------------
      Change in unrealized gains (losses) on investments..              60,340                11,222              (30,804)
                                                           -------------------   -------------------   -------------------
      Net realized and changes in unrealized gains                                                                        
        (losses) on investments...........................              64,371                15,861              (12,468)
                                                           -------------------   -------------------   -------------------
      Net increase (decrease) in net assets resulting                                                                     
        from operations................................... $            65,912   $            15,818   $          (11,141)
                                                           ===================   ===================   ===================



                                                                                      MIST PIMCO                          
                                                                               INFLATION PROTECTED BOND                   
                                                                                      SUB-ACCOUNT                         
                                                           ---------------------------------------------------------------
                                                                   2013                  2012                  2011       
                                                           -------------------   -------------------   -------------------
                                                                                                                          
INVESTMENT INCOME:                                                                                                        
      Dividends........................................... $            30,960   $            56,812   $            33,839
                                                           -------------------   -------------------   -------------------
EXPENSES:                                                                                                                 
      Mortality and expense risk charges..................               5,896                 9,643                 9,773
                                                           -------------------   -------------------   -------------------
          Net investment income (loss)....................              25,064                47,169                24,066
                                                           -------------------   -------------------   -------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                     
   ON INVESTMENTS:                                                                                                        
      Realized gain distributions.........................              73,677               104,259                86,922
      Realized gains (losses) on sale of investments......             (7,524)                29,923                32,819
                                                           -------------------   -------------------   -------------------
          Net realized gains (losses).....................              66,153               134,182               119,741
                                                           -------------------   -------------------   -------------------
      Change in unrealized gains (losses) on investments..           (198,310)              (34,741)                41,480
                                                           -------------------   -------------------   -------------------
      Net realized and changes in unrealized gains                                                                        
        (losses) on investments...........................           (132,157)                99,441               161,221
                                                           -------------------   -------------------   -------------------
      Net increase (decrease) in net assets resulting                                                                     
        from operations................................... $         (107,093)   $           146,610   $           185,287
                                                           ===================   ===================   ===================



                                                                                     MIST PIMCO                           
                                                                                    TOTAL RETURN                          
                                                                                     SUB-ACCOUNT                          
                                                           ---------------------------------------------------------------
                                                                   2013                 2012                  2011        
                                                           -------------------   -------------------   -------------------
                                                                                                                          
INVESTMENT INCOME:                                                                                                        
      Dividends........................................... $           144,628   $           113,386   $            89,944
                                                           -------------------   -------------------   -------------------
EXPENSES:                                                                                                                 
      Mortality and expense risk charges..................              13,171                16,788                16,403
                                                           -------------------   -------------------   -------------------
          Net investment income (loss)....................             131,457                96,598                73,541
                                                           -------------------   -------------------   -------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                     
   ON INVESTMENTS:                                                                                                        
      Realized gain distributions.........................              63,489                    --                96,762
      Realized gains (losses) on sale of investments......              15,258                63,111                39,769
                                                           -------------------   -------------------   -------------------
          Net realized gains (losses).....................              78,747                63,111               136,531
                                                           -------------------   -------------------   -------------------
      Change in unrealized gains (losses) on investments..           (276,499)               129,629             (119,415)
                                                           -------------------   -------------------   -------------------
      Net realized and changes in unrealized gains                                                                        
        (losses) on investments...........................           (197,752)               192,740                17,116
                                                           -------------------   -------------------   -------------------
      Net increase (decrease) in net assets resulting                                                                     
        from operations................................... $          (66,295)   $           289,338   $            90,657
                                                           ===================   ===================   ===================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                                         MIST                               
                                                                                     PIONEER FUND                           
                                                                                      SUB-ACCOUNT                           
                                                           ---------------------------------------------------------------- 
                                                                   2013                  2012                  2011         
                                                           -------------------   --------------------   ------------------- 
                                                                                                                            
INVESTMENT INCOME:                                                                                                          
      Dividends........................................... $            14,262   $              5,929   $             5,162 
                                                           -------------------   --------------------   ------------------- 
EXPENSES:                                                                                                                   
      Mortality and expense risk charges..................                  --                     --                    -- 
                                                           -------------------   --------------------   ------------------- 
           Net investment income (loss)...................              14,262                  5,929                 5,162 
                                                           -------------------   --------------------   ------------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                       
   ON INVESTMENTS:                                                                                                          
      Realized gain distributions.........................                  --                     --                    -- 
      Realized gains (losses) on sale of investments......              13,299                  7,729                17,337 
                                                           -------------------   --------------------   ------------------- 
           Net realized gains (losses)....................              13,299                  7,729                17,337 
                                                           -------------------   --------------------   ------------------- 
      Change in unrealized gains (losses) on investments..              98,521                 26,112              (39,356) 
                                                           -------------------   --------------------   ------------------- 
      Net realized and changes in unrealized gains                                                                          
        (losses) on investments...........................             111,820                 33,841              (22,019) 
                                                           -------------------   --------------------   ------------------- 
      Net increase (decrease) in net assets resulting                                                                       
        from operations................................... $           126,082   $             39,770   $          (16,857) 
                                                           ===================   ====================   =================== 



                                                                                  MIST T. ROWE PRICE                        
                                                                                    LARGE CAP VALUE                         
                                                                                      SUB-ACCOUNT                           
                                                           ---------------------------------------------------------------- 
                                                                   2013                  2012                  2011         
                                                           -------------------   --------------------   ------------------- 
                                                                                                                            
INVESTMENT INCOME:                                                                                                          
      Dividends........................................... $            97,809   $             83,309   $            45,099 
                                                           -------------------   --------------------   ------------------- 
EXPENSES:                                                                                                                   
      Mortality and expense risk charges..................              12,333                 12,871                13,856 
                                                           -------------------   --------------------   ------------------- 
           Net investment income (loss)...................              85,476                 70,438                31,243 
                                                           -------------------   --------------------   ------------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                       
   ON INVESTMENTS:                                                                                                          
      Realized gain distributions.........................                  --                     --                    -- 
      Realized gains (losses) on sale of investments......             263,099               (22,553)              (87,769) 
                                                           -------------------   --------------------   ------------------- 
           Net realized gains (losses)....................             263,099               (22,553)              (87,769) 
                                                           -------------------   --------------------   ------------------- 
      Change in unrealized gains (losses) on investments..           1,267,456                764,715             (141,705) 
                                                           -------------------   --------------------   ------------------- 
      Net realized and changes in unrealized gains                                                                          
        (losses) on investments...........................           1,530,555                742,162             (229,474) 
                                                           -------------------   --------------------   ------------------- 
      Net increase (decrease) in net assets resulting                                                                       
        from operations................................... $         1,616,031   $            812,600   $         (198,231) 
                                                           ===================   ====================   =================== 



                                                                                  MIST T. ROWE PRICE                        
                                                                                    MID CAP GROWTH                          
                                                                                      SUB-ACCOUNT                           
                                                           -----------------------------------------------------------------
                                                                   2013                  2012                   2011        
                                                           --------------------   -------------------   --------------------
                                                                                                                            
INVESTMENT INCOME:                                                                                                          
      Dividends........................................... $              6,233   $                --   $                 --
                                                           --------------------   -------------------   --------------------
EXPENSES:                                                                                                                   
      Mortality and expense risk charges..................                6,853                 7,999                  8,572
                                                           --------------------   -------------------   --------------------
           Net investment income (loss)...................                (620)               (7,999)                (8,572)
                                                           --------------------   -------------------   --------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                       
   ON INVESTMENTS:                                                                                                          
      Realized gain distributions.........................               77,008               187,945                 39,279
      Realized gains (losses) on sale of investments......              107,436                50,662                 97,972
                                                           --------------------   -------------------   --------------------
           Net realized gains (losses)....................              184,444               238,607                137,251
                                                           --------------------   -------------------   --------------------
      Change in unrealized gains (losses) on investments..              284,405              (41,529)              (146,593)
                                                           --------------------   -------------------   --------------------
      Net realized and changes in unrealized gains                                                                          
        (losses) on investments...........................              468,849               197,078                (9,342)
                                                           --------------------   -------------------   --------------------
      Net increase (decrease) in net assets resulting                                                                       
        from operations................................... $            468,229   $           189,079   $           (17,914)
                                                           ====================   ===================   ====================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                                   MIST THIRD AVENUE                       
                                                                                    SMALL CAP VALUE                        
                                                                                      SUB-ACCOUNT                          
                                                           ----------------------------------------------------------------
                                                                  2013                   2012                  2011        
                                                           -------------------   -------------------   --------------------
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $            13,197   $                --   $             19,179
                                                           -------------------   -------------------   --------------------
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................               4,941                 7,325                  8,160
                                                           -------------------   -------------------   --------------------
           Net investment income (loss)...................               8,256               (7,325)                 11,019
                                                           -------------------   -------------------   --------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                  --                    --                     --
      Realized gains (losses) on sale of investments......             139,254                 1,093                 10,631
                                                           -------------------   -------------------   --------------------
           Net realized gains (losses)....................             139,254                 1,093                 10,631
                                                           -------------------   -------------------   --------------------
      Change in unrealized gains (losses) on investments..             149,644               222,173              (161,327)
                                                           -------------------   -------------------   --------------------
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................             288,898               223,266              (150,696)
                                                           -------------------   -------------------   --------------------
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $           297,154   $           215,941   $          (139,677)
                                                           ===================   ===================   ====================



                                                                                     MSF BLACKROCK                         
                                                                                      BOND INCOME                          
                                                                                      SUB-ACCOUNT                          
                                                           ----------------------------------------------------------------
                                                                   2013                  2012                   2011       
                                                           --------------------   -------------------   -------------------
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $                443   $               358   $               576
                                                           --------------------   -------------------   -------------------
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................                   25                    53                    63
                                                           --------------------   -------------------   -------------------
           Net investment income (loss)...................                  418                   305                   513
                                                           --------------------   -------------------   -------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                  270                    86                    --
      Realized gains (losses) on sale of investments......                   52                   224                    49
                                                           --------------------   -------------------   -------------------
           Net realized gains (losses)....................                  322                   310                    49
                                                           --------------------   -------------------   -------------------
      Change in unrealized gains (losses) on investments..                (848)                   270                   286
                                                           --------------------   -------------------   -------------------
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................                (526)                   580                   335
                                                           --------------------   -------------------   -------------------
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $              (108)   $               885   $               848
                                                           ====================   ===================   ===================



                                                                                     MSF BLACKROCK                         
                                                                                 CAPITAL APPRECIATION                      
                                                                                      SUB-ACCOUNT                          
                                                           ----------------------------------------------------------------
                                                                   2013                  2012                   2011       
                                                           --------------------   -------------------   -------------------
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $              1,454   $               502   $               309
                                                           --------------------   -------------------   -------------------
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................                   50                   107                   105
                                                           --------------------   -------------------   -------------------
           Net investment income (loss)...................                1,404                   395                   204
                                                           --------------------   -------------------   -------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                   --                    --                    --
      Realized gains (losses) on sale of investments......               31,970                 5,636                 5,458
                                                           --------------------   -------------------   -------------------
           Net realized gains (losses)....................               31,970                 5,636                 5,458
                                                           --------------------   -------------------   -------------------
      Change in unrealized gains (losses) on investments..               15,385                15,237              (20,463)
                                                           --------------------   -------------------   -------------------
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................               47,355                20,873              (15,005)
                                                           --------------------   -------------------   -------------------
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $             48,759   $            21,268   $          (14,801)
                                                           ====================   ===================   ===================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                                MSF BLACKROCK                     
                                                                                MONEY MARKET                      
                                                                                 SUB-ACCOUNT                      
                                                           -------------------------------------------------------
                                                                 2013               2012               2011       
                                                           -----------------  ----------------   ---------------- 
                                                                                                                  
INVESTMENT INCOME:                                                                                                
      Dividends........................................... $              --  $             --   $             -- 
                                                           -----------------  ----------------   ---------------- 
EXPENSES:                                                                                                         
      Mortality and expense risk charges..................             8,822            17,476             17,436 
                                                           -----------------  ----------------   ---------------- 
           Net investment income (loss)...................           (8,822)          (17,476)           (17,436) 
                                                           -----------------  ----------------   ---------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                             
   ON INVESTMENTS:                                                                                                
      Realized gain distributions.........................                --                --                 -- 
      Realized gains (losses) on sale of investments......                --                --                 -- 
                                                           -----------------  ----------------   ---------------- 
           Net realized gains (losses)....................                --                --                 -- 
                                                           -----------------  ----------------   ---------------- 
      Change in unrealized gains (losses) on investments..                --                --                 -- 
                                                           -----------------  ----------------   ---------------- 
      Net realized and changes in unrealized gains                                                                
        (losses) on investments...........................                --                --                 -- 
                                                           -----------------  ----------------   ---------------- 
      Net increase (decrease) in net assets resulting                                                             
        from operations................................... $         (8,822)  $       (17,476)   $       (17,436) 
                                                           =================  ================   ================ 



                                                                                  MSF DAVIS                       
                                                                                VENTURE VALUE                     
                                                                                 SUB-ACCOUNT                      
                                                           ------------------------------------------------------ 
                                                                 2013               2012               2011       
                                                           ----------------   ----------------   ---------------- 
                                                                                                                  
INVESTMENT INCOME:                                                                                                
      Dividends........................................... $         34,941   $         24,753   $         37,659 
                                                           ----------------   ----------------   ---------------- 
EXPENSES:                                                                                                         
      Mortality and expense risk charges..................           11,575             15,597             17,694 
                                                           ----------------   ----------------   ---------------- 
           Net investment income (loss)...................           23,366              9,156             19,965 
                                                           ----------------   ----------------   ---------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                             
   ON INVESTMENTS:                                                                                                
      Realized gain distributions.........................           41,731                 --                 -- 
      Realized gains (losses) on sale of investments......          228,951             43,829             62,202 
                                                           ----------------   ----------------   ---------------- 
           Net realized gains (losses)....................          270,682             43,829             62,202 
                                                           ----------------   ----------------   ---------------- 
      Change in unrealized gains (losses) on investments..          426,985            277,376          (216,138) 
                                                           ----------------   ----------------   ---------------- 
      Net realized and changes in unrealized gains                                                                
        (losses) on investments...........................          697,667            321,205          (153,936) 
                                                           ----------------   ----------------   ---------------- 
      Net increase (decrease) in net assets resulting                                                             
        from operations................................... $        721,033   $        330,361   $      (133,971) 
                                                           ================   ================   ================ 



                                                             MSF FRONTIER                                         
                                                            MID CAP GROWTH                                        
                                                              SUB-ACCOUNT                                         
                                                           -----------------                                      
                                                               2013 (a)                                           
                                                           -----------------                                      
                                                                                                                  
INVESTMENT INCOME:                                                                                                
      Dividends........................................... $              --                                      
                                                           -----------------                                      
EXPENSES:                                                                                                         
      Mortality and expense risk charges..................               783                                      
                                                           -----------------                                      
           Net investment income (loss)...................             (783)                                      
                                                           -----------------                                      
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                             
   ON INVESTMENTS:                                                                                                
      Realized gain distributions.........................                --                                      
      Realized gains (losses) on sale of investments......             3,538                                      
                                                           -----------------                                      
           Net realized gains (losses)....................             3,538                                      
                                                           -----------------                                      
      Change in unrealized gains (losses) on investments..            48,657                                      
                                                           -----------------                                      
      Net realized and changes in unrealized gains                                                                
        (losses) on investments...........................            52,195                                      
                                                           -----------------                                      
      Net increase (decrease) in net assets resulting                                                             
        from operations................................... $          51,412                                      
                                                           =================                                      



                                                                                MSF JENNISON                      
                                                                                   GROWTH                         
                                                                                 SUB-ACCOUNT                      
                                                           -------------------------------------------------------
                                                                 2013               2012               2011       
                                                           ----------------   -----------------  -----------------
                                                                                                                  
INVESTMENT INCOME:                                                                                                
      Dividends........................................... $          8,732   $           2,479  $           2,824
                                                           ----------------   -----------------  -----------------
EXPENSES:                                                                                                         
      Mortality and expense risk charges..................            9,920               9,660              5,670
                                                           ----------------   -----------------  -----------------
           Net investment income (loss)...................          (1,188)             (7,181)            (2,846)
                                                           ----------------   -----------------  -----------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                             
   ON INVESTMENTS:                                                                                                
      Realized gain distributions.........................           21,434             174,651                 --
      Realized gains (losses) on sale of investments......           59,203                  66             24,074
                                                           ----------------   -----------------  -----------------
           Net realized gains (losses)....................           80,637             174,717             24,074
                                                           ----------------   -----------------  -----------------
      Change in unrealized gains (losses) on investments..          573,524            (72,196)           (21,181)
                                                           ----------------   -----------------  -----------------
      Net realized and changes in unrealized gains                                                                
        (losses) on investments...........................          654,161             102,521              2,893
                                                           ----------------   -----------------  -----------------
      Net increase (decrease) in net assets resulting                                                             
        from operations................................... $        652,973   $          95,340  $              47
                                                           ================   =================  =================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                           MSF MET/ARTISAN MID CAP                
                                                                                    VALUE                         
                                                                                 SUB-ACCOUNT                      
                                                           -------------------------------------------------------
                                                                 2013               2012               2011       
                                                           -----------------  ----------------   ---------------- 
                                                                                                                  
INVESTMENT INCOME:                                                                                                
      Dividends........................................... $           9,218  $          8,425   $          8,286 
                                                           -----------------  ----------------   ---------------- 
EXPENSES:                                                                                                         
      Mortality and expense risk charges..................             4,210             4,562              4,661 
                                                           -----------------  ----------------   ---------------- 
           Net investment income (loss)...................             5,008             3,863              3,625 
                                                           -----------------  ----------------   ---------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                             
   ON INVESTMENTS:                                                                                                
      Realized gain distributions.........................                --                --                 -- 
      Realized gains (losses) on sale of investments......            34,175          (19,295)           (38,362) 
                                                           -----------------  ----------------   ---------------- 
           Net realized gains (losses)....................            34,175          (19,295)           (38,362) 
                                                           -----------------  ----------------   ---------------- 
      Change in unrealized gains (losses) on investments..           239,251           101,754             84,351 
                                                           -----------------  ----------------   ---------------- 
      Net realized and changes in unrealized gains                                                                
        (losses) on investments...........................           273,426            82,459             45,989 
                                                           -----------------  ----------------   ---------------- 
      Net increase (decrease) in net assets resulting                                                             
        from operations................................... $         278,434  $         86,322   $         49,614 
                                                           =================  ================   ================ 



                                                                                     MSF                          
                                                                             METLIFE STOCK INDEX                  
                                                                                 SUB-ACCOUNT                      
                                                           ------------------------------------------------------ 
                                                                 2013               2012               2011       
                                                           ----------------   ----------------   ---------------- 
                                                                                                                  
INVESTMENT INCOME:                                                                                                
      Dividends........................................... $         29,617   $         27,234   $         23,077 
                                                           ----------------   ----------------   ---------------- 
EXPENSES:                                                                                                         
      Mortality and expense risk charges..................            7,377              8,367              7,849 
                                                           ----------------   ----------------   ---------------- 
           Net investment income (loss)...................           22,240             18,867             15,228 
                                                           ----------------   ----------------   ---------------- 
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                             
   ON INVESTMENTS:                                                                                                
      Realized gain distributions.........................           24,032             10,932              8,492 
      Realized gains (losses) on sale of investments......          186,892             23,173              7,780 
                                                           ----------------   ----------------   ---------------- 
           Net realized gains (losses)....................          210,924             34,105             16,272 
                                                           ----------------   ----------------   ---------------- 
      Change in unrealized gains (losses) on investments..          236,918            164,621           (11,145) 
                                                           ----------------   ----------------   ---------------- 
      Net realized and changes in unrealized gains                                                                
        (losses) on investments...........................          447,842            198,726              5,127 
                                                           ----------------   ----------------   ---------------- 
      Net increase (decrease) in net assets resulting                                                             
        from operations................................... $        470,082   $        217,593   $         20,355 
                                                           ================   ================   ================ 



                                                             MSF NEUBERGER                                        
                                                            BERMAN GENESIS                                        
                                                              SUB-ACCOUNT                                         
                                                           -----------------                                      
                                                               2013 (a)                                           
                                                           -----------------                                      
                                                                                                                  
INVESTMENT INCOME:                                                                                                
      Dividends........................................... $              --                                      
                                                           -----------------                                      
EXPENSES:                                                                                                         
      Mortality and expense risk charges..................             2,233                                      
                                                           -----------------                                      
           Net investment income (loss)...................           (2,233)                                      
                                                           -----------------                                      
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                             
   ON INVESTMENTS:                                                                                                
      Realized gain distributions.........................                --                                      
      Realized gains (losses) on sale of investments......             8,016                                      
                                                           -----------------                                      
           Net realized gains (losses)....................             8,016                                      
                                                           -----------------                                      
      Change in unrealized gains (losses) on investments..           209,163                                      
                                                           -----------------                                      
      Net realized and changes in unrealized gains                                                                
        (losses) on investments...........................           217,179                                      
                                                           -----------------                                      
      Net increase (decrease) in net assets resulting                                                             
        from operations................................... $         214,946                                      
                                                           =================                                      



                                                                              MSF T. ROWE PRICE                   
                                                                              LARGE CAP GROWTH                    
                                                                                 SUB-ACCOUNT                      
                                                           -------------------------------------------------------
                                                                 2013               2012               2011       
                                                           ----------------   -----------------  -----------------
                                                                                                                  
INVESTMENT INCOME:                                                                                                
      Dividends........................................... $            514   $             177  $             112
                                                           ----------------   -----------------  -----------------
EXPENSES:                                                                                                         
      Mortality and expense risk charges..................              941                  56                 52
                                                           ----------------   -----------------  -----------------
           Net investment income (loss)...................            (427)                 121                 60
                                                           ----------------   -----------------  -----------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                             
   ON INVESTMENTS:                                                                                                
      Realized gain distributions.........................               --                  --                 --
      Realized gains (losses) on sale of investments......            7,111               1,293                885
                                                           ----------------   -----------------  -----------------
           Net realized gains (losses)....................            7,111               1,293                885
                                                           ----------------   -----------------  -----------------
      Change in unrealized gains (losses) on investments..          115,168              22,589            (2,365)
                                                           ----------------   -----------------  -----------------
      Net realized and changes in unrealized gains                                                                
        (losses) on investments...........................          122,279              23,882            (1,480)
                                                           ----------------   -----------------  -----------------
      Net increase (decrease) in net assets resulting                                                             
        from operations................................... $        121,852   $          24,003  $         (1,420)
                                                           ================   =================  =================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONCLUDED)   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]


                                                                                   MSF T. ROWE PRICE                       
                                                                                   SMALL CAP GROWTH                        
                                                                                      SUB-ACCOUNT                          
                                                           ----------------------------------------------------------------
                                                                   2013                  2012                  2011        
                                                           -------------------   --------------------   -------------------
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $                59   $                 --                      
                                                           -------------------   --------------------   -------------------
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................                   1                      3                     4
                                                           -------------------   --------------------   -------------------
          Net investment income (loss)....................                  58                    (3)                   (4)
                                                           -------------------   --------------------   -------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                 904                  1,354                    --
      Realized gains (losses) on sale of investments......                 160                    129                   737
                                                           -------------------   --------------------   -------------------
          Net realized gains (losses).....................               1,064                  1,483                   737
                                                           -------------------   --------------------   -------------------
      Change in unrealized gains (losses) on investments..               5,274                    568                 (447)
                                                           -------------------   --------------------   -------------------
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................               6,338                  2,051                   290
                                                           -------------------   --------------------   -------------------
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $             6,396   $              2,048   $               286
                                                           ===================   ====================   ===================



                                                                             MSF WESTERN ASSET MANAGEMENT                  
                                                                                    U.S. GOVERNMENT                        
                                                                                      SUB-ACCOUNT                          
                                                           ----------------------------------------------------------------
                                                                   2013                  2012                  2011        
                                                           --------------------   -------------------   -------------------
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $              2,091   $             2,140   $             1,489
                                                           --------------------   -------------------   -------------------
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................                  457                   566                   604
                                                           --------------------   -------------------   -------------------
          Net investment income (loss)....................                1,634                 1,574                   885
                                                           --------------------   -------------------   -------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                   --                    --                 3,417
      Realized gains (losses) on sale of investments......                  336                   170                 1,665
                                                           --------------------   -------------------   -------------------
          Net realized gains (losses).....................                  336                   170                 5,082
                                                           --------------------   -------------------   -------------------
      Change in unrealized gains (losses) on investments..              (2,897)                 1,103                 (619)
                                                           --------------------   -------------------   -------------------
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................              (2,561)                 1,273                 4,463
                                                           --------------------   -------------------   -------------------
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $              (927)   $             2,847   $             5,348
                                                           ====================   ===================   ===================



                                                                                       PUTNAM VT                           
                                                                                   MULTI-CAP GROWTH                        
                                                                                      SUB-ACCOUNT                          
                                                           ----------------------------------------------------------------
                                                                   2013                  2012                  2011        
                                                           -------------------   --------------------   -------------------
                                                                                                                           
INVESTMENT INCOME:                                                                                                         
      Dividends........................................... $               126   $                 74   $                56
                                                           -------------------   --------------------   -------------------
EXPENSES:                                                                                                                  
      Mortality and expense risk charges..................                  43                     62                    63
                                                           -------------------   --------------------   -------------------
          Net investment income (loss)....................                  83                     12                   (7)
                                                           -------------------   --------------------   -------------------
NET REALIZED AND CHANGES IN UNREALIZED GAINS (LOSSES)                                                                      
   ON INVESTMENTS:                                                                                                         
      Realized gain distributions.........................                  --                     --                    --
      Realized gains (losses) on sale of investments......                 254                    170                   137
                                                           -------------------   --------------------   -------------------
          Net realized gains (losses).....................                 254                    170                   137
                                                           -------------------   --------------------   -------------------
      Change in unrealized gains (losses) on investments..               5,141                  2,021                 (870)
                                                           -------------------   --------------------   -------------------
      Net realized and changes in unrealized gains                                                                         
        (losses) on investments...........................               5,395                  2,191                 (733)
                                                           -------------------   --------------------   -------------------
      Net increase (decrease) in net assets resulting                                                                      
        from operations................................... $             5,478   $              2,203   $             (740)
                                                           ===================   ====================   ===================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS   
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                                  FTVIPT TEMPLETON                          
                                                                                 FOREIGN SECURITIES                         
                                                                                     SUB-ACCOUNT                            
                                                        --------------------------------------------------------------------
                                                                 2013                   2012                    2011        
                                                        ---------------------   --------------------    --------------------
                                                                                                                            
INCREASE (DECREASE) IN NET ASSETS:                                                                                          
FROM OPERATIONS:                                                                                                            
   Net investment income (loss)........................ $               3,034   $              3,109    $              1,945
   Net realized gains (losses).........................                  (72)                  (620)                 (2,040)
   Change in unrealized gains (losses) on investments..                22,649                 14,588                (10,842)
                                                        ---------------------   --------------------    --------------------
     Net increase (decrease) in net assets resulting                                                                        
        from operations................................                25,611                 17,077                (10,937)
                                                        ---------------------   --------------------    --------------------
POLICY TRANSACTIONS:                                                                                                        
   Premium payments received from policy owners........                   326                    253                     253
   Net transfers (including fixed account).............                 2,854                    931                     476
   Policy charges......................................               (2,586)                (2,605)                 (2,151)
   Transfers for policy benefits and terminations......                  (21)                     --                (11,354)
                                                        ---------------------   --------------------    --------------------
     Net increase (decrease) in net assets resulting                                                                        
        from policy transactions.......................                   573                (1,421)                (12,776)
                                                        ---------------------   --------------------    --------------------
     Net increase (decrease) in net assets.............                26,184                 15,656                (23,713)
NET ASSETS:                                                                                                                 
   Beginning of year...................................               108,569                 92,913                 116,626
                                                        ---------------------   --------------------    --------------------
   End of year......................................... $             134,753   $            108,569    $             92,913
                                                        =====================   ====================    ====================


                                                                                    INVESCO V.I.                            
                                                                                INTERNATIONAL GROWTH                        
                                                                                     SUB-ACCOUNT                            
                                                        --------------------------------------------------------------------
                                                                2013                    2012                   2011         
                                                        --------------------    --------------------   ---------------------
                                                                                                                            
INCREASE (DECREASE) IN NET ASSETS:                                                                                          
FROM OPERATIONS:                                                                                                            
   Net investment income (loss)........................ $                603    $                588   $                 715
   Net realized gains (losses).........................                  232                     175                   3,056
   Change in unrealized gains (losses) on investments..                7,703                   4,927                 (5,865)
                                                        --------------------    --------------------   ---------------------
     Net increase (decrease) in net assets resulting                                                                        
        from operations................................                8,538                   5,690                 (2,094)
                                                        --------------------    --------------------   ---------------------
POLICY TRANSACTIONS:                                                                                                        
   Premium payments received from policy owners........                  102                     102                     102
   Net transfers (including fixed account).............                3,610                     650                   (389)
   Policy charges......................................                (722)                   (638)                   (713)
   Transfers for policy benefits and terminations......                  (7)                     (3)                 (7,827)
                                                        --------------------    --------------------   ---------------------
     Net increase (decrease) in net assets resulting                                                                        
        from policy transactions.......................                2,983                     111                 (8,827)
                                                        --------------------    --------------------   ---------------------
     Net increase (decrease) in net assets.............               11,521                   5,801                (10,921)
NET ASSETS:                                                                                                                 
   Beginning of year...................................               42,370                  36,569                  47,490
                                                        --------------------    --------------------   ---------------------
   End of year......................................... $             53,891    $             42,370   $              36,569
                                                        ====================    ====================   =====================


                                                                                 MIST CLARION GLOBAL                        
                                                                                     REAL ESTATE                            
                                                                                     SUB-ACCOUNT                            
                                                        ------------------------------------------------------------------- 
                                                                2013                    2012                   2011         
                                                        --------------------   ---------------------   -------------------- 
                                                                                                                            
INCREASE (DECREASE) IN NET ASSETS:                                                                                          
FROM OPERATIONS:                                                                                                            
   Net investment income (loss)........................ $             20,486   $               4,751   $             11,611 
   Net realized gains (losses).........................                4,902                 (4,619)                (6,582) 
   Change in unrealized gains (losses) on investments..             (12,829)                  69,616               (19,550) 
                                                        --------------------   ---------------------   -------------------- 
     Net increase (decrease) in net assets resulting                                                                        
        from operations................................               12,559                  69,748               (14,521) 
                                                        --------------------   ---------------------   -------------------- 
POLICY TRANSACTIONS:                                                                                                        
   Premium payments received from policy owners........               13,379                  41,213                 22,396 
   Net transfers (including fixed account).............              (9,053)                (16,996)               (22,435) 
   Policy charges......................................             (18,448)                (20,073)               (21,537) 
   Transfers for policy benefits and terminations......              (6,309)                (18,321)               (37,279) 
                                                        --------------------   ---------------------   -------------------- 
     Net increase (decrease) in net assets resulting                                                                        
        from policy transactions.......................             (20,431)                (14,177)               (58,855) 
                                                        --------------------   ---------------------   -------------------- 
     Net increase (decrease) in net assets.............              (7,872)                  55,571               (73,376) 
NET ASSETS:                                                                                                                 
   Beginning of year...................................              338,836                 283,265                356,641 
                                                        --------------------   ---------------------   -------------------- 
   End of year......................................... $            330,964   $             338,836   $            283,265 
                                                        ====================   =====================   ==================== 

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                                MIST CLEARBRIDGE                        
                                                                                AGGRESSIVE GROWTH                       
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                   2011       
                                                        --------------------   -------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $               (44)   $           (1,455)   $           (1,943)
   Net realized gains (losses).........................               86,551                16,618                19,422
   Change in unrealized gains (losses) on investments..               53,141                59,994               (3,188)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................              139,648                75,157                14,291
                                                        --------------------   -------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........               38,965                38,299                34,794
   Net transfers (including fixed account).............               69,909              (41,902)              (47,341)
   Policy charges......................................             (29,056)              (32,642)              (32,727)
   Transfers for policy benefits and terminations......            (297,394)              (13,291)              (50,710)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................            (217,576)              (49,536)              (95,984)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets.............             (77,928)                25,621              (81,693)
NET ASSETS:                                                                                                             
   Beginning of year...................................              450,353               424,732               506,425
                                                        --------------------   -------------------   -------------------
   End of year......................................... $            372,425   $           450,353   $           424,732
                                                        ====================   ===================   ===================


                                                                               MIST GOLDMAN SACHS                       
                                                                                  MID CAP VALUE                         
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                  2011        
                                                        -------------------   --------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $             4,189   $              1,745   $               629
   Net realized gains (losses).........................              53,644                  5,216                 7,703
   Change in unrealized gains (losses) on investments..             106,485                 83,927              (42,592)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................             164,318                 90,888              (34,260)
                                                        -------------------   --------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........              15,134                 15,954                19,837
   Net transfers (including fixed account).............            (36,320)               (18,940)              (60,263)
   Policy charges......................................            (23,041)               (27,116)              (28,548)
   Transfers for policy benefits and terminations......            (82,072)               (33,739)              (33,575)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................           (126,299)               (63,841)             (102,549)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets.............              38,019                 27,047             (136,809)
NET ASSETS:                                                                                                             
   Beginning of year...................................             568,479                541,432               678,241
                                                        -------------------   --------------------   -------------------
   End of year......................................... $           606,498   $            568,479   $           541,432
                                                        ===================   ====================   ===================


                                                                               MIST HARRIS OAKMARK                      
                                                                                  INTERNATIONAL                         
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                  2011        
                                                        -------------------   --------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $            39,550   $             20,845   $           (9,004)
   Net realized gains (losses).........................             137,352               (18,913)              (16,090)
   Change in unrealized gains (losses) on investments..             287,702                415,301             (232,084)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................             464,604                417,233             (257,178)
                                                        -------------------   --------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........              54,950                 63,083                63,892
   Net transfers (including fixed account).............             (5,918)                (9,838)                27,784
   Policy charges......................................            (88,084)               (92,579)              (95,917)
   Transfers for policy benefits and terminations......           (335,502)               (91,401)             (397,326)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................           (374,554)              (130,735)             (401,567)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets.............              90,050                286,498             (658,745)
NET ASSETS:                                                                                                             
   Beginning of year...................................           1,772,605              1,486,107             2,144,852
                                                        -------------------   --------------------   -------------------
   End of year......................................... $         1,862,655   $          1,772,605   $         1,486,107
                                                        ===================   ====================   ===================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                                  MIST INVESCO                          
                                                                                    COMSTOCK                            
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                   2011       
                                                        --------------------   -------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $              4,765   $             4,713   $             2,947
   Net realized gains (losses).........................               28,592                 2,955               (1,233)
   Change in unrealized gains (losses) on investments..              141,422                68,426               (9,895)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................              174,779                76,094               (8,181)
                                                        --------------------   -------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........               29,655                12,619                21,554
   Net transfers (including fixed account).............              (8,297)                26,673                56,765
   Policy charges......................................             (29,154)              (27,145)              (27,049)
   Transfers for policy benefits and terminations......             (10,848)              (12,481)               (4,269)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................             (18,644)                 (334)                47,001
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets.............              156,135                75,760                38,820
NET ASSETS:                                                                                                             
   Beginning of year...................................              515,450               439,690               400,870
                                                        --------------------   -------------------   -------------------
   End of year......................................... $            671,585   $           515,450   $           439,690
                                                        ====================   ===================   ===================


                                                                                  MIST INVESCO                          
                                                                                  MID CAP VALUE                         
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                  2011        
                                                        -------------------   --------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $             3,349   $              2,031   $             2,457
   Net realized gains (losses).........................               5,742                  (260)                 (887)
   Change in unrealized gains (losses) on investments..              88,086                 41,739               (9,181)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................              97,177                 43,510               (7,611)
                                                        -------------------   --------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........                 281                    281                   281
   Net transfers (including fixed account).............               1,241                    518               (1,749)
   Policy charges......................................            (11,076)               (10,196)               (9,361)
   Transfers for policy benefits and terminations......            (16,948)                  (276)              (43,376)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................            (26,502)                (9,673)              (54,205)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets.............              70,675                 33,837              (61,816)
NET ASSETS:                                                                                                             
   Beginning of year...................................             328,233                294,396               356,212
                                                        -------------------   --------------------   -------------------
   End of year......................................... $           398,908   $            328,233   $           294,396
                                                        ===================   ====================   ===================


                                                                                  MIST INVESCO                          
                                                                                SMALL CAP GROWTH                        
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                  2011        
                                                        -------------------   --------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $             (300)   $            (3,207)   $           (3,165)
   Net realized gains (losses).........................              78,141                 61,318                17,401
   Change in unrealized gains (losses) on investments..             163,736                 34,660              (19,066)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................             241,577                 92,771               (4,830)
                                                        -------------------   --------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........              46,728                 48,310                34,956
   Net transfers (including fixed account).............              17,487                  7,237                37,443
   Policy charges......................................            (37,272)               (38,732)              (39,779)
   Transfers for policy benefits and terminations......            (15,663)               (29,015)              (61,570)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................              11,280               (12,200)              (28,950)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets.............             252,857                 80,571              (33,780)
NET ASSETS:                                                                                                             
   Beginning of year...................................             598,422                517,851               551,631
                                                        -------------------   --------------------   -------------------
   End of year......................................... $           851,279   $            598,422   $           517,851
                                                        ===================   ====================   ===================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                                MIST LOOMIS SAYLES                       
                                                                                  GLOBAL MARKETS                         
                                                                                    SUB-ACCOUNT                          
                                                        -----------------------------------------------------------------
                                                                2013                   2012                   2011       
                                                        --------------------   --------------------   -------------------
                                                                                                                         
INCREASE (DECREASE) IN NET ASSETS:                                                                                       
FROM OPERATIONS:                                                                                                         
   Net investment income (loss)........................ $              9,531   $              5,750   $             2,319
   Net realized gains (losses).........................                2,217                  1,248               (1,889)
   Change in unrealized gains (losses) on investments..               62,328                 45,002               (4,203)
                                                        --------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                     
        from operations................................               74,076                 52,000               (3,773)
                                                        --------------------   --------------------   -------------------
POLICY TRANSACTIONS:                                                                                                     
   Premium payments received from policy owners........               10,007                  3,410                 3,327
   Net transfers (including fixed account).............               10,506                109,378               197,555
   Policy charges......................................             (12,874)               (10,371)               (7,378)
   Transfers for policy benefits and terminations......                (247)                  (360)                  (38)
                                                        --------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                     
        from policy transactions.......................                7,392                102,057               193,466
                                                        --------------------   --------------------   -------------------
     Net increase (decrease) in net assets.............               81,468                154,057               189,693
NET ASSETS:                                                                                                              
   Beginning of year...................................              438,966                284,909                95,216
                                                        --------------------   --------------------   -------------------
   End of year......................................... $            520,434   $            438,966   $           284,909
                                                        ====================   ====================   ===================


                                                                                 MIST LORD ABBETT                        
                                                                                  BOND DEBENTURE                         
                                                                                    SUB-ACCOUNT                          
                                                        -----------------------------------------------------------------
                                                                2013                   2012                  2011        
                                                        --------------------   -------------------   --------------------
                                                                                                                         
INCREASE (DECREASE) IN NET ASSETS:                                                                                       
FROM OPERATIONS:                                                                                                         
   Net investment income (loss)........................ $            106,026   $           116,505   $            120,303
   Net realized gains (losses).........................               14,353                58,896                 26,780
   Change in unrealized gains (losses) on investments..                4,967                43,141               (51,867)
                                                        --------------------   -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                     
        from operations................................              125,346               218,542                 95,216
                                                        --------------------   -------------------   --------------------
POLICY TRANSACTIONS:                                                                                                     
   Premium payments received from policy owners........               38,626                44,813                 40,930
   Net transfers (including fixed account).............               69,471             (502,808)                  (232)
   Policy charges......................................             (60,869)              (80,694)              (102,868)
   Transfers for policy benefits and terminations......             (60,053)              (73,065)              (237,484)
                                                        --------------------   -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                     
        from policy transactions.......................             (12,825)             (611,754)              (299,654)
                                                        --------------------   -------------------   --------------------
     Net increase (decrease) in net assets.............              112,521             (393,212)              (204,438)
NET ASSETS:                                                                                                              
   Beginning of year...................................            1,611,273             2,004,485              2,208,923
                                                        --------------------   -------------------   --------------------
   End of year......................................... $          1,723,794   $         1,611,273   $          2,004,485
                                                        ====================   ===================   ====================


                                                                                  MIST METLIFE                           
                                                                               AGGRESSIVE STRATEGY                       
                                                                                   SUB-ACCOUNT                           
                                                        -----------------------------------------------------------------
                                                                2013                  2012                   2011        
                                                        --------------------   -------------------   --------------------
                                                                                                                         
INCREASE (DECREASE) IN NET ASSETS:                                                                                       
FROM OPERATIONS:                                                                                                         
   Net investment income (loss)........................ $              4,747   $             2,354   $              5,607
   Net realized gains (losses).........................               70,107               (2,347)                 31,044
   Change in unrealized gains (losses) on investments..               79,320               118,719               (60,014)
                                                        --------------------   -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                     
        from operations................................              154,174               118,726               (23,363)
                                                        --------------------   -------------------   --------------------
POLICY TRANSACTIONS:                                                                                                     
   Premium payments received from policy owners........               24,207                20,105                 24,599
   Net transfers (including fixed account).............            (279,260)                 (262)                    236
   Policy charges......................................             (16,363)              (22,898)               (25,421)
   Transfers for policy benefits and terminations......            (160,794)              (39,196)              (477,577)
                                                        --------------------   -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                     
        from policy transactions.......................            (432,210)              (42,251)              (478,163)
                                                        --------------------   -------------------   --------------------
     Net increase (decrease) in net assets.............            (278,036)                76,475              (501,526)
NET ASSETS:                                                                                                              
   Beginning of year...................................              814,421               737,946              1,239,472
                                                        --------------------   -------------------   --------------------
   End of year......................................... $            536,385   $           814,421   $            737,946
                                                        ====================   ===================   ====================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                                  MIST METLIFE                           
                                                                                BALANCED STRATEGY                        
                                                                                   SUB-ACCOUNT                           
                                                        -----------------------------------------------------------------
                                                                2013                  2012                   2011        
                                                        -------------------    -------------------   --------------------
                                                                                                                         
INCREASE (DECREASE) IN NET ASSETS:                                                                                       
FROM OPERATIONS:                                                                                                         
   Net investment income (loss)........................ $            46,779    $            42,770   $             30,969
   Net realized gains (losses).........................              25,407                 14,068                 10,630
   Change in unrealized gains (losses) on investments..             453,723                245,210              (106,177)
                                                        -------------------    -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                     
        from operations................................             525,909                302,048               (64,578)
                                                        -------------------    -------------------   --------------------
POLICY TRANSACTIONS:                                                                                                     
   Premium payments received from policy owners........              96,488                114,155                161,838
   Net transfers (including fixed account).............             272,483                175,708              (259,065)
   Policy charges......................................           (138,823)              (135,250)              (139,988)
   Transfers for policy benefits and terminations......                (19)                  (858)               (10,884)
                                                        -------------------    -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                     
        from policy transactions.......................             230,129                153,755              (248,099)
                                                        -------------------    -------------------   --------------------
     Net increase (decrease) in net assets.............             756,038                455,803              (312,677)
NET ASSETS:                                                                                                              
   Beginning of year...................................           2,583,652              2,127,849              2,440,526
                                                        -------------------    -------------------   --------------------
   End of year......................................... $         3,339,690    $         2,583,652   $          2,127,849
                                                        ===================    ===================   ====================


                                                                                  MIST METLIFE                           
                                                                               DEFENSIVE STRATEGY                        
                                                                                   SUB-ACCOUNT                           
                                                        -----------------------------------------------------------------
                                                                2013                  2012                   2011        
                                                        -------------------    -------------------   --------------------
                                                                                                                         
INCREASE (DECREASE) IN NET ASSETS:                                                                                       
FROM OPERATIONS:                                                                                                         
   Net investment income (loss)........................ $             2,333    $             1,667   $              1,140
   Net realized gains (losses).........................               8,955                    693                     90
   Change in unrealized gains (losses) on investments..             (6,849)                  4,318                  (402)
                                                        -------------------    -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                     
        from operations................................               4,439                  6,678                    828
                                                        -------------------    -------------------   --------------------
POLICY TRANSACTIONS:                                                                                                     
   Premium payments received from policy owners........                  --                  4,035                  7,814
   Net transfers (including fixed account).............               4,805                     34                      8
   Policy charges......................................               (784)                (1,352)                (1,370)
   Transfers for policy benefits and terminations......            (71,942)                    (3)                    (6)
                                                        -------------------    -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                     
        from policy transactions.......................            (67,921)                  2,714                  6,446
                                                        -------------------    -------------------   --------------------
     Net increase (decrease) in net assets.............            (63,482)                  9,392                  7,274
NET ASSETS:                                                                                                              
   Beginning of year...................................              73,028                 63,636                 56,362
                                                        -------------------    -------------------   --------------------
   End of year......................................... $             9,546    $            73,028   $             63,636
                                                        ===================    ===================   ====================


                                                                                   MIST METLIFE                          
                                                                                  GROWTH STRATEGY                        
                                                                                    SUB-ACCOUNT                          
                                                        -----------------------------------------------------------------
                                                                2013                   2012                   2011       
                                                        --------------------   --------------------   -------------------
                                                                                                                         
INCREASE (DECREASE) IN NET ASSETS:                                                                                       
FROM OPERATIONS:                                                                                                         
   Net investment income (loss)........................ $             37,457   $             32,753   $            31,907
   Net realized gains (losses).........................               35,645                 19,835               (1,678)
   Change in unrealized gains (losses) on investments..              630,791                331,481             (141,055)
                                                        --------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                     
        from operations................................              703,893                384,069             (110,826)
                                                        --------------------   --------------------   -------------------
POLICY TRANSACTIONS:                                                                                                     
   Premium payments received from policy owners........              108,447                123,020               137,933
   Net transfers (including fixed account).............               15,444                150,717              (26,152)
   Policy charges......................................            (186,746)              (175,873)             (173,502)
   Transfers for policy benefits and terminations......             (46,107)              (275,721)               (7,002)
                                                        --------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                     
        from policy transactions.......................            (108,962)              (177,857)              (68,723)
                                                        --------------------   --------------------   -------------------
     Net increase (decrease) in net assets.............              594,931                206,212             (179,549)
NET ASSETS:                                                                                                              
   Beginning of year...................................            2,798,566              2,592,354             2,771,903
                                                        --------------------   --------------------   -------------------
   End of year......................................... $          3,393,497   $          2,798,566   $         2,592,354
                                                        ====================   ====================   ===================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                                  MIST METLIFE                          
                                                                                MODERATE STRATEGY                       
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                  2011        
                                                        -------------------   -------------------   --------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $            29,428   $            27,248   $             16,681
   Net realized gains (losses).........................              14,761                 3,692                  3,345
   Change in unrealized gains (losses) on investments..             136,070               108,049               (23,480)
                                                        -------------------   -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................             180,259               138,989                (3,454)
                                                        -------------------   -------------------   --------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........              52,296                54,412                 54,579
   Net transfers (including fixed account).............              11,641                49,216                 24,187
   Policy charges......................................            (67,072)              (68,741)               (63,548)
   Transfers for policy benefits and terminations......             (6,172)                  (89)               (28,888)
                                                        -------------------   -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................             (9,307)                34,798               (13,670)
                                                        -------------------   -------------------   --------------------
     Net increase (decrease) in net assets.............             170,952               173,787               (17,124)
NET ASSETS:                                                                                                             
   Beginning of year...................................           1,302,910             1,129,123              1,146,247
                                                        -------------------   -------------------   --------------------
   End of year......................................... $         1,473,862   $         1,302,910   $          1,129,123
                                                        ===================   ===================   ====================


                                                                                    MIST MFS                            
                                                                             EMERGING MARKETS EQUITY                    
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                  2011        
                                                        -------------------    -------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $             2,569    $             1,039   $             6,161
   Net realized gains (losses).........................               1,079                 37,884               (2,325)
   Change in unrealized gains (losses) on investments..            (23,875)                 51,043             (131,793)
                                                        -------------------    -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................            (20,227)                 89,966             (127,957)
                                                        -------------------    -------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........              11,984                 14,123                18,926
   Net transfers (including fixed account).............              79,094              (275,574)                27,235
   Policy charges......................................            (13,828)               (19,811)              (35,902)
   Transfers for policy benefits and terminations......               (267)                (7,693)               (8,492)
                                                        -------------------    -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................              76,983              (288,955)                 1,767
                                                        -------------------    -------------------   -------------------
     Net increase (decrease) in net assets.............              56,756              (198,989)             (126,190)
NET ASSETS:                                                                                                             
   Beginning of year...................................             323,193                522,182               648,372
                                                        -------------------    -------------------   -------------------
   End of year......................................... $           379,949    $           323,193   $           522,182
                                                        ===================    ===================   ===================


                                                                                MIST MFS RESEARCH                       
                                                                                  INTERNATIONAL                         
                                                                                   SUB-ACCOUNT                          
                                                        --------------------------------------------------------------- 
                                                               2013                   2012                  2011        
                                                        -------------------   -------------------   ------------------- 
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $            30,683   $            23,990   $            32,105 
   Net realized gains (losses).........................               2,412              (57,267)             (145,661) 
   Change in unrealized gains (losses) on investments..             193,594               263,290              (80,831) 
                                                        -------------------   -------------------   ------------------- 
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................             226,689               230,013             (194,387) 
                                                        -------------------   -------------------   ------------------- 
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........              39,658                49,614                63,879 
   Net transfers (including fixed account).............            (29,971)             (290,260)             (266,436) 
   Policy charges......................................            (61,499)              (78,741)             (101,719) 
   Transfers for policy benefits and terminations......           (289,423)              (52,388)             (774,267) 
                                                        -------------------   -------------------   ------------------- 
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................           (341,235)             (371,775)           (1,078,543) 
                                                        -------------------   -------------------   ------------------- 
     Net increase (decrease) in net assets.............           (114,546)             (141,762)           (1,272,930) 
NET ASSETS:                                                                                                             
   Beginning of year...................................           1,412,862             1,554,624             2,827,554 
                                                        -------------------   -------------------   ------------------- 
   End of year......................................... $         1,298,316   $         1,412,862   $         1,554,624 
                                                        ===================   ===================   =================== 

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                              MIST MORGAN STANLEY                      
                                                                                MID CAP GROWTH                         
                                                                                  SUB-ACCOUNT                          
                                                        ---------------------------------------------------------------
                                                                2013                 2012                  2011        
                                                        -------------------   -------------------   -------------------
                                                                                                                       
INCREASE (DECREASE) IN NET ASSETS:                                                                                     
FROM OPERATIONS:                                                                                                       
   Net investment income (loss)........................ $             1,541   $              (43)   $             1,327
   Net realized gains (losses).........................               4,031                 4,639                18,336
   Change in unrealized gains (losses) on investments..              60,340                11,222              (30,804)
                                                        -------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                   
       from operations.................................              65,912                15,818              (11,141)
                                                        -------------------   -------------------   -------------------
POLICY TRANSACTIONS:                                                                                                   
   Premium payments received from policy owners........                 207                   207                   207
   Net transfers (including fixed account).............               3,868                 4,994               (6,305)
   Policy charges......................................             (3,740)               (3,877)               (3,803)
   Transfers for policy benefits and terminations......             (5,170)              (15,705)              (20,491)
                                                        -------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                   
       from policy transactions........................             (4,835)              (14,381)              (30,392)
                                                        -------------------   -------------------   -------------------
     Net increase (decrease) in net assets.............              61,077                 1,437              (41,533)
NET ASSETS:                                                                                                            
   Beginning of year...................................             169,509               168,072               209,605
                                                        -------------------   -------------------   -------------------
   End of year......................................... $           230,586   $           169,509   $           168,072
                                                        ===================   ===================   ===================


                                                                                   MIST PIMCO                          
                                                                            INFLATION PROTECTED BOND                   
                                                                                   SUB-ACCOUNT                         
                                                        ---------------------------------------------------------------
                                                                2013                  2012                  2011       
                                                        -------------------   -------------------   -------------------
                                                                                                                       
INCREASE (DECREASE) IN NET ASSETS:                                                                                     
FROM OPERATIONS:                                                                                                       
   Net investment income (loss)........................ $            25,064   $            47,169   $            24,066
   Net realized gains (losses).........................              66,153               134,182               119,741
   Change in unrealized gains (losses) on investments..           (198,310)              (34,741)                41,480
                                                        -------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                   
       from operations.................................           (107,093)               146,610               185,287
                                                        -------------------   -------------------   -------------------
POLICY TRANSACTIONS:                                                                                                   
   Premium payments received from policy owners........              29,142                72,609                73,016
   Net transfers (including fixed account).............           (220,064)             (185,185)               171,414
   Policy charges......................................            (47,073)              (87,054)              (91,658)
   Transfers for policy benefits and terminations......           (361,778)              (72,943)             (143,874)
                                                        -------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                   
       from policy transactions........................           (599,773)             (272,573)                 8,898
                                                        -------------------   -------------------   -------------------
     Net increase (decrease) in net assets.............           (706,866)             (125,963)               194,185
NET ASSETS:                                                                                                            
   Beginning of year...................................           1,694,813             1,820,776             1,626,591
                                                        -------------------   -------------------   -------------------
   End of year......................................... $           987,947   $         1,694,813   $         1,820,776
                                                        ===================   ===================   ===================


                                                                                  MIST PIMCO                           
                                                                                 TOTAL RETURN                          
                                                                                  SUB-ACCOUNT                          
                                                        ---------------------------------------------------------------
                                                                2013                 2012                  2011        
                                                        -------------------   -------------------   -------------------
                                                                                                                       
INCREASE (DECREASE) IN NET ASSETS:                                                                                     
FROM OPERATIONS:                                                                                                       
   Net investment income (loss)........................ $           131,457   $            96,598   $            73,541
   Net realized gains (losses).........................              78,747                63,111               136,531
   Change in unrealized gains (losses) on investments..           (276,499)               129,629             (119,415)
                                                        -------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                   
       from operations.................................            (66,295)               289,338                90,657
                                                        -------------------   -------------------   -------------------
POLICY TRANSACTIONS:                                                                                                   
   Premium payments received from policy owners........              52,477                83,821                77,123
   Net transfers (including fixed account).............             239,051              (44,965)               250,556
   Policy charges......................................           (142,949)             (173,831)             (175,823)
   Transfers for policy benefits and terminations......           (380,017)             (168,193)             (293,650)
                                                        -------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                   
       from policy transactions........................           (231,438)             (303,168)             (141,794)
                                                        -------------------   -------------------   -------------------
     Net increase (decrease) in net assets.............           (297,733)              (13,830)              (51,137)
NET ASSETS:                                                                                                            
   Beginning of year...................................           3,325,699             3,339,529             3,390,666
                                                        -------------------   -------------------   -------------------
   End of year......................................... $         3,027,966   $         3,325,699   $         3,339,529
                                                        ===================   ===================   ===================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                                      MIST                               
                                                                                  PIONEER FUND                           
                                                                                   SUB-ACCOUNT                           
                                                        ---------------------------------------------------------------- 
                                                                2013                  2012                  2011         
                                                        -------------------   --------------------   ------------------- 
                                                                                                                         
INCREASE (DECREASE) IN NET ASSETS:                                                                                       
FROM OPERATIONS:                                                                                                         
   Net investment income (loss)........................ $            14,262   $              5,929   $             5,162 
   Net realized gains (losses).........................              13,299                  7,729                17,337 
   Change in unrealized gains (losses) on investments..              98,521                 26,112              (39,356) 
                                                        -------------------   --------------------   ------------------- 
     Net increase (decrease) in net assets resulting                                                                     
       from operations.................................             126,082                 39,770              (16,857) 
                                                        -------------------   --------------------   ------------------- 
POLICY TRANSACTIONS:                                                                                                     
   Premium payments received from policy owners........                  --                     --                    -- 
   Net transfers (including fixed account).............             (7,558)               (12,912)                 5,620 
   Policy charges......................................             (8,640)                (8,206)               (8,335) 
   Transfers for policy benefits and terminations......            (15,323)                (4,649)              (39,152) 
                                                        -------------------   --------------------   ------------------- 
     Net increase (decrease) in net assets resulting                                                                     
       from policy transactions........................            (31,521)               (25,767)              (41,867) 
                                                        -------------------   --------------------   ------------------- 
     Net increase (decrease) in net assets.............              94,561                 14,003              (58,724) 
NET ASSETS:                                                                                                              
   Beginning of year...................................             396,726                382,723               441,447 
                                                        -------------------   --------------------   ------------------- 
   End of year......................................... $           491,287   $            396,726   $           382,723 
                                                        ===================   ====================   =================== 


                                                                               MIST T. ROWE PRICE                        
                                                                                 LARGE CAP VALUE                         
                                                                                   SUB-ACCOUNT                           
                                                        ---------------------------------------------------------------- 
                                                                2013                  2012                  2011         
                                                        -------------------   --------------------   ------------------- 
                                                                                                                         
INCREASE (DECREASE) IN NET ASSETS:                                                                                       
FROM OPERATIONS:                                                                                                         
   Net investment income (loss)........................ $            85,476   $             70,438   $            31,243 
   Net realized gains (losses).........................             263,099               (22,553)              (87,769) 
   Change in unrealized gains (losses) on investments..           1,267,456                764,715             (141,705) 
                                                        -------------------   --------------------   ------------------- 
     Net increase (decrease) in net assets resulting                                                                     
       from operations.................................           1,616,031                812,600             (198,231) 
                                                        -------------------   --------------------   ------------------- 
POLICY TRANSACTIONS:                                                                                                     
   Premium payments received from policy owners........             102,078                117,888               128,242 
   Net transfers (including fixed account).............           (177,805)              (185,450)             (197,054) 
   Policy charges......................................           (194,653)              (208,463)             (217,179) 
   Transfers for policy benefits and terminations......           (254,729)              (250,563)             (804,445) 
                                                        -------------------   --------------------   ------------------- 
     Net increase (decrease) in net assets resulting                                                                     
       from policy transactions........................           (525,109)              (526,588)           (1,090,436) 
                                                        -------------------   --------------------   ------------------- 
     Net increase (decrease) in net assets.............           1,090,922                286,012           (1,288,667) 
NET ASSETS:                                                                                                              
   Beginning of year...................................           5,013,414              4,727,402             6,016,069 
                                                        -------------------   --------------------   ------------------- 
   End of year......................................... $         6,104,336   $          5,013,414   $         4,727,402 
                                                        ===================   ====================   =================== 


                                                                               MIST T. ROWE PRICE                        
                                                                                 MID CAP GROWTH                          
                                                                                   SUB-ACCOUNT                           
                                                        -----------------------------------------------------------------
                                                                2013                  2012                   2011        
                                                        --------------------   -------------------   --------------------
                                                                                                                         
INCREASE (DECREASE) IN NET ASSETS:                                                                                       
FROM OPERATIONS:                                                                                                         
   Net investment income (loss)........................ $              (620)   $           (7,999)   $            (8,572)
   Net realized gains (losses).........................              184,444               238,607                137,251
   Change in unrealized gains (losses) on investments..              284,405              (41,529)              (146,593)
                                                        --------------------   -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                     
       from operations.................................              468,229               189,079               (17,914)
                                                        --------------------   -------------------   --------------------
POLICY TRANSACTIONS:                                                                                                     
   Premium payments received from policy owners........               50,932                47,287                 63,487
   Net transfers (including fixed account).............             (79,145)              (69,846)                 12,282
   Policy charges......................................             (72,338)              (79,924)               (84,456)
   Transfers for policy benefits and terminations......            (194,575)              (90,110)              (197,595)
                                                        --------------------   -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                     
       from policy transactions........................            (295,126)             (192,593)              (206,282)
                                                        --------------------   -------------------   --------------------
     Net increase (decrease) in net assets.............              173,103               (3,514)              (224,196)
NET ASSETS:                                                                                                              
   Beginning of year...................................            1,460,144             1,463,658              1,687,854
                                                        --------------------   -------------------   --------------------
   End of year......................................... $          1,633,247   $         1,460,144   $          1,463,658
                                                        ====================   ===================   ====================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                                MIST THIRD AVENUE                       
                                                                                 SMALL CAP VALUE                        
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                               2013                   2012                  2011        
                                                        -------------------   -------------------   --------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $             8,256   $           (7,325)   $             11,019
   Net realized gains (losses).........................             139,254                 1,093                 10,631
   Change in unrealized gains (losses) on investments..             149,644               222,173              (161,327)
                                                        -------------------   -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................             297,154               215,941              (139,677)
                                                        -------------------   -------------------   --------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........              37,239                42,179                 54,376
   Net transfers (including fixed account).............           (156,702)             (130,117)                (9,958)
   Policy charges......................................            (59,230)              (76,559)               (79,463)
   Transfers for policy benefits and terminations......           (462,792)              (33,893)              (312,771)
                                                        -------------------   -------------------   --------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................           (641,485)             (198,390)              (347,816)
                                                        -------------------   -------------------   --------------------
     Net increase (decrease) in net assets.............           (344,331)                17,551              (487,493)
NET ASSETS:                                                                                                             
   Beginning of year...................................           1,327,124             1,309,573              1,797,066
                                                        -------------------   -------------------   --------------------
   End of year......................................... $           982,793   $         1,327,124   $          1,309,573
                                                        ===================   ===================   ====================


                                                                                  MSF BLACKROCK                         
                                                                                   BOND INCOME                          
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                   2011       
                                                        --------------------   -------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $                418   $               305   $               513
   Net realized gains (losses).........................                  322                   310                    49
   Change in unrealized gains (losses) on investments..                (848)                   270                   286
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................                (108)                   885                   848
                                                        --------------------   -------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........                   --                    --                    --
   Net transfers (including fixed account).............                   --                 1,083                    --
   Policy charges......................................              (2,210)               (3,796)               (1,815)
   Transfers for policy benefits and terminations......                (220)                    --                 (175)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................              (2,430)               (2,713)               (1,990)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets.............              (2,538)               (1,828)               (1,142)
NET ASSETS:                                                                                                             
   Beginning of year...................................               11,889                13,717                14,859
                                                        --------------------   -------------------   -------------------
   End of year......................................... $              9,351   $            11,889   $            13,717
                                                        ====================   ===================   ===================


                                                                                  MSF BLACKROCK                         
                                                                              CAPITAL APPRECIATION                      
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                   2011       
                                                        --------------------   -------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $              1,404   $               395   $               204
   Net realized gains (losses).........................               31,970                 5,636                 5,458
   Change in unrealized gains (losses) on investments..               15,385                15,237              (20,463)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................               48,759                21,268              (14,801)
                                                        --------------------   -------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........                3,971                 3,955                 4,017
   Net transfers (including fixed account).............                2,802                    --                    14
   Policy charges......................................              (4,556)               (5,574)               (5,609)
   Transfers for policy benefits and terminations......             (31,894)              (11,180)               (6,740)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................             (29,677)              (12,799)               (8,318)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets.............               19,082                 8,469              (23,119)
NET ASSETS:                                                                                                             
   Beginning of year...................................              157,461               148,992               172,111
                                                        --------------------   -------------------   -------------------
   End of year......................................... $            176,543   $           157,461   $           148,992
                                                        ====================   ===================   ===================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                             MSF BLACKROCK                                         
                                                                             MONEY MARKET                                          
                                                                              SUB-ACCOUNT                                          
                                                        --------------------------------------------------------                   
                                                               2013              2012                2011                          
                                                        -----------------  -----------------  -----------------                    
                                                                                                                                   
INCREASE (DECREASE) IN NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                                                   
   Net investment income (loss)........................ $         (8,822)  $        (17,476)  $        (17,436)                    
   Net realized gains (losses).........................                --                 --                 --                    
   Change in unrealized gains (losses) on investments..                --                 --                 --                    
                                                        -----------------  -----------------  -----------------                    
     Net increase (decrease) in net assets resulting                                                                               
       from operations.................................           (8,822)           (17,476)           (17,436)                    
                                                        -----------------  -----------------  -----------------                    
POLICY TRANSACTIONS:                                                                                                               
   Premium payments received from policy owners........           174,198            251,428            215,709                    
   Net transfers (including fixed account).............           246,032          1,258,451           (65,032)                    
   Policy charges......................................         (163,238)          (257,856)          (275,172)                    
   Transfers for policy benefits and terminations......       (1,760,205)          (981,370)          (910,433)                    
                                                        -----------------  -----------------  -----------------                    
     Net increase (decrease) in net assets resulting                                                                               
       from policy transactions........................       (1,503,213)            270,653        (1,034,928)                    
                                                        -----------------  -----------------  -----------------                    
     Net increase (decrease) in net assets.............       (1,512,035)            253,177        (1,052,364)                    
NET ASSETS:                                                                                                                        
   Beginning of year...................................         2,884,270          2,631,093          3,683,457                    
                                                        -----------------  -----------------  -----------------                    
   End of year......................................... $       1,372,235  $       2,884,270  $       2,631,093                    
                                                        =================  =================  =================                    


                                                                               MSF DAVIS                             MSF FRONTIER  
                                                                             VENTURE VALUE                          MID CAP GROWTH 
                                                                              SUB-ACCOUNT                             SUB-ACCOUNT  
                                                        --------------------------------------------------------  -----------------
                                                               2013              2012                2011              2013 (a)    
                                                        -----------------  -----------------  ------------------  -----------------
                                                                                                                                   
INCREASE (DECREASE) IN NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                                                   
   Net investment income (loss)........................ $          23,366  $           9,156  $           19,965  $           (783)
   Net realized gains (losses).........................           270,682             43,829              62,202              3,538
   Change in unrealized gains (losses) on investments..           426,985            277,376           (216,138)             48,657
                                                        -----------------  -----------------  ------------------  -----------------
     Net increase (decrease) in net assets resulting                                                                               
       from operations.................................           721,033            330,361           (133,971)             51,412
                                                        -----------------  -----------------  ------------------  -----------------
POLICY TRANSACTIONS:                                                                                                               
   Premium payments received from policy owners........            93,080            108,735             131,909              5,385
   Net transfers (including fixed account).............         (201,272)          (224,324)           (307,206)            253,847
   Policy charges......................................         (128,233)          (163,413)           (181,569)            (6,097)
   Transfers for policy benefits and terminations......         (674,213)          (179,927)           (781,462)           (23,741)
                                                        -----------------  -----------------  ------------------  -----------------
     Net increase (decrease) in net assets resulting                                                                               
       from policy transactions........................         (910,638)          (458,929)         (1,138,328)            229,394
                                                        -----------------  -----------------  ------------------  -----------------
     Net increase (decrease) in net assets.............         (189,605)          (128,568)         (1,272,299)            280,806
NET ASSETS:                                                                                                                        
   Beginning of year...................................         2,705,585          2,834,153           4,106,452                 --
                                                        -----------------  -----------------  ------------------  -----------------
   End of year......................................... $       2,515,980  $       2,705,585  $        2,834,153  $         280,806
                                                        =================  =================  ==================  =================


                                                                              MSF JENNISON                                         
                                                                                 GROWTH                                            
                                                                               SUB-ACCOUNT                                         
                                                        --------------------------------------------------------                   
                                                              2013                2012               2011                          
                                                        -----------------  ------------------  -----------------                   
                                                                                                                                   
INCREASE (DECREASE) IN NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                                                   
   Net investment income (loss)........................ $         (1,188)  $          (7,181)  $         (2,846)                   
   Net realized gains (losses).........................            80,637             174,717             24,074                   
   Change in unrealized gains (losses) on investments..           573,524            (72,196)           (21,181)                   
                                                        -----------------  ------------------  -----------------                   
     Net increase (decrease) in net assets resulting                                                                               
       from operations.................................           652,973              95,340                 47                   
                                                        -----------------  ------------------  -----------------                   
POLICY TRANSACTIONS:                                                                                                               
   Premium payments received from policy owners........            92,951              62,223             48,387                   
   Net transfers (including fixed account).............         (132,487)           1,152,858             79,159                   
   Policy charges......................................         (105,538)           (102,235)           (53,667)                   
   Transfers for policy benefits and terminations......         (165,439)           (157,069)          (151,814)                   
                                                        -----------------  ------------------  -----------------                   
     Net increase (decrease) in net assets resulting                                                                               
       from policy transactions........................         (310,513)             955,777           (77,935)                   
                                                        -----------------  ------------------  -----------------                   
     Net increase (decrease) in net assets.............           342,460           1,051,117           (77,888)                   
NET ASSETS:                                                                                                                        
   Beginning of year...................................         2,005,351             954,234          1,032,122                   
                                                        -----------------  ------------------  -----------------                   
   End of year......................................... $       2,347,811  $        2,005,351  $         954,234                   
                                                        =================  ==================  =================                   

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                        MSF MET/ARTISAN MID CAP                                    
                                                                                 VALUE                                             
                                                                              SUB-ACCOUNT                                          
                                                        --------------------------------------------------------                   
                                                               2013              2012                2011                          
                                                        -----------------  -----------------  -----------------                    
                                                                                                                                   
INCREASE (DECREASE) IN NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                                                   
   Net investment income (loss)........................ $           5,008  $           3,863  $           3,625                    
   Net realized gains (losses).........................            34,175           (19,295)           (38,362)                    
   Change in unrealized gains (losses) on investments..           239,251            101,754             84,351                    
                                                        -----------------  -----------------  -----------------                    
     Net increase (decrease) in net assets resulting                                                                               
       from operations.................................           278,434             86,322             49,614                    
                                                        -----------------  -----------------  -----------------                    
POLICY TRANSACTIONS:                                                                                                               
   Premium payments received from policy owners........            39,156             45,687             32,727                    
   Net transfers (including fixed account).............          (46,177)                413           (36,813)                    
   Policy charges......................................          (59,820)           (67,751)           (70,468)                    
   Transfers for policy benefits and terminations......          (95,757)           (31,034)           (51,303)                    
                                                        -----------------  -----------------  -----------------                    
     Net increase (decrease) in net assets resulting                                                                               
       from policy transactions........................         (162,598)           (52,685)          (125,857)                    
                                                        -----------------  -----------------  -----------------                    
     Net increase (decrease) in net assets.............           115,836             33,637           (76,243)                    
NET ASSETS:                                                                                                                        
   Beginning of year...................................           824,712            791,075            867,318                    
                                                        -----------------  -----------------  -----------------                    
   End of year......................................... $         940,548  $         824,712  $         791,075                    
                                                        =================  =================  =================                    


                                                                                  MSF                                MSF NEUBERGER 
                                                                          METLIFE STOCK INDEX                       BERMAN GENESIS 
                                                                              SUB-ACCOUNT                             SUB-ACCOUNT  
                                                        --------------------------------------------------------  -----------------
                                                               2013              2012                2011              2013 (a)    
                                                        -----------------  -----------------  ------------------  -----------------
                                                                                                                                   
INCREASE (DECREASE) IN NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                                                   
   Net investment income (loss)........................ $          22,240  $          18,867  $           15,228  $         (2,233)
   Net realized gains (losses).........................           210,924             34,105              16,272              8,016
   Change in unrealized gains (losses) on investments..           236,918            164,621            (11,145)            209,163
                                                        -----------------  -----------------  ------------------  -----------------
     Net increase (decrease) in net assets resulting                                                                               
       from operations.................................           470,082            217,593              20,355            214,946
                                                        -----------------  -----------------  ------------------  -----------------
POLICY TRANSACTIONS:                                                                                                               
   Premium payments received from policy owners........            59,203            114,531              57,322             33,070
   Net transfers (including fixed account).............         (299,114)            101,065              77,249            814,699
   Policy charges......................................          (92,050)           (98,013)            (92,330)           (29,967)
   Transfers for policy benefits and terminations......          (95,806)           (28,702)            (20,318)           (22,966)
                                                        -----------------  -----------------  ------------------  -----------------
     Net increase (decrease) in net assets resulting                                                                               
       from policy transactions........................         (427,767)             88,881              21,923            794,836
                                                        -----------------  -----------------  ------------------  -----------------
     Net increase (decrease) in net assets.............            42,315            306,474              42,278          1,009,782
NET ASSETS:                                                                                                                        
   Beginning of year...................................         1,751,267          1,444,793           1,402,515                 --
                                                        -----------------  -----------------  ------------------  -----------------
   End of year......................................... $       1,793,582  $       1,751,267  $        1,444,793  $       1,009,782
                                                        =================  =================  ==================  =================


                                                                            MSF T. ROWE PRICE                                      
                                                                            LARGE CAP GROWTH                                       
                                                                               SUB-ACCOUNT                                         
                                                        --------------------------------------------------------                   
                                                              2013                2012               2011                          
                                                        -----------------  ------------------  -----------------                   
                                                                                                                                   
INCREASE (DECREASE) IN NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                                                   
   Net investment income (loss)........................ $           (427)  $              121  $              60                   
   Net realized gains (losses).........................             7,111               1,293                885                   
   Change in unrealized gains (losses) on investments..           115,168              22,589            (2,365)                   
                                                        -----------------  ------------------  -----------------                   
     Net increase (decrease) in net assets resulting                                                                               
       from operations.................................           121,852              24,003            (1,420)                   
                                                        -----------------  ------------------  -----------------                   
POLICY TRANSACTIONS:                                                                                                               
   Premium payments received from policy owners........            20,791                 731                855                   
   Net transfers (including fixed account).............           225,428             (1,847)              (596)                   
   Policy charges......................................          (14,586)             (2,633)            (2,443)                   
   Transfers for policy benefits and terminations......           (2,102)                 (8)            (1,284)                   
                                                        -----------------  ------------------  -----------------                   
     Net increase (decrease) in net assets resulting                                                                               
       from policy transactions........................           229,531             (3,757)            (3,468)                   
                                                        -----------------  ------------------  -----------------                   
     Net increase (decrease) in net assets.............           351,383              20,246            (4,888)                   
NET ASSETS:                                                                                                                        
   Beginning of year...................................           147,562             127,316            132,204                   
                                                        -----------------  ------------------  -----------------                   
   End of year......................................... $         498,945  $          147,562  $         127,316                   
                                                        =================  ==================  =================                   

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE   
OF METLIFE INVESTORS INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONCLUDED)    
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011    

                                                        [Enlarge/Download Table]

                                                                                MSF T. ROWE PRICE                       
                                                                                SMALL CAP GROWTH                        
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                  2011        
                                                        -------------------   --------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $                58   $                (3)   $               (4)
   Net realized gains (losses).........................               1,064                  1,483                   737
   Change in unrealized gains (losses) on investments..               5,274                    568                 (447)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................               6,396                  2,048                   286
                                                        -------------------   --------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........                  --                     --                    --
   Net transfers (including fixed account).............                  --                     98                    --
   Policy charges......................................               (421)                  (463)                 (302)
   Transfers for policy benefits and terminations......                (44)                     --               (2,612)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................               (465)                  (365)               (2,914)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets.............               5,931                  1,683               (2,628)
NET ASSETS:                                                                                                             
   Beginning of year...................................              14,535                 12,852                15,480
                                                        -------------------   --------------------   -------------------
   End of year......................................... $            20,466   $             14,535   $            12,852
                                                        ===================   ====================   ===================


                                                                          MSF WESTERN ASSET MANAGEMENT                  
                                                                                 U.S. GOVERNMENT                        
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                  2011        
                                                        --------------------   -------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $              1,634   $             1,574   $               885
   Net realized gains (losses).........................                  336                   170                 5,082
   Change in unrealized gains (losses) on investments..              (2,897)                 1,103                 (619)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................                (927)                 2,847                 5,348
                                                        --------------------   -------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........                8,186                 8,198                 8,186
   Net transfers (including fixed account).............              (7,067)                 1,469                 1,340
   Policy charges......................................              (9,163)              (10,699)              (10,849)
   Transfers for policy benefits and terminations......             (17,053)                 (735)             (118,369)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................             (25,097)               (1,767)             (119,692)
                                                        --------------------   -------------------   -------------------
     Net increase (decrease) in net assets.............             (26,024)                 1,080             (114,344)
NET ASSETS:                                                                                                             
   Beginning of year...................................              102,286               101,206               215,550
                                                        --------------------   -------------------   -------------------
   End of year......................................... $             76,262   $           102,286   $           101,206
                                                        ====================   ===================   ===================


                                                                                    PUTNAM VT                           
                                                                                MULTI-CAP GROWTH                        
                                                                                   SUB-ACCOUNT                          
                                                        ----------------------------------------------------------------
                                                                2013                  2012                  2011        
                                                        -------------------   --------------------   -------------------
                                                                                                                        
INCREASE (DECREASE) IN NET ASSETS:                                                                                      
FROM OPERATIONS:                                                                                                        
   Net investment income (loss)........................ $                83   $                 12   $               (7)
   Net realized gains (losses).........................                 254                    170                   137
   Change in unrealized gains (losses) on investments..               5,141                  2,021                 (870)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from operations.................................               5,478                  2,203                 (740)
                                                        -------------------   --------------------   -------------------
POLICY TRANSACTIONS:                                                                                                    
   Premium payments received from policy owners........                 606                    485                   485
   Net transfers (including fixed account).............                  25                   (89)                 (220)
   Policy charges......................................               (853)                  (928)                 (700)
   Transfers for policy benefits and terminations......                  --                     --                  (11)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets resulting                                                                    
       from policy transactions........................               (222)                  (532)                 (446)
                                                        -------------------   --------------------   -------------------
     Net increase (decrease) in net assets.............               5,256                  1,671               (1,186)
NET ASSETS:                                                                                                             
   Beginning of year...................................              15,135                 13,464                14,650
                                                        -------------------   --------------------   -------------------
   End of year......................................... $            20,391   $             15,135   $            13,464
                                                        ===================   ====================   ===================

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE               
OF METLIFE INVESTORS INSURANCE COMPANY                
NOTES TO THE FINANCIAL STATEMENTS               

1.  ORGANIZATION                                                                

MetLife Investors Variable Life Account One (the "Separate Account"), a         
separate account of MetLife Investors Insurance Company (the "Company"), was    
established by the Company's Board of Directors on October 23, 1991 to support  
operations of the Company with respect to certain variable life insurance       
policies (the "Policies"). The Company is a direct wholly-owned subsidiary of   
MetLife, Inc., a Delaware corporation. The Separate Account is registered as a  
unit investment trust under the Investment Company Act of 1940, as amended, and 
exists in accordance with the regulations of the Missouri Department of         
Insurance.                                                                      

In the second quarter of 2013, MetLife, Inc. announced its plans to merge into  
MetLife Insurance Company of Connecticut ("MICC"), as the surviving entity, two 
United States ("U.S.")-based life insurance companies and an offshore           
reinsurance subsidiary to create one larger U.S.-based and U.S.-regulated life  
insurance company, which is expected to be renamed and domiciled in Delaware    
(the "Mergers"). The companies to be merged into MICC consist of the Company    
and MetLife Investors USA Insurance Company, each a U.S. insurance company that 
issues variable annuity products in addition to other products, and Exeter      
Reassurance Company, Ltd. ("Exeter"), a reinsurance company that mainly         
reinsures guarantees associated with variable annuity products. Exeter,         
formerly a Cayman Islands company, was re-domesticated to Delaware in October   
2013. The Mergers are expected to occur in the fourth quarter of 2014, subject  
to regulatory approvals.                                                        

The Separate Account is divided into Sub-Accounts, each of which is treated as  
an individual accounting entity for financial reporting purposes. Each          
Sub-Account invests in shares of the corresponding fund or portfolio (with the  
same name) of registered investment management companies (the "Trusts"), which  
are presented below:                                                            

                                                        [Enlarge/Download Table]
                                                                                          
AIM Variable Insurance Funds (Invesco Variable        Met Investors Series Trust ("MIST")*
   Insurance Funds) ("Invesco V.I.")                  Metropolitan Series Fund ("MSF")*   
Franklin Templeton Variable Insurance Products Trust  Putnam Variable Trust ("Putnam VT") 
   ("FTVIPT")                                                                             

*See Note 5 for a discussion of additional information on related party         
transactions.                                                                   

The assets of each of the Sub-Accounts of the Separate Account are registered   
in the name of the Company. Under applicable insurance law, the assets and      
liabilities of the Separate Account are clearly identified and distinguished    
from the Company's other assets and liabilities. The portion of the Separate    
Account's assets applicable to the Policies is not chargeable with liabilities  
arising out of any other business the Company may conduct.                      

2.  LIST OF SUB-ACCOUNTS                                                        

A. Premium payments, less any applicable charges, applied to the Separate       
Account are invested in one or more Sub-Accounts in accordance with the         
selection made by the policy owner. The following Sub-Accounts had net assets   
as of December 31, 2013:                                                        

                                                        [Enlarge/Download Table]
                                                                                                
FTVIPT Templeton Foreign Securities Sub-Account  MIST MetLife Balanced Strategy Sub-Account     
Invesco V.I. International Growth Sub-Account    MIST MetLife Defensive Strategy Sub-Account    
MIST Clarion Global Real Estate Sub-Account      MIST MetLife Growth Strategy Sub-Account       
MIST ClearBridge Aggressive Growth Sub-Account   MIST MetLife Moderate Strategy Sub-Account     
MIST Goldman Sachs Mid Cap Value Sub-Account     MIST MFS Emerging Markets Equity Sub-Account   
MIST Harris Oakmark International Sub-Account    MIST MFS Research International Sub-Account    
MIST Invesco Comstock Sub-Account                MIST Morgan Stanley Mid Cap Growth Sub-Account 
MIST Invesco Mid Cap Value Sub-Account           MIST PIMCO Inflation Protected Bond Sub-Account
MIST Invesco Small Cap Growth Sub-Account        MIST PIMCO Total Return Sub-Account            
MIST Loomis Sayles Global Markets Sub-Account    MIST Pioneer Fund Sub-Account                  
MIST Lord Abbett Bond Debenture Sub-Account      MIST T. Rowe Price Large Cap Value Sub-Account 
MIST MetLife Aggressive Strategy Sub-Account     MIST T. Rowe Price Mid Cap Growth Sub-Account  

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

2. LIST OF SUB-ACCOUNTS -- (CONCLUDED)                                          

                                                        [Enlarge/Download Table]
                                                                                              
MIST Third Avenue Small Cap Value Sub-Account   MSF MetLife Stock Index Sub-Account           
MSF BlackRock Bond Income Sub-Account           MSF Neuberger Berman Genesis Sub-Account (a)  
MSF BlackRock Capital Appreciation Sub-Account  MSF T. Rowe Price Large Cap Growth Sub-Account
MSF BlackRock Money Market Sub-Account          MSF T. Rowe Price Small Cap Growth Sub-Account
MSF Davis Venture Value Sub-Account             MSF Western Asset Management U.S. Government  
MSF Frontier Mid Cap Growth Sub-Account (a)       Sub-Account                                 
MSF Jennison Growth Sub-Account                 Putnam VT Multi-Cap Growth Sub-Account        
MSF Met/Artisan Mid Cap Value Sub-Account                                                     

(a) This Sub-Account began operations during the year ended December 31,        
2013.                                                                           

B. The following Sub-Accounts had no net assets as of December 31, 2013:        

MSF Western Asset Management Strategic Bond Opportunities Sub-Account           

3. PORTFOLIO CHANGES                                                            

The following Sub-Accounts ceased operations during the year ended December 31, 
2013:                                                                           

MIST MLA Mid Cap Sub-Account                                                    
MIST RCM Technology Sub-Account                                                 
MIST Turner Mid Cap Growth Sub-Account                                          

The operations of the Sub-Accounts were affected by the following changes that  
occurred during the year ended December 31, 2013:                               

NAME CHANGES:                                                                   

                                                        [Enlarge/Download Table]
                                                                                                 
Former Portfolio                                   New Portfolio                                 

(MIST) Legg Mason ClearBridge Aggressive Growth    (MIST) ClearBridge Aggressive Growth Portfolio
   Portfolio                                                                                     
(MIST) Lord Abbett Mid Cap Value Portfolio         (MIST) Invesco Mid Cap Value Portfolio        
(MIST) Van Kampen Comstock Portfolio               (MIST) Invesco Comstock Portfolio             
(MSF) BlackRock Legacy Large Cap Growth Portfolio  (MSF) BlackRock Capital Appreciation Portfolio

MERGERS:                                                                        

                                                        [Enlarge/Download Table]
                                                                                      
Former Portfolio                        New Portfolio                                 

(MIST) MLA Mid Cap Portfolio            (MSF) Neuberger Berman Genesis Portfolio      
(MIST) RCM Technology Portfolio         (MSF) T. Rowe Price Large Cap Growth Portfolio
(MIST) Turner Mid Cap Growth Portfolio  (MSF) Frontier Mid Cap Growth Portfolio       

4. SIGNIFICANT ACCOUNTING POLICIES                                              

BASIS OF ACCOUNTING                                                             
The financial statements have been prepared in accordance with accounting       
principles generally accepted in the United States of America ("GAAP")          
applicable for variable life separate accounts registered as unit investment    
trusts.                                                                         

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

4.  SIGNIFICANT ACCOUNTING POLICIES -- (CONTINUED)                              

SECURITY TRANSACTIONS                                                           
Security transactions are recorded on a trade date basis. Realized gains and    
losses on the sales of investments are computed on the basis of the average     
cost of the investment sold. Income from dividends and realized gain            
distributions are recorded on the ex-distribution date.                         

SECURITY VALUATION                                                              
A Sub-Account's investment in shares of a fund or portfolio of the Trusts is    
valued at fair value based on the closing net asset value ("NAV") or price per  
share as determined by the Trusts as of the end of the year. All changes in     
fair value are recorded as changes in unrealized gains (losses) on investments  
in the statements of operations of the applicable Sub-Accounts.                 

The Separate Account defines fair value as the price that would be received to  
sell an asset or paid to transfer a liability (an exit price) in the principal  
or most advantageous market for the asset or liability in an orderly            
transaction between market participants on the measurement date. The Separate   
Account prioritizes the inputs to fair valuation techniques and allows for the  
use of unobservable inputs to the extent that observable inputs are not         
available. The Separate Account has categorized its assets based on the         
priority of the inputs to the respective valuation technique. The fair value    
hierarchy gives the highest priority to quoted prices in active markets for     
identical assets (Level 1) and the lowest priority to unobservable inputs       
(Level 3). An asset's classification within the fair value hierarchy is based   
on the lowest level of significant input to its valuation. The input levels are 
as follows:                                                                     

Level 1     Unadjusted quoted prices in active markets for identical assets     
that the Separate Account has the ability to access.    
Level 2     Observable inputs other than quoted prices in Level 1 that are      
          observable either directly or indirectly. These inputs may include
           quoted prices for the identical instrument on an inactive market or
prices for similar instruments.                         
Level 3     Unobservable inputs that are supported by little or no market       
     activity and are significant to the fair value of the assets,
     representing the Separate Account's own assumptions about the
        assumptions a market participant would use in valuing the asset,
and based on the best information available.            

Each Sub-Account invests in shares of open-end mutual funds which calculate a   
daily NAV based on the fair value of the underlying securities in their         
portfolios. As a result, and as required by law, shares of open-end mutual      
funds are purchased and redeemed at their quoted daily NAV as reported by the   
Trusts at the close of each business day. On that basis, the inputs used to     
value all shares held by the Separate Account, which are measured at fair value 
on a recurring basis, are classified as Level 2. There were no transfers        
between Level 1 and Level 2, and no activity in Level 3 during the year.        

FEDERAL INCOME TAXES                                                            
The operations of the Separate Account form a part of the total operations of   
the Company and are not taxed separately. The Company is taxed as a life        
insurance company under the provisions of the Internal Revenue Code ("IRC").    
Under the current provisions of the IRC, the Company does not expect to incur   
federal income taxes on the earnings of the Separate Account to the extent the  
earnings are credited under the Policies. Accordingly, no charge is currently   
being made to the Separate Account for federal income taxes. The Company will   
periodically review the status of this policy in the event of changes in the    
tax law. A charge may be made in future years for any federal income taxes that 
would be attributable to the Policies.                                          

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

4.  SIGNIFICANT ACCOUNTING POLICIES -- (CONCLUDED)                              

PREMIUM PAYMENTS                                                                
The Company deducts a sales charge for certain policies and a state premium tax 
charge from premiums before amounts are allocated to the Separate Account. In   
the case of certain Policies, the Company also deducts a federal income tax     
charge before amounts are allocated to the Separate Account. This federal       
income tax charge is imposed in connection with certain Policies to recover a   
portion of the federal income tax adjustment attributable to policy acquisition 
expenses. Net premiums are reported as premium payments received from policy    
owners on the statements of changes in net assets of the applicable             
Sub-Accounts and are credited as accumulation units.                            

NET TRANSFERS                                                                   
Funds transferred by the policy owner into or out of Sub-Accounts within the    
Separate Account or into or out of the fixed account, which is part of the      
Company's general account, are recorded on a net basis as net transfers in the  
statements of changes in net assets of the applicable Sub-Accounts.             

USE OF ESTIMATES                                                                
The preparation of financial statements in accordance with GAAP requires        
management to make estimates and assumptions that affect amounts reported       
herein. Actual results could differ from these estimates.                       

5.  EXPENSES AND RELATED PARTY TRANSACTIONS                                     

The following annual Separate Account charge paid to the Company is an          
asset-based charge assessed through a daily reduction in unit values, which is  
recorded as an expense in the accompanying statements of operations of the      
applicable Sub-Accounts:                                                        

   Mortality and Expense Risk -- The mortality risk assumed by the Company
is the risk that those insured may die sooner than anticipated and  
 therefore, the Company will pay an aggregate amount of death benefits
greater than anticipated. The expense risk assumed is the risk that 
   expenses incurred in issuing and administering the Policies will exceed
     the amounts realized from the administrative charges assessed against the
Policies.                                                           

  The table below represents the range of effective annual rates for the
charge for the year ended December 31, 2013:                        

                                                        [Enlarge/Download Table]
                                                                                                                         
-------------------------------------------------------------------------------------------------------------------------
 Mortality and Expense Risk                                                                              0.00% - 0.55%   
-------------------------------------------------------------------------------------------------------------------------

   The above referenced charge may not necessarily correspond to the costs
associated with providing the services or benefits indicated by the 
designation of the charge or associated with a particular policy.   

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

5. EXPENSES AND RELATED PARTY TRANSACTIONS -- (CONCLUDED)                       

For some Policies, a Mortality and Expense Risk charge ranging from 0.50% to    
0.90% is assessed on a monthly basis through the redemption of units. Other     
policy charges that are assessed through the redemption of units generally      
include: cost of insurance ("COI") charges, administrative charges, a policy    
fee, and charges for benefits provided by rider, if any. The COI charge is the  
primary charge under the policy for the death benefit provided by the Company   
which may vary by policy based on underwriting criteria. A transfer fee of $25  
or 2% of the amount transferred may be deducted after twelve transfers are made 
in a policy year. Administrative charges range from $.03 to $1.01 for every     
$1,000 of policy face amount and are assessed monthly for the first 10 policy   
years. Certain policies impose a monthly tax expense charge at a 0.40% annual   
rate for the first 10 policy years and a monthly administrative charge at a     
0.40% annual rate for the life of the policy. Policy fees range from $6 to $30  
and are assessed monthly or annually depending on the policy and the policy     
year. In addition, the Policies impose a surrender charge if the policy is      
partially or fully surrendered within the specified surrender charge period     
that ranges from 0% to 45% of the policy's target premium. Most policies offer  
optional benefits that can be added to the policy by rider. The charge for      
riders that provide life insurance benefits can range from $.01 to $83.33 per   
$1,000 of coverage and the charge for riders providing benefits in the event of 
disability can range from $1.30 to $28.50 per $100 of the benefit provided.     
These charges are paid to the Company and are recorded as policy charges in the 
accompanying statements of changes in net assets of the applicable Sub-Accounts 
for the years ended December 31, 2013, 2012 and 2011.                           

MetLife Advisers, LLC, which acts in the capacity of investment adviser to the  
portfolios of the MIST and MSF Trusts, is an affiliate of the Company.          

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

6.  STATEMENTS OF INVESTMENTS                                                   

                                                        [Enlarge/Download Table]

                                         AS OF                                                                              
                                     DECEMBER 31,                          FOR THE YEAR ENDED DECEMBER 31,                  
                                 ---------------------  --------------------------------------------------------------------
                                                                     COST OF                           PROCEEDS             
                                   SHARES    COST ($)             PURCHASES ($)                     FROM SALES ($)          
                                 ---------   ---------  ---------------------------------  ---------------------------------
                                    2013       2013        2013       2012        2011        2013       2012        2011   
                                 ---------   ---------  ---------     -------   ---------  ---------   ---------  ----------
                                                                                                                            
FTVIPT Templeton Foreign                                                                                                    
  Securities Subaccount........      7,674     125,354      6,160       4,342       2,793      2,575       2,657      13,626
Invesco VI International Growth                                                                                             
  Fund Subaccount..............      1,526      32,142      4,235       1,284         768        644         581       8,877
MIST Clarion Global Real Estate                                                                                             
  Subaccount...................     29,714     324,958     56,372      77,387      39,639     56,303      86,830      86,940
MIST ClearBridge Aggressive                                                                                                 
  Growth Subaccount............     27,694     240,682    106,256      51,143     103,195    323,826     102,171     201,122
MIST Goldman Sachs Mid Cap                                                                                                  
  Value Subaccount.............     34,152     426,698     50,240      29,960      28,444    150,101      92,073     130,366
MIST Harris Oakmark                                                                                                         
  International Subaccount.....     97,372   1,407,342    512,598     211,160     238,798    847,551     321,057     649,407
MIST Invesco Comstock                                                                                                       
  Subaccount...................     46,065     483,453    107,178      74,731      91,842    121,025      70,372      41,881
MIST Invesco Mid Cap Value                                                                                                  
  Subaccount...................     17,520     293,930     10,928       3,639      14,998     34,786      11,297      66,732
MIST Invesco Small Cap Growth                                                                                               
  Portfolio Subaccount.........     41,468     607,177    204,389     211,668      93,809    151,472     189,965     125,953
MIST Loomis Sayles Global                                                                                                   
  Markets Subaccount...........     34,884     414,207     31,526     121,844     266,152     14,579      14,071      70,366
MIST Lord Abbett Bond                                                                                                       
  Debenture Subaccount.........    127,376   1,570,389    286,754     244,003     265,183    191,405     739,274     444,567
MIST MetLife Aggressive                                                                                                     
  Strategy Subaccount..........     39,854     387,114     27,546      21,369      34,882    454,968      61,276     507,426
MIST MetLife Balanced                                                                                                       
  Strategy Subaccount..........    253,201   2,559,765    420,523     431,021     842,438    143,588     234,520   1,059,667
MIST MetLife Defensive                                                                                                      
  Strategy Subaccount..........        800       9,068      9,208       6,657       9,307     72,949       1,696       1,712
MIST MetLife Growth                                                                                                         
  Strategy Subaccount..........    240,166   2,557,473    165,319     306,385     150,067    236,786     451,507     186,870
MIST MetLife Moderate                                                                                                       
  Strategy Subaccount..........    115,149   1,206,416    121,521     120,566      83,673     98,886      58,555      80,644
MIST MFS Emerging                                                                                                           
  Markets Equity Subaccount....     36,641     360,969    142,968      20,869     169,624     63,416     308,781     161,735
MIST MFS Research                                                                                                           
  International Subaccount.....    108,111   1,165,940    125,865     131,532     139,467    436,360     479,317   1,185,874
MIST Morgan Stanley                                                                                                         
  Mid Cap Growth Subaccount....     14,149     128,729      8,077       5,327      19,601     11,205      19,755      43,801
MIST PIMCO Inflation                                                                                                        
  Protected Bond Subaccount....     99,296   1,075,444    786,772     344,843     681,703  1,287,770     466,010     561,893
MIST PIMCO Total                                                                                                            
  Return Subaccount............    255,098   3,065,944  1,048,547     977,974   1,023,719  1,085,002   1,184,575     995,199
MIST Pioneer Fund Subaccount...     26,277     271,616     17,609       6,370      18,783     35,045      26,214      55,486
MIST T. Rowe Price Large Cap                                                                                                
  Value Sub-Account............    189,595   4,623,080  1,106,284     365,432     305,490  1,554,788     821,612   1,364,685
MIST T. Rowe Price Mid Cap                                                                                                  
  Growth Subaccount............    132,898   1,171,350    431,862     478,253     330,158    650,545     490,903     505,848
MIST Third Avenue Small Cap                                                                                                 
  Value Subaccount.............     46,714     725,259    343,071      45,572     167,038    976,272     251,295     503,952
MSF BlackRock Bond Income                                                                                                   
  Subaccount...................         87       9,337        713       2,053         861      2,469       4,363       2,335
MSF BlackRock Legacy Large                                                                                                  
  Cap Growth Subaccount........      4,665     105,897     57,553       4,276       7,354     85,804      16,680      15,465

(a)  For the period April 29, 2013 to December 31, 2013.                        

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

6.  STATEMENTS OF INVESTMENTS -- (CONCLUDED)                                    

                                                        [Enlarge/Download Table]

                                         AS OF                                                                                
                                     DECEMBER 31,                          FOR THE YEAR ENDED DECEMBER 31,                    
                                 -------------------  ------------------------------------------------------------------------
                                                                    COST OF                             PROCEEDS              
                                  SHARES   COST ($)              PURCHASES ($)                       FROM SALES ($)           
                                 -------   ---------  -----------------------------------  -----------------------------------
                                   2013      2013        2013         2012        2011        2013         2012        2011   
                                 -------   ---------  ------------  ---------    --------  ------------  ---------  ----------
                                                                                                                              
MSF BlackRock Money Market                                                                                                    
  Subaccount....................  13,781   1,378,092  1,492,065     2,507,242     432,116  2,998,252     2,254,065   1,484,514
MSF Davis Venture Value                                                                                                       
  Subaccount....................  58,554   1,822,980    487,051       186,547     168,612  1,332,542       636,312   1,287,067
MSF Frontier Mid Cap Growth                                                                                                   
  Subaccount....................   7,611     232,203    280,489(a)         --          --     51,824(a)         --          --
MSF Jennison Growth                                                                                                           
  Subaccount.................... 147,592   1,782,931    406,767     1,746,016     203,988    709,962       622,778     284,773
MSF Met/Artisan Mid Cap Value                                                                                                 
  Subaccount....................   3,502     741,062    164,597       118,282      68,372    322,148       167,071     190,626
MSF MetLife Stock Index                                                                                                       
  Subaccount....................  42,124   1,352,149    637,228       460,726     184,170  1,018,691       342,031     138,726
MSF Neuberger Berman Genesis                                                                                                  
  Sub-Account...................  55,669     800,679    896,265(a)         --          --    103,603(a)         --          --
MSF T. Rowe Price Small Cap                                                                                                   
  Growth Subaccount.............  20,354     335,945    258,105           703         789     29,105         4,340       4,184
MSF T.Rowe Price Large Cap                                                                                                    
  Growth Subaccount.............     862      11,471        963         1,493          23        457           508       2,936
MSF Western Asset Management                                                                                                  
  U.S. Government Subaccount....   6,353      76,695     16,499        10,635      15,714     39,946        10,820     131,092
Putnam VT Multi-Cap Growth                                                                                                    
  Subaccount....................     657      12,341        663           631         604        852         1,151       1,054

(a)  For the period April 29, 2013 to December 31, 2013.                        

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

7.  SCHEDULES OF UNITS                                                          
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011:                   

                                                        [Enlarge/Download Table]

                                                  FTVIPT TEMPLETON                              INVESCO V.I.               
                                                 FOREIGN SECURITIES                         INTERNATIONAL GROWTH           
                                                     SUB-ACCOUNT                                 SUB-ACCOUNT               
                                    -------------------------------------------  ------------------------------------------
                                        2013            2012           2011           2013          2012           2011    
                                    -------------  -------------  -------------  -------------  ------------  -------------

                                                                                                                           
Units beginning of year............         5,720          5,806          6,620          2,967         2,961          3,598
Units issued and transferred                                                                                               
   from other funding options......           168             33             28            251            52              2
Units redeemed and transferred to                                                                                          
   other funding options...........          (89)          (119)          (842)           (47)          (46)          (639)
                                    -------------  -------------  -------------  -------------  ------------  -------------
Units end of year..................         5,799          5,720          5,806          3,171         2,967          2,961
                                    =============  =============  =============  =============  ============  =============


                                                MIST CLARION GLOBAL                           MIST CLEARBRIDGE             
                                                    REAL ESTATE                               AGGRESSIVE GROWTH            
                                                    SUB-ACCOUNT                                  SUB-ACCOUNT               
                                    -------------------------------------------  ------------------------------------------
                                        2013           2012            2011           2013           2012          2011    
                                    -------------  -------------  -------------  -------------  -------------  ------------

                                                                                                                           
Units beginning of year............        18,675         19,610         23,260         33,803         36,581        44,597
Units issued and transferred                                                                                               
   from other funding options......         2,214          4,397          1,796         22,936          6,041         8,895
Units redeemed and transferred to                                                                                          
   other funding options...........       (3,215)        (5,332)        (5,446)       (35,555)        (8,819)      (16,911)
                                    -------------  -------------  -------------  -------------  -------------  ------------
Units end of year..................        17,674         18,675         19,610         21,184         33,803        36,581
                                    =============  =============  =============  =============  =============  ============

                                                        [Enlarge/Download Table]

                                              MIST GOLDMAN SACHS                         MIST HARRIS OAKMARK          
                                                 MID CAP VALUE                              INTERNATIONAL             
                                                  SUB-ACCOUNT                                SUB-ACCOUNT              
                                    ----------------------------------------  ----------------------------------------
                                        2013          2012          2011          2013          2012          2011    
                                    ------------  ------------  ------------  ------------  ------------  ------------

                                                                                                                      
Units beginning of year............       30,953        34,731        40,616        76,754        82,740       102,155
Units issued and transferred                                                                                          
   from other funding options......       17,302         1,584         1,651        47,456        10,616        12,277
Units redeemed and transferred to                                                                                     
   other funding options...........     (23,447)       (5,362)       (7,536)      (61,535)      (16,602)      (31,692)
                                    ------------  ------------  ------------  ------------  ------------  ------------
Units end of year..................       24,808        30,953        34,731        62,675        76,754        82,740
                                    ============  ============  ============  ============  ============  ============



                                             MIST INVESCO COMSTOCK                MIST INVESCO MID CAP VALUE          
                                                  SUB-ACCOUNT                             SUB-ACCOUNT                 
                                    --------------------------------------  ---------------------------------------   
                                       2013          2012         2011          2013         2012          2011       
                                    -----------  ------------  -----------  ------------  -----------  ------------   

                                                                                                                      
Units beginning of year............       5,043         4,087        3,663        10,271       10,591        12,376   
Units issued and transferred                                                                                          
   from other funding options......      18,960         1,674          791           221           61           466   
Units redeemed and transferred to                                                                                     
   other funding options...........     (2,775)         (718)        (367)         (935)        (381)       (2,251)   
                                    -----------  ------------  -----------  ------------  -----------  ------------   
Units end of year..................      21,228         5,043        4,087         9,557       10,271        10,591   
                                    ===========  ============  ===========  ============  ===========  ============   

                                                        [Enlarge/Download Table]

                                                 MIST INVESCO                            MIST LOOMIS SAYLES           
                                               SMALL CAP GROWTH                            GLOBAL MARKETS             
                                                  SUB-ACCOUNT                                SUB-ACCOUNT              
                                    ----------------------------------------  ----------------------------------------
                                        2013          2012          2011          2013          2012          2011    
                                    ------------  ------------  ------------  ------------  ------------  ------------

                                                                                                                      
Units beginning of year............       32,976        34,422        36,164        27,897        21,110         6,929
Units issued and transferred                                                                                          
   from other funding options......       14,796        10,581         6,536         1,847         7,600        19,036
Units redeemed and transferred to                                                                                     
   other funding options...........     (15,463)      (12,027)       (8,278)       (1,410)         (813)       (4,855)
                                    ------------  ------------  ------------  ------------  ------------  ------------
Units end of year..................       32,309        32,976        34,422        28,334        27,897        21,110
                                    ============  ============  ============  ============  ============  ============


                                                MIST LORD ABBETT                            MIST METLIFE              
                                                 BOND DEBENTURE                          AGGRESSIVE STRATEGY          
                                                   SUB-ACCOUNT                               SUB-ACCOUNT              
                                    ----------------------------------------  ----------------------------------------
                                        2013          2012          2011          2013          2012          2011    
                                    ------------  ------------  ------------  ------------  ------------  ------------

                                                                                                                      
Units beginning of year............       66,633        96,842       111,921         5,990         6,318         9,966
Units issued and transferred                                                                                          
   from other funding options......       20,587         7,468         7,224        38,290           131           265
Units redeemed and transferred to                                                                                     
   other funding options...........     (26,981)      (37,677)      (22,303)      (23,599)         (459)       (3,913)
                                    ------------  ------------  ------------  ------------  ------------  ------------
Units end of year..................       60,239        66,633        96,842        20,681         5,990         6,318
                                    ============  ============  ============  ============  ============  ============

                                                        [Enlarge/Download Table]

                                                  MIST METLIFE                              MIST METLIFE               
                                                BALANCED STRATEGY                        DEFENSIVE STRATEGY            
                                                   SUB-ACCOUNT                               SUB-ACCOUNT               
                                    ----------------------------------------  -----------------------------------------
                                        2013          2012          2011           2013          2012          2011    
                                    ------------  ------------  ------------   ------------  ------------  ------------

                                                                                                                       
Units beginning of year............       24,597        17,003        19,102            503           485           435
Units issued and transferred                                                                                           
   from other funding options......       43,623         9,498         6,428             32            28            60
Units redeemed and transferred to                                                                                      
   other funding options...........      (5,667)       (1,904)       (8,527)          (475)          (10)          (10)
                                    ------------  ------------  ------------   ------------  ------------  ------------
Units end of year..................       62,553        24,597        17,003             60           503           485
                                    ============  ============  ============   ============  ============  ============


                                                  MIST METLIFE                             MIST METLIFE                
                                                 GROWTH STRATEGY                         MODERATE STRATEGY             
                                                   SUB-ACCOUNT                              SUB-ACCOUNT                
                                    ----------------------------------------  ---------------------------------------- 
                                        2013          2012          2011          2013          2012          2011     
                                    ------------  ------------  ------------  ------------  ------------  ------------ 

                                                                                                                       
Units beginning of year............       30,414        21,386        21,914         9,242         8,711         8,809 
Units issued and transferred                                                                                           
   from other funding options......       14,573        12,729           882        36,668           954           475 
Units redeemed and transferred to                                                                                      
   other funding options...........      (3,614)       (3,701)       (1,410)       (6,102)         (423)         (573) 
                                    ------------  ------------  ------------  ------------  ------------  ------------ 
Units end of year..................       41,373        30,414        21,386        39,808         9,242         8,711 
                                    ============  ============  ============  ============  ============  ============ 


(a) For the period April 29, 2013 to December 31, 2013.                         

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

7.  SCHEDULES OF UNITS -- (CONTINUED)                                           
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011:                   

                                                        [Enlarge/Download Table]

                                                   MIST MFS                                   MIST MFS                
                                            EMERGING MARKETS EQUITY                    RESEARCH INTERNATIONAL         
                                                  SUB-ACCOUNT                                SUB-ACCOUNT              
                                    ----------------------------------------  ----------------------------------------
                                        2013          2012          2011          2013          2012          2011    
                                    ------------  ------------  ------------  ------------  ------------  ------------

                                                                                                                      
Units beginning of year............       25,387        48,591        48,949        68,319        86,503       140,572
Units issued and transferred                                                                                          
   from other funding options......       11,631         1,667        13,450        25,004        10,381         5,500
Units redeemed and transferred to                                                                                     
   other funding options...........      (5,540)      (24,871)      (13,808)      (36,992)      (28,565)      (59,569)
                                    ------------  ------------  ------------  ------------  ------------  ------------
Units end of year..................       31,478        25,387        48,591        56,331        68,319        86,503
                                    ============  ============  ============  ============  ============  ============


                                               MIST MORGAN STANLEY                          MIST PIMCO                
                                                 MID CAP GROWTH                      INFLATION PROTECTED BOND         
                                                   SUB-ACCOUNT                              SUB-ACCOUNT               
                                    ----------------------------------------  ----------------------------------------
                                        2013          2012          2011          2013          2012          2011    
                                    ------------  ------------  ------------  ------------  ------------  ------------

                                                                                                                      
Units beginning of year............        7,298         7,917         9,205        93,790       109,605       108,563
Units issued and transferred                                                                                          
   from other funding options......          248           262           562        66,606        10,571        35,865
Units redeemed and transferred to                                                                                     
   other funding options...........        (420)         (881)       (1,850)     (100,261)      (26,386)      (34,823)
                                    ------------  ------------  ------------  ------------  ------------  ------------
Units end of year..................        7,126         7,298         7,917        60,135        93,790       109,605
                                    ============  ============  ============  ============  ============  ============

                                                        [Enlarge/Download Table]

                                                   MIST PIMCO                                  MIST                   
                                                  TOTAL RETURN                             PIONEER FUND               
                                                   SUB-ACCOUNT                              SUB-ACCOUNT               
                                    ----------------------------------------  ----------------------------------------
                                        2013          2012          2011          2013          2012          2011    
                                    ------------  ------------  ------------  ------------  ------------  ------------

                                                                                                                      
Units beginning of year............      170,142       189,371       197,880         3,091         3,298         3,631
Units issued and transferred                                                                                          
   from other funding options......       96,067        52,431        47,328            22             4           154
Units redeemed and transferred to                                                                                     
   other funding options...........    (111,919)      (71,660)      (55,837)         (237)         (211)         (487)
                                    ------------  ------------  ------------  ------------  ------------  ------------
Units end of year..................      154,290       170,142       189,371         2,876         3,091         3,298
                                    ============  ============  ============  ============  ============  ============


                                               MIST T. ROWE PRICE                        MIST T. ROWE PRICE           
                                                 LARGE CAP VALUE                           MID CAP GROWTH             
                                                   SUB-ACCOUNT                               SUB-ACCOUNT              
                                    ----------------------------------------  --------------------------------------- 
                                        2013          2012          2011          2013          2012          2011    
                                    ------------  ------------  ------------  ------------  ------------  ----------- 

                                                                                                                      
Units beginning of year............      263,580       301,520       378,052        89,207        96,423      109,038 
Units issued and transferred                                                                                          
   from other funding options......       67,636        22,131        22,110        46,253        23,072       19,573 
Units redeemed and transferred to                                                                                     
   other funding options...........    (123,472)      (60,071)      (98,642)      (55,043)      (30,288)     (32,188) 
                                    ------------  ------------  ------------  ------------  ------------  ----------- 
Units end of year..................      207,744       263,580       301,520        80,417        89,207       96,423 
                                    ============  ============  ============  ============  ============  =========== 

                                                        [Enlarge/Download Table]

                                               MIST THIRD AVENUE                          MSF BLACKROCK              
                                                SMALL CAP VALUE                            BOND INCOME               
                                                  SUB-ACCOUNT                              SUB-ACCOUNT               
                                    ---------------------------------------  --------------------------------------- 
                                        2013         2012          2011          2013          2012          2011    
                                    ------------  -----------  ------------  ------------  ------------  ----------- 

                                                                                                                     
Units beginning of year............       52,850       61,163        76,212           143           176          203 
Units issued and transferred                                                                                         
   from other funding options......       29,385        2,977         6,549            --            22            3 
Units redeemed and transferred to                                                                                    
   other funding options...........     (49,900)     (11,290)      (21,598)          (30)          (55)         (30) 
                                    ------------  -----------  ------------  ------------  ------------  ----------- 
Units end of year..................       32,335       52,850        61,163           113           143          176 
                                    ============  ===========  ============  ============  ============  =========== 


                                                 MSF BLACKROCK                             MSF BLACKROCK             
                                             CAPITAL APPRECIATION                          MONEY MARKET              
                                                  SUB-ACCOUNT                               SUB-ACCOUNT              
                                    ----------------------------------------  ---------------------------------------
                                        2013          2012          2011         2013          2012          2011    
                                    ------------  ------------  ------------  -----------  ------------  ------------

                                                                                                                     
Units beginning of year............        8,214         9,003         9,665      219,012       208,523       289,854
Units issued and transferred                                                                                         
   from other funding options......        6,273           108           316       95,596       189,852        34,398
Units redeemed and transferred to                                                                                    
   other funding options...........      (6,929)         (897)         (978)    (249,188)     (179,363)     (115,729)
                                    ------------  ------------  ------------  -----------  ------------  ------------
Units end of year..................        7,558         8,214         9,003       65,420       219,012       208,523
                                    ============  ============  ============  ===========  ============  ============

                                                        [Enlarge/Download Table]

                                                                               MSF FRONTIER                           
                                                MSF DAVIS VENTURE                 MID CAP                             
                                                      VALUE                       GROWTH                              
                                                   SUB-ACCOUNT                  SUB-ACCOUNT                           
                                    -----------------------------------------  ------------                           
                                        2013           2012          2011        2013 (A)                             
                                    -------------  ------------  ------------  ------------                           

                                                                                                                      
Units beginning of year............       167,128       205,966       284,822            --                           
Units issued and transferred                                                                                          
   from other funding options......        39,071         9,781         9,666        26,369                           
Units redeemed and transferred to                                                                                     
   other funding options...........     (121,303)      (48,619)      (88,522)      (12,349)                           
                                    -------------  ------------  ------------  ------------                           
Units end of year..................        84,896       167,128       205,966        14,020                           
                                    =============  ============  ============  ============                           



                                                  MSF JENNISON                             MSF MET/ARTISAN            
                                                     GROWTH                                 MID CAP VALUE             
                                                   SUB-ACCOUNT                               SUB-ACCOUNT              
                                    ----------------------------------------  ----------------------------------------
                                        2013          2012          2011          2013          2012          2011    
                                    ------------  ------------  ------------  ------------  ------------  ------------

                                                                                                                      
Units beginning of year............      103,565        55,767        60,297        52,276        58,672        68,298
Units issued and transferred                                                                                          
   from other funding options......       69,447        84,875        11,623        11,932         7,421         4,613
Units redeemed and transferred to                                                                                     
   other funding options...........     (75,595)      (37,077)      (16,153)      (32,062)      (13,817)      (14,239)
                                    ------------  ------------  ------------  ------------  ------------  ------------
Units end of year..................       97,417       103,565        55,767        32,146        52,276        58,672
                                    ============  ============  ============  ============  ============  ============


(a) For the period April 29, 2013 to December 31, 2013.                         

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

7.  SCHEDULES OF UNITS -- (CONCLUDED)                                           
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011:                   

                                                        [Enlarge/Download Table]

                                                                                    MSF                               
                                                                                 NEUBERGER                            
                                                   MSF METLIFE                    BERMAN                              
                                                   STOCK INDEX                    GENESIS                             
                                                   SUB-ACCOUNT                  SUB-ACCOUNT                           
                                    -----------------------------------------  ------------                           
                                        2013           2012          2011        2013 (A)                             
                                    -------------  ------------  ------------  ------------                           

                                                                                                                      
Units beginning of year............        97,344       114,857       112,922            --                           
Units issued and transferred                                                                                          
   from other funding options......        33,909        23,060        12,305        60,869                           
Units redeemed and transferred to                                                                                     
   other funding options...........      (83,089)      (40,573)      (10,370)      (16,445)                           
                                    -------------  ------------  ------------  ------------                           
Units end of year..................        48,164        97,344       114,857        44,424                           
                                    =============  ============  ============  ============                           



                                                MSF T. ROWE PRICE                         MSF T. ROWE PRICE           
                                                LARGE CAP GROWTH                          SMALL CAP GROWTH            
                                                   SUB-ACCOUNT                               SUB-ACCOUNT              
                                    ----------------------------------------  ----------------------------------------
                                        2013          2012          2011          2013          2012          2011    
                                    ------------  ------------  ------------  ------------  ------------  ------------

                                                                                                                      
Units beginning of year............        7,346         7,536         7,735           546           561           688
Units issued and transferred                                                                                          
   from other funding options......       13,871            35           215            --             6             1
Units redeemed and transferred to                                                                                     
   other funding options...........      (2,008)         (225)         (414)          (14)          (21)         (128)
                                    ------------  ------------  ------------  ------------  ------------  ------------
Units end of year..................       19,209         7,346         7,536           532           546           561
                                    ============  ============  ============  ============  ============  ============

                                                        [Enlarge/Download Table]

                                         MSF WESTERN ASSET MANAGEMENT                        PUTNAM VT               
                                                U.S. GOVERNMENT                          MULTI-CAP GROWTH            
                                                  SUB-ACCOUNT                               SUB-ACCOUNT              
                                    ----------------------------------------  ---------------------------------------
                                        2013          2012          2011          2013          2012         2011    
                                    ------------  ------------  ------------  ------------  -----------  ------------

                                                                                                                     
Units beginning of year............          457           465         1,040           879          911           982
Units issued and transferred                                                                                         
   from other funding options......          356            39            54            38           46         1,011
Units redeemed and transferred to                                                                                    
   other funding options...........        (235)          (47)         (629)          (49)         (78)       (1,082)
                                    ------------  ------------  ------------  ------------  -----------  ------------
Units end of year..................          578           457           465           868          879           911
                                    ============  ============  ============  ============  ===========  ============


(a) For the period April 29, 2013 to December 31, 2013.                         

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS                                                        

The Company sells a number of variable life products which have unique          
combinations of features and fees, some of which directly affect the unit       
values of the Sub-Accounts. Differences in the fee structures result in a       
variety of unit values, expense ratios, and total returns.                      

The following table is a summary of unit values and units outstanding for the   
Policies, net investment income ratios, and expense ratios, excluding expenses  
for the underlying fund or portfolio, for the respective stated periods in the  
five years ended December 31, 2013:                                             

                                                        [Enlarge/Download Table]

                                                        AS OF DECEMBER 31                    
                                           -------------------------------------------       
                                                           UNIT VALUE                        
                                                            LOWEST TO          NET           
                                               UNITS       HIGHEST ($)     ASSETS ($)        
                                           -----------  ----------------  ------------       
                                                                                             
FTVIPT Templeton Foreign Securities  2013        5,799    20.86 - 154.39       134,753       
   Sub-Account                       2012        5,720    15.37 - 125.56       108,569       
                                     2011        5,806    13.03 - 106.32        92,913       
                                     2010        6,620    14.63 - 119.25       116,626       
                                     2009        7,580     13.54 - 14.66       109,928       

Invesco V.I. International Growth    2013        3,171     16.73 - 44.27        53,891       
   Sub-Account                       2012        2,967     14.06 - 37.29        42,370       
                                     2011        2,961     12.17 - 32.41        36,569       
                                     2010        3,598     12.30 - 34.91        47,490       
                                     2009        3,723     10.96 - 11.56        43,008       

MIST Clarion Global Real Estate      2013       17,674     18.72 - 18.94       330,964       
   Sub-Account                       2012       18,675     18.14 - 18.30       338,836       
                                     2011       19,610     14.44 - 14.55       283,265       
                                     2010       23,260     15.33 - 15.43       356,641       
                                     2009       23,025             13.26       305,225       

MIST ClearBridge Aggressive          2013       21,184     15.39 - 20.53       372,425       
   Growth Sub-Account                2012       33,803     10.57 - 14.15       450,353       
                                     2011       36,581      8.94 - 11.98       424,732       
                                     2010       44,597      8.67 - 11.63       506,425       
                                     2009       48,591              9.43       458,027       

MIST Goldman Sachs Mid Cap           2013       24,808     24.28 - 24.58       606,498       
   Value Sub-Account                 2012       30,953             18.37       568,479       
                                     2011       34,731             15.59       541,432       
                                     2010       40,616             16.69       678,241       
                                     2009       42,888             13.48       578,140       

MIST Harris Oakmark International    2013       62,675     29.32 - 30.33     1,862,655       
   Sub-Account                       2012       76,754     22.47 - 23.13     1,772,605       
                                     2011       82,740             17.96     1,486,107       
                                     2010      102,155             20.96     2,144,852       
                                     2009      109,693             18.10     1,984,877       

MIST Invesco Comstock Sub-Account    2013       21,228    17.33 - 171.39       671,585       
                                     2012        5,043    12.81 - 127.06       515,450       
                                     2011        4,087            107.58       439,690       
                                     2010        3,663            109.45       400,870       
                                     2009        3,891             95.60       371,973       

MIST Invesco Mid Cap Value           2013        9,557     41.69 - 43.00       398,908       
   Sub-Account                       2012       10,271     25.77 - 33.00       328,233       
                                     2011       10,591     22.54 - 28.82       294,396       
                                     2010       12,376     23.47 - 29.99       356,212       
                                     2009       15,886     18.76 - 22.85       360,427       


                                                     FOR THE YEAR ENDED DECEMBER 31          
                                           --------------------------------------------------
                                           INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                              INCOME          LOWEST TO          LOWEST TO   
                                             RATIO (%)       HIGHEST (%)        HIGHEST (%)  
                                           -------------  ----------------  -----------------
                                                                                             
FTVIPT Templeton Foreign Securities  2013      2.55         0.00 - 0.25         22.97 - 23.27
   Sub-Account                       2012      3.20         0.00 - 0.55         17.94 - 18.60
                                     2011      1.93         0.00 - 0.55     (10.93) - (10.45)
                                     2010      2.11         0.00 - 0.55           8.08 - 9.63
                                     2009      4.08                0.55         36.59 - 37.34

Invesco V.I. International Growth    2013      1.26         0.00 - 0.25         18.72 - 19.01
   Sub-Account                       2012      1.49         0.00 - 0.25         15.04 - 15.53
                                     2011      1.66         0.00 - 0.45       (7.16) - (6.74)
                                     2010      2.39         0.00 - 0.55         12.61 - 12.85
                                     2009      1.58                0.55         34.50 - 35.25

MIST Clarion Global Real Estate      2013      6.83         0.25 - 0.55           3.19 - 3.50
   Sub-Account                       2012      2.12         0.25 - 0.55         25.60 - 25.76
                                     2011      4.18         0.45 - 0.55       (5.79) - (5.70)
                                     2010      7.98         0.45 - 0.55         11.83 - 15.65
                                     2009      3.71                0.55                 34.37

MIST ClearBridge Aggressive          2013      0.43         0.25 - 0.55         45.10 - 45.54
   Growth Sub-Account                2012      0.20         0.25 - 0.55         18.16 - 18.31
                                     2011      0.10         0.45 - 0.55           2.98 - 3.08
                                     2010      0.07         0.45 - 0.55         14.05 - 23.37
                                     2009      0.14                0.55                 32.72

MIST Goldman Sachs Mid Cap           2013      1.19         0.25 - 0.55         32.22 - 32.62
   Value Sub-Account                 2012      0.87                0.55                 17.81
                                     2011      0.65                0.55                (6.65)
                                     2010      1.22                0.55                 23.88
                                     2009      1.64                0.55                 31.94

MIST Harris Oakmark International    2013      2.74         0.15 - 0.55         30.08 - 30.61
   Sub-Account                       2012      1.84         0.25 - 0.55         28.76 - 28.93
                                     2011      0.03                0.55               (14.46)
                                     2010      2.06                0.55                 16.03
                                     2009      8.35                0.55                 54.61

MIST Invesco Comstock Sub-Account    2013      1.29         0.25 - 0.55         34.89 - 35.30
                                     2012      1.57         0.25 - 0.55         18.10 - 18.26
                                     2011      1.24                0.55                (1.71)
                                     2010      1.67                0.55                 14.49
                                     2009      2.66                0.55                 26.20

MIST Invesco Mid Cap Value           2013      0.92         0.00 - 0.25         30.30 - 30.63
   Sub-Account                       2012      0.67         0.00 - 0.55         14.36 - 15.00
                                     2011      0.77         0.00 - 0.55       (3.99) - (3.46)
                                     2010      0.85         0.00 - 0.55         11.36 - 25.84
                                     2009      2.92                0.55         26.17 - 26.87

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)                                         

                                                        [Enlarge/Download Table]

                                                     AS OF DECEMBER 31                      
                                         -----------------------------------------          
                                                         UNIT VALUE                         
                                                          LOWEST TO        NET              
                                            UNITS        HIGHEST ($)   ASSETS ($)           
                                         -----------  ---------------  -----------          
                                                                                            
MIST Invesco Small Cap Growth      2013       32,309    24.78 - 29.90      851,279          
   Sub-Account                     2012       32,976    17.73 - 20.61      598,422          
                                   2011       34,422    15.04 - 17.46      517,851          
                                   2010       36,164            15.25      551,631          
                                   2009       40,018            12.13      485,309          

MIST Loomis Sayles Global Markets  2013       28,334    18.36 - 18.55      520,434          
   Sub-Account                     2012       27,897            15.74      438,966          
                                   2011       21,110            13.50      284,909          
                                   2010        6,929            13.74       95,216          
                                   2009        6,781            11.29       76,547          

MIST Lord Abbett Bond Debenture    2013       60,239    24.05 - 36.85    1,723,794          
   Sub-Account                     2012       66,633    22.36 - 32.46    1,611,273          
                                   2011       96,842    19.86 - 22.64    2,004,485          
                                   2010      111,921    19.05 - 21.59    2,208,923          
                                   2009      111,155    16.93 - 19.08    1,954,950          

MIST MetLife Aggressive Strategy   2013       20,681   17.75 - 175.46      536,385          
   Sub-Account                     2012        5,990           135.96      814,421          
                                   2011        6,318           116.80      737,946          
                                   2010        9,966           124.37    1,239,472          
                                   2009        2,775           106.95      296,818          

MIST MetLife Balanced Strategy     2013       62,553   17.13 - 169.36    3,339,690          
   Sub-Account                     2012       24,597   14.34 - 142.18    2,583,652          
                                   2011       17,003           125.15    2,127,849          
                                   2010       19,102           127.76    2,440,526          
                                   2009       15,551           112.84    1,754,842          

MIST MetLife Defensive Strategy    2013           60           157.89        9,546          
   Sub-Account                     2012          503           145.23       73,028          
                                   2011          485           131.33       63,636          
                                   2010          435           129.48       56,362          
                                   2009          386           117.02       45,169          

MIST MetLife Growth Strategy       2013       41,373   17.77 - 175.65    3,393,497          
   Sub-Account                     2012       30,414   14.11 - 139.88    2,798,566          
                                   2011       21,386           121.22    2,592,354          
                                   2010       21,914           126.49    2,771,903          
                                   2009       26,093           109.87    2,866,765          

MIST MetLife Moderate Strategy     2013       39,808   16.72 - 165.34    1,473,862          
   Sub-Account                     2012        9,242   14.65 - 145.29    1,302,910          
                                   2011        8,711           129.63    1,129,123          
                                   2010        8,809           130.12    1,146,247          
                                   2009        9,488           116.13    1,101,910          

MIST MFS Emerging Markets Equity   2013       31,478    12.05 - 12.17      379,949          
   Sub-Account                     2012       25,387    12.73 - 12.82      323,193          
                                   2011       48,591    10.75 - 10.81      522,182          
                                   2010       48,949    13.25 - 13.31      648,372          
                                   2009       33,572            10.74      360,567          


                                                    FOR THE YEAR ENDED DECEMBER 31          
                                         ---------------------------------------------------
                                          INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                             INCOME          LOWEST TO          LOWEST TO   
                                            RATIO (%)       HIGHEST (%)        HIGHEST (%)  
                                         --------------  ----------------  -----------------
                                                                                            
MIST Invesco Small Cap Growth      2013       0.42         0.15 - 0.55         39.77 - 40.32
   Sub-Account                     2012         --         0.25 - 0.55         17.86 - 18.01
                                   2011         --         0.45 - 0.55       (1.39) - (1.29)
                                   2010         --                0.55                 25.79
                                   2009         --                0.55                 33.47

MIST Loomis Sayles Global Markets  2013       2.55         0.25 - 0.55         16.70 - 17.05
   Sub-Account                     2012       2.12                0.55                 16.59
                                   2011       2.52                0.55                (1.79)
                                   2010       3.46                0.55                 21.72
                                   2009       2.24                0.55                 40.23

MIST Lord Abbett Bond Debenture    2013       6.68         0.00 - 0.55           7.58 - 8.17
   Sub-Account                     2012       7.04         0.00 - 0.55         12.57 - 13.19
                                   2011       6.17         0.00 - 0.55           4.25 - 4.82
                                   2010       6.45         0.00 - 0.55         12.56 - 13.18
                                   2009       7.78                0.55         36.37 - 37.12

MIST MetLife Aggressive Strategy   2013       1.22         0.25 - 0.55         29.06 - 29.44
   Sub-Account                     2012       0.85                0.55                 16.40
                                   2011       1.21                0.55                (6.08)
                                   2010       0.96                0.55                 16.28
                                   2009         --                0.55                 32.23

MIST MetLife Balanced Strategy     2013       2.06         0.25 - 0.55         19.12 - 19.48
   Sub-Account                     2012       2.30         0.25 - 0.55         13.61 - 13.75
                                   2011       1.88                0.55                (2.05)
                                   2010       2.10                0.55                 13.22
                                   2009         --                0.55                 28.00

MIST MetLife Defensive Strategy    2013       7.61                0.55                  8.72
   Sub-Account                     2012       3.04                0.55                 10.58
                                   2011       2.55                0.55                  1.43
                                   2010       3.49                0.55                 10.64
                                   2009       4.08                0.55                 22.56

MIST MetLife Growth Strategy       2013       1.73         0.25 - 0.55         25.57 - 25.95
   Sub-Account                     2012       1.80         0.25 - 0.55         15.40 - 15.55
                                   2011       1.72                0.55                (4.17)
                                   2010       1.85                0.55                 15.13
                                   2009         --                0.55                 29.76

MIST MetLife Moderate Strategy     2013       2.57         0.25 - 0.55         13.80 - 14.15
   Sub-Account                     2012       2.78         0.25 - 0.55         12.08 - 12.22
                                   2011       2.01                0.55                (0.38)
                                   2010       2.84                0.55                 12.05
                                   2009       3.72                0.55                 25.66

MIST MFS Emerging Markets Equity   2013       1.26         0.25 - 0.55       (5.32) - (5.04)
   Sub-Account                     2012       0.83         0.25 - 0.55         18.45 - 18.60
                                   2011       1.56         0.45 - 0.55     (18.88) - (18.79)
                                   2010       1.03         0.45 - 0.55         19.03 - 23.32
                                   2009       1.18                0.55                 68.23


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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)                                         

                                                        [Enlarge/Download Table]

                                                    AS OF DECEMBER 31                    
                                       ------------------------------------------        
                                                      UNIT VALUE                         
                                                       LOWEST TO          NET            
                                           UNITS      HIGHEST ($)     ASSETS ($)         
                                       -----------  ---------------  ------------        
                                                                                         
MIST MFS Research International  2013       56,331    20.19 - 28.80     1,298,316        
   Sub-Account                   2012       68,319    16.92 - 24.08     1,412,862        
                                 2011       86,503    14.53 - 20.59     1,554,624        
                                 2010      140,572    16.30 - 22.99     2,827,554        
                                 2009      132,368    17.97 - 20.59     2,404,090        

MIST Morgan Stanley Mid Cap      2013        7,126    25.33 - 32.95       230,586        
   Growth Sub-Account            2012        7,298    13.00 - 23.65       169,509        
                                 2011        7,917    11.93 - 21.59       168,072        
                                 2010        9,205    12.85 - 23.13       209,605        
                                 2009       12,190     9.76 - 17.47       205,218        

MIST PIMCO Inflation Protected   2013       60,135    16.35 - 17.06       987,947        
   Bond Sub-Account              2012       93,790    18.06 - 18.24     1,694,813        
                                 2011      109,605            16.61     1,820,776        
                                 2010      108,563            14.98     1,626,591        
                                 2009       96,808            13.95     1,350,368        

MIST PIMCO Total Return          2013      154,290    18.62 - 21.48     3,027,966        
   Sub-Account                   2012      170,142    19.05 - 21.86     3,325,699        
                                 2011      189,371    17.49 - 19.95     3,339,529        
                                 2010      197,880    17.00 - 19.29     3,390,666        
                                 2009      253,284    15.77 - 17.80     4,036,073        

MIST Pioneer Fund Sub-Account    2013        2,876           170.81       491,287        
   (Commenced 5/4/2009)          2012        3,091           128.35       396,726        
                                 2011        3,298           116.06       382,723        
                                 2010        3,631           121.59       441,447        
                                 2009        4,515           104.62       472,344        

MIST T. Rowe Price Large Cap     2013      207,744    20.90 - 99.03     6,104,336        
   Value Sub-Account             2012      263,580    15.68 - 69.03     5,013,414        
                                 2011      301,520    13.33 - 58.62     4,727,402        
                                 2010      378,052    13.93 - 61.19     6,016,069        
                                 2009      432,079    11.93 - 15.75     5,870,197        

MIST T. Rowe Price Mid Cap       2013       80,417    17.98 - 23.43     1,633,247        
   Growth Sub-Account            2012       89,207    13.16 - 17.20     1,460,144        
                                 2011       96,423            15.18     1,463,658        
                                 2010      109,038            15.48     1,687,854        
                                 2009      134,262            12.15     1,631,694        

MIST Third Avenue Small Cap      2013       32,335    27.86 - 33.27       982,793        
   Value Sub-Account             2012       52,850    21.03 - 25.18     1,327,124        
                                 2011       61,163            21.41     1,309,573        
                                 2010       76,212            23.58     1,797,066        
                                 2009       78,740            19.73     1,553,885        

MSF BlackRock Bond Income        2013          113            82.50         9,351        
   Sub-Account                   2012          143    80.91 - 83.34        11,889        
                                 2011          176    75.65 - 77.82        13,717        
                                 2010          203    71.38 - 73.36        14,859        
                                 2009          245            66.25        16,226        


                                                 FOR THE YEAR ENDED DECEMBER 31          
                                       --------------------------------------------------
                                       INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                          INCOME          LOWEST TO          LOWEST TO   
                                         RATIO (%)       HIGHEST (%)        HIGHEST (%)  
                                       -------------  ----------------  -----------------
                                                                                         
MIST MFS Research International  2013      2.85         0.00 - 0.55         18.94 - 19.58
   Sub-Account                   2012      2.13         0.00 - 0.55         16.37 - 16.97
                                 2011      2.12         0.00 - 0.55     (10.89) - (10.44)
                                 2010      1.97         0.00 - 0.55         11.09 - 14.01
                                 2009      3.62                0.55         31.27 - 31.93

MIST Morgan Stanley Mid Cap      2013      0.79         0.00 - 0.25         38.96 - 39.30
   Growth Sub-Account            2012        --         0.00 - 0.55           8.95 - 9.55
                                 2011      0.71         0.00 - 0.55       (7.17) - (6.67)
                                 2010      0.17         0.00 - 0.55         20.18 - 32.41
                                 2009      0.02                0.55         56.97 - 57.82

MIST PIMCO Inflation Protected   2013      2.58         0.15 - 0.55       (9.48) - (9.12)
   Bond Sub-Account              2012      3.24         0.25 - 0.55           8.72 - 8.87
                                 2011      1.90                0.55                 10.87
                                 2010      2.54                0.55                  7.41
                                 2009      4.01                0.55                 17.71

MIST PIMCO Total Return          2013      4.60         0.00 - 0.55       (2.26) - (1.72)
   Sub-Account                   2012      3.39         0.00 - 0.55           8.95 - 9.56
                                 2011      2.79         0.00 - 0.55           2.86 - 3.42
                                 2010      3.90         0.00 - 0.55           4.47 - 8.41
                                 2009      7.22                0.55         17.74 - 18.40

MIST Pioneer Fund Sub-Account    2013      3.20                0.00                 33.08
   (Commenced 5/4/2009)          2012      1.52                0.00                 10.59
                                 2011      1.26                0.00                (4.55)
                                 2010      0.95                0.00                 16.22
                                 2009        --                0.00                 27.25

MIST T. Rowe Price Large Cap     2013      1.73         0.00 - 0.55         33.35 - 34.09
   Value Sub-Account             2012      1.69         0.00 - 0.55         17.62 - 18.27
                                 2011      0.88         0.00 - 0.55       (4.29) - (3.77)
                                 2010      1.27         0.00 - 0.55          5.04 - 17.33
                                 2009      2.68                0.55         18.02 - 18.67

MIST T. Rowe Price Mid Cap       2013      0.41         0.15 - 0.55         36.21 - 36.75
   Growth Sub-Account            2012        --         0.25 - 0.55         13.30 - 13.45
                                 2011        --                0.55                (1.93)
                                 2010        --                0.55                 27.37
                                 2009        --                0.55                 45.04

MIST Third Avenue Small Cap      2013      1.27         0.15 - 0.55         32.08 - 32.61
   Value Sub-Account             2012        --         0.25 - 0.55         17.62 - 17.78
                                 2011      1.29                0.55                (9.20)
                                 2010      1.39                0.55                 19.49
                                 2009      1.52                0.55                 26.12

MSF BlackRock Bond Income        2013      4.15                0.25                (1.01)
   Sub-Account                   2012      2.80         0.25 - 0.55           6.95 - 7.09
                                 2011      4.03         0.45 - 0.55           5.98 - 6.09
                                 2010      4.08         0.45 - 0.55           4.65 - 7.74
                                 2009      7.30                0.55                  8.87

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)                                         

                                                        [Enlarge/Download Table]

                                                       AS OF DECEMBER 31                  
                                          ------------------------------------------      
                                                         UNIT VALUE                       
                                                          LOWEST TO          NET          
                                              UNITS      HIGHEST ($)     ASSETS ($)       
                                          -----------  ---------------  ------------      
                                                                                          
MSF BlackRock Capital Appreciation  2013        7,558     9.70 - 53.00       176,543      
   Sub-Account                      2012        8,214    17.30 - 39.59       157,461      
   (Commenced 5/4/2009)             2011        9,003     6.39 - 34.76       148,992      
                                    2010        9,665     7.06 - 38.35       172,111      
                                    2009       17,111     5.92 - 13.86       212,300      

MSF BlackRock Money Market          2013       65,420    11.88 - 31.72     1,372,235      
   Sub-Account                      2012      219,012    11.88 - 31.80     2,884,270      
                                    2011      208,523    11.88 - 31.94     2,631,093      
                                    2010      289,854    11.88 - 32.08     3,683,457      
                                    2009      401,008    11.88 - 12.76     5,115,550      

MSF Davis Venture Value             2013       84,896    20.54 - 60.56     2,515,980      
   Sub-Account                      2012      167,128    15.44 - 42.97     2,705,585      
                                    2011      205,966            13.76     2,834,153      
                                    2010      284,822            14.42     4,106,452      
                                    2009      297,989            12.94     3,857,140      

MSF Frontier Mid Cap Growth         2013       14,020    19.89 - 20.13       280,806      
   Sub-Account                                                                            
   (Commenced 4/29/2013)                                                                  

MSF Jennison Growth Sub-Account     2013       97,417    21.56 - 26.85     2,347,811      
                                    2012      103,565    15.77 - 19.70     2,005,351      
                                    2011       55,767            17.11       954,234      
                                    2010       60,297            17.12     1,032,122      
                                    2009       54,667            15.42       842,916      

MSF Met/Artisan Mid Cap Value       2013       32,146    20.41 - 64.13       940,548      
   Sub-Account                      2012       52,276    15.00 - 44.25       824,712      
                                    2011       58,672            13.48       791,075      
                                    2010       68,298            12.69       867,318      
                                    2009      101,146            11.10     1,122,661      

MSF MetLife Stock Index             2013       48,164    19.01 - 80.67     1,793,582      
   Sub-Account                      2012       97,344    14.48 - 61.26     1,751,267      
                                    2011      114,857            12.58     1,444,793      
                                    2010      112,922            12.42     1,402,515      
                                    2009      122,177            10.88     1,328,859      

MSF Neuberger Berman Genesis        2013       44,424    21.42 - 24.70     1,009,782      
   Sub-Account                                                                            
   (Commenced 4/29/2013)                                                                  

MSF T. Rowe Price Large Cap         2013       19,209    10.93 - 28.13       498,945      
   Growth Sub-Account               2012        7,346    18.70 - 20.21       147,562      
                                    2011        7,536    15.80 - 16.99       127,316      
                                    2010        7,735    16.07 - 17.18       132,204      
                                    2009        7,897    13.81 - 14.68       115,279      

MSF T. Rowe Price Small Cap         2013          532    35.92 - 38.66        20,466      
   Growth Sub-Account               2012          546    24.52 - 26.75        14,535      
                                    2011          561    21.54 - 23.02        12,852      
                                    2010          688    20.97 - 22.62        15,480      
                                    2009        5,054    15.63 - 16.77        84,689      


                                                   FOR THE YEAR ENDED DECEMBER 31         
                                          ------------------------------------------------
                                          INVESTMENT(1)  EXPENSE RATIO(2)  TOTAL RETURN(3)
                                             INCOME          LOWEST TO        LOWEST TO   
                                            RATIO (%)       HIGHEST (%)      HIGHEST (%)  
                                          -------------  ----------------  ---------------
                                                                                          
MSF BlackRock Capital Appreciation  2013      0.87         0.00 - 0.55       33.48 - 34.22
   Sub-Account                      2012      0.31         0.00 - 0.25       13.89 - 14.37
   (Commenced 5/4/2009)             2011      0.19         0.00 - 0.55     (9.44) - (8.95)
                                    2010      0.21         0.00 - 0.55       12.43 - 19.81
                                    2009        --                0.55       30.28 - 30.78

MSF BlackRock Money Market          2013        --         0.00 - 0.55       (0.55) - 0.00
   Sub-Account                      2012        --         0.00 - 0.55       (0.55) - 0.00
                                    2011        --         0.00 - 0.55       (0.54) - 0.00
                                    2010      0.01         0.00 - 0.55       (0.54) - 0.01
                                    2009      0.41                0.55       (0.13) - 0.42

MSF Davis Venture Value             2013      1.42         0.15 - 0.55       32.97 - 33.50
   Sub-Account                      2012      0.87         0.25 - 0.55       12.24 - 12.38
                                    2011      1.17                0.55              (4.56)
                                    2010      1.02                0.55               11.39
                                    2009      1.61                0.55               31.26

MSF Frontier Mid Cap Growth         2013        --         0.25 - 0.55       20.89 - 21.14
   Sub-Account                                                                            
   (Commenced 4/29/2013)                                                                  

MSF Jennison Growth Sub-Account     2013      0.42         0.15 - 0.55       36.25 - 36.80
                                    2012      0.14         0.25 - 0.55      (3.25) - 15.15
                                    2011      0.27                0.55              (0.04)
                                    2010      0.59                0.55               11.01
                                    2009      0.20                0.55               39.22

MSF Met/Artisan Mid Cap Value       2013      1.02         0.15 - 0.55       36.10 - 36.65
   Sub-Account                      2012      1.01         0.25 - 0.55       11.25 - 11.39
                                    2011      0.97                0.55                6.17
                                    2010      0.81                0.55               14.42
                                    2009      1.14                0.55               40.78

MSF MetLife Stock Index             2013      1.70         0.25 - 0.55       31.29 - 31.69
   Sub-Account                      2012      1.71         0.25 - 0.55       15.12 - 15.47
                                    2011      1.61                0.55                1.28
                                    2010      1.81                0.55               14.20
                                    2009      2.97                0.55               25.55

MSF Neuberger Berman Genesis        2013        --         0.00 - 0.55       25.77 - 26.99
   Sub-Account                                                                            
   (Commenced 4/29/2013)                                                                  

MSF T. Rowe Price Large Cap         2013      0.15         0.00 - 0.55       27.59 - 39.16
   Growth Sub-Account               2012      0.12         0.00 - 0.55       18.32 - 18.97
                                    2011      0.09         0.00 - 0.55     (1.66) - (1.11)
                                    2010      0.27         0.00 - 0.55        9.76 - 17.05
                                    2009      0.57                0.55       42.66 - 43.44

MSF T. Rowe Price Small Cap         2013      0.34         0.00 - 0.25       44.19 - 44.55
   Growth Sub-Account               2012        --         0.00 - 0.55       15.53 - 16.18
                                    2011        --         0.00 - 0.45         1.31 - 1.77
                                    2010        --         0.00 - 0.55       17.05 - 34.89
                                    2009      0.35                0.55       38.21 - 38.97

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METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE             
OF METLIFE INVESTORS INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONCLUDED)              

8.  FINANCIAL HIGHLIGHTS -- (CONCLUDED)                                         

                                                        [Enlarge/Download Table]

                                                AS OF DECEMBER 31                       FOR THE YEAR ENDED DECEMBER 31         
                                    ----------------------------------------  -------------------------------------------------
                                                   UNIT VALUE                 INVESTMENT(1)  EXPENSE RATIO(2)   TOTAL RETURN(3)
                                                    LOWEST TO        NET         INCOME          LOWEST TO         LOWEST TO   
                                        UNITS      HIGHEST ($)   ASSETS ($)     RATIO (%)       HIGHEST (%)       HIGHEST (%)  
                                    -----------  --------------  -----------  -------------  ----------------  ----------------
                                                                                                                               
MSF Western Asset Management  2013          578  22.55 - 220.73       76,262      2.43         0.25 - 0.55     (1.28) - (0.99) 
   U.S. Government            2012          457          223.60      102,286      2.08                0.55                2.80 
   Sub-Account                2011          465          217.51      101,206      1.35                0.55                4.93 
                              2010        1,040          207.29      215,550      1.78                0.55                5.23 
                              2009          467          196.99       92,024      4.23                0.55                3.76 

Putnam VT Multi-Cap Growth    2013          868           23.50       20,391      0.72                0.25               36.40 
   Sub-Account                2012          879    7.93 - 17.23       15,135      0.50         0.25 - 0.55       16.44 - 16.59 
   (Commenced 9/27/2010)      2011          911    6.81 - 14.78       13,464      0.39         0.45 - 0.55     (5.41) - (5.30) 
                              2010          982    7.20 - 15.60       14,650        --         0.45 - 0.55       15.95 - 15.98 

1 These amounts represent the dividends, excluding distributions of capital   
gains, received by the Sub-Account from the underlying fund or portfolio, 
 net of management fees assessed by the fund manager, divided by the average
net assets. These ratios exclude those expenses, such as mortality and    
  expense risk charges, that are assessed against policy owner accounts either
through reductions in the unit values or the redemption of units. The     
 investment income ratio is calculated for each period indicated or from the
effective date through the end of the reporting period. The recognition of
investment income by the Sub-Account is affected by the timing of the     
declaration of dividends by the underlying fund or portfolio in which the 
Sub-Account invests.                                                      

2 These amounts represent annualized policy expenses of each of the applicable
Sub-Accounts, consisting primarily of mortality and expense risk charges, 
for each period indicated. The ratios include only those expenses that    
  result in a direct reduction to unit values. Charges made directly to policy
owner accounts through the redemption of units and expenses of the        
underlying fund or portfolio have been excluded.                          

3 These amounts represent the total return for the period indicated, including
changes in the value of the underlying fund or portfolio, and expenses    
assessed through the reduction of unit values. These ratios do not include
any expenses assessed through the redemption of units. The total return is
 calculated for each period indicated or from the effective date through the
end of the reporting period. The total return is presented as a range of  
 minimum to maximum returns, based on the minimum and maximum returns within
each product grouping of the applicable Sub-Account.                      

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MetLife Insurance Company of Connecticut  
Unaudited Pro Forma Condensed Combined Financial Statements 

In the second quarter of 2013, MetLife, Inc. announced its plans to merge three 
U.S.-based life insurance companies and an offshore reinsurance subsidiary to   
create one larger U.S.-based and U.S.-regulated life insurance company (the     
"Mergers"). The companies to be merged are MetLife Insurance Company of         
Connecticut, MetLife Investors USA Insurance Company ("MLI-USA"), a             
wholly-owned subsidiary of MetLife Insurance Company of Connecticut, and        
MetLife Investors Insurance Company ("MLIIC"), each a U.S. insurance company    
that issues variable annuity products in addition to other products, and Exeter 
Reassurance Company, Ltd. ("Exeter"), a reinsurance company that mainly         
reinsures guarantees associated with variable annuity products. MetLife         
Insurance Company of Connecticut, which is expected to be renamed and domiciled 
in Delaware, will be the surviving company. Exeter, formerly a Cayman Islands   
company, was re-domesticated to Delaware in October 2013. Effective January 1,  
2014, following receipt of New York State Department of Financial Services      
approval, MetLife Insurance Company of Connecticut withdrew its license to      
issue insurance policies and annuity contracts in New York. Also, effective     
January 1, 2014, MetLife Insurance Company of Connecticut reinsured with an     
affiliate all existing New York insurance policies and annuity contracts that   
include a separate account feature. Following the Mergers and subject to        
certain regulatory approvals, MetLife Insurance Company of Connecticut will     
likely enter into transactions to transfer to one or more affiliates certain    
business that is currently reinsured by Exeter. The Mergers are expected to     
occur in the fourth quarter of 2014, subject to regulatory approvals.           

The unaudited pro forma condensed combined financial statements and             
accompanying notes present the impact of the Mergers as a transaction among     
entities under common control which is more fully described in the notes to the 
unaudited pro forma condensed combined financial statements. Transactions among 
entities under common control are prepared in conformity with accounting        
principles generally accepted in the United States of America ("GAAP").         

The unaudited pro forma condensed combined financial statements include         
historical audited amounts as of December 31, 2013 and for the years ended      
December 31, 2013, 2012 and 2011, for MetLife Insurance Company of Connecticut  
and its subsidiaries, including MLI-USA (collectively "MICC"), MLIIC and        
Exeter. The unaudited pro forma condensed combined financial statements give    
effect to the Mergers as if they had occurred (i) on December 31, 2013 for      
purposes of the unaudited pro forma condensed combined balance sheet and        
(ii) on January 1, 2011 for purposes of the unaudited pro forma condensed       
combined statements of operations for the years ended December 31, 2013, 2012   
and 2011. The historical financial information has been adjusted in the         
unaudited pro forma condensed combined financial statements to give effect to   
pro forma events that are directly attributable to the Mergers, factually       
supportable, and are expected to have a continuing impact on the combined       
results. It is likely that the actual adjustments reflected in the final        
accounting, that will consider additional available information, will differ    
from the pro forma adjustments and it is possible the differences may be        
material.                                                                       

The unaudited pro forma condensed combined financial statements should be read  
in conjunction with the accompanying notes. In addition, the unaudited proforma 
condensed combined financial statements were derived from and should be read in 
conjunction with the audited historical consolidated financial statements of    
MICC included in MetLife Insurance Company of Connecticut's Annual Report on    
Form 10-K for the year ended December 31, 2013, as revised by MetLife Insurance 
Company of Connecticut's Current Report on Form 8-K filed on October 27, 2014,  
as well as the audited historical balance sheets of MLIIC as of December 31,    
2013 and 2012, and the related statements of operations, comprehensive income   
(loss), stockholder's equity and cash flows for each of the three years in the  
period ended December 31, 2013 together with the notes thereto and balance      
sheets of Exeter as of December 31, 2013 and 2012, and the related statements   
of operations, comprehensive income (loss), stockholder's equity and cash flows 
for each of the three years in the period ended December 31, 2013 together with 
the notes thereto, as restated on October 27, 2014 and as revised on November   
7, 2014, are included as Exhibits 99.1 and 99.2, respectively, to the Current   
Report on Form 8-K/A ("Amendment No. 2") with which this financial information  
is filed as Exhibit 99.3.                                                       

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The unaudited pro forma condensed combined financial statements are presented   
for informational purposes only and are not intended to reflect the results of  
operations or the financial position of the combined company that would have    
resulted had the Mergers been effective as of and during the periods presented  
or the results that may be obtained by the combined company in the future. The  
unaudited pro forma condensed combined financial statements as of and for the   
periods presented do not reflect future events that are not directly            
attributable to the Mergers and that may occur after the Mergers, including,    
but not limited to, expense efficiencies or revenue enhancements arising from   
the Mergers or management actions. Future results may vary significantly from   
the results reflected in the unaudited pro forma condensed combined financial   
statements.                                                                     

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Unaudited Pro Forma Condensed Combined Balance Sheet  
December 31, 2013 

(In millions, except per share data)  

                                                        [Enlarge/Download Table]

                                                    Historical                                                        
                                          -----------------------------                                               
                                                    MetLife    Exeter                                                 
                                                   Investors Reassurance                                              
                                                   Insurance   Company   Reinsurance    Other                Pro Forma
                                            MICC    Company     Ltd.     Adjustments Adjustments    Notes    Combined 
                                          -------- --------- ----------- ----------- ----------- ----------- ---------
                                                                                                                      
Assets                                                                                                                
Investments:                                                                                                          
 Fixed maturity securities                                                                                            
   available-for-sale, at estimated                                                                                   
   fair value............................ $ 45,252  $ 2,250    $ 1,321     $  (695)    $    --      3(c)     $ 48,128 
 Equity securities available-for-sale,                                                                                
   at estimated fair value...............      418       45         --          --          --                    463 
 Mortgage loans, net; at estimated fair                                                                               
   value.................................    7,718      286         --          --          --                  8,004 
 Policy loans............................    1,219       27         --          --          --                  1,246 
 Real estate and real estate joint                                                                                    
   ventures..............................      754       --         --          --          --                    754 
 Other limited partnership interests.....    2,130       32         --          --          --                  2,162 
 Short-term investments, principally at                                                                               
   estimated fair value..................    2,107       75      2,781          (7)         --      3(c)        4,956 
 Derivative assets.......................       --       --      2,376          --      (2,376)     4(a)           -- 
 Funds withheld at interest..............       --       --      2,694          --      (2,694)     4(a)           -- 
 Other invested assets, principally at                                                            3(a)-(c),           
   estimated fair value..................    2,555       68         --      (2,768)      4,570   4(a), 5(a)     4,425 
                                          --------  -------    -------     -------     -------               -------- 
   Total investments.....................   62,153    2,783      9,172      (3,470)       (500)                70,138 
Cash and cash equivalents, principally                                                                                
 at estimated fair value.................      746       24        630        (604)         --    3(a), (c)       796 
Accrued investment income................      542       26         94         (29)         (2)  3(c), 5(a)       631 
Premiums, reinsurance and other                                                                                       
 receivables.............................   20,609    1,829        646      (3,170)         --    3(a)-(c)     19,914 
Deferred policy acquisition costs and                                                                                 
 value of business acquired..............    4,730      291        160         707          --    3(b), (c)     5,888 
Current income tax recoverable...........      192        9        197          --          --                    398 
Deferred income tax recoverable..........       --       --      1,529          --      (1,529)     4(b)           -- 
Goodwill.................................      493       --         --          --          33      4(c)          526 
Other assets.............................      794      110         --          34         (33)  3(b), 4(c)       905 
Separate account assets..................   97,780   12,033         --          --          --                109,813 
                                          --------  -------    -------     -------     -------               -------- 
   Total assets.......................... $188,039  $17,105    $12,428     $(6,532)    $(2,031)              $209,009 
                                          ========  =======    =======     =======     =======               ======== 
Liabilities and Stockholders' Equity                                                                                  
Liabilities                                                                                                           
Future policy benefits...................                                                        3(b), (c),           
                                          $ 27,991  $   501    $ 2,747     $(1,455)    $    12      4(d)     $ 29,796 
Policyholder account balances............   33,453    2,748      2,489      (1,262)         --      3(c)       37,428 
Other policy-related balances............                                                        3(b), (c),           
                                             3,164      102      2,170      (2,973)          4      4(d)        2,467 
Policyholder dividends payable...........       --       --         16          --         (16)     4(d)           -- 
Payables for collateral under                                                                                         
 securities loaned and other                                                                                          
 transactions............................    6,451      266         --          --         197      4(e)        6,914 
Long-term debt...........................    2,251       --        575          --        (500)     5(a)        2,326 
Deferred income tax liability............    1,385      192         --         272      (1,529)  3(b), 4(b)       320 
Derivative liabilities...................       --       --      2,648          --      (2,648)     4(f)           -- 
                                                                                                  3(a)-(c),           
                                                                                                 4(e), 4(f),          
Other liabilities........................    6,776       94        553      (1,560)      2,449      5(a)        8,312 
Separate account liabilities.............   97,780   12,033         --          --          --                109,813 
                                          --------  -------    -------     -------     -------               -------- 
   Total liabilities.....................  179,251   15,936     11,198      (6,978)     (2,031)               197,376 
                                          --------  -------    -------     -------     -------               -------- 
Stockholders' Equity                                                                                                  
Preferred stock..........................       --       --         --          --          --                     -- 
Common stock, par value $2.50 per share..       86        6         --          --          --                     92 
Additional paid-in capital...............    6,737      636      4,126          --          --                 11,499 
Retained earnings (accumulated deficit)..    1,076      504     (2,965)        506          --      3(b)         (879)
Accumulated other comprehensive income                                                                                
 (loss)..................................      889       23         69         (60)         --      3(c)          921 
                                          --------  -------    -------     -------     -------               -------- 
   Total stockholders' equity............    8,788    1,169      1,230         446          --                 11,633 
                                          --------  -------    -------     -------     -------               -------- 
   Total liabilities and stockholders'                                                                                
    equity............................... $188,039  $17,105    $12,428     $(6,532)    $(2,031)              $209,009 
                                          ========  =======    =======     =======     =======               ======== 

See accompanying notes to unaudited pro forma condensed combined financial  
statements. 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Unaudited Pro Forma Condensed Combined Statement of Operations  
For the Year End December 31, 2013  

(In millions) 

                                                        [Enlarge/Download Table]

                                               Historical                                                            
                                     -----------------------------                                                   
                                               MetLife    Exeter                                                     
                                              Investors Reassurance                                                  
                                              Insurance   Company   Reinsurance    Other                    Pro Forma
                                       MICC    Company     Ltd.     Adjustments Adjustments      Notes      Combined 
                                     -------  --------- ----------- ----------- ----------- --------------- ---------
                                                                                                                     
Revenues                                                                                                             
Premiums............................ $   606    $  29     $   59       $  (5)      $ --          3(b)        $  689  
Universal life and investment-type                                                                                   
 product policy fees................   2,336      202        587        (177)        --        3(b), (c)      2,948  
Net investment income...............   2,852      114         35         (16)        (2)      3(c), 5(a)      2,983  
Fees on ceded reinsurance and                                                                                        
 other..............................      --       90         --          --        (90)         4(g)            --  
Other revenues......................     592       --          2         (74)        90     3(b), (c), 4(g)     610  
Net investment gains (losses):                                                                                       
  Other-than-temporary impairments                                                                                   
   on fixed maturity securities.....      (9)      --         --          --         --                          (9) 
  Other-than-temporary impairments                                                                                   
   on fixed maturity securities                                                                                      
   transferred to other                                                                                              
   comprehensive income (loss)......     (11)      --         --          --         --                         (11) 
  Other net investment gains                                                                                         
   (losses).........................     102        1        (57)         59        (45)      3(c), 5(b)         60  
                                     -------    -----     ------       -----       ----                      ------  
    Total net investment gains                                                                                       
     (losses).......................      82        1        (57)         59        (45)                         40  
  Net derivative gains (losses).....  (1,052)    (442)     1,935         375         --          3(c)           816  
                                     -------    -----     ------       -----       ----                      ------  
    Total revenues..................   5,416       (6)     2,561         162        (47)                      8,086  
                                     -------    -----     ------       -----       ----                      ------  
Expenses                                                                                                             
Policyholder benefits and claims....   1,707       48      1,380         (44)        27     3(b), (c), 4(h)   3,118  
Interest credited to policyholder                                                                                    
 account balances...................   1,037      113         17         (17)        --          3(c)         1,150  
Policyholder dividends..............      --       --         27          --        (27)         4(h)            --  
Goodwill impairment.................      66       --         --          --         --                          66  
Other expenses......................   1,659      (11)       101         215         (2)    3(b)-(d), 5(a)    1,962  
                                     -------    -----     ------       -----       ----                      ------  
    Total expenses..................   4,469      150      1,525         154         (2)                      6,296  
                                     -------    -----     ------       -----       ----                      ------  
Income (loss) from continuing                                                                                        
 operations before provision for                                                                                     
 income tax.........................     947     (156)     1,036           8        (45)                      1,790  
Provision for income tax expense                                                                                     
 (benefit)..........................     227      (67)       364           3        (16)      3(e), 5(c)        511  
                                     -------    -----     ------       -----       ----                      ------  
Income from continuing operations,                                                                                   
 net of income tax.................. $   720    $ (89)    $  672       $   5       $(29)                     $1,279  
                                     =======    =====     ======       =====       ====                      ======  

See accompanying notes to unaudited pro forma condensed combined financial  
statements. 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Unaudited Pro Forma Condensed Combined Statement of Operations  
For the Year End December 31, 2012  

(In millions) 

                                                        [Enlarge/Download Table]

                                            Historical                                                           
                                   ----------------------------                                                  
                                            MetLife    Exeter                                                    
                                           Investors Reassurance                                                 
                                           Insurance   Company   Reinsurance    Other                   Pro Forma
                                    MICC    Company     Ltd.     Adjustments Adjustments     Notes      Combined 
                                   ------  --------- ----------- ----------- ----------- -------------- ---------
                                                                                                                 
Revenues                                                                                                         
Premiums.......................... $1,261    $ 11      $   950     $  (888)     $ --        3(b),(c)     $1,334  
Universal life and investment-                                                                                   
  type product policy fees........  2,261     198          548        (183)       --        3(b),(c)      2,824  
Net investment income.............  2,952     113           21          (2)      (26)      3(c), 5(a)     3,058  
Fees on ceded reinsurance and                                                                                    
  other...........................     --      93           --          --       (93)         4(g)           --  
Other revenues....................    511      --           23         (24)       93       3(c), 4(g)       603  
Net investment gains (losses):                                                                                   
 Other-than-temporary                                                                                            
   impairments on fixed                                                                                          
   maturity securities............    (52)     (2)          --          --        --                        (54) 
 Other-than-temporary                                                                                            
   impairments on fixed                                                                                          
   maturity securities                                                                                           
   transferred to other                                                                                          
   comprehensive income                                                                                          
   (loss).........................      3      --           --          --        --                          3  
 Other net investment gains                                                                                      
   (losses).......................    201      (2)          42         (37)       --          3(c)          204  
                                   ------    ----      -------     -------      ----                     ------  
   Total net investment gains                                                                                    
     (losses).....................    152      (4)          42         (37)       --                        153  
 Net derivative gains                                                                                            
   (losses).......................  1,003     329       (3,677)      1,432        --          3(c)         (913) 
                                   ------    ----      -------     -------      ----                     ------  
   Total revenues.................  8,140     740       (2,093)        298       (26)                     7,059  
                                   ------    ----      -------     -------      ----                     ------  
Expenses                                                                                                         
Policyholder benefits and                                                                                        
  claims..........................  2,389     100        1,812      (1,001)       30     3(b),(c), 4(h)   3,330  
Interest credited to policyholder                                                                                
  account balances................  1,147     118           17         (17)       --          3(c)        1,265  
Policyholder dividends............     --      --           30          --       (30)         4(h)           --  
Goodwill impairment...............    394      --           --          --        --                        394  
Other expenses....................  2,720     229          206        (709)      (26)    3(b)-(d), 5(a)   2,420  
                                   ------    ----      -------     -------      ----                     ------  
   Total expenses.................  6,650     447        2,065      (1,727)      (26)                     7,409  
                                   ------    ----      -------     -------      ----                     ------  
Income (loss) from continuing                                                                                    
  operations before provision                                                                                    
  for income tax..................  1,490     293       (4,158)      2,025        --                       (350) 
Provision for income tax                                                                                         
  expense (benefit)...............    372      94       (1,455)        709        --       3(e), 5(c)      (280) 
                                   ------    ----      -------     -------      ----                     ------  
Income (loss) from continuing                                                                                    
  operations, net of income                                                                                      
  tax............................. $1,118    $199      $(2,703)    $ 1,316      $ --                     $  (70) 
                                   ======    ====      =======     =======      ====                     ======  

See accompanying notes to unaudited pro forma condensed combined financial  
statements. 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Unaudited Pro Forma Condensed Combined Statement of Operations  
For the Year End December 31, 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                             Historical                                                           
                                    ----------------------------                                                  
                                             MetLife    Exeter                                                    
                                            Investors Reassurance                                                 
                                            Insurance   Company   Reinsurance    Other                   Pro Forma
                                     MICC    Company     Ltd.     Adjustments Adjustments     Notes      Combined 
                                    ------  --------- ----------- ----------- ----------- -------------- ---------
                                                                                                                  
Revenues                                                                                                          
Premiums........................... $1,828    $  7       $ 72        $  (9)      $  --         3(b)       $1,898  
Universal life and investment-type                                                                                
  product policy fees..............  1,956     204        433         (136)         --       3(b),(c)      2,457  
Net investment income..............  3,074     114         17            3          (9)     3(c), 5(a)     3,199  
Fees on ceded reinsurance and                                                                                     
  other............................     --     104         --           --        (104)        4(g)           --  
Other revenues.....................    508      --         44          (55)        104    3(b),(c), 4(g)     601  
Net investment gains (losses):                                                                                    
 Other-than-temporary                                                                                             
   impairments on fixed maturity                                                                                  
   securities......................    (42)     --         --           --          --                       (42) 
 Other-than-temporary                                                                                             
   impairments on fixed maturity                                                                                  
   securities transferred to other                                                                                
   comprehensive income                                                                                           
   (loss)..........................     (5)     --         --           --          --                        (5) 
 Other net investment gains                                                                                       
   (losses)........................     82      (5)        (1)          --          --                        76  
                                    ------    ----       ----        -----       -----                    ------  
   Total net investment gains                                                                                     
     (losses)......................     35      (5)        (1)          --          --                        29  
 Net derivative gains (losses).....  1,096     326        230         (787)         --         3(c)          865  
                                    ------    ----       ----        -----       -----                    ------  
   Total revenues..................  8,497     750        795         (984)         (9)                    9,049  
                                    ------    ----       ----        -----       -----                    ------  
Expenses                                                                                                          
Policyholder benefits and claims...  2,660      59        309          (88)         31    3(b),(c), 4(h)   2,971  
Interest credited to policyholder                                                                                 
  account balances.................  1,189     127         16          (16)         --         3(c)        1,316  
Policyholder dividends.............     --      --         31           --         (31)        4(h)           --  
Other expenses.....................  2,981     259        170         (101)         (9)   3(b)-(d), 5(a)   3,300  
                                    ------    ----       ----        -----       -----                    ------  
   Total expenses..................  6,830     445        526         (205)         (9)                    7,587  
                                    ------    ----       ----        -----       -----                    ------  
Income (loss) from continuing                                                                                     
  operations before provision for                                                                                 
  income tax.......................  1,667     305        269         (779)         --                     1,462  
Provision for income tax expense                                                                                  
  (benefit)........................    493      90         94         (272)         --      3(e), 5(c)       405  
                                    ------    ----       ----        -----       -----                    ------  
Income (loss) from continuing                                                                                     
  operations, net of income tax.... $1,174    $215       $175        $(507)      $  --                    $1,057  
                                    ======    ====       ====        =====       =====                    ======  

See accompanying notes to unaudited pro forma condensed combined financial  
statements. 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

NOTES TO THE UNAUDITED PRO FORMA  
CONDENSED COMBINED FINANCIAL STATEMENTS 

1. Description of Transaction                                                   

In the second quarter of 2013, MetLife, Inc. announced its plans to merge three 
U.S.-based life insurance companies and an offshore reinsurance subsidiary to   
create one larger U.S.-based and U.S.-regulated life insurance company (the     
"Mergers"). The companies to be merged are MetLife Insurance Company of         
Connecticut, MetLife Investors USA Insurance Company ("MLI-USA"), a             
wholly-owned subsidiary of MetLife Insurance Company of Connecticut, and        
MetLife Investors Insurance Company ("MLIIC"), each a U.S. insurance company    
that issues variable annuity products in addition to other products, and Exeter 
Reassurance Company, Ltd. ("Exeter"), a reinsurance company that mainly         
reinsures guarantees associated with variable annuity products. MetLife         
Insurance Company of Connecticut, which is expected to be renamed and domiciled 
in Delaware, will be the surviving company. Exeter, formerly a Cayman Islands   
company, was re-domesticated to Delaware in October 2013. Effective January 1,  
2014, following receipt of New York State Department of Financial Services      
approval, MetLife Insurance Company of Connecticut withdrew its license to      
issue insurance policies and annuity contracts in New York. Also, effective     
January 1, 2014, MetLife Insurance Company of Connecticut reinsured with an     
affiliate all existing New York insurance policies and annuity contracts that   
include a separate account feature. Following the Mergers and subject to        
certain regulatory approvals, MetLife Insurance Company of Connecticut will     
likely enter into transactions to transfer to one or more affiliates certain    
business that is currently reinsured by Exeter. The Mergers are expected to     
occur in the fourth quarter of 2014, subject to regulatory approvals.           

2. Basis of Presentation                                                        

The Mergers represent a transaction among entities under common control.        
Transactions among entities under common control are accounted for as if the    
transaction occurred at the beginning of the earliest date presented and prior  
years are retrospectively adjusted to furnish comparative information similar   
to the pooling method. The unaudited pro forma condensed combined financial     
statements include historical amounts derived from the audited financial        
statements as of December 31, 2013 and for the years ended December 31, 2013,   
2012 and 2011, for MetLife Insurance Company of Connecticut and its             
subsidiaries, including MLI-USA (collectively "MICC"), MLIIC and Exeter. The    
unaudited pro forma condensed combined financial statements give effect to the  
Mergers as if they had occurred (i) on December 31, 2013 for purposes of the    
unaudited pro forma condensed combined balance sheet and (ii) on January 1,     
2011 for purposes of the unaudited pro forma condensed combined statements of   
operations for the years ended December 31, 2013, 2012 and 2011.                

The unaudited pro forma condensed combined financial statements were prepared   
in conformity with accounting principles generally accepted in the United       
States of America ("GAAP") and presented in accordance with the requirements of 
Article 11 of Regulation S-X published by the U.S. Securities and Exchange      
Commission. In accordance with Article 11 of Regulation S-X, discontinued       
operations have been excluded from the presentation of the unaudited pro forma  
condensed combined statements of operations.                                    

The historical financial information has been adjusted in the unaudited pro     
forma condensed combined financial statements to give effect to pro forma       
events that are directly attributable to the Mergers, factually supportable,    
and are expected to have a continuing impact on the combined results. The       
unaudited pro forma condensed combined financial statements exclude the effects 
of adjustments that rely on highly judgmental estimates including how           
historical management practices and operating decisions may or may not have     
changed as a result of the Mergers.                                             

The unaudited pro forma condensed combined financial statements are presented   
for informational purposes only and are not intended to reflect the results of  
operations or the financial position of the combined company that               

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

NOTES TO THE UNAUDITED PRO FORMA  
CONDENSED COMBINED FINANCIAL STATEMENTS -- (CONTINUED)  

would have resulted had the Mergers been effective during the periods presented 
or the results that may be obtained by the combined company in the future.      

These unaudited pro forma condensed combined financial statements should be     
read in conjunction with the audited historical consolidated financial          
statements of MICC included in MetLife Insurance Company of Connecticut's       
Annual Report on Form 10-K for the year ended December 31, 2013, as revised by  
MetLife Insurance Company of Connecticut's Current Report on Form 8-K filed on  
October 27, 2014, as well as the audited historical balance sheets of MLIIC as  
of December 31, 2013 and 2012, and the related statements of operations,        
comprehensive income (loss), stockholder's equity and cash flows for each of    
the three years in the period ended December 31, 2013 together with the notes   
thereto and balance sheets of Exeter as of December 31, 2013 and 2012, and the  
related statements of operations, comprehensive income (loss), stockholder's    
equity and cash flows for each of the three years in the period ended December  
31, 2013 together with the notes thereto, as restated on October 27, 2014 and   
as revised on November 7, 2014, are included as Exhibits 99.1 and 99.2,         
respectively, to the Current Report on Form 8-K/A ("Amendment No. 2") with      
which this financial information is filed as Exhibit 99.3.                      

3. Reinsurance Adjustments                                                      

In connection with the Mergers, adjustments have been included for new and      
planned reinsurance agreements, for the recapture of certain reinsurance        
agreements and to eliminate non-recurring bank fees. The total of the           
reinsurance adjustments at December 31, 2013 resulted in changes to total       
assets of ($6,532) million, total liabilities of ($6,978) million, and total    
stockholders' equity of $446 million and for the years ended December 31, 2013, 
2012 and 2011 resulted in changes to total revenues of $162 million, $298       
million and ($984) million, respectively, and to total expenses of $154         
million, ($1,727) million, and ($205) million, respectively.                    

   (a)Adjustment to increase total assets and total liabilities by $97 million
to record a new reinsurance agreement. Effective January 1, 2014, 
  MetLife Insurance Company of Connecticut reinsured with Metropolitan
   Life Insurance Company, an affiliate, all existing New York insurance
policies and annuity contracts that include a separate account    
   feature. The new reinsurance agreement was entered into in connection
      with MetLife Insurance Company of Connecticut withdrawing its license to
issue insurance policies and annuity contracts in New York.       
(b)Adjustment to eliminate reinsurance transactions among the merging   
 companies. The adjustments at December 31, 2013 include: changes of
     ($4,045) million to total assets, ($4,551) million to total liabilities
  and $506 million to retained earnings. The adjustments for the years
 ended December 31, 2013, 2012 and 2011 include: reductions to total
      revenue of $73 million, $0 and $12 million, respectively, and changes to
other expenses of $208 million, ($690) million and ($61) million, 
respectively.                                                     
(c)Adjustment to reflect planned reinsurance transactions to transfer to
    one or more affiliates certain business that is currently reinsured by
 Exeter. The adjustments at December 31, 2013 include: reductions of
     $2,584 million to total assets, $2,524 million to total liabilities and
$60 million to accumulated other comprehensive income (loss). The 
adjustments for the years ended December 31, 2013, 2012 and 2011  
 include: changes to total revenue of $235 million, $298 million and
   ($972) million, respectively, and reductions to other expenses of $37
million, $1,018 million and $119 million, respectively.           
(d)Adjustment to eliminate from other expenses non-recurring credit     
facility usage fees for letters of credit, which were held to     
   collateralize assumed liabilities and which were canceled when Exeter
      re-domesticated to Delaware of $17 million, $19 million and $25 million,
 for the years ended December 31, 2013, 2012 and 2011, respectively.
  (e)Adjustment for the income tax impact for all reinsurance adjustments at
the federal statutory tax rate of 35%.                            

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

NOTES TO THE UNAUDITED PRO FORMA  
CONDENSED COMBINED FINANCIAL STATEMENTS -- (CONTINUED)  

4. Reclassification Adjustments                                                 

Reclassification adjustments, included in other adjustments, are reflected      
herein to conform the presentation of Exeter's and MLIIC's financial statements 
to the presentation of MICC's financial statements.                             

 (a)Adjustment to reclassify derivative assets of $2,376 million and funds
withheld at interest of $2,694 million to other invested assets.  
   (b)Adjustment to net deferred income tax recoverable of $1,529 million with
deferred income tax liability.                                    
(c)Adjustment to reclassify goodwill of $33 million from other assets to
goodwill.                                                         
 (d)Adjustment to reclassify policyholder dividends payable of $12 million
and $4 million to future policy benefits and other policy-related 
balances, respectively.                                           
   (e)Adjustment to reclassify cash collateral on deposit of $197 million from
      other liabilities to payables for collateral under securities loaned and
other transactions.                                               
(f)Adjustment to reclassify derivative liabilities of $2,648 million to 
other liabilities.                                                
(g)Adjustment to reclassify fees on ceded reinsurance and other of      
 $90 million, $93 million and $104 million to other revenues for the
years ended December 31, 2013, 2012 and 2011, respectively.       
(h)Adjustment to reclassify policyholder dividends of $27 million, $30  
 million and $31 million to policyholder benefits and claims for the
years ended December 31, 2013, 2012 and 2011, respectively.       

5. Other Adjustments                                                            

The following other pro forma adjustments have been recorded in the unaudited   
pro forma condensed combined financial statements.                              

(a)Adjustments to eliminate related party debt transactions among the   
merging entities. The adjustments at December 31, 2013 include:   
reductions of $2 million to accrued investment income and other   
     liabilities and reductions of $500 million to other invested assets and
   long-term debt. The adjustments for the year ended December 31, 2013,
 2012 and 2011 include: reductions of $2 million, $26 million and $9
 million, respectively, to net investment income and other expenses.
(b)Adjustment to eliminate related party investment gains for the year  
ended December 31, 2013. The non-recurring gains were recorded in 
     connection with establishing a custodial account when MetLife Insurance
     Company of Connecticut withdrew its license to issue insurance policies
and annuity contracts in New York.                                
(c)Adjustment for the income tax impact for all other adjustments at the
federal statutory tax rate of 35%.                                

6. Forward Looking Statements                                                   

These unaudited pro forma condensed combined financial statements may be deemed 
to be forward looking statements within the meaning of the safe harbor          
provisions of the United States Private Securities Litigation Reform Act of     
1995. Forward looking statements are identified by words such as "anticipate,"  
"estimate," "expect," "project," "intend," "plan," "believe" and other words    
and terms of similar meaning, or are tied to future periods, in connection with 
a discussion of future operating or financial performance. Such statements may  
include, but are not limited to statements about the benefits of the Mergers,   
including future financial and operating results, the combined company's plans, 
objectives, expectations and intentions and other statements that are not       
historical facts. These forward looking statements are based largely on         
management's expectations and are subject to a number of risks and              
uncertainties. Actual results could differ materially from these forward        
looking statements.                                                             

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

NOTES TO THE UNAUDITED PRO FORMA  
CONDENSED COMBINED FINANCIAL STATEMENTS -- (CONTINUED)  

7. Subsequent Event                                                             

On February 14, 2014, a subsidiary of MetLife Insurance Company of Connecticut  
entered into a definitive agreement to sell its wholly-owned subsidiary,        
MetLife Assurance Limited ("MAL"). Beginning in the first quarter of 2014, MICC 
will account for and report MAL as discontinued operations. These unaudited pro 
forma condensed combined financial statements exclude the impact of the MAL     
disposition as the transaction does not meet the significant subsidiary         
conditions of Article 11 of Regulation S-X and is not directly attributable to  
the Mergers. The transaction is expected to close in the second quarter of      
2014, subject to regulatory approvals and satisfaction of other closing         
conditions.                                                                     

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Item 8. Financial Statements and Supplementary Data                             

Index to Consolidated Financial Statements, Notes and Schedules 

                                                        [Enlarge/Download Table]

                                                                                                    Page
                                                                                                    ----
                                                                                                        
Report of Independent Registered Public Accounting Firm............................................   2 
Financial Statements at December 31, 2013 and 2012 and for the Years Ended December 31, 2013, 2012      
  and 2011:                                                                                             
 Consolidated Balance Sheets.......................................................................   3 
 Consolidated Statements of Operations.............................................................   4 
 Consolidated Statements of Comprehensive Income (Loss)............................................   5 
 Consolidated Statements of Stockholders' Equity...................................................   6 
 Consolidated Statements of Cash Flows.............................................................   7 
 Notes to the Consolidated Financial Statements....................................................   9 
     Note 1 -- Business, Basis of Presentation and Summary of Significant Accounting Policies......   9 
     Note 2 -- Segment Information.................................................................  29 
     Note 3 -- Dispositions........................................................................  35 
     Note 4 -- Insurance...........................................................................  36 
     Note 5 -- Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-          
       Related Intangibles.........................................................................  42 
     Note 6 -- Reinsurance.........................................................................  46 
     Note 7 -- Investments.........................................................................  53 
     Note 8 -- Derivatives.........................................................................  76 
     Note 9 -- Fair Value..........................................................................  88 
     Note 10 -- Goodwill........................................................................... 114 
     Note 11 -- Debt............................................................................... 116 
     Note 12 -- Equity............................................................................. 117 
     Note 13 -- Other Expenses..................................................................... 122 
     Note 14 -- Income Tax......................................................................... 123 
     Note 15 -- Contingencies, Commitments and Guarantees.......................................... 126 
     Note 16 -- Related Party Transactions......................................................... 130 
     Note 17 -- Subsequent Events.................................................................. 130 
Financial Statement Schedules at December 31, 2013 and 2012 and for the Years Ended December 31,        
  2013, 2012 and 2011:                                                                                  
 Schedule I -- Consolidated Summary of Investments -- Other Than Investments in Related Parties.... 132 
 Schedule II -- Condensed Financial Information (Parent Company Only).............................. 133 
 Schedule III -- Consolidated Supplementary Insurance Information.................................. 137 
 Schedule IV -- Consolidated Reinsurance........................................................... 139 

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 

To the Board of Directors and Stockholders of                                   
MetLife Insurance Company of Connecticut:                                       

We have audited the accompanying consolidated balance sheets of MetLife         
Insurance Company of Connecticut and subsidiaries (the "Company") as of         
December 31, 2013 and 2012, and the related consolidated statements of          
operations, comprehensive income (loss), stockholders' equity, and cash flows   
for each of the three years in the period ended December 31, 2013. Our audits   
also included the financial statement schedules listed in the Index to          
Consolidated Financial Statements, Notes and Schedules. These consolidated      
financial statements and financial statement schedules are the responsibility   
of the Company's management. Our responsibility is to express an opinion on the 
consolidated financial statements and financial statement schedules based on    
our audits.                                                                     

We conducted our audits in accordance with the standards of the Public Company  
Accounting Oversight Board (United States). Those standards require that we     
plan and perform the audit to obtain reasonable assurance about whether the     
consolidated financial statements are free of material misstatement. The        
Company is not required to have, nor were we engaged to perform, an audit of    
its internal control over financial reporting. Our audits included              
consideration of internal control over financial reporting as a basis for       
designing audit procedures that are appropriate in the circumstances, but not   
for the purpose of expressing an opinion on the effectiveness of the Company's  
internal control over financial reporting. Accordingly, we express no such      
opinion. An audit also includes examining, on a test basis, evidence supporting 
the amounts and disclosures in the consolidated financial statements, assessing 
the accounting principles used and significant estimates made by management, as 
well as evaluating the overall financial statement presentation. We believe     
that our audits provide a reasonable basis for our opinion.                     

In our opinion, such consolidated financial statements present fairly, in all   
material respects, the financial position of MetLife Insurance Company of       
Connecticut and subsidiaries as of December 31, 2013 and 2012, and the results  
of their operations and their cash flows for each of the three years in the     
period ended December 31, 2013, in conformity with accounting principles        
generally accepted in the United States of America. Also, in our opinion, such  
financial statement schedules, when considered in relation to the basic         
consolidated financial statements taken as a whole, present fairly, in all      
material respects, the information set forth therein.                           

/s/ DELOITTE & TOUCHE LLP                                                       

New York, New York                                                              
March 28, 2014                                                                  
(October 27, 2014 as to Note 17)                                                

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Balance Sheets 
December 31, 2013 and 2012  

(In millions, except share and per share data)  

                                                        [Enlarge/Download Table]

                                                                                            2013        2012    
                                                                                         ----------- -----------
                                                                                                                
Assets                                                                                                          
Investments:                                                                                                    
 Fixed maturity securities available-for-sale, at estimated fair value (amortized cost:                         
   $43,477 and $46,005, respectively)................................................... $    45,252 $    50,968
 Equity securities available-for-sale, at estimated fair value (cost: $397 and $311,                            
   respectively)........................................................................         418         317
 Mortgage loans (net of valuation allowances of $34 and $35, respectively; includes                             
   $1,598 and $2,666, respectively, at estimated fair value, relating to variable                               
   interest entities)...................................................................       7,718       9,157
 Policy loans...........................................................................       1,219       1,216
 Real estate and real estate joint ventures.............................................         754         708
 Other limited partnership interests....................................................       2,130       1,848
 Short-term investments, principally at estimated fair value............................       2,107       2,576
 Other invested assets, principally at estimated fair value.............................       2,555       2,970
                                                                                         ----------- -----------
   Total investments....................................................................      62,153      69,760
Cash and cash equivalents, principally at estimated fair value..........................         746         895
Accrued investment income (includes $9 and $13, respectively, relating to variable                              
  interest entities)....................................................................         542         575
Premiums, reinsurance and other receivables.............................................      20,609      21,927
Deferred policy acquisition costs and value of business acquired........................       4,730       3,746
Current income tax recoverable..........................................................         192         135
Goodwill................................................................................         493         559
Other assets............................................................................         794         826
Separate account assets.................................................................      97,780      86,114
                                                                                         ----------- -----------
   Total assets......................................................................... $   188,039 $   184,537
                                                                                         =========== ===========
Liabilities and Stockholders' Equity                                                                            
Liabilities                                                                                                     
Future policy benefits.................................................................. $    27,991 $    27,583
Policyholder account balances...........................................................      33,453      36,976
Other policy-related balances...........................................................       3,164       3,138
Payables for collateral under securities loaned and other transactions..................       6,451       8,399
Long-term debt (includes $1,461 and $2,559, respectively, at estimated fair value,                              
  relating to variable interest entities)...............................................       2,251       3,350
Deferred income tax liability...........................................................       1,385       1,870
Other liabilities (includes $7 and $13, respectively, relating to variable interest                             
  entities).............................................................................       6,776       6,547
Separate account liabilities............................................................      97,780      86,114
                                                                                         ----------- -----------
   Total liabilities....................................................................     179,251     173,977
                                                                                         ----------- -----------
Contingencies, Commitments and Guarantees (Note 15)                                                             
Stockholders' Equity                                                                                            
Common stock, par value $2.50 per share; 40,000,000 shares authorized; 34,595,317                               
  shares issued and outstanding at December 31, 2013 and 2012...........................          86          86
Additional paid-in capital..............................................................       6,737       6,718
Retained earnings.......................................................................       1,076       1,356
Accumulated other comprehensive income (loss)...........................................         889       2,400
                                                                                         ----------- -----------
   Total stockholders' equity...........................................................       8,788      10,560
                                                                                         ----------- -----------
   Total liabilities and stockholders' equity........................................... $   188,039 $   184,537
                                                                                         =========== ===========

See accompanying notes to the consolidated financial statements.  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Operations 
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                        2013      2012      2011   
                                                                      --------- --------- ---------
                                                                                                   
Revenues                                                                                           
Premiums............................................................. $     606 $   1,261 $   1,828
Universal life and investment-type product policy fees...............     2,336     2,261     1,956
Net investment income................................................     2,852     2,952     3,074
Other revenues.......................................................       592       511       508
Net investment gains (losses):                                                                     
 Other-than-temporary impairments on fixed maturity securities.......       (9)      (52)      (42)
 Other-than-temporary impairments on fixed maturity securities                                     
   transferred to other comprehensive income (loss)..................      (11)         3       (5)
 Other net investment gains (losses).................................       102       201        82
                                                                      --------- --------- ---------
   Total net investment gains (losses)...............................        82       152        35
 Net derivative gains (losses).......................................   (1,052)     1,003     1,096
                                                                      --------- --------- ---------
     Total revenues..................................................     5,416     8,140     8,497
                                                                      --------- --------- ---------
Expenses                                                                                           
Policyholder benefits and claims.....................................     1,707     2,389     2,660
Interest credited to policyholder account balances...................     1,037     1,147     1,189
Goodwill impairment..................................................        66       394        --
Other expenses.......................................................     1,659     2,720     2,981
                                                                      --------- --------- ---------
     Total expenses..................................................     4,469     6,650     6,830
                                                                      --------- --------- ---------
Income (loss) from continuing operations before provision for income                               
  tax................................................................       947     1,490     1,667
Provision for income tax expense (benefit)...........................       227       372       493
                                                                      --------- --------- ---------
Income (loss) from continuing operations, net of income tax..........       720     1,118     1,174
Income (loss) from discontinued operations, net of income tax........        --         8        --
                                                                      --------- --------- ---------
Net income (loss).................................................... $     720 $   1,126 $   1,174
                                                                      ========= ========= =========

See accompanying notes to the consolidated financial statements.  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Comprehensive Income (Loss)  
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                         2013       2012      2011   
                                                                      ----------- --------- ---------
                                                                                                     
Net income (loss).................................................... $       720 $   1,126 $   1,174
Other comprehensive income (loss):                                                                   
 Unrealized investment gains (losses), net of related offsets........     (2,094)       850     2,074
 Unrealized gains (losses) on derivatives............................       (204)         4       347
 Foreign currency translation adjustments............................          28        88      (16)
                                                                      ----------- --------- ---------
Other comprehensive income (loss), before income tax.................     (2,270)       942     2,405
Income tax (expense) benefit related to items of other comprehensive                                 
  income (loss)......................................................         759     (313)     (851)
                                                                      ----------- --------- ---------
Other comprehensive income (loss), net of income tax.................     (1,511)       629     1,554
                                                                      ----------- --------- ---------
Comprehensive income (loss).......................................... $     (791) $   1,755 $   2,728
                                                                      =========== ========= =========

See accompanying notes to the consolidated financial statements.  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Stockholders' Equity 
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                           Accumulated Other Comprehensive Income (Loss)              
                                                           ---------------------------------------------              
                                                                Net                          Foreign                  
                                    Additional               Unrealized      Other-Than-    Currency         Total    
                             Common  Paid-in    Retained     Investment       Temporary    Translation   Stockholders'
                             Stock   Capital    Earnings   Gains (Losses)    Impairments   Adjustments      Equity    
                             ------ ---------- ----------- --------------    -----------   -----------   -------------
                                                                                                                      
Balance at December 31,                                                                                               
  2010 (1).................. $   86 $   6,719  $       424  $       393      $     (51)     $   (125)     $     7,446 
Dividend paid to MetLife....                         (517)                                                      (517) 
Capital contribution........                1                                                                       1 
Return of capital (Note 12).             (47)                                                                    (47) 
Net income (loss)...........                         1,174                                                      1,174 
Other comprehensive income                                                                                            
  (loss), net of income tax.                                      1,591            (23)          (14)           1,554 
                             ------ ---------  -----------  -----------      ----------     ---------     ----------- 
Balance at December 31, 2011     86     6,673        1,081        1,984            (74)         (139)           9,611 
Dividend of subsidiary                                                                                                
  (Note 3)..................                         (347)                                                      (347) 
Dividend paid to MetLife....                         (504)                                                      (504) 
Capital contribution........               45                                                                      45 
Net income (loss)...........                         1,126                                                      1,126 
Other comprehensive income                                                                                            
  (loss), net of income                                                                                               
  tax (2)...................                                        503              36            90             629 
                             ------ ---------  -----------  -----------      ----------     ---------     ----------- 
Balance at December 31, 2012     86     6,718        1,356        2,487            (38)          (49)          10,560 
Dividend paid to MetLife....                       (1,000)                                                    (1,000) 
Capital contribution........               19                                                                      19 
Net income (loss)...........                           720                                                        720 
Other comprehensive income                                                                                            
  (loss), net of income tax.                                    (1,549)              12            26         (1,511) 
                             ------ ---------  -----------  -----------      ----------     ---------     ----------- 
Balance at December 31, 2013 $   86 $   6,737  $     1,076  $       938      $     (26)     $    (23)     $     8,788 
                             ====== =========  ===========  ===========      ==========     =========     =========== 

--------                                                                        
(1)Includes amounts related to prior period adjustments to Retained Earnings of 
($33) million. See Note 1.                                                
(2)Includes amounts related to dividend of subsidiary. See Notes 3 and 12.      

See accompanying notes to the consolidated financial statements.  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Cash Flows 
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                                           2013        2012        2011    
                                                                                        ----------- ----------- -----------
                                                                                                                           
Cash flows from operating activities                                                                                       
Net income (loss)...................................................................... $       720 $     1,126 $     1,174
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating                                     
 activities:                                                                                                               
  Depreciation and amortization expenses...............................................          33          31          37
  Amortization of premiums and accretion of discounts associated with investments, net.       (167)       (168)       (152)
  (Gains) losses on investments and derivatives and from sales of businesses, net......       1,108     (1,043)     (1,160)
  (Income) loss from equity method investments, net of dividends or distributions......        (78)        (42)        (23)
  Interest credited to policyholder account balances...................................       1,037       1,147       1,189
  Universal life and investment-type product policy fees...............................     (2,336)     (2,261)     (1,956)
  Goodwill impairment..................................................................          66         394          --
  Change in fair value option securities...............................................          --       (602)     (1,483)
  Change in accrued investment income..................................................          77          66          51
  Change in premiums, reinsurance and other receivables................................     (1,355)     (1,197)     (1,202)
  Change in deferred policy acquisition costs and value of business acquired, net......       (553)         182       (207)
  Change in income tax.................................................................         213         630         537
  Change in other assets...............................................................       1,836       1,499       1,386
  Change in insurance-related liabilities and policy-related balances..................       1,144       1,863       1,958
  Change in other liabilities..........................................................         847         804         406
  Other, net...........................................................................         141          53          67
                                                                                        ----------- ----------- -----------
Net cash provided by (used in) operating activities....................................       2,733       2,482         622
                                                                                        ----------- ----------- -----------
Cash flows from investing activities                                                                                       
  Sales, maturities and repayments of:                                                                                     
   Fixed maturity securities...........................................................      18,718      14,394      17,348
   Equity securities...................................................................          67          50         168
   Mortgage loans......................................................................       2,292       1,447         993
   Real estate and real estate joint ventures..........................................         104          72          26
   Other limited partnership interests.................................................         153         223         256
  Purchases of:                                                                                                            
   Fixed maturity securities...........................................................    (15,841)    (15,706)    (17,127)
   Equity securities...................................................................       (133)        (58)        (27)
   Mortgage loans......................................................................       (882)       (807)     (1,357)
   Real estate and real estate joint ventures..........................................       (201)       (225)        (72)
   Other limited partnership interests.................................................       (363)       (341)       (378)
  Cash received in connection with freestanding derivatives............................         111         414         397
  Cash paid in connection with freestanding derivatives................................       (720)       (335)       (478)
  Dividend of subsidiary...............................................................          --        (53)          --
  Issuances of loans to affiliates.....................................................       (500)          --       (430)
  Net change in policy loans...........................................................         (3)        (13)        (13)
  Net change in short-term investments.................................................         471       (155)     (1,347)
  Net change in other invested assets..................................................        (47)        (54)        (12)
  Other, net...........................................................................           3          --           1
                                                                                        ----------- ----------- -----------
Net cash provided by (used in) investing activities.................................... $     3,229 $   (1,147) $   (2,052)
                                                                                        ----------- ----------- -----------

See accompanying notes to the consolidated financial statements.  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Cash Flows -- (Continued)  
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                                              2013        2012        2011    
                                                                                           ----------- ----------- -----------
                                                                                                                              
Cash flows from financing activities                                                                                          
  Policyholder account balances:                                                                                              
   Deposits............................................................................... $    13,770 $    14,785 $    20,496
   Withdrawals............................................................................    (15,899)    (15,493)    (19,404)
  Net change in payables for collateral under securities loaned and other transactions....     (1,948)         320        (24)
  Long-term debt repaid...................................................................     (1,009)       (482)       (385)
  Financing element on certain derivative instruments.....................................        (29)         180         129
  Return of capital.......................................................................          --          --        (47)
  Dividends on common stock...............................................................     (1,000)       (504)       (517)
                                                                                           ----------- ----------- -----------
Net cash provided by (used in) financing activities.......................................     (6,115)     (1,194)         248
                                                                                           ----------- ----------- -----------
Effect of change in foreign currency exchange rates on cash and cash equivalents balances.           4           9         (1)
                                                                                           ----------- ----------- -----------
Change in cash and cash equivalents.......................................................       (149)         150     (1,183)
Cash and cash equivalents, beginning of year..............................................         895         745       1,928
                                                                                           ----------- ----------- -----------
Cash and cash equivalents, end of year.................................................... $       746 $       895 $       745
                                                                                           =========== =========== ===========
Supplemental disclosures of cash flow information                                                                             
  Net cash paid (received) for:                                                                                               
   Interest............................................................................... $       194 $       232 $       406
                                                                                           =========== =========== ===========
   Income tax............................................................................. $       (1) $     (226) $      (47)
                                                                                           =========== =========== ===========
  Non-cash transactions:                                                                                                      
  Disposal of subsidiary: (1)                                                                                                 
   Assets disposed........................................................................ $        -- $     4,857 $        --
   Liabilities disposed...................................................................          --     (4,567)          --
                                                                                           ----------- ----------- -----------
   Net assets disposed....................................................................          --         290          --
   Cash disposed..........................................................................          --        (53)          --
   Dividend of interests in subsidiary....................................................          --       (237)          --
                                                                                           ----------- ----------- -----------
   (Gain) loss on dividend of interests in subsidiary..................................... $        -- $        -- $        --
                                                                                           =========== =========== ===========
  Capital contribution from MetLife, Inc.................................................. $        19 $        45 $        --
                                                                                           =========== =========== ===========
  Real estate and real estate joint ventures acquired in satisfaction of debt............. $        -- $        50 $         5
                                                                                           =========== =========== ===========

--------                                                                        

(1)See Note 3.                                                                  

See accompanying notes to the consolidated financial statements.  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies                                                                        

Business                                                                        

 "MICC" or the "Company" refers to MetLife Insurance Company of Connecticut, a
Connecticut corporation incorporated in 1863, and its subsidiaries, including   
MetLife Investors USA Insurance Company ("MLI-USA"). MetLife Insurance Company  
of Connecticut is a wholly-owned subsidiary of MetLife, Inc. ("MetLife"). The   
Company offers individual annuities, individual life insurance, and             
institutional protection and asset accumulation products.                       

The Company is organized into two segments: Retail and Corporate Benefit    
Funding.                                                                        

In the second quarter of 2013, MetLife announced its plans to merge three   
U.S.-based life insurance companies and an offshore reinsurance subsidiary to   
create one larger U.S.-based and U.S.-regulated life insurance company (the     
"Mergers"). The companies to be merged are MetLife Insurance Company of         
Connecticut, MLI-USA and MetLife Investors Insurance Company ("MLIIC"), each a  
U.S. insurance company that issues variable annuity products in addition to     
other products, and Exeter Reassurance Company, Ltd. ("Exeter"), a reinsurance  
company that mainly reinsures guarantees associated with variable annuity       
products. MetLife Insurance Company of Connecticut, which is expected to be     
renamed and domiciled in Delaware, will be the surviving entity. Exeter,        
formerly a Cayman Islands company, was re-domesticated to Delaware in           
October 2013. Effective January 1, 2014, following receipt of New York State    
Department of Financial Services ("Department of Financial Services") approval, 
MetLife Insurance Company of Connecticut withdrew its license to issue          
insurance policies and annuity contracts in New York. Also effective January 1, 
2014, MetLife Insurance Company of Connecticut reinsured with Metropolitan Life 
Insurance Company ("MLIC"), an affiliate, all existing New York insurance       
policies and annuity contracts that include a separate account feature. As a    
result of the reinsurance agreements, MetLife Insurance Company of Connecticut  
recorded a reinsurance recoverable, included in premiums, reinsurance and other 
receivables, of $545 million and a funds withheld liability, included in other  
liabilities, of $97 million, and transferred cash and investments of $448       
million to MLIC. On December 31, 2013, MetLife Insurance Company of Connecticut 
deposited investments with an estimated fair market value of $6.3 billion into  
a custodial account, which became restricted to secure MetLife Insurance        
Company of Connecticut's remaining New York policyholder liabilities not        
covered by such reinsurance on January 1, 2014. In anticipation of establishing 
the custodial account with qualifying investments, MetLife Insurance Company of 
Connecticut transferred investments with an estimated fair value of             
$739 million and cash of $12 million to MLIC and received from MLIC qualifying  
investments with an estimated fair value of $751 million in the fourth quarter  
of 2013. See Note 7. The Mergers are expected to occur in the fourth quarter of 
2014, subject to regulatory approvals.                                          

Basis of Presentation                                                           

The preparation of financial statements in conformity with accounting       
principles generally accepted in the United States of America ("GAAP") requires 
management to adopt accounting policies and make estimates and assumptions that 
affect amounts reported in the consolidated financial statements. In applying   
these policies and estimates, management makes subjective and complex judgments 
that frequently require assumptions about matters that are inherently           
uncertain. Many of these policies, estimates and related judgments are common   
in the insurance and financial services industries; others are specific to the  
Company's business and operations. Actual results could differ from estimates.  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Consolidation                                                                 

The accompanying consolidated financial statements include the accounts of
MetLife Insurance Company of Connecticut and its subsidiaries, as well as     
partnerships and joint ventures in which the Company has control, and variable
interest entities ("VIEs") for which the Company is the primary beneficiary.  
Intercompany accounts and transactions have been eliminated.                  

  Since the Company is a member of a controlled group of affiliated companies,
its results may not be indicative of those of a stand-alone entity.           

Discontinued Operations                                                       

  The results of operations of a component of the Company that has either been
disposed of or is classified as held-for-sale are reported in discontinued    
operations if certain criteria are met. In order to qualify for a discontinued
operation, the operations and cash flows of the component have been or will be
eliminated from the ongoing operations of the Company, and the Company will   
not have any significant continuing involvement in the operations of the      
component after the disposal transaction.                                     

Separate Accounts                                                             

 Separate accounts are established in conformity with insurance laws and are
generally not chargeable with liabilities that arise from any other business  
of the Company. Separate account assets are subject to general account claims 
only to the extent the value of such assets exceeds the separate account      
liabilities. The Company reports separately, as assets and liabilities,       
investments held in separate accounts and liabilities of the separate accounts
if:                                                                           

.  such separate accounts are legally recognized;                       
.  assets supporting the contract liabilities are legally insulated from
the Company's general account liabilities;                        
.  investments are directed by the contractholder; and                  
.  all investment performance, net of contract fees and assessments, is 
passed through to the contractholder.                             

The Company reports separate account assets at their fair value, which is 
based on the estimated fair values of the underlying assets comprising the    
individual separate account portfolios. Investment performance (including     
investment income, net investment gains (losses) and changes in unrealized    
gains (losses)) and the corresponding amounts credited to contractholders of  
such separate accounts are offset within the same line in the statements of   
operations. Separate accounts credited with a contractual investment return   
are combined on a line-by-line basis with the Company's general account       
assets, liabilities, revenues and expenses and the accounting for these       
investments is consistent with the methodologies described herein for similar 
financial instruments held within the general account. Unit-linked separate   
account investments that are directed by contractholders but do not meet one  
or more of the other above criteria are included in fair value option ("FVO") 
securities. See Note 3.                                                       

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

The Company's revenues reflect fees charged to the separate accounts,     
including mortality charges, risk charges, policy administration fees,        
investment management fees and surrender charges. Such fees are included in   
universal life and investment-type product policy fees in the statements of   
operations.                                                                   

Reclassifications                                                             

Certain amounts in the prior years' consolidated financial statements and 
related footnotes thereto have been reclassified to conform with the current  
year presentation as discussed throughout the Notes to the Consolidated       
Financial Statements.                                                         

Adjustments to Prior Periods                                              

   During the fourth quarter of 2013, the Company determined to adjust certain
prior period results to correct the following:                              

   .  Certain prior years' acquisition costs related to variable annuity sales
     were incorrectly allocated to an affiliate. Such costs, net of deferred
      policy acquisition costs ("DAC"), were $57 million, $66 million, and $52
million for 2012, 2011 and 2010, respectively.                    

   .  A DAC recoverability write-off of $111 million associated with term life
   and universal life secondary guarantees business sold in 2012 was not
recorded as of December 31, 2012.                                 

.  The fair value of a bifurcated embedded derivative associated with a 
reinsurance agreement was overstated by $23 million for 2011.     

 .  Policyholder benefits and claims and other expenses were overstated in
    2012 by $6 million and $23 million, respectively, due to an adjustment
     in the modeling of dynamic lapses in certain variable annuity products.

.  Tax valuation allowances were understated by $22 million for 2012.   

.  A non-cash transaction relating to a pension closeout sale was       
      incorrectly recorded as an increase of $312 million in net cash provided
   by operating activities with an offsetting impact on net cash used in
investing activities for 2011.                                    

Management evaluated the materiality of these adjustments quantitatively
and qualitatively and concluded that they were not material to any prior    
periods' annual or quarterly financial statements, however, unadjusted      
amounts as of December 31, 2012 would have had a significant effect on the  
results of operations for 2013 if they were recorded in 2013. Accordingly,  
the Company has revised its previously reported financial statements for    
prior annual periods for the items listed above, including the related tax  
 impacts, as detailed below. The effects of the adjustments were immaterial to
quarterly financial information reported in each of the interim condensed   
consolidated financial statements in 2012 and 2013, since the most          
significant adjustments occurred in the fourth quarter of 2012. As a result,
such previously reported quarterly financial information has not been       
adjusted, and we do not plan to amend prior quarterly filings.              

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

The impact of the adjustments is shown in the tables below:               

                                                        [Enlarge/Download Table]

                                                                      December 31, 2012 
                                                                     -------------------
                                                                         As             
                                                                     Previously    As   
Consolidated Balance Sheets                                           Reported  Adjusted
-------------------------------------------------------------------- ---------- --------
                                                                        (In millions)   
                                                                                        
Assets                                                                                  
   Premiums, reinsurance and other receivables......................  $ 22,143  $ 21,927
   Deferred policy acquisition costs and value of business acquired.  $  3,793  $  3,746
   Other assets.....................................................  $    822  $    826
   Total assets.....................................................  $184,796  $184,537
Liabilities                                                                             
   Future policy benefits...........................................  $ 27,585  $ 27,583
   Deferred income tax liability....................................  $  1,938  $  1,870
   Total liabilities................................................  $174,047  $173,977
Stockholders' Equity                                                                    
   Retained earnings................................................  $  1,545  $  1,356
   Total stockholders' equity.......................................  $ 10,749  $ 10,560
   Total liabilities and stockholders' equity.......................  $184,796  $184,537

                                                        [Enlarge/Download Table]

                                                                                   December 31,              
                                                                      ---------------------------------------
                                                                             2012                2011        
                                                                      ------------------- -------------------
                                                                          As                  As             
                                                                      Previously    As    Previously    As   
Consolidated Statements of Operations                                  Reported  Adjusted  Reported  Adjusted
--------------------------------------------------------------------- ---------- -------- ---------- --------
                                                                                   (In millions)             
                                                                                                             
Revenues                                                                                                     
   Net derivative gains (losses).....................................   $  980    $1,003    $1,119    $1,096 
   Total revenues....................................................   $8,117    $8,140    $8,520    $8,497 
Expenses                                                                                                     
   Policyholder benefits and claims..................................   $2,395    $2,389    $2,660       N/A 
   Other expenses....................................................   $2,575    $2,720    $2,915    $2,981 
   Total expenses....................................................   $6,511    $6,650    $6,764    $6,830 
Income (loss) from continuing operations before provision for income                                         
  tax................................................................   $1,606    $1,490    $1,756    $1,667 
Provision for income tax expense (benefit)...........................   $  391    $  372    $  523    $  493 
Income (loss) from continuing operations, net of income tax..........   $1,215    $1,118    $1,233    $1,174 
Net income (loss)....................................................   $1,223    $1,126    $1,233    $1,174 

                                                        [Enlarge/Download Table]

                                                                     December 31,              
                                                        ---------------------------------------
                                                               2012                2011        
                                                        ------------------- -------------------
                                                            As                  As             
                                                        Previously    As    Previously    As   
Consolidated Statements of Comprehensive Income (Loss)   Reported  Adjusted  Reported  Adjusted
------------------------------------------------------  ---------- -------- ---------- --------
                                                                     (In millions)             
                                                                                               
             Net income (loss).........................   $1,223    $1,126    $1,233    $1,174 
             Comprehensive income (loss)...............   $1,852    $1,755    $2,787    $2,728 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

                                                                [Download Table]

                                                     As             
                                                 Previously    As   
Consolidated Statements of Stockholders' Equity   Reported  Adjusted
-----------------------------------------------  ---------- --------
                                                    (In millions)   
                                                                    
       Retained Earnings                                            
         Balance at December 31, 2010...........  $   457   $   424 
          Net income (loss).....................  $ 1,233   $ 1,174 
         Balance at December 31, 2011...........  $ 1,173   $ 1,081 
          Net income (loss).....................  $ 1,223   $ 1,126 
         Balance at December 31, 2012...........  $ 1,545   $ 1,356 
       Total Stockholders' Equity                                   
         Balance at December 31, 2010...........  $ 7,479   $ 7,446 
         Balance at December 31, 2011...........  $ 9,703   $ 9,611 
         Balance at December 31, 2012...........  $10,749   $10,560 

                                                        [Enlarge/Download Table]

                                                                                   December 31,              
-                                                                    --------------------------------------- 
                                                                            2012                 2011        
                                                                     ------------------  ------------------- 
                                                                         As                  As              
                                                                     Previously    As    Previously    As    
Consolidated Statements of Cash Flows                                 Reported  Adjusted  Reported  Adjusted 
-------------------------------------------------------------------  ---------- -------- ---------- -------- 
                                                                                  (In millions)              
                                                                                                             
Cash flows from operating activities                                                                         
   Net income (loss)................................................  $ 1,223   $ 1,126   $  1,233  $  1,174 
   (Gains) losses on investments and derivatives and from sales of                                           
     businesses, net................................................  $(1,020)  $(1,043)  $ (1,183) $ (1,160)
   Change in premiums, reinsurance and other receivables............  $(1,229)  $(1,197)  $ (1,288) $ (1,202)
   Change in deferred policy acquisition costs and value of                                                  
     business acquired, net.........................................  $    69   $   182   $   (187) $   (207)
   Change in income tax.............................................  $   649   $   630   $    567  $    537 
   Change in other assets...........................................  $ 1,503   $ 1,499        N/A       N/A 
   Change in insurance-related liabilities and policy-related                                                
     balances.......................................................  $ 1,865   $ 1,863   $  2,307  $  1,958 
   Other, net.......................................................      N/A       N/A   $     30  $     67 
   Net cash provided by (used in) operating activities..............      N/A       N/A   $    934  $    622 
Cash flows from investing activities                                                                         
   Purchases of fixed maturity securities...........................      N/A       N/A   $(17,439) $(17,127)
   Net cash provided by (used in) investing activities..............      N/A       N/A   $ (2,364) $ (2,052)

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Summary of Significant Accounting Policies                                      

The following are the Company's significant accounting policies with      
references to notes providing additional information on such policies and     
critical accounting estimates relating to such policies.                      

                                                        [Enlarge/Download Table]
                                                                                                        
--------------------------------------------------------------------------------------------------------
Accounting Policy                                                                                   Note
--------------------------------------------------------------------------------------------------------
Insurance                                                                                            4  
--------------------------------------------------------------------------------------------------------
Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-Related Intangibles   5  
--------------------------------------------------------------------------------------------------------
Reinsurance                                                                                          6  
--------------------------------------------------------------------------------------------------------
Investments                                                                                          7  
--------------------------------------------------------------------------------------------------------
Derivatives                                                                                          8  
--------------------------------------------------------------------------------------------------------
Fair Value                                                                                           9  
--------------------------------------------------------------------------------------------------------
Goodwill                                                                                             10 
--------------------------------------------------------------------------------------------------------
Income Tax                                                                                           14 
--------------------------------------------------------------------------------------------------------
Litigation Contingencies                                                                             15 

Insurance                                                                     

Future Policy Benefit Liabilities and Policyholder Account Balances         

The Company establishes liabilities for amounts payable under insurance 
policies. Generally, amounts are payable over an extended period of time and
related liabilities are calculated as the present value of future expected  
 benefits to be paid reduced by the present value of future expected premiums.
Such liabilities are established based on methods and underlying assumptions
in accordance with GAAP and applicable actuarial standards. Principal       
assumptions used in the establishment of liabilities for future policy      
benefits are mortality, morbidity, policy lapse, renewal, retirement,       
 disability incidence, disability terminations, investment returns, inflation,
 expenses and other contingent events as appropriate to the respective product
type. These assumptions are established at the time the policy is issued and
are intended to estimate the experience for the period the policy benefits  
are payable. Utilizing these assumptions, liabilities are established on a  
block of business basis. For long duration insurance contracts, assumptions 
such as mortality, morbidity and interest rates are "locked in" upon the    
issuance of new business. However, significant adverse changes in experience
on such contracts may require the establishment of premium deficiency       
reserves. Such reserves are determined based on the then current assumptions
and do not include a provision for adverse deviation.                       

Liabilities for universal and variable life secondary guarantees are    
determined by estimating the expected value of death benefits payable when  
the account balance is projected to be zero and recognizing those benefits  
 ratably over the accumulation period based on total expected assessments. The
assumptions used in estimating the secondary guarantee liabilities are      
consistent with those used for amortizing DAC and are thus subject to the   
same variability and risk as further discussed herein. The assumptions of   
investment performance and volatility for variable products are consistent  
with historical experience of appropriate underlying equity indices, such as
the Standard & Poor's Ratings Services ("S&P") 500 Index. The benefits used 
 in calculating the liabilities are based on the average benefits payable over
a range of scenarios.                                                       

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

The Company regularly reviews its estimates of liabilities for future   
policy benefits and compares them with its actual experience. Differences   
result in changes to the liability balances with related charges or credits 
to benefit expenses in the period in which the changes occur.               

Policyholder account balances ("PABs") relate to contract or contract   
features where the Company has no significant insurance risk.               

The Company issues directly and assumes through reinsurance, certain    
variable annuity products with guaranteed minimum benefits that provide the 
policyholder a minimum return based on their initial deposit (i.e., the     
benefit base) less withdrawals. These guarantees are accounted for as       
insurance liabilities or as embedded derivatives depending on how and when  
the benefit is paid. Specifically, a guarantee is accounted for as an       
embedded derivative if a guarantee is paid without requiring (i) the        
occurrence of specific insurable event, or (ii) the policyholder to         
annuitize. Alternatively, a guarantee is accounted for as an insurance      
liability if the guarantee is paid only upon either (i) the occurrence of a 
specific insurable event, or (ii) annuitization. In certain cases, a        
guarantee may have elements of both an insurance liability and an embedded  
derivative and in such cases the guarantee is split and accounted for under 
both models.                                                                

   Guarantees accounted for as insurance liabilities in future policy benefits
include guaranteed minimum death benefits ("GMDBs"), the portion of         
guaranteed minimum income benefits ("GMIBs") that require annuitization, and
the life-contingent portion of guaranteed minimum withdrawal benefits       
("GMWBs").                                                                  

Guarantees accounted for as embedded derivatives in PABs include the non
life-contingent portion of GMWBs, guaranteed minimum accumulation benefits  
("GMABs") and the portion of GMIBs that do not require annuitization. At    
 inception, the Company attributes to the embedded derivative a portion of the
projected future guarantee fees to be collected from the policyholder equal 
to the present value of projected future guaranteed benefits. Any additional
fees represent "excess" fees and are reported in universal life and         
investment-type product policy fees.                                        

Other Policy-Related Balances                                               

  Other policy-related balances include policy and contract claims, unearned
revenue liabilities, premiums received in advance and policyholder dividends
due and unpaid.                                                             

  The liability for policy and contract claims generally relates to incurred
but not reported death, disability, and long-term care ("LTC") claims, as   
well as claims which have been reported but not yet settled. The liability  
for these claims is based on the Company's estimated ultimate cost of       
settling all claims. The Company derives estimates for the development of   
incurred but not reported claims principally from analyses of historical    
patterns of claims by business line. The methods used to determine these    
estimates are continually reviewed. Adjustments resulting from this         
continuous review process and differences between estimates and payments for
claims are recognized in policyholder benefits and claims expense in the    
period in which the estimates are changed or payments are made.             

The unearned revenue liability relates to universal life-type and       
investment-type products and represents policy charges for services to be   
provided in future periods. The charges are deferred as unearned revenue and
amortized using the product's estimated gross profits, similar to DAC as    
 discussed further herein. Such amortization is recorded in universal life and
investment-type product policy fees.                                        

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

   The Company accounts for the prepayment of premiums on its individual life,
group life and health contracts as premiums received in advance and applies 
the cash received to premiums when due.                                     

Recognition of Insurance Revenues and Deposits                              

Premiums related to traditional life and annuity policies with life     
contingencies are recognized as revenues when due from policyholders.       
 Policyholder benefits and expenses are provided to recognize profits over the
estimated lives of the insurance policies. When premiums are due over a     
significantly shorter period than the period over which benefits are        
provided, any excess profit is deferred and recognized into earnings in a   
constant relationship to insurance in-force or, for annuities, the amount of
expected future policy benefit payments.                                    

Premiums related to non-medical health and disability contracts are     
recognized on a pro rata basis over the applicable contract term.           

Deposits related to universal life-type and investment-type products are
 credited to PABs. Revenues from such contracts consist of fees for mortality,
policy administration and surrender charges and are recorded in universal   
life and investment-type product policy fees in the period in which services
are provided. Amounts that are charged to earnings include interest credited
and benefit claims incurred in excess of related PABs.                      

   Premiums, policy fees, policyholder benefits and expenses are presented net
of reinsurance.                                                             

Deferred Policy Acquisition Costs, Value of Business Acquired and Other       
Policy-Related Intangibles                                                    

The Company incurs significant costs in connection with acquiring new and 
renewal insurance business. Costs that are related directly to the successful 
acquisition or renewal of insurance contracts are capitalized as DAC. Such    
costs include:                                                                

 .  incremental direct costs of contract acquisition, such as commissions;
  .  the portion of an employee's total compensation and benefits related to
    time spent selling, underwriting or processing the issuance of new and
      renewal insurance business only with respect to actual policies acquired
or renewed;                                                       
.  other essential direct costs that would not have been incurred had a 
policy not been acquired or renewed; and                          
  .  in limited circumstances, the costs of direct-response advertising, the
   primary purpose of which is to elicit sales to customers who could be
      shown to have responded specifically to the advertising and that results
in probable future benefits.                                      

All other acquisition-related costs, including those related to general   
advertising and solicitation, market research, agent training, product        
development, unsuccessful sales and underwriting efforts, as well as all      
indirect costs, are expensed as incurred.                                     

 Value of business acquired ("VOBA") is an intangible asset resulting from a
business combination that represents the excess of book value over the        
estimated fair value of acquired insurance, annuity, and investment-type      
contracts in-force at the acquisition date. The estimated fair value of the   
acquired liabilities is                                                       

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

based on projections, by each block of business, of future policy and contract
charges, premiums, mortality and morbidity, separate account performance,     
surrenders, operating expenses, investment returns, nonperformance risk       
adjustment and other factors. Actual experience on the purchased business may 
vary from these projections.                                                  

DAC and VOBA are amortized as follows:                                      

----------------------------------------------------------------------------- 
Products:                              In proportion to the following over    
                                 estimated lives of the contracts:
----------------------------------------------------------------------------- 
.  Nonparticipating and                Historic actual and expected future    
non-dividend-paying traditional     gross premiums.                     
contracts (primarily term                                               
insurance)                                                              
----------------------------------------------------------------------------- 
.  Participating, dividend-paying      Actual and expected future gross       
traditional contracts               margins.                            
----------------------------------------------------------------------------- 
.  Fixed and variable universal life   Actual and expected future gross       
contracts                           profits.                            
.  Fixed and variable deferred                                                
annuity contracts                                                       
----------------------------------------------------------------------------- 

See Note 5 for additional information on DAC and VOBA amortization.       

The recovery of DAC and VOBA is dependent upon the future profitability of
the related business. DAC and VOBA are aggregated in the financial statements 
for reporting purposes.                                                       

  The Company generally has two different types of sales inducements which are
included in other assets: (i) the policyholder receives a bonus whereby the   
policyholder's initial account balance is increased by an amount equal to a   
specified percentage of the customer's deposit; and (ii) the policyholder     
receives a higher interest rate using a dollar cost averaging method than     
would have been received based on the normal general account interest rate    
credited. The Company defers sales inducements and amortizes them over the    
life of the policy using the same methodology and assumptions used to amortize
DAC. The amortization of sales inducements is included in policyholder        
benefits and claims. Each year, or more frequently if circumstances indicate a
potential recoverability issue exists, the Company reviews deferred sales     
inducements to determine the recoverability of the asset.                     

Value of distribution agreements acquired ("VODA") is reported in other   
assets and represents the present value of expected future profits associated 
with the expected future business derived from the distribution agreements    
acquired as part of a business combination. Value of customer relationships   
acquired ("VOCRA") is also reported in other assets and represents the present
value of the expected future profits associated with the expected future      
business acquired through existing customers of the acquired company or       
business. The VODA and VOCRA associated with past business combinations are   
amortized over useful lives ranging from 10 to 30 years and such amortization 
is included in other expenses. Each year, or more frequently if circumstances 
indicate a possible impairment exists, the Company reviews VODA and VOCRA to  
determine whether the asset is impaired.                                      

Reinsurance                                                                   

For each of its reinsurance agreements, the Company determines whether the
agreement provides indemnification against loss or liability relating to      
insurance risk in accordance with applicable accounting standards. Cessions   
under reinsurance agreements do not discharge the Company's obligations as the
primary insurer. The Company reviews all contractual features, including those
that may limit the amount of insurance risk to which the reinsurer is subject 
or features that delay the timely reimbursement of claims.                    

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

 For reinsurance of existing in-force blocks of long-duration contracts that
transfer significant insurance risk, the difference, if any, between the      
amounts paid (received), and the liabilities ceded (assumed) related to the   
underlying contracts is considered the net cost of reinsurance at the         
inception of the reinsurance agreement. The net cost of reinsurance is        
recorded as an adjustment to DAC when there is a gain at inception on the     
ceding entity and to other liabilities when there is a loss at inception. The 
net cost of reinsurance is recognized as a component of other expenses when   
there is a gain at inception and as policyholder benefits and claims when     
there is a loss and is subsequently amortized on a basis consistent with the  
methodology used for amortizing DAC related to the underlying reinsured       
contracts. Subsequent amounts paid (received) on the reinsurance of in-force  
blocks, as well as amounts paid (received) related to new business, are       
recorded as ceded (assumed) premiums and ceded (assumed) premiums, reinsurance
and other receivables (future policy benefits) are established.               

Amounts currently recoverable under reinsurance agreements are included in
premiums, reinsurance and other receivables and amounts currently payable are 
included in other liabilities. Assets and liabilities relating to reinsurance 
agreements with the same reinsurer may be recorded net on the balance sheet,  
if a right of offset exists within the reinsurance agreement. In the event    
that reinsurers do not meet their obligations to the Company under the terms  
of the reinsurance agreements, reinsurance recoverable balances could become  
uncollectible. In such instances, reinsurance recoverable balances are stated 
net of allowances for uncollectible reinsurance.                              

The funds withheld liability represents amounts withheld by the Company in
accordance with the terms of the reinsurance agreements. The Company withholds
the funds rather than transferring the underlying investments and, as a       
result, records funds withheld liability within other liabilities. The Company
recognizes interest on funds withheld, included in other expenses, at rates   
defined by the terms of the agreement which may be contractually specified or 
directly related to the investment portfolio.                                 

 Premiums, fees and policyholder benefits and claims include amounts assumed
under reinsurance agreements and are net of reinsurance ceded. Amounts        
received from reinsurers for policy administration are reported in other      
revenues. With respect to GMIBs, a portion of the directly written GMIBs are  
accounted for as insurance liabilities, but the associated reinsurance        
agreements contain embedded derivatives. These embedded derivatives are       
included in premiums, reinsurance and other receivables with changes in       
estimated fair value reported in net derivative gains (losses).               

If the Company determines that a reinsurance agreement does not expose the
reinsurer to a reasonable possibility of a significant loss from insurance    
risk, the Company records the agreement using the deposit method of           
accounting. Deposits received are included in other liabilities and deposits  
made are included within premiums, reinsurance and other receivables. As      
amounts are paid or received, consistent with the underlying contracts, the   
deposit assets or liabilities are adjusted. Interest on such deposits is      
recorded as other revenues or other expenses, as appropriate. Periodically,   
the Company evaluates the adequacy of the expected payments or recoveries and 
adjusts the deposit asset or liability through other revenues or other        
expenses, as appropriate.                                                     

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Investments                                                                   

Net Investment Income and Net Investment Gains (Losses)                     

Income on investments is reported within net investment income, unless  
 otherwise stated herein. Gains and losses on sales of investments, impairment
 losses and changes in valuation allowances are reported within net investment
gains (losses), unless otherwise stated herein.                             

Fixed Maturity and Equity Securities                                        

The majority of the Company's fixed maturity and equity securities are  
classified as available-for-sale ("AFS") and are reported at their estimated
fair value. Unrealized investment gains and losses on these securities are  
recorded as a separate component of other comprehensive income (loss)       
("OCI"), net of policyholder-related amounts and deferred income taxes. All 
security transactions are recorded on a trade date basis. Investment gains  
and losses on sales are determined on a specific identification basis.      

Interest income on fixed maturity securities is recognized when earned  
 using an effective yield method giving effect to amortization of premiums and
 accretion of discounts. Prepayment fees are recognized when earned. Dividends
on equity securities are recognized when declared.                          

   The Company periodically evaluates fixed maturity and equity securities for
impairment. The assessment of whether impairments have occurred is based on 
management's case-by-case evaluation of the underlying reasons for the      
decline in estimated fair value, as well as an analysis of the gross        
unrealized losses by severity and/or age as described in Note 7 "--         
 Evaluation of AFS Securities for OTTI and Evaluating Temporarily Impaired AFS
Securities."                                                                

For fixed maturity securities in an unrealized loss position, an        
 other-than-temporary impairment ("OTTI") is recognized in earnings when it is
anticipated that the amortized cost will not be recovered. When either:     
(i) the Company has the intent to sell the security; or (ii) it is more     
 likely than not that the Company will be required to sell the security before
recovery, the OTTI recognized in earnings is the entire difference between  
the security's amortized cost and estimated fair value. If neither of these 
conditions exist, the difference between the amortized cost of the security 
 and the present value of projected future cash flows expected to be collected
is recognized as an OTTI in earnings ("credit loss"). If the estimated fair 
value is less than the present value of projected future cash flows expected
to be collected, this portion of OTTI related to other-than-credit factors  
("noncredit loss") is recorded in OCI.                                      

With respect to equity securities, the Company considers in its OTTI    
analysis its intent and ability to hold a particular equity security for a  
period of time sufficient to allow for the recovery of its estimated fair   
value to an amount equal to or greater than cost. If a sale decision is made
 for an equity security and recovery to an amount at least equal to cost prior
to the sale is not expected, the security will be deemed to be              
 other-than-temporarily impaired in the period that the sale decision was made
and an OTTI loss will be recorded in earnings. The OTTI loss recognized is  
the entire difference between the security's cost and its estimated fair    
value.                                                                      

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Mortgage Loans                                                              

  The Company disaggregates its mortgage loan investments into two portfolio
segments: commercial and agricultural. The accounting policies that are     
applicable to all portfolio segments are presented below and the accounting 
policies related to each of the portfolio segments are included in Note 7.  

Mortgage loans are stated at unpaid principal balance, adjusted for any 
unamortized premium or discount, deferred fees or expenses, and are net of  
 valuation allowances. Interest income and prepayment fees are recognized when
earned. Interest income is recognized using an effective yield method giving
effect to amortization of premiums and accretion of discounts.              

Also included in mortgage loans are commercial mortgage loans held by   
consolidated securitization entities ("CSEs") for which the FVO was elected.
 These mortgage loans are stated at estimated fair value. Changes in estimated
fair value are recognized in net investment gains (losses) for commercial   
mortgage loans held by CSEs.                                                

Policy Loans                                                                

Policy loans are stated at unpaid principal balances. Interest income on
such loans is recorded as earned using the contractual interest rate.       
Generally, accrued interest is capitalized on the policy's anniversary date.
Valuation allowances are not established for policy loans, as they are fully
collateralized by the cash surrender value of the underlying insurance      
policies. Any unpaid principal or interest on the loan is deducted from the 
cash surrender value or the death benefit prior to settlement of the        
insurance policy.                                                           

Real Estate                                                                 

Real estate held-for-investment is stated at cost less accumulated      
depreciation. Depreciation is provided on a straight-line basis over the    
estimated useful life of the asset (typically 20 to 55 years). Rental income
associated with such real estate is recognized on a straight-line basis over
the term of the respective leases. The Company periodically reviews its real
estate held-for-investment for impairment and tests for recoverability      
whenever events or changes in circumstances indicate the carrying value may 
not be recoverable and exceeds its estimated fair value. Properties whose   
carrying values are greater than their undiscounted cash flows are written  
down to their estimated fair value, which is generally computed using the   
 present value of expected future cash flows discounted at a rate commensurate
with the underlying risks.                                                  

   Real estate for which the Company commits to a plan to sell within one year
and actively markets in its current condition for a reasonable price in     
comparison to its estimated fair value is classified as held for sale. Real 
estate held-for-sale is stated at the lower of depreciated cost or estimated
fair value less expected disposition costs and is not depreciated.          

Real Estate Joint Ventures and Other Limited Partnership Interests          

  The Company uses the equity method of accounting for investments in equity
 securities when it has significant influence or at least 20% interest and for
investments in real estate joint ventures and other limited partnership     
interests ("investees") when it has more than a minor ownership interest or 
 more than a minor influence over the investee's operations, but does not have
a controlling financial interest. The Company                               

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

generally recognizes its share of the investee's earnings on a three-month  
lag in instances where the investee's financial information is not          
sufficiently timely or when the investee's reporting period differs from the
Company's reporting period.                                                 

  The Company uses the cost method of accounting for investments in which it
has virtually no influence over the investee's operations. The Company      
recognizes distributions on cost method investments as earned or received.  
 Because of the nature and structure of these cost method investments, they do
not meet the characteristics of an equity security in accordance with       
applicable accounting standards.                                            

The Company routinely evaluates its equity method and cost method       
investments for impairment. For equity method investees, the Company        
considers financial and other information provided by the investee, other   
known information and inherent risks in the underlying investments, as well 
as future capital commitments, in determining whether an impairment has     
occurred. The Company considers its cost method investments for impairment  
when the carrying value of such investments exceeds the net asset value     
("NAV"). The Company takes into consideration the severity and duration of  
this excess when determining whether the cost method investment is impaired.

Short-term Investments                                                      

Short-term investments include securities and other investments with    
remaining maturities of one year or less, but greater than three months, at 
the time of purchase and are stated at estimated fair value or amortized    
cost, which approximates estimated fair value. Short-term investments also  
include investments in affiliated money market pools.                       

Other Invested Assets                                                       

Other invested assets consist principally of the following:             

.  Freestanding derivatives with positive estimated fair values are     
described in "-- Derivatives" below.                              
   .  Loans to affiliates are stated at unpaid principal balance, adjusted for
any unamortized premium or discount.                              
   .  Tax credit and renewable energy partnerships derive a significant source
 of investment return in the form of income tax credits or other tax
  incentives. Where tax credits are guaranteed by a creditworthy third
      party, the investment is accounted for under the effective yield method.
 Otherwise, the investment is accounted for under the equity method.
.  Leveraged leases are recorded net of non-recourse debt. Income on    
leveraged leases is recognized by applying the leveraged lease's  
      estimated rate of return to the net investment in the lease. The Company
regularly reviews residual values for impairment.                 
.  Investments in joint ventures that engage in insurance underwriting  
activities are accounted for under the equity method.             

Securities Lending Program                                                  

   Securities lending transactions, whereby blocks of securities are loaned to
 third parties, primarily brokerage firms and commercial banks, are treated as
 financing arrangements and the associated liability is recorded at the amount
of cash received. The Company obtains collateral at the inception of the    
loan, usually cash, in an amount                                            

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

 generally equal to 102% of the estimated fair value of the securities loaned,
 and maintains it at a level greater than or equal to 100% for the duration of
the loan. The Company is liable to return to the counterparties the cash    
collateral received. Security collateral on deposit from counterparties in  
connection with the securities lending transactions may not be sold or      
 repledged, unless the counterparty is in default, and is not reflected in the
financial statements. The Company monitors the estimated fair value of the  
securities loaned on a daily basis and additional collateral is obtained as 
necessary. Income and expenses associated with securities lending           
transactions are reported as investment income and investment expense,      
respectively, within net investment income.                                 

Derivatives                                                                   

Freestanding Derivatives                                                    

   Freestanding derivatives are carried in the Company's balance sheets either
as assets within other invested assets or as liabilities within other       
liabilities at estimated fair value. The Company does not offset the fair   
value amounts recognized for derivatives executed with the same counterparty
under the same master netting agreement.                                    

   Accruals on derivatives are generally recorded in accrued investment income
or within other liabilities. However, accruals that are not scheduled to    
settle within one year are included with the derivatives carrying value in  
other invested assets or other liabilities.                                 

If a derivative is not designated as an accounting hedge or its use in  
 managing risk does not qualify for hedge accounting, changes in the estimated
fair value of the derivative are reported in net derivative gains (losses)  
except as follows:                                                          

----------------------------------------------------------------------------- 
Statement of Operations Presentation:  Derivative:                            
----------------------------------------------------------------------------- 
Policyholder benefits and claims       .  Economic hedges of variable         
                                    annuity guarantees included in
                            future policy benefits
----------------------------------------------------------------------------- 
Net investment income                  .  Economic hedges of equity method    
                                   investments in joint ventures
----------------------------------------------------------------------------- 

Hedge Accounting                                                            

To qualify for hedge accounting, at the inception of the hedging        
relationship, the Company formally documents its risk management objective  
and strategy for undertaking the hedging transaction, as well as its        
designation of the hedge. Hedge designation and financial statement         
presentation of changes in estimated fair value of the hedging derivatives  
are as follows:                                                             

.  Fair value hedge (a hedge of the estimated fair value of a recognized
      asset or liability) -- in net derivative gains (losses), consistent with
the change in fair value of the hedged item attributable to the   
designated risk being hedged.                                     
.  Cash flow hedge (a hedge of a forecasted transaction or of the       
      variability of cash flows to be received or paid related to a recognized
      asset or liability) -- effectiveness in OCI (deferred gains or losses on
   the derivative are reclassified into the statement of operations when
     the Company's earnings are affected by the variability in cash flows of
 the hedged item); ineffectiveness in net derivative gains (losses).

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

The changes in estimated fair values of the hedging derivatives are     
exclusive of any accruals that are separately reported in the statement of  
operations within interest income or interest expense to match the location 
of the hedged item.                                                         

In its hedge documentation, the Company sets forth how the hedging      
instrument is expected to hedge the designated risks related to the hedged  
item and sets forth the method that will be used to retrospectively and     
prospectively assess the hedging instrument's effectiveness and the method  
that will be used to measure ineffectiveness. A derivative designated as a  
hedging instrument must be assessed as being highly effective in offsetting 
the designated risk of the hedged item. Hedge effectiveness is formally     
assessed at inception and at least quarterly throughout the life of the     
designated hedging relationship. Assessments of hedge effectiveness and     
measurements of ineffectiveness are also subject to interpretation and      
estimation and different interpretations or estimates may have a material   
effect on the amount reported in net income.                                

The Company discontinues hedge accounting prospectively when: (i) it is 
determined that the derivative is no longer highly effective in offsetting  
changes in the estimated fair value or cash flows of a hedged item; (ii) the
derivative expires, is sold, terminated, or exercised; (iii) it is no longer
probable that the hedged forecasted transaction will occur; or (iv) the     
derivative is de-designated as a hedging instrument.                        

When hedge accounting is discontinued because it is determined that the 
derivative is not highly effective in offsetting changes in the estimated   
fair value or cash flows of a hedged item, the derivative continues to be   
carried in the balance sheets at its estimated fair value, with changes in  
estimated fair value recognized in net derivative gains (losses). The       
 carrying value of the hedged recognized asset or liability under a fair value
hedge is no longer adjusted for changes in its estimated fair value due to  
the hedged risk, and the cumulative adjustment to its carrying value is     
amortized into income over the remaining life of the hedged item. Provided  
the hedged forecasted transaction is still probable of occurrence, the      
changes in estimated fair value of derivatives recorded in OCI related to   
discontinued cash flow hedges are released into the statements of operations
when the Company's earnings are affected by the variability in cash flows of
the hedged item.                                                            

   When hedge accounting is discontinued because it is no longer probable that
the forecasted transactions will occur on the anticipated date or within two
months of that date, the derivative continues to be carried in the balance  
sheets at its estimated fair value, with changes in estimated fair value    
recognized currently in net derivative gains (losses). Deferred gains and   
 losses of a derivative recorded in OCI pursuant to the discontinued cash flow
hedge of a forecasted transaction that is no longer probable are recognized 
immediately in net derivative gains (losses).                               

In all other situations in which hedge accounting is discontinued, the  
 derivative is carried at its estimated fair value in the balance sheets, with
changes in its estimated fair value recognized in the current period as net 
derivative gains (losses).                                                  

Embedded Derivatives                                                        

  The Company sells variable annuities and issues certain insurance products
and investment contracts and is a party to certain reinsurance agreements   
 that have embedded derivatives. The Company assesses each identified embedded
 derivative to determine whether it is required to be bifurcated. The embedded
derivative is bifurcated from the host contract and accounted for as a      
freestanding derivative if:                                                 

.  the combined instrument is not accounted for in its entirety at fair 
value with changes in fair value recorded in earnings;            

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

   .  the terms of the embedded derivative are not clearly and closely related
to the economic characteristics of the host contract; and         
.  a separate instrument with the same terms as the embedded derivative 
would qualify as a derivative instrument.                         

Such embedded derivatives are carried in the balance sheets at estimated
fair value with the host contract and changes in their estimated fair value 
are generally reported in net derivative gains (losses). If the Company is  
 unable to properly identify and measure an embedded derivative for separation
from its host contract, the entire contract is carried on the balance sheet 
at estimated fair value, with changes in estimated fair value recognized in 
 the current period in net investment gains (losses) or net investment income.
Additionally, the Company may elect to carry an entire contract on the      
balance sheet at estimated fair value, with changes in estimated fair value 
recognized in the current period in net investment gains (losses) or net    
investment income if that contract contains an embedded derivative that     
requires bifurcation. At inception, the Company attributes to the embedded  
derivative a portion of the projected future guarantee fees to be collected 
from the policyholder equal to the present value of projected future        
guaranteed benefits. Any additional fees represent "excess" fees and are    
reported in universal life and investment-type product policy fees.         

Fair Value                                                                    

Fair value is defined as the price that would be received to sell an asset
or paid to transfer a liability (an exit price) in the principal or most      
advantageous market for the asset or liability in an orderly transaction      
between market participants on the measurement date. In most cases, the exit  
price and the transaction (or entry) price will be the same at initial        
recognition.                                                                  

Subsequent to initial recognition, fair values are based on unadjusted    
quoted prices for identical assets or liabilities in active markets that are  
readily and regularly obtainable. When such quoted prices are not available,  
fair values are based on quoted prices in markets that are not active, quoted 
prices for similar but not identical assets or liabilities, or other          
observable inputs. If these inputs are not available, or observable inputs are
not determinable, unobservable inputs and/or adjustments to observable inputs 
requiring management judgment are used to determine the estimated fair value  
of assets and liabilities.                                                    

Goodwill                                                                      

Goodwill represents the future economic benefits arising from net assets  
acquired in a business combination that are not individually identified and   
recognized. Goodwill is calculated as the excess of cost over the estimated   
fair value of such net assets acquired, is not amortized, and is tested for   
impairment based on a fair value approach at least annually or more frequently
if events or circumstances indicate that there may be justification for       
conducting an interim test. The Company performs its annual goodwill          
impairment testing during the third quarter of each year based upon data as of
the close of the second quarter. Goodwill associated with a business          
acquisition is not tested for impairment during the year the business is      
acquired unless there is a significant identified impairment event.           

The impairment test is performed at the reporting unit level, which is the
operating segment or a business one level below the operating segment, if     
discrete financial information is prepared and regularly reviewed by          
management at that level. For purposes of goodwill impairment testing, if the 
carrying value of a reporting unit                                            

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

exceeds its estimated fair value, there may be an indication of impairment. In
such instances, the implied fair value of the goodwill is determined in the   
same manner as the amount of goodwill that would be determined in a business  
combination. The excess of the carrying value of goodwill over the implied    
fair value of goodwill would be recognized as an impairment and recorded as a 
charge against net income.                                                    

 On an ongoing basis, the Company evaluates potential triggering events that
may affect the estimated fair value of the Company's reporting units to assess
whether any goodwill impairment exists. Deteriorating or adverse market       
conditions for certain reporting units may have a significant impact on the   
estimated fair value of these reporting units and could result in future      
impairments of goodwill.                                                      

Employee Benefit Plans                                                        

Pension, postretirement and postemployment benefits are provided to         
associates under plans sponsored and administered by MLIC, an affiliate of the  
Company. The Company's obligation and expense related to these benefits is      
limited to the amount of associated expense allocated from MLIC.                

Income Tax                                                                    

MetLife Insurance Company of Connecticut and all of its includable        
subsidiaries join with MetLife and its includable subsidiaries in filing a    
consolidated U.S. life and non-life federal income tax return in accordance   
with the provisions of the Internal Revenue Code of 1986, as amended (the     
"Code"). Current taxes (and the benefits of tax attributes such as losses) are
allocated to MetLife Insurance Company of Connecticut and its subsidiaries    
under the consolidated tax return regulations and a tax sharing agreement.    
Under the consolidated tax return regulations, MetLife has elected the        
"percentage method" (and 100 percent under such method) of reimbursing        
companies for tax attributes such as losses. As a result, 100 percent of tax  
attributes such as losses are reimbursed by MetLife to the extent that        
consolidated federal income tax of the consolidated federal tax return group  
is reduced in a year by tax attributes such as losses. Profitable subsidiaries
pay MetLife each year the federal income tax which such profitable subsidiary 
would have paid that year based upon that year's taxable income. If MetLife   
Insurance Company of Connecticut or its includable subsidiaries has current or
prior deductions and credits (including but not limited to losses) which      
reduce the consolidated tax liability of the consolidated federal tax return  
group, the deductions and credits are characterized as realized (or           
realizable) by MetLife Insurance Company of Connecticut and its includable    
subsidiaries when those tax attributes are realized (or realizable) by the    
consolidated federal tax return group, even if MetLife Insurance Company of   
Connecticut or its includable subsidiaries would not have realized the        
attributes on a stand-alone basis under a "wait and see" method.              

The Company's accounting for income taxes represents management's best    
estimate of various events and transactions.                                  

Deferred tax assets and liabilities resulting from temporary differences  
between the financial reporting and tax bases of assets and liabilities are   
measured at the balance sheet date using enacted tax rates expected to apply  
to taxable income in the years the temporary differences are expected to      
reverse.                                                                      

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

The realization of deferred tax assets depends upon the existence of      
sufficient taxable income within the carryback or carryforward periods under  
the tax law in the applicable tax jurisdiction. Valuation allowances are      
established when management determines, based on available information, that  
it is more likely than not that deferred income tax assets will not be        
realized. Factors in management's determination include the performance of the
business and its ability to generate capital gains. Significant judgment is   
required in determining whether valuation allowances should be established, as
well as the amount of such allowances. When making such determination,        
consideration is given to, among other things, the following:                 

.  future taxable income exclusive of reversing temporary differences and   
carryforwards;                                                        
.  future reversals of existing taxable temporary differences;              
.  taxable income in prior carryback years; and                             
.  tax planning strategies.                                                 

The Company may be required to change its provision for income taxes in   
certain circumstances. Examples of such circumstances include when estimates  
used in determining valuation allowances on deferred tax assets significantly 
change or when receipt of new information indicates the need for adjustment in
valuation allowances. Additionally, future events, such as changes in tax     
laws, tax regulations, or interpretations of such laws or regulations, could  
have an impact on the provision for income tax and the effective tax rate. Any
such changes could significantly affect the amounts reported in the financial 
statements in the year these changes occur.                                   

The Company determines whether it is more likely than not that a tax      
position will be sustained upon examination by the appropriate taxing         
authorities before any part of the benefit can be recorded in the financial   
statements. A tax position is measured at the largest amount of benefit that  
is greater than 50% likely of being realized upon settlement. Unrecognized tax
benefits due to tax uncertainties that do not meet the threshold are included 
within other liabilities and are charged to earnings in the period that such  
determination is made.                                                        

  The Company classifies interest recognized as interest expense and penalties
recognized as a component of income tax.                                      

Litigation Contingencies                                                      

The Company is a party to a number of legal actions and is involved in a  
number of regulatory investigations. Given the inherent unpredictability of   
these matters, it is difficult to estimate the impact on the Company's        
financial position. Liabilities are established when it is probable that a    
loss has been incurred and the amount of the loss can be reasonably estimated.
Legal costs are recognized as incurred. On a quarterly and annual basis, the  
Company reviews relevant information with respect to liabilities for          
litigation, regulatory investigations and litigation-related contingencies to 
be reflected in the Company's financial statements.                           

Other Accounting Policies                                                     

Cash and Cash Equivalents                                                   

The Company considers all highly liquid securities and other investments
purchased with an original or remaining maturity of three months or less at 
the date of purchase to be cash equivalents. Cash equivalents are stated at 
amortized cost, which approximates estimated fair value.                    

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Property, Equipment, Leasehold Improvements and Computer Software           

   Property, equipment and leasehold improvements, which are included in other
assets, are stated at cost, less accumulated depreciation and amortization. 
Depreciation is determined using the straight-line method over the estimated
useful lives of the assets, as appropriate. Estimated lives generally range 
from five to 10 years for leasehold improvements, and from three to seven   
years for all other property and equipment. The net book value of the       
property, equipment and leasehold improvements was insignificant at both    
December 31, 2013 and 2012.                                                 

Computer software, which is included in other assets, is stated at cost,
less accumulated amortization. Purchased software costs, as well as certain 
internal and external costs incurred to develop internal-use computer       
software during the application development stage, are capitalized. Such    
 costs are amortized generally over a four-year period using the straight-line
 method. The cost basis of computer software was $200 million and $185 million
at December 31, 2013 and 2012, respectively. Accumulated amortization of    
 capitalized software was $97 million and $92 million at December 31, 2013 and
2012, respectively. Related amortization expense was $5 million, $10 million
and $17 million for the years ended December 31, 2013, 2012 and 2011,       
respectively.                                                               

Other Revenues                                                              

Other revenues include, in addition to items described elsewhere herein,
advisory fees, broker-dealer commissions and fees and administrative service
fees. Such fees and commissions are recognized in the period in which       
services are performed.                                                     

Foreign Currency                                                            

 Assets, liabilities and operations of foreign affiliates and subsidiaries
are recorded based on the functional currency of each entity. The           
determination of the functional currency is made based on the appropriate   
economic and management indicators. The local currencies of foreign         
operations are the functional currencies. Assets and liabilities of foreign 
affiliates and subsidiaries are translated from the functional currency to  
U.S. dollars at the exchange rates in effect at each year-end and income and
expense accounts are translated at the average exchange rates during the    
year. The resulting translation adjustments are charged or credited directly
to OCI, net of applicable taxes. Gains and losses from foreign currency     
transactions, including the effect of re-measurement of monetary assets and 
liabilities to the appropriate functional currency, are reported as part of 
net investment gains (losses) in the period in which they occur.            

Adoption of New Accounting Pronouncements                                       

Effective July 17, 2013, the Company adopted new guidance regarding         
derivatives that permits the Fed Funds Effective Swap Rate (or Overnight Index  
Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting    
purposes, in addition to the United States Treasury and London Interbank        
Offered Rate ("LIBOR"). Also, this new guidance removes the restriction on      
using different benchmark rates for similar hedges. The new guidance did not    
have a material impact on the financial statements upon adoption, but may       
impact the selection of benchmark interest rates for hedging relationships in   
the future.                                                                     

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Effective January 1, 2013, the Company adopted new guidance regarding       
comprehensive income that requires an entity to provide information about the   
amounts reclassified out of accumulated OCI ("AOCI") by component. In addition, 
an entity is required to present, either on the face of the statement where net 
income is presented or in the notes, significant amounts reclassified out of    
AOCI by the respective line items of net income but only if the amount          
reclassified is required under GAAP to be reclassified to net income in its     
entirety in the same reporting period. For other amounts that are not required  
under GAAP to be reclassified in their entirety to net income, an entity is     
required to cross-reference to other disclosures required under GAAP that       
provide additional detail about those amounts. The adoption was prospectively   
applied and resulted in additional disclosures in Note 12.                      

 Effective January 1, 2013, the Company adopted new guidance regarding balance
sheet offsetting disclosures which requires an entity to disclose information   
about offsetting and related arrangements for derivatives, including bifurcated 
embedded derivatives, repurchase and reverse repurchase agreements, and         
securities borrowing and lending transactions, to enable users of its financial 
statements to understand the effects of those arrangements on its financial     
position. Entities are required to disclose both gross information and net      
information about both instruments and transactions eligible for offset in the  
statement of financial position and instruments and transactions subject to an  
agreement similar to a master netting arrangement. The adoption was             
retrospectively applied and resulted in additional disclosures related to       
derivatives in Note 8.                                                          

 On January 1, 2012, the Company adopted new guidance regarding accounting for
DAC, which was retrospectively applied. The guidance specifies that only costs  
related directly to successful acquisition of new or renewal contracts can be   
capitalized as DAC; all other acquisition-related costs must be expensed as     
incurred. As a result, certain sales manager compensation and administrative    
costs previously capitalized by the Company will no longer be deferred.         

On January 1, 2012, the Company adopted new guidance regarding comprehensive
income, which was retrospectively applied, that provides companies with the     
option to present the total of comprehensive income, components of net income,  
and the components of OCI either in a single continuous statement of            
comprehensive income or in two separate but consecutive statements in annual    
financial statements. The standard eliminates the option to present components  
of OCI as part of the statement of changes in stockholders' equity. The Company 
adopted the two-statement approach for annual financial statements.             

Effective January 1, 2012, the Company adopted new guidance on goodwill     
impairment testing that simplifies how an entity tests goodwill for impairment. 
This new guidance allows an entity to first assess qualitative factors to       
determine whether it is more likely than not that the fair value of a reporting 
unit is less than its carrying value as a basis for determining whether it      
needs to perform the quantitative two-step goodwill impairment test. Only if an 
entity determines, based on qualitative assessment, that it is more likely than 
not that a reporting unit's fair value is less than its carrying value will it  
be required to calculate the fair value of the reporting unit. The qualitative  
assessment is optional and the Company is permitted to bypass it for any        
reporting unit in any period and begin its impairment analysis with the         
quantitative calculation. The Company is permitted to perform the qualitative   
assessment in any subsequent period.                                            

Effective January 1, 2012, the Company adopted new guidance regarding fair  
value measurements that establishes common requirements for measuring fair      
value and for disclosing information about fair value measurements in           
accordance with GAAP and International Financial Reporting Standards. Some of   
the                                                                             

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

amendments clarify the Financial Accounting Standards Board's ("FASB") intent   
on the application of existing fair value measurement requirements. Other       
amendments change a particular principle or requirement for measuring fair      
value or for disclosing information about fair value measurements. The adoption 
did not have a material impact on the Company's financial statements other than 
the expanded disclosures in Note 9.                                             

Future Adoption of New Accounting Pronouncements                                

In March 2013, the FASB issued new guidance regarding foreign currency      
(Accounting Standards Update ("ASU") 2013-05, Foreign Currency Matters (Topic   
830): Parent's Accounting for the Cumulative Translation Adjustment upon        
Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign      
Entity or of an Investment in a Foreign Entity), effective prospectively for    
fiscal years and interim reporting periods within those years beginning after   
December 15, 2013. The amendments require an entity that ceases to have a       
controlling financial interest in a subsidiary or group of assets within a      
foreign entity to apply the guidance in Subtopic 830-30, Foreign Currency       
Matters -- Translation of Financial Statements, to release any related          
cumulative translation adjustment into net income. Accordingly, the cumulative  
translation adjustment should be released into net income only if the sale or   
transfer results in the complete or substantially complete liquidation of the   
foreign entity in which the subsidiary or group of assets had resided. For an   
equity method investment that is a foreign entity, the partial sale guidance in 
section 830-30-40, Derecognition, still applies. As such, a pro rata portion of 
the cumulative translation adjustment should be released into net income upon a 
partial sale of such an equity method investment. The Company does not expect   
the adoption of this new guidance to have a material impact on its financial    
statements.                                                                     

In February 2013, the FASB issued new guidance regarding liabilities (ASU   
2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several  
Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at 
the Reporting Date), effective retrospectively for fiscal years beginning after 
December 15, 2013 and interim periods within those years. The amendments        
require an entity to measure obligations resulting from joint and several       
liability arrangements for which the total amount of the obligation within the  
scope of the guidance is fixed at the reporting date, as the sum of the amount  
the reporting entity agreed to pay on the basis of its arrangement among its    
co-obligors and any additional amount the reporting entity expects to pay on    
behalf of its co-obligors. In addition, the amendments require an entity to     
disclose the nature and amount of the obligation, as well as other information  
about the obligation. The Company does not expect the adoption of this new      
guidance to have a material impact on its financial statements.                 

2. Segment Information                                                          

The Company is organized into two segments: Retail and Corporate Benefit    
Funding. In addition, the Company reports certain of its results of operations  
in Corporate & Other.                                                           

Retail                                                                          

The Retail segment offers a broad range of protection products and a variety
of annuities primarily to individuals, and is organized into two businesses:    
Annuities and Life & Other. Annuities includes a variety of variable, fixed and 
indexed annuities which provide for both asset accumulation and asset           
distribution needs. Life & Other insurance products and services include        
variable life, universal life, term life and whole life products, as well as    
individual disability income products. Additionally, through broker-dealer      
affiliates, the Company offers a full range of mutual funds and other           
securities products.                                                            

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

Corporate Benefit Funding                                                       

The Corporate Benefit Funding segment offers a broad range of annuity and   
investment products, including guaranteed interest products and other stable    
value products, income annuities, and separate account contracts for the        
investment management of defined benefit and defined contribution plan assets.  
This segment also includes structured settlements and certain products to fund  
company-, bank- or trust-owned life insurance used to finance non-qualified     
benefit programs for executives.                                                

Corporate & Other                                                               

Corporate & Other contains the excess capital not allocated to the segments,
various start-up businesses, including direct and digital marketing products,   
run-off businesses, the Company's ancillary international operations, interest  
expense related to the majority of the Company's outstanding debt, as well as   
expenses associated with certain legal proceedings and income tax audit issues. 
Corporate & Other also includes the elimination of intersegment amounts.        

Financial Measures and Segment Accounting Policies                              

Operating earnings is the measure of segment profit or loss the Company uses
to evaluate segment performance and allocate resources. Consistent with GAAP    
guidance for segment reporting, operating earnings is the Company's measure of  
segment performance and is reported below. Operating earnings should not be     
viewed as a substitute for income (loss) from continuing operations, net of     
income tax. The Company believes the presentation of operating earnings as the  
Company measures it for management purposes enhances the understanding of its   
performance by highlighting the results of operations and the underlying        
profitability drivers of the business.                                          

Operating earnings is defined as operating revenues less operating expenses,
both net of income tax.                                                         

Operating revenues excludes net investment gains (losses) and net derivative
gains (losses). Operating expenses excludes goodwill impairments.               

The following additional adjustments are made to GAAP revenues, in the line 
items indicated, in calculating operating revenues:                             

.  Universal life and investment-type product policy fees excludes the  
amortization of unearned revenue related to net investment gains  
     (losses) and net derivative gains (losses) and certain variable annuity
GMIB fees ("GMIB Fees"); and                                      

.  Net investment income: (i) includes amounts for scheduled periodic   
     settlement payments and amortization of premium on derivatives that are
      hedges of investments or that are used to replicate certain investments,
     but do not qualify for hedge accounting treatment, (ii) includes income
from discontinued real estate operations, (iii) excludes post-tax 
 operating earnings adjustments relating to insurance joint ventures
  accounted for under the equity method, (iv) excludes certain amounts
related to contractholder-directed unit-linked investments, and   
      (v) excludes certain amounts related to securitization entities that are
VIEs consolidated under GAAP.                                     

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

The following additional adjustments are made to GAAP expenses, in the line 
items indicated, in calculating operating expenses:                             

 .  Policyholder benefits and claims excludes: (i) amounts associated with
periodic crediting rate adjustments based on the total return of a
      contractually referenced pool of assets, (ii) benefits and hedging costs
 related to GMIBs ("GMIB Costs"), and (iii) market value adjustments
    associated with surrenders or terminations of contracts ("Market Value
Adjustments");                                                    

  .  Interest credited to policyholder account balances includes adjustments
    for scheduled periodic settlement payments and amortization of premium
 on derivatives that are hedges of PABs but do not qualify for hedge
 accounting treatment and excludes amounts related to net investment
income earned on contractholder-directed unit-linked investments; 

.  Amortization of DAC and VOBA excludes amounts related to: (i) net    
    investment gains (losses) and net derivative gains (losses), (ii) GMIB
Fees and GMIB Costs, and (iii) Market Value Adjustments;          

.  Interest expense on debt excludes certain amounts related to         
securitization entities that are VIEs consolidated under GAAP; and

.  Other expenses excludes costs related to: (i) implementation of new  
     insurance regulatory requirements, and (ii) acquisition and integration
costs.                                                            

 Set forth in the tables below is certain financial information with respect
to the Company's segments, as well as Corporate & Other, for the years ended  
December 31, 2013, 2012 and 2011 and at December 31, 2013 and 2012. The       
segment accounting policies are the same as those used to prepare the         
Company's consolidated financial statements, except for operating earnings    
adjustments as defined above. In addition, segment accounting policies include
the method of capital allocation described below.                             

 Economic capital is an internally developed risk capital model, the purpose
of which is to measure the risk in the business and to provide a basis upon   
which capital is deployed. The economic capital model accounts for the unique 
and specific nature of the risks inherent in MetLife's and the Company's      
business.                                                                     

MetLife's economic capital model aligns segment allocated equity with     
emerging standards and consistent risk principles. The model applies          
statistics-based risk evaluation principles to the material risks to which the
Company is exposed. These consistent risk principles include calibrating      
required economic capital shock factors to a specific confidence level and    
time horizon and applying an industry standard method for the inclusion of    
diversification benefits among risk types.                                    

Segment net investment income is credited or charged based on the level of
allocated equity; however, changes in allocated equity do not impact the      
Company's consolidated net investment income, operating earnings or income    
(loss) from continuing operations, net of income tax.                         

Net investment income is based upon the actual results of each segment's  
specifically identifiable investment portfolios adjusted for allocated equity.
Other costs are allocated to each of the segments based upon: (i) a review of 
the nature of such costs; (ii) time studies analyzing the amount of employee  
compensation costs incurred by each segment; and (iii) cost estimates included
in the Company's product pricing.                                             

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

                                                        [Enlarge/Download Table]

                                                                  Operating Earnings                                   
                                                         -------------------------------------                         
                                                                  Corporate                                            
                                                                   Benefit  Corporate                         Total    
Year Ended December 31, 2013                              Retail   Funding   & Other   Total   Adjustments Consolidated
-------------------------------------------------------- -------- --------- --------- -------- ----------- ------------
                                                                                 (In millions)                         
                                                                                                                       
Revenues                                                                                                               
Premiums................................................ $    387  $   184   $    35  $    606 $       --   $      606 
Universal life and investment-type product policy fees..    2,155       35        --     2,190        146        2,336 
Net investment income...................................    1,614    1,162       112     2,888       (36)        2,852 
Other revenues..........................................      587        5        --       592         --          592 
Net investment gains (losses)...........................       --       --        --        --         82           82 
Net derivative gains (losses)...........................       --       --        --        --    (1,052)      (1,052) 
                                                         --------  -------   -------  -------- ----------   ---------- 
  Total revenues........................................    4,743    1,386       147     6,276      (860)        5,416 
                                                         --------  -------   -------  -------- ----------   ---------- 
Expenses                                                                                                               
Policyholder benefits and claims........................      737      749        14     1,500        207        1,707 
Interest credited to policyholder account balances......      906      136        --     1,042        (5)        1,037 
Goodwill impairment.....................................       --       --        --        --         66           66 
Capitalization of DAC...................................    (475)      (2)      (27)     (504)         --        (504) 
Amortization of DAC and VOBA............................      552        5         1       558      (508)           50 
Interest expense on debt................................       --       --        68        68        122          190 
Other expenses..........................................    1,816       36        71     1,923         --        1,923 
                                                         --------  -------   -------  -------- ----------   ---------- 
  Total expenses........................................    3,536      924       127     4,587      (118)        4,469 
                                                         --------  -------   -------  -------- ----------   ---------- 
Provision for income tax expense (benefit)..............      395      162      (86)       471      (244)          227 
                                                         --------  -------   -------  -------- ----------   ---------- 
Operating earnings...................................... $    812  $   300   $   106     1,218                         
                                                         ========  =======   =======                                   
Adjustments to:.........................................                                                               
  Total revenues........................................                                 (860)                         
  Total expenses........................................                                   118                         
  Provision for income tax (expense) benefit............                                   244                         
                                                                                      --------                         
Income (loss) from continuing operations, net of income                                                                
 tax....................................................                              $    720              $      720 
                                                                                      ========              ========== 
                                                                [Download Table]

                                         Corporate                       
                                          Benefit  Corporate &           
At December 31, 2013            Retail    Funding     Other      Total   
----------------------------- ---------- --------- ----------- ----------
                                             (In millions)               
                                                                         
Total assets................. $  146,515 $  30,822  $  10,702  $  188,039
Separate account assets...... $   95,692 $   2,088  $      --  $   97,780
Separate account liabilities. $   95,692 $   2,088  $      --  $   97,780

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

                                                        [Enlarge/Download Table]

                                                                   Operating Earnings                                    
                                                         ---------------------------------------                         
                                                                  Corporate                                              
                                                                   Benefit  Corporate &                         Total    
Year Ended December 31, 2012                              Retail   Funding     Other     Total   Adjustments Consolidated
-------------------------------------------------------- -------- --------- ----------- -------- ----------- ------------
                                                                                  (In millions)                          
                                                                                                                         
Revenues                                                                                                                 
Premiums................................................ $    498 $    629   $    134   $  1,261 $       --  $     1,261 
Universal life and investment-type product policy fees..    2,081       29         14      2,124        137        2,261 
Net investment income...................................    1,525    1,167        185      2,877         75        2,952 
Other revenues..........................................      505        6         --        511         --          511 
Net investment gains (losses)...........................       --       --         --         --        152          152 
Net derivative gains (losses)...........................       --       --         --         --      1,003        1,003 
                                                         -------- --------   --------   -------- ----------  ----------- 
  Total revenues........................................    4,609    1,831        333      6,773      1,367        8,140 
                                                         -------- --------   --------   -------- ----------  ----------- 
Expenses                                                                                                                 
Policyholder benefits and claims........................      738    1,161        128      2,027        362        2,389 
Interest credited to policyholder account balances......      943      162         --      1,105         42        1,147 
Goodwill impairment.....................................       --       --         --         --        394          394 
Capitalization of DAC...................................    (848)      (5)       (33)      (886)         --        (886) 
Amortization of DAC and VOBA............................      666       10          2        678        357        1,035 
Interest expense on debt................................       --       --         68         68        163          231 
Other expenses..........................................    2,229       39         66      2,334          6        2,340 
                                                         -------- --------   --------   -------- ----------  ----------- 
  Total expenses........................................    3,728    1,367        231      5,326      1,324        6,650 
                                                         -------- --------   --------   -------- ----------  ----------- 
Provision for income tax expense (benefit)..............      332      162       (30)        464       (92)          372 
                                                         -------- --------   --------   --------             ----------- 
Operating earnings...................................... $    549 $    302   $    132        983                         
                                                         ======== ========   ========                                    
Adjustments to:                                                                                                          
  Total revenues........................................                                   1,367                         
  Total expenses........................................                                 (1,324)                         
  Provision for income tax (expense) benefit............                                      92                         
                                                                                        --------                         
Income (loss) from continuing operations, net of income                                                                  
 tax....................................................                                $  1,118             $     1,118 
                                                                                        ========             =========== 
                                                                [Download Table]

                                         Corporate                     
                                          Benefit  Corporate           
At December 31, 2012            Retail    Funding   & Other    Total   
----------------------------- ---------- --------- --------- ----------
                                            (In millions)              
                                                                       

Total assets................. $  136,074  $33,140  $  15,323 $  184,537
Separate account assets...... $   84,106  $ 2,008  $      -- $   86,114
Separate account liabilities. $   84,106  $ 2,008  $      -- $   86,114

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

                                                        [Enlarge/Download Table]

                                                                    Operating Earnings                                     
                                                         -----------------------------------------                         
                                                                    Corporate                                              
                                                                     Benefit  Corporate                           Total    
Year Ended December 31, 2011                               Retail    Funding   & Other    Total    Adjustments Consolidated
-------------------------------------------------------- ---------- --------- --------- ---------- ----------- ------------
                                                                                   (In millions)                           
                                                                                                                           
Revenues                                                                                                                   
Premiums................................................ $      710  $  1,071  $     47 $    1,828 $        --  $     1,828
Universal life and investment-type product policy fees..      1,764        34        36      1,834         122        1,956
Net investment income...................................      1,423     1,175       181      2,779         295        3,074
Other revenues..........................................        502         5         1        508          --          508
Net investment gains (losses)...........................         --        --        --         --          35           35
Net derivative gains (losses)...........................         --        --        --         --       1,096        1,096
                                                         ----------  --------  -------- ---------- -----------  -----------
  Total revenues........................................      4,399     2,285       265      6,949       1,548        8,497
                                                         ----------  --------  -------- ---------- -----------  -----------
Expenses                                                                                                                   
Policyholder benefits and claims........................        896     1,598        46      2,540         120        2,660
Interest credited to policyholder account balances......        988       180        --      1,168          21        1,189
Goodwill impairment.....................................         --        --        --         --          --           --
Capitalization of DAC...................................    (1,301)       (7)      (57)    (1,365)          --      (1,365)
Amortization of DAC and VOBA............................        791         4         6        801         358        1,159
Interest expense on debt................................         --        --        67         67         322          389
Other expenses..........................................      2,568        42       163      2,773          25        2,798
                                                         ----------  --------  -------- ---------- -----------  -----------
  Total expenses........................................      3,942     1,817       225      5,984         846        6,830
                                                         ----------  --------  -------- ---------- -----------  -----------
Provision for income tax expense (benefit)..............        161       164      (70)        255         238          493
                                                         ----------  --------  -------- ----------              -----------
Operating earnings...................................... $      296  $    304  $    110        710                         
                                                         ==========  ========  ========                                    
Adjustments to:                                                                                                            
  Total revenues........................................                                     1,548                         
  Total expenses........................................                                     (846)                         
  Provision for income tax (expense) benefit............                                     (238)                         
                                                                                        ----------                         
Income (loss) from continuing operations, net of income                                                                    
 tax....................................................                                $    1,174              $     1,174
                                                                                        ==========              ===========

The following table presents total premiums, universal life and             
investment-type product policy fees and other revenues by major product groups  
of the Company's segments, as well as Corporate & Other:                        

                                                                [Download Table]

                                Years Ended December 31, 
                               --------------------------
                                 2013     2012     2011  
                               -------- -------- --------
                                     (In millions)       
                                                         
Life insurance (1)............ $  3,528 $  4,026 $  4,285
Accident and health insurance.        6        7        7
                               -------- -------- --------
 Total........................ $  3,534 $  4,033 $  4,292
                               ======== ======== ========

--------                                                                        

(1) Includes annuities and corporate benefit funding products.                  

Revenues derived from any customer did not exceed 10% of consolidated       
premiums, universal life and investment-type product policy fees and other      
revenues for the years ended December 31, 2013, 2012 and 2011.                  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

The following table presents total premiums, universal life and             
investment-type product policy fees and other revenues associated with the      
Company's U.S. and foreign operations:                                          

                                                                [Download Table]

                  Years Ended December 31, 
                 --------------------------
                   2013     2012     2011  
                 -------- -------- --------
                       (In millions)       
                                           
U.S............. $  3,442 $  3,329 $  3,222
Foreign:                                   
 United Kingdom.       92      556      986
 Other (1)......       --      148       84
                 -------- -------- --------
   Total........ $  3,534 $  4,033 $  4,292
                 ======== ======== ========

--------                                                                        

(1)See Note 3 for information on the disposition of a subsidiary.               

3. Dispositions                                                                 

Disposition                                                                     

In June 2012, the Company distributed all of the issued and outstanding     
shares of common stock of its wholly-owned subsidiary, MetLife Europe Limited   
("MetLife Europe") to its stockholders as an in-kind dividend. The net book     
value of MetLife Europe at the time of the dividend was $290 million which was  
recorded as a dividend of retained earnings of $347 million and an increase to  
OCI of $57 million, net of income tax. As of the date of dividend, the Company  
no longer consolidates the assets, liabilities and operations of MetLife        
Europe. The net income of MetLife Europe was not material to the Company for    
the periods prior to the dividend. The results of MetLife Europe were reported  
in Corporate & Other. See Note 2 for a discussion of Corporate & Other.         

Discontinued Operations                                                         

The following table summarizes the amounts that have been reflected as      
discontinued operations in the consolidated statements of operations. Income    
(loss) from discontinued operations includes real estate classified as          
held-for-sale or sold.                                                          

                                                        [Enlarge/Download Table]

                                                               Year Ended December 31, 2012
                                                               ----------------------------
                                                                      (In millions)        
                                                                                           
Total revenues................................................        $                  12
Total expenses................................................                           --
                                                                      ---------------------
Income (loss) before provision for income tax.................                           12
Provision for income tax expense (benefit)....................                            4
                                                                      ---------------------
Income (loss) from discontinued operations, net of income tax.        $                   8
                                                                      =====================

There was no income (loss) from discontinued operations, net of income tax, 
for both of the years ended December 31, 2013 and 2011.                         

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance                                                                    

Insurance Liabilities                                                           

Insurance liabilities, including affiliated insurance liabilities on        
reinsurance assumed and ceded, are comprised of future policy benefits, PABs    
and other policy-related balances. Information regarding insurance liabilities  
by segment, as well as Corporate & Other, was as follows at:                    

                                                                [Download Table]

                              December 31,    
                           -------------------
                             2013      2012   
                           --------- ---------
                              (In millions)   
                                              
Retail.................... $  35,844 $  37,642
Corporate Benefit Funding.    22,222    23,766
Corporate & Other.........     6,542     6,289
                           --------- ---------
 Total.................... $  64,608 $  67,697
                           ========= =========

See Note 6 for discussion of affiliated reinsurance liabilities included in 
the table above.                                                                

Future policy benefits are measured as follows:                             

Product Type:                        Measurement Assumptions:               
--------------------------------------------------------------------------- 
Participating life                   Aggregate of net level premium         
                              reserves for death and endowment
                               policy benefits (calculated based
                                   upon the non-forfeiture interest rate
                                   of 4%, and mortality rates guaranteed
                               in calculating the cash surrender
                                  values described in such contracts).
--------------------------------------------------------------------------- 
Nonparticipating life                Aggregate of the present value of      
                                  expected future benefit payments and
                               related expenses less the present
                          value of expected future net
                                   premiums. Assumptions as to mortality
                                and persistency are based upon the
                                 Company's experience when the basis
                              of the liability is established.
                               Interest rate assumptions for the
                             aggregate future policy benefit
                              liabilities range from 2% to 7%.
--------------------------------------------------------------------------- 
Individual and group traditional     Present value of expected future       
fixed annuities after annuitization  payments. Interest rate assumptions    
                                   used in establishing such liabilities
                  range from 4% to 8%.
--------------------------------------------------------------------------- 
Non-medical health insurance         The net level premium method and       
                                 assumptions as to future morbidity,
                             withdrawals and interest, which
                          provide a margin for adverse
                                  deviation. Interest rate assumptions
                                   used in establishing such liabilities
                  range from 4% to 7%.
--------------------------------------------------------------------------- 
Disabled lives                       Present value of benefits method and   
                                experience assumptions as to claim
                                  terminations, expenses and interest.
                               Interest rate assumptions used in
                                 establishing such liabilities range
            from 3% to 7%.
--------------------------------------------------------------------------- 

Participating business represented 3% and 2% of the Company's life insurance
in-force at December 31, 2013 and 2012, respectively. Participating policies    
represented 32%, 24% and 10% of gross life insurance premiums for the years     
ended December 31, 2013, 2012 and 2011, respectively.                           

PABs are equal to: (i) policy account values, which consist of an           
accumulation of gross premium payments; (ii) credited interest, ranging from 1% 
to 8%, less expenses, mortality charges and withdrawals; and (iii) fair value   
adjustments relating to business combinations.                                  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

Guarantees                                                                      

The Company issues variable annuity products with guaranteed minimum        
benefits. The non-life contingent portion of GMWBs and the portion of certain   
GMIBs that does not require annuitization are accounted for as embedded         
derivatives in PABs and are further discussed in Note 8. Guarantees accounted   
for as insurance liabilities include:                                           

                                                        [Enlarge/Download Table]
                                                                                                 
Guarantee:                                    Measurement Assumptions:                           
-------------------------------------------------------------------------------------------------
GMDBs  .  A return of purchase payment upon   Present value of expected death benefits in        
          death even if the account value is    excess of the projected account balance          
          reduced to zero.                      recognizing the excess ratably over the          
                                                accumulation period based on the present         
                                                value of total expected assessments.             

       .  An enhanced death benefit may be    Assumptions are consistent with those used         
          available for an additional fee.      for amortizing DAC, and are thus subject to      
                                                the same variability and risk.                   

                                              Investment performance and volatility              
                                                assumptions are consistent with the historical   
                                                experience of the appropriate underlying         
                                                equity index, such as the S&P 500 Index.         

                                              Benefit assumptions are based on the average       
                                                benefits payable over a range of scenarios.      
-------------------------------------------------------------------------------------------------
GMIBs  .  After a specified period of time    Present value of expected income benefits in       
          determined at the time of issuance    excess of the projected account balance at       
          of the variable annuity contract,     any future date of annuitization and             
          a minimum accumulation of purchase    recognizing the excess ratably over the          
          payments, even if the account         accumulation period based on present value       
          value is reduced to zero, that can    of total expected assessments.                   
          be annuitized to receive a monthly                                                     
          income stream that is not less                                                         
          than a specified amount.                                                               
       .  Certain contracts also provide for  Assumptions are consistent with those used         
          a guaranteed lump sum return of       for estimating GMDB liabilities.                 
          purchase premium in lieu of the                                                        
          annuitization benefit.                                                                 

                                              Calculation incorporates an assumption for         
                                                the percentage of the potential annuitizations   
                                                that may be elected by the contractholder.       
-------------------------------------------------------------------------------------------------
GMWBs. .  A return of purchase payment via    Expected value of the life contingent              
          partial withdrawals, even if the      payments and expected assessments using          
          account value is reduced to zero,     assumptions consistent with those used for       
          provided that cumulative              estimating the GMDB liabilities.                 
          withdrawals in a contract year do                                                      
          not exceed a certain limit.                                                            

       .  Certain contracts include                                                              
          guaranteed withdrawals that are                                                        
          life contingent.                                                                       

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

Information regarding the liabilities for guarantees (excluding base policy 
liabilities and embedded derivatives) relating to annuity and universal and     
variable life contracts was as follows:                                         

                                                                [Download Table]

                                                Universal and          
                                                Variable Life          
                              Annuity Contracts   Contracts            
                              ----------------- -------------          
                                                  Secondary            
                               GMDBs    GMIBs    Guarantees     Total  
                              -------- -------- ------------- ---------
                                            (In millions)              
                                                                       
Direct                                                                 
Balance at January 1, 2011... $     79 $    281     $     896 $   1,256
Incurred guaranteed benefits.       84      128           140       352
Paid guaranteed benefits.....     (25)       --            --      (25)
                              -------- --------     --------- ---------
Balance at December 31, 2011.      138      409         1,036     1,583
Incurred guaranteed benefits.      108      402           332       842
Paid guaranteed benefits.....     (29)       --            --      (29)
                              -------- --------     --------- ---------
Balance at December 31, 2012.      217      811         1,368     2,396
Incurred guaranteed benefits.      155      127           415       697
Paid guaranteed benefits.....     (17)       --            --      (17)
                              -------- --------     --------- ---------
Balance at December 31, 2013. $    355 $    938     $   1,783 $   3,076
                              ======== ========     ========= =========
Ceded                                                                  
Balance at January 1, 2011... $     76 $     97     $     657 $     830
Incurred guaranteed benefits.       59       42           110       211
Paid guaranteed benefits.....     (21)       --            --      (21)
                              -------- --------     --------- ---------
Balance at December 31, 2011.      114      139           767     1,020
Incurred guaranteed benefits.       56      129           267       452
Paid guaranteed benefits.....     (25)       --            --      (25)
                              -------- --------     --------- ---------
Balance at December 31, 2012.      145      268         1,034     1,447
Incurred guaranteed benefits.       85       31           334       450
Paid guaranteed benefits.....     (15)       --            --      (15)
                              -------- --------     --------- ---------
Balance at December 31, 2013. $    215 $    299     $   1,368 $   1,882
                              ======== ========     ========= =========
Net                                                                    
Balance at January 1, 2011... $      3 $    184     $     239 $     426
Incurred guaranteed benefits.       25       86            30       141
Paid guaranteed benefits.....      (4)       --            --       (4)
                              -------- --------     --------- ---------
Balance at December 31, 2011.       24      270           269       563
Incurred guaranteed benefits.       52      273            65       390
Paid guaranteed benefits.....      (4)       --            --       (4)
                              -------- --------     --------- ---------
Balance at December 31, 2012.       72      543           334       949
Incurred guaranteed benefits.       70       96            81       247
Paid guaranteed benefits.....      (2)       --            --       (2)
                              -------- --------     --------- ---------
Balance at December 31, 2013. $    140 $    639     $     415 $   1,194
                              ======== ========     ========= =========

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

Account balances of contracts with insurance guarantees were invested in    
separate account asset classes as follows at:                                   

                                                                [Download Table]

                    December 31,    
                 -------------------
                   2013      2012   
                 --------- ---------
                    (In millions)   
                                    
Fund Groupings:                     
Equity.......... $  46,559 $  39,113
Balanced........    41,894    37,528
Bond............     4,270     4,678
Money Market....       789       879
                 --------- ---------
 Total.......... $  93,512 $  82,198
                 ========= =========

Based on the type of guarantee, the Company defines net amount at risk      
("NAR") as listed below.                                                        

Variable Annuity Guarantees                                                   

In the Event of Death                                                       

 Defined as the death benefit less the total contract account value, as of
the balance sheet date. It represents the amount of the claim that the      
Company would incur if death claims were filed on all contracts on the      
balance sheet date and includes any additional contractual claims associated
  with riders purchased to assist with covering income taxes payable upon death.

At Annuitization                                                            

Defined as the amount (if any) that would be required to be added to the
total contract account value to purchase a lifetime income stream, based on 
current annuity rates, equal to the minimum amount provided under the       
guaranteed benefit. This amount represents the Company's potential economic 
exposure to such guarantees in the event all contractholders were to        
annuitize on the balance sheet date, even though the contracts contain terms
that allow annuitization of the guaranteed amount only after the 10th       
anniversary of the contract, which not all contractholders have achieved.   

Universal and Variable Life Contracts                                         

Defined as the guarantee amount less the account value, as of the balance 
sheet date. It represents the amount of the claim that the Company would incur
if death claims were filed on all contracts on the balance sheet date.        

 The amounts in the table below include direct business, but exclude offsets
from hedging or reinsurance, if any. See Note 6 for a discussion of certain   
living and death benefit guarantees which have been reinsured. Therefore, the 
NARs presented below reflect the economic exposures of living and death       
benefit guarantees associated with variable annuities, but not necessarily    
their impact on the Company.                                                  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

 Information regarding the types of guarantees relating to annuity contracts
and universal and variable life contracts was as follows at:                  

                                                        [Enlarge/Download Table]

                                                               December 31,                       
                                         ---------------------------------------------------------
                                                     2013                         2012            
                                         ---------------------------- ----------------------------
                                             In the          At           In the          At      
                                         Event of Death Annuitization Event of Death Annuitization
                                         -------------- ------------- -------------- -------------
                                                               (In millions)                      
                                                                                                  
Annuity Contracts (1)                                                                             
Variable Annuity Guarantees                                                                       
Total contract account value............  $   100,420    $    57,041   $    89,671    $    51,411 
Separate account value..................  $    95,637    $    55,805   $    84,106    $    49,778 
Net amount at risk......................  $     2,230    $       562   $     3,117    $     2,316 
Average attained age of contractholders.     64 years       64 years      63 years       63 years 

                                                                [Download Table]

                                                   December 31,      
                                              -----------------------
                                                 2013        2012    
                                              ----------- -----------
                                               Secondary Guarantees  
                                              -----------------------
                                                   (In millions)     
                                                                     
Universal and Variable Life Contracts (1)                            
Account value (general and separate account). $     6,360 $     5,812
Net amount at risk........................... $    91,264 $    86,468
Average attained age of policyholders........    58 years    58 years

--------                                                                        

(1)The Company's annuity and life contracts with guarantees may offer more than 
 one type of guarantee in each contract. Therefore, the amounts listed above
may not be mutually exclusive.                                            

Obligations Under Funding Agreements                                            

The Company issues fixed and floating rate funding agreements, which are    
denominated in either U.S. dollars or foreign currencies, to certain special    
purpose entities ("SPEs") that have issued either debt securities or commercial 
paper for which payment of interest and principal is secured by such funding    
agreements. During the years ended December 31, 2013, 2012 and 2011, the        
Company issued $10.9 billion, $10.3 billion and $12.5 billion, respectively,    
and repaid $11.7 billion, $9.6 billion and $13.4 billion, respectively, of such 
funding agreements. At December 31, 2013 and 2012, liabilities for funding      
agreements outstanding, which are included in PABs, were $5.3 billion and $6.1  
billion, respectively.                                                          

 MetLife Insurance Company of Connecticut and MLI-USA, are members of regional
banks in the Federal Home Loan Bank ("FHLB") system ("FHLBanks"). Holdings of   
common stock of FHLBanks, included in equity securities, were as follows at:    

                                                                [Download Table]

                        December 31,     
                    ---------------------
                       2013       2012   
                    ---------- ----------
                        (In millions)    
                                         
FHLB of Boston..... $       64 $       67
FHLB of Pittsburgh. $       20 $       11

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

The Company has also entered into funding agreements with FHLBanks and the  
Federal Agricultural Mortgage Corporation, a federally chartered                
instrumentality of the U.S. ("Farmer Mac"). The liability for such funding      
agreements is included in PABs. Information related to such funding agreements  
was as follows at:                                                              

                                                                [Download Table]

                             Liability           Collateral      
                        ------------------- ---------------------
                                      December 31,               
                        -----------------------------------------
                          2013      2012       2013       2012   
                        --------- --------- ---------- ----------
                                      (In millions)              
                                                                 
FHLB of Boston (1)..... $     450 $     450 $  808 (2) $  537 (2)
Farmer Mac (3)......... $     200 $     200 $      230 $      230
FHLB of Pittsburgh (1). $     200 $      -- $  602 (2) $  595 (2)

--------                                                                        

(1)Represents funding agreements issued to the applicable FHLBank in exchange   
for cash and for which such FHLBank has been granted a lien on certain    
assets, some of which are in the custody of such FHLBank, including       
residential mortgage-backed securities ("RMBS"), to collateralize         
obligations under advances evidenced by funding agreements. The Company is
permitted to withdraw any portion of the collateral in the custody of such
 FHLBank as long as there is no event of default and the remaining qualified
collateral is sufficient to satisfy the collateral maintenance level. Upon
any event of default by the Company, such FHLBank's recovery on the       
collateral is limited to the amount of the Company's liability to such    
FHLBank.                                                                  

(2)Advances are collateralized by mortgage-backed securities. The amount of     
collateral presented is at estimated fair value.                          

(3)Represents funding agreements issued to certain SPEs that have issued debt   
securities for which payment of interest and principal is secured by such 
funding agreements, and such debt securities are also guaranteed as to    
  payment of interest and principal by Farmer Mac. The obligations under these
 funding agreements are secured by a pledge of certain eligible agricultural
 real estate mortgage loans and may, under certain circumstances, be secured
by other qualified collateral. The amount of collateral presented is at   
carrying value.                                                           

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

Liabilities for Unpaid Claims and Claim Expenses                                

Information regarding the liabilities for unpaid claims and claim expenses  
relating to group accident and non-medical health policies and contracts, which 
are reported in future policy benefits and other policy-related balances, was   
as follows:                                                                     

                                                                [Download Table]

                                  Years Ended December 31, 
                                 --------------------------
                                   2013     2012     2011  
                                 -------- -------- --------
                                       (In millions)       
                                                           
Balance at January 1,........... $  1,216 $  1,079 $    978
 Less: Reinsurance recoverables.    1,124      980      878
                                 -------- -------- --------
Net balance at January 1,.......       92       99      100
                                 -------- -------- --------
Incurred related to:                                       
 Current year...................        5        5        5
 Prior years (1)................        4      (2)        4
                                 -------- -------- --------
   Total incurred...............        9        3        9
                                 -------- -------- --------
Paid related to:                                           
 Current year...................       --       --       --
 Prior years....................     (11)     (10)     (10)
                                 -------- -------- --------
   Total paid...................     (11)     (10)     (10)
                                 -------- -------- --------
Net balance at December 31,.....       90       92       99
 Add: Reinsurance recoverables..    1,235    1,124      980
                                 -------- -------- --------
Balance at December 31,......... $  1,325 $  1,216 $  1,079
                                 ======== ======== ========

--------                                                                        

(1)During 2013, 2012 and 2011, claims and claim adjustment expenses associated  
  with prior years changed due to differences between the actual benefits paid
and expected benefits owed during those periods.                          

Separate Accounts                                                               

Separate account assets and liabilities primarily include pass-through      
separate accounts totaling $97.6 billion and $85.9 billion at December 31, 2013 
and 2012, respectively, for which the policyholder assumes all investment risk. 

For the years ended December 31, 2013, 2012 and 2011, there were no         
investment gains (losses) on transfers of assets from the general account to    
the separate accounts.                                                          

5. Deferred Policy Acquisition Costs, Value of Business Acquired and Other      
Policy-Related Intangibles                                                      

See Note 1 for a description of capitalized acquisition costs.              

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

5.Deferred Policy Acquisition Costs, Value of Business Acquired and Other       
Policy-Related Intangibles (continued)                                      

Nonparticipating and Non-Dividend-Paying Traditional Contracts                  

 The Company amortizes DAC and VOBA related to these contracts (primarily term
insurance) over the appropriate premium paying period in proportion to the      
historic actual and expected future gross premiums that were set at contract    
issue. The expected premiums are based upon the premium requirement of each     
policy and assumptions for mortality, persistency and investment returns at     
policy issuance, or policy acquisition (as it relates to VOBA), include         
provisions for adverse deviation, and are consistent with the assumptions used  
to calculate future policyholder benefit liabilities. These assumptions are not 
revised after policy issuance or acquisition unless the DAC or VOBA balance is  
deemed to be unrecoverable from future expected profits. Absent a premium       
deficiency, variability in amortization after policy issuance or acquisition is 
caused only by variability in premium volumes.                                  

Participating, Dividend-Paying Traditional Contracts                            

 The Company amortizes DAC related to these contracts over the estimated lives
of the contracts in proportion to actual and expected future gross margins. The 
amortization includes interest based on rates in effect at inception or         
acquisition of the contracts. The future gross margins are dependent            
principally on investment returns, policyholder dividend scales, mortality,     
persistency, expenses to administer the business, creditworthiness of           
reinsurance counterparties and certain economic variables, such as inflation.   
Of these factors, the Company anticipates that investment returns, expenses,    
persistency and other factor changes, as well as policyholder dividend scales   
are reasonably likely to impact significantly the rate of DAC amortization.     
Each reporting period, the Company updates the estimated gross margins with the 
actual gross margins for that period. When the actual gross margins change from 
previously estimated gross margins, the cumulative DAC amortization is          
re-estimated and adjusted by a cumulative charge or credit to current           
operations. When actual gross margins exceed those previously estimated, the    
DAC amortization will increase, resulting in a current period charge to         
earnings. The opposite result occurs when the actual gross margins are below    
the previously estimated gross margins. Each reporting period, the Company also 
updates the actual amount of business in-force, which impacts expected future   
gross margins. When expected future gross margins are below those previously    
estimated, the DAC amortization will increase, resulting in a current period    
charge to earnings. The opposite result occurs when the expected future gross   
margins are above the previously estimated expected future gross margins. Each  
period, the Company also reviews the estimated gross margins for each block of  
business to determine the recoverability of DAC balances.                       

Fixed and Variable Universal Life Contracts and Fixed and Variable Deferred     
Annuity Contracts                                                               

The Company amortizes DAC and VOBA related to these contracts over the      
estimated lives of the contracts in proportion to actual and expected future    
gross profits. The amortization includes interest based on rates in effect at   
inception or acquisition of the contracts. The amount of future gross profits   
is dependent principally upon returns in excess of the amounts credited to      
policyholders, mortality, persistency, interest crediting rates, expenses to    
administer the business, creditworthiness of reinsurance counterparties, the    
effect of any hedges used and certain economic variables, such as inflation. Of 
these factors, the Company anticipates that investment returns, expenses and    
persistency are reasonably likely to impact significantly the rate of DAC and   
VOBA amortization. Each reporting period, the Company updates the estimated     
gross profits with the actual gross profits for that period. When the actual    
gross profits change from previously estimated gross profits, the               

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

5.Deferred Policy Acquisition Costs, Value of Business Acquired and Other       
Policy-Related Intangibles (continued)                                      

cumulative DAC and VOBA amortization is re-estimated and adjusted by a          
cumulative charge or credit to current operations. When actual gross profits    
exceed those previously estimated, the DAC and VOBA amortization will increase, 
resulting in a current period charge to earnings. The opposite result occurs    
when the actual gross profits are below the previously estimated gross profits. 
Each reporting period, the Company also updates the actual amount of business   
remaining in-force, which impacts expected future gross profits. When expected  
future gross profits are below those previously estimated, the DAC and VOBA     
amortization will increase, resulting in a current period charge to earnings.   
The opposite result occurs when the expected future gross profits are above the 
previously estimated expected future gross profits. Each period, the Company    
also reviews the estimated gross profits for each block of business to          
determine the recoverability of DAC and VOBA balances.                          

Factors Impacting Amortization                                                  

Separate account rates of return on variable universal life contracts and   
variable deferred annuity contracts affect in-force account balances on such    
contracts each reporting period, which can result in significant fluctuations   
in amortization of DAC and VOBA. Returns that are higher than the Company's     
long-term expectation produce higher account balances, which increases the      
Company's future fee expectations and decreases future benefit payment          
expectations on minimum death and living benefit guarantees, resulting in       
higher expected future gross profits. The opposite result occurs when returns   
are lower than the Company's long-term expectation. The Company's practice to   
determine the impact of gross profits resulting from returns on separate        
accounts assumes that long-term appreciation in equity markets is not changed   
by short-term market fluctuations, but is only changed when sustained interim   
deviations are expected. The Company monitors these events and only changes the 
assumption when its long-term expectation changes.                              

The Company also periodically reviews other long-term assumptions underlying
the projections of estimated gross margins and profits. These assumptions       
primarily relate to investment returns, policyholder dividend scales, interest  
crediting rates, mortality, persistency and expenses to administer business.    
Management annually updates assumptions used in the calculation of estimated    
gross margins and profits which may have significantly changed. If the update   
of assumptions causes expected future gross margins and profits to increase,    
DAC and VOBA amortization will decrease, resulting in a current period increase 
to earnings. The opposite result occurs when the assumption update causes       
expected future gross margins and profits to decrease.                          

Periodically, the Company modifies product benefits, features, rights or    
coverages that occur by the exchange of a contract for a new contract, or by    
amendment, endorsement, or rider to a contract, or by election or coverage      
within a contract. If such modification, referred to as an internal             
replacement, substantially changes the contract, the associated DAC or VOBA is  
written off immediately through income and any new deferrable costs associated  
with the replacement contract are deferred. If the modification does not        
substantially change the contract, the DAC or VOBA amortization on the original 
contract will continue and any acquisition costs associated with the related    
modification are expensed.                                                      

Amortization of DAC and VOBA is attributed to net investment gains (losses) 
and net derivative gains (losses), and to other expenses for the amount of      
gross margins or profits originating from transactions other than investment    
gains and losses. Unrealized investment gains and losses represent the amount   
of DAC and VOBA that would have been amortized if such gains and losses had     
been recognized.                                                                

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

5.Deferred Policy Acquisition Costs, Value of Business Acquired and Other       
Policy-Related Intangibles (continued)                                      

Information regarding DAC and VOBA was as follows:                          

                                                        [Enlarge/Download Table]

                                                                    Years Ended December 31,   
                                                                  ---------------------------- 
                                                                    2013      2012      2011   
                                                                  --------  --------  -------- 
                                                                          (In millions)        
                                                                                               
DAC                                                                                            
Balance at January 1,............................................ $  3,079  $  3,215  $  2,718 
Capitalizations..................................................      504       886     1,365 
Amortization related to:                                                                       
 Net investment gains (losses) and net derivative gains (losses).      484      (331)     (339)
 Other expenses..................................................     (404)     (513)     (477)
                                                                  --------  --------  -------- 
   Total amortization............................................       80      (844)     (816)
                                                                  --------  --------  -------- 
Unrealized investment gains (losses).............................       80       (19)      (49)
Disposition and other (1), (2)...................................      138      (159)       (3)
                                                                  --------  --------  -------- 
Balance at December 31,..........................................    3,881     3,079     3,215 
                                                                  --------  --------  -------- 
VOBA                                                                                           
Balance at January 1,............................................      667     1,006     1,686 
Amortization related to:                                                                       
 Net investment gains (losses) and net derivative gains (losses).        5        --       (29)
 Other expenses..................................................     (135)     (191)     (314)
                                                                  --------  --------  -------- 
   Total amortization............................................     (130)     (191)     (343)
                                                                  --------  --------  -------- 
Unrealized investment gains (losses).............................      312      (148)     (337)
                                                                  --------  --------  -------- 
Balance at December 31,..........................................      849       667     1,006 
                                                                  --------  --------  -------- 
Total DAC and VOBA                                                                             
Balance at December 31,.......................................... $  4,730  $  3,746  $  4,221 
                                                                  ========  ========  ======== 

--------                                                                        

(1)The year ended December 31, 2013 includes $138 million that was reclassified 
to DAC from premiums, reinsurance and other receivables. The amounts      
reclassified relate to an affiliated reinsurance agreement accounted for  
  using the deposit method of accounting and represent the DAC amortization on
 the expense allowances ceded on the agreement from inception. These amounts
were previously included in the calculated value of the deposit receivable
on this agreement and recorded within premiums, reinsurance and other     
receivables.                                                              

(2)See Note 3 for information on the disposition of a subsidiary.               

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

5.Deferred Policy Acquisition Costs, Value of Business Acquired and Other       
Policy-Related Intangibles (continued)                                      

Information regarding total DAC and VOBA by segment, as well as Corporate & 
Other, was as follows at:                                                       

                                                                [Download Table]

                             December 31,   
                           -----------------
                             2013     2012  
                           -------- --------
                             (In millions)  
                                            
Retail.................... $  4,698 $  3,738
Corporate Benefit Funding.        6        8
Corporate & Other.........       26       --
                           -------- --------
 Total.................... $  4,730 $  3,746
                           ======== ========

Information regarding other policy-related intangibles was as follows:      

                                                                [Download Table]

                            Years Ended December 31,
                            ----------------------- 
                             2013     2012    2011  
                            -------  ------- -------
                                 (In millions)      
                                                    
Deferred Sales Inducements                          
Balance at January 1,...... $   509  $   535 $   537
Capitalization.............       6       21      79
Amortization...............    (32)     (47)    (81)
                            -------  ------- -------
Balance at December 31,.... $   483  $   509 $   535
                            =======  ======= =======
VODA and VOCRA                                      
Balance at January 1,...... $   175  $   190 $   203
Amortization...............    (16)     (15)    (13)
                            -------  ------- -------
Balance at December 31,.... $   159  $   175 $   190
                            =======  ======= =======
Accumulated amortization... $    81  $    65 $    50
                            =======  ======= =======

The estimated future amortization expense to be reported in other expenses  
for the next five years is as follows:                                          

                                                                [Download Table]

                                    VOBA      VODA and VOCRA
                               -------------- --------------
                                       (In millions)        
                                                            
2014.......................... $          176 $          17 
2015.......................... $          141 $          17 
2016.......................... $          114 $          15 
2017.......................... $           94 $          14 
2018.......................... $           78 $          13 

6. Reinsurance                                                                  

The Company enters into reinsurance agreements primarily as a purchaser of  
reinsurance for its various insurance products and also as a provider of        
reinsurance for some insurance products issued by affiliated and unaffiliated   
companies. The Company participates in reinsurance activities in order to limit 
losses, minimize exposure to significant risks and provide additional capacity  
for future growth.                                                              

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

Accounting for reinsurance requires extensive use of assumptions and        
estimates, particularly related to the future performance of the underlying     
business and the potential impact of counterparty credit risks. The Company     
periodically reviews actual and anticipated experience compared to the          
aforementioned assumptions used to establish assets and liabilities relating to 
ceded and assumed reinsurance and evaluates the financial strength of           
counterparties to its reinsurance agreements using criteria similar to that     
evaluated in the security impairment process discussed in Note 7.               

Retail                                                                          

The Company's Retail Annuities business reinsures 100% of the living and    
death benefit guarantees issued in connection with most of its variable         
annuities issued since 2006 to an affiliated reinsurer and certain portions of  
the living and death benefit guarantees issued in connection with its variable  
annuities issued prior to 2006 to affiliated and unaffiliated reinsurers. Under 
these reinsurance agreements, the Company pays a reinsurance premium generally  
based on fees associated with the guarantees collected from policyholders, and  
receives reimbursement for benefits paid or accrued in excess of account        
values, subject to certain limitations. The Company also reinsures 90% of its   
fixed annuities to an affiliated reinsurer. The value of the embedded           
derivatives on the ceded risk is determined using a methodology consistent with 
the guarantees directly written by the Company with the exception of the input  
for nonperformance risk that reflects the credit of the reinsurer.              

For its Retail Life & Other insurance products, the Company has historically
reinsured the mortality risk primarily on an excess of retention basis or on a  
quota share basis. The Company currently reinsures 100% of the mortality risk   
in excess of $100,000 per life for most new policies and reinsures up to 100%   
of the mortality risk for certain other policies. In addition to reinsuring     
mortality risk as described above, the Company reinsures other risks, as well   
as specific coverages. Placement of reinsurance is done primarily on an         
automatic basis and also on a facultative basis for risks with specified        
characteristics. The Company also reinsures the risk associated with secondary  
death benefit guarantees on certain universal life insurance policies to        
affiliates. The Company evaluates its reinsurance programs routinely and may    
increase or decrease its retention at any time.                                 

Corporate Benefit Funding                                                       

The Company's Corporate Benefit Funding segment has periodically engaged in 
reinsurance activities, on an opportunistic basis. The impact of these          
activities on the financial results of this segment has not been significant    
and there were no additional transactions during the periods presented.         

Corporate & Other                                                               

The Company also reinsures, through 100% quota share reinsurance agreements,
certain run-off LTC and workers' compensation business written by the Company.  

Catastrophe Coverage                                                            

The Company has exposure to catastrophes, which could contribute to         
significant fluctuations in the Company's results of operations. The Company    
uses excess of retention and quota share reinsurance agreements to provide      
greater diversification of risk and minimize exposure to larger risks.          

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

Reinsurance Recoverables                                                        

The Company reinsures its business through a diversified group of           
well-capitalized reinsurers. The Company analyzes recent trends in arbitration  
and litigation outcomes in disputes, if any, with its reinsurers. The Company   
monitors ratings and evaluates the financial strength of its reinsurers by      
analyzing their financial statements. In addition, the reinsurance recoverable  
balance due from each reinsurer is evaluated as part of the overall monitoring  
process. Recoverability of reinsurance recoverable balances is evaluated based  
on these analyses. The Company generally secures large reinsurance recoverable  
balances with various forms of collateral, including secured trusts, funds      
withheld accounts and irrevocable letters of credit. These reinsurance          
recoverable balances are stated net of allowances for uncollectible             
reinsurance, which at December 31, 2013 and 2012, were not significant.         

 The Company has secured certain reinsurance recoverable balances with various
forms of collateral, including secured trusts, funds withheld accounts and      
irrevocable letters of credit. The Company had $2.0 billion and $2.2 billion of 
unsecured unaffiliated reinsurance recoverable balances at December 31, 2013    
and 2012, respectively.                                                         

At December 31, 2013, the Company had $7.5 billion of net unaffiliated ceded
reinsurance recoverables. Of this total, $6.7 billion, or 89%, were with the    
Company's five largest unaffiliated ceded reinsurers, including $1.2 billion of 
net unaffiliated ceded reinsurance recoverables which were unsecured. At        
December 31, 2012, the Company had $7.2 billion of net unaffiliated ceded       
reinsurance recoverables. Of this total, $6.5 billion, or 90%, were with the    
Company's five largest unaffiliated ceded reinsurers, including $1.4 billion of 
net unaffiliated ceded reinsurance recoverables which were unsecured.           

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

The amounts in the consolidated statements of operations include the impact 
of reinsurance. Information regarding the significant effects of reinsurance    
was as follows:                                                                 

                                                        [Enlarge/Download Table]

                                                                  Years Ended December 31,   
                                                                ---------------------------- 
                                                                  2013      2012      2011   
                                                                --------  --------  -------- 
                                                                        (In millions)        
                                                                                             
Premiums                                                                                     
 Direct premiums............................................... $  1,561  $  2,063  $  2,429 
 Reinsurance assumed...........................................       10        11         7 
 Reinsurance ceded.............................................     (965)     (813)     (608)
                                                                --------  --------  -------- 
   Net premiums................................................ $    606  $  1,261  $  1,828 
                                                                ========  ========  ======== 
Universal life and investment-type product policy fees                                       
 Direct universal life and investment-type product policy fees. $  3,248  $  2,972  $  2,572 
 Reinsurance assumed...........................................       84        87        92 
 Reinsurance ceded.............................................     (996)     (798)     (708)
                                                                --------  --------  -------- 
   Net universal life and investment-type product policy fees.. $  2,336  $  2,261  $  1,956 
                                                                ========  ========  ======== 
Other revenues                                                                               
 Direct other revenues......................................... $    259  $    231  $    209 
 Reinsurance assumed...........................................       --        --        -- 
 Reinsurance ceded.............................................      333       280       299 
                                                                --------  --------  -------- 
   Net other revenues.......................................... $    592  $    511  $    508 
                                                                ========  ========  ======== 
Policyholder benefits and claims                                                             
 Direct policyholder benefits and claims....................... $  3,732  $  4,139  $  4,277 
 Reinsurance assumed...........................................       15        23        20 
 Reinsurance ceded.............................................   (2,040)   (1,773)   (1,637)
                                                                --------  --------  -------- 
   Net policyholder benefits and claims........................ $  1,707  $  2,389  $  2,660 
                                                                ========  ========  ======== 
Interest credited to policyholder account balances                                           
 Direct interest credited to policyholder account balances..... $  1,089  $  1,185  $  1,206 
 Reinsurance assumed...........................................       73        71        68 
 Reinsurance ceded.............................................     (125)     (109)      (85)
                                                                --------  --------  -------- 
   Net interest credited to policyholder account balances...... $  1,037  $  1,147  $  1,189 
                                                                ========  ========  ======== 
Other expenses                                                                               
 Direct other expenses......................................... $  1,568  $  2,562  $  2,781 
 Reinsurance assumed...........................................       28        33        48 
 Reinsurance ceded.............................................       63       125       152 
                                                                --------  --------  -------- 
   Net other expenses.......................................... $  1,659  $  2,720  $  2,981 
                                                                ========  ========  ======== 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

The amounts in the consolidated balance sheets include the impact of        
reinsurance. Information regarding the significant effects of reinsurance was   
as follows at:                                                                  

                                                        [Enlarge/Download Table]

                                                                December 31,                                   
                              ---------------------------------------------------------------------------------
                                                2013                                     2012                  
                              ---------------------------------------- ----------------------------------------
                                                               Total                                    Total  
                                                              Balance                                  Balance 
                                Direct   Assumed    Ceded      Sheet     Direct   Assumed    Ceded      Sheet  
                              ---------- -------- ---------  --------- ---------- -------- ---------  ---------
                                                                (In millions)                                  
                                                                                                               
Assets                                                                                                         
Premiums, reinsurance and                                                                                      
 other receivables........... $      221 $     28 $  20,360  $  20,609 $      396 $     35 $  21,496  $  21,927
Deferred policy acquisition                                                                                    
 costs and value of business                                                                                   
 acquired....................      5,191      123      (584)     4,730      4,264      121      (639)     3,746
                              ---------- -------- ---------  --------- ---------- -------- ---------  ---------
  Total assets............... $    5,412 $    151 $  19,776  $  25,339 $    4,660 $    156 $  20,857  $  25,673
                              ========== ======== =========  ========= ========== ======== =========  =========
Liabilities                                                                                                    
Other policy-related                                                                                           
 balances.................... $      712 $  1,641 $     811  $   3,164 $      691 $  1,592 $     855  $   3,138
Other liabilities............      1,257       10     5,509      6,776      1,396       11     5,140      6,547
                              ---------- -------- ---------  --------- ---------- -------- ---------  ---------
  Total liabilities.......... $    1,969 $  1,651 $   6,320  $   9,940 $    2,087 $  1,603 $   5,995  $   9,685
                              ========== ======== =========  ========= ========== ======== =========  =========

Reinsurance agreements that do not expose the Company to a reasonable       
possibility of a significant loss from insurance risk are recorded using the    
deposit method of accounting. The deposit assets on reinsurance were $4.6       
billion and $4.7 billion at December 31, 2013 and 2012, respectively. There     
were no deposit liabilities on reinsurance at both December 31, 2013 and 2012.  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

Related Party Reinsurance Transactions                                          

The Company has reinsurance agreements with certain MetLife subsidiaries,   
including MLIC, MetLife Reinsurance Company of South Carolina, Exeter, General  
American Life Insurance Company, MLIIC, MetLife Reinsurance Company of Vermont  
and MetLife Reinsurance Company of Delaware ("MRD"), all of which are related   
parties.                                                                        

Information regarding the significant effects of affiliated reinsurance     
included in the consolidated statements of operations was as follows:           

                                                        [Enlarge/Download Table]

                                                                Years Ended December 31, 
                                                               ------------------------- 
                                                                 2013     2012     2011  
                                                               -------  -------  ------- 
                                                                     (In millions)       
                                                                                         
Premiums                                                                                 
 Reinsurance assumed.......................................... $    10  $    11  $     7 
 Reinsurance ceded............................................    (638)    (478)    (286)
                                                               -------  -------  ------- 
   Net premiums............................................... $  (628) $  (467) $  (279)
                                                               =======  =======  ======= 
Universal life and investment-type product policy fees                                   
 Reinsurance assumed.......................................... $    84  $    87  $    92 
 Reinsurance ceded............................................    (585)    (444)    (400)
                                                               -------  -------  ------- 
   Net universal life and investment-type product policy fees. $  (501) $  (357) $  (308)
                                                               =======  =======  ======= 
Other revenues                                                                           
 Reinsurance assumed.......................................... $    --  $    --  $    -- 
 Reinsurance ceded............................................     332      280      299 
                                                               -------  -------  ------- 
   Net other revenues......................................... $   332  $   280  $   299 
                                                               =======  =======  ======= 
Policyholder benefits and claims                                                         
 Reinsurance assumed.......................................... $    13  $    21  $    18 
 Reinsurance ceded............................................    (800)    (780)    (484)
                                                               -------  -------  ------- 
   Net policyholder benefits and claims....................... $  (787) $  (759) $  (466)
                                                               =======  =======  ======= 
Interest credited to policyholder account balances                                       
 Reinsurance assumed.......................................... $    73  $    71  $    68 
 Reinsurance ceded............................................    (125)    (109)     (84)
                                                               -------  -------  ------- 
   Net interest credited to policyholder account balances..... $   (52) $   (38) $   (16)
                                                               =======  =======  ======= 
Other expenses                                                                           
 Reinsurance assumed.......................................... $    28  $    33  $    48 
 Reinsurance ceded............................................      92      157      204 
                                                               -------  -------  ------- 
   Net other expenses......................................... $   120  $   190  $   252 
                                                               =======  =======  ======= 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

Information regarding the significant effects of affiliated reinsurance     
included in the consolidated balance sheets was as follows at:                  

                                                        [Enlarge/Download Table]

                                                                      December 31,              
                                                         -------------------------------------- 
                                                                2013                2012        
                                                         ------------------  ------------------ 
                                                         Assumed    Ceded    Assumed    Ceded   
                                                         -------- ---------  -------- --------- 
                                                                      (In millions)             
                                                                                                
Assets                                                                                          
Premiums, reinsurance and other receivables............. $     28 $  12,710  $     35 $  14,171 
Deferred policy acquisition costs and value of business                                         
  acquired..............................................      122      (579)      121      (642)
                                                         -------- ---------  -------- --------- 
 Total assets........................................... $    150 $  12,131  $    156 $  13,529 
                                                         ======== =========  ======== ========= 
Liabilities                                                                                     
Other policy-related balances........................... $  1,640 $     811  $  1,592 $     855 
Other liabilities.......................................        9     5,260        10     4,894 
                                                         -------- ---------  -------- --------- 
 Total liabilities...................................... $  1,649 $   6,071  $  1,602 $   5,749 
                                                         ======== =========  ======== ========= 

Effective October 1, 2012, MLI-USA entered into a reinsurance agreement to  
cede two blocks of business to MRD, on a 90% coinsurance with funds withheld    
basis. The agreement covers certain term and certain universal life policies    
issued in 2012 by MLI-USA and was amended in 2013 to include certain term and   
universal life policies issued by MLI-USA through December 31, 2013. The        
agreement transfers risk to MRD and, therefore, is accounted for as             
reinsurance. As a result of the agreement, affiliated reinsurance recoverables, 
included in premiums, reinsurance and other receivables, were $917 million and  
$407 million at December 31, 2013 and 2012, respectively. MLI-USA also recorded 
a funds withheld liability and other reinsurance payables, included in other    
liabilities, which were $798 million and $438 million at December 31, 2013 and  
2012, respectively. Certain contractual features of this agreement qualify as   
embedded derivatives, which are separately accounted for at fair value on the   
Company's consolidated balance sheets. The embedded derivative related to the   
funds withheld associated with this reinsurance agreement is included within    
other liabilities and was ($14) million and $6 million at December 31, 2013 and 
2012, respectively. The Company's consolidated statements of operations         
reflected a loss for this agreement of $50 million and $37 million for the      
years ended December 31, 2013 and 2012, respectively, which included net        
derivative gains (losses) of $20 million and ($6) million for the years ended   
December 31, 2013 and 2012, respectively, related to the embedded derivative.   

The Company ceded risks to affiliates related to guaranteed minimum benefit 
guarantees written directly by the Company. These ceded reinsurance agreements  
contain embedded derivatives and changes in their fair value are also included  
within net derivative gains (losses). The embedded derivatives associated with  
the cessions are included within premiums, reinsurance and other receivables    
and were assets of $912 million and $3.6 billion at December 31, 2013 and 2012, 
respectively. Net derivative gains (losses) associated with the embedded        
derivatives were ($3.0) billion, $524 million, and $1.6 billion for the years   
ended December 31, 2013, 2012 and 2011, respectively.                           

MLI-USA ceded two blocks of business to an affiliate on a 90% coinsurance   
with funds withheld basis. Certain contractual features of this agreement       
qualify as embedded derivatives, which are separately accounted for at          
estimated fair value on the Company's consolidated balance sheets. The embedded 
derivative related to the                                                       

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

funds withheld associated with this reinsurance agreement is included within    
other liabilities and increased the funds withheld balance by $48 million and   
$546 million at December 31, 2013 and 2012, respectively. Net derivative gains  
(losses) associated with the embedded derivatives were $498 million, ($107)     
million and ($434) million for the years ended December 31, 2013, 2012 and      
2011, respectively.                                                             

 The Company has secured certain reinsurance recoverable balances with various
forms of collateral, including secured trusts, funds withheld accounts and      
irrevocable letters of credit. The Company had $5.9 billion and $6.1 billion of 
unsecured affiliated reinsurance recoverable balances at December 31, 2013 and  
2012, respectively.                                                             

Affiliated reinsurance agreements that do not expose the Company to a       
reasonable possibility of a significant loss from insurance risk are recorded   
using the deposit method of accounting. The deposit assets on affiliated        
reinsurance were $4.4 billion and $4.6 billion at December 31, 2013 and 2012,   
respectively. There were no deposit liabilities on affiliated reinsurance at    
both December 31, 2013 and 2012.                                                

7. Investments                                                                  

 See Note 9 for information about the fair value hierarchy for investments and
the related valuation methodologies.                                            

Investment Risks and Uncertainties                                              

Investments are exposed to the following primary sources of risk: credit,   
interest rate, liquidity, market valuation, currency and real estate risk. The  
financial statement risks, stemming from such investment risks, are those       
associated with the determination of estimated fair values, the diminished      
ability to sell certain investments in times of strained market conditions, the 
recognition of impairments, the recognition of income on certain investments    
and the potential consolidation of VIEs. The use of different methodologies,    
assumptions and inputs relating to these financial statement risks may have a   
material effect on the amounts presented within the consolidated financial      
statements.                                                                     

The determination of valuation allowances and impairments is highly         
subjective and is based upon periodic evaluations and assessments of known and  
inherent risks associated with the respective asset class. Such evaluations and 
assessments are revised as conditions change and new information becomes        
available.                                                                      

 The recognition of income on certain investments (e.g. structured securities,
including mortgage-backed securities, asset-backed securities ("ABS") and       
certain structured investment transactions) is dependent upon certain factors   
such as prepayments and defaults, and changes in such factors could result in   
changes in amounts to be earned.                                                

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Fixed Maturity and Equity Securities AFS                                        

Fixed Maturity and Equity Securities AFS by Sector                            

  The following table presents the fixed maturity and equity securities AFS by
sector. Redeemable preferred stock is reported within U.S. corporate and      
foreign corporate fixed maturity securities and non-redeemable preferred stock
is reported within equity securities. Included within fixed maturity          
securities are structured securities including RMBS, ABS and commercial       
mortgage-backed securities ("CMBS").                                          

                                                        [Enlarge/Download Table]

                                               December 31, 2013                             December 31, 2012              
                                 --------------------------------------------- ---------------------------------------------
                                               Gross Unrealized                              Gross Unrealized               
                                  Cost or  ------------------------- Estimated  Cost or  ------------------------- Estimated
                                 Amortized          Temporary  OTTI    Fair    Amortized          Temporary  OTTI    Fair   
                                   Cost     Gains    Losses   Losses   Value     Cost     Gains    Losses   Losses   Value  
                                 --------- -------- --------- ------ --------- --------- -------- --------- ------ ---------
                                                                        (In millions)                                       
                                                                                                                            
Fixed maturity securities                                                                                                   
U.S. corporate.................. $  15,779 $  1,130 $     207 $  --  $  16,702 $  16,914 $  2,063 $      82 $  --  $  18,895
Foreign corporate...............     8,111      485        79    --      8,517     8,618      853        26    --      9,445
U.S. Treasury and agency........     8,188      334       228    --      8,294     7,678    1,186        --    --      8,864
RMBS............................     4,587      201        59    41      4,688     5,492      360        50    64      5,738
State and political subdivision.     2,147      139        62    --      2,224     2,002      354        27    --      2,329
ABS.............................     2,081       32        12    --      2,101     2,204       67        18    --      2,253
CMBS............................     1,546       62         4    --      1,604     2,221      141         6    --      2,356
Foreign government..............     1,038      103        19    --      1,122       876      214         2    --      1,088
                                 --------- -------- --------- -----  --------- --------- -------- --------- -----  ---------
 Total fixed maturity                                                                                                       
  securities.................... $  43,477 $  2,486 $     670 $  41  $  45,252 $  46,005 $  5,238 $     211 $  64  $  50,968
                                 ========= ======== ========= =====  ========= ========= ======== ========= =====  =========
Equity securities                                                                                                           
Non-redeemable preferred                                                                                                    
 stock.......................... $     236 $      9 $      28 $  --  $     217 $     151 $     11 $      22 $  --  $     140
Common stock....................       161       40        --    --        201       160       18         1    --        177
                                 --------- -------- --------- -----  --------- --------- -------- --------- -----  ---------
 Total equity securities........ $     397 $     49 $      28 $  --  $     418 $     311 $     29 $      23 $  --  $     317
                                 ========= ======== ========= =====  ========= ========= ======== ========= =====  =========

The Company held non-income producing fixed maturity securities with an   
estimated fair value of $30 million and $22 million with unrealized gains     
(losses) of $6 million and $3 million at December 31, 2013 and 2012,          
respectively.                                                                 

Methodology for Amortization of Premium and Accretion of Discount on          
Structured Securities                                                           

Amortization of premium and accretion of discount on structured securities
considers the estimated timing and amount of prepayments of the underlying    
loans. Actual prepayment experience is periodically reviewed and effective    
yields are recalculated when differences arise between the originally         
anticipated and the actual prepayments received and currently anticipated.    
Prepayment assumptions for single class and multi-class mortgage-backed and   
ABS are estimated using inputs obtained from third-party specialists and based
on management's knowledge of the current market. For credit-sensitive         
mortgage-backed and ABS and certain prepayment-sensitive securities, the      
effective yield is recalculated on a prospective basis. For all other         
mortgage-backed and ABS, the effective yield is recalculated on a             
retrospective basis.                                                          

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Maturities of Fixed Maturity Securities                                       

  The amortized cost and estimated fair value of fixed maturity securities, by
contractual maturity date, were as follows at:                                

                                                                [Download Table]

                                                         December 31,              
                                            ---------------------------------------
                                                   2013                2012        
                                            ------------------- -------------------
                                                      Estimated           Estimated
                                            Amortized   Fair    Amortized   Fair   
                                              Cost      Value     Cost      Value  
                                            --------- --------- --------- ---------
                                                         (In millions)             
                                                                                   
Due in one year or less.................... $   2,934 $   2,966 $   4,831 $   4,875
Due after one year through five years......     8,895     9,301     8,646     9,192
Due after five years through ten years.....     7,433     7,970     7,967     8,960
Due after ten years........................    16,001    16,622    14,644    17,594
                                            --------- --------- --------- ---------
   Subtotal................................    35,263    36,859    36,088    40,621
Structured securities (RMBS, ABS and CMBS).     8,214     8,393     9,917    10,347
                                            --------- --------- --------- ---------
       Total fixed maturity securities..... $  43,477 $  45,252 $  46,005 $  50,968
                                            ========= ========= ========= =========

  Actual maturities may differ from contractual maturities due to the exercise
of call or prepayment options. Fixed maturity securities not due at a single  
maturity date have been presented in the year of final contractual maturity.  
RMBS, ABS and CMBS are shown separately, as they are not due at a single      
maturity.                                                                     

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Continuous Gross Unrealized Losses for Fixed Maturity and Equity Securities   
AFS by Sector                                                                   

The following table presents the estimated fair value and gross unrealized
losses of fixed maturity and equity securities AFS in an unrealized loss      
position, aggregated by sector and by length of time that the securities have 
been in a continuous unrealized loss position.                                

                                                        [Enlarge/Download Table]

                                              December 31, 2013                         December 31, 2012            
                                  ----------------------------------------- -----------------------------------------
                                                       Equal to or Greater                       Equal to or Greater 
                                  Less than 12 Months     than 12 Months    Less than 12 Months     than 12 Months   
                                  -------------------- -------------------- -------------------- --------------------
                                  Estimated   Gross    Estimated   Gross    Estimated   Gross    Estimated   Gross   
                                    Fair    Unrealized   Fair    Unrealized   Fair    Unrealized   Fair    Unrealized
                                    Value     Losses     Value     Losses     Value     Losses     Value     Losses  
                                  --------- ---------- --------- ---------- --------- ---------- --------- ----------
                                                      (In millions, except number of securities)                     
                                                                                                                     
Fixed maturity securities                                                                                            
U.S. corporate................... $   2,526  $   141   $    470    $   66   $    784    $   16   $    621    $   66  
Foreign corporate................     1,520       70        135         9        494         8        203        18  
U.S. Treasury and agency.........     3,825      228         --        --        200        --         --        --  
RMBS.............................       996       35        457        65         62         6        781       108  
State and political subdivision..       630       44         64        18         44         2         55        25  
ABS..............................       680        5        104         7        208         1        266        17  
CMBS.............................       143        4          7        --         59         1        101         5  
Foreign government...............       264       19          1        --        116         2         --        --  
                                  ---------  -------   --------    ------   --------    ------   --------    ------  
  Total fixed maturity                                                                                               
   securities.................... $  10,584  $   546   $  1,238    $  165   $  1,967    $   36   $  2,027    $  239  
                                  =========  =======   ========    ======   ========    ======   ========    ======  
Equity securities                                                                                                    
Non-redeemable preferred                                                                                             
 stock........................... $     105  $    21   $     33    $    7   $     --    $   --   $     50    $   22  
Common stock.....................         3       --          7        --         10         1          7        --  
                                  ---------  -------   --------    ------   --------    ------   --------    ------  
  Total equity securities........ $     108  $    21   $     40    $    7   $     10    $    1   $     57    $   22  
                                  =========  =======   ========    ======   ========    ======   ========    ======  
Total number of securities in an                                                                                     
 unrealized loss position........     1,081                 297                  327                  420            
                                  =========            ========             ========             ========            

Evaluation of AFS Securities for OTTI and Evaluating Temporarily Impaired AFS 
Securities                                                                      

Evaluation and Measurement Methodologies                                    

  Management considers a wide range of factors about the security issuer and
uses its best judgment in evaluating the cause of the decline in the        
estimated fair value of the security and in assessing the prospects for     
near-term recovery. Inherent in management's evaluation of the security are 
assumptions and estimates about the operations of the issuer and its future 
earnings potential. Considerations used in the impairment evaluation process
include, but are not limited to: (i) the length of time and the extent to   
which the estimated fair value has been below cost or amortized cost;       
(ii) the potential for impairments when the issuer is experiencing          
 significant financial difficulties; (iii) the potential for impairments in an
entire industry sector or sub-sector; (iv) the potential for impairments in 
certain economically depressed geographic locations; (v) the potential for  
impairments where the issuer, series of issuers or industry has suffered a  
catastrophic loss or has exhausted                                          

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

natural resources; (vi) with respect to fixed maturity securities, whether  
the Company has the intent to sell or will more likely than not be required 
to sell a particular security before the decline in estimated fair value    
below amortized cost recovers; (vii) with respect to structured securities, 
changes in forecasted cash flows after considering the quality of underlying
 collateral, expected prepayment speeds, current and forecasted loss severity,
consideration of the payment terms of the underlying assets backing a       
 particular security, and the payment priority within the tranche structure of
the security; and (viii) other subjective factors, including concentrations 
and information obtained from regulators and rating agencies.               

The methodology and significant inputs used to determine the amount of  
credit loss on fixed maturity securities are as follows:                    

  .  The Company calculates the recovery value by performing a discounted cash
flow analysis based on the present value of future cash flows. The  
  discount rate is generally the effective interest rate of the security
prior to impairment.                                                

.  When determining collectability and the period over which value is     
   expected to recover, the Company applies considerations utilized in its
overall impairment evaluation process which incorporates information
regarding the specific security, fundamentals of the industry and   
geographic area in which the security issuer operates, and overall  
     macroeconomic conditions. Projected future cash flows are estimated using
assumptions derived from management's best estimates of likely      
scenario-based outcomes after giving consideration to a variety of  
variables that include, but are not limited to: payment terms of the
 security; the likelihood that the issuer can service the interest and
  principal payments; the quality and amount of any credit enhancements;
the security's position within the capital structure of the issuer; 
possible corporate restructurings or asset sales by the issuer; and 
   changes to the rating of the security or the issuer by rating agencies.

.  Additional considerations are made when assessing the unique features  
  that apply to certain structured securities including, but not limited
 to: the quality of underlying collateral, expected prepayment speeds,
    current and forecasted loss severity, consideration of the payment terms
    of the underlying loans or assets backing a particular security, and the
payment priority within the tranche structure of the security.      

.  When determining the amount of the credit loss for U.S. and foreign    
corporate securities, foreign government securities and state and   
    political subdivision securities, the estimated fair value is considered
the recovery value when available information does not indicate that
  another value is more appropriate. When information is identified that
  indicates a recovery value other than estimated fair value, management
    considers in the determination of recovery value the same considerations
     utilized in its overall impairment evaluation process as described above,
 as well as any private and public sector programs to restructure such
securities.                                                         

With respect to securities that have attributes of debt and equity      
 (perpetual hybrid securities), consideration is given in the OTTI analysis as
to whether there has been any deterioration in the credit of the issuer and 
the likelihood of recovery in value of the securities that are in a severe  
and extended unrealized loss position. Consideration is also given as to    
whether any perpetual hybrid securities, with an unrealized loss, regardless
of credit rating, have deferred any dividend payments. When an OTTI loss has
 occurred, the OTTI loss is the entire difference between the perpetual hybrid
security's cost and its estimated fair value with a corresponding charge to 
earnings.                                                                   

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

The cost or amortized cost of fixed maturity and equity securities is   
adjusted for OTTI in the period in which the determination is made. The     
Company does not change the revised cost basis for subsequent recoveries in 
value.                                                                      

In periods subsequent to the recognition of OTTI on a fixed maturity    
security, the Company accounts for the impaired security as if it had been  
purchased on the measurement date of the impairment. Accordingly, the       
discount (or reduced premium) based on the new cost basis is accreted over  
the remaining term of the fixed maturity security in a prospective manner   
based on the amount and timing of estimated future cash flows.              

Current Period Evaluation                                                   

Based on the Company's current evaluation of its AFS securities in an   
unrealized loss position in accordance with its impairment policy, and the  
Company's current intentions and assessments (as applicable to the type of  
security) about holding, selling and any requirements to sell these         
securities, the Company has concluded that these securities are not         
 other-than-temporarily impaired at December 31, 2013. Future OTTI will depend
primarily on economic fundamentals, issuer performance (including changes in
 the present value of future cash flows expected to be collected), and changes
in credit ratings, collateral valuation, interest rates and credit spreads. 
If economic fundamentals deteriorate or if there are adverse changes in the 
above factors, OTTI may be incurred in upcoming periods.                    

   Gross unrealized losses on fixed maturity securities increased $436 million
during the year ended December 31, 2013 from $275 million to $711 million.  
 The increase in gross unrealized losses for the year ended December 31, 2013,
 was primarily attributable to an increase in interest rates, partially offset
by narrowing credit spreads.                                                

At December 31, 2013, $61 million of the total $711 million of gross    
unrealized losses were from 18 fixed maturity securities with an unrealized 
loss position of 20% or more of amortized cost for six months or greater.   

Investment Grade Fixed Maturity Securities                                  

  Of the $61 million of gross unrealized losses on fixed maturity securities
with an unrealized loss of 20% or more of amortized cost for six months or  
greater, $41 million, or 67%, are related to gross unrealized losses on 13  
investment grade fixed maturity securities. Unrealized losses on investment 
grade fixed maturity securities are principally related to widening credit  
spreads, and with respect to fixed-rate fixed maturity securities, rising   
interest rates since purchase.                                              

Below Investment Grade Fixed Maturity Securities                            

  Of the $61 million of gross unrealized losses on fixed maturity securities
with an unrealized loss of 20% or more of amortized cost for six months or  
greater, $20 million, or 33%, are related to gross unrealized losses on five
below investment grade fixed maturity securities. Unrealized losses on below
investment grade fixed maturity securities are principally related to       
non-agency RMBS (primarily alternative residential mortgage loans) and are  
the result of significantly wider credit spreads resulting from higher risk 
premiums since purchase, largely due to economic and market uncertainties   
including concerns over unemployment levels and valuations of residential   
real estate supporting non-agency RMBS. Management evaluates non-agency RMBS

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

based on actual and projected cash flows after considering the quality of   
underlying collateral, expected prepayment speeds, current and forecasted   
loss severity, consideration of the payment terms of the underlying assets  
backing a particular security, and the payment priority within the tranche  
structure of the security.                                                  

Equity Securities                                                           

Gross unrealized losses on equity securities increased $5 million during
the year ended December 31, 2013 from $23 million to $28 million. Of the $28
million, $5 million were from two equity securities with gross unrealized   
losses of 20% or more of cost for 12 months or greater, all of which were   
financial services industry investment grade non-redeemable preferred stock,
of which 40% were rated A or better.                                        

Mortgage Loans                                                                  

Mortgage Loans by Portfolio Segment                                           

Mortgage loans are summarized as follows at:                                

                                                        [Enlarge/Download Table]

                                                                December 31,                
                                                --------------------------------------------
                                                        2013                   2012         
                                                --------------------- ----------------------
                                                  Carrying     % of     Carrying     % of   
                                                    Value      Total      Value      Total  
                                                ------------- ------- ------------- --------
                                                (In millions)         (In millions)         
                                                                                            
Mortgage loans:                                                                             
 Commercial....................................   $  4,869      63.1%   $  5,266       57.5%
 Agricultural..................................      1,285       16.6      1,260        13.8
                                                  --------    -------   --------    --------
   Subtotal (1)................................      6,154       79.7      6,526        71.3
 Valuation allowances..........................        (34)     (0.4)        (35)      (0.4)
                                                  --------    -------   --------    --------
   Subtotal mortgage loans, net................      6,120       79.3      6,491        70.9
 Commercial mortgage loans held by CSEs -- FVO.      1,598       20.7      2,666        29.1
                                                  --------    -------   --------    --------
     Total mortgage loans, net.................   $  7,718     100.0%   $  9,157      100.0%
                                                  ========    =======   ========    ========

--------                                                                        

(1)Purchases of mortgage loans were $10 million and $27 million for the years   
ended December 31, 2013 and 2012, respectively.                           

See "-- Variable Interest Entities" for discussion of CSEs.             

See "-- Related Party Investment Transactions" for discussion of related
party mortgage loans.                                                       

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Mortgage Loans and Valuation Allowance by Portfolio Segment                   

The carrying value prior to valuation allowance ("recorded investment") in
mortgage loans, by portfolio segment, by method of evaluation of credit loss, 
and the related valuation allowances, by type of credit loss, were as follows 
at:                                                                           

                                                        [Enlarge/Download Table]

                                                                     December 31,                          
                                            ---------------------------------------------------------------
                                                         2013                            2012              
                                            ------------------------------- -------------------------------
                                            Commercial Agricultural  Total  Commercial Agricultural  Total 
                                            ---------- ------------ ------- ---------- ------------ -------
                                                                     (In millions)                         
                                                                                                           
Mortgage loans:                                                                                            
 Evaluated individually for credit losses..  $    72     $     4    $    76  $    76     $    --    $    76
 Evaluated collectively for credit losses..    4,797       1,281      6,078    5,190       1,260      6,450
                                             -------     -------    -------  -------     -------    -------
   Total mortgage loans....................    4,869       1,285      6,154    5,266       1,260      6,526
                                             -------     -------    -------  -------     -------    -------
Valuation allowances:                                                                                      
 Specific credit losses....................        7          --          7       11          --         11
 Non-specifically identified credit losses.       23           4         27       21           3         24
                                             -------     -------    -------  -------     -------    -------
   Total valuation allowances..............       30           4         34       32           3         35
                                             -------     -------    -------  -------     -------    -------
     Mortgage loans, net of valuation                                                                      
       allowance...........................  $ 4,839     $ 1,281    $ 6,120  $ 5,234     $ 1,257    $ 6,491
                                             =======     =======    =======  =======     =======    =======

Valuation Allowance Rollforward by Portfolio Segment                          

The changes in the valuation allowance, by portfolio segment, were as     
follows:                                                                      

                                                                [Download Table]

                                Commercial Agricultural  Total 
                                ---------- ------------ -------
                                         (In millions)         
                                                               
Balance at January 1, 2011.....  $    84      $    3    $    87
Provision (release)............     (26)          --       (26)
Charge-offs, net of recoveries.       --          --         --
                                 -------      ------    -------
Balance at December 31, 2011...       58           3         61
Provision (release)............     (26)          --       (26)
Charge-offs, net of recoveries.       --          --         --
                                 -------      ------    -------
Balance at December 31, 2012...       32           3         35
Provision (release)............      (2)           1        (1)
Charge-offs, net of recoveries.       --          --         --
                                 -------      ------    -------
Balance at December 31, 2013...  $    30      $    4    $    34
                                 =======      ======    =======

Valuation Allowance Methodology                                             

Mortgage loans are considered to be impaired when it is probable that,  
based upon current information and events, the Company will be unable to    
collect all amounts due under the loan agreement. Specific valuation        
allowances are established using the same methodology for both portfolio    
segments as the excess carrying                                             

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

value of a loan over either (i) the present value of expected future cash   
flows discounted at the loan's original effective interest rate, (ii) the   
estimated fair value of the loan's underlying collateral if the loan is in  
the process of foreclosure or otherwise collateral dependent, or (iii) the  
loan's observable market price. A common evaluation framework is used for   
establishing non-specific valuation allowances for both loan portfolio      
segments; however, a separate non-specific valuation allowance is calculated
 and maintained for each loan portfolio segment that is based on inputs unique
to each loan portfolio segment. Non-specific valuation allowances are       
established for pools of loans with similar risk characteristics where a    
property-specific or market-specific risk has not been identified, but for  
 which the Company expects to incur a credit loss. These evaluations are based
 upon several loan portfolio segment-specific factors, including the Company's
 experience for loan losses, defaults and loss severity, and loss expectations
 for loans with similar risk characteristics. These evaluations are revised as
conditions change and new information becomes available.                    

Commercial and Agricultural Mortgage Loan Portfolio Segments                

The Company typically uses several years of historical experience in    
establishing non-specific valuation allowances which captures multiple      
 economic cycles. For evaluations of commercial mortgage loans, in addition to
historical experience, management considers factors that include the impact 
of a rapid change to the economy, which may not be reflected in the loan    
portfolio, and recent loss and recovery trend experience as compared to     
historical loss and recovery experience. For evaluations of agricultural    
mortgage loans, in addition to historical experience, management considers  
factors that include increased stress in certain sectors, which may be      
evidenced by higher delinquency rates, or a change in the number of higher  
 risk loans. On a quarterly basis, management incorporates the impact of these
current market events and conditions on historical experience in determining
the non-specific valuation allowance established for commercial and         
agricultural mortgage loans.                                                

All commercial mortgage loans are reviewed on an ongoing basis which may
 include an analysis of the property financial statements and rent roll, lease
rollover analysis, property inspections, market analysis, estimated         
valuations of the underlying collateral, loan-to-value ratios, debt service 
 coverage ratios, and tenant creditworthiness. All agricultural mortgage loans
are monitored on an ongoing basis. The monitoring process focuses on higher 
risk loans, which include those that are classified as restructured,        
delinquent or in foreclosure, as well as loans with higher loan-to-value    
ratios and lower debt service coverage ratios. The monitoring process for   
agricultural mortgage loans is generally similar to the commercial mortgage 
 loan monitoring process, with a focus on higher risk loans, including reviews
on a geographic and property-type basis. Higher risk loans are reviewed     
individually on an ongoing basis for potential credit loss and specific     
valuation allowances are established using the methodology described above. 
Quarterly, the remaining loans are reviewed on a pool basis by aggregating  
groups of loans that have similar risk characteristics for potential credit 
loss, and non-specific valuation allowances are established as described    
above using inputs that are unique to each segment of the loan portfolio.   

  For commercial mortgage loans, the primary credit quality indicator is the
 debt service coverage ratio, which compares a property's net operating income
to amounts needed to service the principal and interest due under the loan. 
Generally, the lower the debt service coverage ratio, the higher the risk of
experiencing a credit loss. The Company also reviews the loan-to-value ratio
of its commercial mortgage loan portfolio. Loan-to-value ratios compare the 
unpaid principal balance of the loan to the estimated fair value of the     
underlying collateral. Generally, the higher the loan-to-value ratio, the   
higher the risk of experiencing a credit loss. The debt service coverage    
ratio and loan-to-value ratio, as well as the values utilized in calculating
 these ratios, are updated annually, on a rolling basis, with a portion of the
loan portfolio updated each quarter.                                        

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

For agricultural mortgage loans, the Company's primary credit quality   
 indicator is the loan-to-value ratio. The values utilized in calculating this
 ratio are developed in connection with the ongoing review of the agricultural
mortgage loan portfolio and are routinely updated.                          

Credit Quality of Commercial Mortgage Loans                                   

The credit quality of commercial mortgage loans, were as follows at:      

                                                        [Enlarge/Download Table]

                                    Recorded Investment                                   
                       ----------------------------------------------                     
                        Debt Service Coverage Ratios                                      
                       ------------------------------          % of     Estimated   % of  
                       > 1.20x  1.00x - 1.20x < 1.00x  Total   Total   Fair Value   Total 
                       -------- ------------- ------- -------- ------ ------------- ------
                                    (In millions)                     (In millions)       
                                                                                          
December 31, 2013:                                                                        
Loan-to-value ratios:                                                                     
Less than 65%......... $  3,754    $  125     $  107  $  3,986  81.9%   $  4,224     82.8%
65% to 75%............      700        --         27       727   14.9        736      14.4
76% to 80%............       80        13         --        93    1.9         93       1.8
Greater than 80%......       37        26         --        63    1.3         53       1.0
                       --------    ------     ------  -------- ------   --------    ------
 Total................ $  4,571    $  164     $  134  $  4,869 100.0%   $  5,106    100.0%
                       ========    ======     ======  ======== ======   ========    ======
December 31, 2012:                                                                        
Loan-to-value ratios:                                                                     
Less than 65%......... $  3,888    $  106     $   89  $  4,083  77.5%   $  4,459     78.5%
65% to 75%............      626        32         27       685   13.0        711      12.5
76% to 80%............      343         8         57       408    7.8        428       7.6
Greater than 80%......       39        28         23        90    1.7         81       1.4
                       --------    ------     ------  -------- ------   --------    ------
 Total................ $  4,896    $  174     $  196  $  5,266 100.0%   $  5,679    100.0%
                       ========    ======     ======  ======== ======   ========    ======

Credit Quality of Agricultural Mortgage Loans                                 

The credit quality of agricultural mortgage loans, were as follows at:    

                                                                [Download Table]

                                       December 31,                 
                       ---------------------------------------------
                                2013                   2012         
                       ---------------------- ----------------------
                         Recorded     % of      Recorded     % of   
                        Investment    Total    Investment    Total  
                       ------------- -------- ------------- --------
                       (In millions)          (In millions)         
                                                                    
Loan-to-value ratios:                                               
Less than 65%.........   $  1,215       94.6%   $  1,184       94.0%
65% to 75%............         70         5.4         76         6.0
                         --------    --------   --------    --------
 Total................   $  1,285      100.0%   $  1,260      100.0%
                         ========    ========   ========    ========

 The estimated fair value of agricultural mortgage loans was $1.3 billion at
both December 31, 2013 and 2012.                                              

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Past Due and Interest Accrual Status of Mortgage Loans                        

The Company has a high quality, well performing, mortgage loan portfolio,   
with 99% of all mortgage loans classified as performing at both December 31,    
2013 and 2012. The Company defines delinquency consistent with industry         
practice, when mortgage loans are past due as follows: commercial mortgage      
loans -- 60 days and agricultural mortgage loans -- 90 days. The Company had no 
agricultural mortgage loans past due and one commercial mortgage loan in        
non-accrual status with a recorded investment of $22 million at December 31,    
2013. The Company had no mortgage loans past due and no loans in nonaccrual     
status at December 31, 2012.                                                    

Impaired Mortgage Loans                                                       

Impaired mortgage loans, including those modified in a troubled debt      
restructuring, by portfolio segment, were as follows at and for the years     
ended:                                                                        

                                                        [Enlarge/Download Table]

                                                              Loans without                                            
                      Loans with a Valuation Allowance     a Valuation Allowance           All Impaired Loans          
                  ---------------------------------------- --------------------  --------------------------------------
                   Unpaid                                   Unpaid                Unpaid             Average           
                  Principal  Recorded  Valuation  Carrying Principal   Recorded  Principal Carrying  Recorded  Interest
                   Balance  Investment Allowances  Value    Balance   Investment  Balance   Value   Investment  Income 
                  --------- ---------- ---------- -------- ---------  ---------- --------- -------- ---------- --------
                                                             (In millions)                                             
                                                                                                                       
December 31, 2013:                                                                                                     
Commercial.......  $   22    $     22   $      7  $    15   $    52    $    50    $   74    $   65   $    73    $   3  
Agricultural (1).       4           4         --        4        --         --         4         4         2       --  
                   ------    --------   --------  -------   -------    -------    ------    ------   -------    -----  
  Total..........  $   26    $     26   $      7  $    19   $    52    $    50    $   78    $   69   $    75    $   3  
                   ======    ========   ========  =======   =======    =======    ======    ======   =======    =====  
December 31, 2012:                                                                                                     
Commercial.......  $   76    $     76   $     11  $    65   $    --    $    --    $   76    $   65   $    67    $   2  
Agricultural.....      --          --         --       --        --         --        --        --        --       --  
                   ------    --------   --------  -------   -------    -------    ------    ------   -------    -----  
  Total..........  $   76    $     76   $     11  $    65   $    --    $    --    $   76    $   65   $    67    $   2  
                   ======    ========   ========  =======   =======    =======    ======    ======   =======    =====  

--------                                                                        

(1)Valuation allowance on agricultural mortgage loans was less than $1 million  
for the year ended December 31, 2013.                                     

Unpaid principal balance is generally prior to any charge-offs. Interest  
income recognized is primarily cash basis income. The average recorded        
investment for commercial and agricultural mortgage loans was $29 million and 
$4 million, respectively, for the year ended December 31, 2011; and interest  
income recognized for commercial and agricultural mortgage loans was $2       
million and $0, respectively, for the year ended December 31, 2011.           

Mortgage Loans Modified in a Troubled Debt Restructuring                      

For a small portion of the mortgage loan portfolio, classified as troubled
debt restructurings, concessions are granted related to borrowers experiencing
financial difficulties. Generally, the types of concessions include: reduction
of the contractual interest rate, extension of the maturity date at an        
interest rate lower than current market interest rates, and/or a reduction of 
accrued interest. The amount, timing and extent of the concession granted is  
considered in determining any impairment or changes in the specific valuation 
allowance recorded                                                            

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

with the restructuring. Through the continuous monitoring process, a specific 
valuation allowance may have been recorded prior to the quarter when the      
mortgage loan is modified in a troubled debt restructuring. Accordingly, the  
carrying value (after specific valuation allowance) before and after          
modification through a troubled debt restructuring may not change             
significantly, or may increase if the expected recovery is higher than the    
pre-modification recovery assessment.                                         

The Company had one agricultural mortgage loan modified in a troubled debt  
restructuring with a pre-modification and post-modification carrying value of   
$4 million during the year ended December 31, 2013. There were no agricultural  
mortgage loans modified in a troubled debt restructuring during the year ended  
December 31, 2012. There were no commercial mortgage loans modified in a        
troubled debt restructuring during the year ended December 31, 2013. The        
Company had one commercial mortgage loan modified during the year ended         
December 31, 2012 in a troubled debt restructuring which had a carrying value   
after specific valuation allowance of $53 million pre-modification and $48      
million post-modification.                                                      

There were no mortgage loans during the previous 12 months modified in a    
troubled debt restructuring with a subsequent payment default at December 31,   
2013 and 2012. Payment default is determined in the same manner as delinquency  
status as described above.                                                      

Other Invested Assets                                                           

 Other invested assets is comprised primarily of freestanding derivatives with
positive estimated fair values (see Note 8), loans to affiliates (see "--       
Related Party Investment Transactions), tax credit and renewable energy         
partnerships and leveraged leases.                                              

Leveraged Leases                                                              

Investment in leveraged leases consisted of the following at:             

                                                        [Enlarge/Download Table]

                                                                        December 31,    
                                                                     -------------------
                                                                       2013      2012   
                                                                     --------- ---------
                                                                        (In millions)   
                                                                                        
Rental receivables, net............................................. $      92 $      92
Estimated residual values...........................................        14        14
                                                                     --------- ---------
   Subtotal.........................................................       106       106
Unearned income.....................................................      (35)      (37)
                                                                     --------- ---------
       Investment in leveraged leases, net of non-recourse debt..... $      71 $      69
                                                                     ========= =========

Rental receivables are generally due in periodic installments. The payment
periods range from two to 19 years. For rental receivables, the primary credit
quality indicator is whether the rental receivable is performing or           
nonperforming, which is assessed monthly. The Company generally defines       
nonperforming rental receivables as those that are 90 days or more past due.  
At December 31, 2013 and 2012, all rental receivables were performing.        

The deferred income tax liability related to leveraged leases was $63     
million and $53 million at December 31, 2013 and 2012, respectively.          

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

 The components of income from investment in leveraged leases, excluding net
investment gains (losses), were as follows:                                   

                                                        [Enlarge/Download Table]

                                                                  Years Ended December 31, 
                                                                 --------------------------
                                                                   2013     2012     2011  
                                                                 -------- -------- --------
                                                                       (In millions)       
                                                                                           
Income from investment in leveraged leases...................... $      2 $      5 $      8
Less: Income tax expense on leveraged leases....................        1        2        3
                                                                 -------- -------- --------
Investment income after income tax from investment in leveraged                            
  leases........................................................ $      1 $      3 $      5
                                                                 ======== ======== ========

Cash Equivalents                                                                

The carrying value of cash equivalents, which includes securities and other 
investments with an original or remaining maturity of three months or less at   
the time of purchase, was $469 million and $654 million at December 31, 2013    
and 2012, respectively.                                                         

Net Unrealized Investment Gains (Losses)                                        

 The components of net unrealized investment gains (losses), included in AOCI,
were as follows:                                                                

                                                        [Enlarge/Download Table]

                                                                          Years Ended December 31,  
                                                                        ----------------------------
                                                                          2013     2012      2011   
                                                                        -------- -------- ----------
                                                                               (In millions)        
                                                                                                    
Fixed maturity securities.............................................. $  1,819 $  5,019 $    3,690
Fixed maturity securities with noncredit OTTI losses in AOCI...........     (41)     (64)      (125)
                                                                        -------- -------- ----------
 Total fixed maturity securities.......................................    1,778    4,955      3,565
Equity securities......................................................       15       12       (41)
Derivatives............................................................       39      243        239
Short-term investments.................................................        1      (2)        (2)
Other..................................................................     (71)     (17)        (5)
                                                                        -------- -------- ----------
 Subtotal..............................................................    1,762    5,191      3,756
                                                                        -------- -------- ----------
Amounts allocated from:                                                                             
 Insurance liability loss recognition..................................       --    (739)      (325)
 DAC and VOBA related to noncredit OTTI losses recognized in                                        
   AOCI................................................................      (1)        4          9
 DAC and VOBA..........................................................    (274)    (671)      (509)
                                                                        -------- -------- ----------
   Subtotal............................................................    (275)  (1,406)      (825)
Deferred income tax benefit (expense) related to noncredit OTTI losses                              
  recognized in AOCI...................................................       16       22         42
Deferred income tax benefit (expense)..................................    (591)  (1,358)    (1,063)
                                                                        -------- -------- ----------
Net unrealized investment gains (losses)............................... $    912 $  2,449 $    1,910
                                                                        ======== ======== ==========

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

The changes in fixed maturity securities with noncredit OTTI losses included
in AOCI were as follows:                                                        

                                                        [Enlarge/Download Table]

                                                               Years Ended December 31,  
                                                             ----------------------------
                                                                 2013           2012     
                                                             ------------- --------------
                                                                    (In millions)        
                                                                                         
Balance at January 1,....................................... $        (64) $        (125)
Noncredit OTTI losses and subsequent changes recognized (1).            11            (3)
Securities sold with previous noncredit OTTI loss...........            21             35
Subsequent changes in estimated fair value..................           (9)             29
                                                             ------------- --------------
Balance at December 31,..................................... $        (41) $         (64)
                                                             ============= ==============

--------                                                                        

(1)Noncredit OTTI losses and subsequent changes recognized, net of DAC, were $7 
million and $5 million for the years ended December 31, 2013 and 2012,    
respectively.                                                             

The changes in net unrealized investment gains (losses) were as follows:    

                                                        [Enlarge/Download Table]

                                                                       Years Ended December 31,   
                                                                    ------------------------------
                                                                       2013       2012      2011  
                                                                    ---------- ---------- --------
                                                                            (In millions)         
                                                                                                  
Balance at January 1,.............................................. $    2,449 $    1,910 $    342
Fixed maturity securities on which noncredit OTTI losses have been                                
  recognized.......................................................         23         61     (39)
Unrealized investment gains (losses) during the year...............    (3,452)      1,374    3,138
Unrealized investment gains (losses) relating to:                                                 
 Insurance liability gain (loss) recognition.......................        739      (414)    (292)
 DAC and VOBA related to noncredit OTTI losses recognized in                                      
   AOCI............................................................        (5)        (5)        4
 DAC and VOBA......................................................        397      (162)    (390)
 Deferred income tax benefit (expense) related to noncredit OTTI                                  
   losses recognized in AOCI.......................................        (6)       (20)       12
 Deferred income tax benefit (expense).............................        767      (295)    (865)
                                                                    ---------- ---------- --------
Balance at December 31,............................................ $      912 $    2,449 $  1,910
                                                                    ========== ========== ========
Change in net unrealized investment gains (losses)................. $  (1,537) $      539 $  1,568
                                                                    ========== ========== ========

Concentrations of Credit Risk                                                   

There were no investments in any counterparty that were greater than 10% of 
the Company's stockholders' equity, other than the U.S. government and its      
agencies, at both December 31, 2013 and 2012.                                   

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Securities Lending                                                              

Elements of the securities lending program are presented below at:          

                                                                [Download Table]

                                                            December 31,     
                                                        ---------------------
                                                           2013       2012   
                                                        ---------- ----------
                                                            (In millions)    
                                                                             
Securities on loan: (1)                                                      
 Amortized cost........................................ $    5,931 $    6,154
 Estimated fair value.................................. $    5,984 $    7,339
Cash collateral on deposit from counterparties (2)..... $    6,140 $    7,502
Security collateral on deposit from counterparties (3). $       -- $       51
Reinvestment portfolio -- estimated fair value......... $    6,145 $    7,533

--------                                                                        

(1)Included within fixed maturity securities, short-term investments, cash and  
cash equivalents and equity securities.                                   

(2)Included within payables for collateral under securities loaned and other    
transactions.                                                             

(3)Security collateral on deposit from counterparties may not be sold or        
repledged, unless the counterparty is in default, and is not reflected in 
the consolidated financial statements.                                    

Invested Assets on Deposit and Pledged as Collateral                            

Invested assets on deposit and pledged as collateral are presented below at 
estimated fair value for cash and cash equivalents, short-term investments and  
fixed maturity securities and at carrying value for mortgage loans at:          

                                                                [Download Table]

                                                                 December 31,     
                                                             ---------------------
                                                                2013       2012   
                                                             ---------- ----------
                                                                 (In millions)    
                                                                                  
Invested assets on deposit (regulatory deposits) (1)........ $       56 $       58
Invested assets pledged as collateral (2)...................      1,901      1,569
                                                             ---------- ----------
 Total invested assets on deposit and pledged as collateral. $    1,957 $    1,627
                                                             ========== ==========

--------                                                                        

(1)See Note 1 for information about invested assets that became restricted      
 under the MetLife Insurance Company of Connecticut plan to withdraw its New
York license on January 1, 2014.                                          

(2)The Company has pledged invested assets in connection with various           
agreements and transactions, including funding agreements (see Note 4) and
derivative transactions (see Note 8).                                     

See "-- Securities Lending" for securities on loan.                     

Purchased Credit Impaired Investments                                           

Investments acquired with evidence of credit quality deterioration since    
origination and for which it is probable at the acquisition date that the       
Company will be unable to collect all contractually required payments           

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

are classified as purchased credit impaired ("PCI") investments. For each       
investment, the excess of the cash flows expected to be collected as of the     
acquisition date over its acquisition date fair value is referred to as the     
accretable yield and is recognized as net investment income on an effective     
yield basis. If subsequently, based on current information and events, it is    
probable that there is a significant increase in cash flows previously expected 
to be collected or if actual cash flows are significantly greater than cash     
flows previously expected to be collected, the accretable yield is adjusted     
prospectively. The excess of the contractually required payments (including     
interest) as of the acquisition date over the cash flows expected to be         
collected as of the acquisition date is referred to as the nonaccretable        
difference, and this amount is not expected to be realized as net investment    
income. Decreases in cash flows expected to be collected can result in OTTI.    

The Company's PCI fixed maturity securities were as follows at:             

                                                                [Download Table]

                                                    December 31,     
                                                ---------------------
                                                   2013       2012   
                                                ---------- ----------
                                                    (In millions)    
                                                                     
Outstanding principal and interest balance (1). $      648 $      560
Carrying value (2)............................. $      498 $      459

--------                                                                        

(1)Represents the contractually required payments, which is the sum of          
contractual principal, whether or not currently due, and accrued interest.

(2)Estimated fair value plus accrued interest.                                  

The following table presents information about PCI fixed maturity securities
acquired during the periods indicated:                                          

                                                                [Download Table]

                                                          December 31,     
                                                      ---------------------
                                                         2013       2012   
                                                      ---------- ----------
                                                          (In millions)    
                                                                           
Contractually required payments (including interest). $      238 $      172
Cash flows expected to be collected (1).............. $      183 $       88
Fair value of investments acquired................... $      128 $       55

--------                                                                        

(1)Represents undiscounted principal and interest cash flow expectations, at    
the date of acquisition.                                                  

The following table presents activity for the accretable yield on PCI fixed 
maturity securities for:                                                        

                                                                [Download Table]

                                                         December 31,     
                                                     ---------------------
                                                        2013       2012   
                                                     ---------- ----------
                                                         (In millions)    
                                                                          
Accretable yield, January 1,........................ $      309 $      320
Investments purchased...............................         55         33
Accretion recognized in earnings....................       (24)       (18)
Disposals...........................................        (8)        (4)
Reclassification (to) from nonaccretable difference.       (24)       (22)
                                                     ---------- ----------
Accretable yield, December 31,...................... $      308 $      309
                                                     ========== ==========

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Collectively Significant Equity Method Investments                              

The Company holds investments in real estate joint ventures, real estate    
funds and other limited partnership interests consisting of leveraged buy-out   
funds, hedge funds, private equity funds, joint ventures and other funds. The   
portion of these investments accounted for under the equity method had a        
carrying value of $2.6 billion at December 31, 2013. The Company's maximum      
exposure to loss related to these equity method investments is limited to the   
carrying value of these investments plus unfunded commitments of $862 million   
at December 31, 2013. Except for certain real estate joint ventures, the        
Company's investments in real estate funds and other limited partnership        
interests are generally of a passive nature in that the Company does not        
participate in the management of the entities.                                  

As described in Note 1, the Company generally records its share of earnings 
in its equity method investments using a three-month lag methodology and within 
net investment income. Aggregate net investment income from these equity method 
investments exceeded 10% of the Company's consolidated pre-tax income (loss)    
from continuing operations. This aggregated summarized financial data does not  
represent the Company's proportionate share of the assets, liabilities, or      
earnings of such entities.                                                      

The aggregated summarized financial data presented below reflects the latest
available financial information and is as of, and for, the years ended          
December 31, 2013, 2012 and 2011. Aggregate total assets of these entities      
totaled $217.3 billion and $178.3 billion at December 31, 2013 and 2012,        
respectively. Aggregate total liabilities of these entities totaled $16.3       
billion and $12.4 billion at December 31, 2013 and 2012, respectively.          
Aggregate net income (loss) of these entities totaled $20.9 billion, $13.1      
billion and $7.1 billion for the years ended December 31, 2013, 2012 and 2011,  
respectively. Aggregate net income (loss) from the underlying entities in which 
the Company invests is primarily comprised of investment income, including      
recurring investment income and realized and unrealized investment gains        
(losses).                                                                       

Variable Interest Entities                                                      

 The Company has invested in certain structured transactions that are VIEs. In
certain instances, the Company holds both the power to direct the most          
significant activities of the entity, as well as an economic interest in the    
entity and, as such, is deemed to be the primary beneficiary or consolidator of 
the entity.                                                                     

The determination of the VIE's primary beneficiary requires an evaluation of
the contractual and implied rights and obligations associated with each party's 
relationship with or involvement in the entity, an estimate of the entity's     
expected losses and expected residual returns and the allocation of such        
estimates to each party involved in the entity. The Company generally uses a    
qualitative approach to determine whether it is the primary beneficiary.        
However, for VIEs that are investment companies or apply measurement principles 
consistent with those utilized by investment companies, the primary beneficiary 
is based on a risks and rewards model and is defined as the entity that will    
absorb a majority of a VIE's expected losses, receive a majority of a VIE's     
expected residual returns if no single entity absorbs a majority of expected    
losses, or both. The Company reassesses its involvement with VIEs on a          
quarterly basis. The use of different methodologies, assumptions and inputs in  
the determination of the primary beneficiary could have a material effect on    
the amounts presented within the consolidated financial statements.             

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Consolidated VIEs                                                             

  The following table presents the total assets and total liabilities relating
to VIEs for which the Company has concluded that it is the primary beneficiary
and which are consolidated at December 31, 2013 and 2012. Creditors or        
beneficial interest holders of VIEs where the Company is the primary          
beneficiary have no recourse to the general credit of the Company, as the     
Company's obligation to the VIEs is limited to the amount of its committed    
investment.                                                                   

                                                                [Download Table]

                                               December 31,   
                                             -----------------
                                               2013     2012  
                                             -------- --------
                                               (In millions)  
                                                              
CSEs: (1)                                                     
Assets:                                                       
 Mortgage loans (commercial mortgage loans). $  1,598 $  2,666
 Accrued investment income..................        9       13
                                             -------- --------
   Total assets............................. $  1,607 $  2,679
                                             ======== ========
Liabilities:                                                  
 Long-term debt............................. $  1,461 $  2,559
 Other liabilities..........................        7       13
                                             -------- --------
   Total liabilities........................ $  1,468 $  2,572
                                             ======== ========

--------                                                                        

(1)The Company consolidates entities that are structured as CMBS. The assets of 
 these entities can only be used to settle their respective liabilities, and
under no circumstances is the Company liable for any principal or interest
shortfalls should any arise. The Company's exposure was limited to that of
its remaining investment in these entities of $120 million and $92 million
at estimated fair value at December 31, 2013 and 2012, respectively. The  
  long-term debt bears interest primarily at fixed rates ranging from 2.25% to
5.57%, payable primarily on a monthly basis. Interest expense related to  
these obligations, included in other expenses, was $122 million, $163     
million and $322 million for the years ended December 31, 2013, 2012 and  
2011, respectively.                                                       

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Unconsolidated VIEs                                                           

The carrying amount and maximum exposure to loss relating to VIEs in which
the Company holds a significant variable interest but is not the primary      
beneficiary and which have not been consolidated were as follows at:          

                                                        [Enlarge/Download Table]

                                                                December 31,                
                                                 -------------------------------------------
                                                         2013                  2012         
                                                 --------------------- ---------------------
                                                             Maximum               Maximum  
                                                 Carrying   Exposure   Carrying   Exposure  
                                                  Amount   to Loss (1)  Amount   to Loss (1)
                                                 --------- ----------- --------- -----------
                                                                (In millions)               
                                                                                            
Fixed maturity securities AFS:                                                              
 Structured securities (RMBS, ABS and CMBS) (2). $   8,393  $   8,393  $  10,347  $  10,347 
 U.S. and foreign corporate.....................       468        468        651        651 
Other limited partnership interests.............     1,651      2,077      1,408      1,930 
Real estate joint ventures......................        41         45         71         74 
Other invested assets...........................         9         44         --         -- 
                                                 ---------  ---------  ---------  --------- 
 Total.......................................... $  10,562  $  11,027  $  12,477  $  13,002 
                                                 =========  =========  =========  ========= 

--------                                                                        

(1)The maximum exposure to loss relating to fixed maturity securities AFS is    
equal to their carrying amounts or the carrying amounts of retained       
interests. The maximum exposure to loss relating to other limited         
partnership interests and real estate joint ventures is equal to the      
carrying amounts plus any unfunded commitments of the Company. For its    
  investments in other invested assets, the Company's return is in the form of
income tax credits. For such investments, the maximum exposure to loss is 
equal to the carrying amounts plus any unfunded commitment. Such a maximum
loss would be expected to occur only upon bankruptcy of the issuer or     
investee.                                                                 

(2)For these variable interests, the Company's involvement is limited to that   
of a passive investor.                                                    

As described in Note 15, the Company makes commitments to fund partnership
investments in the normal course of business. Excluding these commitments, the
Company did not provide financial or other support to investees designated as 
VIEs during the years ended December 31, 2013, 2012 and 2011.                 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Net Investment Income                                                           

The components of net investment income were as follows:                    

                                                        [Enlarge/Download Table]

                                                                         Years Ended December 31,
                                                                         ------------------------
                                                                          2013     2012    2011  
                                                                          ------  ------  ------ 
                                                                            (In millions)        
                                                                                                 
Investment income:                                                                               
 Fixed maturity securities.............................................. $2,102   $2,143  $2,147 
 Equity securities......................................................     12        9      10 
 Mortgage loans.........................................................    344      357     347 
 Policy loans...........................................................     55       59      63 
 Real estate and real estate joint ventures.............................     56       83      24 
 Other limited partnership interests....................................    266      167     176 
 Cash, cash equivalents and short-term investments......................      4        5       5 
 International joint ventures...........................................    (5)      (2)     (5) 
 Other..................................................................     --      (2)       4 
                                                                          ------  ------  ------ 
   Subtotal.............................................................  2,834    2,819   2,771 
 Less: Investment expenses..............................................    114      101     100 
                                                                          ------  ------  ------ 
   Subtotal, net........................................................  2,720    2,718   2,671 
                                                                          ------  ------  ------ 
FVO securities--FVO contractholder-directed unit-linked investments (1).     --       62      71 
 FVO CSEs--interest income--commercial mortgage loans...................    132      172     332 
                                                                          ------  ------  ------ 
   Subtotal.............................................................    132      234     403 
                                                                          ------  ------  ------ 
     Net investment income.............................................. $2,852   $2,952  $3,074 
                                                                          ======  ======  ====== 

--------                                                                        

(1)There were no changes in estimated fair value subsequent to purchase for     
 securities still held as of the end of the respective years included in net
investment income for both the years ended December 31, 2013 and 2012.    
Changes in estimated fair value subsequent to purchase for securities     
included in net investment income were ($11) million for the year ended   
December 31, 2011.                                                        

See "-- Variable Interest Entities" for discussion of CSEs.             

   See "-- Related Party Investment Transactions" for discussion of affiliated
net investment income and investment expenses.                              

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Net Investment Gains (Losses)                                                   

Components of Net Investment Gains (Losses)                                   

The components of net investment gains (losses) were as follows:          

                                                        [Enlarge/Download Table]

                                                                              Years Ended December 31,
                                                                            --------------------------
                                                                             2013     2012      2011  
                                                                             ------   -------  ------ 
                                                                                (In millions)         
                                                                                                      
Total gains (losses) on fixed maturity securities:                                                    
 Total OTTI losses recognized -- by sector and industry:                                              
   U.S. and foreign corporate securities -- by industry:                                              
     Transportation........................................................ $  (3)   $  (16)   $   -- 
     Finance...............................................................    (3)       (7)      (9) 
     Utility...............................................................     --       (3)       -- 
     Communications........................................................     --       (2)     (11) 
     Industrial............................................................     --       (1)      (2) 
                                                                             ------   -------  ------ 
       Total U.S. and foreign corporate securities.........................    (6)      (29)     (22) 
   RMBS....................................................................   (14)      (20)     (17) 
   ABS.....................................................................     --        --      (5) 
   CMBS....................................................................     --        --      (3) 
                                                                             ------   -------  ------ 
 OTTI losses on fixed maturity securities recognized in earnings...........   (20)      (49)     (47) 
 Fixed maturity securities -- net gains (losses) on sales and disposals....     58       145       81 
                                                                             ------   -------  ------ 
        Total gains (losses) on fixed maturity securities..................     38        96       34 
                                                                             ------   -------  ------ 
Total gains (losses) on equity securities:                                                            
 Total OTTI losses recognized -- by sector:                                                           
   Non-redeemable preferred stock..........................................    (3)        --      (6) 
   Common stock............................................................    (2)       (9)      (2) 
                                                                             ------   -------  ------ 
 OTTI losses on equity securities recognized in earnings...................    (5)       (9)      (8) 
 Equity securities -- net gains (losses) on sales and disposals............     10         5     (13) 
                                                                             ------   -------  ------ 
        Total gains (losses) on equity securities..........................      5       (4)     (21) 
                                                                             ------   -------  ------ 
 Mortgage loans............................................................      5        27       26 
 Real estate and real estate joint ventures................................      2       (3)      (1) 
 Other limited partnership interests.......................................    (6)       (2)      (5) 
 Other investment portfolio gains (losses).................................      8         4      (9) 
                                                                             ------   -------  ------ 
        Subtotal -- investment portfolio gains (losses)....................     52       118       24 
                                                                             ------   -------  ------ 
FVO CSEs:                                                                                             
 Commercial mortgage loans.................................................   (56)         7     (84) 
 Long-term debt -- related to commercial mortgage loans....................     88        27       93 
Non-investment portfolio gains (losses)....................................    (2)        --        2 
                                                                             ------   -------  ------ 
        Subtotal FVO CSEs and non-investment portfolio gains (losses)......     30        34       11 
                                                                             ------   -------  ------ 
          Total net investment gains (losses).............................. $   82   $   152   $   35 
                                                                             ======   =======  ====== 

See "-- Variable Interest Entities" for discussion of CSEs.               

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

 See "-- Related Party Investment Transactions" for discussion of affiliated
net investment gains (losses) related to transfers of invested assets to      
affiliates.                                                                   

Gains (losses) from foreign currency transactions included within net     
investment gains (losses) was less than $1 million, $2 million and ($7)       
million for the years ended December 31, 2013, 2012 and 2011, respectively.   

Sales or Disposals and Impairments of Fixed Maturity and Equity Securities    

Proceeds from sales or disposals of fixed maturity and equity securities and
the components of fixed maturity and equity securities net investment gains     
(losses) are as shown in the table below. Investment gains and losses on sales  
of securities are determined on a specific identification basis.                

                                                        [Enlarge/Download Table]

                                                     Years Ended December 31,                         
                             -------------------------------------------------------------------------
                               2013    2012     2011    2013    2012   2011    2013    2012     2011  
                             -------- ------- -------- ------- ------ ------ -------- ------- --------
                             Fixed Maturity Securities   Equity Securities             Total          
                             ------------------------- --------------------- -------------------------
                                                           (In millions)                              
                                                                                                      
Proceeds.................... $ 11,051 $ 6,690 $ 11,634 $    75 $   39 $  190 $ 11,126 $ 6,729 $ 11,824
                             ======== ======= ======== ======= ====== ====== ======== ======= ========
Gross investment gains...... $    189 $   186 $    182 $    19 $    9 $    9 $    208 $   195 $    191
                             -------- ------- -------- ------- ------ ------ -------- ------- --------
Gross investment losses.....    (131)    (41)    (101)     (9)    (4)   (22)    (140)    (45)    (123)
                             -------- ------- -------- ------- ------ ------ -------- ------- --------
Total OTTI losses:                                                                                    
  Credit-related............     (17)    (42)     (38)      --     --     --     (17)    (42)     (38)
  Other (1).................      (3)     (7)      (9)     (5)    (9)    (8)      (8)    (16)     (17)
                             -------- ------- -------- ------- ------ ------ -------- ------- --------
   Total OTTI losses........     (20)    (49)     (47)     (5)    (9)    (8)     (25)    (58)     (55)
                             -------- ------- -------- ------- ------ ------ -------- ------- --------
    Net investment gains                                                                              
     (losses)............... $     38 $    96 $     34 $     5 $  (4) $ (21) $     43 $    92 $     13
                             ======== ======= ======== ======= ====== ====== ======== ======= ========

--------                                                                        

(1)Other OTTI losses recognized in earnings include impairments on (i) equity   
securities, (ii) perpetual hybrid securities classified within fixed      
maturity securities where the primary reason for the impairment was the   
 severity and/or the duration of an unrealized loss position and (iii) fixed
maturity securities where there is an intent to sell or it is more likely 
than not that the Company will be required to sell the security before    
recovery of the decline in estimated fair value.                          

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

Credit Loss Rollforward                                                       

The table below presents a rollforward of the cumulative credit loss        
component of OTTI loss recognized in earnings on fixed maturity securities      
still held for which a portion of the OTTI loss was recognized in OCI:          

                                                        [Enlarge/Download Table]

                                                                  Years Ended December 31,  
                                                                 ---------------------------
                                                                     2013          2012     
                                                                 ------------- -------------
                                                                        (In millions)       
                                                                                            
Balance at January 1,........................................... $          59 $          55
Additions:                                                                                  
 Initial impairments -- credit loss OTTI recognized on                                      
   securities not previously impaired...........................             1             6
 Additional impairments -- credit loss OTTI recognized on                                   
   securities previously impaired...............................            12            15
Reductions:                                                                                 
 Sales (maturities, pay downs or prepayments) during the period                             
   of securities previously impaired as credit loss OTTI........          (15)          (17)
                                                                 ------------- -------------
Balance at December 31,......................................... $          57 $          59
                                                                 ============= =============

Related Party Investment Transactions                                         

 The Company transfers invested assets, primarily consisting of fixed maturity
securities, to and from affiliates. Invested assets transferred to and from     
affiliates were as follows:                                                     

                                                        [Enlarge/Download Table]

                                                                     Years Ended December 31,
                                                                     ------------------------
                                                                       2013    2012    2011  
                                                                     -------- ------- -------
                                                                          (In millions)      
                                                                                             
Estimated fair value of invested assets transferred to affiliates... $    874 $    -- $    --
Amortized cost of invested assets transferred to affiliates......... $    827 $    -- $    --
Net investment gains (losses) recognized on transfers............... $     47 $    -- $    --
Estimated fair value of invested assets transferred from affiliates. $    834 $    -- $    33

Included within the transfers to affiliates in 2013 and transfers from      
affiliates in 2013 was $739 million and $751 million, respectively, related to  
the establishment of a custodial account to secure certain policyholder         
liabilities. See Note 1.                                                        

The Company has affiliated loans outstanding to wholly-owned real estate    
subsidiaries of an affiliate, MLIC, which are included in mortgage loans, with  
a carrying value of $364 million and $306 million at December 31, 2013 and      
2012, respectively. Two loans issued in 2013 totaling $60 million bear interest 
at one-month LIBOR + 4.50% with quarterly interest only payments of less than   
$1 million through January 2017, when the principal balance is due. A loan with 
a carrying value of $110 million, at both December 31, 2013 and 2012, bears     
interest at one-month LIBOR + 1.95% with quarterly interest only payments of $1 
million through January 2015, when the principal balance is due. A loan with a  
carrying value of $134 million and $136 million at December 31, 2013 and 2012,  
respectively, bears interest at 7.26% due in quarterly principal and interest   
payments of $3 million through January 2020, when the principal balance is due. 
A loan with a carrying value of $60 million, at both December 31, 2013 and      
2012, bears interest at 7.01% with quarterly interest only payments of $1       
million through January 2020, when the principal balance is due. These          
affiliated loans are secured by interests in the real estate                    

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Investments (continued)                                                      

subsidiaries, which own operating real estate with a fair value in excess of    
the loans. Net investment income from these affiliated loans was $16 million,   
$17 million and $14 million for the years ended December 31, 2013, 2012 and     
2011, respectively.                                                             

The Company has affiliated loans outstanding, which are included in other   
invested assets, totaling $430 million at both December 31, 2013 and 2012. At   
December 31, 2011, the loans were outstanding with Exeter, an affiliate. During 
2012, MetLife assumed this affiliated debt from Exeter. The loans of $305       
million, issued by MetLife Insurance Company of Connecticut and $125 million,   
issued by MLI-USA, are due on July 15, 2021 and December 16, 2021,              
respectively, and bear interest, payable semi-annually, at 5.64% and 5.86%,     
respectively. Net investment income from these affiliated loans was $25         
million, $25 million and $8 million for the years ended December 31, 2013, 2012 
and 2011, respectively.                                                         

In July 2013, the Company committed to lend up to $1.8 billion to Exeter, an
affiliate, pursuant to a note purchase agreement. Pursuant to the agreement,    
MetLife Insurance Company of Connecticut committed to purchase up to            
$1.3 billion of notes and MLI-USA committed to purchase up to $438 million of   
notes through December 31, 2014. The notes will be due not later than three     
years after issuance. The repayment of any notes issued pursuant to this        
agreement is guaranteed by MetLife. In October 2013, pursuant to this           
agreement, the Company issued loans to Exeter which are included in other       
invested assets, totaling $500 million at December 31, 2013. The loans of $375  
million, issued by MetLife Insurance Company of Connecticut, and $125 million,  
issued by MLI-USA, are both due October 15, 2015, and bear interest, payable    
semi-annually, at 2.47%. Net investment income from this loan was $3 million at 
December 31, 2013. The remaining total commitment to lend is $1.2 billion with  
$925 million committed by MetLife Insurance Company of Connecticut and $313     
million committed by MLI-USA at December 31, 2013.                              

The Company receives investment administrative services from an affiliate.  
The related investment administrative service charges were $68 million for both 
years ended December 31, 2013 and 2012 and $67 million for the year ended       
December 31, 2011. The Company also had additional affiliated net investment    
income of $1 million for the year ended December 31, 2013 and less than $1      
million for both of the years ended December 31, 2012 and 2011.                 

8. Derivatives                                                                  

Accounting for Derivatives                                                      

See Note 1 for a description of the Company's accounting policies for       
derivatives and Note 9 for information about the fair value hierarchy for       
derivatives.                                                                    

Derivative Strategies                                                           

The Company is exposed to various risks relating to its ongoing business    
operations, including interest rate, foreign currency exchange rate, credit and 
equity market. The Company uses a variety of strategies to manage these risks,  
including the use of derivatives.                                               

Derivatives are financial instruments whose values are derived from interest
rates, foreign currency exchange rates, credit spreads and/or other financial   
indices. Derivatives may be exchange-traded or contracted in the                

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

over-the-counter ("OTC") market. Certain of the Company's OTC derivatives are   
cleared and settled through central clearing counterparties ("OTC-cleared"),    
while others are bilateral contracts between two counterparties                 
("OTC-bilateral"). The types of derivatives the Company uses include swaps,     
forwards, futures and option contracts. To a lesser extent, the Company uses    
credit default swaps to synthetically replicate investment risks and returns    
which are not readily available in the cash market.                             

Interest Rate Derivatives                                                     

The Company uses a variety of interest rate derivatives to reduce its       
exposure to changes in interest rates, including interest rate swaps, caps,     
floors, futures and forwards.                                                   

Interest rate swaps are used by the Company primarily to reduce market risks
from changes in interest rates and to alter interest rate exposure arising from 
mismatches between assets and liabilities (duration mismatches). In an interest 
rate swap, the Company agrees with another party to exchange, at specified      
intervals, the difference between fixed rate and floating rate interest amounts 
as calculated by reference to an agreed notional amount. The Company utilizes   
interest rate swaps in fair value, cash flow and non-qualifying hedging         
relationships.                                                                  

The Company purchases interest rate caps and floors primarily to protect its
floating rate liabilities against rises in interest rates above a specified     
level, and against interest rate exposure arising from mismatches between       
assets and liabilities, as well as to protect its minimum rate guarantee        
liabilities against declines in interest rates below a specified level,         
respectively. In certain instances, the Company locks in the economic impact of 
existing purchased caps and floors by entering into offsetting written caps and 
floors. The Company utilizes interest rate caps and floors in non-qualifying    
hedging relationships.                                                          

In exchange-traded interest rate (Treasury and swap) futures transactions,  
the Company agrees to purchase or sell a specified number of contracts, the     
value of which is determined by the different classes of interest rate          
securities, and to post variation margin on a daily basis in an amount equal to 
the difference in the daily market values of those contracts. The Company       
enters into exchange-traded futures with regulated futures commission merchants 
that are members of the exchange. Exchange-traded interest rate (Treasury and   
swap) futures are used primarily to hedge mismatches between the duration of    
assets in a portfolio and the duration of liabilities supported by those        
assets, to hedge against changes in value of securities the Company owns or     
anticipates acquiring and to hedge against changes in interest rates on         
anticipated liability issuances by replicating Treasury or swap curve           
performance. The Company utilizes exchange-traded interest rate futures in      
non-qualifying hedging relationships.                                           

Inflation swaps are used as an economic hedge to reduce inflation risk      
generated from inflation-indexed liabilities. Inflation swaps are included in   
interest rate swaps. The Company utilizes inflation swaps in non-qualifying     
hedging relationships.                                                          

The Company enters into interest rate forwards to buy and sell securities.  
The price is agreed upon at the time of the contract and payment for such a     
contract is made at a specified future date. The Company utilizes interest rate 
forwards in cash flow hedging relationships.                                    

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

Foreign Currency Exchange Rate Derivatives                                    

  The Company uses foreign currency swaps to reduce the risk from fluctuations
in foreign currency exchange rates associated with its assets and liabilities 
denominated in foreign currencies. In a foreign currency swap transaction, the
Company agrees with another party to exchange, at specified intervals, the    
difference between one currency and another at a fixed exchange rate,         
generally set at inception, calculated by reference to an agreed upon notional
amount. The notional amount of each currency is exchanged at the inception and
termination of the currency swap by each party. The Company utilizes foreign  
currency swaps in fair value, cash flow and non-qualifying hedging            
relationships.                                                                

To a lesser extent, the Company uses foreign currency forwards in         
non-qualifying hedging relationships.                                         

Credit Derivatives                                                            

The Company enters into purchased credit default swaps to hedge against   
credit-related changes in the value of its investments. In a credit default   
swap transaction, the Company agrees with another party to pay, at specified  
intervals, a premium to hedge credit risk. If a credit event occurs, as       
defined by the contract, the contract may be cash settled or it may be settled
gross by the delivery of par quantities of the referenced investment equal to 
the specified swap notional in exchange for the payment of cash amounts by the
counterparty equal to the par value of the investment surrendered. Credit     
events vary by type of issuer but typically include bankruptcy, failure to pay
debt obligations, repudiation, moratorium, or involuntary restructuring. In   
each case, payout on a credit default swap is triggered only after the Credit 
Derivatives Determinations Committee of the International Swaps and           
Derivatives Association, Inc. ("ISDA") deems that a credit event has occurred.
The Company utilizes credit default swaps in non-qualifying hedging           
relationships.                                                                

  The Company enters into written credit default swaps to synthetically create
credit investments that are either more expensive to acquire or otherwise     
unavailable in the cash markets. These transactions are a combination of a    
derivative and one or more cash instruments, such as U.S. Treasury securities,
agency securities or other fixed maturity securities. These credit default    
swaps are not designated as hedging instruments.                              

  To a lesser extent, the Company uses credit forwards to lock in the price to
be paid for forward purchases of certain securities. The Company utilizes     
credit forwards in cash flow hedging relationships.                           

Equity Derivatives                                                            

The Company uses a variety of equity derivatives to reduce its exposure to
equity market risk, including equity index options, variance swaps and        
exchange-traded equity futures.                                               

Equity index options are used by the Company primarily to hedge minimum   
guarantees embedded in certain variable annuity products offered by the       
Company. To hedge against adverse changes in equity indices, the Company      
enters into contracts to sell the equity index within a limited time at a     
contracted price. The contracts will be net settled in cash based on          
differentials in the indices at the time of exercise and the strike price. In 
certain instances, the Company may enter into a combination of transactions to
hedge adverse changes in equity indices within a pre-determined range through 
the purchase and sale of options. The Company utilizes equity index options in
non-qualifying hedging relationships.                                         

Equity variance swaps are used by the Company primarily to hedge minimum  
guarantees embedded in certain variable annuity products offered by the       
Company. In an equity variance swap, the Company agrees with another party to 
exchange amounts in the future, based on changes in equity volatility over a  
defined period. The Company utilizes equity variance swaps in non-qualifying  
hedging relationships.                                                        

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

In exchange-traded equity futures transactions, the Company agrees to     
purchase or sell a specified number of contracts, the value of which is       
determined by the different classes of equity securities, and to post         
variation margin on a daily basis in an amount equal to the difference in the 
daily market values of those contracts. The Company enters into               
exchange-traded futures with regulated futures commission merchants that are  
members of the exchange. Exchange-traded equity futures are used primarily to 
hedge liabilities embedded in certain variable annuity products offered by the
Company. The Company utilizes exchange-traded equity futures in non-qualifying
hedging relationships.                                                        

To a lesser extent, the Company also uses total rate of return swaps      
("TRRs") to hedge its equity market guarantees in certain of its insurance    
products. The Company utilizes TRRs in non-qualifying hedging relationships.  

Primary Risks Managed by Derivatives                                            

The following table presents the gross notional amount, estimated fair value
and primary underlying risk exposure of the Company's derivatives, excluding    
embedded derivatives, held at:                                                  

                                                        [Enlarge/Download Table]

                                                                                     December 31,                         
                                                             -------------------------------------------------------------
                                                                          2013                           2012             
                                                             ------------------------------ ------------------------------
                                                                       Estimated Fair Value           Estimated Fair Value
                                                                       --------------------           --------------------
                                                             Notional                       Notional                      
                           Primary Underlying Risk Exposure   Amount    Assets  Liabilities  Amount    Assets  Liabilities
                           --------------------------------  --------- -------- ----------- --------- -------- -----------
                                                                                     (In millions)                        
Derivatives Designated as Hedging Instruments                                                                             
                                                                                                                          
Fair value hedges:                                                                                                        
  Interest rate swaps..... Interest rate.................... $     436 $      5    $     10 $     538 $     28   $       9
  Foreign currency swaps.. Foreign currency exchange rate...       122       --          13       122       --          14
                                                             --------- --------    -------- --------- --------   ---------
   Subtotal..............................................          558        5          23       660       28          23
                                                             --------- --------    -------- --------- --------   ---------
Cash flow hedges:                                                                                                         
  Interest rate swaps..... Interest rate....................       537        6          32       658       99          --
  Interest rate forwards.. Interest rate....................       245        3           4       410       81          --
  Foreign currency swaps.. Foreign currency exchange rate...       544       25          35       524       16          14
                                                             --------- --------    -------- --------- --------   ---------
   Subtotal..............................................        1,326       34          71     1,592      196          14
                                                             --------- --------    -------- --------- --------   ---------
    Total qualifying hedges.............................         1,884       39          94     2,252      224          37
                                                             --------- --------    -------- --------- --------   ---------
Derivatives Not Designated or Not Qualifying as Hedging Instruments                                                       
Interest rate swaps....... Interest rate....................    22,262      881         441    16,869    1,254         513
Interest rate floors...... Interest rate....................    17,604      103          99    15,136      318         274
Interest rate caps........ Interest rate....................     9,651       36          --     9,031       11          --
Interest rate futures..... Interest rate....................     1,443       --           3     2,771       --           7
Foreign currency swaps.... Foreign currency exchange rate...       882       52          41       811       60          35
Foreign currency forwards. Foreign currency exchange rate...        56       --           1       139       --           4
Credit default                                                                                                            
 swaps -- purchased....... Credit...........................       157       --           1       162       --           2
Credit default                                                                                                            
 swaps -- written......... Credit...........................     2,243       38          --     2,456       23           1
Equity futures............ Equity market....................       778       --           3     1,075       --          27
Equity options............ Equity market....................     3,597      305          42     2,845      469           1
Variance swaps............ Equity market....................     2,270        6          94     2,346       11          62
TRRs...................... Equity market....................       462       --          22       300       --           7
                                                             --------- --------    -------- --------- --------   ---------
   Total non-designated or non-qualifying derivatives....       61,405    1,421         747    53,941    2,146         933
                                                             --------- --------    -------- --------- --------   ---------
    Total...............................................     $  63,289 $  1,460    $    841 $  56,193 $  2,370   $     970
                                                             ========= ========    ======== ========= ========   =========

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

 Based on notional amounts, a substantial portion of the Company's derivatives
was not designated or did not qualify as part of a hedging relationship at both 
December 31, 2013 and 2012. The Company's use of derivatives includes           
(i) derivatives that serve as macro hedges of the Company's exposure to various 
risks and that generally do not qualify for hedge accounting due to the         
criteria required under the portfolio hedging rules; (ii) derivatives that      
economically hedge insurance liabilities that contain mortality or morbidity    
risk and that generally do not qualify for hedge accounting because the lack of 
these risks in the derivatives cannot support an expectation of a highly        
effective hedging relationship; (iii) derivatives that economically hedge       
embedded derivatives that do not qualify for hedge accounting because the       
changes in estimated fair value of the embedded derivatives are already         
recorded in net income; and (iv) written credit default swaps that are used to  
synthetically create credit investments and that do not qualify for hedge       
accounting because they do not involve a hedging relationship. For these        
non-qualified derivatives, changes in market factors can lead to the            
recognition of fair value changes in the consolidated statement of operations   
without an offsetting gain or loss recognized in earnings for the item being    
hedged.                                                                         

Net Derivative Gains (Losses)                                               

The components of net derivative gains (losses) were as follows:            

                                                                [Download Table]

                                                Years Ended December 31,     
                                            ---------------------------------
                                                2013         2012      2011  
                                            ------------- ---------- --------
                                                      (In millions)          
                                                                             
Derivatives and hedging gains (losses) (1). $       (958) $    (289) $    846
Embedded derivatives.......................          (94)      1,292      250
                                            ------------- ---------- --------
 Total net derivative gains (losses)....... $     (1,052) $    1,003 $  1,096
                                            ============= ========== ========

--------                                                                        

(1)Includes foreign currency transaction gains (losses) on hedged items in cash 
flow and non-qualifying hedging relationships, which are not presented    
elsewhere in this note.                                                   

The following table presents earned income on derivatives:                  

                                                                [Download Table]

                                                      Years Ended December 31,  
                                                     ---------------------------
                                                       2013      2012     2011  
                                                     --------- -------- --------
                                                            (In millions)       
                                                                                
Qualifying hedges:                                                              
 Net investment income.............................. $       2 $      2 $      2
 Interest credited to policyholder account balances.         2       18       41
Non-qualifying hedges:                                                          
 Net derivative gains (losses)......................        79      127       83
 Policyholder benefits and claims...................      (17)      (6)       --
                                                     --------- -------- --------
   Total............................................ $      66 $    141 $    126
                                                     ========= ======== ========

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

Non-Qualifying Derivatives and Derivatives for Purposes Other Than Hedging      

The following table presents the amount and location of gains (losses)  
recognized in income for derivatives that were not designated or qualifying 
as hedging instruments:                                                     

                                                                [Download Table]

                                                               Net     Policyholder
                                             Net Derivative Investment Benefits and
                                             Gains (Losses) Income (1)  Claims (2) 
                                             -------------- ---------- ------------
                                                         (In millions)             
                                                                                   
Year Ended December 31, 2013:                                                      
 Interest rate derivatives..................   $      (558)  $      --   $     (26)
 Foreign currency exchange rate derivatives.           (24)         --           --
 Credit derivatives -- purchased............             --         --           --
 Credit derivatives -- written..............             27         --           --
 Equity derivatives.........................          (486)        (7)         (90)
                                               ------------  ---------   ----------
   Total....................................   $    (1,041)  $     (7)   $    (116)
                                               ============  =========   ==========
Year Ended December 31, 2012:                                                      
 Interest rate derivatives..................   $        (5)  $      --   $       --
 Foreign currency exchange rate derivatives.            (4)         --           --
 Credit derivatives -- purchased............           (11)         --           --
 Credit derivatives -- written..............             41         --           --
 Equity derivatives.........................          (413)        (4)         (51)
                                               ------------  ---------   ----------
   Total....................................   $      (392)  $     (4)   $     (51)
                                               ============  =========   ==========
Year Ended December 31, 2011:                                                      
 Interest rate derivatives..................   $        701  $      --   $       --
 Foreign currency exchange rate derivatives.             27         --           --
 Credit derivatives -- purchased............             13         --           --
 Credit derivatives -- written..............           (13)         --           --
 Equity derivatives.........................             45        (7)          (4)
                                               ------------  ---------   ----------
   Total....................................   $        773  $     (7)   $      (4)
                                               ============  =========   ==========

--------                                                                        

(1)Changes in estimated fair value related to economic hedges of equity method  
investments in joint ventures.                                            

(2)Changes in estimated fair value related to economic hedges of variable       
annuity guarantees included in future policy benefits.                    

Fair Value Hedges                                                               

The Company designates and accounts for the following as fair value hedges  
when they have met the requirements of fair value hedging: (i) interest rate    
swaps to convert fixed rate assets and liabilities to floating rate assets and  
liabilities; and (ii) foreign currency swaps to hedge the foreign currency fair 
value exposure of foreign currency denominated liabilities.                     

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

 The Company recognizes gains and losses on derivatives and the related hedged
items in fair value hedges within net derivative gains (losses). The following  
table presents the amount of such net derivative gains (losses):                

                                                        [Enlarge/Download Table]

                                                         Net Derivative  Net Derivative Ineffectiveness
                                                         Gains (Losses)  Gains (Losses)  Recognized in 
Derivatives in Fair Value   Hedged Items in Fair Value     Recognized    Recognized for Net Derivative 
Hedging Relationships         Hedging Relationships      for Derivatives  Hedged Items  Gains (Losses) 
-------------------------  ----------------------------- --------------- -------------- ---------------
                                                                         (In millions)                 
                                                                                                       
Year Ended December 31, 2013:                                                                          
Interest rate swaps:       Fixed maturity securities....  $            7 $          (9)  $          (2)
                           Policyholder liabilities (1).            (30)             28             (2)
Foreign currency swaps:    Foreign-denominated PABs (2).               2            (2)              --
                                                          -------------- --------------  --------------
  Total...............................................    $         (21) $           17  $          (4)
                                                          ============== ==============  ==============
Year Ended December 31, 2012:                                                                          
Interest rate swaps:       Fixed maturity securities....  $          (3) $            1  $          (2)
                           Policyholder liabilities (1).            (10)              8             (2)
Foreign currency swaps:    Foreign-denominated PABs (2).            (29)             20             (9)
                                                          -------------- --------------  --------------
  Total...............................................    $         (42) $           29  $         (13)
                                                          ============== ==============  ==============
Year Ended December 31, 2011:                                                                          
Interest rate swaps:       Fixed maturity securities....  $          (7) $            5  $          (2)
                           Policyholder liabilities (1).              36           (38)             (2)
Foreign currency swaps:    Foreign-denominated PABs (2).            (52)             30            (22)
                                                          -------------- --------------  --------------
  Total...............................................    $         (23) $          (3)  $         (26)
                                                          ============== ==============  ==============

--------                                                                        

(1)Fixed rate liabilities reported in PABs or future policy benefits.           

(2)Fixed rate or floating rate liabilities.                                     

All components of each derivative's gain or loss were included in the       
assessment of hedge effectiveness.                                              

Cash Flow Hedges                                                                

The Company designates and accounts for the following as cash flow hedges   
when they have met the requirements of cash flow hedging: (i) interest rate     
swaps to convert floating rate assets and liabilities to fixed rate assets and  
liabilities; (ii) foreign currency swaps to hedge the foreign currency cash     
flow exposure of foreign currency denominated assets and liabilities;           
(iii) interest rate forwards and credit forwards to lock in the price to be     
paid for forward purchases of investments; and (iv) interest rate swaps and     
interest rate forwards to hedge the forecasted purchases of fixed-rate          
investments.                                                                    

In certain instances, the Company discontinued cash flow hedge accounting   
because the forecasted transactions were no longer probable of occurring.       
Because certain of the forecasted transactions also were not probable of        
occurring within two months of the anticipated date, the Company reclassified   
certain amounts from AOCI into net derivative gains (losses). These amounts     
were $0 for both years ended December 31, 2013 and 2012 and $1 million for the  
year ended December 31, 2011.                                                   

At December 31, 2013 and 2012, the maximum length of time over which the    
Company was hedging its exposure to variability in future cash flows for        
forecasted transactions did not exceed six years and seven years, respectively. 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

At December 31, 2013 and 2012, the balance in AOCI associated with cash flow
hedges was $39 million and $243 million, respectively.                          

The following table presents the effects of derivatives in cash flow hedging
relationships on the consolidated statements of operations and the consolidated 
statements of stockholders' equity:                                             

                                                        [Enlarge/Download Table]

                                                    Amount and Location        Amount and Location  
                            Amount of Gains          of Gains (Losses)          of Gains (Losses)   
Derivatives in Cash Flow  (Losses) Deferred in       Reclassified from        Recognized in Income  
Hedging Relationships     AOCI on Derivatives     AOCI into Income (Loss)     (Loss) on Derivatives 
------------------------  -------------------- ----------------------------- -----------------------
                          (Effective Portion)       (Effective Portion)       (Ineffective Portion) 
-                         -------------------- ----------------------------- -----------------------
                                               Net Derivative Net Investment     Net Derivative     
                                               Gains (Losses)     Income         Gains (Losses)     
                                               -------------- -------------- -----------------------
                                                       (In millions)                                
                                                                                                    
Year Ended December 31, 2013:                                                                       
Interest rate swaps......  $            (120)   $         --  $          --  $                    --
Interest rate forwards...                (57)              9              1                       --
Foreign currency swaps...                (15)             --             --                        1
Credit forwards..........                 (1)             --              1                       --
                          -------------------- -------------- -------------- -----------------------
  Total..................  $            (193)   $          9  $           2  $                     1
                          ==================== ============== ============== =======================
Year Ended December 31, 2012:                                                                       
Interest rate swaps......  $               21   $         --  $          --  $                     1
Interest rate forwards...                   1              1              1                       --
Foreign currency swaps...                (15)              1             --                      (1)
Credit forwards..........                  --             --             --                       --
                          -------------------- -------------- -------------- -----------------------
  Total..................  $                7   $          2  $           1  $                    --
                          ==================== ============== ============== =======================
Year Ended December 31, 2011:                                                                       
Interest rate swaps......  $              132   $          1  $          --  $                    --
Interest rate forwards...                 208              9             --                        1
Foreign currency swaps...                  17            (2)             --                       --
Credit forwards..........                  --              1             --                       --
                          -------------------- -------------- -------------- -----------------------
  Total..................  $              357   $          9  $          --  $                     1
                          ==================== ============== ============== =======================

All components of each derivative's gain or loss were included in the       
assessment of hedge effectiveness.                                              

At December 31, 2013, $1 million of deferred net gains (losses) on          
derivatives in AOCI was expected to be reclassified to earnings within the next 
12 months.                                                                      

Credit Derivatives                                                              

In connection with synthetically created credit investment transactions, the
Company writes credit default swaps for which it receives a premium to insure   
credit risk. Such credit derivatives are included within the non-qualifying     
derivatives and derivatives for purposes other than hedging table. If a credit  
event occurs, as defined by the contract, the contract may be cash settled or   
it may be settled gross by the Company paying the counterparty the specified    
swap notional amount in exchange for the delivery of par quantities of the      
referenced credit obligation. The Company's maximum amount at risk, assuming    
the value of all referenced credit obligations is zero, was $2.2 billion and    
$2.5 billion at December 31, 2013 and 2012, respectively. The Company can       
terminate these contracts at any time through cash settlement with the          
counterparty at an amount equal to the then current fair value of the credit    
default swaps. At December 31, 2013 and 2012, the Company would have received   
$38 million and $22 million, respectively, to terminate all of these contracts. 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

The following table presents the estimated fair value, maximum amount of    
future payments and weighted average years to maturity of written credit        
default swaps at:                                                               

                                                        [Enlarge/Download Table]

                                                                December 31,                                   
                              ---------------------------------------------------------------------------------
                                                2013                                     2012                  
                              ---------------------------------------- ----------------------------------------
                              Estimated      Maximum                   Estimated      Maximum                  
                              Fair Value Amount of Future   Weighted   Fair Value Amount of Future   Weighted  
Rating Agency Designation of  of Credit   Payments under    Average    of Credit   Payments under    Average   
Referenced                     Default    Credit Default    Years to    Default    Credit Default    Years to  
Credit Obligations (1)          Swaps       Swaps (2)     Maturity (3)   Swaps       Swaps (2)     Maturity (3)
----------------------------  ---------- ---------------- ------------ ---------- ---------------- ------------
                                     (In millions)                            (In millions)                    
                                                                                                               
Aaa/Aa/A                                                                                                       
Single name credit default                                                                                     
  swaps (corporate)..........  $       3    $         115          2.7  $       3   $          167          3.2
Credit default swaps                                                                                           
  referencing indices........          6              650          1.1         10              650          2.1
                              ---------- ----------------              ---------- ----------------             
 Subtotal....................          9              765          1.3         13              817          2.3
                              ---------- ----------------              ---------- ----------------             
Baa                                                                                                            
Single name credit default                                                                                     
  swaps (corporate)..........          8              446          3.0          4              479          3.8
Credit default swaps                                                                                           
  referencing indices........         18              996          4.9          5            1,124          4.8
                              ---------- ----------------              ---------- ----------------             
 Subtotal....................         26            1,442          4.3          9            1,603          4.5
                              ---------- ----------------              ---------- ----------------             
B                                                                                                              
Single name credit default                                                                                     
  swaps (corporate)..........         --               --           --         --               --           --
Credit default swaps                                                                                           
  referencing indices........          3               36          5.0         --               36          5.0
                              ---------- ----------------              ---------- ----------------             
 Subtotal....................          3               36          5.0         --               36          5.0
                              ---------- ----------------              ---------- ----------------             
   Total.....................  $      38    $       2,243          3.3  $      22   $        2,456          3.8
                              ========== ================              ========== ================             

--------                                                                        

(1)The rating agency designations are based on availability and the midpoint of 
 the applicable ratings among Moody's Investors Service ("Moody's"), S&P and
Fitch Ratings. If no rating is available from a rating agency, then an    
internally developed rating is used.                                      

(2)Assumes the value of the referenced credit obligations is zero.              

(3)The weighted average years to maturity of the credit default swaps is        
calculated based on weighted average notional amounts.                    

Credit Risk on Freestanding Derivatives                                         

The Company may be exposed to credit-related losses in the event of         
nonperformance by counterparties to derivatives. Generally, the current credit  
exposure of the Company's derivatives is limited to the net positive estimated  
fair value of derivatives at the reporting date after taking into consideration 
the existence of master netting or similar agreements and any collateral        
received pursuant to such agreements.                                           

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

The Company manages its credit risk related to derivatives by entering into 
transactions with creditworthy counterparties and establishing and monitoring   
exposure limits. The Company's OTC-bilateral derivative transactions are        
generally governed by ISDA Master Agreements which provide for legally          
enforceable set-off and close-out netting of exposures to specific              
counterparties in the event of early termination of a transaction, which        
includes, but is not limited to, events of default and bankruptcy. In the event 
of an early termination, the Company is permitted to set off receivables from   
the counterparty against payables to the same counterparty arising out of all   
included transactions. Substantially all of the Company's ISDA Master           
Agreements also include Credit Support Annex provisions which require both the  
pledging and accepting of collateral in connection with its OTC-bilateral       
derivatives.                                                                    

The Company's OTC-cleared derivatives are effected through central clearing 
counterparties and its exchange-traded derivatives are effected through         
regulated exchanges. Such positions are marked to market and margined on a      
daily basis, and the Company has minimal exposure to credit-related losses in   
the event of nonperformance by counterparties to such derivatives. See Note 9   
for a description of the impact of credit risk on the valuation of derivatives. 

The estimated fair value of the Company's net derivative assets and net     
derivative liabilities after the application of master netting agreements and   
collateral was as follows at:                                                   

                                                        [Enlarge/Download Table]

                                                                   December 31, 2013    December 31, 2012  
Derivatives Subject to a Master Netting Arrangement or a Similar  -------------------- --------------------
Arrangement                                                        Assets  Liabilities  Assets  Liabilities
----------------------------------------------------------------  -------- ----------- -------- -----------
                                                                                (In millions)              
                                                                                                           
 Gross estimated fair value of derivatives:                                                                
  OTC-bilateral (1).............................................. $  1,450    $    851 $  2,436    $    982
  OTC-cleared (1)................................................       50           9       --          --
  Exchange-traded................................................       --           6       --          34
                                                                  --------    -------- --------    --------
    Total gross estimated fair value of derivatives (1)..........    1,500         866    2,436       1,016
 Amounts offset in the consolidated balance sheets...............       --          --       --          --
                                                                  --------    -------- --------    --------
 Estimated fair value of derivatives presented in the                                                      
   consolidated balance sheets (1)...............................    1,500         866    2,436       1,016
 Gross amounts not offset in the consolidated balance sheets:                                              
 Gross estimated fair value of derivatives: (2)                                                            
  OTC-bilateral..................................................    (670)       (670)    (838)       (838)
  OTC-cleared....................................................      (8)         (8)       --          --
  Exchange-traded................................................       --          --       --          --
 Cash collateral: (3)                                                                                      
  OTC-bilateral..................................................    (216)          --    (897)          --
  OTC-cleared....................................................     (40)         (1)       --          --
  Exchange-traded................................................       --         (5)       --        (34)
 Securities collateral: (4)                                                                                
  OTC-bilateral..................................................    (554)       (160)    (689)       (121)
  OTC-cleared....................................................       --          --       --          --
  Exchange-traded................................................       --         (1)       --          --
                                                                  --------    -------- --------    --------
 Net amount after application of master netting agreements and                                             
   collateral.................................................... $     12    $     21 $     12    $     23
                                                                  ========    ======== ========    ========

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

--------                                                                        

(1)At December 31, 2013 and 2012, derivative assets include income or expense   
accruals reported in accrued investment income or in other liabilities of 
$40 million and $66 million, respectively, and derivative liabilities     
 include income or expense accruals reported in accrued investment income or
in other liabilities of $25 million and $46 million, respectively.        

(2)Estimated fair value of derivatives is limited to the amount that is subject 
to set-off and includes income or expense accruals.                       

(3)Cash collateral received is included in cash and cash equivalents,           
 short-term investments, or in fixed maturity securities, and the obligation
 to return it is included in payables for collateral under securities loaned
and other transactions in the consolidated balance sheets. The receivable 
for the return of cash collateral provided by the Company is inclusive of 
initial margin on exchange-traded and OTC-cleared derivatives and is      
 included in premiums, reinsurance and other receivables in the consolidated
balance sheets. The amount of cash collateral offset in the table above is
 limited to the net estimated fair value of derivatives after application of
netting agreements. At December 31, 2013 and 2012, the Company received   
excess cash collateral of $21 million and $0, respectively, and provided  
excess cash collateral of $19 million and $53 million, respectively, which
is not included in the table above due to the foregoing limitation.       

(4)Securities collateral received by the Company is held in separate custodial  
 accounts and is not recorded on the consolidated balance sheets. Subject to
certain constraints, the Company is permitted by contract to sell or      
repledge this collateral, but at December 31, 2013 none of the collateral 
 had been sold or repledged. Securities collateral pledged by the Company is
reported in fixed maturity securities in the consolidated balance sheets. 
  Subject to certain constraints, the counterparties are permitted by contract
to sell or repledge this collateral. The amount of securities collateral  
offset in the table above is limited to the net estimated fair value of   
 derivatives after application of netting agreements and cash collateral. At
December 31, 2013 and 2012, the Company received excess securities        
  collateral with an estimated fair value of $34 million and $0, respectively,
  for its OTC-bilateral derivatives, which are not included in the table above
 due to the foregoing limitation. At December 31, 2013 and 2012, the Company
provided excess securities collateral with an estimated fair value of $1  
  million and $0, respectively, for its OTC-bilateral derivatives, $29 million
and $0, respectively, for its OTC-cleared derivatives and $46 million and 
$0, respectively, for its exchange-traded derivatives, which are not      
included in the table above due to the foregoing limitation.              

The Company's collateral arrangements for its OTC-bilateral derivatives     
generally require the counterparty in a net liability position, after           
considering the effect of netting agreements, to pledge collateral when the     
fair value of that counterparty's derivatives reaches a pre-determined          
threshold. Certain of these arrangements also include financial                 
strength-contingent provisions that provide for a reduction of these thresholds 
(on a sliding scale that converges toward zero) in the event of downgrades in   
the financial strength ratings of the Company and/or the credit ratings of the  
counterparty. In addition, certain of the Company's netting agreements for      
derivatives contain provisions that require both the Company and the            
counterparty to maintain a specific investment grade financial strength or      
credit rating from each of Moody's and S&P. If a party's financial strength or  
credit ratings were to fall below that specific investment grade financial      
strength or credit rating, that party would be in violation of these            
provisions, and the other party to the derivatives could terminate the          
transactions and demand immediate settlement and payment based on such party's  
reasonable valuation of the derivatives.                                        

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

The following table presents the estimated fair value of the Company's      
OTC-bilateral derivatives that are in a net liability position after            
considering the effect of netting agreements, together with the estimated fair  
value and balance sheet location of the collateral pledged. The table also      
presents the incremental collateral that the Company would be required to       
provide if there was a one notch downgrade in the Company's financial strength  
rating at the reporting date or if the Company's financial strength rating      
sustained a downgrade to a level that triggered full overnight                  
collateralization or termination of the derivative position at the reporting    
date. OTC-bilateral derivatives that are not subject to collateral agreements   
are excluded from this table.                                                   

                                                        [Enlarge/Download Table]

                                               Estimated                                                          
                                             Fair Value of                                                        
                                          Collateral Provided: Fair Value of Incremental Collateral Provided Upon:
                                          -------------------- ---------------------------------------------------
                                                                                          Downgrade in the        
                                                                                    Company's Financial Strength  
                                                                   One Notch           Rating to a Level that     
                         Estimated                                Downgrade in        Triggers Full Overnight     
                       Fair Value of                             the Company's          Collateralization or      
                     Derivatives in Net      Fixed Maturity    Financial Strength        Termination of the       
                   Liability Position (1)      Securities            Rating             Derivative Position       
                   ---------------------- -------------------- ------------------   ----------------------------  
                                                          (In millions)                                           
                                                                                                                  
December 31, 2013          $          181       $          161      $          --             $                2  
December 31, 2012          $          143       $          121      $           2             $               28  

--------                                                                        

(1)After taking into consideration the existence of netting agreements.         

Embedded Derivatives                                                            

The Company issues certain products or purchases certain investments that   
contain embedded derivatives that are required to be separated from their host  
contracts and accounted for as freestanding derivatives. These host contracts   
principally include: variable annuities with guaranteed minimum benefits,       
including GMWBs, GMABs and certain GMIBs; affiliated ceded reinsurance of       
guaranteed minimum benefits related to GMWBs, GMABs and certain GMIBs;          
affiliated assumed reinsurance of guaranteed minimum benefits related to GMWBs  
and certain GMIBs; funds withheld on ceded reinsurance; and certain debt and    
equity securities.                                                              

The following table presents the estimated fair value and balance sheet     
location of the Company's embedded derivatives that have been separated from    
their host contracts at:                                                        

                                                        [Enlarge/Download Table]

                                                                     December 31,    
                                                                  -------------------
                                        Balance Sheet Location       2013      2012  
                                       -------------------------- ---------- --------
                                                                     (In millions)   
                                                                                     
Net embedded derivatives within asset                                                
  host contracts:                                                                    
  Ceded guaranteed minimum benefits... Premiums, reinsurance and                     
                                       other receivables......... $      912 $  3,551
  Options embedded in debt or equity                                                 
   securities......................... Investments...............       (30)     (14)
                                                                  ---------- --------
   Net embedded derivatives within asset host contracts.......    $      882 $  3,537
                                                                  ========== ========
Net embedded derivatives within                                                      
  liability host contracts:                                                          
  Direct guaranteed minimum benefits.. PABs...................... $  (1,232) $    705
  Assumed guaranteed minimum benefits. PABs......................       (13)        4
  Funds withheld on ceded reinsurance. Other liabilities.........         34      552
                                                                  ---------- --------
   Net embedded derivatives within liability host contracts...    $  (1,211) $  1,261
                                                                  ========== ========

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Derivatives (continued)                                                      

The following table presents changes in estimated fair value related to     
embedded derivatives:                                                           

                                                                [Download Table]

                                             Years Ended December 31,       
                                       -------------------------------------
                                           2013         2012        2011    
                                       ------------- ----------- -----------
                                                   (In millions)            
                                                                            
Net derivative gains (losses) (1) (2). $        (94) $     1,292 $       250

--------                                                                        

(1)The valuation of direct and assumed guaranteed minimum benefits includes a   
  nonperformance risk adjustment. The amounts included in net derivative gains
(losses), in connection with this adjustment, were ($156) million, ($235) 
million and $354 million for the years ended December 31, 2013, 2012 and  
2011, respectively. In addition, the valuation of ceded guaranteed minimum
 benefits includes a nonperformance risk adjustment. The amounts included in
net derivative gains (losses) in connection with this adjustment, were    
$76 million, $124 million and ($476) million for the years ended          
December 31, 2013, 2012 and 2011, respectively.                           

(2)See Note 6 for discussion of affiliated net derivative gains (losses)        
included in the table above.                                              

9. Fair Value                                                                   

When developing estimated fair values, the Company considers three broad    
valuation techniques: (i) the market approach, (ii) the income approach, and    
(iii) the cost approach. The Company determines the most appropriate valuation  
technique to use, given what is being measured and the availability of          
sufficient inputs, giving priority to observable inputs. The Company            
categorizes its assets and liabilities measured at estimated fair value into a  
three-level hierarchy, based on the significant input with the lowest level in  
its valuation. The input levels are as follows:                                 

Level 1  Unadjusted quoted prices in active   
   markets for identical assets or
    liabilities. The Company defines
   active markets based on average
         trading volume for equity securities.
     The size of the bid/ask spread is
  used as an indicator of market
activity for fixed maturity 
securities.                 

Level 2  Quoted prices in markets that are not
        active or inputs that are observable
        either directly or indirectly. These
        inputs can include quoted prices for
       similar assets or liabilities other
         than quoted prices in Level 1, quoted
  prices in markets that are not
       active, or other significant inputs
         that are observable or can be derived
       principally from or corroborated by
observable market data for  
      substantially the full term of the
assets or liabilities.      

Level 3  Unobservable inputs that are         
    supported by little or no market
       activity and are significant to the
         determination of estimated fair value
 of the assets or liabilities.
   Unobservable inputs reflect the
      reporting entity's own assumptions
     about the assumptions that market
         participants would use in pricing the
asset or liability.         

Financial markets are susceptible to severe events evidenced by rapid       
depreciation in asset values accompanied by a reduction in asset liquidity. The 
Company's ability to sell securities, or the price ultimately realized for      
these securities, depends upon the demand and liquidity in the market and       
increases the use of judgment in determining the estimated fair value of        
certain securities.                                                             

Considerable judgment is often required in interpreting market data to      
develop estimates of fair value, and the use of different assumptions or        
valuation methodologies may have a material effect on the estimated fair value  
amounts.                                                                        

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

Recurring Fair Value Measurements                                               

The assets and liabilities measured at estimated fair value on a recurring  
basis and their corresponding placement in the fair value hierarchy, including  
those items for which the Company has elected the FVO, are presented below.     

                                                        [Enlarge/Download Table]

                                                                            December 31, 2013               
                                                              ----------------------------------------------
                                                                   Fair Value Hierarchy                     
                                                              ------------------------------                
                                                                                             Total Estimated
                                                              Level 1   Level 2    Level 3     Fair Value   
                                                              -------- ---------- ---------- ---------------
                                                                              (In millions)                 
                                                                                                            
Assets                                                                                                      
Fixed maturity securities:                                                                                  
  U.S. corporate............................................. $     -- $   15,454 $    1,248    $     16,702
  Foreign corporate..........................................       --      7,783        734           8,517
  U.S. Treasury and agency...................................    4,365      3,929         --           8,294
  RMBS.......................................................       --      4,266        422           4,688
  State and political subdivision............................       --      2,224         --           2,224
  ABS........................................................       --      1,682        419           2,101
  CMBS.......................................................       --      1,532         72           1,604
  Foreign government.........................................       --      1,122         --           1,122
                                                              -------- ---------- ----------    ------------
   Total fixed maturity securities...........................    4,365     37,992      2,895          45,252
                                                              -------- ---------- ----------    ------------
Equity securities:                                                                                          
  Non-redeemable preferred stock.............................       --        136         81             217
  Common stock...............................................       86         84         31             201
                                                              -------- ---------- ----------    ------------
   Total equity securities...................................       86        220        112             418
                                                              -------- ---------- ----------    ------------
Short-term investments (1)...................................      391      1,671         --           2,062
Mortgage loans held by CSEs -- FVO...........................       --      1,598         --           1,598
Other invested assets:                                                                                      
  FVO securities.............................................       --          9         --               9
  Derivative assets: (2)                                                                                    
   Interest rate.............................................       --      1,011         23           1,034
   Foreign currency exchange rate............................       --         77         --              77
   Credit....................................................       --         32          6              38
   Equity market.............................................       --        305          6             311
                                                              -------- ---------- ----------    ------------
     Total derivative assets.................................       --      1,425         35           1,460
                                                              -------- ---------- ----------    ------------
      Total other invested assets............................       --      1,434         35           1,469
Net embedded derivatives within asset host contracts (3).....       --         --        912             912
Separate account assets (4)..................................      259     97,368        153          97,780
                                                              -------- ---------- ----------    ------------
      Total assets........................................... $  5,101 $  140,283 $    4,107    $    149,491
                                                              ======== ========== ==========    ============
Liabilities                                                                                                 
Derivative liabilities: (2)                                                                                 
  Interest rate.............................................. $      3 $      574 $       12    $        589
  Foreign currency exchange rate.............................       --         90         --              90
  Credit.....................................................       --          1         --               1
  Equity market..............................................        3         64         94             161
                                                              -------- ---------- ----------    ------------
   Total derivative liabilities..............................        6        729        106             841
                                                              -------- ---------- ----------    ------------
Net embedded derivatives within liability host contracts (3).       --         --    (1,211)         (1,211)
Long-term debt of CSEs.......................................       --      1,461         --           1,461
                                                              -------- ---------- ----------    ------------
      Total liabilities...................................... $      6 $    2,190 $  (1,105)    $      1,091
                                                              ======== ========== ==========    ============

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

                                                        [Enlarge/Download Table]

                                                                           December 31, 2012              
                                                              --------------------------------------------
                                                                  Fair Value Hierarchy                    
                                                              ----------------------------                
                                                                                           Total Estimated
                                                              Level 1   Level 2   Level 3    Fair Value   
                                                              -------- ---------- -------- ---------------
                                                                             (In millions)                
                                                                                                          
Assets                                                                                                    
Fixed maturity securities:                                                                                
  U.S. corporate............................................. $     -- $   17,461 $  1,434     $    18,895
  Foreign corporate..........................................       --      8,577      868           9,445
  U.S. Treasury and agency...................................    5,082      3,782       --           8,864
  RMBS.......................................................       --      5,460      278           5,738
  State and political subdivision............................       --      2,304       25           2,329
  ABS........................................................       --      1,910      343           2,253
  CMBS.......................................................       --      2,231      125           2,356
  Foreign government.........................................       --      1,085        3           1,088
                                                              -------- ---------- --------     -----------
    Total fixed maturity securities..........................    5,082     42,810    3,076          50,968
                                                              -------- ---------- --------     -----------
Equity securities:                                                                                        
  Non-redeemable preferred stock.............................       --         47       93             140
  Common stock...............................................       70         81       26             177
                                                              -------- ---------- --------     -----------
    Total equity securities..................................       70        128      119             317
                                                              -------- ---------- --------     -----------
Short-term investments (1)...................................    1,233      1,285       13           2,531
Mortgage loans held by CSEs -- FVO...........................       --      2,666       --           2,666
Other invested assets:                                                                                    
  FVO securities.............................................       --          9       --               9
  Derivative assets: (2)                                                                                  
    Interest rate............................................       --      1,643      148           1,791
    Foreign currency exchange rate...........................       --         76       --              76
    Credit...................................................       --         13       10              23
    Equity market............................................       --        469       11             480
                                                              -------- ---------- --------     -----------
     Total derivative assets.................................       --      2,201      169           2,370
                                                              -------- ---------- --------     -----------
       Total other invested assets...........................       --      2,210      169           2,379
Net embedded derivatives within asset host contracts (3).....       --         --    3,551           3,551
Separate account assets (4)..................................      201     85,772      141          86,114
                                                              -------- ---------- --------     -----------
       Total assets.......................................... $  6,586 $  134,871 $  7,069     $   148,526
                                                              ======== ========== ========     ===========
Liabilities                                                                                               
Derivative liabilities: (2)                                                                               
  Interest rate.............................................. $      7 $      767 $     29     $       803
  Foreign currency exchange rate.............................       --         67       --              67
  Credit.....................................................       --          3       --               3
  Equity market..............................................       27          8       62              97
                                                              -------- ---------- --------     -----------
    Total derivative liabilities.............................       34        845       91             970
                                                              -------- ---------- --------     -----------
Net embedded derivatives within liability host contracts (3).       --         --    1,261           1,261
Long-term debt of CSEs.......................................       --      2,559       --           2,559
                                                              -------- ---------- --------     -----------
       Total liabilities..................................... $     34 $    3,404 $  1,352     $     4,790
                                                              ======== ========== ========     ===========

--------                                                                        

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

(1)Short-term investments as presented in the tables above differ from the      
amounts presented in the consolidated balance sheets because certain      
short-term investments are not measured at estimated fair value on a      
recurring basis.                                                          

(2)Derivative assets are presented within other invested assets in the          
 consolidated balance sheets and derivative liabilities are presented within
other liabilities in the consolidated balance sheets. The amounts are     
presented gross in the tables above to reflect the presentation in the    
consolidated balance sheets, but are presented net for purposes of the    
rollforward in the Fair Value Measurements Using Significant Unobservable 
Inputs (Level 3) tables.                                                  

(3)Net embedded derivatives within asset host contracts are presented primarily 
within premiums, reinsurance and other receivables in the consolidated    
  balance sheets. Net embedded derivatives within liability host contracts are
presented primarily within PABs and other liabilities in the consolidated 
balance sheets. At December 31, 2013 and 2012, equity securities also     
included embedded derivatives of ($30) million and ($14) million,         
respectively.                                                             

(4)Investment performance related to separate account assets is fully offset by 
corresponding amounts credited to contractholders whose liability is      
 reflected within separate account liabilities. Separate account liabilities
are set equal to the estimated fair value of separate account assets.     

The following describes the valuation methodologies used to measure assets  
and liabilities at fair value. The description includes the valuation           
techniques and key inputs for each category of assets or liabilities that are   
classified within Level 2 and Level 3 of the fair value hierarchy.              

Investments                                                                   

Valuation Controls and Procedures                                           

 On behalf of the Company and MetLife, Inc.'s Chief Investment Officer and
Chief Financial Officer, a pricing and valuation committee that is          
independent of the trading and investing functions and comprised of senior  
management, provides oversight of control systems and valuation policies for
securities, mortgage loans and derivatives. On a quarterly basis, this      
committee reviews and approves new transaction types and markets, ensures   
that observable market prices and market-based parameters are used for      
valuation, wherever possible, and determines that judgmental valuation      
adjustments, when applied, are based upon established policies and are      
 applied consistently over time. This committee also provides oversight of the
selection of independent third party pricing providers and the controls and 
procedures to evaluate third party pricing. Periodically, the Chief         
Accounting Officer reports to MetLife Insurance Company of Connecticut's    
Audit Committee regarding compliance with fair value accounting standards.  

The Company reviews its valuation methodologies on an ongoing basis and 
revises those methodologies when necessary based on changing market         
conditions. Assurance is gained on the overall reasonableness and consistent
 application of input assumptions, valuation methodologies and compliance with
fair value accounting standards through controls designed to ensure         
valuations represent an exit price. Several controls are utilized, including
certain monthly controls, which include, but are not limited to, analysis of
portfolio returns to corresponding benchmark returns, comparing a sample of 
executed prices of securities sold to the                                   

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

fair value estimates, comparing fair value estimates to management's        
knowledge of the current market, reviewing the bid/ask spreads to assess    
activity, comparing prices from multiple independent pricing services and   
ongoing due diligence to confirm that independent pricing services use      
market-based parameters. The process includes a determination of the        
observability of inputs used in estimated fair values received from         
 independent pricing services or brokers by assessing whether these inputs can
be corroborated by observable market data. The Company ensures that prices  
received from independent brokers, also referred to herein as "consensus    
pricing," represent a reasonable estimate of fair value by considering such 
pricing relative to the Company's knowledge of the current market dynamics  
and current pricing for similar financial instruments. While independent    
non-binding broker quotations are utilized, they are not used for a         
significant portion of the portfolio. For example, fixed maturity securities
 priced using independent non-binding broker quotations represent less than 1%
 of the total estimated fair value of fixed maturity securities and 11% of the
total estimated fair value of Level 3 fixed maturity securities.            

  The Company also applies a formal process to challenge any prices received
from independent pricing services that are not considered representative of 
estimated fair value. If prices received from independent pricing services  
are not considered reflective of market activity or representative of       
 estimated fair value, independent non-binding broker quotations are obtained,
or an internally developed valuation is prepared. Internally developed      
valuations of current estimated fair value, which reflect internal estimates
of liquidity and nonperformance risks, compared with pricing received from  
 the independent pricing services, did not produce material differences in the
estimated fair values for the majority of the portfolio; accordingly,       
overrides were not material. This is, in part, because internal estimates of
liquidity and nonperformance risks are generally based on available market  
evidence and estimates used by other market participants. In the absence of 
such market-based evidence, management's best estimate is used.             

Securities, Short-term Investments and Long-term Debt of CSEs               

  When available, the estimated fair value of these financial instruments is
based on quoted prices in active markets that are readily and regularly     
obtainable. Generally, these are the most liquid of the Company's securities
holdings and valuation of these securities does not involve management's    
judgment.                                                                   

 When quoted prices in active markets are not available, the determination
of estimated fair value is based on market standard valuation methodologies,
giving priority to observable inputs. The significant inputs to the market  
standard valuation methodologies for certain types of securities with       
 reasonable levels of price transparency are inputs that are observable in the
market or can be derived principally from, or corroborated by, observable   
market data. When observable inputs are not available, the market standard  
valuation methodologies rely on inputs that are significant to the estimated
fair value that are not observable in the market or cannot be derived       
principally from, or corroborated by, observable market data. These         
unobservable inputs can be based in large part on management's judgment or  
estimation and cannot be supported by reference to market activity. Even    
 though these inputs are unobservable, management believes they are consistent
with what other market participants would use when pricing such securities  
and are considered appropriate given the circumstances.                     

   The estimated fair value of long-term debt of CSEs is determined on a basis
consistent with the methodologies described herein for securities.          

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

Level 2 Valuation Techniques and Key Inputs:                                

This level includes securities priced principally by independent pricing
services using observable inputs. Short-term investments within this level  
are of a similar nature and class to the Level 2 fixed maturity securities  
and equity securities.                                                      

U.S. corporate and foreign corporate securities                           

These securities are principally valued using the market and income   
 approaches. Valuations are based primarily on quoted prices in markets that
  are not active, or using matrix pricing or other similar techniques that use
standard market observable inputs such as benchmark yields, spreads off   
benchmark yields, new issuances, issuer rating, duration, and trades of   
identical or comparable securities. Privately-placed securities are valued
 using matrix pricing methodologies using standard market observable inputs,
and inputs derived from, or corroborated by, market observable data       
including market yield curve, duration, call provisions, observable prices
and spreads for similar publicly traded or privately traded issues that   
incorporate the credit quality and industry sector of the issuer, and in  
certain cases, delta spread adjustments to reflect specific credit-related
issues.                                                                   

U.S. Treasury and agency securities                                       

These securities are principally valued using the market approach.    
Valuations are based primarily on quoted prices in markets that are not   
active, or using matrix pricing or other similar techniques using standard
 market observable inputs such as a benchmark U.S. Treasury yield curve, the
spread off the U.S. Treasury yield curve for the identical security and   
comparable securities that are actively traded.                           

Structured securities comprised of RMBS, ABS and CMBS                     

These securities are principally valued using the market and income   
approaches. Valuations are based primarily on matrix pricing, discounted  
cash flow methodologies or other similar techniques using standard market 
inputs, including spreads for actively traded securities, spreads off     
benchmark yields, expected prepayment speeds and volumes, current and     
 forecasted loss severity, rating, weighted average coupon, weighted average
maturity, average delinquency rates, geographic region, debt-service      
coverage ratios and issuance-specific information, including, but not     
  limited to: collateral type, payment terms of the underlying assets, payment
  priority within the tranche, structure of the security, deal performance and
vintage of loans.                                                         

State and political subdivision and foreign government securities         

These securities are principally valued using the market approach.    
  Valuations are based primarily on matrix pricing or other similar techniques
 using standard market observable inputs including a benchmark U.S. Treasury
 yield or other yields, issuer ratings, broker-dealer quotes, issuer spreads
and reported trades of similar securities, including those within the same
sub-sector or with a similar maturity or credit rating.                   

Common and non-redeemable preferred stock                                 

These securities are principally valued using the market approach.    
Valuations are based principally on observable inputs, including quoted   
prices in markets that are not considered active.                         

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

Level 3 Valuation Techniques and Key Inputs:                                

In general, securities classified within Level 3 use many of the same   
 valuation techniques and inputs as described previously for Level 2. However,
if key inputs are unobservable, or if the investments are less liquid and   
there is very limited trading activity, the investments are generally       
classified as Level 3. The use of independent non-binding broker quotations 
to value investments generally indicates there is a lack of liquidity or a  
lack of transparency in the process to develop the valuation estimates,     
generally causing these investments to be classified in Level 3.            

  Short-term investments within this level are of a similar nature and class
to the Level 3 securities described below; accordingly, the valuation       
techniques and significant market standard observable inputs used in their  
valuation are also similar to those described below.                        

U.S. corporate and foreign corporate securities                           

   These securities, including financial services industry hybrid securities
classified within fixed maturity securities, are principally valued using 
the market approach. Valuations are based primarily on matrix pricing or  
other similar techniques that utilize unobservable inputs or inputs that  
cannot be derived principally from, or corroborated by, observable market 
data, including illiquidity premium, delta spread adjustments to reflect  
 specific credit-related issues, credit spreads; and inputs including quoted
  prices for identical or similar securities that are less liquid and based on
lower levels of trading activity than securities classified in Level 2.   
Certain valuations are based on independent non-binding broker quotations.

Structured securities comprised of RMBS, ABS and CMBS                     

These securities are principally valued using the market and income   
approaches. Valuations are based primarily on matrix pricing, discounted  
  cash flow methodologies or other similar techniques that utilize inputs that
 are unobservable or cannot be derived principally from, or corroborated by,
observable market data, including credit spreads. Below investment grade  
securities and sub-prime RMBS included in this level are valued based on  
 inputs including quoted prices for identical or similar securities that are
less liquid and based on lower levels of trading activity than securities 
 classified in Level 2. Certain of these valuations are based on independent
non-binding broker quotations.                                            

State and political subdivision and foreign government securities         

These securities are principally valued using the market approach.    
 Valuations are based primarily on independent non-binding broker quotations
  and inputs, including quoted prices for identical or similar securities that
are less liquid and based on lower levels of trading activity than        
securities classified in Level 2. Certain valuations are based on matrix  
pricing that utilize inputs that are unobservable or cannot be derived    
principally from, or corroborated by, observable market data, including   
credit spreads.                                                           

Common and non-redeemable preferred stock                                 

These securities, including privately-held securities and financial   
  services industry hybrid securities classified within equity securities, are
principally valued using the market and income approaches.                

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Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

Valuations are based primarily on matrix pricing, discounted cash flow    
methodologies or other similar techniques using inputs such as comparable 
  credit rating and issuance structure. Certain of these securities are valued
 based on inputs including quoted prices for identical or similar securities
that are less liquid and based on lower levels of trading activity than   
securities classified in Level 2 and independent non-binding broker       
quotations.                                                               

Mortgage Loans Held by CSEs -- FVO                                          

The Company consolidates certain securitization entities that hold      
commercial mortgage loans.                                                  

Level 2 Valuation Techniques and Key Inputs:                                

These investments are principally valued using the market approach. The 
principal market for these investments is the securitization market. The    
 Company uses the quoted securitization market price of the obligations of the
CSEs to determine the estimated fair value of these commercial loan         
portfolios. These market prices are determined principally by independent   
pricing services using observable inputs.                                   

Separate Account Assets                                                     

   Separate account assets are carried at estimated fair value and reported as
a summarized total on the consolidated balance sheets. The estimated fair   
value of separate account assets is based on the estimated fair value of the
underlying assets. Separate account assets include: mutual funds, fixed     
maturity securities, equity securities, derivatives, other limited          
partnership interests, short-term investments and cash and cash equivalents.

Level 2 Valuation Techniques and Key Inputs:                                

   These assets are comprised of investments that are similar in nature to the
instruments described under "-- Securities, Short-term Investments and      
Long-term Debt of CSEs." Also included are certain mutual funds without     
readily determinable fair values, as prices are not published publicly.     
Valuation of the mutual funds is based upon quoted prices or reported NAV   
provided by the fund managers.                                              

Level 3 Valuation Techniques and Key Inputs:                                

   These assets are comprised of investments that are similar in nature to the
instruments described under "-- Securities, Short-term Investments and      
Long-term Debt of CSEs." Also included are other limited partnership        
interests, which are valued giving consideration to the value of the        
underlying holdings of the partnerships and by applying a premium or        
 discount, if appropriate, for factors such as liquidity, bid/ask spreads, the
performance record of the fund manager or other relevant variables that may 
impact the exit value of the particular partnership interest.               

Derivatives                                                                   

The estimated fair value of derivatives is determined through the use of  
quoted market prices for exchange-traded derivatives, or through the use of   
pricing models for OTC-bilateral and OTC-cleared derivatives. The             
determination of estimated fair value, when quoted market values are not      
available, is based on market standard                                        

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

valuation methodologies and inputs that management believes are consistent    
with what other market participants would use when pricing such instruments.  
Derivative valuations can be affected by changes in interest rates, foreign   
currency exchange rates, financial indices, credit spreads, default risk,     
nonperformance risk, volatility, liquidity and changes in estimates and       
assumptions used in the pricing models. The valuation controls and procedures 
for derivatives are described in "-- Investments."                            

The significant inputs to the pricing models for most OTC-bilateral and   
OTC-cleared derivatives are inputs that are observable in the market or can be
derived principally from, or corroborated by, observable market data.         
Significant inputs that are observable generally include: interest rates,     
foreign currency exchange rates, interest rate curves, credit curves and      
volatility. However, certain OTC-bilateral and OTC-cleared derivatives may    
rely on inputs that are significant to the estimated fair value that are not  
observable in the market or cannot be derived principally from, or            
corroborated by, observable market data. Significant inputs that are          
unobservable generally include references to emerging market currencies and   
inputs that are outside the observable portion of the interest rate curve,    
credit curve, volatility or other relevant market measure. These unobservable 
inputs may involve significant management judgment or estimation. Even though 
unobservable, these inputs are based on assumptions deemed appropriate given  
the circumstances and management believes they are consistent with what other 
market participants would use when pricing such instruments.                  

Most inputs for OTC-bilateral and OTC-cleared derivatives are mid-market  
inputs but, in certain cases, liquidity adjustments are made when they are    
deemed more representative of exit value. Market liquidity, as well as the use
of different methodologies, assumptions and inputs, may have a material effect
on the estimated fair values of the Company's derivatives and could materially
affect net income.                                                            

The credit risk of both the counterparty and the Company are considered in
determining the estimated fair value for all OTC-bilateral and OTC-cleared    
derivatives, and any potential credit adjustment is based on the net exposure 
by counterparty after taking into account the effects of netting agreements   
and collateral arrangements. The Company values its OTC-bilateral and         
OTC-cleared derivatives using standard swap curves which may include a spread 
to the risk free rate, depending upon specific collateral arrangements. This  
credit spread is appropriate for those parties that execute trades at pricing 
levels consistent with similar collateral arrangements. As the Company and its
significant derivative counterparties generally execute trades at such pricing
levels and hold sufficient collateral, additional credit risk adjustments are 
not currently required in the valuation process. The Company's ability to     
consistently execute at such pricing levels is in part due to the netting     
agreements and collateral arrangements that are in place with all of its      
significant derivative counterparties. An evaluation of the requirement to    
make additional credit risk adjustments is performed by the Company each      
reporting period.                                                             

Freestanding Derivatives                                                    

Level 2 Valuation Techniques and Key Inputs:                                

 This level includes all types of derivatives utilized by the Company with
the exception of exchange-traded derivatives included within Level 1 and    
those derivatives with unobservable inputs as described in Level 3. These   
derivatives are principally valued using the income approach.               

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

Interest rate                                                             

   Non-option-based. Valuations are based on present value techniques, which
utilize significant inputs that may include the swap yield curve and basis
curves.                                                                   

    Option-based. Valuations are based on option pricing models, which utilize
significant inputs that may include the swap yield curve, basis curves and
interest rate volatility.                                                 

Foreign currency exchange rate                                            

   Non-option-based. Valuations are based on present value techniques, which
utilize significant inputs that may include the swap yield curve, basis   
curves, currency spot rates and cross currency basis curves.              

Credit                                                                    

   Non-option-based. Valuations are based on present value techniques, which
utilize significant inputs that may include the swap yield curve, credit  
curves and recovery rates.                                                

Equity market                                                             

   Non-option-based. Valuations are based on present value techniques, which
utilize significant inputs that may include the swap yield curve, spot    
equity index levels and dividend yield curves.                            

    Option-based. Valuations are based on option pricing models, which utilize
 significant inputs that may include the swap yield curve, spot equity index
levels, dividend yield curves and equity volatility.                      

Level 3 Valuation Techniques and Key Inputs:                                

These derivatives are principally valued using the income approach.     
Valuations of non-option-based derivatives utilize present value techniques,
 whereas valuations of option-based derivatives utilize option pricing models.
These valuation methodologies generally use the same inputs as described in 
the corresponding sections above for Level 2 measurements of derivatives.   
However, these derivatives result in Level 3 classification because one or  
more of the significant inputs are not observable in the market or cannot be
derived principally from, or corroborated by, observable market data.       

Interest rate                                                             

Non-option-based. Significant unobservable inputs may include the     
extrapolation beyond observable limits of the swap yield curve and basis  
curves.                                                                   

Credit                                                                    

Non-option-based. Significant unobservable inputs may include credit  
 spreads, repurchase rates and the extrapolation beyond observable limits of
the swap yield curve and credit curves. Certain of these derivatives are  
valued based on independent non-binding broker quotations.                

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

Equity market                                                             

Non-option-based. Significant unobservable inputs may include the     
extrapolation beyond observable limits of dividend yield curves and equity
volatility.                                                               

Embedded Derivatives                                                          

Embedded derivatives principally include certain direct, assumed and ceded
variable annuity guarantees and embedded derivatives related to funds withheld
on ceded reinsurance. Embedded derivatives are recorded at estimated fair     
value with changes in estimated fair value reported in net income.            

  The Company issues certain variable annuity products with guaranteed minimum
benefits. GMWBs, GMABs and GMIBs contain embedded derivatives, which are      
measured at estimated fair value separately from the host variable annuity    
contract, with changes in estimated fair value reported in net derivative     
gains (losses). These embedded derivatives are classified within PABs in the  
consolidated balance sheets.                                                  

  The fair value of these embedded derivatives, estimated as the present value
of projected future benefits minus the present value of projected future fees 
using actuarial and capital market assumptions including expectations         
concerning policyholder behavior, is calculated by the Company's actuarial    
department. The calculation is based on in-force business, and is performed   
using standard actuarial valuation software which projects future cash flows  
from the embedded derivative over multiple risk neutral stochastic scenarios  
using observable risk free rates.                                             

Capital market assumptions, such as risk free rates and implied           
volatilities, are based on market prices for publicly traded instruments to   
the extent that prices for such instruments are observable. Implied           
volatilities beyond the observable period are extrapolated based on observable
implied volatilities and historical volatilities. Actuarial assumptions,      
including mortality, lapse, withdrawal and utilization, are unobservable and  
are reviewed at least annually based on actuarial studies of historical       
experience.                                                                   

The valuation of these guarantee liabilities includes nonperformance risk 
adjustments and adjustments for a risk margin related to non-capital market   
inputs. The nonperformance adjustment is determined by taking into            
consideration publicly available information relating to spreads in the       
secondary market for MetLife's debt, including related credit default swaps.  
These observable spreads are then adjusted, as necessary, to reflect the      
priority of these liabilities and the claims paying ability of the issuing    
insurance subsidiaries compared to MetLife.                                   

 Risk margins are established to capture the non-capital market risks of the
instrument which represent the additional compensation a market participant   
would require to assume the risks related to the uncertainties of such        
actuarial assumptions as annuitization, premium persistency, partial          
withdrawal and surrenders. The establishment of risk margins requires the use 
of significant management judgment, including assumptions of the amount and   
cost of capital needed to cover the guarantees. These guarantees may be more  
costly than expected in volatile or declining equity markets. Market          
conditions including, but not limited to, changes in interest rates, equity   
indices, market volatility and foreign currency exchange rates; changes in    
nonperformance risk; and variations in actuarial assumptions regarding        
policyholder behavior, mortality and risk margins related to non-capital      
market inputs, may result in significant fluctuations in the estimated fair   
value of the guarantees that could materially affect net income.              

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

The Company assumed, from an affiliated insurance company, the risk       
associated with certain GMIBs. These embedded derivatives are included in     
other policy-related balances in the consolidated balance sheets with changes 
in estimated fair value reported in net derivative gains (losses). The value  
of the embedded derivatives on these assumed risks is determined using a      
methodology consistent with that described previously for the guarantees      
directly written by the Company.                                              

  The Company ceded, to an affiliated reinsurance company, the risk associated
with certain of the GMIBs, GMABs and GMWBs described above that are also      
accounted for as embedded derivatives. In addition to ceding risks associated 
with guarantees that are accounted for as embedded derivatives, the Company   
also cedes, to the same affiliated reinsurance company, certain directly      
written GMIBs that are accounted for as insurance (i.e., not as embedded      
derivatives), but where the reinsurance agreement contains an embedded        
derivative. These embedded derivatives are included within premiums,          
reinsurance and other receivables in the consolidated balance sheets with     
changes in estimated fair value reported in net derivative gains (losses). The
value of the embedded derivatives on the ceded risk is determined using a     
methodology consistent with that described previously for the guarantees      
directly written by the Company with the exception of the input for           
nonperformance risk that reflects the credit of the reinsurer.                

The estimated fair value of the embedded derivatives within funds withheld
related to certain ceded reinsurance is determined based on the change in     
estimated fair value of the underlying assets held by the Company in a        
reference portfolio backing the funds withheld liability. The estimated fair  
value of the underlying assets is determined as previously described in "--   
Investments -- Securities, Short-term Investments and Long-term Debt of CSEs."
The estimated fair value of these embedded derivatives is included, along with
their funds withheld hosts, in other liabilities in the consolidated balance  
sheets with changes in estimated fair value recorded in net derivative gains  
(losses). Changes in the credit spreads on the underlying assets, interest    
rates and market volatility may result in significant fluctuations in the     
estimated fair value of these embedded derivatives that could materially      
affect net income.                                                            

Embedded Derivatives Within Asset and Liability Host Contracts              

Level 3 Valuation Techniques and Key Inputs:                                

Direct and assumed guaranteed minimum benefits                            

These embedded derivatives are principally valued using the income    
approach. Valuations are based on option pricing techniques, which utilize
significant inputs that may include swap yield curve, currency exchange   
  rates and implied volatilities. These embedded derivatives result in Level 3
classification because one or more of the significant inputs are not      
observable in the market or cannot be derived principally from, or        
corroborated by, observable market data. Significant unobservable inputs  
generally include: the extrapolation beyond observable limits of the swap 
  yield curve and implied volatilities, actuarial assumptions for policyholder
behavior and mortality and the potential variability in policyholder      
  behavior and mortality, nonperformance risk and cost of capital for purposes
of calculating the risk margin.                                           

Reinsurance ceded on certain guaranteed minimum benefits                  

These embedded derivatives are principally valued using the income    
approach. The valuation techniques and significant market standard        
unobservable inputs used in their valuation are similar to those described
above in "-- Direct and Assumed Guaranteed Minimum Benefits" and also     
include counterparty credit spreads.                                      

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

Transfers between Levels                                                      

Overall, transfers between levels occur when there are changes in the     
observability of inputs and market activity. Transfers into or out of any     
level are assumed to occur at the beginning of the period.                    

Transfers between Levels 1 and 2:                                           

  For assets and liabilities measured at estimated fair value and still held
at December 31, 2013 and 2012, transfers between Levels 1 and 2 were not    
significant.                                                                

Transfers into or out of Level 3:                                           

Assets and liabilities are transferred into Level 3 when a significant  
input cannot be corroborated with market observable data. This occurs when  
market activity decreases significantly and underlying inputs cannot be     
 observed, current prices are not available, and/or when there are significant
variances in quoted prices, thereby affecting transparency. Assets and      
liabilities are transferred out of Level 3 when circumstances change such   
that a significant input can be corroborated with market observable data.   
This may be due to a significant increase in market activity, a specific    
event, or one or more significant input(s) becoming observable.             

  Transfers into Level 3 for fixed maturity securities were due primarily to
 a lack of trading activity, decreased liquidity and credit ratings downgrades
(e.g., from investment grade to below investment grade) which have resulted 
in decreased transparency of valuations and an increased use of independent 
non-binding broker quotations and unobservable inputs, such as illiquidity  
premiums, delta spread adjustments or credit spreads.                       

 Transfers out of Level 3 for fixed maturity securities resulted primarily
from increased transparency of both new issuances that, subsequent to       
issuance and establishment of trading activity, became priced by independent
 pricing services and existing issuances that, over time, the Company was able
to obtain pricing from, or corroborate pricing received from, independent   
pricing services with observable inputs (such as observable spreads used in 
pricing securities) or increases in market activity and upgraded credit     
ratings.                                                                    

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Assets and Liabilities Measured at Fair Value Using Significant Unobservable
Inputs (Level 3)                                                            

The following table presents certain quantitative information about the     
significant unobservable inputs used in the fair value measurement, and the     
sensitivity of the estimated fair value to changes in those inputs, for the     
more significant asset and liability classes measured at fair value on a        
recurring basis using significant unobservable inputs (Level 3) at:             

                                                        [Enlarge/Download Table]


                                                                                                December 31, 2013        
                                                                                           ---------------------------   
                                       Valuation                   Significant                                Weighted   
                                      Techniques               Unobservable Inputs              Range        Average (1) 
                                ------------------------    ---------------------------    ---------------   ----------- 
                                                                                                                         
Fixed maturity securities: (3)                                                                                           
 U.S. corporate and                                          Delta spread                     (10) -     240      51     
  foreign corporate............  Matrix pricing                adjustments (4)                                           
                                                             Illiquidity premium (4)           30  -      30      30     
                                                             Credit spreads (4)              (112) -     538     208     
                                                             Offered quotes (5)                99  -     100     100     
..                                Consensus pricing           Offered quotes (5)                33  -     103      87    
                                -----------------------------------------------------------------------------------------
 RMBS..........................  Matrix pricing and          Credit spreads (4)               (96) -   2,406     295     
                                   discounted cash flow                                                                  
                                 Market pricing              Quoted prices (5)                 10  -     100      95     
                                 Consensus pricing           Offered quotes (5)                78  -     100      95     
                                -----------------------------------------------------------------------------------------
 CMBS..........................  Matrix pricing and          Credit spreads (4)               341  -   1,879     746     
                                   discounted cash flow                                                                  
                                 Market pricing              Quoted prices (5)                 97  -     104     101     
                                 Consensus pricing           Offered quotes (5)               101  -     101     101     
                                -----------------------------------------------------------------------------------------
 ABS...........................  Matrix pricing and          Credit spreads (4)                30  -     875     319     
                                   discounted cash flow                                                                  
                                 Market pricing              Quoted prices (5)                 --  -     104     101     
                                 Consensus pricing           Offered quotes (5)                58  -     106      98     
                                -----------------------------------------------------------------------------------------
Derivatives:                                                                                                             
 Interest rate.................  Present value               Swap yield (7)                   248  -     450             
                                   techniques                                                                            
                                -----------------------------------------------------------------------------------------
 Credit........................  Present value               Credit spreads (8)                98  -     100             
                                   techniques                                                                            
                                 Consensus pricing           Offered quotes (9)                                          
                                -----------------------------------------------------------------------------------------
 Equity market.................  Present value               Volatility (10)                  17%  -     28%             
                                   techniques                                                                            
                                -----------------------------------------------------------------------------------------
Embedded derivatives:                                                                                                    
 Direct and ceded                Option pricing              Mortality rates:                  0%  -   0.10%             
  guaranteed minimum               techniques                   Ages 0 - 40                                              
  benefits.....................                                                                                          
                                                                Ages 41 - 60                0.04%  -   0.65%             
                                                                Ages 61 - 115               0.26%  -    100%             
                                                             Lapse rates:                                                
                                                                Durations 1 - 10            0.50%  -    100%             
                                                                Durations 11 - 20              3%  -    100%             
                                                                Durations 21 - 116             3%  -    100%             
                                                             Utilization rates                20%  -     50%             
                                                             Withdrawal rates               0.07%  -     10%             
                                                             Long-term equity              17.40%  -     25%             
                                                               volatilities                                              
                                                             Nonperformance                 0.03%  -   0.44%             
                                                               risk spread                                               
                                -----------------------------------------------------------------------------------------
                                                        [Enlarge/Download Table]


                                                                                                December 31, 2012        
                                                                                           ---------------------------   
                                       Valuation                   Significant                                Weighted   
                                      Techniques               Unobservable Inputs              Range        Average (1) 
                                ------------------------    ---------------------------    ---------------   ----------- 
                                                                                                                         
Fixed maturity securities: (3)                                                                                           
 U.S. corporate and                                          Delta spread                       9  -     500     105     
  foreign corporate............  Matrix pricing                adjustments (4)                                           
                                                             Illiquidity premium (4)           30  -      30      30     
                                                             Credit spreads (4)              (157) -     876     282     
                                                             Offered quotes (5)               100  -     100     100     
..                                Consensus pricing           Offered quotes (5)                35  -     555      96    
                                -----------------------------------------------------------------------------------------
 RMBS..........................  Matrix pricing and          Credit spreads (4)                40  -   2,367     436     
                                   discounted cash flow                                                                  
                                 Market pricing              Quoted prices (5)                100  -     100     100     
                                 Consensus pricing           Offered quotes (5)                                          
                                -----------------------------------------------------------------------------------------
 CMBS..........................  Matrix pricing and          Credit spreads (4)                10  -   9,164     413     
                                   discounted cash flow                                                                  
                                 Market pricing              Quoted prices (5)                100  -     104     102     
                                 Consensus pricing           Offered quotes (5)                                          
                                -----------------------------------------------------------------------------------------
 ABS...........................  Matrix pricing and          Credit spreads (4)                --  -     900     152     
                                   discounted cash flow                                                                  
                                 Market pricing              Quoted prices (5)                 97  -     102     100     
                                 Consensus pricing           Offered quotes (5)                50  -     111     100     
                                -----------------------------------------------------------------------------------------
Derivatives:                                                                                                             
 Interest rate.................  Present value               Swap yield (7)                   221  -     353             
                                   techniques                                                                            
                                -----------------------------------------------------------------------------------------
 Credit........................  Present value               Credit spreads (8)               100  -     100             
                                   techniques                                                                            
                                 Consensus pricing           Offered quotes (9)                                          
                                -----------------------------------------------------------------------------------------
 Equity market.................  Present value               Volatility (10)                  18%  -     26%             
                                   techniques                                                                            
                                -----------------------------------------------------------------------------------------
Embedded derivatives:                                                                                                    
 Direct and ceded                Option pricing              Mortality rates:                  0%  -   0.10%             
  guaranteed minimum               techniques                   Ages 0 - 40                                              
  benefits.....................                                                                                          
                                                                Ages 41 - 60                0.05%  -   0.64%             
                                                                Ages 61 - 115               0.32%  -    100%             
                                                             Lapse rates:                                                
                                                                Durations 1 - 10            0.50%  -    100%             
                                                                Durations 11 - 20              3%  -    100%             
                                                                Durations 21 - 116             3%  -    100%             
                                                             Utilization rates                20%  -     50%             
                                                             Withdrawal rates               0.07%  -     10%             
                                                             Long-term equity              17.40%  -     25%             
                                                               volatilities                                              
                                                             Nonperformance                 0.10%  -   0.67%             
                                                               risk spread                                               
                                -----------------------------------------------------------------------------------------
                                                        [Enlarge/Download Table]

                                                                                             Impact of    
                                                                                            Increase in   
                                                                                             Input on     
                                       Valuation                   Significant               Estimated    
                                      Techniques               Unobservable Inputs         Fair Value (2) 
                                ------------------------    ---------------------------    -------------- 
                                                                                                          
Fixed maturity securities: (3)                                                                            
 U.S. corporate and                                          Delta spread                    Decrease     
  foreign corporate............  Matrix pricing                adjustments (4)                            
                                                             Illiquidity premium (4)         Decrease     
                                                             Credit spreads (4)              Decrease     
                                                             Offered quotes (5)              Increase     
..                                Consensus pricing           Offered quotes (5)              Increase    
                                --------------------------------------------------------------------------
 RMBS..........................  Matrix pricing and          Credit spreads (4)            Decrease (6)   
                                   discounted cash flow                                                   
                                 Market pricing              Quoted prices (5)             Increase (6)   
                                 Consensus pricing           Offered quotes (5)            Increase (6)   
                                --------------------------------------------------------------------------
 CMBS..........................  Matrix pricing and          Credit spreads (4)            Decrease (6)   
                                   discounted cash flow                                                   
                                 Market pricing              Quoted prices (5)             Increase (6)   
                                 Consensus pricing           Offered quotes (5)            Increase (6)   
                                --------------------------------------------------------------------------
 ABS...........................  Matrix pricing and          Credit spreads (4)            Decrease (6)   
                                   discounted cash flow                                                   
                                 Market pricing              Quoted prices (5)             Increase (6)   
                                 Consensus pricing           Offered quotes (5)            Increase (6)   
                                --------------------------------------------------------------------------
Derivatives:                                                                                              
 Interest rate.................  Present value               Swap yield (7)                Increase (11)  
                                   techniques                                                             
                                --------------------------------------------------------------------------
 Credit........................  Present value               Credit spreads (8)            Decrease (8)   
                                   techniques                                                             
                                 Consensus pricing           Offered quotes (9)                           
                                --------------------------------------------------------------------------
 Equity market.................  Present value               Volatility (10)               Increase (11)  
                                   techniques                                                             
                                --------------------------------------------------------------------------
Embedded derivatives:                                                                                     
 Direct and ceded                Option pricing              Mortality rates:              Decrease (12)  
  guaranteed minimum               techniques                   Ages 0 - 40                               
  benefits.....................                                                                           
                                                                Ages 41 - 60               Decrease (12)  
                                                                Ages 61 - 115              Decrease (12)  
                                                             Lapse rates:                                 
                                                                Durations 1 - 10           Decrease (13)  
                                                                Durations 11 - 20          Decrease (13)  
                                                                Durations 21 - 116         Decrease (13)  
                                                             Utilization rates             Increase (14)  
                                                             Withdrawal rates                      (15)   
                                                             Long-term equity              Increase (16)  
                                                               volatilities                               
                                                             Nonperformance                Decrease (17)  
                                                               risk spread                                
                                --------------------------------------------------------------------------

--------                                                                        

(1)The weighted average for fixed maturity securities is determined based on    
the estimated fair value of the securities.                               

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

(2)The impact of a decrease in input would have the opposite impact on the      
  estimated fair value. For embedded derivatives, changes to direct guaranteed
minimum benefits are based on liability positions and changes to ceded    
guaranteed minimum benefits are based on asset positions.                 

(3)Significant increases (decreases) in expected default rates in isolation     
would result in substantially lower (higher) valuations.                  

(4)Range and weighted average are presented in basis points.                    

(5)Range and weighted average are presented in accordance with the market       
convention for fixed maturity securities of dollars per hundred dollars of
par.                                                                      

(6)Changes in the assumptions used for the probability of default is            
  accompanied by a directionally similar change in the assumption used for the
loss severity and a directionally opposite change in the assumptions used 
for prepayment rates.                                                     

(7)Ranges represent the rates across different yield curves and are presented   
in basis points. The swap yield curve is utilized among different types of
 derivatives to project cash flows, as well as to discount future cash flows
to present value. Since this valuation methodology uses a range of inputs 
across a yield curve to value the derivative, presenting a range is more  
representative of the unobservable input used in the valuation.           

(8)Represents the risk quoted in basis points of a credit default event on the  
  underlying instrument. The range being provided is a single quoted spread in
  the valuation model. Credit derivatives with significant unobservable inputs
are primarily comprised of written credit default swaps.                  

(9)At both December 31, 2013 and 2012, independent non-binding broker           
quotations were used in the determination of less than 1% of the total net
derivative estimated fair value.                                          

(10)Ranges represent the underlying equity volatility quoted in percentage      
points. Since this valuation methodology uses a range of inputs across  
   multiple volatility surfaces to value the derivative, presenting a range is
more representative of the unobservable input used in the valuation.    

(11)Changes are based on long U.S. dollar net asset positions and will be       
inversely impacted for short U.S. dollar net asset positions.           

(12)Mortality rates vary by age and by demographic characteristics such as      
gender. Mortality rate assumptions are based on company experience. A   
 mortality improvement assumption is also applied. For any given contract,
mortality rates vary throughout the period over which cash flows are    
projected for purposes of valuing the embedded derivative.              

(13)Base lapse rates are adjusted at the contract level based on a comparison   
of the actuarially calculated guaranteed values and the current         
policyholder account value, as well as other factors, such as the       
applicability of any surrender charges. A dynamic lapse function reduces
  the base lapse rate when the guaranteed amount is greater than the account
 value as in the money contracts are less likely to lapse. Lapse rates are
also generally assumed to be lower in periods when a surrender charge   
applies. For any given contract, lapse rates vary throughout the period 
over which cash flows are projected for purposes of valuing the embedded
derivative.                                                             

(14)The utilization rate assumption estimates the percentage of contract        
holders with a GMIB or lifetime withdrawal benefit who will elect to    
  utilize the benefit upon becoming eligible. The rates may vary by the type
   of guarantee, the amount by which the guaranteed amount is greater than the
account value, the                                                      

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

contract's withdrawal history and by the age of the policyholder. For any 
  given contract, utilization rates vary throughout the period over which cash
flows are projected for purposes of valuing the embedded derivative.      

(15)The withdrawal rate represents the percentage of account balance that any   
  given policyholder will elect to withdraw from the contract each year. The
  withdrawal rate assumption varies by age and duration of the contract, and
also by other factors such as benefit type. For any given contract,     
withdrawal rates vary throughout the period over which cash flows are   
 projected for purposes of valuing the embedded derivative. For GMWBs, any
 increase (decrease) in withdrawal rates results in an increase (decrease)
in the estimated fair value of the guarantees. For GMABs and GMIBs, any 
   increase (decrease) in withdrawal rates results in a decrease (increase) in
the estimated fair value.                                               

(16)Long-term equity volatilities represent equity volatility beyond the period 
for which observable equity volatilities are available. For any given   
   contract, long-term equity volatility rates vary throughout the period over
which cash flows are projected for purposes of valuing the embedded     
derivative.                                                             

(17)Nonperformance risk spread varies by duration and by currency. For any      
  given contract, multiple nonperformance risk spreads will apply, depending
 on the duration of the cash flow being discounted for purposes of valuing
the embedded derivative.                                                

The following is a summary of the valuation techniques and significant      
unobservable inputs used in the fair value measurement of assets and            
liabilities classified within Level 3 that are not included in the preceding    
table. Generally, all other classes of securities classified within Level 3,    
including those within separate account assets and embedded derivatives within  
funds withheld related to certain ceded reinsurance, use the same valuation     
techniques and significant unobservable inputs as previously described for      
Level 3 securities. This includes matrix pricing and discounted cash flow       
methodologies, inputs such as quoted prices for identical or similar securities 
that are less liquid and based on lower levels of trading activity than         
securities classified in Level 2, as well as independent non-binding broker     
quotations. The sensitivity of the estimated fair value to changes in the       
significant unobservable inputs for these other assets and liabilities is       
similar in nature to that described in the preceding table. The valuation       
techniques and significant unobservable inputs used in the fair value           
measurement for the more significant assets measured at estimated fair value on 
a nonrecurring basis and determined using significant unobservable inputs       
(Level 3) are summarized in "-- Nonrecurring Fair Value Measurements."          

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

The following tables summarize the change of all assets and (liabilities)   
measured at estimated fair value on a recurring basis using significant         
unobservable inputs (Level 3):                                                  

                                                        [Enlarge/Download Table]

                                               Fair Value Measurements Using Significant Unobservable Inputs (Level 3)     
                                          ---------------------------------------------------------------------------------
                                                                     Fixed Maturity Securities:                            
                                          ---------------------------------------------------------------------------------
                                                                                      State and                            
                                            U.S.     Foreign  U.S. Treasury           Political                  Foreign   
                                          Corporate Corporate  and Agency     RMBS   Subdivision  ABS    CMBS   Government 
                                          --------- --------- ------------- -------- ----------- ------ ------- -----------
                                                                            (In millions)                                  
                                                                                                                           
Year Ended December 31, 2013:                                                                                              
Balance at January 1,.................... $  1,434  $    868    $        -- $    278  $      25  $  343 $   125 $         3
Total realized/unrealized gains (losses)                                                                                   
 included in:                                                                                                              
  Net income (loss): (1), (2)                                                                                              
   Net investment income.................        7        --             --        1         --       1       1          --
   Net investment gains (losses).........       --       (7)             --      (1)         --       2      --          --
   Net derivative gains (losses).........       --        --             --       --         --      --      --          --
  OCI....................................     (39)       (5)             --       13         --     (5)       3          --
Purchases (3)............................      150        53             --      170         --     184      37          --
Sales (3)................................    (243)     (129)             --     (49)        (2)    (53)    (71)         (3)
Issuances (3)............................       --        --             --       --         --      --      --          --
Settlements (3)..........................       --        --             --       --         --      --      --          --
Transfers into Level 3 (4)...............      218        30             --       14         --      --      --          --
Transfers out of Level 3 (4).............    (279)      (76)             --      (4)       (23)    (53)    (23)          --
                                          --------  --------    ----------- --------  ---------  ------ ------- -----------
Balance at December 31,.................. $  1,248  $    734    $        -- $    422  $      --  $  419 $    72 $        --
                                          ========  ========    =========== ========  =========  ====== ======= ===========
Changes in unrealized gains (losses)                                                                                       
 included in net income (loss): (5)                                                                                        
  Net investment income.................. $      7  $     --    $        -- $      1  $      --  $   -- $    -- $        --
  Net investment gains (losses).......... $     --  $    (3)    $        -- $     --  $      --  $   -- $    -- $        --
  Net derivative gains (losses).......... $     --  $     --    $        -- $     --  $      --  $   -- $    -- $        --

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

                                                        [Enlarge/Download Table]

                                               Fair Value Measurements Using Significant Unobservable Inputs (Level 3)      
                                          ----------------------------------------------------------------------------------
                                          Equity Securities:               Net Derivatives: (6)                             
                                          -------------------             -----------------------                           
                                             Non-                                                                           
                                          redeemable                                                    Net        Separate 
                                          Preferred   Common  Short-term  Interest        Equity     Embedded      Account  
                                            Stock     Stock   Investments   Rate   Credit Market  Derivatives (7) Assets (8)
                                          ---------- -------- ----------- -------- ------ ------- --------------- ----------
                                                                            (In millions)                                   
                                                                                                                            
Year Ended December 31, 2013:                                                                                               
Balance at January 1,.................... $       93 $     26 $       13  $   119  $   10 $  (51)   $       2,290  $    141 
Total realized/unrealized gains (losses)                                                                                    
 included in:                                                                                                               
  Net income (loss): (1), (2)                                                                                               
   Net investment income.................         --       --         --       --      --      --              --        -- 
   Net investment gains (losses).........         --        8         --       --      --      --              --         6 
   Net derivative gains (losses).........         --       --         --     (16)     (4)    (40)             108        -- 
  OCI....................................         12        7         --     (58)      --      --              --        -- 
Purchases (3)............................          3        2         --       --      --      --              --         9 
Sales (3)................................       (27)     (12)       (13)       --      --      --              --       (6) 
Issuances (3)............................         --       --         --       --      --      --              --        -- 
Settlements (3)..........................         --       --         --     (19)      --       3            (59)        -- 
Transfers into Level 3 (4)...............         --       --         --       --      --      --              --         3 
Transfers out of Level 3 (4).............         --       --         --     (15)      --      --              --        -- 
                                          ---------- -------- ----------  -------  ------ -------   -------------  -------- 
Balance at December 31,.................. $       81 $     31 $       --  $    11  $    6 $  (88)   $       2,123  $    153 
                                          ========== ======== ==========  =======  ====== =======   =============  ======== 
Changes in unrealized gains (losses)                                                                                        
 included in net income (loss): (5)                                                                                         
  Net investment income.................. $       -- $     -- $       --  $    --  $   -- $    --   $          --  $     -- 
  Net investment gains (losses).......... $      (3) $    (2) $       --  $    --  $   -- $    --   $          --  $     -- 
  Net derivative gains (losses).......... $       -- $     -- $       --  $   (8)  $  (4) $  (36)   $        (83)  $     -- 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

                                                        [Enlarge/Download Table]

                                              Fair Value Measurements Using Significant Unobservable Inputs (Level 3)    
                                          -------------------------------------------------------------------------------
                                                                    Fixed Maturity Securities:                           
                                          -------------------------------------------------------------------------------
                                                                 U.S.               State and                            
                                            U.S.     Foreign   Treasury             Political                  Foreign   
                                          Corporate Corporate and Agency    RMBS   Subdivision  ABS    CMBS   Government 
                                          --------- --------- ----------- -------- ----------- ------ ------- -----------
                                                                           (In millions)                                 
                                                                                                                         
Year Ended December 31, 2012:                                                                                            
Balance at January 1,.................... $  1,432  $    580  $        -- $    239  $      23  $  220 $   147 $         2
Total realized/unrealized gains (losses)                                                                                 
 included in:                                                                                                            
  Net income (loss): (1), (2)                                                                                            
   Net investment income.................        7        --           --       --         --      --      --          --
   Net investment gains (losses).........       --      (24)           --      (4)         --      --     (1)          --
   Net derivative gains (losses).........       --        --           --       --         --      --      --          --
  OCI....................................       66        44           --       39          2       8       6           1
Purchases (3)............................      227       269           --       61         --     148      22          --
Sales (3)................................    (183)      (56)           --     (63)         --    (15)    (71)          --
Issuances (3)............................       --        --           --       --         --      --      --          --
Settlements (3)..........................       --        --           --       --         --      --      --          --
Transfers into Level 3 (4)...............       76        68           --        6         --      --      39          --
Transfers out of Level 3 (4).............    (191)      (13)           --       --         --    (18)    (17)          --
                                          --------  --------  ----------- --------  ---------  ------ ------- -----------
Balance at December 31,.................. $  1,434  $    868  $        -- $    278  $      25  $  343 $   125 $         3
                                          ========  ========  =========== ========  =========  ====== ======= ===========
Changes in unrealized gains (losses)                                                                                     
 included in net income (loss): (5)                                                                                      
  Net investment income.................. $      7  $      1  $        -- $     --  $      --  $   -- $    -- $        --
  Net investment gains (losses).......... $     --  $   (16)  $        -- $    (2)  $      --  $   -- $    -- $        --
  Net derivative gains (losses).......... $     --  $     --  $        -- $     --  $      --  $   -- $    -- $        --

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

                                                        [Enlarge/Download Table]

                                          Fair Value Measurements Using Significant Unobservable Inputs (Level 3)      
                                    -----------------------------------------------------------------------------------
                                    Equity Securities:                Net Derivatives: (6)                             
                                    -------------------             ------------------------                           
                                       Non-                                                                            
                                    redeemable                                                                Separate 
                                    Preferred   Common  Short-term  Interest         Equity   Net Embedded    Account  
                                      Stock     Stock   Investments   Rate   Credit  Market  Derivatives (7) Assets (8)
                                    ---------- -------- ----------- -------- ------ -------- --------------- ----------
                                                                       (In millions)                                   
                                                                                                                       
Year Ended December 31, 2012:                                                                                          
Balance at January 1,.............. $       76 $     21  $       10  $  174  $ (1)  $     43   $       1,009   $    130
Total realized/unrealized gains                                                                                        
 (losses) included in:                                                                                                 
 Net income (loss): (1), (2)                                                                                           
   Net investment income...........         --       --          --      --     --        --              --         --
   Net investment gains (losses)...         --      (2)          --      --     --        --              --         16
   Net derivative gains (losses)...         --       --          --       1     10      (91)           1,296         --
 OCI...............................         20        9          --       1     --        --              --         --
Purchases (3)......................         --       --          13      --     --        --              --          1
Sales (3)..........................        (3)      (2)        (10)      --     --        --              --        (5)
Issuances (3)......................         --       --          --    (10)     --        --              --         --
Settlements (3)....................         --       --          --    (47)     --       (3)            (15)         --
Transfers into Level 3 (4).........         --       --          --      --     --        --              --          1
Transfers out of Level 3 (4).......         --       --          --      --      1        --              --        (2)
                                    ---------- --------  ----------  ------  -----  --------   -------------   --------
Balance at December 31,............ $       93 $     26  $       13  $  119  $  10  $   (51)   $       2,290   $    141
                                    ========== ========  ==========  ======  =====  ========   =============   ========
Changes in unrealized gains                                                                                            
 (losses) included in net income                                                                                       
 (loss): (5)                                                                                                           
 Net investment income............. $       -- $     --  $       --  $   --  $  --  $     --   $          --   $     --
 Net investment gains (losses)..... $       -- $    (4)  $       --  $   --  $  --  $     --   $          --   $     --
 Net derivative gains (losses)..... $       -- $     --  $       --  $    3  $  11  $   (88)   $       1,305   $     --

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

                                                        [Enlarge/Download Table]

                                              Fair Value Measurements Using Significant Unobservable Inputs (Level 3)     
                                          --------------------------------------------------------------------------------
                                                                     Fixed Maturity Securities:                           
                                          --------------------------------------------------------------------------------
                                                                                      State and                           
                                            U.S.     Foreign  U.S. Treasury           Political                 Foreign   
                                          Corporate Corporate  and Agency     RMBS   Subdivision  ABS    CMBS  Government 
                                          --------- --------- ------------- -------- ----------- ------ ------ -----------
                                                                           (In millions)                                  
                                                                                                                          
Year Ended December 31, 2011:                                                                                             
Balance at January 1,....................  $  1,510  $    880   $        34 $    282    $     32 $  321 $  130 $        14
Total realized/unrealized gains (losses)                                                                                  
 included in:                                                                                                             
  Net income (loss): (1), (2)                                                                                             
   Net investment income.................         6         1            --        1          --     --     --          --
   Net investment gains (losses).........        32      (20)            --      (5)          --    (6)     --          --
   Net derivative gains (losses).........        --        --            --       --          --     --     --          --
  OCI....................................        80        22            --      (9)         (8)      8     19          --
Purchases (3)............................        76       282            --       16          --    166     17          --
Sales (3)................................     (175)     (515)            --     (34)         (1)   (46)   (19)        (12)
Issuances (3)............................        --        --            --       --          --     --     --          --
Settlements (3)..........................        --        --            --       --          --     --     --          --
Transfers into Level 3 (4)...............        40         3            --        1          --     --     --          --
Transfers out of Level 3 (4).............     (137)      (73)          (34)     (13)          --  (223)     --          --
                                           --------  --------   ----------- --------    -------- ------ ------ -----------
Balance at December 31,..................  $  1,432  $    580   $        -- $    239    $     23 $  220 $  147 $         2
                                           ========  ========   =========== ========    ======== ====== ====== ===========
Changes in unrealized gains (losses)                                                                                      
 included in net income (loss): (5)                                                                                       
  Net investment income..................  $      6  $      1   $        -- $      1    $     -- $   -- $   -- $        --
  Net investment gains (losses)..........  $     --  $    (9)   $        -- $    (5)    $     -- $  (2) $   -- $        --
  Net derivative gains (losses)..........  $     --  $     --   $        -- $     --    $     -- $   -- $   -- $        --

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

                                                        [Enlarge/Download Table]

                                               Fair Value Measurements Using Significant Unobservable Inputs (Level 3)     
                                          ---------------------------------------------------------------------------------
                                          Equity Securities:              Net Derivatives: (6)                             
                                          ------------------             -----------------------                           
                                             Non-                                                                          
                                          redeemable                                                              Separate 
                                          Preferred  Common  Short-term  Interest         Equity  Net Embedded    Account  
                                            Stock    Stock   Investments   Rate   Credit  Market Derivatives (7) Assets (8)
                                          ---------- ------- ----------- -------- ------- ------ --------------- ----------
                                                                      (In millions)                                        
                                                                                                                           
Year Ended December 31, 2011:                                                                                              
Balance at January 1,....................  $     214 $    22  $      173  $ (61)  $    11 $  12     $        677   $    133
Total realized/unrealized gains (losses)                                                                                   
 included in:                                                                                                              
  Net income (loss): (1), (2)                                                                                              
   Net investment income.................         --      --          --      --       --    --               --         --
   Net investment gains (losses).........       (24)       2         (1)      --       --    --               --        (7)
   Net derivative gains (losses).........         --      --          --      50     (10)    32              254         --
  OCI....................................          1     (6)          --     199       --    --               --         --
Purchases (3)............................         --       9          10      --       --     3               --          5
Sales (3)................................      (115)     (6)       (172)      --       --    --               --        (1)
Issuances (3)............................         --      --          --      --      (1)   (4)               --         --
Settlements (3)..........................         --      --          --    (13)      (1)    --               78         --
Transfers into Level 3 (4)...............         --      --          --     (1)       --    --               --         --
Transfers out of Level 3 (4).............         --      --          --      --       --    --               --         --
                                           --------- -------  ----------  ------  ------- -----     ------------   --------
Balance at December 31,..................  $      76 $    21  $       10  $  174  $   (1) $  43     $      1,009   $    130
                                           ========= =======  ==========  ======  ======= =====     ============   ========
Changes in unrealized gains (losses)                                                                                       
 included in net income (loss): (5)                                                                                        
  Net investment income..................  $      -- $    --  $       --  $   --  $    -- $  --     $         --   $     --
  Net investment gains (losses)..........  $     (3) $    --  $       --  $   --  $    -- $  --     $         --   $     --
  Net derivative gains (losses)..........  $      -- $    --  $       --  $   39  $  (10) $  33     $        256   $     --

--------                                                                        

(1)Amortization of premium/accretion of discount is included within net         
investment income. Impairments charged to net income (loss) on securities 
are included in net investment gains (losses). Lapses associated with net 
embedded derivatives are included in net derivative gains (losses).       

(2)Interest and dividend accruals, as well as cash interest coupons and         
dividends received, are excluded from the rollforward.                    

(3)Items purchased/issued and then sold/settled in the same period are excluded 
from the rollforward. Fees attributed to embedded derivatives are included
in settlements.                                                           

(4)Gains and losses, in net income (loss) and OCI, are calculated assuming      
transfers into and/or out of Level 3 occurred at the beginning of the     
period. Items transferred into and then out of Level 3 in the same period 
are excluded from the rollforward.                                        

(5)Changes in unrealized gains (losses) included in net income (loss) relate to 
assets and liabilities still held at the end of the respective periods.   

(6)Freestanding derivative assets and liabilities are presented net for         
purposes of the rollforward.                                              

(7)Embedded derivative assets and liabilities are presented net for purposes of 
the rollforward.                                                          

(8)Investment performance related to separate account assets is fully offset by 
corresponding amounts credited to contractholders within separate account 
liabilities. Therefore, such changes in estimated fair value are not      
recorded in net income. For the purpose of this disclosure, these changes 
are presented within net investment gains (losses).                       

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

Fair Value Option                                                             

 The following table presents information for certain assets and liabilities
of CSEs, which are accounted for under the FVO. These assets and liabilities  
were initially measured at fair value.                                        

                                                        [Enlarge/Download Table]

                                                                             December 31,   
                                                                           -----------------
                                                                              2013     2012 
                                                                           -------- --------
                                                                             (In millions)  
                                                                                            
Assets: (1)                                                                                 
Unpaid principal balance.................................................. $  1,528 $  2,539
Difference between estimated fair value and unpaid principal balance......       70      127
                                                                           -------- --------
 Carrying value at estimated fair value................................... $  1,598 $  2,666
                                                                           ======== ========
Liabilities: (1)                                                                            
Contractual principal balance............................................. $  1,436 $  2,444
Difference between estimated fair value and contractual principal balance.       25      115
                                                                           -------- --------
 Carrying value at estimated fair value................................... $  1,461 $  2,559
                                                                           ======== ========

--------                                                                        

(1)These assets and liabilities are comprised of commercial mortgage loans and  
long-term debt. Changes in estimated fair value on these assets and       
liabilities and gains or losses on sales of these assets are recognized in
 net investment gains (losses). Interest income on commercial mortgage loans
  held by CSEs -- FVO is recognized in net investment income. Interest expense
from long-term debt of CSEs -- FVO is recognized in other expenses.       

Nonrecurring Fair Value Measurements                                            

The following table presents information for assets measured at estimated   
fair value on a nonrecurring basis during the periods and still held at the     
reporting dates; that is, they are not measured at fair value on a recurring    
basis but are subject to fair value adjustments only in certain circumstances   
(for example, when there is evidence of impairment). The estimated fair values  
for these assets were determined using significant unobservable inputs (Level   
3).                                                                             

                                                        [Enlarge/Download Table]

                                            At December 31,                Years Ended December 31, 
                                         -------------------------------- --------------------------
                                          2013       2012       2011        2013     2012     2011  
                                           ------     ------    -------   -------- --------- -------
                                         Carrying Value After Measurement       Gains (Losses)      
                                         -------------------------------- --------------------------
                                                          (In millions)                             
                                                                                                    
Mortgage loans, net (1)................. $   36     $   65     $     8    $    (4) $       4 $     8
Other limited partnership interests (2). $    5     $    6     $     5    $    (6) $     (3) $   (2)
Real estate joint ventures (3).......... $    1     $    2     $    --    $    (1) $     (3) $    --
Goodwill (4)............................ $   --     $   --     $    --    $   (66) $   (394) $    --

--------                                                                        

(1)Estimated fair values for impaired mortgage loans are based on independent   
broker quotations or valuation models using unobservable inputs or, if the
loans are in foreclosure or are otherwise determined to be collateral     
dependent, are based on the estimated fair value of the underlying        
collateral or the present value of the expected future cash flows.        

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

(2)For these cost method investments, estimated fair value is determined from   
 information provided in the financial statements of the underlying entities
 including NAV data. These investments include private equity and debt funds
  that typically invest primarily in various strategies including domestic and
international leveraged buyout funds; power, energy, timber and           
infrastructure development funds; venture capital funds; and below        
investment grade debt and mezzanine debt funds. Distributions will be     
generated from investment gains, from operating income from the underlying
investments of the funds and from liquidation of the underlying assets of 
the funds. It is estimated that the underlying assets of the funds will be
liquidated over the next two to 10 years. Unfunded commitments for these  
investments at both December 31, 2013 and 2012 were not significant.      

(3)For these cost method investments, estimated fair value is determined from   
 information provided in the financial statements of the underlying entities
  including NAV data. These investments include several real estate funds that
 typically invest primarily in commercial real estate. Distributions will be
generated from investment gains, from operating income from the underlying
investments of the funds and from liquidation of the underlying assets of 
the funds. It is estimated that the underlying assets of the funds will be
liquidated over the next one to 10 years. Unfunded commitments for these  
investments at both December 31, 2013 and 2012 were not significant.      

(4)As discussed in Note 10, in 2013, the Company recorded an impairment of      
goodwill associated with the Retail Life & Other reporting unit. In       
  addition, in 2012, the Company recorded an impairment of goodwill associated
with the Retail Annuities reporting unit. These impairments have been     
categorized as Level 3 due to the significant unobservable inputs used in 
the determination of the estimated fair value.                            

Fair Value of Financial Instruments Carried at Other Than Fair Value            

 The following tables provide fair value information for financial instruments
that are carried on the balance sheet at amounts other than fair value. These   
tables exclude the following financial instruments: cash and cash equivalents,  
accrued investment income, payables for collateral under securities loaned and  
other transactions and those short-term investments that are not securities,    
such as time deposits, and therefore are not included in the three level        
hierarchy table disclosed in the "-- Recurring Fair Value Measurements"         
section. The estimated fair value of the excluded financial instruments, which  
are primarily classified in Level 2 and, to a lesser extent, in Level 1,        
approximates carrying value as they are short-term in nature such that the      
Company believes there is minimal risk of material changes in interest rates or 
credit quality. All remaining balance sheet amounts excluded from the table     
below are not considered financial instruments subject to this disclosure.      

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

 The carrying values and estimated fair values for such financial instruments,
and their corresponding placement in the fair value hierarchy, are summarized   
as follows at:                                                                  

                                                        [Enlarge/Download Table]

                                                           December 31, 2013                       
                                     --------------------------------------------------------------
                                                       Fair Value Hierarchy                        
                                               ------------------------------------                
                                     Carrying                                       Total Estimated
                                      Value        Level 1     Level 2     Level 3    Fair Value   
                                     --------- ----------- ----------- ------------ ---------------
                                                             (In millions)                         
                                                                                                   
Assets                                                                                             
Mortgage loans...................... $   6,120 $        -- $        -- $      6,427  $      6,427  
Policy loans........................ $   1,219 $        -- $       872 $        407  $      1,279  
Real estate joint ventures.......... $      55 $        -- $        -- $         98  $         98  
Other limited partnership interests. $      78 $        -- $        -- $         89  $         89  
Other invested assets............... $     931 $        -- $       995 $         --  $        995  
Premiums, reinsurance and other                                                                    
 receivables........................ $   5,928 $        -- $        24 $      6,282  $      6,306  
Liabilities                                                                                        
PABs................................ $  20,875 $        -- $        -- $     21,987  $     21,987  
Long-term debt...................... $     790 $        -- $     1,009 $         --  $      1,009  
Other liabilities................... $     258 $        -- $        96 $        162  $        258  
Separate account liabilities........ $   1,448 $        -- $     1,448 $         --  $      1,448  

                                                           December 31, 2012                       
                                     --------------------------------------------------------------
                                                       Fair Value Hierarchy                        
                                               ------------------------------------                
                                     Carrying                                       Total Estimated
                                      Value        Level 1     Level 2     Level 3    Fair Value   
                                     --------- ----------- ----------- ------------ ---------------
                                                             (In millions)                         
Assets                                                                                             
Mortgage loans...................... $   6,491 $        -- $        -- $      7,009  $      7,009  
Policy loans........................ $   1,216 $        -- $       861 $        450  $      1,311  
Real estate joint ventures.......... $      59 $        -- $        -- $        101  $        101  
Other limited partnership interests. $      94 $        -- $        -- $        103  $        103  
Other invested assets............... $     432 $        -- $       548 $         --  $        548  
Premiums, reinsurance and other                                                                    
 receivables........................ $   6,015 $        -- $        86 $      6,914  $      7,000  
Liabilities                                                                                        
PABs................................ $  22,613 $        -- $        -- $     24,520  $     24,520  
Long-term debt...................... $     791 $        -- $     1,076 $         --  $      1,076  
Other liabilities................... $     237 $        -- $        81 $        156  $        237  
Separate account liabilities........ $   1,296 $        -- $     1,296 $         --  $      1,296  

 The methods, assumptions and significant valuation techniques and inputs used
to estimate the fair value of financial instruments are summarized as follows:  

Mortgage Loans                                                                

For mortgage loans, estimated fair value is primarily determined by       
estimating expected future cash flows and discounting them using current      
interest rates for similar mortgage loans with similar credit risk, or is     
determined from pricing for similar loans.                                    

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

Policy Loans                                                                  

Policy loans with fixed interest rates are classified within Level 3. The 
estimated fair values for these loans are determined using a discounted cash  
flow model applied to groups of similar policy loans determined by the nature 
of the underlying insurance liabilities. Cash flow estimates are developed by 
applying a weighted-average interest rate to the outstanding principal balance
of the respective group of policy loans and an estimated average maturity     
determined through experience studies of the past performance of policyholder 
repayment behavior for similar loans. These cash flows are discounted using   
current risk-free interest rates with no adjustment for borrower credit risk  
as these loans are fully collateralized by the cash surrender value of the    
underlying insurance policy. Policy loans with variable interest rates are    
classified within Level 2 and the estimated fair value approximates carrying  
value due to the absence of borrower credit risk and the short time period    
between interest rate resets, which presents minimal risk of a material change
in estimated fair value due to changes in market interest rates.              

Real Estate Joint Ventures and Other Limited Partnership Interests            

The estimated fair values of these cost method investments are generally  
based on the Company's share of the NAV as provided in the financial          
statements of the investees. In certain circumstances, management may adjust  
the NAV by a premium or discount when it has sufficient evidence to support   
applying such adjustments.                                                    

Other Invested Assets                                                         

 These other invested assets are principally comprised of loans to affiliates.
The estimated fair value of loans to affiliates is determined by discounting    
the expected future cash flows using market interest rates currently available  
for instruments with similar terms and remaining maturities.                    

Premiums, Reinsurance and Other Receivables                                   

Premiums, reinsurance and other receivables are principally comprised of    
certain amounts recoverable under reinsurance agreements, amounts on deposit    
with financial institutions to facilitate daily settlements related to certain  
derivatives and amounts receivable for securities sold but not yet settled.     

Amounts recoverable under ceded reinsurance agreements, which the Company 
has determined do not transfer significant risk such that they are accounted  
for using the deposit method of accounting, have been classified as Level 3.  
The valuation is based on discounted cash flow methodologies using significant
unobservable inputs. The estimated fair value is determined using interest    
rates determined to reflect the appropriate credit standing of the assuming   
counterparty.                                                                 

The amounts on deposit for derivative settlements, classified within Level
2, essentially represent the equivalent of demand deposit balances and amounts
due for securities sold are generally received over short periods such that   
the estimated fair value approximates carrying value.                         

PABs                                                                          

 These PABs include investment contracts. Embedded derivatives on investment
contracts and certain variable annuity guarantees accounted for as embedded   
derivatives are excluded from this caption in the preceding tables as they are
separately presented in "-- Recurring Fair Value Measurements."               

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Fair Value (continued)                                                       

  The investment contracts primarily include certain funding agreements, fixed
deferred annuities, modified guaranteed annuities, fixed term payout annuities
and total control accounts. The valuation of these investment contracts is    
based on discounted cash flow methodologies using significant unobservable    
inputs. The estimated fair value is determined using current market risk-free 
interest rates adding a spread to reflect the nonperformance risk in the      
liability.                                                                    

Long-term Debt                                                                

The estimated fair value of long-term debt is principally determined using
market standard valuation methodologies. Valuations are based primarily on    
quoted prices in markets that are not active or using matrix pricing that use 
standard market observable inputs such as quoted prices in markets that are   
not active and observable yields and spreads in the market. Instruments valued
using discounted cash flow methodologies use standard market observable inputs
including market yield curve, duration, observable prices and spreads for     
similar publicly traded or privately traded issues.                           

Other Liabilities                                                             

Other liabilities consist primarily of interest payable, amounts due for  
securities purchased but not yet settled and funds withheld amounts payable,  
which are contractually withheld by the Company in accordance with the terms  
of the reinsurance agreements. The Company evaluates the specific terms, facts
and circumstances of each instrument to determine the appropriate estimated   
fair values, which are not materially different from the carrying values.     

Separate Account Liabilities                                                  

Separate account liabilities represent those balances due to policyholders
under contracts that are classified as investment contracts.                  

Separate account liabilities classified as investment contracts primarily 
represent variable annuities with no significant mortality risk to the Company
such that the death benefit is equal to the account balance and certain       
contracts that provide for benefit funding.                                   

Since separate account liabilities are fully funded by cash flows from the
separate account assets which are recognized at estimated fair value as       
described in the section "-- Recurring Fair Value Measurements," the value of 
those assets approximates the estimated fair value of the related separate    
account liabilities. The valuation techniques and inputs for separate account 
liabilities are similar to those described for separate account assets.       

10. Goodwill                                                                    

Goodwill is the excess of cost over the estimated fair value of net assets  
acquired. Goodwill is not amortized but is tested for impairment at least       
annually or more frequently if events or circumstances, such as adverse changes 
in the business climate, indicate that there may be justification for           
conducting an interim test. Step 1 of the goodwill impairment process requires  
a comparison of the fair value of a reporting unit to its carrying value.       

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

10. Goodwill (continued)                                                        

In performing the Company's goodwill impairment tests, the estimated fair       
values of the reporting units are first determined using a market multiple      
valuation approach. When further corroboration is required, the Company uses a  
discounted cash flow valuation approach. For reporting units which are          
particularly sensitive to market assumptions, the Company may use additional    
valuation methodologies to estimate the reporting units' fair values.           

 The market multiple valuation approach utilizes market multiples of companies
with similar businesses and the projected operating earnings of the reporting   
unit. The discounted cash flow valuation approach requires judgments about      
revenues, operating earnings projections, capital market assumptions and        
discount rates. The key inputs, judgments and assumptions necessary in          
determining estimated fair value of the reporting units include projected       
operating earnings, current book value, the level of economic capital required  
to support the mix of business, long-term growth rates, comparative market      
multiples, the account value of in-force business, projections of new and       
renewal business, as well as margins on such business, the level of interest    
rates, credit spreads, equity market levels, and the discount rate that the     
Company believes is appropriate for the respective reporting unit.              

The valuation methodologies utilized are subject to key judgments and       
assumptions that are sensitive to change. Estimates of fair value are           
inherently uncertain and represent only management's reasonable expectation     
regarding future developments. These estimates and the judgments and            
assumptions upon which the estimates are based will, in all likelihood, differ  
in some respects from actual future results. Declines in the estimated fair     
value of the Company's reporting units could result in goodwill impairments in  
future periods which could materially adversely affect the Company's results of 
operations or financial position.                                               

During the 2013 annual goodwill impairment tests, the market multiple and   
discounted cash flow valuation techniques indicated that the fair value of the  
Retail Life & Other reporting unit was below its carrying value. Due to these   
results, an actuarial appraisal, which estimates the net worth of the reporting 
unit, the value of existing business and the value of new business, was also    
performed. This appraisal also resulted in a fair value of the Retail Life &    
Other reporting unit that was less than the carrying value, indicating a        
potential for goodwill impairment. An increase in required reserves on          
universal life products with secondary guarantees, together with modifications  
to financial reinsurance treaty terms, was reflected in the fair value          
estimate. In addition, decreased future sales assumptions reflected in the      
valuation were driven by the discontinuance of certain sales of universal life  
products with secondary guarantees by the Company. Accordingly, the Company     
performed Step 2 of the goodwill impairment process, which compares the implied 
fair value of goodwill with the carrying value of that goodwill in the          
reporting unit to calculate the amount of goodwill impairment. The Company      
determined that all of the recorded goodwill associated with the Retail Life &  
Other reporting unit was not recoverable and recorded a non-cash charge of $66  
million ($57 million, net of income tax) for the impairment of the entire       
goodwill balance in the consolidated statements of operations for the year      
ended December 31, 2013. The full amount was impaired at MetLife Insurance      
Company of Connecticut.                                                         

 In addition, the Company performed its annual goodwill impairment test of its
Corporate Benefit Funding reporting unit using a market multiple valuation      
approach and concluded that the fair value of such reporting unit was in excess 
of its carrying value and, therefore, goodwill was not impaired.                

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

10. Goodwill (continued)                                                        

Information regarding goodwill by segment, as well as Corporate & Other, was
as follows:                                                                     

                                                                [Download Table]

                                       Corporate                     
                                        Benefit   Corporate          
                               Retail   Funding  & Other (1)  Total  
                              -------- --------- ----------- --------
                                           (In millions)             
                                                                     
Balance at January 1, 2012                                           
Goodwill..................... $    241  $  307    $    405   $    953
Accumulated impairment.......       --      --          --         --
                              --------  ------    --------   --------
 Total goodwill, net......... $    241  $  307    $    405   $    953

Impairments (2)..............    (218)      --       (176)      (394)

Balance at December 31, 2012                                         
Goodwill..................... $    241  $  307    $    405   $    953
Accumulated impairment.......    (218)      --       (176)      (394)
                              --------  ------    --------   --------
 Total goodwill, net......... $     23  $  307    $    229   $    559
Impairments                       (23)      --        (43)       (66)
Balance at December 31, 2013.                                        
Goodwill..................... $    241  $  307    $    405   $    953
Accumulated impairment.......    (241)      --       (219)      (460)
                              --------  ------    --------   --------
 Total goodwill, net......... $     --  $  307    $    186   $    493
                              ========  ======    ========   ========

--------                                                                        

(1)For purposes of goodwill impairment testing, the $229 million of net         
goodwill in Corporate & Other at December 31, 2012, which resulted from   
goodwill acquired as part of the 2005 Travelers acquisition, was allocated
to business units of the Retail and Corporate Benefit Funding segments in 
the amounts of $43 million and $186 million, respectively. As reflected in
the table, the $43 million related to the Retail segment was impaired for 
the year ended December 31, 2013.                                         

(2)In connection with its annual goodwill impairment testing, the Company       
determined that all of the recorded goodwill associated with the Retail   
 Annuities reporting unit was not recoverable and recorded a non-cash charge
 of $394 million ($147 million, net of income tax) for the impairment of the
  entire goodwill balance in the consolidated statements of operations for the
  year ended December 31, 2012. Of this amount, $327 million ($80 million, net
of income tax) was impaired at MetLife Insurance Company of Connecticut.  

11. Debt                                                                        

Long-term debt outstanding was as follows:                                  

                                                                [Download Table]

                                                        December 31,   
                                    Interest          -----------------
                                      Rate   Maturity   2013     2012  
                                    -------- -------- -------- --------
                                                        (In millions)  
                                                                       
Surplus notes -- affiliated........   8.60%      2038 $    750 $    750
Long-term debt -- unaffiliated (1).   7.03%      2030       40       41
                                                      -------- --------
 Total long-term debt (2)..........                   $    790 $    791
                                                      ======== ========

--------                                                                        

(1)Principal and interest is paid quarterly.                                    

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

11. Debt (continued)                                                            

(2)Excludes $1.5 billion and $2.6 billion of long-term debt relating to CSEs at 
December 31, 2013 and 2012, respectively. See Note 7.                     

The aggregate maturities of long-term debt at December 31, 2013 are $1      
million in each of 2014, 2015, 2016, and 2017, $2 million in 2018 and $784      
million thereafter.                                                             

Interest expense related to the Company's indebtedness included in other    
expenses was $68 million, $68 million and $67 million for the years ended       
December 31, 2013, 2012 and 2011, respectively.                                 

Payments of interest and principal on the surplus notes, which are          
subordinate to all other obligations at the operating company level, may be     
made only with the prior approval of the insurance department of the state of   
domicile.                                                                       

12. Equity                                                                      

Return of Capital                                                               

During the year ended December 31, 2011, Sino-US MetLife Insurance Company  
Limited ("Sino"), an insurance underwriting joint venture of the Company        
accounted for under the equity method, merged with United MetLife Insurance     
Company Limited ("United"), another insurance underwriting joint venture of an  
affiliate of the Company. MetLife Insurance Company of Connecticut's ownership  
interest in the merged entity, Sino-US United MetLife Insurance Company Limited 
("Sino-United") was determined based on its contributed capital and share of    
undistributed earnings of Sino compared to the contributed capital and          
undistributed earnings of all other investees of Sino and United. Since both of 
the joint ventures were under common ownership both prior to and subsequent to  
the merger, MetLife Insurance Company of Connecticut's investment in            
Sino-United is based on the carrying value of its investment in Sino. Pursuant  
to the merger, MetLife Insurance Company of Connecticut entered into an         
agreement to pay the affiliate an amount based on the relative fair values of   
their respective investments in Sino-United. Accordingly, upon completion of    
the estimation of fair value, $47 million, representing a return of capital,    
was paid during the year ended December 31, 2011. MetLife Insurance Company of  
Connecticut's investment in Sino-United is accounted for under the equity       
method and is included in other invested assets.                                

Common Stock                                                                    

The Company has 40,000,000 authorized shares of common stock, 34,595,317    
shares of which were outstanding at both December 31, 2013 and 2012. Of such    
outstanding shares, 30,000,000 shares are owned directly by MetLife and the     
remaining shares are owned by MetLife Investors Group, Inc.                     

Statutory Equity and Income                                                     

Each U.S. insurance company's state of domicile imposes risk-based capital  
("RBC") requirements that were developed by the National Association of         
Insurance Commissioners ("NAIC"). Regulatory compliance is determined by a      
ratio of a company's total adjusted capital, calculated in the manner           
prescribed by the NAIC ("TAC") to its authorized control level RBC, calculated  
in the manner prescribed by the NAIC ("ACL RBC"). Companies below specific      
trigger points or ratios are classified within certain levels, each of which    
requires                                                                        

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

12. Equity (continued)                                                          

specified corrective action. The minimum level of TAC before corrective action  
commences is twice ACL RBC. The RBC ratio for MetLife Insurance Company of      
Connecticut and its U.S. insurance subsidiary, MLI-USA, were in excess of 400%  
for all periods presented.                                                      

MetLife Insurance Company of Connecticut and its insurance subsidiaries     
prepare statutory-basis financial statements in accordance with statutory       
accounting practices prescribed or permitted by the insurance department of the 
state of domicile or applicable foreign jurisdiction. The NAIC has adopted the  
Codification of Statutory Accounting Principles ("Statutory Codification").     
Statutory Codification is intended to standardize regulatory accounting and     
reporting to state insurance departments. However, statutory accounting         
principles continue to be established by individual state laws and permitted    
practices. Modifications by the various state insurance departments may impact  
the effect of Statutory Codification on the statutory capital and surplus of    
MetLife Insurance Company of Connecticut and MLI-USA.                           

 Statutory accounting principles differ from GAAP primarily by charging policy
acquisition costs to expense as incurred, establishing future policy benefit    
liabilities using different actuarial assumptions, reporting surplus notes as   
surplus instead of debt, reporting of reinsurance agreements and valuing        
securities on a different basis.                                                

In addition, certain assets are not admitted under statutory accounting     
principles and are charged directly to surplus. The most significant assets not 
admitted by the Company are net deferred income tax assets resulting from       
temporary differences between statutory accounting principles basis and tax     
basis not expected to reverse and become recoverable within three years.        

Statutory net income (loss) of MetLife Insurance Company of Connecticut, a  
Connecticut domiciled insurer, was $790 million, $848 million and $46 million   
for the years ended December 31, 2013, 2012 and 2011, respectively. Statutory   
capital and surplus was $4.8 billion and $5.3 billion at December 31, 2013 and  
2012, respectively. All such amounts are derived from the statutory-basis       
financial statements as filed with the Connecticut Insurance Department.        

Statutory net income (loss) of MLI-USA, a Delaware domiciled insurer, was   
$209 million, $84 million and $178 million for the years ended December 31,     
2013, 2012 and 2011, respectively. Statutory capital and surplus was $1.9       
billion and $1.7 billion at December 31, 2013 and 2012, respectively. All such  
amounts are derived from the statutory-basis financial statements as filed with 
the Delaware Department of Insurance.                                           

As of December 31, 2013, MetLife Insurance Company of Connecticut's sole    
foreign insurance subsidiary, MetLife Assurance Limited ("MAL") was regulated   
by authorities in the United Kingdom and was subject to minimum capital and     
solvency requirements before corrective action commences. The required capital  
and surplus was $165 million and the actual regulatory capital and surplus was  
$573 million as of the date of the most recent capital adequacy calculation for 
the jurisdiction. MAL exceeded these minimum capital and solvency requirements  
for all other periods presented. See Note 17 for additional information on MAL. 

Dividend Restrictions                                                           

Under Connecticut State Insurance Law, MetLife Insurance Company of         
Connecticut is permitted, without prior insurance regulatory clearance, to pay  
stockholder dividends to its stockholders as long as the amount of such         
dividends, when aggregated with all other dividends in the preceding 12 months, 
does not exceed the greater                                                     

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

12. Equity (continued)                                                          

of: (i) 10% of its surplus to policyholders as of the end of the immediately    
preceding calendar year or (ii) its statutory net gain from operations for the  
immediately preceding calendar year. MetLife Insurance Company of Connecticut   
will be permitted to pay a dividend in excess of the greater of such two        
amounts only if it files notice of its declaration of such a dividend and the   
amount thereof with the Connecticut Commissioner of Insurance (the "Connecticut 
Commissioner") and the Connecticut Commissioner either approves the             
distribution of the dividend or does not disapprove the payment within 30 days  
after notice. In addition, any dividend that exceeds earned surplus (defined as 
"unassigned funds (surplus)" reduced by 25% of unrealized appreciation in value 
or revaluation of assets or unrealized profits on investments) as of the last   
filed annual statutory statement requires insurance regulatory approval. Under  
Connecticut State Insurance Law, the Connecticut Commissioner has broad         
discretion in determining whether the financial condition of a stock life       
insurance company would support the payment of such dividends to its            
stockholders. During the year ended December 31, 2013, MetLife Insurance        
Company of Connecticut paid a dividend to its stockholders in the amount of     
$1.0 billion. During the year ended December 31, 2012, MetLife Insurance        
Company of Connecticut paid total dividends of $706 million. During June 2012,  
the Company distributed all of the issued and outstanding shares of common      
stock of MetLife Europe to its stockholders as an in-kind extraordinary         
dividend of $202 million, as calculated on a statutory basis. Regulatory        
approval for this extraordinary dividend was obtained due to the timing of      
payment. During December 2012, MetLife Insurance Company of Connecticut paid a  
dividend to its stockholders in the amount of $504 million, which represented   
its ordinary dividend capacity at year-end 2012. Due to the June 2012 in -kind  
dividend, a portion of this was extraordinary and regulatory approval was       
obtained. During the years ended December 31, 2011, MetLife Insurance Company   
of Connecticut paid a dividend of $517 million. Based on amounts at             
December 31, 2013, MetLife Insurance Company of Connecticut could pay a         
stockholder dividend in 2014 of $1.0 billion without prior approval of the      
Connecticut Commissioner.                                                       

Under Delaware State Insurance Law, MLI-USA is permitted, without prior     
insurance regulatory clearance, to pay a stockholder dividend to MetLife        
Insurance Company of Connecticut as long as the amount of the dividend when     
aggregated with all other dividends in the preceding 12 months does not exceed  
the greater of: (i) 10% of its surplus to policyholders as of the end of the    
immediately preceding calendar year; or (ii) its net statutory gain from        
operations for the immediately preceding calendar year (excluding realized      
capital gains). MLI-USA will be permitted to pay a dividend to MetLife          
Insurance Company of Connecticut in excess of the greater of such two amounts   
only if it files notice of the declaration of such a dividend and the amount    
thereof with the Delaware Commissioner of Insurance (the "Delaware              
Commissioner") and the Delaware Commissioner either approves the distribution   
of the dividend or does not disapprove the distribution within 30 days of its   
filing. In addition, any dividend that exceeds earned surplus (defined as       
"unassigned funds (surplus)") as of the immediately preceding calendar year     
requires insurance regulatory approval. Under Delaware State Insurance Law, the 
Delaware Commissioner has broad discretion in determining whether the financial 
condition of a stock life insurance company would support the payment of such   
dividends to its stockholders. During the years ended December 31, 2013, 2012   
and 2011, MLI-USA did not pay dividends to MetLife Insurance Company of         
Connecticut. Because MLI-USA's statutory unassigned funds were negative at      
December 31, 2013, MLI-USA cannot pay any dividends in 2014 without prior       
regulatory approval.                                                            

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

12. Equity (continued)                                                          

Accumulated Other Comprehensive Income (Loss)                                   

Information regarding changes in the balances of each component of AOCI, net
of income tax, was as follows:                                                  

                                                        [Enlarge/Download Table]

                                                    Unrealized                       Foreign             
                                                 Investment Gains     Unrealized    Currency             
                                                 (Losses), Net of   Gains (Losses) Translation           
                                                Related Offsets (1) on Derivatives Adjustments   Total   
                                                ------------------- -------------- ----------- ----------
                                                                      (In millions)                      
                                                                                                         
Balance at December 31, 2010...................      $          412    $      (70)  $    (125) $      217
OCI before reclassifications...................               2,118            356        (16)      2,458
Income tax expense (benefit)...................               (747)          (125)           2      (870)
                                                     --------------    -----------  ---------- ----------
 OCI before reclassifications, net of income                                                             
   tax.........................................               1,783            161       (139)      1,805
Amounts reclassified from AOCI.................                (44)            (9)          --       (53)
Income tax expense (benefit)...................                  16              3          --         19
                                                     --------------    -----------  ---------- ----------
 Amounts reclassified from AOCI, net of income                                                           
   tax.........................................                (28)            (6)          --       (34)
                                                     --------------    -----------  ---------- ----------
Balance at December 31, 2011...................               1,755            155       (139)      1,771
OCI before reclassifications...................                 945              7          88      1,040
Income tax expense (benefit)...................               (350)            (1)           2      (349)
                                                     --------------    -----------  ---------- ----------
 OCI before reclassifications, net of income                                                             
   tax.........................................               2,350            161        (49)      2,462
Amounts reclassified from AOCI.................                (95)            (3)          --       (98)
Income tax expense (benefit)...................                  35              1          --         36
                                                     --------------    -----------  ---------- ----------
 Amounts reclassified from AOCI, net of income                                                           
   tax.........................................                (60)            (2)          --       (62)
                                                     --------------    -----------  ---------- ----------
Balance at December 31, 2012...................               2,290            159        (49)      2,400
OCI before reclassifications...................             (2,039)          (193)          28    (2,204)
Income tax expense (benefit)...................                 671             68         (2)        737
                                                     --------------    -----------  ---------- ----------
 OCI before reclassifications, net of income                                                             
   tax.........................................                 922             34        (23)        933
Amounts reclassified from AOCI.................                (55)           (11)          --       (66)
Income tax expense (benefit)...................                  18              4          --         22
                                                     --------------    -----------  ---------- ----------
 Amounts reclassified from AOCI, net of income                                                           
   tax.........................................                (37)            (7)          --       (44)
                                                     --------------    -----------  ---------- ----------
Balance at December 31, 2013...................      $          885    $        27  $     (23) $      889
                                                     ==============    ===========  ========== ==========

--------                                                                        

(1)See Note 7 for information on offsets to investments related to insurance    
liabilities and DAC and VOBA.                                             

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

12. Equity (continued)                                                          

 Information regarding amounts reclassified out of each component of AOCI, was
as follows:                                                                     

                                                        [Enlarge/Download Table]

                                                                                   Statement of Operations and     
AOCI Components                                 Amounts Reclassified from AOCI Comprehensive Income (Loss) Location
--------------------------------------------    -----------------------------  ------------------------------------
                                                  Years Ended December 31,                                         
                                                -----------------------------                                      
                                                  2013       2012      2011                                        
                                                ---------  --------- ---------                                     
                                                        (In millions)                                              
                                                                                                                   
Net unrealized investment gains (losses):                                                                          
  Net unrealized investment gains                                                                                  
   (losses).................................... $      48  $      98 $      14 Other net investment gains (losses) 
  Net unrealized investment gains                                                                                  
   (losses)....................................        16          6        25 Net investment income               
  Net unrealized investment gains                                                                                  
   (losses)....................................         2       (12)        10 Net derivative gains (losses)       
  OTTI.........................................      (11)          3       (5) OTTI on fixed maturity securities   
                                                ---------  --------- ---------                                     
    Net unrealized investment gains                                                                                
     (losses), before income tax...............        55         95        44                                     
    Income tax (expense) benefit...............      (18)       (35)      (16)                                     
                                                ---------  --------- ---------                                     
    Net unrealized investment gains                                                                                
     (losses), net of income tax............... $      37  $      60 $      28                                     
                                                =========  ========= =========                                     
Unrealized gains (losses) on derivatives -                                                                         
 cash flow hedges:                                                                                                 
  Interest rate swaps..........................        --         --         1 Net derivative gains (losses)       
  Interest rate forwards.......................         9          1         9 Net derivative gains (losses)       
  Interest rate forwards.......................         1          1        -- Net investment income               
  Foreign currency swaps.......................        --          1       (2) Net derivative gains (losses)       
  Credit forwards..............................        --         --         1 Net derivative gains (losses)       
  Credit forwards..............................         1         --        -- Net investment income               
                                                ---------  --------- ---------                                     
    Gains (losses) on cash flow hedges,                                                                            
     before income tax.........................        11          3         9                                     
    Income tax (expense) benefit...............       (4)        (1)       (3)                                     
                                                ---------  --------- ---------                                     
    Gains (losses) on cash flow hedges, net                                                                        
     of income tax............................. $       7  $       2 $       6                                     
                                                =========  ========= =========                                     
Total reclassifications, net of income tax..... $      44  $      62 $      34                                     
                                                =========  ========= =========                                     

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

13. Other Expenses                                                              

Information on other expenses was as follows:                               

                                                                [Download Table]

                                                    Years Ended December 31,  
                                                  ----------------------------
                                                    2013     2012      2011   
                                                  -------- -------- ----------
                                                         (In millions)        
                                                                              
Compensation..................................... $    352 $    402 $      357
Commissions......................................      639      939      1,418
Volume-related costs.............................      138      159        196
Affiliated interest costs on ceded reinsurance...      212      271        271
Capitalization of DAC............................    (504)    (886)    (1,365)
Amortization of DAC and VOBA.....................       50    1,035      1,159
Interest expense on debt and debt issuance costs.      190      231        389
Premium taxes, licenses and fees.................       57       63         75
Professional services............................       41       25         50
Rent and related expenses........................       31       37         29
Other............................................      453      444        402
                                                  -------- -------- ----------
 Total other expenses............................ $  1,659 $  2,720 $    2,981
                                                  ======== ======== ==========

Capitalization of DAC and Amortization of DAC and VOBA                          

See Note 5 for additional information on DAC and VOBA including impacts of  
capitalization and amortization.                                                

Interest Expense on Debt and Debt Issuance Costs                                

 Interest expense on debt and debt issuance costs includes interest expense on
debt (see Note 11) and interest expense related to CSEs (see Note 7).           

Affiliated Expenses                                                             

 Commissions, capitalization of DAC and amortization of DAC include the impact
of affiliated reinsurance transactions. See Notes 6, 11 and 16 for discussion   
of affiliated expenses included in the table above.                             

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

14. Income Tax                                                                  

The provision for income tax from continuing operations was as follows:     

                                                        [Enlarge/Download Table]

                                                            Years Ended December 31,                           
                                                            ---------------------------------------------------
                                                             2013             2012              2011           
                                                                ------          --------          --------     
                                                                 (In millions)                                 
                                                                                                               
Current:                                                                                                       
 Federal................................................... $ (41)          $  (235)          $  (157)         
 Foreign...................................................      8              (10)               (5)         
                                                                ------          --------          --------     
   Subtotal................................................   (33)             (245)             (162)         
                                                                ------          --------          --------     
Deferred:                                                                                                      
 Federal...................................................    242               598               613         
 Foreign...................................................     18                19                42         
                                                                ------          --------          --------     
   Subtotal................................................    260               617               655         
                                                                ------          --------          --------     
     Provision for income tax expense (benefit)............ $  227          $    372          $    493         
                                                                ======          ========          ========     
  The Company's income (loss) from continuing operations before income tax expense (benefit) from domestic     
and foreign operations were as follows:                                                                        
                                                            Years Ended December 31,                           
                                                            ---------------------------------------------------
                                                             2013             2012              2011           
                                                                ------          --------          --------     
                                                                 (In millions)                                 
Income (loss) from continuing operations:                                                                      
 Domestic.................................................. $  869          $  1,492          $  1,545         
 Foreign...................................................     78               (2)               122         
                                                                ------          --------          --------     
   Total................................................... $  947          $  1,490          $  1,667         
                                                                ======          ========          ========     
  The reconciliation of the income tax provision at the U.S. statutory rate to the provision for income tax as 
reported for continuing operations was as follows:                                                             
                                                            Years Ended December 31,                           
                                                            ---------------------------------------------------
                                                             2013             2012              2011           
                                                                ------          --------          --------     
                                                                 (In millions)                                 
Tax provision at U.S. statutory rate....................... $  331          $    522          $    583         
Tax effect of:                                                                                                 
 Dividend received deduction...............................   (81)              (70)              (69)         
 Tax-exempt income.........................................     --               (1)               (2)         
 Prior year tax............................................    (4)                 3               (9)         
 Tax credits...............................................   (10)               (8)              (11)         
 Foreign tax rate differential.............................    (2)                13               (1)         
 Change in valuation allowance.............................     --                22               (2)         
 Goodwill impairment.......................................     13             (109)                --         
 Sale of subsidiary........................................   (24)                --                --         
 Other, net................................................      4                --                 4         
                                                                ------          --------          --------     
   Provision for income tax expense (benefit).............. $  227          $    372          $    493         
                                                                ======          ========          ========     

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

14. Income Tax (continued)                                                      

  Deferred income tax represents the tax effect of the differences between the
book and tax basis of assets and liabilities. Net deferred income tax assets  
and liabilities consisted of the following at:                                

                                                        [Enlarge/Download Table]

                                                                       December 31,                              
                                                            -----------------------------------------------------
                                                                 2013                        2012                
                                                            ----------------              ------------------     
                                                                       (In millions)                             
                                                                                                                 
Deferred income tax assets:                                                                                      
 Policyholder liabilities and receivables.................. $          1,282          $              883         
 Net operating loss carryforwards..........................               22                          32         
 Employee benefits.........................................               --                           3         
 Tax credit carryforwards..................................              125                          92         
 Other.....................................................                7                          35         
                                                                     ----------------     ------------------     
   Total gross deferred income tax assets..................            1,436                       1,045         
 Less: Valuation allowance.................................               --                          25         
                                                                     ----------------     ------------------     
   Total net deferred income tax assets....................            1,436                       1,020         
                                                                     ----------------     ------------------     
Deferred income tax liabilities:                                                                                 
 Investments, including derivatives........................              651                         258         
 Net unrealized investment gains...........................              575                       1,336         
 DAC and VOBA..............................................            1,543                       1,281         
 Other.....................................................               52                          15         
                                                                     ----------------     ------------------     
   Total deferred income tax liabilities...................            2,821                       2,890         
                                                                     ----------------     ------------------     
     Net deferred income tax asset (liability)............. $        (1,385)          $          (1,870)         
                                                                     ================     ==================     
   The following table sets forth the domestic net operating carryforwards for tax purposes at December 31,      
 2013:                                                                                                           
                                                                    Net Operating Loss                           
                                                                       Carryforwards                             
                                                            -----------------------------------------------------
                                                                Amount                    Expiration             
                                                            ----------------              ------------------     
                                                             (In millions)                                       
Domestic................................................... $             64           Beginning in 2028         

Tax credit carryforwards of $125 million at December 31, 2013 will expire 
beginning in 2015.                                                            

  Pursuant to Internal Revenue Service ("IRS") rules, the Company was excluded
from MetLife's life/non-life consolidated federal tax return for the five     
years subsequent to MetLife's July 2005 acquisition of the Company. In 2011,  
MetLife Insurance Company of Connecticut and its subsidiaries joined the      
consolidated return and became a party to the MetLife tax sharing agreement.  
Prior to 2011, MetLife Insurance Company of Connecticut filed a consolidated  
tax return with its includable subsidiaries. Non-includable subsidiaries filed
either separate individual corporate tax returns or separate consolidated tax 
returns.                                                                      

The Company participates in a tax sharing agreement with MetLife, as      
described in Note 1. Pursuant to this tax sharing agreement, the amounts due  
from affiliates included $194 million, $135 million, and $151 million at      
December 31, 2013, 2012, and 2011, respectively.                              

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

14. Income Tax (continued)                                                      

The Company files income tax returns with the U.S. federal government and 
various state and local jurisdictions, as well as foreign jurisdictions. The  
Company is under continuous examination by the IRS and other tax authorities  
in jurisdictions in which the Company has significant business operations. The
income tax years under examination vary by jurisdiction. The Company is no    
longer subject to U.S. federal, state or local income tax examinations in     
major taxing jurisdictions for years prior to 2005. In 2012, the Company and  
the IRS completed and settled substantially all the issues identified in the  
audit years of 2005 and 2006. The issues not settled are under review at the  
IRS Appeals Division.                                                         

The Company's liability for unrecognized tax benefits may increase or     
decrease in the next 12 months. A reasonable estimate of the increase or      
decrease cannot be made at this time. However, the Company continues to       
believe that the ultimate resolution of the pending issues will not result in 
a material change to its consolidated financial statements, although the      
resolution of income tax matters could impact the Company's effective tax rate
for a particular future period.                                               

A reconciliation of the beginning and ending amount of unrecognized tax   
benefits was as follows:                                                      

                                                        [Enlarge/Download Table]

                                                                           Years Ended December 31,  
                                                                          ---------------------------
                                                                           2013     2012      2011   
                                                                          ------- --------- ---------
                                                                                 (In millions)       
                                                                                                     
Balance at January 1,.................................................... $   (1) $      29 $      38
Additions for tax positions of prior years...............................      25        46        --
Reductions for tax positions of prior years..............................     (1)      (76)       (3)
Additions for tax positions of current year..............................       1         9         2
Reductions for tax positions of current year.............................     (1)       (9)       (8)
                                                                          ------- --------- ---------
Balance at December 31,..................................................     $23 $     (1) $      29
                                                                          ======= ========= =========
Unrecognized tax benefits that, if recognized would impact the effective                             
  rate................................................................... $    23  $    (1)  $    (3)
                                                                          ======= ========= =========

  The Company classifies interest accrued related to unrecognized tax benefits
in interest expense, included within other expenses, while penalties are      
included in income tax expense.                                               

Interest was as follows:                                                        

                                                        [Enlarge/Download Table]

                                                                  Years Ended December 31,
                                                                  ------------------------
                                                                   2013    2012    2011   
                                                                  ------  ------  ------- 
                                                                      (In millions)       
                                                                                          
Interest recognized in the consolidated statements of operations. $    1  $  (9)  $    -- 

                                                                            December 31,  
                                                                          ----------------
                                                                           2013    2012   
                                                                          ------  ------- 
                                                                          (In millions)   
Interest included in other liabilities in the consolidated balance sheets $    1  $    -- 

  The Company had no penalties for the years ended December 31, 2013, 2012 and
2011.                                                                         

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

14. Income Tax (continued)                                                      

 The U.S. Treasury Department and the IRS have indicated that they intend to
address through regulations the methodology to be followed in determining the 
dividends received deduction ("DRD"), related to variable life insurance and  
annuity contracts. The DRD reduces the amount of dividend income subject to   
tax and is a significant component of the difference between the actual tax   
expense and expected amount determined using the federal statutory tax rate of
35%. Any regulations that the IRS ultimately proposes for issuance in this    
area will be subject to public notice and comment, at which time insurance    
companies and other interested parties will have the opportunity to raise     
legal and practical questions about the content, scope and application of such
regulations. As a result, the ultimate timing and substance of any such       
regulations are unknown at this time. For the years ended December 31, 2013   
and 2012, the Company recognized an income tax benefit of $92 million and $70 
million, respectively, related to the separate account DRD. The 2013 benefit  
included a benefit of $11 million related to a true-up of the 2012 tax return.
The 2012 benefit included an expense of less than $1 million related to a     
true-up of the 2011 tax return.                                               

15. Contingencies, Commitments and Guarantees                                   

Contingencies                                                                   

Litigation                                                                    

  The Company is a defendant in a number of litigation matters. In some of the
matters, large and/or indeterminate amounts, including punitive and treble    
damages, are sought. Modern pleading practice in the U.S. permits considerable
variation in the assertion of monetary damages or other relief. Jurisdictions 
may permit claimants not to specify the monetary damages sought or may permit 
claimants to state only that the amount sought is sufficient to invoke the    
jurisdiction of the trial court. In addition, jurisdictions may permit        
plaintiffs to allege monetary damages in amounts well exceeding reasonably    
possible verdicts in the jurisdiction for similar matters. This variability in
pleadings, together with the actual experience of the Company in litigating or
resolving through settlement numerous claims over an extended period of time, 
demonstrates to management that the monetary relief which may be specified in 
a lawsuit or claim bears little relevance to its merits or disposition value. 

Due to the vagaries of litigation, the outcome of a litigation matter and 
the amount or range of potential loss at particular points in time may        
normally be difficult to ascertain. Uncertainties can include how fact finders
will evaluate documentary evidence and the credibility and effectiveness of   
witness testimony, and how trial and appellate courts will apply the law in   
the context of the pleadings or evidence presented, whether by motion         
practice, or at trial or on appeal. Disposition valuations are also subject to
the uncertainty of how opposing parties and their counsel will themselves view
the relevant evidence and applicable law.                                     

The Company establishes liabilities for litigation and regulatory loss    
contingencies when it is probable that a loss has been incurred and the amount
of the loss can be reasonably estimated. Liabilities have been established for
some of the matters below. It is possible that some of the matters could      
require the Company to pay damages or make other expenditures or establish    
accruals in amounts that could not be estimated at December 31, 2013.         

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Contingencies, Commitments and Guarantees (continued)                       

Matters as to Which an Estimate Can Be Made                                 

For some of the matters discussed below, the Company is able to estimate a
reasonably possible range of loss. For such matters where a loss is believed  
to be reasonably possible, but not probable, no accrual has been made. As of  
December 31, 2013, the aggregate range of reasonably possible losses in excess
of amounts accrued for these matters was not material for the Company.        

Matters as to Which an Estimate Cannot Be Made                              

For other matters disclosed below, the Company is not currently able to   
estimate the reasonably possible loss or range of loss. The Company is often  
unable to estimate the possible loss or range of loss until developments in   
such matters have provided sufficient information to support an assessment of 
the range of possible loss, such as quantification of a damage demand from    
plaintiffs, discovery from other parties and investigation of factual         
allegations, rulings by the court on motions or appeals, analysis by experts, 
and the progress of settlement negotiations. On a quarterly and annual basis, 
the Company reviews relevant information with respect to litigation           
contingencies and updates its accruals, disclosures and estimates of          
reasonably possible losses or ranges of loss based on such reviews.           

Unclaimed Property Inquiries                                                

In April 2012, MetLife, for itself and on behalf of entities including    
MetLife Insurance Company of Connecticut, reached agreements with             
representatives of the U.S. jurisdictions that were conducting audits of      
MetLife and certain of its affiliates for compliance with unclaimed property  
laws, and with state insurance regulators directly involved in a multistate   
targeted market conduct examination relating to claim-payment practices and   
compliance with unclaimed property laws. On December 28, 2012, the West       
Virginia Treasurer filed an action (West Virginia ex rel. John D. Perdue v.   
MetLife Insurance Company of Connecticut, Circuit Court of Putnam County)     
alleging that the Company violated the West Virginia Uniform Unclaimed        
Property Act, seeking to compel compliance with the Act, and seeking payment  
of unclaimed property, interest, and penalties. On November 14, 2012, the     
Treasurer filed a substantially identical suit against MLI-USA. On            
December 30, 2013, the court granted defendants' motions to dismiss all of the
West Virginia Treasurer's actions. The Treasurer has filed a notice to appeal 
the dismissal order. At least one other jurisdiction is pursuing a similar    
market conduct examination. It is possible that other jurisdictions may pursue
similar examinations, audits, or lawsuits and that such actions may result in 
additional payments to beneficiaries, additional escheatment of funds deemed  
abandoned under state laws, administrative penalties, interest, and/or further
changes to the Company's procedures. The Company is not currently able to     
estimate these additional possible costs.                                     

Sales Practices Claims                                                      

Over the past several years, the Company has faced claims and regulatory  
inquires and investigations, alleging improper marketing or sales of          
individual life insurance policies, annuities, mutual funds or other products.
The Company continues to vigorously defend against the claims in these        
matters. The Company believes adequate provision has been made in its         
consolidated financial statements for all probable and reasonably estimable   
losses for sales practices matters.                                           

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Contingencies, Commitments and Guarantees (continued)                       

Summary                                                                     

 Various litigation, claims and assessments against the Company, in addition
to those discussed previously and those otherwise provided for in the         
Company's consolidated financial statements, have arisen in the course of the 
Company's business, including, but not limited to, in connection with its     
activities as an insurer, employer, investor, investment advisor and taxpayer.
Further, state insurance regulatory authorities and other federal and state   
authorities regularly make inquiries and conduct investigations concerning the
Company's compliance with applicable insurance and other laws and regulations.

It is not possible to predict the ultimate outcome of all pending         
investigations and legal proceedings. In some of the matters referred to      
previously, large and/or indeterminate amounts, including punitive and treble 
damages, are sought. Although, in light of these considerations it is possible
that an adverse outcome in certain cases could have a material effect upon the
Company's financial position, based on information currently known by the     
Company's management, in its opinion, the outcomes of such pending            
investigations and legal proceedings are not likely to have such an effect.   
However, given the large and/or indeterminate amounts sought in certain of    
these matters and the inherent unpredictability of litigation, it is possible 
that an adverse outcome in certain matters could, from time to time, have a   
material effect on the Company's consolidated net income or cash flows in     
particular quarterly or annual periods.                                       

Insolvency Assessments                                                        

Most of the jurisdictions in which the Company is admitted to transact    
business require insurers doing business within the jurisdiction to           
participate in guaranty associations, which are organized to pay contractual  
benefits owed pursuant to insurance policies issued by impaired, insolvent or 
failed insurers. These associations levy assessments, up to prescribed limits,
on all member insurers in a particular state on the basis of the proportionate
share of the premiums written by member insurers in the lines of business in  
which the impaired, insolvent or failed insurer engaged. Some states permit   
member insurers to recover assessments paid through full or partial premium   
tax offsets.                                                                  

Assets and liabilities held for insolvency assessments were as follows:   

                                                                [Download Table]

                                                                December 31,  
                                                               ---------------
                                                                2013    2012  
                                                               ------- -------
                                                                (In millions) 
                                                                              
Other Assets:                                                                 
 Premium tax offset for future undiscounted assessments....... $    10 $    19
 Premium tax offsets currently available for paid assessments.      10       2
                                                               ------- -------
                                                               $    20 $    21
                                                               ======= =======
Other Liabilities:                                                            
 Insolvency assessments....................................... $    14 $    37
                                                               ======= =======

On September 1, 2011, the Department of Financial Services filed a        
liquidation plan for Executive Life Insurance Company of New York ("ELNY"),   
which had been under rehabilitation by the Liquidation Bureau since 1991. The 
plan involves the satisfaction of insurers' financial obligations under a     
number of state life and health insurance guaranty associations and also      
provides additional industry support for certain ELNY policyholders.          

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Contingencies, Commitments and Guarantees (continued)                       

Commitments                                                                     

Commitments to Fund Partnership Investments                                 

   The Company makes commitments to fund partnership investments in the normal
course of business. The amounts of these unfunded commitments were $956     
million and $1.0 billion at December 31, 2013 and 2012, respectively. The   
Company anticipates that these amounts will be invested in partnerships over
the next five years.                                                        

Mortgage Loan Commitments                                                   

The Company commits to lend funds under mortgage loan commitments. The  
 amounts of these mortgage loan commitments were $147 million and $181 million
at December 31, 2013 and 2012, respectively.                                

Commitments to Fund Bank Credit Facilities and Private Corporate Bond       
Investments                                                                 

  The Company commits to lend funds under bank credit facilities and private
corporate bond investments. The amounts of these unfunded commitments were  
$57 million and $144 million at December 31, 2013 and 2012, respectively.   

Other Commitments                                                           

   The Company has entered into collateral arrangements with affiliates, which
require the transfer of collateral in connection with secured demand notes. 
At December 31, 2013 and 2012, the Company had agreed to fund up to $61     
million and $86 million, respectively, of cash upon the request by these    
affiliates and had transferred collateral consisting of various securities  
with a fair market value of $74 million and $106 million, respectively, to  
custody accounts to secure the demand notes. Each of these affiliates is    
permitted by contract to sell or repledge this collateral.                  

  See Note 7 "-- Related Party Investment Transactions" for additional other
commitments.                                                                

Guarantees                                                                      

In the normal course of its business, the Company has provided certain      
indemnities, guarantees and commitments to third parties such that it may be    
required to make payments now or in the future. In the context of acquisition,  
disposition, investment and other transactions, the Company has provided        
indemnities and guarantees, including those related to tax, environmental and   
other specific liabilities and other indemnities and guarantees that are        
triggered by, among other things, breaches of representations, warranties or    
covenants provided by the Company. In addition, in the normal course of         
business, the Company provides indemnifications to counterparties in contracts  
with triggers similar to the foregoing, as well as for certain other            
liabilities, such as third-party lawsuits. These obligations are often subject  
to time limitations that vary in duration, including contractual limitations    
and those that arise by operation of law, such as applicable statutes of        
limitation. The maximum potential obligation under the indemnities and          
guarantees is subject to a contractual limitation, ranging from $36 million to  
$233 million, with a cumulative maximum of $269 million, in the case of MetLife 
International Insurance Company, Ltd. ("MLII"), a former affiliate, discussed   
below. In other cases such limitations are not specified or applicable. Since   
certain of these obligations are not subject to limitations, the                

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15. Contingencies, Commitments and Guarantees (continued)                       

Company does not believe that it is possible to determine the maximum potential 
amount that could become due under these guarantees in the future. Management   
believes that it is unlikely the Company will have to make any material         
payments under these indemnities, guarantees, or commitments.                   

The Company has provided a guarantee on behalf of MLII that is triggered if 
MLII cannot pay claims because of insolvency, liquidation or rehabilitation.    
Life insurance coverage in-force, representing the maximum potential obligation 
under this guarantee, was $233 million and $235 million at December 31, 2013    
and 2012, respectively. The Company does not hold any collateral related to     
this guarantee, but has a recorded liability of $1 million that was based on    
the total account value of the guaranteed policies plus the amounts retained    
per policy at both December 31, 2013 and 2012. The remainder of the risk was    
ceded to external reinsurers.                                                   

In addition, the Company indemnifies its directors and officers as provided 
in its charters and by-laws. Also, the Company indemnifies its agents for       
liabilities incurred as a result of their representation of the Company's       
interests. Since these indemnities are generally not subject to limitation with 
respect to duration or amount, the Company does not believe that it is possible 
to determine the maximum potential amount that could become due under these     
indemnities in the future.                                                      

16. Related Party Transactions                                                  

Service Agreements                                                              

The Company has entered into various agreements with affiliates for services
necessary to conduct its activities. Typical services provided under these      
agreements include management, policy administrative functions, personnel,      
investment advice and distribution services. For certain agreements, charges    
are based on various performance measures or activity-based costing. The bases  
for such charges are modified and adjusted by management when necessary or      
appropriate to reflect fairly and equitably the actual incidence of cost        
incurred by the Company and/or affiliate. Expenses incurred with affiliates     
related to these agreements, recorded in other expenses, were $1.6 billion,     
$1.7 billion and $1.9 billion for the years ended December 31, 2013, 2012 and   
2011, respectively. Revenues received from affiliates related to these          
agreements, recorded in universal life and investment-type product policy fees, 
were $209 million, $179 million and $145 million for the years ended            
December 31, 2013, 2012 and 2011, respectively. Revenues received from          
affiliates related to these agreements, recorded in other revenues, were $186   
million, $166 million and $136 million for the years ended December 31, 2013,   
2012 and 2011, respectively.                                                    

The Company had net payables to affiliates, related to the items discussed  
above, of $210 million and $109 million at December 31, 2013 and 2012,          
respectively.                                                                   

See Notes 6, 7 and 11 for additional information on related party           
transactions.                                                                   

17. Subsequent Events                                                           

Equity                                                                          

In August 2014, in anticipation of the Mergers, MetLife Insurance Company of
Connecticut redeemed and retired the 4,595,317 shares of MetLife Insurance      
Company of Connecticut's common stock owned by MetLife Investors Group, LLC for 
$1.4 billion; all of the outstanding shares of common stock of MetLife          
Insurance Company of Connecticut are now directly held by MetLife, Inc. MetLife 
Insurance Company of Connecticut does not expect to pay a dividend in 2014.     

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17. Subsequent Events (continued)                                               

In August 2014, following the common stock redemption, MetLife Insurance    
Company of Connecticut received a capital contribution from MetLife, Inc. of    
$231 million.                                                                   

Disposition                                                                     

In May 2014, the Company completed the sale of its wholly-owned subsidiary, 
MAL, for $702 million ((Pounds)418 million) in net cash consideration. As a     
result of the sale, a loss of $608 million ($436 million, net of income tax)    
was recorded, which includes a reduction to goodwill of $112 million ($94       
million, net of income tax). The loss on the sale was increased by net income   
from MAL of $77 million through the date of sale. Following the adoption of new 
guidance effective January 1, 2014, MAL's results of operations have been       
included in continuing operations in subsequent quarterly filings. They were    
historically included in the Corporate Benefit Funding segment.                 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Schedule I  
Consolidated Summary of Investments --  
Other Than Investments in Related Parties 
December 31, 2013 
(In millions) 

                                                        [Enlarge/Download Table]

                                                                                   Amount at   
                                                    Cost or       Estimated Fair Which Shown on
Types of Investments                           Amortized Cost (1)     Value      Balance Sheet 
--------------------                           ------------------ -------------- --------------
                                                                                               
Fixed maturity securities:                                                                     
 Bonds:                                                                                        
   U.S. Treasury and agency securities........    $         8,188  $     8,294    $       8,294
   Public utilities...........................              3,966        4,275            4,275
   State and political subdivision securities.              2,147        2,224            2,224
   Foreign government securities..............              1,038        1,122            1,122
   All other corporate bonds..................             19,512       20,478           20,478
                                                  ---------------  -----------    -------------
     Total bonds..............................             34,851       36,393           36,393
 Mortgage-backed and asset-backed securities..              8,214        8,393            8,393
 Redeemable preferred stock...................                412          466              466
                                                  ---------------  -----------    -------------
       Total fixed maturity securities........             43,477       45,252           45,252
                                                  ---------------  -----------    -------------
Equity securities:                                                                             
Common stock:                                                                                  
 Industrial, miscellaneous and all other......                161          201              201
 Non-redeemable preferred stock...............                236          217              217
                                                  ---------------  -----------    -------------
     Total equity securities..................                397          418              418
                                                  ---------------  -----------    -------------
       Mortgage loans, net....................              7,718                         7,718
Policy loans..................................              1,219                         1,219
Real estate and real estate joint ventures....                754                           754
Other limited partnership interests...........              2,130                         2,130
Short-term investments........................              2,107                         2,107
Other invested assets.........................              2,555                         2,555
                                                  ---------------                 -------------
        Total investments.....................    $        60,357                 $      62,153
                                                  ===============                 =============

--------                                                                        

(1)Cost or amortized cost for fixed maturity securities and mortgage loans      
represents original cost reduced by repayments, valuation allowances and  
 impairments from other-than-temporary declines in estimated fair value that
are charged to earnings and adjusted for amortization of premiums or      
discounts; for equity securities, cost represents original cost reduced by
 impairments from other-than-temporary declines in estimated fair value; for
real estate, cost represents original cost reduced by impairments and     
adjusted for valuation allowances and depreciation; for real estate joint 
ventures and other limited partnership interests cost represents original 
 cost reduced for other-than-temporary impairments or original cost adjusted
for equity in earnings and distributions.                                 

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Schedule II 
Condensed Financial Information 
(Parent Company Only) 
December 31, 2013 and 2012  

(In millions, except share and per share data)  

                                                        [Enlarge/Download Table]

                                                                                                                  2013   
-                                                                                                               ---------
                                                                                                                         
Condensed Balance Sheets                                                                                                 
Assets                                                                                                                   
Investments:                                                                                                             
  Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $28,548 and $32,018,            
   respectively)............................................................................................... $  29,690
  Equity securities available-for-sale, at estimated fair value (cost: $284 and $273, respectively)............       319
  Mortgage loans (net of valuation allowances of $19 and $22, respectively)....................................     4,224
  Policy loans.................................................................................................     1,068
  Real estate and real estate joint ventures...................................................................       419
  Other limited partnership interests..........................................................................     1,318
  Short-term investments, principally at estimated fair value..................................................     1,512
  Investment in subsidiaries...................................................................................     6,099
  Loans to subsidiaries........................................................................................       680
  Other invested assets, principally at estimated fair value...................................................     1,139
                                                                                                                ---------
   Total investments...........................................................................................    46,468
Cash and cash equivalents, principally at estimated fair value.................................................       417
Accrued investment income......................................................................................       287
Premiums, reinsurance and other receivables....................................................................     7,195
Receivables from subsidiaries..................................................................................       858
Deferred policy acquisition costs and value of business acquired...............................................     1,011
Current income tax recoverable.................................................................................        88
Goodwill.......................................................................................................       493
Other assets...................................................................................................       132
Separate account assets........................................................................................    16,036
                                                                                                                ---------
   Total assets................................................................................................ $  72,985
                                                                                                                =========
Liabilities and Stockholders' Equity                                                                                     
Liabilities                                                                                                              
Future policy benefits......................................................................................... $  19,099
Policyholder account balances..................................................................................    22,387
Other policy-related balances..................................................................................       246
Payables for collateral under securities loaned and other transactions.........................................     4,811
Long-term debt -- affiliated...................................................................................       750
Current income tax payable.....................................................................................        --
Deferred income tax liability..................................................................................        16
Other liabilities..............................................................................................       852
Separate account liabilities...................................................................................    16,036
                                                                                                                ---------
   Total liabilities...........................................................................................    64,197
                                                                                                                ---------
Stockholders' Equity                                                                                                     
Common stock, par value $2.50 per share; 40,000,000 shares authorized; 34,595,317 shares issued and                      
 outstanding at December 31, 2013 and 2012.....................................................................        86
Additional paid-in capital.....................................................................................     6,737
Retained earnings..............................................................................................     1,076
Accumulated other comprehensive income (loss)..................................................................       889
                                                                                                                ---------
   Total stockholders' equity..................................................................................     8,788
                                                                                                                ---------
   Total liabilities and stockholders' equity.................................................................. $  72,985
                                                                                                                =========
                                                        [Enlarge/Download Table]

                                                                                                                  2012   
-                                                                                                               ---------
                                                                                                                         
Condensed Balance Sheets                                                                                                 
Assets                                                                                                                   
Investments:                                                                                                             
  Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $28,548 and $32,018,            
   respectively)............................................................................................... $  35,152
  Equity securities available-for-sale, at estimated fair value (cost: $284 and $273, respectively)............       277
  Mortgage loans (net of valuation allowances of $19 and $22, respectively)....................................     4,703
  Policy loans.................................................................................................     1,086
  Real estate and real estate joint ventures...................................................................       371
  Other limited partnership interests..........................................................................     1,181
  Short-term investments, principally at estimated fair value..................................................     1,833
  Investment in subsidiaries...................................................................................     6,641
  Loans to subsidiaries........................................................................................       305
  Other invested assets, principally at estimated fair value...................................................     1,682
                                                                                                                ---------
   Total investments...........................................................................................    53,231
Cash and cash equivalents, principally at estimated fair value.................................................       553
Accrued investment income......................................................................................       316
Premiums, reinsurance and other receivables....................................................................     7,003
Receivables from subsidiaries..................................................................................       833
Deferred policy acquisition costs and value of business acquired...............................................       789
Current income tax recoverable.................................................................................        --
Goodwill.......................................................................................................       558
Other assets...................................................................................................       140
Separate account assets........................................................................................    15,238
                                                                                                                ---------
   Total assets................................................................................................ $  78,661
                                                                                                                =========
Liabilities and Stockholders' Equity                                                                                     
Liabilities                                                                                                              
Future policy benefits......................................................................................... $  19,632
Policyholder account balances..................................................................................    24,039
Other policy-related balances..................................................................................       872
Payables for collateral under securities loaned and other transactions.........................................     6,477
Long-term debt -- affiliated...................................................................................       750
Current income tax payable.....................................................................................         3
Deferred income tax liability..................................................................................       266
Other liabilities..............................................................................................       824
Separate account liabilities...................................................................................    15,238
                                                                                                                ---------
   Total liabilities...........................................................................................    68,101
                                                                                                                ---------
Stockholders' Equity                                                                                                     
Common stock, par value $2.50 per share; 40,000,000 shares authorized; 34,595,317 shares issued and                      
 outstanding at December 31, 2013 and 2012.....................................................................        86
Additional paid-in capital.....................................................................................     6,718
Retained earnings..............................................................................................     1,356
Accumulated other comprehensive income (loss)..................................................................     2,400
                                                                                                                ---------
   Total stockholders' equity..................................................................................    10,560
                                                                                                                ---------
   Total liabilities and stockholders' equity.................................................................. $  78,661
                                                                                                                =========

See accompanying notes to the condensed financial information.  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Schedule II 
Condensed Financial Information -- (Continued)  
(Parent Company Only) 
For the Years Ended December 31, 2013, 2012 and 2011  
(In millions) 

                                                        [Enlarge/Download Table]

                                                                        2013      2012      2011   
                                                                      --------- --------- ---------
                                                                                                   
Condensed Statements of Operations                                                                 
Revenues                                                                                           
Premiums............................................................. $     181 $     144 $     148
Universal life and investment-type product policy fees...............       645       662       632
Net investment income................................................     1,797     1,854     1,943
Equity in earnings of subsidiaries...................................       287       773       574
Other revenues.......................................................       147       151       154
Net investment gains (losses)........................................        54        20        14
Net derivative gains (losses)........................................     (105)     (140)       241
                                                                      --------- --------- ---------
 Total revenues......................................................     3,006     3,464     3,706
                                                                      --------- --------- ---------
Expenses                                                                                           
Policyholder benefits and claims.....................................       916       797       755
Interest credited to policyholder account balances...................       618       666       710
Goodwill impairment..................................................        66       327        --
Other expenses.......................................................       499       576       772
                                                                      --------- --------- ---------
 Total expenses......................................................     2,099     2,366     2,237
                                                                      --------- --------- ---------
Income (loss) from continuing operations before provision for income                               
  tax................................................................       907     1,098     1,469
Provision for income tax expense (benefit)...........................       187      (20)       295
                                                                      --------- --------- ---------
Income (loss) from continuing operations, net of income tax..........       720     1,118     1,174
Income (loss) from discontinued operations, net of income tax........        --         8        --
                                                                      --------- --------- ---------
Net income (loss).................................................... $     720 $   1,126 $   1,174
                                                                      ========= ========= =========
Comprehensive income (loss).......................................... $   (791) $   1,755 $   2,728
                                                                      ========= ========= =========

See accompanying notes to the condensed financial information.  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Schedule II 
Condensed Financial Information -- (Continued)  
(Parent Company Only) 
For the Years Ended December 31, 2013, 2012 and 2011  
(In millions) 

                                                        [Enlarge/Download Table]

                                                                                2013        2012      2011   
                                                                            ------------ ---------- ---------
                                                                                                             
Condensed Statements of Cash Flows                                                                           
Cash flows from operating activities                                                                         
  Net cash provided by (used in) operating activities...................... $        957 $    1,184 $     886
Cash flows from investing activities                                                                         
  Sales, maturities, and repayments of:                                                                      
    Fixed maturity securities..............................................       14,647     10,714    13,921
    Equity securities......................................................           56         46       163
    Mortgage loans.........................................................        1,154        845       552
    Real estate and real estate joint ventures.............................           58         47        12
    Other limited partnership interests....................................          102        154       159
  Purchases of:                                                                                              
    Fixed maturity securities..............................................     (11,000)   (10,729)  (11,658)
    Equity securities......................................................         (51)       (27)      (22)
    Mortgage loans.........................................................        (648)      (428)     (946)
    Real estate and real estate joint ventures.............................        (129)       (77)      (83)
    Other limited partnership interests....................................        (192)      (179)     (214)
  Cash received in connection with freestanding derivatives................           73        362       375
  Cash paid in connection with freestanding derivatives....................        (644)      (322)     (453)
  Dividends from subsidiaries..............................................           25         --        --
  Returns of capital from subsidiaries.....................................           52         84        49
  Capital contributions to subsidiaries....................................          (3)      (166)     (422)
  Issuances of loans to affiliates.........................................        (375)         --     (305)
  Net change in policy loans...............................................           18         15        26
  Net change in short-term investments.....................................          321      (251)     (487)
  Net change in other invested assets......................................         (39)       (50)      (16)
                                                                            ------------ ---------- ---------
Net cash provided by (used in) investing activities........................        3,425         38       651
                                                                            ------------ ---------- ---------
Cash flows from financing activities                                                                         
  Policyholder account balances:                                                                             
    Deposits...............................................................       12,156     11,577    14,151
    Withdrawals............................................................     (13,987)   (12,298)  (15,754)
  Net change in payables for collateral under securities loaned and other                                    
   transactions............................................................      (1,666)        102     (482)
  Financing element on certain derivative instruments......................         (21)         75       127
  Return of capital........................................................           --         --      (47)
  Dividends on common stock................................................      (1,000)      (504)     (517)
                                                                            ------------ ---------- ---------
Net cash provided by (used in) financing activities........................      (4,518)    (1,048)   (2,522)
                                                                            ------------ ---------- ---------
Change in cash and cash equivalents........................................        (136)        174     (985)
Cash and cash equivalents, beginning of year...............................          553        379     1,364
                                                                            ------------ ---------- ---------
Cash and cash equivalents, end of year..................................... $        417 $      553 $     379
                                                                            ============ ========== =========
Supplemental disclosures of cash flow information:                                                           
  Net cash paid (received) for:                                                                              
    Interest............................................................... $         64 $       64 $      64
                                                                            ============ ========== =========
    Income tax............................................................. $        120 $    (194) $    (66)
                                                                            ============ ========== =========
  Non-cash transactions:                                                                                     
    Capital contribution from MetLife, Inc................................. $         19 $       45 $      --
                                                                            ============ ========== =========
    Returns of capital from subsidiaries................................... $         -- $      202 $      --
                                                                            ============ ========== =========
    Capital contributions to subsidiaries.................................. $         16 $       31 $      --
                                                                            ============ ========== =========

See accompanying notes to the condensed financial information.  

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Schedule II 
Notes to the Condensed Financial Information  
(Parent Company Only) 

1. Basis of Presentation                                                        

The condensed financial information of MetLife Insurance Company of         
Connecticut (the "Parent Company") should be read in conjunction with the       
consolidated financial statements of MetLife Insurance Company of Connecticut   
and its subsidiaries and the notes thereto. These condensed unconsolidated      
financial statements reflect the results of operations, financial position and  
cash flows for the Parent Company. Investments in subsidiaries are accounted    
for using the equity method of accounting.                                      

The preparation of these condensed unconsolidated financial statements in   
conformity with accounting principles generally accepted in the United States   
of America requires management to adopt accounting policies and make certain    
estimates and assumptions. The most important of these estimates and            
assumptions relate to the fair value measurements, the accounting for goodwill  
and identifiable intangible assets and the provision for potential losses that  
may arise from litigation and regulatory proceedings and tax audits, which may  
affect the amounts reported in the condensed unconsolidated financial           
statements and accompanying notes. Actual results could differ from these       
estimates.                                                                      

2. Support Agreement                                                            

The Parent Company has entered into a net worth maintenance agreement with  
its indirect subsidiary, MetLife Assurance Limited ("MAL"), a United Kingdom    
company. Under the agreement, the Parent Company agreed, without limitation as  
to amount, to cause MAL to have capital and surplus equal to the greater of     
(a) (Pounds)50 million, (b) such amount that will be sufficient to provide      
solvency cover equal to 175% of MAL's capital resources requirement as defined  
by applicable law and regulation as required by the Financial Services          
Authority of the United Kingdom (the "FSA") or any successor body, or (c) such  
amount that will be sufficient to provide solvency cover equal to 125% of MAL's 
individual capital guidance as defined by applicable law and regulation as      
required by the FSA or any successor body. As described in Note 17 of the Notes 
to the Consolidated Financial Statements, a subsidiary of MetLife Insurance     
Company of Connecticut reached an agreement to sell MAL to a third party. Upon  
the close of such sale, the Parent Company's obligations under this net worth   
maintenance agreement will terminate.                                           

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Schedule III  
Consolidated Supplementary Insurance Information  
December 31, 2013, 2012 and 2011  
(In millions) 

                                                        [Enlarge/Download Table]

                                    Future Policy Benefits                                           
                             DAC          and Other        Policyholder                              
                             and        Policy-Related       Account        Unearned       Unearned  
Segment                      VOBA          Balances          Balances   Premiums (1), (2) Revenue (1)
-------------------------- -------- ---------------------- ------------ ----------------- -----------
                                                                                                     
2013                                                                                                 
Retail.................... $  4,698    $         10,345     $  25,499     $           9    $    156  
Corporate Benefit Funding.        6              14,270         7,952                --           2  
Corporate & Other.........       26               6,540             2                 4          --  
                           --------    ----------------     ---------     -------------    --------  
 Total.................... $  4,730    $         31,155     $  33,453     $          13    $    158  
                           ========    ================     =========     =============    ========  
2012                                                                                                 
Retail.................... $  3,738    $          9,355     $  28,287     $           9    $    158  
Corporate Benefit Funding.        8              15,078         8,688                --           2  
Corporate & Other.........       --               6,288             1                 4          --  
                           --------    ----------------     ---------     -------------    --------  
 Total.................... $  3,746    $         30,721     $  36,976     $          13    $    160  
                           ========    ================     =========     =============    ========  
2011                                                                                                 
Retail.................... $  4,080    $          7,915     $  30,001     $           7    $    184  
Corporate Benefit Funding.       13              14,042         8,375                --           2  
Corporate & Other.........      128               6,515         3,699                 5          72  
                           --------    ----------------     ---------     -------------    --------  
 Total.................... $  4,221    $         28,472     $  42,075     $          12    $    258  
                           ========    ================     =========     =============    ========  

--------                                                                        

(1)Amounts are included within the future policy benefits and other             
policy-related balances column.                                           

(2)Includes premiums received in advance.                                       

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Schedule III  
Consolidated Supplementary Insurance Information -- (Continued) 
December 31, 2013, 2012 and 2011  
(In millions) 

                                                        [Enlarge/Download Table]

                                                   Policyholder                                
                                                   Benefits and                                
                            Premium                 Claims and     Amortization of             
                            Revenue      Net     Interest Credited  DAC and VOBA      Other    
                           and Policy Investment  to Policyholder    Charged to     Operating  
Segment                     Charges     Income   Account Balances  Other Expenses  Expenses (1)
-------------------------- ---------- ---------- ----------------- --------------- ------------
                                                                                               
2013                                                                                           
Retail....................  $  2,688   $  1,515    $      1,875      $        44    $   1,341  
Corporate Benefit Funding.       219      1,108             855                5           34  
Corporate & Other.........        35        229              14                1          234  
                            --------   --------    ------------      -----------    ---------  
 Total....................  $  2,942   $  2,852    $      2,744      $        50    $   1,609  
                            ========   ========    ============      ===========    =========  
2012                                                                                           
Retail....................  $  2,716   $  1,434    $      2,031      $     1,023    $   1,381  
Corporate Benefit Funding.       658      1,111           1,318               10           36  
Corporate & Other.........       148        407             187                2          268  
                            --------   --------    ------------      -----------    ---------  
 Total....................  $  3,522   $  2,952    $      3,536      $     1,035    $   1,685  
                            ========   ========    ============      ===========    =========  
2011                                                                                           
Retail....................  $  2,596   $  1,360    $      1,984      $     1,149    $   1,268  
Corporate Benefit Funding.     1,105      1,142           1,763                4           36  
Corporate & Other.........        83        572             102                6          518  
                            --------   --------    ------------      -----------    ---------  
 Total....................  $  3,784   $  3,074    $      3,849      $     1,159    $   1,822  
                            ========   ========    ============      ===========    =========  

--------                                                                        

(1)Includes other expenses, excluding amortization of deferred policy           
  acquisition costs ("DAC") and value of business acquired ("VOBA") charged to
other expenses.                                                           

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MetLife Insurance Company of Connecticut  
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Schedule IV 
Consolidated Reinsurance  
December 31, 2013, 2012 and 2011  
(In millions) 

                                                        [Enlarge/Download Table]

                                                                              % Amount   
                               Gross Amount   Ceded    Assumed  Net Amount Assumed to Net
                               ------------ ---------- -------- ---------- --------------
                                                                                         
2013                                                                                     
Life insurance in-force.......  $  466,650  $  424,836 $  7,273 $  49,087         14.8%  
                                ==========  ========== ======== =========                
Insurance premium                                                                        
Life insurance................  $    1,327  $      737 $     10 $     600          1.7%  
Accident and health insurance.         234         228       --         6           --   
                                ----------  ---------- -------- ---------                
 Total insurance premium......  $    1,561  $      965 $     10 $     606          1.7%  
                                ==========  ========== ======== =========                
2012                                                                                     
Life insurance in-force.......  $  428,803  $  391,045 $  7,750 $  45,508         17.0%  
                                ==========  ========== ======== =========                
Insurance premium                                                                        
Life insurance................  $    1,815  $      572 $     11 $   1,254          0.9%  
Accident and health insurance.         248         241       --         7           --   
                                ----------  ---------- -------- ---------                
 Total insurance premium......  $    2,063  $      813 $     11 $   1,261          0.9%  
                                ==========  ========== ======== =========                
2011                                                                                     
Life insurance in-force.......  $  378,153  $  340,477 $  8,085 $  45,761         17.7%  
                                ==========  ========== ======== =========                
Insurance premium                                                                        
Life insurance................  $    2,180  $      366 $      7 $   1,821          0.4%  
Accident and health insurance.         249         242       --         7           --   
                                ----------  ---------- -------- ---------                
 Total insurance premium......  $    2,429  $      608 $      7 $   1,828          0.4%  
                                ==========  ========== ======== =========                

For the year ended December 31, 2013, reinsurance ceded and assumed included
affiliated transactions for life insurance in-force of $269.9 billion and $7.3  
billion, respectively, and life insurance premiums of $638 million and $        
10 million, respectively. For the year ended December 31, 2012, reinsurance     
ceded and assumed included affiliated transactions for life insurance in-force  
of $237.2 billion and $7.8 billion, respectively, and life insurance premiums   
of $478 million and $11 million, respectively. For the year ended December 31,  
2011, reinsurance ceded and assumed included affiliated transactions for life   
insurance in-force of $195.2 billion and $8.1 billion, respectively, and life   
insurance premiums of $286 million and $ 7 million, respectively.               

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MetLife Investors Insurance Company                                             

Financial Statements                                                            

As of December 31, 2013 and 2012 and for the Years Ended December 31, 2013,     
2012 and 2011 and Independent Auditors' Report                                  

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INDEPENDENT AUDITORS' REPORT  

To the Board of Directors and Stockholder of                                    
MetLife Investors Insurance Company:                                            

We have audited the accompanying financial statements of MetLife Investors      
Insurance Company (a wholly-owned subsidiary of MetLife, Inc.) (the "Company"), 
which comprise the balance sheets as of December 31, 2013 and 2012, and the     
related statements of operations, comprehensive income (loss), stockholder's    
equity, and cash flows for each of the three years in the period ended          
December 31, 2013, and the related notes to the financial statements.           

Management's Responsibility for the Financial Statements                        

Management is responsible for the preparation and fair presentation of these    
financial statements in accordance with accounting principles generally         
accepted in the United States of America; this includes the design,             
implementation, and maintenance of internal control relevant to the preparation 
and fair presentation of financial statements that are free from material       
misstatement, whether due to fraud or error.                                    

Auditors' Responsibility                                                        

Our responsibility is to express an opinion on these financial statements based 
on our audits. We conducted our audits in accordance with auditing standards    
generally accepted in the United States of America. Those standards require     
that we plan and perform the audit to obtain reasonable assurance about whether 
the financial statements are free from material misstatement.                   

An audit involves performing procedures to obtain audit evidence about the      
amounts and disclosures in the financial statements. The procedures selected    
depend on the auditor's judgment, including the assessment of the risks of      
material misstatement of the financial statements, whether due to fraud or      
error. In making those risk assessments, the auditor considers internal control 
relevant to the Company's preparation and fair presentation of the financial    
statements in order to design audit procedures that are appropriate in the      
circumstances, but not for the purpose of expressing an opinion on the          
effectiveness of the Company's internal control. Accordingly, we express no     
such opinion. An audit also includes evaluating the appropriateness of          
accounting policies used and the reasonableness of significant accounting       
estimates made by management, as well as evaluating the overall presentation of 
the financial statements.                                                       

We believe that the audit evidence we have obtained is sufficient and           
appropriate to provide a basis for our audit opinion.                           

Opinion                                                                         

In our opinion, the financial statements referred to above present fairly, in   
all material respects, the financial position of MetLife Investors Insurance    
Company as of December 31, 2013 and 2012, and the results of its operations and 
its cash flows for each of the three years in the period ended December 31,     
2013 in accordance with accounting principles generally accepted in the United  
States of America.                                                              

Other Matter                                                                    

Results of the Company may not be indicative of those of a stand-alone entity,  
as the Company is a member of a controlled group of affiliated companies.       

/s/ DELOITTE & TOUCHE LLP                                                       

Certified Public Accountants                                                    
Tampa, Florida                                                                  
March 31, 2014                                                                  

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Balance Sheets  
December 31, 2013 and 2012  

(In millions, except share and per share data)  

                                                        [Enlarge/Download Table]

                                                                                       2013        2012    
                                                                                    ----------- -----------
                                                                                                           
Assets                                                                                                     
Investments:                                                                                               
 Fixed maturity securities available-for-sale, at estimated fair value (amortized                          
   cost: $2,200 and $2,178, respectively).......................................... $     2,250 $     2,320
 Equity securities available-for-sale, at estimated fair value (cost: $46 and $48,                         
   respectively)...................................................................          45          45
 Mortgage loans (net of valuation allowances of $1 and $2, respectively)...........         286         284
 Policy loans......................................................................          27          27
 Other limited partnership interests...............................................          32          23
 Short-term investments, at estimated fair value...................................          75         139
 Other invested assets.............................................................          68          93
                                                                                    ----------- -----------
   Total investments...............................................................       2,783       2,931
Cash and cash equivalents..........................................................          24          27
Accrued investment income..........................................................          26          28
Premiums, reinsurance and other receivables........................................       1,829       2,485
Deferred policy acquisition costs and value of business acquired...................         291         148
Current income tax recoverable.....................................................           9           9
Other assets.......................................................................         110         115
Separate account assets............................................................      12,033      11,072
                                                                                    ----------- -----------
   Total assets.................................................................... $    17,105 $    16,815
                                                                                    =========== ===========
Liabilities and Stockholder's Equity                                                                       
Liabilities                                                                                                
Future policy benefits............................................................. $       501 $       482
Policyholder account balances......................................................       2,748       3,077
Other policy-related balances......................................................         102         102
Payables for collateral under securities loaned and other transactions.............         266         238
Deferred income tax liability......................................................         192         326
Other liabilities..................................................................          94          78
Separate account liabilities.......................................................      12,033      11,072
                                                                                    ----------- -----------
   Total liabilities...............................................................      15,936      15,375
                                                                                    ----------- -----------
Contingencies, Commitments and Guarantees (Note 11)                                                        
Stockholder's Equity                                                                                       
 Common stock, par value $2 per share; 5,000,000 shares authorized;                                        
   2,899,446 shares issued and outstanding.........................................           6           6
 Additional paid-in capital........................................................         636         636
 Retained earnings.................................................................         504         722
 Accumulated other comprehensive income (loss).....................................          23          76
                                                                                    ----------- -----------
   Total stockholder's equity......................................................       1,169       1,440
                                                                                    ----------- -----------
   Total liabilities and stockholder's equity...................................... $    17,105 $    16,815
                                                                                    =========== ===========

See accompanying notes to the financial statements. 

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Statements of Operations  
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                     2013      2012     2011  
                                                                  ---------- -------- --------
                                                                                              
Revenues                                                                                      
Premiums......................................................... $       29 $     11 $      7
Universal life and investment-type product policy fees...........        202      198      204
Net investment income............................................        114      113      114
Fees on ceded reinsurance and other..............................         90       93      104
Net investment gains (losses):                                                                
  Other-than-temporary impairments on fixed maturity securities..         --      (2)       --
  Other net investment gains (losses)............................          1      (2)      (5)
                                                                  ---------- -------- --------
   Total net investment gains (losses)...........................          1      (4)      (5)
  Net derivative gains (losses)..................................      (442)      329      326
                                                                  ---------- -------- --------
     Total revenues..............................................        (6)      740      750
                                                                  ---------- -------- --------
Expenses                                                                                      
Policyholder benefits and claims.................................         48      100       59
Interest credited to policyholder account balances...............        113      118      127
Other expenses...................................................       (11)      229      259
                                                                  ---------- -------- --------
     Total expenses..............................................        150      447      445
                                                                  ---------- -------- --------
Income (loss) before provision for income tax....................      (156)      293      305
Provision for income tax expense (benefit).......................       (67)       94       90
                                                                  ---------- -------- --------
Net income (loss)................................................ $     (89) $    199 $    215
                                                                  ========== ======== ========

See accompanying notes to the financial statements. 

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Statements of Comprehensive Income (Loss) 
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                         2013      2012     2011  
                                                                      ---------- -------- --------
                                                                                                  
Net income (loss).................................................... $     (89) $    199 $    215
Other comprehensive income (loss):                                                                
 Unrealized investment gains (losses), net of related offsets........       (80)       64       23
 Unrealized gains (losses) on derivatives............................        (2)      (1)       --
                                                                      ---------- -------- --------
Other comprehensive income (loss), before income tax.................       (82)       63       23
Income tax (expense) benefit related to items of other comprehensive                              
  income (loss)......................................................         29     (22)      (8)
                                                                      ---------- -------- --------
Other comprehensive income (loss), net of income tax.................       (53)       41       15
                                                                      ---------- -------- --------
Comprehensive income (loss).......................................... $    (142) $    240 $    230
                                                                      ========== ======== ========

See accompanying notes to the financial statements. 

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Statements of Stockholder's Equity  
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                                    Accumulated Other                 
                                                                                      Comprehensive                   
                                                                                      Income (Loss)                   
                                                                                  ----------------------              
                                                                                     Net                              
                                                                                  Unrealized                          
                                                              Additional          Investment Other-Than-     Total    
                                                       Common  Paid-in   Retained   Gains     Temporary  Stockholder's
                                                       Stock   Capital   Earnings  (Losses)  Impairments    Equity    
                                                       ------ ---------- -------- ---------- ----------- -------------
                                                                                                                      
Balance at December 31, 2010..........................     $6       $636   $  326      $  24        $(4)        $  988
Net income (loss).....................................                        215                                  215
Other comprehensive income (loss), net of income tax..                                    16         (1)            15
                                                       ------ ---------- -------- ---------- ----------- -------------
Balance at December 31, 2011..........................      6        636      541         40         (5)         1,218
Dividend on common stock..............................                       (18)                                 (18)
Net income (loss).....................................                        199                                  199
Other comprehensive income (loss), net of income tax..                                    39           2            41
                                                       ------ ---------- -------- ---------- ----------- -------------
Balance at December 31, 2012..........................      6        636      722         79         (3)         1,440
Dividend on common stock..............................                      (129)                                (129)
Net income (loss).....................................                       (89)                                 (89)
Other comprehensive income (loss), net of income tax..                                  (54)           1          (53)
                                                       ------ ---------- -------- ---------- ----------- -------------
Balance at December 31, 2013..........................     $6       $636   $  504      $  25        $(2)        $1,169
                                                       ====== ========== ======== ========== =========== =============

See accompanying notes to the financial statements. 

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Statements of Cash Flows  
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                      2013        2012        2011   
                                                   ---------- ------------ ----------
                                                                                     
Cash flows from operating activities                                                 
Net income (loss)................................. $     (89) $        199 $      215
Adjustments to reconcile net income (loss) to net                                    
 cash provided by (used in) operating activities:                                    
 Depreciation and amortization expenses...........          2            2          2
 Amortization of premiums and accretion of                                           
   discounts associated with investments, net.....          3          (3)        (5)
 (Gains) losses on investments and derivatives,                                      
   net............................................        437        (321)      (329)
 (Income) loss from equity method investments,                                       
   net of dividends or distributions..............        (4)          (1)         --
 Interest credited to policyholder account                                           
   balances.......................................        113          118        127
 Universal life and investment-type product                                          
   policy fees....................................      (202)        (198)      (204)
 Change in accrued investment income..............          2            1        (4)
 Change in premiums, reinsurance and other                                           
   receivables....................................         71           74        (6)
 Change in deferred policy acquisition costs and                                     
   value of business acquired, net................      (135)          130        139
 Change in income tax.............................      (105)           68         91
 Change in other assets...........................        194          193        200
 Change in insurance-related liabilities and                                         
   policy-related balances........................         19           94         34
 Change in other liabilities......................         10         (12)         14
                                                   ---------- ------------ ----------
Net cash provided by operating activities.........        316          344        274
                                                   ---------- ------------ ----------
Cash flows from investing activities                                                 
Sales, maturities and repayments of:                                                 
 Fixed maturity securities........................        794          909        696
 Equity securities................................          2            6          5
 Mortgage loans...................................         47           13          3
 Other limited partnership interests..............          1            1          4
Purchases of:                                                                        
 Fixed maturity securities........................      (808)        (958)      (840)
 Equity securities................................         --         (13)       (13)
 Mortgage loans...................................       (49)         (72)       (98)
 Other limited partnership interests..............        (5)         (15)        (2)
Cash received in connection with freestanding                                        
 derivatives......................................          1            5          1
Cash paid in connection with freestanding                                            
 derivatives......................................       (12)          (1)         --
Issuances of loans to affiliates..................         --           --       (45)
Net change in policy loans........................        (1)          (1)          1
Net change in short-term investments..............         64         (70)       (12)
                                                   ---------- ------------ ----------
Net cash provided by (used in) investing                                             
 activities.......................................         34        (196)      (300)
                                                   ---------- ------------ ----------
Cash flows from financing activities                                                 
Policyholder account balances:                                                       
 Deposits.........................................        632        1,077        725
 Withdrawals......................................      (882)      (1,155)      (732)
Net change in payables for collateral under                                          
 securities loaned and other transactions.........         28         (87)         46
Dividend on common stock..........................      (129)         (18)         --
Other, net........................................        (2)           18         --
                                                   ---------- ------------ ----------
Net cash provided by (used in) financing                                             
 activities.......................................      (353)        (165)         39
                                                   ---------- ------------ ----------
Change in cash and cash equivalents...............        (3)         (17)         13
Cash and cash equivalents, beginning of year......         27           44         31
                                                   ---------- ------------ ----------
Cash and cash equivalents, end of year............ $       24 $         27 $       44
                                                   ========== ============ ==========
Supplemental disclosures of cash flow information:                                   
Net cash paid (received) for:                                                        
 Income tax....................................... $       34 $         27 $      (1)
                                                   ========== ============ ==========

See accompanying notes to the financial statements. 

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies                                                                        

Business                                                                        

MetLife Investors Insurance Company ("MLIIC"), a Missouri domiciled life    
insurance company (the "Company") is a wholly-owned subsidiary of MetLife, Inc. 
("MetLife").                                                                    

The Company markets, administers and insures a broad range of term life,    
universal life and variable and fixed annuity products to individuals. The      
Company is licensed to conduct business in 49 states and the District of        
Columbia. Most of the policies issued present no significant mortality or       
longevity risk to the Company, but rather represent investment deposits by the  
policyholders.                                                                  

In the second quarter of 2013, MetLife, Inc. announced its plans to merge   
three U.S.-based life insurance companies and an offshore reinsurance           
subsidiary to create one larger U.S.-based and U.S.-regulated life insurance    
company (the "Mergers"). The companies to be merged consist of MetLife          
Insurance Company of Connecticut ("MICC"), MetLife Investors USA Insurance      
Company ("MLI-USA") and MLIIC, each a U.S. insurance company that issues        
variable annuity products in addition to other products, and Exeter Reassurance 
Company, Ltd. ("Exeter"), a reinsurance company that mainly reinsures           
guarantees associated with variable annuity products. MICC, which is expected   
to be renamed and domiciled in Delaware, will be the surviving entity. Exeter,  
formerly a Cayman Islands company, was re-domesticated to Delaware in October   
2013. The Mergers are expected to occur in the fourth quarter of 2014, subject  
to regulatory approvals.                                                        

Basis of Presentation                                                           

The preparation of financial statements in conformity with accounting       
principles generally accepted in the United States of America ("GAAP") requires 
management to adopt accounting policies and make estimates and assumptions that 
affect amounts reported in the financial statements. In applying these policies 
and estimates, management makes subjective and complex judgments that           
frequently require assumptions about matters that are inherently uncertain.     
Many of these policies, estimates and related judgments are common in the       
insurance and financial services industries; others are specific to the         
Company's business and operations. Actual results could differ from estimates.  

Since the Company is a member of a controlled group of affiliated companies,
its results may not be indicative of those of a stand-alone entity.             

Separate Accounts                                                             

 Separate accounts are established in conformity with insurance laws and are
generally not chargeable with liabilities that arise from any other business  
of the Company. Separate account assets are subject to general account claims 
only to the extent the value of such assets exceeds the separate account      
liabilities. The Company reports separately, as assets and liabilities,       
investments held in separate accounts and liabilities of the separate accounts
if:                                                                           

.  such separate accounts are legally recognized;                       
.  assets supporting the contract liabilities are legally insulated from
the Company's general account liabilities;                        
.  investments are directed by the contractholder; and                  

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

.  all investment performance, net of contract fees and assessments, is 
passed through to the contractholder.                             

The Company reports separate account assets at their fair value, which is 
based on the estimated fair values of the underlying assets comprising the    
individual separate account portfolios. Investment performance (including     
investment income, net investment gains (losses) and changes in unrealized    
gains (losses)) and the corresponding amounts credited to contractholders of  
such separate accounts are offset within the same line in the statements of   
operations.                                                                   

The Company's revenues reflect fees charged to the separate accounts,     
including mortality charges, risk charges, policy administration fees,        
investment management fees and surrender charges. Such fees are included in   
universal life and investment-type product policy fees in the statements of   
operations.                                                                   

Reclassifications                                                             

Certain amounts in the prior years' financial statements and related      
footnotes thereto have been reclassified to conform with the current year     
presentation as discussed throughout the Notes to the Financial Statements.   

Summary of Significant Accounting Policies                                      

The following are the Company's significant accounting policies with        
references to notes providing additional information on such policies and       
critical accounting estimates relating to such policies.                        

                                                        [Enlarge/Download Table]
                                                                                                        
Accounting Policy                                                                                   Note
--------------------------------------------------------------------------------------------------------
Insurance                                                                                              2
--------------------------------------------------------------------------------------------------------
Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-Related Intangibles     3
--------------------------------------------------------------------------------------------------------
Reinsurance                                                                                            4
--------------------------------------------------------------------------------------------------------
Investments                                                                                            5
--------------------------------------------------------------------------------------------------------
Derivatives                                                                                            6
--------------------------------------------------------------------------------------------------------
Fair Value                                                                                             7
--------------------------------------------------------------------------------------------------------
Income Tax                                                                                            10
--------------------------------------------------------------------------------------------------------
Litigation Contingencies                                                                              11

Insurance                                                                       

Future Policy Benefit Liabilities and Policyholder Account Balances         

The Company establishes liabilities for amounts payable under insurance 
policies. Generally, amounts are payable over an extended period of time and
related liabilities are calculated as the present value of future expected  
 benefits to be paid reduced by the present value of future expected premiums.
Such liabilities are established based on methods and underlying assumptions
in accordance with GAAP and applicable actuarial                            

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

 standards. Principal assumptions used in the establishment of liabilities for
future policy benefits are mortality, policy lapse, renewal, investment     
returns, inflation, expenses and other contingent events as appropriate to  
the respective product type. These assumptions are established at the time  
the policy is issued and are intended to estimate the experience for the    
period the policy benefits are payable. Utilizing these assumptions,        
liabilities are established on a block of business basis. For long duration 
insurance contracts, assumptions such as mortality and interest rates are   
"locked in" upon the issuance of new business. However, significant adverse 
changes in experience on such contracts may require the establishment of    
premium deficiency reserves. Such reserves are determined based on the then 
current assumptions and do not include a provision for adverse deviation.   

The Company regularly reviews its estimates of liabilities for future   
policy benefits and compares them with its actual experience. Differences   
result in changes to the liability balances with related charges or credits 
to benefit expenses in the period in which the changes occur.               

Policyholder account balances ("PABs") relate to contract or contract   
features where the Company has no significant insurance risk.               

The Company issues certain variable annuity products with guaranteed    
minimum benefits that provide the policyholder a minimum return based on    
their initial deposit (i.e., the benefit base) less withdrawals. These      
guarantees are accounted for as insurance liabilities or as embedded        
derivatives depending on how and when the benefit is paid. Specifically, a  
guarantee is accounted for as an embedded derivative if a guarantee is paid 
 without requiring (i) the occurrence of specific insurable event, or (ii) the
policyholder to annuitize. Alternatively, a guarantee is accounted for as an
insurance liability if the guarantee is paid only upon either (i) the       
occurrence of a specific insurable event, or (ii) annuitization. In certain 
cases, a guarantee may have elements of both an insurance liability and an  
embedded derivative and in such cases the guarantee is split and accounted  
for under both models.                                                      

   Guarantees accounted for as insurance liabilities in future policy benefits
include guaranteed minimum death benefits ("GMDBs"), the portion of         
guaranteed minimum income benefits ("GMIBs") that require annuitization, and
the life-contingent portion of guaranteed minimum withdrawal benefits       
("GMWBs").                                                                  

Guarantees accounted for as embedded derivatives in PABs include the non
life-contingent portion of GMWBs, guaranteed minimum accumulation benefits  
("GMABs") and the portion of GMIBs that do not require annuitization. At    
 inception, the Company attributes to the embedded derivative a portion of the
projected future guarantee fees to be collected from the policyholder equal 
to the present value of projected future guaranteed benefits. Any additional
fees represent "excess" fees and are reported in universal life and         
investment-type product policy fees.                                        

Other Policy-Related Balances                                               

Other policy-related balances include policy and contract claims and    
unearned revenue liabilities.                                               

  The liability for policy and contract claims generally relates to incurred
 but not reported death claims, as well as claims which have been reported but
not yet settled. The liability for these claims is based on the Company's   
 estimated ultimate cost of settling all claims. The Company derives estimates
for the development                                                         

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

of incurred but not reported claims principally from analyses of historical 
patterns of claims by business line. The methods used to determine these    
estimates are continually reviewed. Adjustments resulting from this         
continuous review process and differences between estimates and payments for
claims are recognized in policyholder benefits and claims expense in the    
period in which the estimates are changed or payments are made.             

The unearned revenue liability relates to universal life-type and       
investment-type products and represents policy charges for services to be   
provided in future periods. The charges are deferred as unearned revenue and
amortized using the product's estimated gross profits, similar to deferred  
policy acquisition costs ("DAC") as discussed further herein. Such          
 amortization is recorded in universal life and investment-type product policy
fees.                                                                       

Recognition of Insurance Revenues and Deposits                              

Premiums related to traditional life and annuity policies with life     
contingencies are recognized as revenues when due from policyholders.       
 Policyholder benefits and expenses are provided to recognize profits over the
estimated lives of the insurance policies. When premiums are due over a     
significantly shorter period than the period over which benefits are        
provided, any excess profit is deferred and recognized into earnings in a   
constant relationship to insurance in-force or, for annuities, the amount of
expected future policy benefit payments.                                    

Deposits related to universal life-type and investment-type products are
 credited to PABs. Revenues from such contracts consist of fees for mortality,
policy administration and surrender charges and are recorded in universal   
life and investment-type product policy fees in the period in which services
are provided. Amounts that are charged to earnings include interest credited
and benefit claims incurred in excess of related PABs.                      

   Premiums, policy fees, policyholder benefits and expenses are presented net
of reinsurance.                                                             

Deferred Policy Acquisition Costs, Value of Business Acquired and Other       
Policy-Related Intangibles                                                    

The Company incurs significant costs in connection with acquiring new and 
renewal insurance business. Costs that are related directly to the successful 
acquisition or renewal of insurance contracts are capitalized as DAC. Such    
costs include:                                                                

 .  incremental direct costs of contract acquisition, such as commissions;
  .  the portion of an employee's total compensation and benefits related to
    time spent selling, underwriting or processing the issuance of new and
      renewal insurance business only with respect to actual policies acquired
or renewed; and                                                   
.  other essential direct costs that would not have been incurred had a 
policy not been acquired or renewed.                              

All other acquisition-related costs, including those related to general 
advertising and solicitation, market research, agent training, product      
development, unsuccessful sales and underwriting efforts, as well as all    
indirect costs, are expensed as incurred.                                   

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

   Value of business acquired ("VOBA") is an intangible asset resulting from a
business combination that represents the excess of book value over the      
estimated fair value of acquired insurance, annuity, and investment-type    
contracts in-force at the acquisition date. The estimated fair value of the 
acquired liabilities is based on projections, by each block of business, of 
future policy and contract charges, premiums, mortality, separate account   
performance, surrenders, operating expenses, investment returns,            
nonperformance risk adjustment and other factors. Actual experience on the  
purchased business may vary from these projections.                         

DAC and VOBA are amortized as follows:                                      

Products:                              In proportion to the following over    
                                 estimated lives of the contracts:
----------------------------------------------------------------------------- 
.  Fixed and variable universal life   Actual and expected future gross       
contracts                           profits.                            
.  Fixed and variable deferred                                                
annuity contracts                                                       

See Note 3 for additional information on DAC and VOBA amortization.       

The recovery of DAC and VOBA is dependent upon the future profitability of
the related business. DAC and VOBA are aggregated in the financial statements 
for reporting purposes.                                                       

  The Company generally has two different types of sales inducements which are
included in other assets: (i) the policyholder receives a bonus whereby the   
policyholder's initial account balance is increased by an amount equal to a   
specified percentage of the customer's deposit; and (ii) the policyholder     
receives a higher interest rate using a dollar cost averaging method than     
would have been received based on the normal general account interest rate    
credited. The Company defers sales inducements and amortizes them over the    
life of the policy using the same methodology and assumptions used to amortize
DAC. The amortization of sales inducements is included in policyholder        
benefits and claims. Each year, or more frequently if circumstances indicate a
potential recoverability issue exists, the Company reviews deferred sales     
inducements to determine the recoverability of the asset.                     

Reinsurance                                                                   

For each of its reinsurance agreements, the Company determines whether the
agreement provides indemnification against loss or liability relating to      
insurance risk in accordance with applicable accounting standards. Cessions   
under reinsurance agreements do not discharge the Company's obligations as the
primary insurer. The Company reviews all contractual features, including those
that may limit the amount of insurance risk to which the reinsurer is subject 
or features that delay the timely reimbursement of claims.                    

 For reinsurance of existing in-force blocks of long-duration contracts that
transfer significant insurance risk, the difference, if any, between the      
amounts paid, and the liabilities ceded related to the underlying contracts is
considered the net cost of reinsurance at the inception of the reinsurance    
agreement. The net cost of reinsurance is recorded as an adjustment to DAC    
when there is a gain at inception on the ceding entity and to other           
liabilities when there is a loss at inception. The net cost of reinsurance is 
recognized as a component of other expenses when there is a gain at inception 
and as policyholder benefits and claims when there is a loss and is           
subsequently amortized on a basis consistent with the methodology used for    
amortizing the DAC related to the                                             

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

underlying reinsured contracts. Subsequent amounts paid on the reinsurance of 
in-force blocks, as well as amounts paid related to new business, are recorded
as ceded premiums and ceded premiums, reinsurance and other receivables are   
established.                                                                  

Amounts currently recoverable under reinsurance agreements are included in
premiums, reinsurance and other receivables and amounts currently payable are 
included in other liabilities. Assets and liabilities relating to reinsurance 
agreements with the same reinsurer may be recorded net on the balance sheet,  
if a right of offset exists within the reinsurance agreement. In the event    
that reinsurers do not meet their obligations to the Company under the terms  
of the reinsurance agreements, reinsurance recoverable balances could become  
uncollectible. In such instances, reinsurance recoverable balances are stated 
net of allowances for uncollectible reinsurance.                              

Premiums, fees and policyholder benefits and claims are net of reinsurance
ceded. Amounts received from reinsurers for policy administration are reported
in fees on ceded reinsurance and other. With respect to GMIBs, a portion of   
the directly written GMIBs are accounted for as insurance liabilities, but the
associated reinsurance agreements contain embedded derivatives. These embedded
derivatives are included in premiums, reinsurance and other receivables with  
changes in estimated fair value reported in net derivative gains (losses).    

If the Company determines that a reinsurance agreement does not expose the
reinsurer to a reasonable possibility of a significant loss from insurance    
risk, the Company records the agreement using the deposit method of           
accounting. Deposits received are included in other liabilities and deposits  
made are included within premiums, reinsurance and other receivables. As      
amounts are paid or received, consistent with the underlying contracts, the   
deposit assets or liabilities are adjusted. Interest on such deposits is      
recorded as fees on ceded reinsurance and other or other expenses, as         
appropriate. Periodically, the Company evaluates the adequacy of the expected 
payments or recoveries and adjusts the deposit asset or liability through fees
on ceded reinsurance and other or other expenses, as appropriate.             

Investments                                                                   

Net Investment Income and Net Investment Gains (Losses)                     

Income on investments is reported within net investment income, unless  
 otherwise stated herein. Gains and losses on sales of investments, impairment
 losses and changes in valuation allowances are reported within net investment
gains (losses).                                                             

Fixed Maturity and Equity Securities                                        

The Company's fixed maturity and equity securities are classified as    
available-for-sale ("AFS") and are reported at their estimated fair value.  
Unrealized investment gains and losses on these securities are recorded as a
separate component of other comprehensive income (loss) ("OCI"), net of     
policyholder-related amounts and deferred income taxes. All security        
transactions are recorded on a trade date basis. Investment gains and losses
on sales are determined on a specific identification basis.                 

Interest income on fixed maturity securities is recognized when earned  
 using an effective yield method giving effect to amortization of premiums and
 accretion of discounts. Prepayment fees are recognized when earned. Dividends
on equity securities are recognized when declared.                          

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

   The Company periodically evaluates fixed maturity and equity securities for
impairment. The assessment of whether impairments have occurred is based on 
management's case-by-case evaluation of the underlying reasons for the      
decline in estimated fair value, as well as an analysis of the gross        
unrealized losses by severity and/or age as described in Note 5 "--         
 Evaluation of AFS Securities for OTTI and Evaluating Temporarily Impaired AFS
Securities."                                                                

For fixed maturity securities in an unrealized loss position, an        
 other-than-temporary impairment ("OTTI") is recognized in earnings when it is
anticipated that the amortized cost will not be recovered. When either:     
(i) the Company has the intent to sell the security; or (ii) it is more     
 likely than not that the Company will be required to sell the security before
recovery, the OTTI recognized in earnings is the entire difference between  
the security's amortized cost and estimated fair value. If neither of these 
conditions exist, the difference between the amortized cost of the security 
 and the present value of projected future cash flows expected to be collected
is recognized as an OTTI in earnings ("credit loss"). If the estimated fair 
value is less than the present value of projected future cash flows expected
 to be collected, this portion of OTTI related to other-than-credit factors is
recorded in OCI.                                                            

With respect to equity securities, the Company considers in its OTTI    
analysis its intent and ability to hold a particular equity security for a  
period of time sufficient to allow for the recovery of its estimated fair   
value to an amount equal to or greater than cost. If a sale decision is made
 for an equity security and recovery to an amount at least equal to cost prior
to the sale is not expected, the security will be deemed to be              
 other-than-temporarily impaired in the period that the sale decision was made
and an OTTI loss will be recorded in earnings. The OTTI loss recognized is  
the entire difference between the security's cost and its estimated fair    
value.                                                                      

Mortgage Loans                                                              

  The Company disaggregates its mortgage loan investments into two portfolio
segments: commercial and agricultural. The accounting policies that are     
applicable to all portfolio segments are presented below and the accounting 
policies related to each of the portfolio segments are included in Note 5.  

Mortgage loans are stated at unpaid principal balance, adjusted for any 
unamortized premium or discount, deferred fees or expenses, and are net of  
 valuation allowances. Interest income and prepayment fees are recognized when
earned. Interest income is recognized using an effective yield method giving
effect to amortization of premiums and accretion of discounts.              

Policy Loans                                                                

Policy loans are stated at unpaid principal balances. Interest income on
such loans is recorded as earned using the contractual interest rate.       
Generally, accrued interest is capitalized on the policy's anniversary date.
Valuation allowances are not established for policy loans, as they are fully
collateralized by the cash surrender value of the underlying insurance      
policies. Any unpaid principal or interest on the loan is deducted from the 
cash surrender value or the death benefit prior to settlement of the        
insurance policy.                                                           

Other Limited Partnership Interests                                         

  The Company uses the equity method of accounting for investments in equity
securities when it has significant influence or at least 20% interest and   
other limited partnership interests ("investees") when it has               

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

more than a minor ownership interest or more than a minor influence over the
investee's operations, but does not have a controlling financial interest.  
The Company generally recognizes its share of the investee's earnings on a  
three-month lag in instances where the investee's financial information is  
not sufficiently timely or when the investee's reporting period differs from
the Company's reporting period.                                             

  The Company uses the cost method of accounting for investments in which it
has virtually no influence over the investee's operations. The Company      
recognizes distributions on cost method investments as earned or received.  
 Because of the nature and structure of these cost method investments, they do
not meet the characteristics of an equity security in accordance with       
applicable accounting standards.                                            

The Company routinely evaluates its equity method and cost method       
investments for impairment. For equity method investees, the Company        
considers financial and other information provided by the investee, other   
known information and inherent risks in the underlying investments, as well 
as future capital commitments, in determining whether an impairment has     
occurred. The Company considers its cost method investments for impairment  
when the carrying value of such investments exceeds the net asset value     
("NAV"). The Company takes into consideration the severity and duration of  
this excess when determining whether the cost method investment is impaired.

Short-term Investments                                                      

Short-term investments include securities and other investments with    
remaining maturities of one year or less, but greater than three months, at 
the time of purchase and are stated at estimated fair value or amortized    
cost, which approximates estimated fair value.                              

Other Invested Assets                                                       

Other invested assets consist principally of the following:             

   .  Loans to affiliates are stated at unpaid principal balance, adjusted for
any unamortized premium or discount.                              
.  Freestanding derivatives with positive estimated fair values are     
described in "--Derivatives" below.                               

Securities Lending Program                                                  

   Securities lending transactions, whereby blocks of securities are loaned to
 third parties, primarily brokerage firms and commercial banks, are treated as
 financing arrangements and the associated liability is recorded at the amount
of cash received. The Company obtains collateral at the inception of the    
loan, usually cash, in an amount generally equal to 102% of the estimated   
 fair value of the securities loaned, and maintains it at a level greater than
or equal to 100% for the duration of the loan. The Company is liable to     
return to the counterparties the cash collateral received. Security         
collateral on deposit from counterparties in connection with the securities 
 lending transactions may not be sold or repledged, unless the counterparty is
in default, and is not reflected in the financial statements. The Company   
monitors the estimated fair value of the securities loaned on a daily basis 
and additional collateral is obtained as necessary. Income and expenses     
associated with securities lending transactions are reported as investment  
income and investment expense, respectively, within net investment income.  

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Derivatives                                                                   

Freestanding Derivatives                                                    

   Freestanding derivatives are carried in the Company's balance sheets either
as assets within other invested assets or as liabilities within other       
liabilities at estimated fair value. The Company does not offset the fair   
value amounts recognized for derivatives executed with the same counterparty
under the same master netting agreement.                                    

   Accruals on derivatives are generally recorded in accrued investment income
or within other liabilities. However, accruals that are not scheduled to    
settle within one year are included with the derivatives carrying value in  
other invested assets or other liabilities.                                 

If a derivative is not designated as an accounting hedge or its use in  
 managing risk does not qualify for hedge accounting, changes in the estimated
fair value of the derivative are reported in net derivative gains (losses). 

Hedge Accounting                                                            

To qualify for hedge accounting, at the inception of the hedging        
relationship, the Company formally documents its risk management objective  
and strategy for undertaking the hedging transaction, as well as its        
designation of the hedge. Hedge designation and financial statement         
presentation of changes in estimated fair value of the hedging derivatives  
are as follows:                                                             

.  Fair value hedge (a hedge of the estimated fair value of a recognized  
  asset or liability)--in net derivative gains (losses), consistent with
the change in fair value of the hedged item attributable to the     
designated risk being hedged.                                       

.  Cash flow hedge (a hedge of a forecasted transaction or of the         
    variability of cash flows to be received or paid related to a recognized
  asset or liability)--effectiveness in OCI (deferred gains or losses on
     the derivative are reclassified into the statement of operations when the
   Company's earnings are affected by the variability in cash flows of the
hedged item); ineffectiveness in net derivative gains (losses).     

The changes in estimated fair values of the hedging derivatives are     
exclusive of any accruals that are separately reported in the statement of  
operations within interest income or interest expense to match the location 
of the hedged item.                                                         

In its hedge documentation, the Company sets forth how the hedging      
instrument is expected to hedge the designated risks related to the hedged  
item and sets forth the method that will be used to retrospectively and     
prospectively assess the hedging instrument's effectiveness and the method  
that will be used to measure ineffectiveness. A derivative designated as a  
hedging instrument must be assessed as being highly effective in offsetting 
the designated risk of the hedged item. Hedge effectiveness is formally     
assessed at inception and at least quarterly throughout the life of the     
designated hedging relationship. Assessments of hedge effectiveness and     
measurements of ineffectiveness are also subject to interpretation and      
estimation and different interpretations or estimates may have a material   
effect on the amount reported in net income.                                

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

The Company discontinues hedge accounting prospectively when: (i) it is 
determined that the derivative is no longer highly effective in offsetting  
changes in the estimated fair value or cash flows of a hedged item; (ii) the
derivative expires, is sold, terminated, or exercised; (iii) it is no longer
probable that the hedged forecasted transaction will occur; or (iv) the     
derivative is de-designated as a hedging instrument.                        

When hedge accounting is discontinued because it is determined that the 
derivative is not highly effective in offsetting changes in the estimated   
fair value or cash flows of a hedged item, the derivative continues to be   
carried in the balance sheets at its estimated fair value, with changes in  
estimated fair value recognized in net derivative gains (losses). The       
 carrying value of the hedged recognized asset or liability under a fair value
hedge is no longer adjusted for changes in its estimated fair value due to  
the hedged risk, and the cumulative adjustment to its carrying value is     
amortized into income over the remaining life of the hedged item. Provided  
the hedged forecasted transaction is still probable of occurrence, the      
changes in estimated fair value of derivatives recorded in OCI related to   
discontinued cash flow hedges are released into the statements of operations
when the Company's earnings are affected by the variability in cash flows of
the hedged item.                                                            

   When hedge accounting is discontinued because it is no longer probable that
the forecasted transactions will occur on the anticipated date or within two
months of that date, the derivative continues to be carried in the balance  
sheets at its estimated fair value, with changes in estimated fair value    
recognized currently in net derivative gains (losses). Deferred gains and   
 losses of a derivative recorded in OCI pursuant to the discontinued cash flow
hedge of a forecasted transaction that is no longer probable are recognized 
immediately in net derivative gains (losses).                               

In all other situations in which hedge accounting is discontinued, the  
 derivative is carried at its estimated fair value in the balance sheets, with
changes in its estimated fair value recognized in the current period as net 
derivative gains (losses).                                                  

Embedded Derivatives                                                        

  The Company sells variable annuities and issues certain insurance products
and investment contracts and is a party to certain reinsurance agreements   
 that have embedded derivatives. The Company assesses each identified embedded
 derivative to determine whether it is required to be bifurcated. The embedded
derivative is bifurcated from the host contract and accounted for as a      
freestanding derivative if:                                                 

.  the combined instrument is not accounted for in its entirety at fair   
value with changes in fair value recorded in earnings;              
 .  the terms of the embedded derivative are not clearly and closely related
to the economic characteristics of the host contract; and           
.  a separate instrument with the same terms as the embedded derivative   
would qualify as a derivative instrument.                           

Such embedded derivatives are carried in the balance sheets at estimated
fair value with the host contract and changes in their estimated fair value 
are generally reported in net derivative gains (losses). If the Company is  
 unable to properly identify and measure an embedded derivative for separation
from its host contract, the entire contract is carried on the balance sheet 
at estimated fair value, with changes in estimated fair value recognized in 
 the current period in net investment gains (losses) or net investment income.
Additionally, the                                                           

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Company may elect to carry an entire contract on the balance sheet at       
estimated fair value, with changes in estimated fair value recognized in the
current period in net investment gains (losses) or net investment income if 
that contract contains an embedded derivative that requires bifurcation. At 
 inception, the Company attributes to the embedded derivative a portion of the
projected future guarantee fees to be collected from the policyholder equal 
to the present value of projected future guaranteed benefits. Any additional
fees represent "excess" fees and are reported in universal life and         
investment-type product policy fees.                                        

Fair Value                                                                    

Fair value is defined as the price that would be received to sell an asset
or paid to transfer a liability (an exit price) in the principal or most      
advantageous market for the asset or liability in an orderly transaction      
between market participants on the measurement date. In most cases, the exit  
price and the transaction (or entry) price will be the same at initial        
recognition.                                                                  

Subsequent to initial recognition, fair values are based on unadjusted    
quoted prices for identical assets or liabilities in active markets that are  
readily and regularly obtainable. When such quoted prices are not available,  
fair values are based on quoted prices in markets that are not active, quoted 
prices for similar but not identical assets or liabilities, or other          
observable inputs. If these inputs are not available, or observable inputs are
not determinable, unobservable inputs and/or adjustments to observable inputs 
requiring management judgment are used to determine the estimated fair value  
of assets and liabilities.                                                    

Goodwill                                                                      

 Goodwill, which is included in other assets, is the excess of cost over the
estimated fair value of net assets acquired which represents the future       
economic benefits arising from such net assets acquired that could not be     
individually identified. Goodwill is not amortized but is tested for          
impairment at least annually or more frequently if events or circumstances,   
such as adverse changes in the business climate, indicate that there may be   
justification for conducting an interim test. The Company performs its annual 
goodwill impairment testing during the third quarter of each year based upon  
data as of the close of the second quarter. Goodwill associated with a        
business acquisition is not tested for impairment during the year the business
is acquired unless there is a significant identified impairment event.        

Impairment testing is performed using the fair value approach, which      
requires the use of estimates and judgment, at the "reporting unit" level. A  
reporting unit is the operating segment or a business one level below the     
operating segment, if discrete financial information is prepared and regularly
reviewed by management at that level. Management has concluded that the       
Company has one reporting unit.                                               

For purposes of goodwill impairment testing, if the carrying value of a   
reporting unit exceeds its estimated fair value, there may be an indication of
impairment. In such instances, the implied fair value of the goodwill is      
determined in the same manner as the amount of goodwill that would be         
determined in a business combination. The excess of the carrying value of     
goodwill over the implied fair value of goodwill would be recognized as an    
impairment and recorded as a charge against net income.                       

In performing the Company's goodwill impairment test, the estimated fair  
value of the reporting unit is determined using a market multiple approach.   
When further corroboration is required, the Company uses a discounted cash    
flow approach. The Company may use additional valuation methodologies when    
appropriate.                                                                  

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

  The key inputs, judgments and assumptions necessary in determining estimated
fair value of the reporting unit include projected operating earnings, current
book value, the level of economic capital required to support the mix of      
business, long-term growth rates, comparative market multiples, the account   
value of in-force business, projections of new and renewal business, as well  
as margins on such business, the level of interest rates, credit spreads,     
equity market levels, and the discount rate that the Company believes is      
appropriate for the reporting unit.                                           

  The Company applies significant judgment when determining the estimated fair
value of its reporting unit. The valuation methodologies utilized are subject 
to key judgments and assumptions that are sensitive to change. Estimates of   
fair value are inherently uncertain and represent only management's reasonable
expectation regarding future developments. These estimates and the judgments  
and assumptions upon which the estimates are based will, in all likelihood,   
differ in some respects from actual future results. Declines in the estimated 
fair value of the Company's reporting unit could result in goodwill           
impairments in future periods which could adversely affect the Company's      
results of operations or financial position.                                  

  In 2013, the Company performed its annual goodwill impairment test using the
market multiple valuation approach. The analysis results indicated that the   
fair value of the reporting unit was in excess of its carrying value and,     
therefore, goodwill was not impaired. On an ongoing basis, the Company        
evaluates potential triggering events that may affect the estimated fair value
of the Company's reporting unit to assess whether any goodwill impairment     
exists. Deteriorating or adverse market conditions may have an impact on the  
estimated fair value and could result in future impairments of goodwill. The  
Company has no accumulated goodwill impairment as of December 31, 2013.       
Goodwill was $33 million at both December 31, 2013 and 2012.                  

Income Tax                                                                    

 The Company joined with MetLife and its includable subsidiaries in filing a
consolidated U.S. life and non-life federal income tax return in accordance   
with the provisions of the Internal Revenue Code of 1986, as amended. Current 
taxes (and the benefits of tax attributes such as losses) are allocated to the
Company under the consolidated tax return regulations and a tax sharing       
agreement. Under the consolidated tax return regulations, MetLife has elected 
the "percentage method" (and 100 percent under such method) of reimbursing    
companies for tax attributes such as losses. As a result, 100 percent of tax  
attributes such as losses are reimbursed by MetLife to the extent that        
consolidated federal income tax of the consolidated federal tax return group  
is reduced in a year by tax attributes such as losses. Profitable subsidiaries
pay to MetLife each year the federal income tax which such profitable         
subsidiary would have paid that year based upon that year's taxable income. If
the Company has current or prior deductions and credits (including but not    
limited to losses) which reduce the consolidated tax liability of the         
consolidated federal tax return group, the deductions and credits are         
characterized as realized (or realizable) by the Company when those tax       
attributes are realized (or realizable) by the consolidated federal tax return
group, even if the Company would not have realized the attributes on a        
stand-alone basis under a "wait and see" method.                              

The Company's accounting for income taxes represents management's best    
estimate of various events and transactions.                                  

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Deferred tax assets and liabilities resulting from temporary differences  
between the financial reporting and tax bases of assets and liabilities are   
measured at the balance sheet date using enacted tax rates expected to apply  
to taxable income in the years the temporary differences are expected to      
reverse.                                                                      

The realization of deferred tax assets depends upon the existence of      
sufficient taxable income within the carryback or carryforward periods under  
the tax law in the applicable tax jurisdiction. Valuation allowances are      
established when management determines, based on available information, that  
it is more likely than not that deferred income tax assets will not be        
realized. Factors in management's determination include the performance of the
business and its ability to generate capital gains. Significant judgment is   
required in determining whether valuation allowances should be established, as
well as the amount of such allowances. When making such determination,        
consideration is given to, among other things, the following:                 

.  future taxable income exclusive of reversing temporary differences and   
carryforwards;                                                        
.  future reversals of existing taxable temporary differences;              
.  taxable income in prior carryback years; and                             
.  tax planning strategies.                                                 

The Company may be required to change its provision for income taxes in   
certain circumstances. Examples of such circumstances include when estimates  
used in determining valuation allowances on deferred tax assets significantly 
change or when receipt of new information indicates the need for adjustment in
valuation allowances. Additionally, future events, such as changes in tax     
laws, tax regulations, or interpretations of such laws or regulations, could  
have an impact on the provision for income tax and the effective tax rate. Any
such changes could significantly affect the amounts reported in the financial 
statements in the year these changes occur.                                   

The Company determines whether it is more likely than not that a tax      
position will be sustained upon examination by the appropriate taxing         
authorities before any part of the benefit can be recorded in the financial   
statements. A tax position is measured at the largest amount of benefit that  
is greater than 50% likely of being realized upon settlement. Unrecognized tax
benefits due to tax uncertainties that do not meet the threshold are included 
within other liabilities and are charged to earnings in the period that such  
determination is made.                                                        

  The Company classifies interest recognized as interest expense and penalties
recognized as a component of income tax.                                      

Litigation Contingencies                                                      

The Company is a party to a number of legal actions and is involved in a  
number of regulatory investigations. Given the inherent unpredictability of   
these matters, it is difficult to estimate the impact on the Company's        
financial position. Liabilities are established when it is probable that a    
loss has been incurred and the amount of the loss can be reasonably estimated.
Legal costs are recognized as incurred. On an annual basis, the Company       
reviews relevant information with respect to liabilities for litigation,      
regulatory investigations and litigation-related contingencies to be reflected
in the Company's financial statements.                                        

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MetLife Investors Insurance Company 
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Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Other Accounting Policies                                                     

Cash and Cash Equivalents                                                   

The Company considers all highly liquid securities and other investments
purchased with an original or remaining maturity of three months or less at 
the date of purchase to be cash equivalents. Cash equivalents are stated at 
amortized cost, which approximates estimated fair value.                    

Computer Software                                                           

Computer software, which is included in other assets, is stated at cost,
less accumulated amortization. Purchased software costs, as well as certain 
internal and external costs incurred to develop internal-use computer       
software during the application development stage, are capitalized. Such    
 costs are amortized generally over a four-year period using the straight-line
method. The cost basis of computer software was $15 million and $14 million 
at December 31, 2013 and 2012, respectively. Accumulated amortization of    
capitalized software was $8 million and $6 million at December 31, 2013 and 
2012, respectively. Related amortization expense was $2 million for each of 
the years ended December 31, 2013, 2012 and 2011.                           

Fees on Ceded Reinsurance and Other                                         

   Fees on ceded reinsurance and other primarily include, in addition to items
described elsewhere herein, fee income on financial reinsurance agreements. 
Such fees are recognized in the period in which services are performed.     

Adoption of New Accounting Pronouncements                                       

Effective July 17, 2013, the Company adopted new guidance regarding         
derivatives that permits the Fed Funds Effective Swap Rate (or Overnight Index  
Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting    
purposes, in addition to the United States Treasury and London Interbank        
Offered Rate. Also, this new guidance removes the restriction on using          
different benchmark rates for similar hedges. The new guidance did not have a   
material impact on the financial statements upon adoption, but may impact the   
selection of benchmark interest rates for hedging relationships in the future.  

Effective January 1, 2013, the Company adopted new guidance regarding       
comprehensive income that requires an entity to provide information about the   
amounts reclassified out of accumulated OCI ("AOCI") by component. In addition, 
an entity is required to present, either on the face of the statement where net 
income is presented or in the notes, significant amounts reclassified out of    
AOCI by the respective line items of net income but only if the amount          
reclassified is required under GAAP to be reclassified to net income in its     
entirety in the same reporting period. For other amounts that are not required  
under GAAP to be reclassified in their entirety to net income, an entity is     
required to cross-reference to other disclosures required under GAAP that       
provide additional detail about those amounts. The adoption was prospectively   
applied and resulted in additional disclosures in Note 8.                       

 Effective January 1, 2013, the Company adopted new guidance regarding balance
sheet offsetting disclosures which requires an entity to disclose information   
about offsetting and related arrangements for derivatives, including bifurcated 
embedded derivatives, repurchase and reverse repurchase agreements, and         
securities                                                                      

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

borrowing and lending transactions, to enable users of its financial statements 
to understand the effects of those arrangements on its financial position.      
Entities are required to disclose both gross information and net information    
about both instruments and transactions eligible for offset in the statement of 
financial position and instruments and transactions subject to an agreement     
similar to a master netting arrangement. The adoption was retrospectively       
applied and resulted in additional disclosures related to derivatives in Note 6.

 On January 1, 2012, the Company adopted new guidance regarding accounting for
DAC, which was retrospectively applied. The guidance specifies that only costs  
related directly to successful acquisition of new or renewal contracts can be   
capitalized as DAC; all other acquisition-related costs must be expensed as     
incurred. As a result, certain sales manager compensation and administrative    
costs previously capitalized by the Company will no longer be deferred.         

On January 1, 2012, the Company adopted new guidance regarding comprehensive
income, which was retrospectively applied, that provides companies with the     
option to present the total of comprehensive income, components of net income,  
and the components of OCI either in a single continuous statement of            
comprehensive income or in two separate but consecutive statements in annual    
financial statements. The standard eliminates the option to present components  
of OCI as part of the statement of changes in stockholder's equity. The Company 
adopted the two-statement approach for annual financial statements.             

Effective January 1, 2012, the Company adopted new guidance regarding fair  
value measurements that establishes common requirements for measuring fair      
value and for disclosing information about fair value measurements in           
accordance with GAAP and International Financial Reporting Standards. Some of   
the amendments clarify the Financial Accounting Standards Board's ("FASB")      
intent on the application of existing fair value measurement requirements.      
Other amendments change a particular principle or requirement for measuring     
fair value or for disclosing information about fair value measurements. The     
adoption did not have a material impact on the Company's financial statements   
other than the expanded disclosures in Note 7.                                  

Future Adoption of New Accounting Pronouncements                                

In February 2013, the FASB issued new guidance regarding liabilities        
(Accounting Standards Update 2013-04, Liabilities (Topic 405): Obligations      
Resulting from Joint and Several Liability Arrangements for Which the Total     
Amount of the Obligation Is Fixed at the Reporting Date), effective             
retrospectively for fiscal years beginning after December 15, 2013 and interim  
periods within those years. The amendments require an entity to measure         
obligations resulting from joint and several liability arrangements for which   
the total amount of the obligation within the scope of the guidance is fixed at 
the reporting date, as the sum of the amount the reporting entity agreed to pay 
on the basis of its arrangement among its co-obligors and any additional amount 
the reporting entity expects to pay on behalf of its co-obligors. In addition,  
the amendments require an entity to disclose the nature and amount of the       
obligation, as well as other information about the obligation. The Company does 
not expect the adoption of this new guidance to have a material impact on its   
financial statements.                                                           

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

2. Insurance                                                                    

Insurance Liabilities                                                           

Future policy benefits are measured as follows:                             

Product Type:                      Measurement Assumptions:               
------------------------------------------------------------------------- 
Nonparticipating life              Aggregate of the present value of      
                                expected future benefit payments and
                             related expenses less the present
                        value of expected future net
                                 premiums. Assumptions as to mortality
                              and persistency are based upon the
                               Company's experience when the basis
                            of the liability is established.
                             Interest rate assumptions for the
                           aggregate future policy benefit
               liabilities are 5%.
------------------------------------------------------------------------- 
Traditional fixed annuities after  Present value of expected future       
annuitization                      payments. Interest rate assumptions    
                                 used in establishing such liabilities
                range from 3% to 8%.
------------------------------------------------------------------------- 

PABs are equal to: (i) policy account values, which consist of an           
accumulation of gross premium payments; and (ii) credited interest, ranging     
from 1% to 8%, less expenses, mortality charges and withdrawals.                

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(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

2. Insurance (continued)                                                        

Guarantees                                                                      

The Company issues variable annuity products with guaranteed minimum        
benefits. The non-life contingent portion of GMWBs and the portion of certain   
GMIBs that does not require annuitization are accounted for as embedded         
derivatives in PABs and are further discussed in Note 6. Guarantees accounted   
for as insurance liabilities include:                                           

Guarantee:                                 Measurement Assumptions:     
------------------------------------------------------------------------
GMDBs  .  A return of purchase payment  .  Present value of expected    
        upon death even if the           death benefits in excess of
  account value is reduced to      the projected account
    zero.                            balance recognizing the
                                     excess ratably over the
                                          accumulation period based on
                                        the present value of total
                                   expected assessments.

    .  An enhanced death benefit     .  Assumptions are consistent
may be available for an          with those used for
         additional fee.                  amortizing DAC, and are thus
                                 subject to the same
                                   variability and risk.

                                     .  Investment performance and
                                        volatility assumptions are
                                 consistent with the
                                          historical experience of the
                                    appropriate underlying
                                       equity index, such as the
                                       Standard & Poor's Ratings
                                         Services ("S&P") 500 Index.

                                  .  Benefit assumptions are
                                  based on the average
                                     benefits payable over a
                                 range of scenarios.
------------------------------------------------------------------------
GMIBs  .  After a specified period of   .  Present value of expected    
         time determined at the time      income benefits in excess of
  of issuance of the variable      the projected account
       annuity contract, a minimum      balance at any future date
 accumulation of purchase         of annuitization and
   payments, even if the            recognizing the excess
account value is reduced to      ratably over the   
         zero, that can be annuitized     accumulation period based on
   to receive a monthly income      present value of total
  stream that is not less than     expected assessments.
a specified amount.                                 
    .  Certain contracts also        .  Assumptions are consistent
provide for a guaranteed         with those used for
         lump sum return of purchase      estimating GMDB liabilities.
premium in lieu of the                              
annuitization benefit.                              

                                      .  Calculation incorporates an
                                assumption for the
                                         percentage of the potential
                                        annuitizations that may be
                            elected by the
                             contractholder.
------------------------------------------------------------------------
GMWBs  .  A return of purchase payment  .  Expected value of the life   
    via partial withdrawals,         contingent payments and
       even if the account value is     expected assessments using
        reduced to zero, provided        assumptions consistent with
      that cumulative withdrawals      those used for estimating
  in a contract year do not        the GMDB liabilities.
exceed a certain limit.                             

.  Certain contracts include                              
guaranteed withdrawals that                         
are life contingent.                                

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

2. Insurance (continued)                                                        

Information regarding the liabilities for guarantees (excluding base policy 
liabilities and embedded derivatives) relating to annuity contracts was as      
follows:                                                                        

                                                                [Download Table]

                                 Annuity Contracts         
                                 ----------------          
                                  GMDBs    GMIBs    Total  
                                 -------  -------- --------
                                       (In millions)       
                                                           
Direct                                                     
Balance at January 1, 2011...... $    32  $     88 $    120
Incurred guaranteed benefits....      17        31       48
Paid guaranteed benefits........     (7)        --      (7)
                                 -------  -------- --------
Balance at December 31, 2011....      42       119      161
Incurred guaranteed benefits....      10        98      108
Paid guaranteed benefits........     (9)        --      (9)
                                 -------  -------- --------
Balance at December 31, 2012....      43       217      260
Incurred guaranteed benefits....      11         1       12
Paid guaranteed benefits........     (5)        --      (5)
                                 -------  -------- --------
Balance at December 31, 2013.... $    49  $    218 $    267
                                 =======  ======== ========
Ceded                                                      
Balance at January 1, 2011...... $    32  $     30 $     62
Incurred guaranteed benefits....      17        11       28
Paid guaranteed benefits........     (7)        --      (7)
                                 -------  -------- --------
Balance at December 31, 2011....      42        41       83
Incurred guaranteed benefits....      10        34       44
Paid guaranteed benefits........     (9)        --      (9)
                                 -------  -------- --------
Balance at December 31, 2012....      43        75      118
Incurred guaranteed benefits....      11         1       12
Paid guaranteed benefits........     (5)        --      (5)
                                 -------  -------- --------
Balance at December 31, 2013.... $    49  $     76 $    125
                                 =======  ======== ========
Net                                                        
Balance at January 1, 2011...... $    --  $     58 $     58
Incurred guaranteed benefits....      --        20       20
Paid guaranteed benefits........      --        --       --
                                 -------  -------- --------
Balance at December 31, 2011....      --        78       78
Incurred guaranteed benefits....      --        64       64
Paid guaranteed benefits........      --        --       --
                                 -------  -------- --------
Balance at December 31, 2012....      --       142      142
Incurred guaranteed benefits....      --        --       --
Paid guaranteed benefits........      --        --       --
                                 -------  -------- --------
Balance at December 31, 2013.... $    --  $    142 $    142
                                 =======  ======== ========

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

2. Insurance (continued)                                                        

Account balances of contracts with insurance guarantees were invested in    
separate account asset classes as follows at:                                   

                                                                [Download Table]

                    December 31,    
                 -------------------
                   2013      2012   
                 --------- ---------
                    (In millions)   
                                    
Fund Groupings:                     
Balanced........ $   7,255 $   6,507
Equity..........     4,086     3,816
Bond............       551       588
Money Market....        98       118
                 --------- ---------
 Total.......... $  11,990 $  11,029
                 ========= =========

Based on the type of guarantee, the Company defines net amount at risk as   
listed below. These amounts include direct business, but exclude offsets from   
hedging or reinsurance, if any.                                                 

Variable Annuity Guarantees                                                   

In the Event of Death                                                       

 Defined as the death benefit less the total contract account value, as of
the balance sheet date. It represents the amount of the claim that the      
Company would incur if death claims were filed on all contracts on the      
balance sheet date and includes any additional contractual claims associated
  with riders purchased to assist with covering income taxes payable upon death.

At Annuitization                                                            

Defined as the amount (if any) that would be required to be added to the
total contract account value to purchase a lifetime income stream, based on 
current annuity rates, equal to the minimum amount provided under the       
guaranteed benefit. This amount represents the Company's potential economic 
exposure to such guarantees in the event all contractholders were to        
annuitize on the balance sheet date, even though the contracts contain terms
that allow annuitization of the guaranteed amount only after the 10th       
anniversary of the contract, which not all contractholders have achieved.   

   Information regarding the types of guarantees relating to annuity contracts
was as follows at:                                                          

                                                        [Enlarge/Download Table]

                                                                 December 31,                       
                                           ---------------------------------------------------------
                                                       2013                         2012            
                                           ---------------------------- ----------------------------
                                               In the          At           In the          At      
                                           Event of Death Annuitization Event of Death Annuitization
                                           -------------- ------------- -------------- -------------
                                                                 (In millions)                      
                                                                                                    
Annuity Contracts (1)                                                                               
Variable Annuity Guarantees                                                                         
Total contract account value..............  $    13,348    $     8,712   $    12,309    $     7,963 
Separate account value....................  $    12,841    $     8,470   $    11,797    $     7,715 
Net amount at risk........................  $       327    $       116   $       594    $       554 
Average attained age of contractholders...     67 years       66 years      66 years       65 years 

--------                                                                        

(1)The Company's annuity contracts with guarantees may offer more than one type 
of guarantee in each contract. Therefore, the amounts listed above may not
be mutually exclusive.                                                    

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

2. Insurance (continued)                                                        

Obligations Under Funding Agreements                                            

MLIIC is a member of the Federal Home Loan Bank ("FHLB") of Des Moines.     
Holdings of the FHLB of Des Moines common stock, included in equity securities, 
were as follows at:                                                             

                                                                [Download Table]

                       December 31, 
                       -------------
                       2013   2012  
                       -----  ----- 
                       (In millions)
                                    
FHLB of Des Moines.... $  26  $  28 

The Company has also entered into funding agreements with the FHLB of Des   
Moines. The liability for such funding agreements is included in PABs.          
Information related to such funding agreements was as follows at:               

                                                                [Download Table]

                            Liability        Collateral      
                          ------------- ---------------------
                                     December 31,            
                          -----------------------------------
                           2013   2012     2013       2012   
                          ------ ------ ---------- ----------
                                     (In millions)           
                                                             
FHLB of Des Moines (1)... $  405 $  405 $  477 (2) $  604 (2)

--------                                                                        

(1)Represents funding agreements issued to the FHLB of Des Moines in exchange   
for cash and for which the FHLB of Des Moines has been granted a lien on  
 certain assets, some of which are in the custody of the FHLB of Des Moines,
 including residential mortgage-backed securities ("RMBS"), to collateralize
obligations under advances evidenced by funding agreements. The Company is
permitted to withdraw any portion of the collateral in the custody of the 
  FHLB of Des Moines as long as there is no event of default and the remaining
qualified collateral is sufficient to satisfy the collateral maintenance  
level. Upon any event of default by the Company, the FHLB of Des Moines'  
recovery on the collateral is limited to the amount of the Company's      
liability to the FHLB of Des Moines.                                      

(2)Advances are collateralized by mortgage-backed securities. The amount of     
collateral presented is at estimated fair value.                          

Separate Accounts                                                               

Separate account assets and liabilities consist of pass-through separate    
accounts totaling $12.0 billion and $11.1 billion at December 31, 2013 and      
2012, respectively, for which the policyholder assumes all investment risk.     

For the years ended December 31, 2013, 2012 and 2011, there were no         
investment gains (losses) on transfers of assets from the general account to    
the separate accounts.                                                          

3. Deferred Policy Acquisition Costs, Value of Business Acquired and Other      
Policy-Related Intangibles                                                      

See Note 1 for a description of capitalized acquisition costs.              

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

3. Deferred Policy Acquisition Costs, Value of Business Acquired and Other      
Policy-Related Intangibles (continued)                                          

Fixed and Variable Universal Life Contracts and Fixed and Variable Deferred     
Annuity Contracts                                                               

The Company amortizes DAC and VOBA related to these contracts over the      
estimated lives of the contracts in proportion to actual and expected future    
gross profits. The amortization includes interest based on rates in effect at   
inception or acquisition of the contracts. The amount of future gross profits   
is dependent principally upon returns in excess of the amounts credited to      
policyholders, mortality, persistency, interest crediting rates, expenses to    
administer the business, creditworthiness of reinsurance counterparties, the    
effect of any hedges used and certain economic variables, such as inflation. Of 
these factors, the Company anticipates that investment returns, expenses and    
persistency are reasonably likely to impact significantly the rate of DAC and   
VOBA amortization. Each reporting period, the Company updates the estimated     
gross profits with the actual gross profits for that period. When the actual    
gross profits change from previously estimated gross profits, the cumulative    
DAC and VOBA amortization is re-estimated and adjusted by a cumulative charge   
or credit to current operations. When actual gross profits exceed those         
previously estimated, the DAC and VOBA amortization will increase, resulting in 
a current period charge to earnings. The opposite result occurs when the actual 
gross profits are below the previously estimated gross profits. Each reporting  
period, the Company also updates the actual amount of business remaining        
in-force, which impacts expected future gross profits. When expected future     
gross profits are below those previously estimated, the DAC and VOBA            
amortization will increase, resulting in a current period charge to earnings.   
The opposite result occurs when the expected future gross profits are above the 
previously estimated expected future gross profits. Each period, the Company    
also reviews the estimated gross profits for each block of business to          
determine the recoverability of DAC and VOBA balances.                          

Factors Impacting Amortization                                                  

Separate account rates of return on variable universal life contracts and   
variable deferred annuity contracts affect in-force account balances on such    
contracts each reporting period, which can result in significant fluctuations   
in amortization of DAC and VOBA. Returns that are higher than the Company's     
long-term expectation produce higher account balances, which increases the      
Company's future fee expectations and decreases future benefit payment          
expectations on minimum death and living benefit guarantees, resulting in       
higher expected future gross profits. The opposite result occurs when returns   
are lower than the Company's long-term expectation. The Company's practice to   
determine the impact of gross profits resulting from returns on separate        
accounts assumes that long-term appreciation in equity markets is not changed   
by short-term market fluctuations, but is only changed when sustained interim   
deviations are expected. The Company monitors these events and only changes the 
assumption when its long-term expectation changes.                              

The Company also periodically reviews other long-term assumptions underlying
the projections of estimated gross profits. These assumptions primarily relate  
to investment returns, interest crediting rates, mortality, persistency and     
expenses to administer business. Management annually updates assumptions used   
in the calculation of estimated gross profits which may have significantly      
changed. If the update of assumptions causes expected future gross profits to   
increase, DAC and VOBA amortization will decrease, resulting in a current       
period increase to earnings. The opposite result occurs when the assumption     
update causes expected future gross profits to decrease.                        

Periodically, the Company modifies product benefits, features, rights or    
coverages that occur by the exchange of a contract for a new contract, or by    
amendment, endorsement, or rider to a contract, or by election or coverage      

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

3. Deferred Policy Acquisition Costs, Value of Business Acquired and Other      
Policy-Related Intangibles (continued)                                          

within a contract. If such modification, referred to as an internal             
replacement, substantially changes the contract, the associated DAC or VOBA is  
written off immediately through income and any new deferrable costs associated  
with the replacement contract are deferred. If the modification does not        
substantially change the contract, the DAC or VOBA amortization on the original 
contract will continue and any acquisition costs associated with the related    
modification are expensed.                                                      

Amortization of DAC and VOBA is attributed to net investment gains (losses) 
and net derivative gains (losses), and to other expenses for the amount of      
gross profits originating from transactions other than investment gains and     
losses. Unrealized investment gains and losses represent the amount of DAC and  
VOBA that would have been amortized if such gains and losses had been           
recognized.                                                                     

Information regarding DAC and VOBA was as follows:                          

                                                        [Enlarge/Download Table]

                                                                     Years Ended December 31,
                                                                     ------------------------
                                                                      2013     2012    2011  
                                                                      ------  ------  ------ 
                                                                        (In millions)        
                                                                                             
DAC                                                                                          
Balance at January 1,............................................... $   97   $  220  $  352 
Capitalizations.....................................................      6       19      34 
Amortization related to:                                                                     
  Net investment gains (losses) and net derivative gains (losses)...    122     (96)    (84) 
  Other expenses....................................................   (27)     (38)    (76) 
                                                                      ------  ------  ------ 
   Total amortization...............................................     95    (134)   (160) 
                                                                      ------  ------  ------ 
Unrealized investment gains (losses)................................      8      (8)     (6) 
Other (1)...........................................................     38       --      -- 
                                                                      ------  ------  ------ 
Balance at December 31,.............................................    244       97     220 
                                                                      ------  ------  ------ 
VOBA                                                                                         
Balance at January 1,...............................................     51       66      79 
  Total amortization related to other expenses......................    (6)     (14)    (12) 
Unrealized investment gains (losses)................................      2      (1)     (1) 
                                                                      ------  ------  ------ 
Balance at December 31,.............................................     47       51      66 
                                                                      ------  ------  ------ 
Total DAC and VOBA                                                                           
Balance at December 31,............................................. $  291   $  148  $  286 
                                                                      ======  ======  ====== 

--------                                                                        

(1)The year ended December 31, 2013 includes $38 million that was reclassified  
to DAC from premiums, reinsurance and other receivables. The amounts      
reclassified relate to an affiliated reinsurance agreement accounted for  
  using the deposit method of accounting and represent the DAC amortization on
 the expense allowances ceded on the agreement from inception. These amounts
were previously included in the calculated value of the deposit receivable
on this agreement and recorded within premiums, reinsurance and other     
receivables.                                                              

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

3. Deferred Policy Acquisition Costs, Value of Business Acquired and Other      
Policy-Related Intangibles (continued)                                          

Information regarding other policy-related intangibles was as follows:      

                                                                [Download Table]

                            Years Ended December 31,
                            ------------------------
                            2013     2012    2011   
                             -----    -----   ----- 
                              (In millions)         
                                                    
Deferred Sales Inducements                          
Balance at January 1,...... $  65    $  71   $  84  
Capitalization.............    --        1       3  
Amortization...............   (2)      (7)    (16)  
                             -----    -----   ----- 
Balance at December 31,.... $  63    $  65   $  71  
                             =====    =====   ===== 

The estimated future amortization expense to be reported in other expenses  
for the next five years is as follows:                                          

                                                                [Download Table]

                                   VOBA     
                               -------------
                               (In millions)
                                            
2014.......................... $          12
2015.......................... $          10
2016.......................... $           9
2017.......................... $           6
2018.......................... $           6

4. Reinsurance                                                                  

The Company enters into reinsurance agreements primarily as a purchaser of  
reinsurance for its various insurance products. The Company participates in     
reinsurance activities in order to limit losses and minimize exposure to        
significant risks.                                                              

Accounting for reinsurance requires extensive use of assumptions and        
estimates, particularly related to the future performance of the underlying     
business and the potential impact of counterparty credit risks. The Company     
periodically reviews actual and anticipated experience compared to the          
aforementioned assumptions used to establish assets and liabilities relating to 
ceded reinsurance and evaluates the financial strength of counterparties to its 
reinsurance agreements using criteria similar to that evaluated in the security 
impairment process discussed in Note 5.                                         

For its individual life insurance products, the Company has historically    
reinsured the mortality risk primarily on an excess of retention basis or on a  
quota share basis. In addition to reinsuring mortality risk as described above, 
the Company reinsures other risks, as well as specific coverages. Placement of  
reinsurance is done primarily on an automatic basis and also on a facultative   
basis for risks with specified characteristics.                                 

The Company currently reinsures 100% of the living and death benefit        
guarantees issued in connection with its variable annuities to affiliated       
reinsurers. Under these reinsurance agreements, the Company pays a reinsurance  
premium generally based on fees associated with the guarantees collected from   
policyholders, and receives reimbursement for benefits paid or accrued in       
excess of account values, subject to certain limitations. The Company also      
reinsures 90% of its fixed annuities to an affiliated reinsurer. The value of   
the embedded                                                                    

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

4. Reinsurance (continued)                                                      

derivatives on the ceded risk is determined using a methodology consistent with 
the guarantees directly written by the Company with the exception of the input  
for nonperformance risk that reflects the credit of the reinsurer.              

The Company has exposure to catastrophes which could contribute to          
significant fluctuations in the Company's results of operations. The Company    
uses excess of retention and quota share reinsurance agreements to provide      
greater diversification of risk and minimize exposure to larger risks.          

The Company reinsures its remaining business through a diversified group of 
well-capitalized reinsurers. The Company analyzes recent trends in arbitration  
and litigation outcomes in disputes, if any, with its reinsurers. The Company   
monitors ratings and evaluates the financial strength of its reinsurers by      
analyzing their financial statements. In addition, the reinsurance recoverable  
balance due from each reinsurer is evaluated as part of the overall monitoring  
process. Recoverability of reinsurance recoverable balances is evaluated based  
on these analyses. These reinsurance recoverable balances are stated net of     
allowances for uncollectible reinsurance, which at December 31, 2013 and 2012,  
were not significant.                                                           

The Company had $6 million and $8 million of unsecured unaffiliated ceded   
reinsurance recoverable balances at December 31, 2013 and 2012, respectively.   
Of these totals, 100% were with the Company's five largest unaffiliated ceded   
reinsurers at both December 31, 2013 and 2012.                                  

The amounts in the statements of operations include the impact of           
reinsurance. Information regarding the significant effects of reinsurance was   
as follows:                                                                     

                                                        [Enlarge/Download Table]

                                                                  Years Ended December 31,
                                                                  ----------------------- 
                                                                   2013     2012    2011  
                                                                  -------  ------- -------
                                                                       (In millions)      
                                                                                          
Premiums                                                                                  
  Direct premiums................................................ $    30  $    12 $     8
  Reinsurance ceded..............................................     (1)      (1)     (1)
                                                                  -------  ------- -------
   Net premiums.................................................. $    29  $    11 $     7
                                                                  =======  ======= =======
Universal life and investment-type product policy fees                                    
  Direct universal life and investment-type product policy fees.. $   244  $   237 $   240
  Reinsurance ceded..............................................    (42)     (39)    (36)
                                                                  -------  ------- -------
   Net universal life and investment-type product policy fees.... $   202  $   198 $   204
                                                                  =======  ======= =======
Fees on ceded reinsurance and other                                                       
  Direct fees on ceded reinsurance and other..................... $    25  $    25 $    26
  Reinsurance ceded..............................................      65       68      78
                                                                  -------  ------- -------
   Net fees on ceded reinsurance and other....................... $    90  $    93 $   104
                                                                  =======  ======= =======
Policyholder benefits and claims                                                          
  Direct policyholder benefits and claims........................ $    61  $   144 $    92
  Reinsurance ceded..............................................    (13)     (44)    (33)
                                                                  -------  ------- -------
   Net policyholder benefits and claims.......................... $    48  $   100 $    59
                                                                  =======  ======= =======

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

4. Reinsurance (continued)                                                      

The amounts in the balance sheets include the impact of reinsurance.        
Information regarding the significant effects of reinsurance was as follows at: 

                                                        [Enlarge/Download Table]

                                                         December 31,                   
                                       -------------------------------------------------
                                                 2013                     2012          
                                       ------------------------ ------------------------
                                                        Total                    Total  
                                                       Balance                  Balance 
                                       Direct  Ceded    Sheet   Direct  Ceded    Sheet  
                                       ------ -------- -------- ------ -------- --------
                                                         (In millions)                  
                                                                                        
Assets                                                                                  
Premiums, reinsurance and other                                                         
  receivables......................... $   26 $  1,803 $  1,829 $   26 $  2,459 $  2,485
Deferred policy acquisition costs and                                                   
  value of business acquired..........    311     (20)      291    207     (59)      148
                                       ------ -------- -------- ------ -------- --------
 Total assets......................... $  337 $  1,783 $  2,120 $  233 $  2,400 $  2,633
                                       ====== ======== ======== ====== ======== ========

Reinsurance agreements that do not expose the Company to a reasonable       
possibility of a significant loss from insurance risk are recorded using the    
deposit method of accounting. Deposit assets and deposit liabilities, if any,   
are the result of affiliated reinsurance transactions. See " Related Party      
Reinsurance Transactions."                                                      

Related Party Reinsurance Transactions                                          

The Company has reinsurance agreements with certain MetLife subsidiaries,   
including Metropolitan Life Insurance Company, General American Life Insurance  
Company, Exeter and MICC, all of which are related parties.                     

Information regarding the significant effects of affiliated reinsurance     
included in the statements of operations was as follows:                        

                                                                [Download Table]

                                                        Years Ended December 31,
                                                        ----------------------- 
                                                         2013     2012    2011  
                                                        -------  ------- -------
                                                             (In millions)      
                                                                                
Premiums                                                                        
Reinsurance ceded...................................... $    --  $   (1) $    --
Universal life and investment-type product policy fees                          
Reinsurance ceded...................................... $  (41)  $  (39) $  (35)
Fees on ceded reinsurance and other                                             
Reinsurance ceded...................................... $    65  $    68 $    78
Policyholder benefits and claims                                                
Reinsurance ceded...................................... $  (13)  $  (44) $  (31)

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MetLife Investors Insurance Company 
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Notes to the Financial Statements -- (Continued)  

4. Reinsurance (continued)                                                      

 Information regarding the significant effects of ceded affiliated reinsurance
included in the balance sheets was as follows at:                               

                                                        [Enlarge/Download Table]

                                                                       December 31,   
                                                                     -----------------
                                                                       2013     2012  
                                                                     -------- --------
                                                                       (In millions)  
                                                                                      
Assets                                                                                
Premiums, reinsurance and other receivables......................... $  1,798 $  2,451
Deferred policy acquisition costs and value of business acquired....     (20)     (59)
                                                                     -------- --------
  Total assets...................................................... $  1,778 $  2,392
                                                                     ======== ========

The Company ceded risks to affiliates related to guaranteed minimum benefit 
guarantees written directly by the Company. These ceded reinsurance agreements  
contain embedded derivatives and changes in their fair value are included       
within net derivative gains (losses). The embedded derivatives associated with  
the cessions are included within premiums, reinsurance and other receivables    
and were assets of $376 million and $959 million at December 31, 2013 and 2012, 
respectively. Net derivative gains (losses) associated with the embedded        
derivatives were ($639) million, $190 million and $380 million for the years    
ended December 31, 2013, 2012 and 2011, respectively.                           

 The Company has secured certain reinsurance recoverable balances with various
forms of collateral, including secured trusts and irrevocable letters of        
credit. The Company had $1.3 billion and $1.4 billion of unsecured affiliated   
reinsurance recoverable balances at December 31, 2013 and 2012, respectively.   

Affiliated reinsurance agreements that do not expose the Company to a       
reasonable possibility of a significant loss from insurance risk are recorded   
using the deposit method of accounting. The deposit assets on affiliated        
reinsurance were $1.3 billion and $1.4 billion at December 31, 2013 and 2012,   
respectively. There were no deposit liabilities on affiliated reinsurance at    
both December 31, 2013 and 2012.                                                

5. Investments                                                                  

 See Note 7 for information about the fair value hierarchy for investments and
the related valuation methodologies.                                            

Investment Risks and Uncertainties                                              

Investments are exposed to the following primary sources of risk: credit,   
interest rate, liquidity, market valuation, currency and real estate risk. The  
financial statement risks, stemming from such investment risks, are those       
associated with the determination of estimated fair values, the diminished      
ability to sell certain investments in times of strained market conditions, the 
recognition of impairments, the recognition of income on certain investments    
and the potential consolidation of variable interest entities ("VIEs"). The use 
of different methodologies, assumptions and inputs relating to these financial  
statement risks may have a material effect on the amounts presented within the  
financial statements.                                                           

The determination of valuation allowances and impairments is highly         
subjective and is based upon periodic evaluations and assessments of known and  
inherent risks associated with the respective asset class. Such evaluations and 
assessments are revised as conditions change and new information becomes        
available.                                                                      

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Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

 The recognition of income on certain investments (e.g. structured securities,
including mortgage-backed securities, asset-backed securities ("ABS") and       
certain structured investment transactions) is dependent upon certain factors   
such as prepayments and defaults, and changes in such factors could result in   
changes in amounts to be earned.                                                

Fixed Maturity and Equity Securities AFS                                        

Fixed Maturity and Equity Securities AFS by Sector                            

  The following table presents the fixed maturity and equity securities AFS by
sector. Redeemable preferred stock is reported within U.S. corporate fixed    
maturity securities and non-redeemable preferred stock is reported within     
equity securities. Included within fixed maturity securities are structured   
securities including RMBS, commercial mortgage-backed securities ("CMBS") and 
ABS.                                                                          

                                                        [Enlarge/Download Table]

                                                December 31, 2013                          December 31, 2012             
                                    ------------------------------------------ ------------------------------------------
                                                 Gross Unrealized                           Gross Unrealized             
                                     Cost or  ---------------------- Estimated  Cost or  ---------------------- Estimated
                                    Amortized       Temporary  OTTI    Fair    Amortized       Temporary  OTTI    Fair   
                                      Cost    Gains  Losses   Losses   Value     Cost    Gains  Losses   Losses   Value  
                                    --------- ----- --------- ------ --------- --------- ----- --------- ------ ---------
                                                                        (In millions)                                    
                                                                                                                         
Fixed maturity securities                                                                                                
U.S. corporate.....................  $   825  $ 55    $  8     $ --   $   872   $   913  $  87   $  1     $ --   $   999 
U.S. Treasury and agency...........      469     2      14       --       457       391      6     --       --       397 
RMBS...............................      312    12       7        5       312       286     21      4        6       297 
CMBS...............................      293     8       4       --       297       302     17     --       --       319 
Foreign corporate..................      223     9       3       --       229       209     14      1       --       222 
ABS................................       51     2      --       --        53        51      4      1       --        54 
State and political subdivision....       17     2      --       --        19        17      3     --       --        20 
Foreign government.................       10     1      --       --        11         9      3     --       --        12 
                                     -------  ----    ----     ----   -------   -------  -----   ----     ----   ------- 
 Total fixed maturity securities...  $ 2,200  $ 91    $ 36     $  5   $ 2,250   $ 2,178  $ 155   $  7     $  6   $ 2,320 
                                     =======  ====    ====     ====   =======   =======  =====   ====     ====   ======= 
Equity securities                                                                                                        
Common stock.......................  $    26  $ --    $ --     $ --   $    26   $    28  $  --   $ --     $ --   $    28 
Non-redeemable preferred stock.....       20    --       1       --        19        20     --      3       --        17 
                                     -------  ----    ----     ----   -------   -------  -----   ----     ----   ------- 
 Total equity securities...........  $    46  $ --    $  1     $ --   $    45   $    48  $  --   $  3     $ --   $    45 
                                     =======  ====    ====     ====   =======   =======  =====   ====     ====   ======= 

The Company held non-income producing fixed maturity securities with an   
estimated fair value of less than $1 million with unrealized gains (losses) of
less than $1 million at both December 31, 2013 and 2012.                      

Methodology for Amortization of Premium and Accretion of Discount on          
Structured Securities                                                           

Amortization of premium and accretion of discount on structured securities
considers the estimated timing and amount of prepayments of the underlying    
loans. Actual prepayment experience is periodically reviewed and effective    
yields are recalculated when differences arise between the originally         
anticipated and the actual prepayments received and currently anticipated.    
Prepayment assumptions for single class and multi-class mortgage-backed and   
ABS are estimated using inputs obtained from third-party specialists and based
on management's knowledge of the current market. For credit-sensitive         
mortgage-backed and ABS and certain prepayment-sensitive securities, the      
effective yield is recalculated on a prospective basis. For all other         
mortgage-backed and ABS, the effective yield is recalculated on a             
retrospective basis.                                                          

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Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

Maturities of Fixed Maturity Securities                                       

  The amortized cost and estimated fair value of fixed maturity securities, by
contractual maturity date, were as follows at:                                

                                                        [Enlarge/Download Table]

                                                            December 31,               
                                              -----------------------------------------
                                                      2013                 2012        
                                              -------------------- --------------------
                                              Amortized Estimated  Amortized Estimated 
                                                Cost    Fair Value   Cost    Fair Value
                                              --------- ---------- --------- ----------
                                                            (In millions)              
                                                                                       
Due in one year or less...................... $    240   $    242  $    306   $    308 
Due after one year through five years........      487        512       446        476 
Due after five years through ten years.......      566        595       588        657 
Due after ten years..........................      251        239       199        209 
                                              --------   --------  --------   -------- 
  Subtotal...................................    1,544      1,588     1,539      1,650 
Structured securities (RMBS, CMBS and ABS)...      656        662       639        670 
                                              --------   --------  --------   -------- 
  Total fixed maturity securities............ $  2,200   $  2,250  $  2,178   $  2,320 
                                              ========   ========  ========   ======== 

  Actual maturities may differ from contractual maturities due to the exercise
of call or prepayment options. Fixed maturity securities not due at a single  
maturity date have been presented in the year of final contractual maturity.  
RMBS, CMBS and ABS are shown separately, as they are not due at a single      
maturity.                                                                     

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Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

Continuous Gross Unrealized Losses for Fixed Maturity and Equity Securities   
AFS by Sector                                                                   

The following table presents the estimated fair value and gross unrealized
losses of fixed maturity and equity securities AFS in an unrealized loss      
position, aggregated by sector and by length of time that the securities have 
been in a continuous unrealized loss position.                                

                                                        [Enlarge/Download Table]

                                              December 31, 2013                         December 31, 2012            
                                  ----------------------------------------- -----------------------------------------
                                                       Equal to or Greater                       Equal to or Greater 
                                  Less than 12 Months     than 12 Months    Less than 12 Months     than 12 Months   
                                  -------------------- -------------------- -------------------- --------------------
                                  Estimated   Gross    Estimated   Gross    Estimated   Gross    Estimated   Gross   
                                    Fair    Unrealized   Fair    Unrealized   Fair    Unrealized   Fair    Unrealized
                                    Value     Losses     Value     Losses     Value     Losses     Value     Losses  
                                  --------- ---------- --------- ---------- --------- ---------- --------- ----------
                                                      (In millions, except number of securities)                     
                                                                                                                     
Fixed maturity securities                                                                                            
U.S. corporate...................  $   84     $   7      $  13     $   1      $  20      $  1      $   9     $  --   
U.S. Treasury and agency.........     169        14         --        --         60        --         --        --   
RMBS.............................      84         4         34         8         --        --         49        10   
CMBS.............................      73         4         --        --          4        --         15        --   
Foreign corporate................      27         2          7         1          2        --          7         1   
ABS..............................       7        --          5        --         --        --          5         1   
Foreign government...............       1        --          1        --          1        --         --        --   
                                   ------     -----      -----     -----      -----      ----      -----     -----   
Total fixed maturity securities..  $  445     $  31      $  60     $  10      $  87      $  1      $  85     $  12   
                                   ======     =====      =====     =====      =====      ====      =====     =====   
Equity securities                                                                                                    
Non-redeemable preferred                                                                                             
 stock...........................  $   --     $  --      $  18     $   1      $  --      $ --      $  17     $   3   
                                   ------     -----      -----     -----      -----      ----      -----     -----   
Total number of securities in an                                                                                     
 unrealized loss position........      87                   18                   18                   22             
                                   ======                =====                =====                =====             

Evaluation of AFS Securities for OTTI and Evaluating Temporarily Impaired AFS 
Securities                                                                      

Evaluation and Measurement Methodologies                                    

  Management considers a wide range of factors about the security issuer and
uses its best judgment in evaluating the cause of the decline in the        
estimated fair value of the security and in assessing the prospects for     
near-term recovery. Inherent in management's evaluation of the security are 
assumptions and estimates about the operations of the issuer and its future 
earnings potential. Considerations used in the impairment evaluation process
include, but are not limited to: (i) the length of time and the extent to   
which the estimated fair value has been below cost or amortized cost;       
(ii) the potential for impairments when the issuer is experiencing          
 significant financial difficulties; (iii) the potential for impairments in an
entire industry sector or sub-sector; (iv) the potential for impairments in 
certain economically depressed geographic locations; (v) the potential for  
impairments where the issuer, series of issuers or industry has suffered a  
catastrophic loss or has exhausted natural resources; (vi) with respect to  
 fixed maturity securities, whether the Company has the intent to sell or will
more likely than not be required to sell a particular security before the   
decline in estimated fair value below amortized cost recovers; (vii) with   
respect to structured securities, changes in forecasted cash flows after    
 considering the quality of underlying collateral, expected prepayment speeds,
current and forecasted loss severity, consideration of the payment terms of 
 the underlying assets backing a particular security, and the payment priority
within the tranche structure of the security; and (viii) other subjective   
factors, including concentrations and information obtained from regulators  
and rating agencies.                                                        

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MetLife Investors Insurance Company 
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Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

The methodology and significant inputs used to determine the amount of  
credit loss on fixed maturity securities are as follows:                    

  .  The Company calculates the recovery value by performing a discounted cash
flow analysis based on the present value of future cash flows. The  
  discount rate is generally the effective interest rate of the security
prior to impairment.                                                

.  When determining collectability and the period over which value is     
   expected to recover, the Company applies considerations utilized in its
overall impairment evaluation process which incorporates information
regarding the specific security, fundamentals of the industry and   
geographic area in which the security issuer operates, and overall  
     macroeconomic conditions. Projected future cash flows are estimated using
assumptions derived from management's best estimates of likely      
scenario-based outcomes after giving consideration to a variety of  
variables that include, but are not limited to: payment terms of the
 security; the likelihood that the issuer can service the interest and
  principal payments; the quality and amount of any credit enhancements;
the security's position within the capital structure of the issuer; 
possible corporate restructurings or asset sales by the issuer; and 
   changes to the rating of the security or the issuer by rating agencies.

.  Additional considerations are made when assessing the unique features  
  that apply to certain structured securities including, but not limited
 to: the quality of underlying collateral, expected prepayment speeds,
    current and forecasted loss severity, consideration of the payment terms
    of the underlying loans or assets backing a particular security, and the
payment priority within the tranche structure of the security.      

.  When determining the amount of the credit loss for U.S. and foreign    
corporate securities, state and political subdivision securities and
     foreign government securities, the estimated fair value is considered the
    recovery value when available information does not indicate that another
    value is more appropriate. When information is identified that indicates
     a recovery value other than estimated fair value, management considers in
   the determination of recovery value the same considerations utilized in
    its overall impairment evaluation process as described above, as well as
  any private and public sector programs to restructure such securities.

With respect to securities that have attributes of debt and equity      
 (perpetual hybrid securities), consideration is given in the OTTI analysis as
to whether there has been any deterioration in the credit of the issuer and 
the likelihood of recovery in value of the securities that are in a severe  
and extended unrealized loss position. Consideration is also given as to    
whether any perpetual hybrid securities, with an unrealized loss, regardless
of credit rating, have deferred any dividend payments. When an OTTI loss has
 occurred, the OTTI loss is the entire difference between the perpetual hybrid
security's cost and its estimated fair value with a corresponding charge to 
earnings.                                                                   

The cost or amortized cost of fixed maturity and equity securities is   
adjusted for OTTI in the period in which the determination is made. The     
Company does not change the revised cost basis for subsequent recoveries in 
value.                                                                      

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Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

In periods subsequent to the recognition of OTTI on a fixed maturity    
security, the Company accounts for the impaired security as if it had been  
purchased on the measurement date of the impairment. Accordingly, the       
discount (or reduced premium) based on the new cost basis is accreted over  
the remaining term of the fixed maturity security in a prospective manner   
based on the amount and timing of estimated future cash flows.              

Current Period Evaluation                                                   

Based on the Company's current evaluation of its AFS securities in an   
unrealized loss position in accordance with its impairment policy, and the  
Company's current intentions and assessments (as applicable to the type of  
security) about holding, selling and any requirements to sell these         
securities, the Company has concluded that these securities are not         
 other-than-temporarily impaired at December 31, 2013. Future OTTI will depend
primarily on economic fundamentals, issuer performance (including changes in
 the present value of future cash flows expected to be collected), and changes
in credit ratings, collateral valuation, interest rates and credit spreads. 
If economic fundamentals deteriorate or if there are adverse changes in the 
above factors, OTTI may be incurred in upcoming periods.                    

  Gross unrealized losses on fixed maturity securities increased $28 million
during the year ended December 31, 2013 from $13 million to $41 million. The
 increase in gross unrealized losses for the year ended December 31, 2013, was
primarily attributable to an increase in interest rates, partially offset by
narrowing credit spreads.                                                   

At December 31, 2013, $5 million of the total $41 million of gross      
unrealized losses were from one below investment grade fixed maturity       
security with an unrealized loss position of 20% or more of amortized cost  
for six months or greater. Unrealized losses on the below investment grade  
fixed maturity security are related to non-agency RMBS (alternative         
residential mortgage loans) and are the result of significantly wider credit
spreads resulting from higher risk premiums since purchase, largely due to  
 economic and market uncertainties including concerns over unemployment levels
and valuations of residential real estate supporting non-agency RMBS.       
 Management evaluates non-agency RMBS based on actual and projected cash flows
after considering the quality of underlying collateral, expected prepayment 
speeds, current and forecasted loss severity, consideration of the payment  
 terms of the underlying assets backing a particular security, and the payment
priority within the tranche structure of the security.                      

Equity Securities                                                           

Gross unrealized losses on equity securities decreased $2 million during
the year ended December 31, 2013 from $3 million to $1 million. None of the 
$1 million of gross unrealized losses were from equity securities with gross
unrealized losses of 20% or more of cost for 12 months or greater.          

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Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

Mortgage Loans                                                                  

Mortgage Loans by Portfolio Segment                                           

Mortgage loans are summarized as follows at:                                

                                                                [Download Table]

                                                  December 31,                 
                                 --------------------------------------------- 
                                           2013                   2012         
                                 -----------------------  -------------------- 
                                   Carrying                 Carrying     % of  
                                     Value     % of Total     Value      Total 
                                 ------------- ---------- ------------- ------ 
                                 (In millions)            (In millions)        
                                                                               
Mortgage loans:                                                                
  Commercial....................    $  246        86.0 %     $  238      83.8 %
  Agricultural..................        41         14.3          48       16.9 
                                    ------       ------      ------     ------ 
   Subtotal (1).................       287        100.3         286      100.7 
  Valuation allowances..........       (1)        (0.3)         (2)      (0.7) 
                                    ------       ------      ------     ------ 
   Total mortgage loans, net....    $  286       100.0 %     $  284     100.0 %
                                    ======       ======      ======     ====== 

--------                                                                        

(1)The Company did not purchase any mortgage loans during the year ended        
December 31, 2013. In 2012, the Company purchased $48 million of mortgage 
loans, of which $38 million were purchased at estimated fair value from an
affiliate, MetLife Bank, National Association.                            

Mortgage Loans and Valuation Allowance by Portfolio Segment                   

All commercial and agricultural mortgage loans held at both December 31,  
2013 and 2012 were evaluated collectively for credit losses. The valuation    
allowances maintained at both December 31, 2013 and 2012 were primarily for   
the commercial mortgage loan portfolio segment and were for non-specifically  
identified credit losses. The valuation allowance for agricultural mortgage   
loans was less than $1 million at both December 31, 2013 and 2012.            

Valuation Allowance Rollforward by Portfolio Segment                          

The changes in the valuation allowance, by portfolio segment, were as     
follows:                                                                      

                                                                [Download Table]

                                 Commercial Agricultural Total 
                                 ---------- ------------ ------
                                         (In millions)         
                                                               
Balance at January 1, 2011......   $    1     $    --    $    1
Provision (release).............        1          --         1
                                   ------     -------    ------
Balance at December 31, 2011....        2          --         2
Provision (release).............       --          --        --
                                   ------     -------    ------
Balance at December 31, 2012....        2          --         2
Provision (release).............      (1)          --       (1)
                                   ------     -------    ------
Balance at December 31, 2013....   $    1     $    --    $    1
                                   ======     =======    ======

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MetLife Investors Insurance Company 
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Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

Valuation Allowance Methodology                                             

Mortgage loans are considered to be impaired when it is probable that,  
based upon current information and events, the Company will be unable to    
collect all amounts due under the loan agreement. Specific valuation        
allowances are established using the same methodology for both portfolio    
segments as the excess carrying value of a loan over either (i) the present 
value of expected future cash flows discounted at the loan's original       
effective interest rate, (ii) the estimated fair value of the loan's        
underlying collateral if the loan is in the process of foreclosure or       
otherwise collateral dependent, or (iii) the loan's observable market price.
 A common evaluation framework is used for establishing non-specific valuation
 allowances for both loan portfolio segments; however, a separate non-specific
valuation allowance is calculated and maintained for each loan portfolio    
segment that is based on inputs unique to each loan portfolio segment.      
Non-specific valuation allowances are established for pools of loans with   
similar risk characteristics where a property-specific or market-specific   
risk has not been identified, but for which the Company expects to incur a  
credit loss. These evaluations are based upon several loan portfolio        
 segment-specific factors, including the Company's experience for loan losses,
 defaults and loss severity, and loss expectations for loans with similar risk
characteristics. These evaluations are revised as conditions change and new 
information becomes available.                                              

Commercial and Agricultural Mortgage Loan Portfolio Segments                

The Company typically uses several years of historical experience in    
establishing non-specific valuation allowances which captures multiple      
 economic cycles. For evaluations of commercial mortgage loans, in addition to
historical experience, management considers factors that include the impact 
of a rapid change to the economy, which may not be reflected in the loan    
portfolio, and recent loss and recovery trend experience as compared to     
historical loss and recovery experience. For evaluations of agricultural    
mortgage loans, in addition to historical experience, management considers  
factors that include increased stress in certain sectors, which may be      
evidenced by higher delinquency rates, or a change in the number of higher  
 risk loans. On a quarterly basis, management incorporates the impact of these
current market events and conditions on historical experience in determining
the non-specific valuation allowance established for commercial and         
agricultural mortgage loans.                                                

All commercial mortgage loans are reviewed on an ongoing basis which may
 include an analysis of the property financial statements and rent roll, lease
rollover analysis, property inspections, market analysis, estimated         
valuations of the underlying collateral, loan-to-value ratios, debt service 
 coverage ratios, and tenant creditworthiness. All agricultural mortgage loans
are monitored on an ongoing basis. The monitoring process focuses on higher 
risk loans, which include those that are classified as restructured,        
delinquent or in foreclosure, as well as loans with higher loan-to-value    
ratios and lower debt service coverage ratios. The monitoring process for   
agricultural mortgage loans is generally similar to the commercial mortgage 
 loan monitoring process, with a focus on higher risk loans, including reviews
on a geographic and property-type basis. Higher risk loans are reviewed     
individually on an ongoing basis for potential credit loss and specific     
valuation allowances are established using the methodology described above. 
Quarterly, the remaining loans are reviewed on a pool basis by aggregating  
groups of loans that have similar risk characteristics for potential credit 
loss, and non-specific valuation allowances are established as described    
above using inputs that are unique to each segment of the loan portfolio.   

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Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

  For commercial mortgage loans, the primary credit quality indicator is the
 debt service coverage ratio, which compares a property's net operating income
to amounts needed to service the principal and interest due under the loan. 
Generally, the lower the debt service coverage ratio, the higher the risk of
experiencing a credit loss. The Company also reviews the loan-to-value ratio
of its commercial mortgage loan portfolio. Loan-to-value ratios compare the 
unpaid principal balance of the loan to the estimated fair value of the     
underlying collateral. Generally, the higher the loan-to-value ratio, the   
higher the risk of experiencing a credit loss. The debt service coverage    
ratio and loan-to-value ratio, as well as the values utilized in calculating
 these ratios, are updated annually, on a rolling basis, with a portion of the
loan portfolio updated each quarter.                                        

For agricultural mortgage loans, the Company's primary credit quality   
 indicator is the loan-to-value ratio. The values utilized in calculating this
 ratio are developed in connection with the ongoing review of the agricultural
mortgage loan portfolio and are routinely updated.                          

Credit Quality of Commercial Mortgage Loans                                   

The credit quality of commercial mortgage loans, were as follows:         

                                                        [Enlarge/Download Table]

                                   Recorded Investment                                   
                       -------------------------------------------                       
                       Debt Service Coverage Ratios                                      
                       -----------------------------         % of     Estimated    % of  
                       > 1.20x 1.00x - 1.20x < 1.00x Total   Total   Fair Value    Total 
                       ------- ------------- ------- ------ ------  ------------- ------ 
                                  (In millions)                     (In millions)        
                                                                                         
December 31, 2013:                                                                       
Loan-to-value ratios:                                                                    
Less than 65%......... $  193      $   9      $  15  $  217  88.2 %    $  228      88.4 %
65% to 75%............     19         --         10      29   11.8         30       11.6 
                       ------      -----      -----  ------ ------     ------     ------ 
 Total................ $  212      $   9      $  25  $  246 100.0 %    $  258     100.0 %
                       ======      =====      =====  ====== ======     ======     ====== 
December 31, 2012:                                                                       
Loan-to-value ratios:                                                                    
Less than 65%......... $  194      $  10      $   9  $  213  89.5 %    $  231      90.2 %
65% to 75%............     15         --         10      25   10.5         25        9.8 
                       ------      -----      -----  ------ ------     ------     ------ 
 Total................ $  209      $  10      $  19  $  238 100.0 %    $  256     100.0 %
                       ======      =====      =====  ====== ======     ======     ====== 

Credit Quality of Agricultural Mortgage Loans                                 

All of the agricultural mortgage loans held at both December 31, 2013 and 
2012 had loan-to-value ratios of less than 65%.                               

Past Due, Interest Accrual Status and Impaired Mortgage Loans                 

The Company has a high quality, well performing, mortgage loan portfolio,   
with all mortgage loans classified as performing at both December 31, 2013 and  
2012. The Company defines delinquency consistent with industry practice, when   
mortgage loans are past due as follows: commercial mortgage loans -- 60 days    
and agricultural mortgage loans -- 90 days. The Company had no impaired         
mortgage loans, no mortgage loans past due and no mortgage loans in non-accrual 
status at both December 31, 2013 and 2012. The Company did not recognize        
interest income on impaired mortgage loans during the years ended December 31,  
2013, 2012 and 2011.                                                            

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

Mortgage Loans Modified in a Troubled Debt Restructuring                      

The Company may grant concessions related to borrowers experiencing       
financial difficulties which are classified as troubled debt restructurings.  
Generally, the types of concessions include: reduction of the contractual     
interest rate, extension of the maturity date at an interest rate lower than  
current market interest rates, and/or a reduction of accrued interest. The    
amount, timing and extent of the concession granted is considered in          
determining any impairment or changes in the specific valuation allowance     
recorded with the restructuring. Through the continuous monitoring process, a 
specific valuation allowance may have been recorded prior to the quarter when 
the mortgage loan is modified in a troubled debt restructuring. Accordingly,  
the carrying value (after specific valuation allowance) before and after      
modification through a troubled debt restructuring may not change             
significantly, or may increase if the expected recovery is higher than the    
pre-modification recovery assessment.                                         

There were no mortgage loans modified in a troubled debt restructuring    
during the years ended December 31, 2013 and 2012.                            

Other Invested Assets                                                           

Other invested assets is comprised of loans to affiliates (see " -- Related 
Party Investment Transactions") and freestanding derivatives with positive      
estimated fair values (see Note 6).                                             

Cash Equivalents                                                                

The carrying value of cash equivalents, which includes securities and other 
investments with an original or remaining maturity of three months or less at   
the time of purchase, was $17 million and $23 million at December 31, 2013 and  
2012, respectively.                                                             

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

Net Unrealized Investment Gains (Losses)                                        

 The components of net unrealized investment gains (losses), included in AOCI,
were as follows:                                                                

                                                        [Enlarge/Download Table]

                                                                                   Years Ended December 31,
                                                                                   ------------------------
                                                                                   2013     2012    2011   
                                                                                    -----   ------   ----- 
                                                                                     (In millions)         
                                                                                                           
Fixed maturity securities......................................................... $  55   $  148   $  88  
Fixed maturity securities with noncredit OTTI losses in AOCI......................   (5)      (6)    (10)  
                                                                                    -----   ------   ----- 
 Total fixed maturity securities..................................................    50      142      78  
Equity securities.................................................................   (1)      (3)     (5)  
Derivatives.......................................................................   (1)        1       2  
Short-term investments............................................................   (1)      (1)     (1)  
                                                                                    -----   ------   ----- 
 Subtotal.........................................................................    47      139      74  
                                                                                    -----   ------   ----- 
Amounts allocated from:                                                                                    
 Insurance liability loss recognition.............................................    --       --     (7)  
 DAC and VOBA related to noncredit OTTI losses recognized in AOCI.................     1        1       1  
 DAC and VOBA.....................................................................  (14)     (24)    (15)  
                                                                                    -----   ------   ----- 
   Subtotal.......................................................................  (13)     (23)    (21)  
Deferred income tax benefit (expense) related to noncredit OTTI losses recognized                          
  in AOCI.........................................................................     2        2       4  
Deferred income tax benefit (expense).............................................  (13)     (42)    (22)  
                                                                                    -----   ------   ----- 
Net unrealized investment gains (losses).......................................... $  23   $   76   $  35  
                                                                                    =====   ======   ===== 

The changes in fixed maturity securities with noncredit OTTI losses included
in AOCI were as follows:                                                        

                                                                [Download Table]

                                                     Years Ended December 31,
                                                     ------------------------
                                                        2013         2012    
                                                      ----------  ---------- 
                                                         (In millions)       
                                                                             
Balance at January 1,............................... $      (6)   $     (10) 
Securities sold with previous noncredit OTTI loss...          1            3 
Subsequent changes in estimated fair value..........         --            1 
                                                      ----------  ---------- 
Balance at December 31,............................. $      (5)   $      (6) 
                                                      ==========  ========== 

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MetLife Investors Insurance Company 
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Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

The changes in net unrealized investment gains (losses) were as follows:    

                                                        [Enlarge/Download Table]

                                                                                 Years Ended December 31,
                                                                                 ------------------------
                                                                                  2013     2012    2011  
                                                                                 -------  -------  ----- 
                                                                                     (In millions)       
                                                                                                         
Balance at January 1,........................................................... $    76  $    35  $  20 
Fixed maturity securities on which noncredit OTTI losses have been recognized...       1        4    (2) 
Unrealized investment gains (losses) during the year............................    (93)       61     39 
Unrealized investment gains (losses) relating to:                                                        
  Insurance liability gain (loss) recognition...................................      --        7    (7) 
  DAC and VOBA..................................................................      10      (9)    (7) 
  Deferred income tax benefit (expense) related to noncredit OTTI losses                                 
   recognized in AOCI...........................................................      --      (2)      1 
  Deferred income tax benefit (expense).........................................      29     (20)    (9) 
                                                                                 -------  -------  ----- 
Balance at December 31,......................................................... $    23  $    76  $  35 
                                                                                 =======  =======  ===== 
Change in net unrealized investment gains (losses).............................. $  (53)  $    41  $  15 
                                                                                 =======  =======  ===== 

Concentrations of Credit Risk                                                   

There were no investments in any counterparty that were greater than 10% of 
the Company's stockholder's equity, other than the U.S. government and its      
agencies, at both December 31, 2013 and 2012.                                   

Securities Lending                                                              

Elements of the securities lending program are presented below at:          

                                                                [Download Table]

                                                        December 31, 
                                                        -------------
                                                         2013   2012 
                                                        ------ ------
                                                        (In millions)
                                                                     
Securities on loan: (1)                                              
  Amortized cost....................................... $  249 $  185
  Estimated fair value................................. $  241 $  191
Cash collateral on deposit from counterparties (2)..... $  249 $  196
Reinvestment portfolio -- estimated fair value......... $  247 $  196

-------------                                                                   

(1)Included within fixed maturity securities and short-term investments.        

(2)Included within payables for collateral under securities loaned and other    
transactions.                                                             

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

Invested Assets on Deposit and Pledged as Collateral                            

   Invested assets on deposit and pledged as collateral are presented below at
estimated fair value for fixed maturity securities at:                      

                                                                [Download Table]

                                                              December 31,  
                                                             ---------------
                                                              2013    2012  
                                                             ------- -------
                                                              (In millions) 
                                                                            
Invested assets on deposit (regulatory deposits)............ $     7 $     4
Invested assets pledged as collateral (1)...................     505     620
                                                             ------- -------
 Total invested assets on deposit and pledged as collateral. $   512 $   624
                                                             ======= =======

--------                                                                        

(1)The Company has pledged invested assets in connection with various           
agreements and transactions, including funding agreements (see Note 2) and
derivative transactions (see Note 6).                                     

See "-- Securities Lending" for securities on loan.                     

Variable Interest Entities                                                      

 The Company has invested in certain structured transactions that are VIEs. In
certain instances, the Company may hold both the power to direct the most       
significant activities of the entity, as well as an economic interest in the    
entity and, as such, it would be deemed the primary beneficiary or consolidator 
of the entity.                                                                  

The determination of the VIE's primary beneficiary requires an evaluation of
the contractual and implied rights and obligations associated with each party's 
relationship with or involvement in the entity, an estimate of the entity's     
expected losses and expected residual returns and the allocation of such        
estimates to each party involved in the entity. The Company generally uses a    
qualitative approach to determine whether it is the primary beneficiary.        
However, for VIEs that are investment companies or apply measurement principles 
consistent with those utilized by investment companies, the primary beneficiary 
is based on a risks and rewards model and is defined as the entity that will    
absorb a majority of a VIE's expected losses, receive a majority of a VIE's     
expected residual returns if no single entity absorbs a majority of expected    
losses, or both. The Company reassesses its involvement with VIEs on a          
quarterly basis. The use of different methodologies, assumptions and inputs in  
the determination of the primary beneficiary could have a material effect on    
the amounts presented within the financial statements.                          

Consolidated VIEs                                                             

There were no VIEs for which the Company has concluded that it is the     
primary beneficiary and which are consolidated at December 31, 2013 and 2012. 

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

Unconsolidated VIEs                                                           

The carrying amount and maximum exposure to loss relating to VIEs in which
the Company holds a significant variable interest but is not the primary      
beneficiary and which have not been consolidated were as follows at:          

                                                        [Enlarge/Download Table]

                                                                      December 31,               
                                                        -----------------------------------------
                                                                2013                 2012        
                                                        -------------------- --------------------
                                                                   Maximum              Maximum  
                                                        Carrying  Exposure   Carrying  Exposure  
                                                         Amount  to Loss (1)  Amount  to Loss (1)
                                                        -------- ----------- -------- -----------
                                                                      (In millions)              
                                                                                                 
Fixed maturity securities AFS:                                                                   
  Structured securities (RMBS, CMBS, and ABS) (2)......  $  662    $  662     $  670    $  670   
  U.S. and foreign corporate...........................      21        21         23        23   
Other limited partnership interests....................      19        20         14        15   
Equity securities AFS:                                                                           
  Non-redeemable preferred stock.......................      18        18         17        17   
                                                         ------    ------     ------    ------   
  Total................................................  $  720    $  721     $  724    $  725   
                                                         ======    ======     ======    ======   

--------                                                                        

(1)The maximum exposure to loss relating to fixed maturity and equity           
  securities AFS is equal to their carrying amounts or the carrying amounts of
retained interests. The maximum exposure to loss relating to other limited
partnership interests is equal to the carrying amounts plus any unfunded  
commitments of the Company. Such a maximum loss would be expected to occur
only upon bankruptcy of the issuer or investee.                           

(2)For these variable interests, the Company's involvement is limited to that   
of a passive investor.                                                    

As described in Note 11, the Company makes commitments to fund partnership
investments in the normal course of business. Excluding these commitments, the
Company did not provide financial or other support to investees designated as 
VIEs during the years ended December 31, 2013, 2012 and 2011.                 

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

Net Investment Income                                                           

The components of net investment income were as follows:                    

                                                                [Download Table]

                                                      Years Ended December 31,
                                                      ------------------------
                                                       2013     2012    2011  
                                                       ------  ------  ------ 
                                                         (In millions)        
                                                                              
Investment income:                                                            
  Fixed maturity securities.......................... $   94   $   98  $  104 
  Equity securities..................................      1        1       2 
  Mortgage loans.....................................     16       15      10 
  Policy loans.......................................      2        2       2 
  Other limited partnership interests................      4        1      -- 
  Cash, cash equivalents and short-term investments..      1       --      -- 
                                                       ------  ------  ------ 
   Subtotal..........................................    118      117     118 
  Less: Investment expenses..........................      4        4       4 
                                                       ------  ------  ------ 
       Net investment income......................... $  114   $  113  $  114 
                                                       ======  ======  ====== 

   See "-- Related Party Investment Transactions" for discussion of affiliated
net investment income and investment expenses.                              

Net Investment Gains (Losses)                                                   

Components of Net Investment Gains (Losses)                                   

The components of net investment gains (losses) were as follows:            

                                                        [Enlarge/Download Table]

                                                                             Years Ended December 31,
                                                                             ------------------------
                                                                             2013     2012     2011  
                                                                              -----   ------  ------ 
                                                                                (In millions)        
                                                                                                     
Total gains (losses) on fixed maturity securities:                                                   
  Total OTTI losses recognized -- by industry:                                                       
   U.S. and foreign corporate securities -- by industry:                                             
     Finance................................................................ $  --   $  (1)   $   -- 
     Utility................................................................    --      (1)       -- 
                                                                              -----   ------  ------ 
       Total U.S. and foreign corporate securities..........................    --      (2)       -- 
                                                                              -----   ------  ------ 
  OTTI losses on fixed maturity securities recognized in earnings...........    --      (2)       -- 
  Fixed maturity securities -- net gains (losses) on sales and disposals....     1      (2)      (5) 
                                                                              -----   ------  ------ 
   Total gains (losses) on fixed maturity securities........................     1      (4)      (5) 
                                                                              -----   ------  ------ 
       Total net investment gains (losses).................................. $   1   $  (4)   $  (5) 
                                                                              =====   ======  ====== 

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

Sales or Disposals and Impairments of Fixed Maturity and Equity Securities    

  Proceeds from sales or disposals of fixed maturity and equity securities and
the components of fixed maturity and equity securities net investment gains   
(losses) are as shown in the table below. Investment gains and losses on sales
of securities are determined on a specific identification basis.              

                                                        [Enlarge/Download Table]

                                                      Years Ended December 31,                       
                                     ----------------------------------------------------------------
                                      2013     2012     2011   2013  2012  2011   2013   2012   2011 
                                      ------   ------  ------  ----- ----- ----- ------ ------ ------
                                     Fixed Maturity Securities Equity Securities        Total        
                                     ------------------------- ----------------- --------------------
                                                            (In millions)                            
                                                                                                     
Proceeds............................ $  417   $  576   $  318  $  -- $   1 $   5 $  417 $  577 $  323
                                      ======   ======  ======  ===== ===== ===== ====== ====== ======
Gross investment gains.............. $    3   $    2   $    3  $  -- $  -- $  -- $    3 $    2 $    3
                                      ------   ------  ------  ----- ----- ----- ------ ------ ------
Gross investment losses.............    (2)      (4)      (8)     --    --    --    (2)    (4)    (8)
                                      ------   ------  ------  ----- ----- ----- ------ ------ ------
Total OTTI losses:                                                                                   
  Credit-related....................     --      (1)       --     --    --    --     --    (1)     --
  Other (1).........................     --      (1)       --     --    --    --     --    (1)     --
                                      ------   ------  ------  ----- ----- ----- ------ ------ ------
   Total OTTI losses................     --      (2)       --     --    --    --     --    (2)     --
                                      ------   ------  ------  ----- ----- ----- ------ ------ ------
    Net investment gains (losses)... $    1   $  (4)   $  (5)  $  -- $  -- $  -- $    1 $  (4) $  (5)
                                      ======   ======  ======  ===== ===== ===== ====== ====== ======

--------                                                                        

(1)Other OTTI losses recognized in earnings include impairments on fixed        
maturity securities where there is an intent to sell or it is more likely 
than not that the Company will be required to sell the security before    
recovery of the decline in estimated fair value.                          

Credit Loss Rollforward                                                       

The table below presents a rollforward of the cumulative credit loss      
component of OTTI loss recognized in earnings on fixed maturity securities    
still held for which a portion of the OTTI loss was recognized in OCI:        

                                                        [Enlarge/Download Table]

                                                                 Years Ended December 31,
                                                                 ------------------------
                                                                    2013         2012    
                                                                  ----------  ---------- 
                                                                     (In millions)       
                                                                                         
Balance at January 1,........................................... $        2   $        3 
Reductions:                                                                              
 Sales (maturities, pay downs or prepayments) during the period                          
   of securities previously impaired as credit loss OTTI........         --          (1) 
                                                                  ----------  ---------- 
Balance at December 31,......................................... $        2   $        2 
                                                                  ==========  ========== 

Related Party Investment Transactions                                         

The Company has an affiliated loan outstanding, which is included in other
invested assets, totaling $45 million at both years ended December 31, 2013   
and 2012. At December 31, 2011, the loan was outstanding with Exeter, an      
affiliate. During 2012, MetLife assumed this affiliated debt from Exeter. The 
loan is due on July 15, 2021, and bears interest, payable semi-annually, at   
5.64%. Net investment income from this loan was $3 million, $3 million and $1 
million for the years ended December 31, 2013, 2012 and 2011, respectively.   

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

5. Investments (continued)                                                      

The Company receives investment administrative services from an affiliate.
The related investment administrative service charges were $3 million for each
of the years ended December 31, 2013, 2012 and 2011.                          

6. Derivatives                                                                  

Accounting for Derivatives                                                      

See Note 1 for a description of the Company's accounting policies for       
derivatives and Note 7 for information about the fair value hierarchy for       
derivatives.                                                                    

Derivative Strategies                                                           

The Company is exposed to various risks relating to its ongoing business    
operations, including interest rate, foreign currency exchange rate, credit and 
equity. The Company uses a variety of strategies to manage these risks,         
including the use of derivatives.                                               

Derivatives are financial instruments whose values are derived from interest
rates, foreign currency exchange rates, credit spreads and/or other financial   
indices. Derivatives may be exchange-traded or contracted in the                
over-the-counter ("OTC") market. Certain of the Company's OTC derivatives are   
cleared and settled through central clearing counterparties ("OTC-cleared"),    
while others are bilateral contracts between two counterparties                 
("OTC-bilateral"). The types of derivatives the Company uses include swaps,     
futures and option contracts. To a lesser extent, the Company uses credit       
default swaps to synthetically replicate investment risks and returns which are 
not readily available in the cash market.                                       

Interest Rate Derivatives                                                     

The Company uses a variety of interest rate derivatives to reduce its     
exposure to changes in interest rates, including interest rate swaps and      
floors.                                                                       

  Interest rate swaps are used by the Company primarily to reduce market risks
from changes in interest rates and to alter interest rate exposure arising    
from mismatches between assets and liabilities (duration mismatches). In an   
interest rate swap, the Company agrees with another party to exchange, at     
specified intervals, the difference between fixed rate and floating rate      
interest amounts as calculated by reference to an agreed notional amount. The 
Company utilizes interest rate swaps in fair value and non-qualifying hedging 
relationships.                                                                

 The Company purchases interest rate floors primarily to protect its minimum
rate guarantee liabilities against declines in interest rates below a         
specified level. In certain instances, the Company locks in the economic      
impact of existing purchased floors by entering into offsetting written       
floors. The Company utilizes interest rate floors in non-qualifying hedging   
relationships.                                                                

  To a lesser extent, the Company uses interest rate futures in non-qualifying
hedging relationships.                                                        

Foreign Currency Exchange Rate Derivatives                                    

  The Company uses foreign currency swaps to reduce the risk from fluctuations
in foreign currency exchange rates associated with its assets denominated in  
foreign currencies. In a foreign currency swap transaction, the Company agrees
with another party to exchange, at specified intervals, the difference between
one currency and                                                              

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

6. Derivatives (continued)                                                      

another at a fixed exchange rate, generally set at inception, calculated by   
reference to an agreed upon notional amount. The notional amount of each      
currency is exchanged at the inception and termination of the currency swap by
each party. The Company utilizes foreign currency swaps in cash flow and      
non-qualifying hedging relationships.                                         

Credit Derivatives                                                            

The Company enters into purchased credit default swaps to hedge against   
credit-related changes in the value of its investments. In a credit default   
swap transaction, the Company agrees with another party to pay, at specified  
intervals, a premium to hedge credit risk. If a credit event occurs, as       
defined by the contract, the contract may be cash settled or it may be settled
gross by the delivery of par quantities of the referenced investment equal to 
the specified swap notional in exchange for the payment of cash amounts by the
counterparty equal to the par value of the investment surrendered. Credit     
events vary by type of issuer but typically include bankruptcy, failure to pay
debt obligations, repudiation, moratorium, or involuntary restructuring. In   
each case, payout on a credit default swap is triggered only after the Credit 
Derivatives Determinations Committee of the International Swaps and           
Derivatives Association, Inc. ("ISDA") deems that a credit event has occurred.
The Company utilizes credit default swaps in non-qualifying hedging           
relationships.                                                                

  The Company enters into written credit default swaps to synthetically create
credit investments that are either more expensive to acquire or otherwise     
unavailable in the cash markets. These transactions are a combination of a    
derivative and one or more cash instruments, such as U.S. Treasury securities,
agency securities or other fixed maturity securities. These credit default    
swaps are not designated as hedging instruments.                              

Primary Risks Managed by Derivatives                                            

The following table presents the gross notional amount, estimated fair value
and primary underlying risk exposure of the Company's derivatives, excluding    
embedded derivatives, held at:                                                  

                                                        [Enlarge/Download Table]

                                                                                           December 31,                          
                                                                      -----------------------------------------------------------
                                                                                 2013                          2012              
                                                                      ----------------------------- -----------------------------
                                                                               Estimated Fair Value          Estimated Fair Value
                                                                               --------------------          --------------------
                                                                      Notional                      Notional                     
                                    Primary Underlying Risk Exposure   Amount  Assets  Liabilities   Amount  Assets  Liabilities 
                                    --------------------------------  -------- ------  -----------  -------- ------  ----------- 
                                                                                           (In millions)                         
Derivatives Designated as Hedging Instruments                                                                                    
                                                                                                                                 
Fair value hedges:                                                                                                               
 Interest rate swaps............... Interest rate.................... $     10 $  --      $  --     $     12 $  --      $  --    
Cash flow hedges:                                                                                                                
 Foreign currency swaps............ Foreign currency exchange rate...       30     2          3           27     2          1    
                                                                      -------- -----      -----     -------- -----      -----    
    Total qualifying hedges......................................           40     2          3           39     2          1    
                                                                      -------- -----      -----     -------- -----      -----    
Derivatives Not Designated or Not Qualifying as Hedging Instruments                                                              
Interest rate swaps................ Interest rate....................      741    12         22          741     9          6    
Interest rate floors............... Interest rate....................    2,040     9          4        2,040    36         17    
Foreign currency swaps............. Foreign currency exchange rate...       37    --          5           23    --          1    
Credit default swaps--purchased.... Credit...........................        8    --         --            9    --         --    
Credit default swaps--written...... Credit...........................       20    --         --           22    --         --    
                                                                      -------- -----      -----     -------- -----      -----    
   Total non-designated or non-qualifying derivatives.............       2,846    21         31        2,835    45         24    
                                                                      -------- -----      -----     -------- -----      -----    
    Total........................................................     $  2,886 $  23      $  34     $  2,874 $  47      $  25    
                                                                      ======== =====      =====     ======== =====      =====    

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

6. Derivatives (continued)                                                      

 Based on notional amounts, a substantial portion of the Company's derivatives
was not designated or did not qualify as part of a hedging relationship at both 
December 31, 2013 and 2012. The Company's use of derivatives includes           
(i) derivatives that serve as macro hedges of the Company's exposure to various 
risks and that generally do not qualify for hedge accounting due to the         
criteria required under the portfolio hedging rules; (ii) derivatives that      
economically hedge insurance liabilities that contain mortality or morbidity    
risk and that generally do not qualify for hedge accounting because the lack of 
these risks in the derivatives cannot support an expectation of a highly        
effective hedging relationship; and (iii) written credit default swaps that are 
used to synthetically create credit investments and that do not qualify for     
hedge accounting because they do not involve a hedging relationship. For these  
non-qualified derivatives, changes in market factors can lead to the            
recognition of fair value changes in the statement of operations without an     
offsetting gain or loss recognized in earnings for the item being hedged.       

Net Derivative Gains (Losses)                                                   

The components of net derivative gains (losses) were as follows:            

                                                                [Download Table]

                                         Years Ended December 31,
                                         ----------------------  
                                           2013      2012   2011 
                                         --------   ------ ------
                                             (In millions)       
                                                                 
Derivatives and hedging gains (losses).. $   (27)   $   26 $   36
Embedded derivatives....................    (415)      303    290
                                         --------   ------ ------
  Total net derivative gains (losses)... $  (442)   $  329 $  326
                                         ========   ====== ======

The amount the Company recognized in net investment income from settlement  
payments related to qualifying hedges for the years ended December 31, 2013,    
2012 and 2011, was not significant.                                             

The Company recognized $26 million, $25 million and $14 million of net      
derivative gains (losses) from settlement payments related to non-qualifying    
hedges for the years ended December 31, 2013, 2012 and 2011, respectively.      

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

6. Derivatives (continued)                                                      

Non-Qualifying Derivatives and Derivatives for Purposes Other Than Hedging      

The following table presents the amount and location of gains (losses)      
recognized in income for derivatives that were not designated or qualifying as  
hedging instruments:                                                            

                                                                [Download Table]

                                                      Net      
                                                   Derivative  
                                                 Gains (Losses)
                                                 --------------
                                                 (In millions) 
                                                               
Year Ended December 31, 2013:                                  
  Interest rate derivatives.....................    $  (50)    
  Foreign currency exchange rate derivatives....        (4)    
  Credit derivatives -- purchased...............         --    
  Credit derivatives -- written.................         --    
                                                    -------    
   Total........................................    $  (54)    
                                                    =======    
Year Ended December 31, 2012:                                  
  Interest rate derivatives.....................    $     2    
  Foreign currency exchange rate derivatives....        (1)    
  Credit derivatives -- purchased...............         --    
  Credit derivatives -- written.................         --    
                                                    -------    
   Total........................................    $     1    
                                                    =======    
Year Ended December 31, 2011:                                  
  Interest rate derivatives.....................    $    22    
  Foreign currency exchange rate derivatives....         --    
  Credit derivatives -- purchased...............         --    
  Credit derivatives -- written.................          1    
                                                    -------    
   Total........................................    $    23    
                                                    =======    

Fair Value Hedges                                                               

The Company designates and accounts for interest rate swaps to convert fixed
rate assets to floating rate assets as fair value hedges when they have met the 
requirements of fair value hedging.                                             

The amounts recognized in net derivative gains (losses) representing the    
ineffective portion of all fair value hedges for each of the years ended        
December 31, 2013, 2012 and 2011 were not significant. Changes in the fair      
value of the derivatives and the hedged items recognized in net derivative      
gains (losses) were not significant for each of the years ended December 31,    
2013, 2012 and 2011.                                                            

All components of each derivative's gain or loss were included in the       
assessment of hedge effectiveness.                                              

Cash Flow Hedges                                                                

The Company designates and accounts for foreign currency swaps to hedge the 
foreign currency cash flow exposure of foreign currency denominated assets as   
cash flow hedges when they have met the requirements of cash flow hedging.      

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

6. Derivatives (continued)                                                      

In certain instances, the Company discontinued cash flow hedge accounting   
because the forecasted transactions were no longer probable of occurring. When  
such forecasted transactions are not probable of occurring within two months of 
the anticipated date, the Company reclassifies certain amounts from AOCI into   
net derivative gains (losses). For the year ended December 31, 2013 the amounts 
reclassified into net derivative gains (losses) related to such discontinued    
cash flow hedges were not significant. For both the years ended 2012 and 2011,  
there were no amounts reclassified into net derivative gains (losses) related   
to such discontinued cash flow hedges.                                          

There were no hedged forecasted transactions, other than the receipt or     
payment of variable interest payments, for the years ended December 31, 2013,   
2012 and 2011.                                                                  

At December 31, 2013 and 2012, the balance in AOCI associated with foreign  
currency swaps designated and qualifying as cash flow hedges was ($1) million   
and $1 million, respectively.                                                   

 For the years ended December 31, 2013, 2012 and 2011, there was ($2) million,
($1) million and $1 million of gains (losses) deferred in AOCI related to       
foreign currency swaps, respectively. For both the years ended December 31,     
2013 and 2012, the amounts reclassified to net derivative gains (losses)        
related to foreign currency swaps were not significant. For the year ended      
December 31, 2011, there were no amounts reclassified to net derivative gains   
(losses) related to foreign currency swaps. For the years ended December 31,    
2013, 2012 and 2011, there were no amounts reclassified to net investment       
income related to foreign currency swaps.                                       

For both the years ended December 31, 2013 and 2012, the amounts recognized 
in net derivative gains (losses) which represented the ineffective portion of   
all cash flow hedges were not significant. For the year ended December 31,      
2011, the Company did not recognize any net derivative gains (losses) which     
represented the ineffective portion of all cash flow hedges.                    

At December 31, 2013, ($1) million of deferred net gains (losses) on        
derivatives in AOCI was expected to be reclassified to earnings within the next 
12 months.                                                                      

All components of each derivative's gain or loss were included in the       
assessment of hedge effectiveness.                                              

Credit Derivatives                                                              

In connection with synthetically created credit investment transactions, the
Company writes credit default swaps for which it receives a premium to insure   
credit risk. Such credit derivatives are included within the non-qualifying     
derivatives and derivatives for purposes other than hedging table. If a credit  
event occurs, as defined by the contract, the contract may be cash settled or   
it may be settled gross by the Company paying the counterparty the specified    
swap notional amount in exchange for the delivery of par quantities of the      
referenced credit obligation. The Company's maximum amount at risk, assuming    
the value of all referenced credit obligations is zero, was $20 million and $22 
million at December 31, 2013 and 2012, respectively. The Company can terminate  
these contracts at any time through cash settlement with the counterparty at an 
amount equal to the then current fair value of the credit default swaps. At     
both December 31, 2013 and 2012, the amounts the Company would have received to 
terminate all of these contracts was not significant.                           

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

6. Derivatives (continued)                                                      

The following table presents the estimated fair value, maximum amount of    
future payments and weighted average years to maturity of written credit        
default swaps at:                                                               

                                                        [Enlarge/Download Table]

                                                                December 31,                                   
                              ---------------------------------------------------------------------------------
                                                2013                                     2012                  
                              ---------------------------------------- ----------------------------------------
                              Estimated      Maximum                   Estimated      Maximum                  
                              Fair Value Amount of Future   Weighted   Fair Value Amount of Future   Weighted  
Rating Agency Designation of  of Credit   Payments under    Average    of Credit   Payments under    Average   
Referenced                     Default    Credit Default    Years to    Default    Credit Default    Years to  
Credit Obligations (1)          Swaps       Swaps (2)     Maturity (3)   Swaps       Swaps (2)     Maturity (3)
----------------------------  ---------- ---------------- ------------ ---------- ---------------- ------------
                                     (In millions)                            (In millions)                    
                                                                                                               
Aaa/Aa/A                                                                                                       
Single name credit default                                                                                     
  swaps (corporate)..........  $     --      $     --          --       $     --      $      2         1.0     
Baa                                                                                                            
Credit default swaps                                                                                           
  referencing indices........        --            20         5.0             --            20         4.5     
                               --------      --------                   --------      --------                 
 Total.......................  $     --      $     20         5.0       $     --      $     22         4.2     
                               ========      ========                   ========      ========                 

--------                                                                        

(1)The rating agency designations are based on availability and the midpoint of 
 the applicable ratings among Moody's Investors Service ("Moody's"), S&P and
Fitch Ratings. If no rating is available from a rating agency, then an    
internally developed rating is used.                                      

(2)Assumes the value of the referenced credit obligations is zero.              

(3)The weighted average years to maturity of the credit default swaps is        
calculated based on weighted average notional amounts.                    

Credit Risk on Freestanding Derivatives                                         

The Company may be exposed to credit-related losses in the event of         
nonperformance by counterparties to derivatives. Generally, the current credit  
exposure of the Company's derivatives is limited to the net positive estimated  
fair value of derivatives at the reporting date after taking into consideration 
the existence of master netting or similar agreements and any collateral        
received pursuant to such agreements.                                           

The Company manages its credit risk related to derivatives by entering into 
transactions with creditworthy counterparties and establishing and monitoring   
exposure limits. The Company's OTC-bilateral derivative transactions are        
generally governed by ISDA Master Agreements which provide for legally          
enforceable set-off and close-out netting of exposures to specific              
counterparties in the event of early termination of a transaction, which        
includes, but is not limited to, events of default and bankruptcy. In the event 
of an early termination, the Company is permitted to set off receivables from   
the counterparty against payables to the same counterparty arising out of all   
included transactions. Substantially all of the Company's ISDA Master           
Agreements also include Credit Support Annex provisions which require both the  
pledging and accepting of collateral in connection with its OTC-bilateral       
derivatives.                                                                    

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

6. Derivatives (continued)                                                      

The Company's OTC-cleared derivatives are effected through central clearing 
counterparties and its exchange-traded derivatives are effected through         
regulated exchanges. Such positions are marked to market and margined on a      
daily basis, and the Company has minimal exposure to credit-related losses in   
the event of nonperformance by counterparties to such derivatives.              

 See Note 7 for a description of the impact of credit risk on the valuation of
derivatives.                                                                    

The estimated fair value of the Company's net derivative assets and net     
derivative liabilities after the application of master netting agreements and   
collateral was as follows at:                                                   

                                                        [Enlarge/Download Table]

                                                                           December 31, 2013  December 31, 2012 
Derivatives Subject to a Master Netting Arrangement or a Similar           ------------------ ------------------
Arrangement                                                                Assets Liabilities Assets Liabilities
----------------------------------------------------------------           ------ ----------- ------ -----------
                                                                                       (In millions)            
                                                                                                                
Gross estimated fair value of derivatives:                                                                      
  OTC-bilateral (1)....................................................... $  25     $  32    $   53    $  27   
  OTC-cleared (1).........................................................    --        --        --       --   
  Exchange-traded.........................................................    --        --        --       --   
                                                                           -----     -----    ------    -----   
   Total gross estimated fair value of derivatives (1)....................    25        32        53       27   
Amounts offset in the balance sheets......................................    --        --        --       --   
                                                                           -----     -----    ------    -----   
Estimated fair value of derivatives presented in the balance sheets (1)...    25        32        53       27   
Gross amounts not offset in the balance sheets:                                                                 
Gross estimated fair value of derivatives: (2)                                                                  
  OTC-bilateral...........................................................   (5)       (5)      (10)     (10)   
  OTC-cleared.............................................................    --        --        --       --   
  Exchange-traded.........................................................    --        --        --       --   
Cash collateral: (3)                                                                                            
  OTC-bilateral...........................................................  (17)        --      (42)       --   
  OTC-cleared.............................................................    --        --        --       --   
  Exchange-traded.........................................................    --        --        --       --   
Securities collateral: (4)                                                                                      
  OTC-bilateral...........................................................   (2)      (26)       (1)     (16)   
  OTC-cleared.............................................................    --        --        --       --   
  Exchange-traded.........................................................    --        --        --       --   
                                                                           -----     -----    ------    -----   
Net amount after application of master netting agreements and collateral.. $   1     $   1    $   --    $   1   
                                                                           =====     =====    ======    =====   

--------                                                                        

(1)At December 31, 2013 and 2012, derivative assets include income or expense   
  accruals reported in accrued investment income or in other liabilities of $2
million and $6 million, respectively, and derivative liabilities include  
  income or expense accruals reported in accrued investment income or in other
liabilities of ($2) million and $2 million, respectively.                 

(2)Estimated fair value of derivatives is limited to the amount that is subject 
to set-off and includes income or expense accruals.                       

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

6. Derivatives (continued)                                                      

(3)Cash collateral received is included in cash and cash equivalents,           
 short-term investments, or in fixed maturity securities, and the obligation
 to return it is included in payables for collateral under securities loaned
 and other transactions in the balance sheets. The receivable for the return
  of cash collateral provided by the Company is inclusive of initial margin on
exchange traded and OTC-cleared derivatives and is included in premiums,  
 reinsurance and other receivables in the balance sheets. The amount of cash
collateral offset in the table above is limited to the net estimated fair 
value of derivatives after application of netting agreements. At both     
 December 31, 2013 and 2012, the Company had not received or paid any excess
cash collateral.                                                          

(4)Securities collateral received by the Company is held in separate custodial  
accounts and is not recorded on the balance sheets. Subject to certain    
constraints, the Company is permitted by contract to sell or repledge this
  collateral, but at December 31, 2013 none of the collateral had been sold or
  repledged. Securities collateral pledged by the Company is reported in fixed
maturity securities in the balance sheets. Subject to certain constraints,
the counterparties are permitted by contract to sell or repledge this     
  collateral. The amount of securities collateral offset in the table above is
 limited to the net estimated fair value of derivatives after application of
 netting agreements and cash collateral. At both December 31, 2013 and 2012,
the Company received excess securities collateral with an estimated fair  
value of $1 million for its OTC-bilateral derivatives, which are not      
included in the table above due to the foregoing limitation. At both      
December 31, 2013 and 2012, the Company had provided no excess securities 
collateral for its OTC-bilateral derivatives, and had provided $1 million 
and $0, respectively, for its OTC- cleared derivatives, which are not     
included in the table above due to the foregoing limitation. At both      
December 31, 2013 and 2012, the Company did not pledge any securities     
collateral for its exchange-traded derivatives.                           

The Company's collateral arrangements for its OTC-bilateral derivatives     
generally require the counterparty in a net liability position, after           
considering the effect of netting agreements, to pledge collateral when the     
fair value of that counterparty's derivatives reaches a pre-determined          
threshold. Certain of these arrangements also include financial                 
strength-contingent provisions that provide for a reduction of these thresholds 
(on a sliding scale that converges toward zero) in the event of downgrades in   
the financial strength ratings of the Company and/or the credit ratings of the  
counterparty. In addition, certain of the Company's netting agreements for      
derivatives contain provisions that require both the Company and the            
counterparty to maintain a specific investment grade financial strength or      
credit rating from each of Moody's and S&P. If a party's financial strength or  
credit ratings were to fall below that specific investment grade financial      
strength or credit rating, that party would be in violation of these            
provisions, and the other party to the derivatives could terminate the          
transactions and demand immediate settlement and payment based on such party's  
reasonable valuation of the derivatives.                                        

The following table presents the estimated fair value of the Company's      
OTC-bilateral derivatives that are in a net liability position after            
considering the effect of netting agreements, together with the estimated fair  
value and balance sheet location of the collateral pledged. The table also      
presents the incremental collateral that the Company would be required to       
provide if there was a one notch downgrade in the Company's financial strength  
rating at the reporting date or if the Company's financial strength rating      
sustained a downgrade to a level that                                           

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

6. Derivatives (continued)                                                      

triggered full overnight collateralization or termination of the derivative     
position at the reporting date. OTC-bilateral derivatives that are not subject  
to collateral agreements are excluded from this table.                          

                                                        [Enlarge/Download Table]

                                    Estimated Fair Value of    Fair Value of Incremental Collateral    
                                     Collateral Provided:                 Provided Upon:               
                                    ----------------------- -------------------------------------------
                                                                                   Downgrade in the    
                                                                                 Company's Financial   
                                                                                   Strength Rating     
                                                                               to a Level that Triggers
                       Estimated                                One Notch           Full Overnight     
                     Fair Value of                             Downgrade in      Collateralization or  
                     Derivatives in                           the Company's          Termination       
                     Net Liability      Fixed Maturity      Financial Strength    of the Derivative    
                      Position (1)        Securities              Rating               Position        
                     -------------- ----------------------- ------------------ ------------------------
                                                       (In millions)                                   
                                                                                                       
December 31, 2013...    $    27             $    26              $    --                $    1         
December 31, 2012...    $    17             $    16              $    --                $    2         

--------                                                                        

(1)After taking into consideration the existence of netting agreements.         

Embedded Derivatives                                                            

The Company issues certain products or purchases certain investments that   
contain embedded derivatives that are required to be separated from their host  
contracts and accounted for as freestanding derivatives. These host contracts   
principally include: variable annuities with guaranteed minimum benefits,       
including GMWBs, GMABs and certain GMIBs; and affiliated ceded reinsurance of   
guaranteed minimum benefits related to GMWBs, GMABs and certain GMIBs.          

The following table presents the estimated fair value and balance sheet     
location of the Company's embedded derivatives that have been separated from    
their host contracts at:                                                        

                                                                [Download Table]

                                                                   December 31,  
                                                                  ---------------
                                        Balance Sheet Location      2013    2012 
                                       -------------------------- -------- ------
                                                                   (In millions) 
                                                                                 
Net embedded derivatives within asset                                            
  host contracts:                                                                
  Ceded guaranteed minimum benefits... Premiums, reinsurance and                 
                                       other receivables......... $    376 $  959
Net embedded derivatives within                                                  
  liability host contracts:                                                      
  Direct guaranteed minimum benefits.. PABs...................... $  (131) $   56

The following table presents changes in estimated fair value related to     
embedded derivatives:                                                           

                                                                [Download Table]

                                         Years Ended December 31,
                                         ----------------------  
                                           2013      2012   2011 
                                         --------   ------ ------
                                             (In millions)       
                                                                 
Net derivative gains (losses) (1), (2).. $  (415)   $  303 $  290

--------                                                                        

(1)The valuation of direct guaranteed minimum benefits includes a               
  nonperformance risk adjustment. The amounts included in net derivative gains
  (losses) in connection with this adjustment were ($6) million, ($26) million
and $29 million for the years ended December 31, 2013, 2012 and 2011,     
respectively. In addition,                                                

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

6. Derivatives (continued)                                                      

  the valuation of ceded guaranteed minimum benefits includes a nonperformance
risk adjustment. The amounts included in net derivative gains (losses) in 
connection with this adjustment were $42 million, $28 million and ($62)   
 million for the years ended December 31, 2013, 2012 and 2011, respectively.

(2)See Note 4 for discussion of affiliated net derivative gains (losses)        
included in the table above.                                              

7. Fair Value                                                                   

When developing estimated fair values, the Company considers three broad    
valuation techniques: (i) the market approach, (ii) the income approach, and    
(iii) the cost approach. The Company determines the most appropriate valuation  
technique to use, given what is being measured and the availability of          
sufficient inputs, giving priority to observable inputs. The Company            
categorizes its assets and liabilities measured at estimated fair value into a  
three-level hierarchy, based on the significant input with the lowest level in  
its valuation. The input levels are as follows:                                 

Level 1  Unadjusted quoted prices in active     
 markets for identical assets or
  liabilities. The Company defines
 active markets based on average
       trading volume for equity securities.
   The size of the bid/ask spread is
used as an indicator of market
activity for fixed maturity   
securities.                   

Level 2  Quoted prices in markets that are not  
      active or inputs that are observable
      either directly or indirectly. These
      inputs can include quoted prices for
     similar assets or liabilities other
       than quoted prices in Level 1, quoted
prices in markets that are not
     active, or other significant inputs
       that are observable or can be derived
     principally from or corroborated by
observable market data for    
    substantially the full term of the
assets or liabilities.        

Level 3  Unobservable inputs that are           
  supported by little or no market
     activity and are significant to the
       determination of estimated fair value
of the assets or liabilities. 
 Unobservable inputs reflect the
    reporting entity's own assumptions
   about the assumptions that market
       participants would use in pricing the
asset or liability.           

Financial markets are susceptible to severe events evidenced by rapid       
depreciation in asset values accompanied by a reduction in asset liquidity. The 
Company's ability to sell securities, or the price ultimately realized for      
these securities, depends upon the demand and liquidity in the market and       
increases the use of judgment in determining the estimated fair value of        
certain securities.                                                             

Considerable judgment is often required in interpreting market data to      
develop estimates of fair value, and the use of different assumptions or        
valuation methodologies may have a material effect on the estimated fair value  
amounts.                                                                        

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

Recurring Fair Value Measurements                                               

The assets and liabilities measured at estimated fair value on a recurring  
basis and their corresponding placement in the fair value hierarchy are         
presented below.                                                                

                                                        [Enlarge/Download Table]

                                                                           December 31, 2013            
                                                               -----------------------------------------
                                                                 Fair Value Hierarchy                   
                                                               -------------------------                

                                                                                         Total Estimated
                                                               Level 1  Level 2  Level 3   Fair Value   
                                                               ------- --------- ------- ---------------
                                                                             (In millions)              
                                                                                                        
Assets                                                                                                  
Fixed maturity securities:                                                                              
 U.S. corporate............................................... $   --  $     859 $   13     $     872   
 U.S. Treasury and agency.....................................    408         49     --           457   
 RMBS.........................................................     --        285     27           312   
 CMBS.........................................................     --        297     --           297   
 Foreign corporate............................................     --        185     44           229   
 ABS..........................................................     --         46      7            53   
 State and political subdivision..............................     --         19     --            19   
 Foreign government...........................................     --         11     --            11   
                                                               ------  --------- ------     ---------   
   Total fixed maturity securities............................    408      1,751     91         2,250   
                                                               ------  --------- ------     ---------   
Equity securities:                                                                                      
 Common stock.................................................     --         26     --            26   
 Non-redeemable preferred stock...............................     --         --     19            19   
                                                               ------  --------- ------     ---------   
   Total equity securities....................................     --         26     19            45   
                                                               ------  --------- ------     ---------   
Short-term investments........................................     14         61     --            75   
 Derivative assets: (1)                                                                                 
   Interest rate..............................................     --         21     --            21   
   Foreign currency exchange rate.............................     --          2     --             2   
                                                               ------  --------- ------     ---------   
    Total derivative assets...................................     --         23     --            23   
                                                               ------  --------- ------     ---------   
Net embedded derivatives within asset host contracts (2)......     --         --    376           376   
Separate account assets (3)...................................     --     12,033     --        12,033   
                                                               ------  --------- ------     ---------   
    Total assets.............................................. $  422  $  13,894 $  486     $  14,802   
                                                               ======  ========= ======     =========   
Liabilities                                                                                             
Derivative liabilities: (1)                                                                             
 Interest rate................................................ $   --  $      26 $   --     $      26   
 Foreign currency exchange rate...............................     --          8     --             8   
                                                               ------  --------- ------     ---------   
   Total derivative liabilities...............................     --         34     --            34   
                                                               ------  --------- ------     ---------   
Net embedded derivatives within liability host contracts (2)..     --         --  (131)         (131)   
                                                               ------  --------- ------     ---------   
   Total liabilities.......................................... $   --  $      34 $(131)     $    (97)   
                                                               ======  ========= ======     =========   

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

                                                        [Enlarge/Download Table]

                                                                              December 31, 2012               
                                                               -----------------------------------------------
                                                                    Fair Value Hierarchy                      
                                                               -------------------------------                
                                                                                               Total Estimated
                                                               Level 1    Level 2    Level 3     Fair Value   
                                                               -------- ----------- ---------- ---------------
                                                                                (In millions)                 
                                                                                                              
Assets                                                                                                        
Fixed maturity securities:                                                                                    
 U.S. corporate............................................... $     -- $       944 $       55   $       999  
 U.S. Treasury and agency.....................................      382          15         --           397  
 RMBS.........................................................       --         283         14           297  
 CMBS.........................................................       --         305         14           319  
 Foreign corporate............................................       --         180         42           222  
 ABS..........................................................       --          54         --            54  
 State and political subdivision..............................       --          20         --            20  
 Foreign government...........................................       --          12         --            12  
                                                               -------- ----------- ----------   -----------  
   Total fixed maturity securities............................      382       1,813        125         2,320  
                                                               -------- ----------- ----------   -----------  
Equity securities:                                                                                            
 Common stock.................................................       --          28         --            28  
 Non-redeemable preferred stock...............................       --          --         17            17  
                                                               -------- ----------- ----------   -----------  
   Total equity securities....................................       --          28         17            45  
                                                               -------- ----------- ----------   -----------  
Short-term investments........................................      116          23         --           139  
 Derivative assets: (1)                                                                                       
   Interest rate..............................................       --          45         --            45  
   Foreign currency exchange rate.............................       --           2         --             2  
                                                               -------- ----------- ----------   -----------  
    Total derivative assets...................................       --          47         --            47  
                                                               -------- ----------- ----------   -----------  
Net embedded derivatives within asset host contracts (2)......       --          --        959           959  
Separate account assets (3)...................................       --      11,072         --        11,072  
                                                               -------- ----------- ----------   -----------  
    Total assets.............................................. $    498 $    12,983 $    1,101   $    14,582  
                                                               ======== =========== ==========   ===========  
Liabilities                                                                                                   
Derivative liabilities: (1)                                                                                   
 Interest rate................................................ $     -- $        23 $       --   $        23  
 Foreign currency exchange rate...............................       --           2         --             2  
                                                               -------- ----------- ----------   -----------  
    Total derivative liabilities..............................       --          25         --            25  
                                                               -------- ----------- ----------   -----------  
Net embedded derivatives within liability host contracts (2)..       --          --         56            56  
                                                               -------- ----------- ----------   -----------  
    Total liabilities......................................... $     -- $        25 $       56   $        81  
                                                               ======== =========== ==========   ===========  

--------                                                                        

(1)Derivative assets are presented within other invested assets in the balance  
 sheets and derivative liabilities are presented within other liabilities in
the balance sheets. The amounts are presented gross in the tables above to
reflect the presentation in the balance sheets, but are presented net for 
  purposes of the rollforward in the Fair Value Measurements Using Significant
Unobservable Inputs (Level 3) tables.                                     

(2)Net embedded derivatives within asset host contracts are presented within    
premiums, reinsurance and other receivables in the balance sheets. Net    
embedded derivatives within liability host contracts are presented within 
PABs in the balance sheets.                                               

(3)Investment performance related to separate account assets is fully offset by 
corresponding amounts credited to contractholders whose liability is      
 reflected within separate account liabilities. Separate account liabilities
are set equal to the estimated fair value of separate account assets.     

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

The following describes the valuation methodologies used to measure assets  
and liabilities at fair value. The description includes the valuation           
techniques and key inputs for each category of assets or liabilities that are   
classified within Level 2 and Level 3 of the fair value hierarchy.              

Investments                                                                   

Valuation Controls and Procedures                                           

 On behalf of the Company and MetLife, Inc.'s Chief Investment Officer and
Chief Financial Officer, a pricing and valuation committee that is          
independent of the trading and investing functions and comprised of senior  
management, provides oversight of control systems and valuation policies for
securities, mortgage loans and derivatives. On a quarterly basis, this      
committee reviews and approves new transaction types and markets, ensures   
that observable market prices and market-based parameters are used for      
valuation, wherever possible, and determines that judgmental valuation      
adjustments, when applied, are based upon established policies and are      
 applied consistently over time. This committee also provides oversight of the
selection of independent third party pricing providers and the controls and 
procedures to evaluate third party pricing. Periodically, the Chief         
 Accounting Officer reports to the Audit Committee of MetLife, Inc.'s Board of
Directors regarding compliance with fair value accounting standards.        

The Company reviews its valuation methodologies on an ongoing basis and 
revises those methodologies when necessary based on changing market         
conditions. Assurance is gained on the overall reasonableness and consistent
 application of input assumptions, valuation methodologies and compliance with
fair value accounting standards through controls designed to ensure         
valuations represent an exit price. Several controls are utilized, including
certain monthly controls, which include, but are not limited to, analysis of
portfolio returns to corresponding benchmark returns, comparing a sample of 
executed prices of securities sold to the fair value estimates, comparing   
fair value estimates to management's knowledge of the current market,       
reviewing the bid/ask spreads to assess activity, comparing prices from     
multiple independent pricing services and ongoing due diligence to confirm  
that independent pricing services use market-based parameters. The process  
includes a determination of the observability of inputs used in estimated   
fair values received from independent pricing services or brokers by        
 assessing whether these inputs can be corroborated by observable market data.
The Company ensures that prices received from independent brokers, also     
 referred to herein as "consensus pricing," represent a reasonable estimate of
 fair value by considering such pricing relative to the Company's knowledge of
the current market dynamics and current pricing for similar financial       
instruments. While independent non-binding broker quotations are utilized,  
they are not used for a significant portion of the portfolio. For example,  
fixed maturity securities priced using independent non-binding broker       
quotations represent less than 1% of the total estimated fair value of fixed
 maturity securities and 2% of the total estimated fair value of Level 3 fixed
maturity securities.                                                        

  The Company also applies a formal process to challenge any prices received
from independent pricing services that are not considered representative of 
estimated fair value. If prices received from independent pricing services  
are not considered reflective of market activity or representative of       
 estimated fair value, independent non-binding broker quotations are obtained,
or an internally developed valuation is prepared. Internally developed      
valuations of current estimated fair value, which reflect internal estimates
of liquidity and nonperformance risks, compared with pricing received from  
 the independent pricing services, did not produce material differences in the
estimated fair values for the majority of the portfolio; accordingly,       
overrides were                                                              

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Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

not material. This is, in part, because internal estimates of liquidity and 
nonperformance risks are generally based on available market evidence and   
estimates used by other market participants. In the absence of such         
market-based evidence, management's best estimate is used.                  

Securities and Short-term Investments                                       

  When available, the estimated fair value of these financial instruments is
based on quoted prices in active markets that are readily and regularly     
obtainable. Generally, these are the most liquid of the Company's securities
holdings and valuation of these securities does not involve management's    
judgment.                                                                   

 When quoted prices in active markets are not available, the determination
of estimated fair value is based on market standard valuation methodologies,
giving priority to observable inputs. The significant inputs to the market  
standard valuation methodologies for certain types of securities with       
 reasonable levels of price transparency are inputs that are observable in the
market or can be derived principally from, or corroborated by, observable   
market data. When observable inputs are not available, the market standard  
valuation methodologies rely on inputs that are significant to the estimated
fair value that are not observable in the market or cannot be derived       
principally from, or corroborated by, observable market data. These         
unobservable inputs can be based in large part on management's judgment or  
estimation and cannot be supported by reference to market activity. Even    
 though these inputs are unobservable, management believes they are consistent
with what other market participants would use when pricing such securities  
and are considered appropriate given the circumstances.                     

Level 2 Valuation Techniques and Key Inputs:                                

This level includes securities priced principally by independent pricing
services using observable inputs. Short-term investments within this level  
are of a similar nature and class to the Level 2 fixed maturity securities  
and equity securities.                                                      

U.S. corporate and foreign corporate securities                           

These securities are principally valued using the market and income   
 approaches. Valuations are based primarily on quoted prices in markets that
  are not active, or using matrix pricing or other similar techniques that use
standard market observable inputs such as benchmark yields, spreads off   
benchmark yields, new issuances, issuer rating, duration, and trades of   
identical or comparable securities. Privately-placed securities are valued
 using matrix pricing methodologies using standard market observable inputs,
and inputs derived from, or corroborated by, market observable data       
including market yield curve, duration, call provisions, observable prices
and spreads for similar publicly traded or privately traded issues that   
incorporate the credit quality and industry sector of the issuer, and in  
certain cases, delta spread adjustments to reflect specific credit-related
issues.                                                                   

U.S. Treasury and agency securities                                       

These securities are principally valued using the market approach.    
Valuations are based primarily on quoted prices in markets that are not   
active, or using matrix pricing or other similar techniques using standard
 market observable inputs such as a benchmark U.S. Treasury yield curve, the
spread off the U.S. Treasury yield curve for the identical security and   
comparable securities that are actively traded.                           

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Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

Structured securities comprised of RMBS, CMBS and ABS                     

These securities are principally valued using the market and income   
approaches. Valuations are based primarily on matrix pricing, discounted  
cash flow methodologies or other similar techniques using standard market 
inputs, including spreads for actively traded securities, spreads off     
benchmark yields, expected prepayment speeds and volumes, current and     
 forecasted loss severity, rating, weighted average coupon, weighted average
maturity, average delinquency rates, geographic region, debt-service      
coverage ratios and issuance-specific information, including, but not     
  limited to: collateral type, payment terms of the underlying assets, payment
  priority within the tranche, structure of the security, deal performance and
vintage of loans.                                                         

State and political subdivision and foreign government securities         

These securities are principally valued using the market approach.    
  Valuations are based primarily on matrix pricing or other similar techniques
  using standard market observable inputs, including a benchmark U.S. Treasury
 yield or other yields, issuer ratings, broker-dealer quotes, issuer spreads
and reported trades of similar securities, including those within the same
sub-sector or with a similar maturity or credit rating.                   

Common stock                                                              

These securities are principally valued using the market approach.    
Valuations are based principally on observable inputs, including quoted   
prices in markets that are not considered active.                         

Level 3 Valuation Techniques and Key Inputs:                                

In general, securities classified within Level 3 use many of the same   
 valuation techniques and inputs as described previously for Level 2. However,
if key inputs are unobservable, or if the investments are less liquid and   
there is very limited trading activity, the investments are generally       
classified as Level 3. The use of independent non-binding broker quotations 
to value investments generally indicates there is a lack of liquidity or a  
lack of transparency in the process to develop the valuation estimates,     
generally causing these investments to be classified in Level 3.            

U.S. corporate and foreign corporate securities                           

   These securities, including financial services industry hybrid securities
classified within fixed maturity securities, are principally valued using 
the market approach. Valuations are based primarily on matrix pricing or  
other similar techniques that utilize unobservable inputs or inputs that  
cannot be derived principally from, or corroborated by, observable market 
data, including illiquidity premium, delta spread adjustments to reflect  
 specific credit-related issues, credit spreads; and inputs including quoted
  prices for identical or similar securities that are less liquid and based on
lower levels of trading activity than securities classified in Level 2.   
Certain valuations are based on independent non-binding broker quotations.

Structured securities comprised of RMBS, CMBS and ABS                     

These securities are principally valued using the market and income   
approaches. Valuations are based primarily on matrix pricing, discounted  
cash flow methodologies or other similar techniques that utilize          

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MetLife Investors Insurance Company 
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Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

inputs that are unobservable or cannot be derived principally from, or    
corroborated by, observable market data, including credit spreads. Below  
investment grade securities and sub-prime RMBS included in this level are 
valued based on inputs including quoted prices for identical or similar   
securities that are less liquid and based on lower levels of trading      
 activity than securities classified in Level 2. Certain of these valuations
are based on independent non-binding broker quotations.                   

Non-redeemable preferred stock                                            

   These securities, including financial services industry hybrid securities
  classified within equity securities, are principally valued using the market
and income approaches. Valuations are based primarily on matrix pricing,  
 discounted cash flow methodologies or other similar techniques using inputs
such as comparable credit rating and issuance structure. Certain of these 
 securities are valued based on inputs including quoted prices for identical
or similar securities that are less liquid and based on lower levels of   
trading activity than securities classified in Level 2 and independent    
non-binding broker quotations.                                            

Separate Account Assets                                                     

   Separate account assets are carried at estimated fair value and reported as
a summarized total on the balance sheets. The estimated fair value of       
separate account assets is based on the estimated fair value of the         
underlying assets. Separate account assets within the Company's separate    
accounts consist of mutual funds.                                           

Level 2 Valuation Techniques and Key Inputs:                                

These assets are comprised of certain mutual funds without readily      
determinable fair values, as prices are not published publicly. Valuation of
the mutual funds is based upon quoted prices or reported NAV provided by the
fund managers.                                                              

Derivatives                                                                   

The estimated fair value of derivatives is determined through the use of  
quoted market prices for exchange-traded derivatives or through the use of    
pricing models for OTC-bilateral and OTC-cleared derivatives. The             
determination of estimated fair value, when quoted market values are not      
available, is based on market standard valuation methodologies and inputs that
management believes are consistent with what other market participants would  
use when pricing such instruments. Derivative valuations can be affected by   
changes in interest rates, foreign currency exchange rates, financial indices,
credit spreads, default risk, nonperformance risk, volatility, liquidity and  
changes in estimates and assumptions used in the pricing models. The valuation
controls and procedures for derivatives are described in "-- Investments."    

The significant inputs to the pricing models for most OTC-bilateral and   
OTC-cleared derivatives are inputs that are observable in the market or can be
derived principally from, or corroborated by, observable market data.         
Significant inputs that are observable generally include: interest rates,     
foreign currency exchange rates, interest rate curves, credit curves and      
volatility. However, certain OTC-bilateral and OTC-cleared derivatives may    
rely on inputs that are significant to the estimated fair value that are not  
observable in the market or cannot be derived principally from, or            
corroborated by, observable market data. Significant inputs that are          
unobservable generally include references to emerging market currencies and   
inputs that are outside the observable portion of                             

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Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

the interest rate curve, credit curve, volatility or other relevant market    
measure. These unobservable inputs may involve significant management judgment
or estimation. Even though unobservable, these inputs are based on assumptions
deemed appropriate given the circumstances and management believes they are   
consistent with what other market participants would use when pricing such    
instruments.                                                                  

Most inputs for OTC-bilateral and OTC-cleared derivatives are mid-market  
inputs but, in certain cases, liquidity adjustments are made when they are    
deemed more representative of exit value. Market liquidity, as well as the use
of different methodologies, assumptions and inputs, may have a material effect
on the estimated fair values of the Company's derivatives and could materially
affect net income.                                                            

The credit risk of both the counterparty and the Company are considered in
determining the estimated fair value for all OTC-bilateral and OTC-cleared    
derivatives, and any potential credit adjustment is based on the net exposure 
by counterparty after taking into account the effects of netting agreements   
and collateral arrangements. The Company values its OTC-bilateral and         
OTC-cleared derivatives using standard swap curves which may include a spread 
to the risk free rate, depending upon specific collateral arrangements. This  
credit spread is appropriate for those parties that execute trades at pricing 
levels consistent with similar collateral arrangements. As the Company and its
significant derivative counterparties generally execute trades at such pricing
levels and hold sufficient collateral, additional credit risk adjustments are 
not currently required in the valuation process. The Company's ability to     
consistently execute at such pricing levels is in part due to the netting     
agreements and collateral arrangements that are in place with all of its      
significant derivative counterparties. An evaluation of the requirement to    
make additional credit risk adjustments is performed by the Company each      
reporting period.                                                             

Freestanding Derivatives                                                      

Level 2 Valuation Techniques and Key Inputs:                                

 This level includes all types of derivatives utilized by the Company with
the exception of exchange traded derivatives included within Level 1 and    
those derivatives with unobservable inputs as described in Level 3. These   
derivatives are principally valued using the income approach.               

Interest rate                                                             

   Non-option-based. Valuations are based on present value techniques, which
utilize significant inputs that may include the swap yield curve and basis
curves.                                                                   

    Option-based. Valuations are based on option pricing models, which utilize
significant inputs that may include the swap yield curve, basis curves and
interest rate volatility.                                                 

Foreign currency exchange rate                                            

   Non-option-based. Valuations are based on present value techniques, which
utilize significant inputs that may include the swap yield curve, basis   
curves, currency spot rates and cross currency basis curves.              

Embedded Derivatives                                                          

Embedded derivatives principally include certain direct variable annuity  
guarantees and certain affiliated ceded reinsurance agreements related to such
variable annuity guarantees. Embedded derivatives are recorded at estimated   
fair value with changes in estimated fair value reported in net income.       

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Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

  The Company issues certain variable annuity products with guaranteed minimum
benefits. GMWBs, GMABs and certain GMIBs contain embedded derivatives, which  
are measured at estimated fair value separately from the host variable annuity
contract, with changes in estimated fair value reported in net derivative     
gains (losses). These embedded derivatives are classified within PABs in the  
balance sheets.                                                               

  The fair value of these embedded derivatives, estimated as the present value
of projected future benefits minus the present value of projected future fees 
using actuarial and capital market assumptions including expectations         
concerning policyholder behavior, is calculated by the Company's actuarial    
department. The calculation is based on in-force business, and is performed   
using standard actuarial valuation software which projects future cash flows  
from the embedded derivative over multiple risk neutral stochastic scenarios  
using observable risk free rates.                                             

Capital market assumptions, such as risk free rates and implied           
volatilities, are based on market prices for publicly traded instruments to   
the extent that prices for such instruments are observable. Implied           
volatilities beyond the observable period are extrapolated based on observable
implied volatilities and historical volatilities. Actuarial assumptions,      
including mortality, lapse, withdrawal and utilization, are unobservable and  
are reviewed at least annually based on actuarial studies of historical       
experience.                                                                   

The valuation of these guarantee liabilities includes nonperformance risk 
adjustments and adjustments for a risk margin related to non-capital market   
inputs. The nonperformance adjustment is determined by taking into            
consideration publicly available information relating to spreads in the       
secondary market for MetLife's debt, including related credit default swaps.  
These observable spreads are then adjusted, as necessary, to reflect the      
priority of these liabilities and the claims paying ability of the issuing    
insurance subsidiaries compared to MetLife.                                   

 Risk margins are established to capture the non-capital market risks of the
instrument which represent the additional compensation a market participant   
would require to assume the risks related to the uncertainties of such        
actuarial assumptions as annuitization, premium persistency, partial          
withdrawal and surrenders. The establishment of risk margins requires the use 
of significant management judgment, including assumptions of the amount and   
cost of capital needed to cover the guarantees. These guarantees may be more  
costly than expected in volatile or declining equity markets. Market          
conditions including, but not limited to, changes in interest rates, equity   
indices, market volatility and foreign currency exchange rates; changes in    
nonperformance risk; and variations in actuarial assumptions regarding        
policyholder behavior, mortality and risk margins related to non-capital      
market inputs, may result in significant fluctuations in the estimated fair   
value of the guarantees that could materially affect net income.              

  The Company ceded, to an affiliated reinsurance company, the risk associated
with certain of the GMIBs, GMABs and GMWBs described above that are also      
accounted for as embedded derivatives. In addition to ceding risks associated 
with guarantees that are accounted for as embedded derivatives, the Company   
also cedes, to the same affiliated reinsurance company, certain directly      
written GMIBs that are accounted for as insurance (i.e., not as embedded      
derivatives), but where the reinsurance agreement contains an embedded        
derivative. These embedded derivatives are included within premiums,          
reinsurance and other receivables in the balance sheets with changes in       
estimated fair value reported in net derivative gains (losses). The value of  
the embedded derivatives on the ceded risk is determined using a methodology  
consistent with that described previously for the guarantees directly written 
by the Company with the exception of the input for nonperformance risk that   
reflects the credit of the reinsurer.                                         

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Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

Embedded Derivatives Within Asset and Liability Host Contracts              

Level 3 Valuation Techniques and Key Inputs:                                

Direct guaranteed minimum benefits                                        

These embedded derivatives are principally valued using the income    
approach. Valuations are based on option pricing techniques, which utilize
significant inputs that may include swap yield curve, currency exchange   
  rates and implied volatilities. These embedded derivatives result in Level 3
classification because one or more of the significant inputs are not      
observable in the market or cannot be derived principally from, or        
corroborated by, observable market data. Significant unobservable inputs  
generally include: the extrapolation beyond observable limits of the swap 
  yield curve and implied volatilities, actuarial assumptions for policyholder
behavior and mortality and the potential variability in policyholder      
  behavior and mortality, nonperformance risk and cost of capital for purposes
of calculating the risk margin.                                           

Reinsurance ceded on certain guaranteed minimum benefits                  

These embedded derivatives are principally valued using the income    
approach. The valuation techniques and significant market standard        
unobservable inputs used in their valuation are similar to those described
above in "-- Direct Guaranteed Minimum Benefits" and also include         
counterparty credit spreads.                                              

Transfers between Levels                                                      

Overall, transfers between levels occur when there are changes in the     
observability of inputs and market activity. Transfers into or out of any     
level are assumed to occur at the beginning of the period.                    

Transfers between Levels 1 and 2:                                           

 There were no transfers between Levels 1 and 2 for assets and liabilities
  measured at estimated fair value and still held at December 31, 2013 and 2012.

Transfers into or out of Level 3:                                           

Assets and liabilities are transferred into Level 3 when a significant  
input cannot be corroborated with market observable data. This occurs when  
market activity decreases significantly and underlying inputs cannot be     
 observed, current prices are not available, and/or when there are significant
variances in quoted prices, thereby affecting transparency. Assets and      
liabilities are transferred out of Level 3 when circumstances change such   
that a significant input can be corroborated with market observable data.   
This may be due to a significant increase in market activity, a specific    
event, or one or more significant input(s) becoming observable.             

  Transfers into Level 3 for fixed maturity securities were due primarily to
 a lack of trading activity, decreased liquidity and credit ratings downgrades
(e.g., from investment grade to below investment grade) which have resulted 
in decreased transparency of valuations and an increased use of independent 
non-binding broker quotations and unobservable inputs, such as illiquidity  
premiums, delta spread adjustments, or credit spreads.                      

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Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

 Transfers out of Level 3 for fixed maturity securities resulted primarily
from increased transparency of both new issuances that, subsequent to       
issuance and establishment of trading activity, became priced by independent
 pricing services and existing issuances that, over time, the Company was able
to obtain pricing from, or corroborate pricing received from, independent   
pricing services with observable inputs (such as observable spreads used in 
pricing securities) or increases in market activity and upgraded credit     
ratings.                                                                    

Assets and Liabilities Measured at Fair Value Using Significant Unobservable    
Inputs (Level 3)                                                                

The following table presents certain quantitative information about the     
significant unobservable inputs used in the fair value measurement, and the     
sensitivity of the estimated fair value to changes in those inputs, for the     
more significant asset and liability classes measured at fair value on a        
recurring basis using significant unobservable inputs (Level 3) at:             

                                                        [Enlarge/Download Table]

                                                                             December 31, 2013        
                       --------------------- --------------------------  --------------------------   
                            Valuation              Significant                             Weighted   
                            Techniques          Unobservable Inputs          Range        Average (1) 
                       --------------------- --------------------------  -------------    ----------- 
                                                                                                      
Fixed maturity securities: (3)                                                                        
 U.S. corporate and    Matrix pricing        Delta spread                                             
  foreign corporate...                         adjustments (4)            (10)  -     30        6     
                                             Illiquidity premium (4)        30  -     30       30     
                                             Credit spreads (4)                                       
                       Consensus pricing     Offered quotes (5)                                       
                       -------------------------------------------------------------------------------
RMBS                   Matrix pricing and    Credit spreads (4)                                       
                         discounted cash                                                              
                         flow                                               97  -    574      411     
                       Market pricing        Quoted prices (5)             100  -    100      100     
                       -------------------------------------------------------------------------------
CMBS                   Market pricing        Quoted prices (5)                                        
                       -------------------------------------------------------------------------------
ABS                    Market pricing        Quoted prices (5)              99  -     99       99     
                       Consensus pricing     Offered quotes (5)             99  -     99       99     
                       -------------------------------------------------------------------------------
Embedded derivatives:                                                                                 
 Direct and ceded      Option pricing        Mortality rates:                                         
  guaranteed             techniques                                                                   
  minimum                                                                                             
  benefits............                                                                                
                                                 Ages 0 - 40                 0% -   0.10%             
                                                 Ages 41 - 60             0.04% -   0.65%             
                                                 Ages 61 - 115            0.26% -    100%             
                                             Lapse rates:                                             
                                                 Durations 1 - 10         0.50% -    100%             
                                                 Durations 11 -20            3% -    100%             
                                                 Durations 21 -116           3% -    100%             
                                             Utilization rates              20% -     50%             
                                             Withdrawal rates             0.07% -     10%             
                                             Long-term equity                                         
                                               volatilities              17.40% -     25%             
                                             Nonperformance risk                                      
                                               spread                     0.03% -   0.44%             
                       -------------------------------------------------------------------------------
                                                        [Enlarge/Download Table]

                                                                             December 31, 2012           Impact of      
                       --------------------- --------------------------  --------------------------   Increase in Input 
                            Valuation              Significant                             Weighted     on Estimated    
                            Techniques          Unobservable Inputs          Range        Average (1)  Fair Value (2)   
                       --------------------- --------------------------  -------------    ----------- ----------------- 
                                                                                                                        
Fixed maturity securities: (3)                                                                                          
 U.S. corporate and    Matrix pricing        Delta spread                                                               
  foreign corporate...                         adjustments (4)              50  -    100       57        Decrease       
                                             Illiquidity premium (4)        30  -     30       30        Decrease       
                                             Credit spreads (4)             23  -    421      129        Decrease       
                       Consensus pricing     Offered quotes (5)            100  -    102      101        Increase       
                       -------------------------------------------------------------------------------------------------
RMBS                   Matrix pricing and    Credit spreads (4)                                                         
                         discounted cash                                                                                
                         flow                                              161  -    657      541      Decrease (6)     
                       Market pricing        Quoted prices (5)                                         Increase (6)     
                       -------------------------------------------------------------------------------------------------
CMBS                   Market pricing        Quoted prices (5)             100  -    100      100      Increase (6)     
                       -------------------------------------------------------------------------------------------------
ABS                    Market pricing        Quoted prices (5)                                         Increase (6)     
                       Consensus pricing     Offered quotes (5)                                        Increase (6)     
                       -------------------------------------------------------------------------------------------------
Embedded derivatives:                                                                                                   
 Direct and ceded      Option pricing        Mortality rates:                                                           
  guaranteed             techniques                                                                                     
  minimum                                                                                                               
  benefits............                                                                                                  
                                                 Ages 0 - 40                 0% -   0.10%              Decrease (7)     
                                                 Ages 41 - 60             0.05% -   0.64%              Decrease (7)     
                                                 Ages 61 - 115            0.32% -    100%              Decrease (7)     
                                             Lapse rates:                                                               
                                                 Durations 1 - 10         0.50% -    100%              Decrease (8)     
                                                 Durations 11 -20            3% -    100%              Decrease (8)     
                                                 Durations 21 -116           3% -    100%              Decrease (8)     
                                             Utilization rates              20% -     50%              Increase (9)     
                                             Withdrawal rates             0.07% -     10%                      (10)     
                                             Long-term equity                                                           
                                               volatilities              17.40% -     25%              Increase (11)    
                                             Nonperformance risk                                                        
                                               spread                     0.10% -   0.67%              Decrease (12)    
                       -------------------------------------------------------------------------------------------------

--------                                                                        

(1)The weighted average for fixed maturity securities is determined based on    
the estimated fair value of the securities.                               

(2)The impact of a decrease in input would have the opposite impact on the      
  estimated fair value. For embedded derivatives, changes to direct guaranteed
minimum benefits are based on liability positions and changes to ceded    
guaranteed minimum benefits are based on asset positions.                 

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Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

(3)Significant increases (decreases) in expected default rates in isolation     
would result in substantially lower (higher) valuations.                  

(4)Range and weighted average are presented in basis points.                    

(5)Range and weighted average are presented in accordance with the market       
convention for fixed maturity securities of dollars per hundred dollars of
par.                                                                      

(6)Changes in the assumptions used for the probability of default is            
  accompanied by a directionally similar change in the assumption used for the
loss severity and a directionally opposite change in the assumptions used 
for prepayment rates.                                                     

(7)Mortality rates vary by age and by demographic characteristics such as       
gender. Mortality rate assumptions are based on company experience. A     
mortality improvement assumption is also applied. For any given contract, 
mortality rates vary throughout the period over which cash flows are      
projected for purposes of valuing the embedded derivative.                

(8)Base lapse rates are adjusted at the contract level based on a comparison of 
the actuarially calculated guaranteed values and the current policyholder 
account value, as well as other factors, such as the applicability of any 
  surrender charges. A dynamic lapse function reduces the base lapse rate when
the guaranteed amount is greater than the account value as in the money   
contracts are less likely to lapse. Lapse rates are also generally assumed
to be lower in periods when a surrender charge applies. For any given     
contract, lapse rates vary throughout the period over which cash flows are
projected for purposes of valuing the embedded derivative.                

(9)The utilization rate assumption estimates the percentage of contract holders 
with a GMIB or lifetime withdrawal benefit who will elect to utilize the  
  benefit upon becoming eligible. The rates may vary by the type of guarantee,
  the amount by which the guaranteed amount is greater than the account value,
the contract's withdrawal history and by the age of the policyholder. For 
 any given contract, utilization rates vary throughout the period over which
cash flows are projected for purposes of valuing the embedded derivative. 

(10)The withdrawal rate represents the percentage of account balance that any   
  given policyholder will elect to withdraw from the contract each year. The
  withdrawal rate assumption varies by age and duration of the contract, and
also by other factors such as benefit type. For any given contract,     
withdrawal rates vary throughout the period over which cash flows are   
 projected for purposes of valuing the embedded derivative. For GMWBs, any
 increase (decrease) in withdrawal rates results in an increase (decrease)
in the estimated fair value of the guarantees. For GMABs and GMIBs, any 
   increase (decrease) in withdrawal rates results in a decrease (increase) in
the estimated fair value.                                               

(11)Long-term equity volatilities represent equity volatility beyond the period 
for which observable equity volatilities are available. For any given   
   contract, long-term equity volatility rates vary throughout the period over
which cash flows are projected for purposes of valuing the embedded     
derivative.                                                             

(12)Nonperformance risk spread varies by duration and by currency. For any      
  given contract, multiple nonperformance risk spreads will apply, depending
 on the duration of the cash flow being discounted for purposes of valuing
the embedded derivative.                                                

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

The following is a summary of the valuation techniques and significant      
unobservable inputs used in the fair value measurement of assets and            
liabilities classified within Level 3 that are not included in the preceding    
table. Generally, all other classes of securities classified within Level 3 use 
the same valuation techniques and significant unobservable inputs as previously 
described for Level 3 securities. This includes matrix pricing and discounted   
cash flow methodologies, inputs such as quoted prices for identical or similar  
securities that are less liquid and based on lower levels of trading activity   
than securities classified in Level 2, as well as independent non-binding       
broker quotations. The sensitivity of the estimated fair value to changes in    
the significant unobservable inputs for these other assets and liabilities is   
similar in nature to that described in the preceding table.                     

The following tables summarize the change of all assets and (liabilities)   
measured at estimated fair value on a recurring basis using significant         
unobservable inputs (Level 3):                                                  

                                                        [Enlarge/Download Table]

                                               Fair Value Measurements Using Significant Unobservable Inputs (Level 3)       
                                         ----------------------------------------------------------------------------------- 
                                              Fixed Maturity Securities:       Equity Securities:                            
                                         ------------------------------------- -----------------                             
                                                                                          Non-                               
                                                                                       redeemable                   Net      
                                           U.S.                 Foreign        Common  Preferred  Short-term     Embedded    
                                         Corporate RMBS  CMBS  Corporate  ABS  Stock     Stock    Investments Derivatives (6)
                                         --------- ----- ----- --------- ----- ------  ---------- ----------- ---------------
                                                                            (In millions)                                    
                                                                                                                             
Year Ended December 31, 2013:                                                                                                
Balance at January 1,...................   $  55   $  14 $  14   $  42   $  -- $  --     $  17       $  --        $  903     
Total realized/unrealized gains                                                                                              
 (losses) included in:                                                                                                       
 Net income (loss): (1), (2)............                                                                                     
  Net investment income.................      --      --    --      --      --    --        --          --            --     
  Net investment gains (losses).........      --      --    --      --      --    --        --          --            --     
  Net derivative gains (losses).........      --      --    --      --      --    --        --          --         (415)     
 OCI....................................      --      --    --       2      --    --         2          --            --     
Purchases (3)...........................       4      13    --      10       7    --        --          --            --     
Sales (3)...............................    (10)      --    --     (9)      --    --        --          --            --     
Issuances (3)...........................      --      --    --      --      --    --        --          --            --     
Settlements (3).........................      --      --    --      --      --    --        --          --            19     
Transfers into Level 3 (4)..............      --      --    --      --      --    --        --          --            --     
Transfers out of Level 3 (4)............    (36)      --  (14)     (1)      --    --        --          --            --     
                                           -----   ----- -----   -----   ----- -----     -----       -----        ------     
Balance at December 31,.................   $  13   $  27 $  --   $  44   $   7 $  --     $  19       $  --        $  507     
                                           =====   ===== =====   =====   ===== =====     =====       =====        ======     
Changes in unrealized gains (losses)                                                                                         
 included in net income (loss): (5)                                                                                          
 Net investment income..................   $  --   $  -- $  --   $  --   $  -- $  --     $  --       $  --        $   --     
 Net investment gains (losses)..........   $  --   $  -- $  --   $  --   $  -- $  --     $  --       $  --        $   --     
 Net derivative gains (losses)..........   $  --   $  -- $  --   $  --   $  -- $  --     $  --       $  --        $(402)     

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

                                                        [Enlarge/Download Table]

                                               Fair Value Measurements Using Significant Unobservable Inputs (Level 3)       
                                         ----------------------------------------------------------------------------------- 
                                              Fixed Maturity Securities:       Equity Securities:                            
                                         ------------------------------------- -----------------                             
                                                                                          Non-                               
                                                                                       redeemable                   Net      
                                           U.S.                 Foreign        Common  Preferred  Short-term     Embedded    
                                         Corporate RMBS  CMBS  Corporate  ABS  Stock     Stock    Investments Derivatives (6)
                                         --------- ----- ----- --------- ----- ------  ---------- ----------- ---------------
                                                                            (In millions)                                    
                                                                                                                             
Year Ended December 31, 2012:                                                                                                
Balance at January 1,...................   $  16   $  11 $  --   $   6   $   6 $  19     $  15       $  --        $  580     
Total realized/unrealized gains                                                                                              
 (losses) included in:                                                                                                       
 Net income (loss): (1), (2)............                                                                                     
  Net investment income.................      --      --    --      --      --    --        --          --            --     
  Net investment gains (losses).........      --      --    --      --      --    --        --          --            --     
  Net derivative gains (losses).........      --      --    --      --      --    --        --          --           303     
 OCI....................................       2       3    --      --      --    --         2          --            --     
Purchases (3)...........................      31      --    14      36      --    --        --          --            --     
Sales (3)...............................     (2)      --    --      --     (6)    --        --          --            --     
Issuances (3)...........................      --      --    --      --      --    --        --          --            --     
Settlements (3).........................      --      --    --      --      --    --        --          --            20     
Transfers into Level 3 (4)..............      11      --    --      --      --    --        --          --            --     
Transfers out of Level 3 (4)............     (3)      --    --      --      --  (19)        --          --            --     
                                           -----   ----- -----   -----   ----- -----     -----       -----        ------     
Balance at December 31,.................   $  55   $  14 $  14   $  42   $  -- $  --     $  17       $  --        $  903     
                                           =====   ===== =====   =====   ===== =====     =====       =====        ======     
Changes in unrealized gains (losses)                                                                                         
 included in net income (loss): (5)                                                                                          
 Net investment income..................   $  --   $  -- $  --   $  --   $  -- $  --     $  --       $  --        $   --     
 Net investment gains (losses)..........   $  --   $  -- $  --   $  --   $  -- $  --     $  --       $  --        $   --     
 Net derivative gains (losses)..........   $  --   $  -- $  --   $  --   $  -- $  --     $  --       $  --        $  309     

                                                        [Enlarge/Download Table]

                                             Fair Value Measurements Using Significant Unobservable Inputs (Level 3)       
                                       ----------------------------------------------------------------------------------- 
                                            Fixed Maturity Securities:       Equity Securities:                            
                                       ------------------------------------- -----------------                             
                                                                                        Non-                               
                                                                                     redeemable                   Net      
                                         U.S.                 Foreign        Common  Preferred  Short-term     Embedded    
                                       Corporate RMBS  CMBS  Corporate  ABS  Stock     Stock    Investments Derivatives (6)
                                       --------- ----- ----- --------- ----- ------  ---------- ----------- ---------------
                                                                          (In millions)                                    
                                                                                                                           
Year Ended December 31, 2011:                                                                                              
Balance at January 1,.................   $  22   $  11 $  --   $  25   $  19 $  10     $  15       $   9        $  269     
Total realized/unrealized gains                                                                                            
 (losses) included in:                                                                                                     
 Net income (loss): (1), (2)..........                                                                                     
  Net investment income...............      --      --    --      --      --    --        --          --            --     
  Net investment gains (losses).......      --      --    --     (3)      --    --        --          --            --     
  Net derivative gains (losses).......      --      --    --      --      --    --        --          --           290     
 OCI..................................       1      --    --       2       1    --        --          --            --     
Purchases (3).........................       2      --    --       6       5     9        --          --            --     
Sales (3).............................     (2)      --    --    (17)     (9)    --        --         (9)            --     
Issuances (3).........................      --      --    --      --      --    --        --          --            --     
Settlements (3).......................      --      --    --      --      --    --        --          --            21     
Transfers into Level 3 (4)............      --      --    --      --      --    --        --          --            --     
Transfers out of Level 3 (4)..........     (7)      --    --     (7)    (10)    --        --          --            --     
                                         -----   ----- -----   -----   ----- -----     -----       -----        ------     
Balance at December 31,...............   $  16   $  11 $  --   $   6   $   6 $  19     $  15       $  --        $  580     
                                         =====   ===== =====   =====   ===== =====     =====       =====        ======     
Changes in unrealized gains (losses)                                                                                       
 included in net income (loss): (5)                                                                                        
 Net investment income................   $  --   $  -- $  --   $  --   $  -- $  --     $  --       $  --        $   --     
 Net investment gains (losses)........   $  --   $  -- $  --   $  --   $  -- $  --     $  --       $  --        $   --     
 Net derivative gains (losses)........   $  --   $  -- $  --   $  --   $  -- $  --     $  --       $  --        $  293     

--------                                                                        

(1)Amortization of premium/discount is included within net investment income.   
Impairments charged to net income (loss) on securities are included in net
investment gains (losses). Lapses associated with net embedded derivatives
are included in net derivative gains (losses).                            

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

(2)Interest and dividend accruals, as well as cash interest coupons and         
dividends received, are excluded from the rollforward.                    

(3)Items purchased/issued and then sold/settled in the same period are excluded 
from the rollforward. Fees attributed to embedded derivatives are included
in settlements.                                                           

(4)Gains and losses, in net income (loss) and OCI, are calculated assuming      
transfers into and/or out of Level 3 occurred at the beginning of the     
period. Items transferred into and then out of Level 3 in the same period 
are excluded from the rollforward.                                        

(5)Changes in unrealized gains (losses) included in net income (loss) relate to 
assets and liabilities still held at the end of the respective periods.   

(6)Embedded derivative assets and liabilities are presented net for purposes of 
the rollforward.                                                          

Fair Value of Financial Instruments Carried at Other Than Fair Value            

 The following tables provide fair value information for financial instruments
that are carried on the balance sheet at amounts other than fair value. These   
tables exclude the following financial instruments: cash and cash equivalents,  
accrued investment income and payables for collateral under securities loaned   
and other transactions. The estimated fair value of the excluded financial      
instruments, which are primarily classified in Level 2 and, to a lesser extent, 
in Level 1, approximates carrying value as they are short-term in nature such   
that the Company believes there is minimal risk of material changes in interest 
rates or credit quality. All remaining balance sheet amounts excluded from the  
table below are not considered financial instruments subject to this disclosure.

 The carrying values and estimated fair values for such financial instruments,
and their corresponding placement in the fair value hierarchy, are summarized   
as follows at:                                                                  

                                                        [Enlarge/Download Table]

                                                       December 31, 2013                      
                                 -------------------------------------------------------------
                                                  Fair Value Hierarchy                        
                                    -      -----------------------------------                
                                 Carrying                                      Total Estimated
                                  Value        Level 1     Level 2     Level 3   Fair Value   
                                 --------- ----------- ----------- ----------- ---------------
                                                         (In millions)                        
                                                                                              
Assets                                                                                        
Mortgage loans.................. $     286  $     --     $    --    $     303     $    303    
Policy loans.................... $      27  $     --     $     3    $      39     $     42    
Other limited partnership                                                                     
 interests...................... $       1  $     --     $    --    $       1     $      1    
Other invested assets........... $      45  $     --     $    50    $      --     $     50    
Premiums, reinsurance and other                                                               
 receivables.................... $   1,258  $     --     $    --    $   1,359     $  1,359    
Other assets.................... $       5  $     --     $     5    $      --     $      5    
Liabilities                                                                                   
PABs............................ $   2,293  $     --     $    --    $   2,501     $  2,501    
Other liabilities............... $       1  $     --     $     1    $      --     $      1    

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

                                                        [Enlarge/Download Table]

                                                       December 31, 2012                      
                                 -------------------------------------------------------------
                                                  Fair Value Hierarchy                        
                                           -----------------------------------                
                                 Carrying                                      Total Estimated
                                  Value        Level 1     Level 2     Level 3   Fair Value   
                                 --------- ----------- ----------- ----------- ---------------
                                                         (In millions)                        
                                                                                              
Assets                                                                                        
Mortgage loans.................. $     284  $     --     $    --    $     307     $     307   
Policy loans.................... $      27  $     --     $     2    $      46     $      48   
Other limited partnership                                                                     
 interests...................... $       1  $     --     $    --    $       2     $       2   
Other invested assets........... $      45  $     --     $    57    $      --     $      57   
Premiums, reinsurance and other                                                               
 receivables.................... $   1,364  $     --     $    --    $   1,527     $   1,527   
Other assets.................... $       6  $     --     $     6    $      --     $       6   
Liabilities                                                                                   
PABs............................ $   2,431  $     --     $    --    $   2,788     $   2,788   
Other liabilities............... $       3  $     --     $     3    $      --     $       3   

 The methods, assumptions and significant valuation techniques and inputs used
to estimate the fair value of financial instruments are summarized as follows:  

Mortgage Loans                                                                

For mortgage loans, estimated fair value is primarily determined by       
estimating expected future cash flows and discounting them using current      
interest rates for similar mortgage loans with similar credit risk, or is     
determined from pricing for similar loans.                                    

Policy Loans                                                                  

Policy loans with fixed interest rates are classified within Level 3. The 
estimated fair values for these loans are determined using a discounted cash  
flow model applied to groups of similar policy loans determined by the nature 
of the underlying insurance liabilities. Cash flow estimates are developed by 
applying a weighted-average interest rate to the outstanding principal balance
of the respective group of policy loans and an estimated average maturity     
determined through experience studies of the past performance of policyholder 
repayment behavior for similar loans. These cash flows are discounted using   
current risk-free interest rates with no adjustment for borrower credit risk  
as these loans are fully collateralized by the cash surrender value of the    
underlying insurance policy. Policy loans with variable interest rates are    
classified within Level 2 and the estimated fair value approximates carrying  
value due to the absence of borrower credit risk and the short time period    
between interest rate resets, which presents minimal risk of a material change
in estimated fair value due to changes in market interest rates.              

Other Limited Partnership Interests                                           

The estimated fair values of these cost method investments are generally  
based on the Company's share of the NAV as provided in the financial          
statements of the investees. In certain circumstances, management may adjust  
the NAV by a premium or discount when it has sufficient evidence to support   
applying such adjustments.                                                    

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

7. Fair Value (continued)                                                       

Other Invested Assets                                                         

These other invested assets are principally comprised of loans to         
affiliates. The estimated fair value of loans to affiliates is determined by  
discounting the expected future cash flows using market interest rates        
currently available for instruments with similar terms and remaining          
maturities.                                                                   

Premiums, Reinsurance and Other Receivables                                   

Premiums, reinsurance and other receivables are principally comprised of  
certain amounts recoverable under reinsurance agreements.                     

Amounts recoverable under ceded reinsurance agreements, which the Company 
has determined do not transfer significant risk such that they are accounted  
for using the deposit method of accounting, have been classified as Level 3.  
The valuation is based on discounted cash flow methodologies using significant
unobservable inputs. The estimated fair value is determined using interest    
rates determined to reflect the appropriate credit standing of the assuming   
counterparty.                                                                 

Other Assets                                                                  

Other assets are comprised of a receivable for the reimbursable portion of
the estimated future guaranty liability that pertains to pre-acquisition      
business. With the exception of the receivable, other assets are not          
considered financial instruments subject to disclosure. Accordingly, the      
amount represents the receivable from an unaffiliated institution for which   
the estimated fair value was determined by discounting the expected future    
cash flows using a discount rate that reflects the credit standing of the     
unaffiliated institution.                                                     

PABs                                                                          

 These PABs include investment contracts. Embedded derivatives on investment
contracts and certain variable annuity guarantees accounted for as embedded   
derivatives are excluded from this caption in the preceding tables as they are
separately presented in "-- Recurring Fair Value Measurements."               

The investment contracts primarily include fixed deferred annuities and   
fixed term payout annuities. The valuation of these investment contracts is   
based on discounted cash flow methodologies using significant unobservable    
inputs. The estimated fair value is determined using current market risk-free 
interest rates adding a spread to reflect the nonperformance risk in the      
liability.                                                                    

Other Liabilities                                                             

Other liabilities consist of derivative payables and amounts due for      
securities purchased but not yet settled. The Company evaluates the specific  
terms, facts and circumstances of each instrument to determine the appropriate
estimated fair values, which are not materially different from the carrying   
values.                                                                       

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

8. Equity                                                                       

Statutory Equity and Income                                                     

Each U.S. insurance company's state of domicile imposes risk-based capital  
("RBC") requirements that were developed by the National Association of         
Insurance Commissioners ("NAIC"). Regulatory compliance is determined by a      
ratio of a company's total adjusted capital, calculated in the manner           
prescribed by the NAIC ("TAC") to its authorized control level RBC, calculated  
in the manner prescribed by the NAIC ("ACL RBC"). Companies below specific      
trigger points or ratios are classified within certain levels, each of which    
requires specified corrective action. The minimum level of TAC before           
corrective action commences is twice ACL RBC ("Company Action RBC"). The RBC    
ratio for the Company was in excess of 1,400% for all periods presented.        

The Company prepares statutory-basis financial statements in accordance with
statutory accounting practices prescribed or permitted by the insurance         
department of its state of domicile. The NAIC has adopted the Codification of   
Statutory Accounting Principles ("Statutory Codification"). Statutory           
Codification is intended to standardize regulatory accounting and reporting to  
state insurance departments. However, statutory accounting principles continue  
to be established by individual state laws and permitted practices.             
Modifications by state insurance departments may impact the effect of Statutory 
Codification on the statutory capital and surplus of the Company.               

 Statutory accounting principles differ from GAAP primarily by charging policy
acquisition costs to expense as incurred, establishing future policy benefit    
liabilities using different actuarial assumptions, reporting of reinsurance     
agreements and valuing securities on a different basis.                         

In addition, certain assets are not admitted under statutory accounting     
principles and are charged directly to surplus. The most significant assets not 
admitted by the Company are net deferred income tax assets resulting from       
temporary differences between statutory accounting principles basis and tax     
basis not expected to reverse and become recoverable within three years.        

 Statutory net income (loss) of the Company, a Missouri domiciled insurer, was
$111 million, $132 million and $94 million for the years ended December 31,     
2013, 2012 and 2011, respectively. Statutory capital and surplus was $666       
million and $704 million at December 31, 2013 and 2012, respectively. All such  
amounts are derived from the statutory-basis financial statements as filed with 
the Missouri State Department of Insurance.                                     

Dividend Restrictions                                                           

Under Missouri State Insurance Law, MLIIC is permitted, without prior       
insurance regulatory clearance, to pay a stockholder dividend to MetLife as     
long as the amount of the dividend when aggregated with all other dividends in  
the preceding 12 months does not exceed the greater of: (i) 10% of its surplus  
to policyholders as of the end of the immediately preceding calendar year; or   
(ii) its statutory net gain from operations for the immediately preceding       
calendar year (excluding net realized capital gains). MLIIC will be permitted   
to pay a dividend to MetLife in excess of the greater of such two amounts only  
if it files notice of the declaration of such a dividend and the amount thereof 
with the Missouri Director of Insurance (the "Missouri Director") and the       
Missouri Director either approves the distribution of the dividend or does not  
disapprove the distribution within 30 days of its filing. In addition, any      
dividend that exceeds earned surplus (defined by the Company as "unassigned     
funds (surplus)") as of the last filed annual statutory statement requires      
insurance regulatory approval. Under Missouri State Insurance Law, the Missouri 
Director has broad discretion in determining                                    

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

8. Equity (continued)                                                           

whether the financial condition of a stock life insurance company would support 
the payment of such dividends to its stockholders. During the years ended       
December 31, 2013 and 2012, MLIIC paid a dividend to MetLife of $129 million    
and $18 million, respectively. During the year ended December 31, 2011, MLIIC   
did not pay a dividend to MetLife. Based on amounts at December 31, 2013, MLIIC 
could pay a stockholder dividend in 2014 of $99 million without prior           
regulatory approval of the Missouri Director.                                   

Accumulated Other Comprehensive Income (Loss)                                   

Information regarding changes in the balances of each component of AOCI, net
of income tax, was as follows:                                                  

                                                        [Enlarge/Download Table]

                                                        Unrealized                            
                                                     Investment Gains     Unrealized          
                                                     (Losses), Net of   Gains (Losses)        
                                                    Related Offsets (1) on Derivatives  Total 
                                                    ------------------- -------------- -------
                                                                  (In millions)               
                                                                                              
Balance at December 31, 2010.......................       $    19          $     1     $    20
OCI before reclassifications.......................            19               --          19
Income tax expense (benefit).......................           (7)               --         (7)
                                                          -------          -------     -------
 OCI before reclassifications, net of income tax...            31                1          32
Amounts reclassified from AOCI.....................             4               --           4
Income tax expense (benefit).......................           (1)               --         (1)
                                                          -------          -------     -------
 Amounts reclassified from AOCI, net of income tax.             3               --           3
                                                          -------          -------     -------
Balance at December 31, 2011.......................            34                1          35
OCI before reclassifications.......................            61              (1)          60
Income tax expense (benefit).......................          (21)               --        (21)
                                                          -------          -------     -------
 OCI before reclassifications, net of income tax...            74               --          74
Amounts reclassified from AOCI.....................             3               --           3
Income tax expense (benefit).......................           (1)               --         (1)
                                                          -------          -------     -------
 Amounts reclassified from AOCI, net of income tax.             2               --           2
                                                          -------          -------     -------
Balance at December 31, 2012.......................            76               --          76
OCI before reclassifications.......................          (78)              (2)        (80)
Income tax expense (benefit).......................            27                1          28
                                                          -------          -------     -------
 OCI before reclassifications, net of income tax...            25              (1)          24
Amounts reclassified from AOCI.....................           (2)               --         (2)
Income tax expense (benefit).......................             1               --           1
                                                          -------          -------     -------
 Amounts reclassified from AOCI, net of income tax.           (1)               --         (1)
                                                          -------          -------     -------
Balance at December 31, 2013.......................       $    24          $   (1)     $    23
                                                          =======          =======     =======

--------                                                                        
(1)See Note 5 for information on offsets to investments related to insurance    
liabilities and DAC and VOBA.                                             

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

8. Equity (continued)                                                           

 Information regarding amounts reclassified out of each component of AOCI, was
as follows:                                                                     

                                                        [Enlarge/Download Table]

                                                                                          Statement of Operations and     
AOCI Components                                        Amounts Reclassified from AOCI Comprehensive Income (Loss) Location
----------------------------------------------------   ------------------------------ ------------------------------------
                                                        Years Ended December 31,                                          
                                                       ------------------------------                                     
                                                         2013       2012      2011                                        
                                                        --------  --------  --------                                      
                                                             (In millions)                                                
                                                                                                                          
Net unrealized investment gains (losses):                                                                                 
  Net unrealized investment gains (losses)............ $      1   $    (5)  $    (5)  Other net investment gains (losses) 
  Net unrealized investment gains (losses)............        1          2         1  Net investment income               
                                                        --------  --------  --------                                      
   Net unrealized investment gains (losses), before                                                                       
    income tax........................................        2        (3)       (4)                                      
   Income tax (expense) benefit.......................      (1)          1         1                                      
                                                        --------  --------  --------                                      
   Net unrealized investment gains (losses), net of                                                                       
    income tax........................................ $      1   $    (2)  $    (3)                                      
                                                        ========  ========  ========                                      
Total reclassifications, net of income tax............ $      1   $    (2)  $    (3)                                      
                                                        ========  ========  ========                                      

9. Other Expenses                                                               

Information on other expenses was as follows:                               

                                                                [Download Table]

                                  Years Ended December 31,
                                  ------------------------
                                   2013     2012    2011  
                                  -----    -----   -----  
                                    (In millions)         
                                                          
Compensation..................... $   5    $   9   $  10  
Commissions......................    50       57      68  
Volume-related costs.............    --        3       7  
Capitalization of DAC............   (6)     (19)    (34)  
Amortization of DAC and VOBA.....  (89)      148     172  
Premium taxes, licenses and fees.     3        1       6  
Other............................    26       30      30  
                                   -----    -----   ----- 
  Total other expenses........... $(11)    $ 229   $ 259  
                                   =====    =====   ===== 

Capitalization and Amortization of DAC and VOBA                                 

See Note 3 for additional information on DAC and VOBA including impacts of  
capitalization and amortization.                                                

Affiliated Expenses                                                             

  See Note 12 for discussion of affiliated expenses included in the table above.

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

10. Income Tax                                                                  

The provision for income tax was as follows:                              

                                                                [Download Table]

                                               Years Ended December 31,
                                               ------------------------
                                                 2013     2012    2011 
                                                -------  -----   ----- 
                                                  (In millions)        
                                                                       
Current:                                                               
 Federal...................................... $    38   $   8   $  24 
Deferred:                                                              
 Federal......................................   (105)      86      66 
                                                -------   -----  ----- 
   Provision for income tax expense (benefit). $  (67)   $  94   $  90 
                                                =======   =====  ===== 

  The reconciliation of the income tax provision at the U.S. statutory rate to
the provision for income tax as reported was as follows:                      

                                                                [Download Table]

                                            Years Ended December 31,
                                            ------------------------
                                              2013     2012    2011 
                                             -------  -----   ----- 
                                               (In millions)        
                                                                    
Tax provision at U.S. statutory rate....... $  (55)   $ 103   $ 107 
Tax effect of:                                                      
 Dividend received deduction...............    (12)    (11)    (13) 
 Prior year tax............................     (2)       3     (2) 
 Tax credits...............................     (1)     (1)     (2) 
 Other, net................................       3      --      -- 
                                             -------   -----  ----- 
Provision for income tax expense (benefit). $  (67)   $  94   $  90 
                                             =======   =====  ===== 

  Deferred income tax represents the tax effect of the differences between the
book and tax basis of assets and liabilities. Net deferred income tax assets  
and liabilities consisted of the following at:                                

                                                                [Download Table]

                                                    December 31,   
                                                  -----------------
                                                    2013     2012  
                                                  -------- --------
                                                    (In millions)  
                                                                   
Deferred income tax assets:                                        
 Investments, including derivatives.............. $      9 $     --
 Tax credit carryforwards........................        5       --
 Other, net......................................        2         
                                                  -------- --------
   Total deferred income tax assets..............       16       --
Deferred income tax liabilities:                                   
 Policyholder liabilities and receivables........      110      234
 DAC and VOBA....................................       86       33
 Net unrealized investment gains.................       11       40
 Investments, including derivatives..............       --       18
 Other...........................................        1        1
                                                  -------- --------
   Total deferred income tax liabilities.........      208      326
                                                  -------- --------
     Net deferred income tax asset (liability)... $  (192) $  (326)
                                                  ======== ========

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

10. Income Tax (continued)                                                      

Tax credit carryforwards of $5 million at December 31, 2013 will expire   
beginning in 2021.                                                            

The Company participates in a tax sharing agreement with MetLife, as      
described in Note 1. Pursuant to this tax sharing agreement, the amounts due  
from affiliates include $18 million and $8 million at December 31, 2013 and   
2012, respectively. The amounts due to affiliates include $8 million at       
December 31, 2011.                                                            

The Company files income tax returns with the U.S. federal government and 
various state and local jurisdictions. The Company is under continuous        
examination by the Internal Revenue Service ("IRS") and other tax authorities 
in jurisdictions in which the Company has significant business operations. The
income tax years under examination vary by jurisdiction. The Company is no    
longer subject to U.S. federal, state or local income tax examinations in     
major taxing jurisdictions for years prior to 2006. The IRS audit cycle for   
the year 2006, which began in April 2010, is expected to conclude in 2014.    

It is not expected that there will be a material change in the Company's  
liability for unrecognized tax benefits in the next 12 months.                

A reconciliation of the beginning and ending amount of unrecognized tax   
benefits was as follows:                                                      

                                                        [Enlarge/Download Table]

                                                                                  Year Ended    
                                                                               December 31, 2013
                                                                               -----------------
                                                                                 (In millions)  
                                                                                                
Balance at January 1,.........................................................     $     --     
Additions for tax positions of prior years....................................            3     
                                                                                   --------     
Balance at December 31,.......................................................     $      3     
                                                                                   ========     
Unrecognized tax benefits that, if recognized would impact the effective rate.     $      3     
                                                                                   ========     

There were no unrecognized tax benefits at December 31, 2012 and 2011.    

  The Company classifies interest accrued related to unrecognized tax benefits
in interest expense, included within other expenses, while penalties are      
included in income tax expense.                                               

Interest was as follows:                                                  

                                                                [Download Table]

                                                                 Year Ended    
                                                              December 31, 2013
                                                              -----------------
                                                                (In millions)  
                                                                               
Interest recognized in the statements of operations..........     $      1     

                                                              December 31, 2013
                                                              -----------------
                                                                (In millions)  
Interest included in other liabilities in the balance sheets.     $      1     

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

10. Income Tax (continued)                                                      

There was no interest recognized in the statements of operations for the  
years ended December 31, 2012 and 2011. There was no interest included in     
other liabilities in the balance sheets at December 31, 2012.                 

  The Company had no penalties for the years ended December 31, 2013, 2012 and
2011.                                                                         

 The U.S. Treasury Department and the IRS have indicated that they intend to
address through regulations the methodology to be followed in determining the 
dividends received deduction ("DRD"), related to variable life insurance and  
annuity contracts. The DRD reduces the amount of dividend income subject to   
tax and is a significant component of the difference between the actual tax   
expense and expected amount determined using the federal statutory tax rate of
35%. Any regulations that the IRS ultimately proposes for issuance in this    
area will be subject to public notice and comment, at which time insurance    
companies and other interested parties will have the opportunity to raise     
legal and practical questions about the content, scope and application of such
regulations. As a result, the ultimate timing and substance of any such       
regulations are unknown at this time. For the years ended December 31, 2013   
and 2012, the Company recognized an income tax benefit of $14 million and $8  
million, respectively, related to the separate account DRD. The 2013 benefit  
included a benefit of $2 million related to a true-up of the 2012 tax return. 
The 2012 benefit included an expense of $3 million related to a true-up of the
2011 tax return.                                                              

11. Contingencies, Commitments and Guarantees                                   

Contingencies                                                                   

Litigation                                                                    

Unclaimed Property Inquiries                                                

  In April 2012, MetLife, for itself and on behalf of entities including the
Company, reached agreements with representatives of the U.S. jurisdictions  
that were conducting audits of MetLife and certain of its affiliates for    
compliance with unclaimed property laws, and with state insurance regulators
directly involved in a multistate targeted market conduct examination       
relating to claim-payment practices and compliance with unclaimed property  
laws. At least one other jurisdiction is pursuing a market conduct          
examination. It is possible that other jurisdictions may pursue similar     
examinations or audits and that such actions may result in additional       
payments to beneficiaries, additional escheatment of funds deemed abandoned 
under state laws, administrative penalties, interest, and/or further changes
to the Company's procedures. The Company is not currently able to estimate  
these additional possible costs.                                            

Sales Practices Claims                                                      

Over the past several years, the Company has faced claims and regulatory
inquiries and investigations, alleging improper marketing or sales of       
individual life insurance policies, annuities, mutual funds or other        
products. The Company continues to vigorously defend against the claims in  
these matters. The Company believes adequate provision has been made in its 
financial statements for all probable and reasonably estimable losses for   
sales practices matters.                                                    

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

11. Contingencies, Commitments and Guarantees (continued)                       

Summary                                                                     

   Various litigation, claims and assessments against the Company, have arisen
in the course of the Company's business, including, but not limited to, in  
connection with its activities as an insurer, employer, investor, investment
advisor, and taxpayer. Further, state insurance regulatory authorities and  
other federal and state authorities regularly make inquiries and conduct    
investigations concerning the Company's compliance with applicable insurance
and other laws and regulations.                                             

It is not possible to predict the ultimate outcome of all pending       
investigations and legal proceedings. In some of the matters, very large    
and/or indeterminate amounts, including punitive and treble damages, are    
sought. Although in light of these considerations it is possible that an    
adverse outcome in certain cases could have a material effect upon the      
Company's financial position, based on information currently known by the   
Company's management, in its opinion, the outcomes of such pending          
investigations and legal proceedings are not likely to have such an effect. 
However, given the large and/or indeterminate amounts sought in certain of  
 these matters and the inherent unpredictability of litigation, it is possible
that an adverse outcome in certain matters could, from time to time, have a 
material effect on the Company's net income or cash flows in particular     
annual periods.                                                             

Insolvency Assessments                                                        

Most of the jurisdictions in which the Company is admitted to transact    
business require insurers doing business within the jurisdiction to           
participate in guaranty associations, which are organized to pay contractual  
benefits owed pursuant to insurance policies issued by impaired, insolvent or 
failed insurers. These associations levy assessments, up to prescribed limits,
on all member insurers in a particular state on the basis of the proportionate
share of the premiums written by member insurers in the lines of business in  
which the impaired, insolvent or failed insurer engaged. Some states permit   
member insurers to recover assessments paid through full or partial premium   
tax offsets. Assets and liabilities held for insolvency assessments were as   
follows:                                                                      

                                                                [Download Table]

                                                          December 31,  
                                                         ---------------
                                                          2013    2012  
                                                         ------- -------
                                                          (In millions) 
                                                                        
Other Assets:                                                           
 Premium tax offset for future undiscounted assessments. $     1 $     1
 Receivable for reimbursement of paid assessments (1)...       5       6
                                                         ------- -------
                                                         $     6 $     7
                                                         ======= =======
Other Liabilities:                                                      
 Insolvency assessments................................. $     6 $     8
                                                         ======= =======

--------                                                                        

(1)The Company holds a receivable from the seller of a prior acquisition in     
accordance with the purchase agreement.                                   

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

11. Contingencies, Commitments and Guarantees (continued)                       

Commitments                                                                     

Commitments to Fund Partnership Investments                                   

 The Company makes commitments to fund partnership investments in the normal
course of business. The amounts of these unfunded commitments were $7 million 
and $9 million at December 31, 2013 and 2012, respectively. The Company       
anticipates that these amounts will be invested in partnerships over the next 
five years.                                                                   

Mortgage Loan Commitments                                                     

The Company commits to lend funds under mortgage loan commitments. The    
amounts of these mortgage loan commitments were $6 million and $1 million at  
December 31, 2013 and 2012, respectively.                                     

Commitments to Fund Private Corporate Bond Investments                        

 The Company commits to lend funds under private corporate bond investments.
The amounts of these unfunded commitments were $14 million and $13 million at 
December 31, 2013 and 2012, respectively.                                     

Guarantees                                                                      

In the normal course of its business, the Company has provided certain      
indemnities, guarantees and commitments to third parties such that it may be    
required to make payments now or in the future. In the context of acquisition,  
disposition, investment and other transactions, the Company has provided        
indemnities and guarantees, including those related to tax, environmental and   
other specific liabilities, and other indemnities and guarantees that are       
triggered by, among other things, breaches of representations, warranties or    
covenants provided by the Company. In addition, in the normal course of         
business, the Company provides indemnifications to counterparties in contracts  
with triggers similar to the foregoing, as well as for certain other            
liabilities, such as third-party lawsuits. These obligations are often subject  
to time limitations that vary in duration, including contractual limitations    
and those that arise by operation of law, such as applicable statutes of        
limitation. In some cases, the maximum potential obligation under the           
indemnities and guarantees is subject to a contractual limitation, while in     
other cases such limitations are not specified or applicable. Since certain of  
these obligations are not subject to limitations, the Company does not believe  
that it is possible to determine the maximum potential amount that could become 
due under these guarantees in the future. Management believes that it is        
unlikely the Company will have to make any material payments under these        
indemnities, guarantees, or commitments.                                        

In addition, the Company indemnifies its directors and officers as provided 
in its charters and by-laws. Also, the Company indemnifies its agents for       
liabilities incurred as a result of their representation of the Company's       
interests. Since these indemnities are generally not subject to limitation with 
respect to duration or amount, the Company does not believe that it is possible 
to determine the maximum potential amount that could become due under these     
indemnities in the future.                                                      

The Company had no liability for indemnities, guarantees and commitments at 
both December 31, 2013 and 2012.                                                

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MetLife Investors Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Financial Statements -- (Continued)  

12. Related Party Transactions                                                  

Service Agreements                                                              

The Company has entered into various agreements with affiliates for services
necessary to conduct its activities. Typical services provided under these      
agreements include management, policy administrative functions, personnel,      
investment advice and distribution services. For certain agreements, charges    
are based on various performance measures or activity-based costing. The bases  
for such charges are modified and adjusted by management when necessary or      
appropriate to reflect fairly and equitably the actual incidence of cost        
incurred by the Company and/or affiliate. Expenses incurred with affiliates     
related to these agreements, recorded in other expenses, were $78 million, $53  
million and $76 million for the years ended December 31, 2013, 2012 and 2011,   
respectively. Revenues received from affiliates related to these agreements,    
recorded in universal life and investment-type product policy fees, were $38    
million, $34 million and $32 million for the years ended December 31, 2013,     
2012 and 2011, respectively. Revenues received from affiliates related to these 
agreements, recorded in fees on ceded reinsurance and other, were $25 million,  
$24 million and $26 million for the years ended December 31, 2013, 2012 and     
2011, respectively.                                                             

The Company had net receivables from affiliates, related to the items       
discussed above, of $4 million and $2 million at December 31, 2013 and 2012,    
respectively.                                                                   

See Notes 4 and 5 for additional information on related party transactions. 

13. Subsequent Event                                                            

The Company has evaluated events subsequent to December 31, 2013, through   
March 31, 2014, which is the date these financial statements were available to  
be issued, and has determined there are no material subsequent events requiring 
adjustment to or disclosure in the financial statements.                        

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EXETER REASSURANCE COMPANY, LTD.  

FINANCIAL STATEMENTS  

AS OF DECEMBER 31, 2013 AND 2012 AND FOR THE YEARS ENDED  
DECEMBER 31, 2013, 2012 AND 2011 (AS RESTATED)  
AND INDEPENDENT AUDITORS' REPORT  

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INDEPENDENT AUDITORS' REPORT  

To the Board of Directors and Stockholder of                                    
Exeter Reassurance Company, Ltd.:                                               

We have audited the accompanying financial statements of Exeter Reassurance     
Company, Ltd. (a wholly-owned subsidiary of MetLife, Inc.) (the "Company"),     
which comprise the balance sheets as of December 31, 2013 and 2012, and the     
related statements of operations, comprehensive income (loss), stockholder's    
equity, and cash flows for each of the three years in the period ended December 
31, 2013, and the related notes to the financial statements.                    

MANAGEMENT'S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS                        

Management is responsible for the preparation and fair presentation of these    
financial statements in accordance with accounting principles generally         
accepted in the United States of America; this includes the design,             
implementation, and maintenance of internal control relevant to the preparation 
and fair presentation of financial statements that are free from material       
misstatement, whether due to fraud or error.                                    

AUDITORS' RESPONSIBILITY                                                        

Our responsibility is to express an opinion on these financial statements based 
on our audits. We conducted our audits in accordance with auditing standards    
generally accepted in the United States of America. Those standards require     
that we plan and perform the audit to obtain reasonable assurance about whether 
the financial statements are free from material misstatement.                   

An audit involves performing procedures to obtain audit evidence about the      
amounts and disclosures in the financial statements. The procedures selected    
depend on the auditor's judgment, including the assessment of the risks of      
material misstatement of the financial statements, whether due to fraud or      
error. In making those risk assessments, the auditor considers internal control 
relevant to the Company's preparation and fair presentation of the financial    
statements in order to design audit procedures that are appropriate in the      
circumstances, but not for the purpose of expressing an opinion on the          
effectiveness of the Company's internal control. Accordingly, we express no     
such opinion. An audit also includes evaluating the appropriateness of          
accounting policies used and the reasonableness of significant accounting       
estimates made by management, as well as evaluating the overall presentation of 
the financial statements.                                                       

We believe that the audit evidence we have obtained is sufficient and           
appropriate to provide a basis for our audit opinion.                           

OPINION                                                                         

In our opinion, the financial statements referred to above present fairly, in   
all material respects, the financial position of Exeter Reassurance Company,    
Ltd. as of December 31, 2013 and 2012, and the results of its operations and    
its cash flows for each of the three years in the period ended December 31,     
2013, in accordance with accounting principles generally accepted in the United 
States of America.                                                              

EMPHASIS OF MATTER                                                              

As discussed in Note 1 to the financial statements, the accompanying financial  
statements have been restated to correct misstatements on the 2013, 2012 and    
2011 statements of cash flows. Our opinion is not modified with respect to this 
matter.                                                                         

OTHER MATTERS                                                                   

In our report dated April 2, 2014 on the previously issued 2012 financial       
statements filed with the Cayman Islands Monetary Authority ("CIMA"), we        
expressed an opinion that the Company's 2012 balance sheet did not fairly       
present insurance liabilities and, accordingly, did not conform to the          
presentation required under accounting principles generally accepted in the     
United States of America. That presentation was based on practices prescribed   
or permitted by CIMA. As noted in Note 1, in these general purpose financial    
statements, the Company has changed its presentation of insurance liabilities   
to conform to accounting principles generally accepted in the United States of  
America. Accordingly, our present opinion on the 2012 financial statements, as  
presented herein, is different from that expressed in our previous report.      

In addition, results of the Company may not be indicative of those of a         
stand-alone entity, as the Company is a member of a controlled group of         
affiliated companies.                                                           

/s/ DELOITTE & TOUCHE LLP                                                       
Certified Public Accountants                                                    
Princeton, New Jersey                                                           
April 2, 2014                                                                   
(October 27, 2014 as to Note 1 related to the restatements and November 7, 2014 
as to Note 14)                                                                  

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EXETER REASSURANCE COMPANY, LTD.  

BALANCE SHEETS  
DECEMBER 31, 2013 AND 2012  

(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA) 

                                                        [Enlarge/Download Table]

                                                                                                           2013      
                                                                                                      ---------------
                                                                                                                     
ASSETS                                                                                                               
Investments:                                                                                                         
  Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $1,311,922                  
   and $1,719,913, respectively)..................................................................... $     1,321,081
  Short-term investments, at estimated fair value....................................................       2,781,282
  Derivative assets..................................................................................       2,375,499
  Funds withheld at interest.........................................................................       2,694,267
                                                                                                      ---------------
   Total investments.................................................................................       9,172,129
Cash and cash equivalents............................................................................         629,616
Accrued investment income............................................................................          94,238
Premiums, reinsurance and other receivables..........................................................         645,814
Deferred policy acquisition costs....................................................................         159,820
Current income tax recoverable.......................................................................         196,592
Deferred income tax recoverable......................................................................       1,529,464
                                                                                                      ---------------
   Total assets...................................................................................... $    12,427,673
                                                                                                      ===============
LIABILITIES AND STOCKHOLDER'S EQUITY                                                                                 
LIABILITIES                                                                                                          
Future policy benefits............................................................................... $     2,747,421
Policyholder account balances........................................................................       2,488,945
Other policy-related balances........................................................................       2,170,145
Policyholder dividends payable.......................................................................          16,256
Debt -- affiliated...................................................................................         575,118
Derivative liabilities...............................................................................       2,648,454
Other liabilities....................................................................................         551,170
                                                                                                      ---------------
   Total liabilities.................................................................................      11,197,509
                                                                                                      ---------------
CONTINGENCIES AND COMMITMENTS (NOTE 12)                                                                              
STOCKHOLDER'S EQUITY                                                                                                 
Preferred stock, par value $.01 per share; 250,000 shares authorized, 200,000 issued and                             
 outstanding at December 31, 2013; par value $1.00 per share; 200,000 shares authorized, issued                      
 and outstanding at December 31, 2012; $2,000,000 aggregate liquidation preference at                                
 December 31, 2013 and 2012..........................................................................               2
Common stock, par value $.01 per share; 13,875,000 shares authorized, 13,466,000 issued and                          
 outstanding at December 31, 2013; par value $1.00 per share; 14,125,000 shares authorized,                          
 13,466,000 shares issued and outstanding at December 31, 2012.......................................             135
Additional paid-in capital...........................................................................       4,125,653
Retained earnings (accumulated deficit)..............................................................     (2,964,638)
Accumulated other comprehensive income (loss)........................................................          69,012
                                                                                                      ---------------
   Total stockholder's equity........................................................................       1,230,164
                                                                                                      ---------------
   Total liabilities and stockholder's equity........................................................ $    12,427,673
                                                                                                      ===============
                                                        [Enlarge/Download Table]

                                                                                                           2012      
                                                                                                      ---------------
                                                                                                                     
ASSETS                                                                                                               
Investments:                                                                                                         
  Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $1,311,922                  
   and $1,719,913, respectively)..................................................................... $     1,785,619
  Short-term investments, at estimated fair value....................................................       4,307,652
  Derivative assets..................................................................................       4,652,428
  Funds withheld at interest.........................................................................       2,436,815
                                                                                                      ---------------
   Total investments.................................................................................      13,182,514
Cash and cash equivalents............................................................................         905,519
Accrued investment income............................................................................          93,501
Premiums, reinsurance and other receivables..........................................................         775,433
Deferred policy acquisition costs....................................................................         136,661
Current income tax recoverable.......................................................................         261,720
Deferred income tax recoverable......................................................................       2,267,071
                                                                                                      ---------------
   Total assets...................................................................................... $    17,622,419
                                                                                                      ===============
LIABILITIES AND STOCKHOLDER'S EQUITY                                                                                 
LIABILITIES                                                                                                          
Future policy benefits............................................................................... $     2,735,580
Policyholder account balances........................................................................       8,831,285
Other policy-related balances........................................................................       1,896,818
Policyholder dividends payable.......................................................................          17,438
Debt -- affiliated...................................................................................          75,118
Derivative liabilities...............................................................................       1,665,997
Other liabilities....................................................................................       1,726,141
                                                                                                      ---------------
   Total liabilities.................................................................................      16,948,377
                                                                                                      ---------------
CONTINGENCIES AND COMMITMENTS (NOTE 12)                                                                              
STOCKHOLDER'S EQUITY                                                                                                 
Preferred stock, par value $.01 per share; 250,000 shares authorized, 200,000 issued and                             
 outstanding at December 31, 2013; par value $1.00 per share; 200,000 shares authorized, issued                      
 and outstanding at December 31, 2012; $2,000,000 aggregate liquidation preference at                                
 December 31, 2013 and 2012..........................................................................             200
Common stock, par value $.01 per share; 13,875,000 shares authorized, 13,466,000 issued and                          
 outstanding at December 31, 2013; par value $1.00 per share; 14,125,000 shares authorized,                          
 13,466,000 shares issued and outstanding at December 31, 2012.......................................          13,466
Additional paid-in capital...........................................................................       4,085,299
Retained earnings (accumulated deficit)..............................................................     (3,504,200)
Accumulated other comprehensive income (loss)........................................................          79,277
                                                                                                      ---------------
   Total stockholder's equity........................................................................         674,042
                                                                                                      ---------------
   Total liabilities and stockholder's equity........................................................ $    17,622,419
                                                                                                      ===============

SEE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS. 

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EXETER REASSURANCE COMPANY, LTD.  

STATEMENTS OF OPERATIONS  
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011  

(IN THOUSANDS)  

                                                        [Enlarge/Download Table]

                                                            2013           2012          2011    
                                                        ------------- --------------- -----------
                                                                                                 
REVENUES                                                                                         
Premiums............................................... $      59,372 $       949,827 $    71,518
Universal life and investment-type product policy fees.       586,571         548,425     432,722
Net investment income..................................        35,423          20,695      17,238
Net investment gains (losses)..........................      (56,581)          41,793     (1,086)
Net derivative gains (losses)..........................     1,935,248     (3,676,589)     230,434
Other revenues.........................................         1,395          22,916      43,740
                                                        ------------- --------------- -----------
   Total revenues......................................     2,561,428     (2,092,933)     794,566
                                                        ------------- --------------- -----------
EXPENSES                                                                                         
Policyholder benefits and claims.......................     1,379,886       1,811,746     309,339
Interest credited to policyholder account balances.....        17,399          16,598      15,831
Policyholder dividends.................................        26,675          30,279      30,722
Other expenses.........................................       101,207         206,841     169,883
                                                        ------------- --------------- -----------
   Total expenses......................................     1,525,167       2,065,464     525,775
                                                        ------------- --------------- -----------
Income (loss) before provision for income tax..........     1,036,261     (4,158,397)     268,791
Provision for income tax expense (benefit).............       364,215     (1,455,499)      94,077
                                                        ------------- --------------- -----------
Net income (loss)...................................... $     672,046 $   (2,702,898) $   174,714
                                                        ============= =============== ===========

SEE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS. 

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EXETER REASSURANCE COMPANY, LTD.  

STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011  

(IN THOUSANDS)  

                                                        [Enlarge/Download Table]

                                                             2013           2012           2011    
                                                         ------------ ---------------- ------------
                                                                                                   
Net income (loss)....................................... $    672,046 $    (2,702,898) $    174,714
Other comprehensive income (loss):                                                                 
 Unrealized investment gains (losses), net of related                                              
   offsets..............................................     (56,634)           25,017       35,549
 Foreign currency translation adjustments...............       26,548           13,028     (15,751)
                                                         ------------ ---------------- ------------
 Other comprehensive income (loss), before income tax...     (30,086)           38,045       19,798
 Income tax (expense) benefit related to items of other                                            
   comprehensive income (loss)..........................       19,821          (8,756)     (12,442)
                                                         ------------ ---------------- ------------
 Other comprehensive income (loss), net of income tax...     (10,265)           29,289        7,356
                                                         ------------ ---------------- ------------
Comprehensive income (loss)............................. $    661,781 $    (2,673,609) $    182,070
                                                         ============ ================ ============

SEE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS. 

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EXETER REASSURANCE COMPANY, LTD.  

STATEMENTS OF STOCKHOLDER'S EQUITY  
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011  

(IN THOUSANDS)  

                                                        [Enlarge/Download Table]


                                                                                                  RETAINED   
                                                                                   ADDITIONAL     EARNINGS   
                                                             PREFERRED   COMMON     PAID-IN     (ACCUMULATED 
                                                              STOCK      STOCK      CAPITAL       DEFICIT)   
                                                            ---------- ---------- ------------ --------------
                                                                                                             
Balance at December 31, 2010...............................  $     --  $   13,466 $    548,218 $    (976,016)
Capital contribution from MetLife, Inc. (Note 9)...........                            703,860               
Comprehensive income (loss):                                                                                 
Net income (loss)..........................................                                           174,714
Other comprehensive income (loss), net of income tax.......                                                  
                                                             --------  ---------- ------------ --------------
Balance at December 31, 2011...............................        --      13,466    1,252,078      (801,302)
                                                             --------  ---------- ------------ --------------
Capital contribution from MetLife, Inc. (Note 9)...........                            833,421               
Non-cumulative perpetual preferred stock issuance -- newly                                                   
 issued shares (Note 9)....................................       200                1,999,800               
Comprehensive income (loss):                                                                                 
Net income (loss)..........................................                                       (2,702,898)
Other comprehensive income (loss), net of income tax.......                                                  
                                                             --------  ---------- ------------ --------------
Balance at December 31, 2012...............................       200      13,466    4,085,299    (3,504,200)
                                                             --------  ---------- ------------ --------------
Capital contribution from MetLife, Inc. (Note 9)...........                             26,825               
Change in preferred and common stock par value                                                               
 (Note 9)..................................................     (198)    (13,331)       13,529               
Dividends on perpetual preferred stock.....................                                         (132,484)
Comprehensive income (loss):                                                                                 
Net income (loss)..........................................                                           672,046
Other comprehensive income (loss), net of income tax.......                                                  
                                                             --------  ---------- ------------ --------------
Balance at December 31, 2013...............................  $      2  $      135 $  4,125,653 $  (2,964,638)
                                                             ========  ========== ============ ==============
                                                        [Enlarge/Download Table]

                                                                  ACCUMULATED OTHER                            
                                                             COMPREHENSIVE INCOME (LOSS)                       
                                                            -----------------------------                      
                                                                  NET         FOREIGN                          
                                                              UNREALIZED      CURRENCY                         
                                                              INVESTMENT    TRANSLATION           TOTAL        
                                                             GAINS (LOSSES)  ADJUSTMENTS   STOCKHOLDER'S EQUITY
                                                            --------------- ------------- ---------------------
                                                                                                               
Balance at December 31, 2010...............................  $      3,341   $      39,291     $  (371,700)     
Capital contribution from MetLife, Inc. (Note 9)...........                                        703,860     
Comprehensive income (loss):                                                                                   
Net income (loss)..........................................                                        174,714     
Other comprehensive income (loss), net of income tax.......        23,107        (15,751)            7,356     
                                                             ------------   -------------     ------------     
Balance at December 31, 2011...............................        26,448          23,540          514,230     
                                                             ------------   -------------     ------------     
Capital contribution from MetLife, Inc. (Note 9)...........                                        833,421     
Non-cumulative perpetual preferred stock issuance -- newly                                                     
 issued shares (Note 9)....................................                                      2,000,000     
Comprehensive income (loss):                                                                                   
Net income (loss)..........................................                                    (2,702,898)     
Other comprehensive income (loss), net of income tax.......        16,261          13,028           29,289     
                                                             ------------   -------------     ------------     
Balance at December 31, 2012...............................        42,709          36,568          674,042     
                                                             ------------   -------------     ------------     
Capital contribution from MetLife, Inc. (Note 9)...........                                         26,825     
Change in preferred and common stock par value                                                                 
 (Note 9)..................................................                                             --     
Dividends on perpetual preferred stock.....................                                      (132,484)     
Comprehensive income (loss):                                                                                   
Net income (loss)..........................................                                        672,046     
Other comprehensive income (loss), net of income tax.......      (36,813)          26,548         (10,265)     
                                                             ------------   -------------     ------------     
Balance at December 31, 2013...............................  $      5,896   $      63,116     $  1,230,164     
                                                             ============   =============     ============     

SEE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS. 

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EXETER REASSURANCE COMPANY, LTD.  

STATEMENTS OF CASH FLOWS  
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011  

(IN THOUSANDS)  

                                                        [Enlarge/Download Table]

                                                                                               2013           2012      
                                                                                           -------------- --------------
                                                                                            AS RESTATED    AS RESTATED  
                                                                                            SEE NOTE 1     SEE NOTE 1   
                                                                                                                        
CASH FLOWS FROM OPERATING ACTIVITIES                                                                                    
Net income (loss)......................................................................... $      672,046 $  (2,702,898)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating                                  
 activities:                                                                                                            
  Amortization of premiums and accretion of discounts associated with investments, net....         20,823          5,956
  (Gains) losses on investments, net......................................................         56,581       (41,793)
  (Gains) losses on derivatives, net......................................................      (204,378)      4,802,934
  Universal life and investment-type product policy fees..................................         11,088          (556)
  Change in accrued investment income.....................................................             28       (77,901)
  Change in premiums, reinsurance and other receivables...................................        112,292        155,762
  Change in deferred policy acquisition costs, net........................................       (23,159)         41,444
  Change in income tax recoverable (payable)..............................................        670,461    (1,675,874)
  Change in insurance-related liabilities and policy-related balances.....................        272,897        530,400
  Change in other liabilities.............................................................        101,876       (96,015)
  Other, net..............................................................................         31,681         24,977
                                                                                           -------------- --------------
Net cash provided by (used in) operating activities.......................................      1,722,236        966,436
                                                                                           -------------- --------------
CASH FLOWS FROM INVESTING ACTIVITIES                                                                                    
Sales, maturities and repayments of:                                                                                    
  Fixed maturity securities...............................................................        813,413      1,310,619
  Equity securities.......................................................................            128          7,212
Purchases of fixed maturity securities....................................................      (415,825)    (1,486,466)
Cash received in connection with freestanding derivatives.................................        146,845        415,944
Cash paid in connection with freestanding derivatives.....................................    (2,882,508)    (1,790,917)
Net change in short-term investments......................................................      1,525,163      1,497,830
Net change in funds withheld at interest..................................................      (336,545)      (146,444)
Other, net................................................................................        272,335         24,279
                                                                                           -------------- --------------
Net cash provided by (used in) investing activities.......................................      (876,994)      (167,943)
                                                                                           -------------- --------------
CASH FLOWS FROM FINANCING ACTIVITIES                                                                                    
Policyholder account balances:                                                                                          
  Deposits................................................................................             --            212
  Withdrawals.............................................................................             --       (10,330)
Change in payables for derivative collateral..............................................    (1,276,847)    (1,627,743)
Long-term debt issuances -- affiliated....................................................        500,000             --
Capital contribution from MetLife, Inc....................................................             --        800,000
Dividend on preferred stock...............................................................      (132,484)             --
Other, net................................................................................      (166,050)      (122,628)
                                                                                           -------------- --------------
Net cash provided by (used in) financing activities.......................................    (1,075,381)      (960,489)
                                                                                           -------------- --------------
Effect of change in foreign currency exchange rates on cash and cash equivalents balances.       (45,764)       (23,555)
                                                                                           -------------- --------------
Change in cash and cash equivalents.......................................................      (275,903)      (185,551)
Cash and cash equivalents, beginning of year..............................................        905,519      1,091,070
                                                                                           -------------- --------------
CASH AND CASH EQUIVALENTS, END OF YEAR.................................................... $      629,616 $      905,519
                                                                                           ============== ==============
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                                                                      
Net cash paid for:                                                                                                      
  Interest................................................................................ $        5,107 $      134,691
                                                                                           ============== ==============
  Income tax.............................................................................. $      304,518 $      222,025
                                                                                           ============== ==============
Non-cash transactions:                                                                                                  
  Purchase of fixed maturity securities associated with business transfer................. $           -- $      760,628
                                                                                           ============== ==============
  Purchase of short-term investments associated with business transfer.................... $           -- $       72,453
                                                                                           ============== ==============
  Capital contribution from MetLife, Inc.................................................. $       26,825 $       33,421
                                                                                           ============== ==============
  Issuance of non-cumulative perpetual preferred shares................................... $           -- $    2,000,000
                                                                                           ============== ==============
  Assignment of senior notes to MetLife, Inc.............................................. $           -- $  (2,000,000)
                                                                                           ============== ==============
                                                        [Enlarge/Download Table]

                                                                                              2011     
                                                                                           ------------
                                                                                           AS RESTATED 
                                                                                           SEE NOTE 1  
                                                                                                       
CASH FLOWS FROM OPERATING ACTIVITIES                                                                   
Net income (loss)......................................................................... $    174,714
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating                 
 activities:                                                                                           
  Amortization of premiums and accretion of discounts associated with investments, net....         (62)
  (Gains) losses on investments, net......................................................        1,086
  (Gains) losses on derivatives, net......................................................      469,752
  Universal life and investment-type product policy fees..................................      (3,781)
  Change in accrued investment income.....................................................      (6,706)
  Change in premiums, reinsurance and other receivables...................................      358,863
  Change in deferred policy acquisition costs, net........................................       28,571
  Change in income tax recoverable (payable)..............................................     (19,555)
  Change in insurance-related liabilities and policy-related balances.....................      256,552
  Change in other liabilities.............................................................    (355,242)
  Other, net..............................................................................       29,195
                                                                                           ------------
Net cash provided by (used in) operating activities.......................................      933,387
                                                                                           ------------
CASH FLOWS FROM INVESTING ACTIVITIES                                                                   
Sales, maturities and repayments of:                                                                   
  Fixed maturity securities...............................................................      604,979
  Equity securities.......................................................................        2,880
Purchases of fixed maturity securities....................................................    (754,191)
Cash received in connection with freestanding derivatives.................................      876,691
Cash paid in connection with freestanding derivatives.....................................  (2,032,925)
Net change in short-term investments......................................................  (4,538,307)
Net change in funds withheld at interest..................................................     (98,811)
Other, net................................................................................      158,928
                                                                                           ------------
Net cash provided by (used in) investing activities.......................................  (5,780,756)
                                                                                           ------------
CASH FLOWS FROM FINANCING ACTIVITIES                                                                   
Policyholder account balances:                                                                         
  Deposits................................................................................          416
  Withdrawals.............................................................................      (2,644)
Change in payables for derivative collateral..............................................    2,563,812
Long-term debt issuances -- affiliated....................................................    1,000,000
Capital contribution from MetLife, Inc....................................................      673,000
Dividend on preferred stock...............................................................           --
Other, net................................................................................       80,761
                                                                                           ------------
Net cash provided by (used in) financing activities.......................................    4,315,345
                                                                                           ------------
Effect of change in foreign currency exchange rates on cash and cash equivalents balances.        7,065
                                                                                           ------------
Change in cash and cash equivalents.......................................................    (524,959)
Cash and cash equivalents, beginning of year..............................................    1,616,029
                                                                                           ------------
CASH AND CASH EQUIVALENTS, END OF YEAR.................................................... $  1,091,070
                                                                                           ============
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                                                     
Net cash paid for:                                                                                     
  Interest................................................................................ $     69,232
                                                                                           ============
  Income tax.............................................................................. $    115,497
                                                                                           ============
Non-cash transactions:                                                                                 
  Purchase of fixed maturity securities associated with business transfer................. $         --
                                                                                           ============
  Purchase of short-term investments associated with business transfer.................... $         --
                                                                                           ============
  Capital contribution from MetLife, Inc.................................................. $     30,860
                                                                                           ============
  Issuance of non-cumulative perpetual preferred shares................................... $         --
                                                                                           ============
  Assignment of senior notes to MetLife, Inc.............................................. $         --
                                                                                           ============

SEE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS. 

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS 

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES                                                                        

BUSINESS                                                                        

Exeter Reassurance Company, Ltd. (the "Company" or "Exeter") is a           
wholly-owned stock life insurance subsidiary of MetLife, Inc. (the "Holding     
Company").                                                                      

In 2011, the Company was redomesticated to the Cayman Islands. The Company  
was licensed as an Unrestricted Class B Insurer under the Insurance Law of the  
Cayman Islands (the "Law").                                                     

Effective October 1, 2013, the Company redomesticated to the state of       
Delaware ("Delaware"). The Company is licensed as a Delaware pure captive       
insurance company under the Delaware Captive Insurance Law ("Delaware Law").    
The Company engages in traditional and financial reinsurance of life insurance  
and annuity policies, primarily with affiliates.                                

In the second quarter of 2013, the Holding Company announced its plans to   
merge three U.S.-based life insurance companies and an offshore reinsurance     
subsidiary to create one larger U.S.-based and U.S.-regulated life insurance    
company (the "Mergers"). The companies to be merged consist of MetLife          
Insurance Company of Connecticut ("MICC"), MetLife Investors USA Insurance      
Company ("MLI-USA") and MetLife Investors Insurance Company ("MLIIC"), each a   
U.S. insurance company that issues variable annuity products in addition to     
other products, and Exeter. MICC, which is expected to be renamed and domiciled 
in Delaware, will be the surviving entity. The Mergers are expected to occur in 
the fourth quarter of 2014, subject to regulatory approvals.                    

BASIS OF PRESENTATION                                                           

The Company has previously prepared, and filed, financial statements that   
comply with the filing requirements of the Cayman Islands Monetary Authority    
("CIMA"). The financial statements as of and for the year ended December 31,    
2012 presented insurance liabilities in the balance sheet in accordance with    
practices prescribed or permitted by CIMA, which presentation differs from the  
presentation requirements under generally accepted accounting principles. The   
presentation of insurance liabilities in these financial statements has been    
revised to present such amounts in accordance with accounting principles        
generally accepted in the United States.                                        

The preparation of financial statements in conformity with accounting       
principles generally accepted in the United States of America ("GAAP") requires 
management to adopt accounting policies and make estimates and assumptions that 
affect amounts reported in the financial statements. In applying these policies 
and estimates, management makes subjective and complex judgments that           
frequently require assumptions about matters that are inherently uncertain.     
Many of these policies, estimates and related judgments are common in the       
insurance and financial services industries; others are specific to the         
Company's business and operations. Actual results could differ from estimates.  

Since the Company is a member of a controlled group of affiliated companies,
its results may not be indicative of those of a stand-alone entity.             

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES (CONTINUED)                                                            

RESTATEMENTS                                                                    

The Company identified the following errors relating to the 2013, 2012 and  
2011 statements of cash flows:                                                  

.  Net cash provided by operating activities was overstated and net cash
  used in investing activities was understated in 2012, as a result of
     errors relating to the non-cash component of the consideration received
for the transfer of business to the Company from an affiliate.    
.  The effects of changes in foreign currency exchange rates on cash and
cash equivalents were incorrectly reported in 2013, 2012 and 2011,
resulting in offsetting impacts on net cash provided by operating 
activities and net cash used in investing activities.             
.  Certain transactions relating to fees on embedded derivatives were   
    incorrectly reported in the cash flow statement in 2013, 2012 and 2011
     including: (a) cash transactions incorrectly reported in (gains) losses
    on derivatives, net, resulting in impacts to both net cash provided by
     operating activities and net cash used in investing activities: and (b)
     non-cash transactions incorrectly reported in cash flows from investing
activities in other, net, resulting in impacts to net cash used in
investing activities.                                             
.  Non-cash transactions relating to funds withheld at interest were    
    incorrectly reported in net cash used in investing activities in 2013,
2012 and 2011.                                                    

The combined errors resulted in an overstatement/(understatement) of (i) net
cash provided by operating activities of $93,333 thousand, $991,168 thousand    
and ($76,861) thousand in 2013, 2012 and 2011, respectively; (ii) net cash used 
in investing activities of ($139,097) thousand, ($1,014,723) thousand and       
$83,926 thousand in 2013, 2012 and 2011, respectively; and (iii) the effect of  
change in foreign currency exchange rates on cash and cash equivalents of       
$45,764 thousand, $23,555 thousand and ($7,065) thousand in 2013, 2012 and      
2011, respectively.                                                             

The impact of the 2013, 2012 and 2011 restatements is shown in the tables   
below:                                                                          

                                                        [Enlarge/Download Table]

                                                                   FOR THE YEAR ENDED DECEMBER 31, 2013  
                                                                 ----------------------------------------
                                                                 AS PREVIOUSLY CORRECTION OF             
                                                                   REPORTED       ERRORS     AS ADJUSTED 
                                                                 ------------- ------------- ------------
                                                                              (IN THOUSANDS)             
                                                                                                         
CASH FLOWS FROM OPERATING ACTIVITIES                                                                     
Adjustments to reconcile net income (loss) to net cash provided                                          
  by (used in) operating activities:                                                                     
 (Gains) losses on derivatives, net............................. $(1,095,691)   $  891,313   $  (204,378)
 Change in accrued investment income............................ $      (737)   $      765   $         28
 Change in premiums, reinsurance and other receivables.......... $    130,149   $ (17,857)   $    112,292
 Change in income tax recoverable (payable)..................... $    822,557   $(152,096)   $    670,461
 Change in other assets......................................... $     26,549   $ (26,549)   $         --
 Change in insurance-related liabilities and policy-related                                              
   balances..................................................... $    979,232   $(706,335)   $    272,897
 Change in other liabilities.................................... $    101,875   $        1   $    101,876
 Other, net..................................................... $    114,256   $ (82,575)   $     31,681
Net cash provided by (used in) operating activities............. $  1,815,569   $ (93,333)   $  1,722,236
CASH FLOWS FROM INVESTING ACTIVITIES                                                                     
 Sales, maturities and repayments of:                                                                    
   Fixed maturity securities.................................... $    803,256   $   10,157   $    813,413
 Net change in short-term investments........................... $  1,528,444   $  (3,281)   $  1,525,163
 Net change in funds withheld at interest....................... $  (257,452)   $ (79,093)   $  (336,545)
 Other, net..................................................... $     61,021   $  211,314   $    272,335
Net cash provided by (used in) investing activities............. $(1,016,091)   $  139,097   $  (876,994)
Effect of change in foreign currency exchange rates on cash and                                          
  cash equivalents balances..................................... $         --   $ (45,764)   $   (45,764)

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES (CONTINUED)                                                            

                                                        [Enlarge/Download Table]

                                                               FOR THE YEAR ENDED DECEMBER 31, 2012  
                                                             ----------------------------------------
                                                             AS PREVIOUSLY CORRECTION OF             
                                                               REPORTED       ERRORS     AS ADJUSTED 
                                                             ------------- ------------- ------------
                                                                          (IN THOUSANDS)             
                                                                                                     
CASH FLOWS FROM OPERATING ACTIVITIES                                                                 
Adjustments to reconcile net income (loss) to net cash                                               
  provided by (used in) operating activities:                                                        
 (Gains) losses on derivatives, net......................... $  4,156,565  $    646,369  $  4,802,934
 Change in premiums, reinsurance and other receivables...... $    149,271  $      6,491  $    155,762
 Change in income tax recoverable (payable)................. $(1,617,392)  $   (58,482)  $(1,675,874)
 Change in other assets..................................... $     13,027  $   (13,027)  $         --
 Change in insurance-related liabilities and policy-related                                          
   balances................................................. $  1,932,786  $(1,402,386)  $    530,400
 Change in other liabilities................................ $   (31,859)  $   (64,156)  $   (96,015)
 Other, net................................................. $    130,954  $  (105,977)  $     24,977
Net cash provided by (used in) operating activities......... $  1,957,604  $  (991,168)  $    966,436
CASH FLOWS FROM INVESTING ACTIVITIES                                                                 
 Purchases of fixed maturity securities..................... $(2,264,346)  $    777,880  $(1,486,466)
 Net change in short-term investments....................... $  1,423,762  $     74,068  $  1,497,830
 Net change in funds withheld at interest................... $  (218,801)  $     72,357  $  (146,444)
 Other, net................................................. $   (66,139)  $     90,418  $     24,279
Net cash provided by (used in) investing activities......... $(1,182,666)  $  1,014,723  $  (167,943)
Effect of change in foreign currency exchange rates on cash                                          
  and cash equivalents balances............................. $         --  $   (23,555)  $   (23,555)

                                                        [Enlarge/Download Table]

                                                                      FOR THE YEAR ENDED DECEMBER 31, 2011  
                                                                    ----------------------------------------
                                                                    AS PREVIOUSLY CORRECTION OF             
                                                                      REPORTED       ERRORS     AS ADJUSTED 
                                                                    ------------- ------------- ------------
                                                                                 (IN THOUSANDS)             
                                                                                                            
CASH FLOWS FROM OPERATING ACTIVITIES                                                                        
Adjustments to reconcile net income (loss) to net cash provided by                                          
  (used in) operating activities:                                                                           
 (Gains) losses on derivatives, net................................ $  (153,956)   $  623,708   $    469,752
 Change in accrued investment income............................... $    (8,031)   $    1,325   $    (6,706)
 Change in premiums, reinsurance and other receivables............. $    349,645   $    9,218   $    358,863
 Change in income tax recoverable (payable)........................ $   (50,030)   $   30,475   $   (19,555)
 Change in other assets............................................ $   (15,750)   $   15,750   $         --
 Change in insurance-related liabilities and policy-related                                                 
   balances........................................................ $    757,824   $(501,272)   $    256,552
 Change in other liabilities....................................... $  (354,977)   $    (265)   $  (355,242)
 Other, net........................................................ $    131,273   $(102,078)   $     29,195
Net cash provided by (used in) operating activities................ $    856,526   $   76,861   $    933,387
CASH FLOWS FROM INVESTING ACTIVITIES                                                                        
Net change in funds withheld at interest........................... $   (91,382)   $  (7,429)   $   (98,811)
 Other, net........................................................ $    235,425   $ (76,497)   $    158,928
Net cash provided by (used in) investing activities................ $(5,696,830)   $ (83,926)    (5,780,756)
Effect of change in foreign currency exchange rates on cash and                                             
  cash equivalents balances........................................ $         --   $    7,065   $      7,065

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES (CONTINUED)                                                            

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                                      

The following are the Company's significant accounting policies with        
references to notes providing additional information on such policies and       
critical accounting estimates relating to such policies.                        

                                                                [Download Table]
                                      
--------------------------------------
ACCOUNTING POLICY                 NOTE
--------------------------------------
Deferred Policy Acquistion Costs     2
--------------------------------------
Reserves                             3
--------------------------------------
Reinsurance                          4
--------------------------------------
Investments                          5
--------------------------------------
Derivatives                          6
--------------------------------------
Fair Value                           7
--------------------------------------
Income Tax                          11
--------------------------------------
Litigation Contingencies            12
--------------------------------------

FUTURE POLICYHOLDER BENEFITS, POLICYHOLDER ACCOUNT BALANCES AND OTHER         
POLICY-RELATED BALANCES                                                         

The Company establishes liabilities for insurance policies assumed by the   
Company. Generally, amounts are payable over an extended period of time and     
related liabilities are calculated as the present value of future expected      
benefits to be paid reduced by the present value of future expected premiums.   
Such liabilities are established based on methods and underlying assumptions in 
accordance with GAAP and applicable actuarial standards. Principal assumptions  
used in the establishment of liabilities for future policy benefits are         
mortality, morbidity, policy lapse, renewal, retirement, investment returns,    
inflation, expenses and other contingent events as appropriate to the           
respective product type. For long duration insurance contracts, assumptions     
such as mortality and interest rates are "locked in" upon the issuance of new   
business. However, significant adverse changes in experience on such contracts  
may require the establishment of premium deficiency reserves. Such reserves are 
determined based on the then current assumptions and do not include a provision 
for adverse deviation.                                                          

Liabilities for assumed universal secondary guarantees are determined by    
estimating the expected value of death benefits payable when the account        
balance is projected to be zero and recognizing those benefits ratably over the 
accumulation period based on total expected assessments. The assumptions used   
in estimating the secondary liabilities are consistent with those used for      
amortizing deferred policy acquisition costs ("DAC"), and are thus subject to   
the same variability and risk as further discussed herein. The assumptions of   
investment performance and volatility for variable products are consistent with 
historical experience of appropriate underlying equity indices, such as the     
Standard & Poor's Ratings Services ("S&P") 500 Index. The benefits used in      
calculating the liabilities assumed are based on the average benefits payable   
over a range of scenarios.                                                      

The assumed unearned revenue liability included in other policy-related     
balances relates to universal life-type products and represents policy charges  
for services to be provided in future periods. The charges are deferred as      
unearned revenue and amortized using the product's estimated gross profits,     
similar to DAC as discussed further herein. Such amortization is recorded in    
universal life and investment-type product policy fees.                         

The Company regularly reviews its estimates of liabilities for future policy
benefits and compares them with its actual experience. Differences result in    
changes to the liability balances with related charges or credits to benefit    
expenses in the period in which the changes occur.                              

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES (CONTINUED)                                                            

The Company assumed and ceded guaranteed minimum benefits associated with   
certain variable annuity product risks that provide the policyholder a minimum  
return based on their initial deposit (i.e., the benefit base) less             
withdrawals. These guarantees are accounted for as insurance liabilities or as  
embedded derivatives depending on how and when the benefit is paid.             
Specifically, a guarantee is accounted for as an embedded derivative if a       
guarantee is paid without requiring (i) the occurrence of specific insurable    
event, or (ii) the policyholder to annuitize. Alternatively, a guarantee is     
accounted for as an insurance liability if the guarantee is paid only upon      
either (i) the occurrence of a specific insurable event, or (ii) annuitization. 
In certain cases, a guarantee may have elements of both an insurance liability  
and an embedded derivative and in such cases the guarantee is split and         
accounted for under both models.                                                

Guarantees assumed are accounted for as insurance liabilities in future     
policy benefits include guaranteed minimum death benefits ("GMDB"), the portion 
of guaranteed minimum income benefits ("GMIB") that require annuitization, and  
the life-contingent portion of guaranteed minimum withdrawal benefits ("GMWB"). 

Guarantees assumed are accounted for as embedded derivatives in policyholder
account balances include the non life-contingent portion of GMWB, guaranteed    
minimum accumulation benefits ("GMAB") and the portion of GMIB that do not      
require annuitization. At inception, the Company attributes to the embedded     
derivative a portion of the projected future guarantee fees to be collected     
from the policyholder equal to the present value of projected future guaranteed 
benefits. Any additional fees represent "excess" fees and are reported in       
universal life and investment-type product policy fees.                         

Other policy-related balances include policy and contract claims and        
policyholder dividends due and unpaid.                                          

The liability for policy and contract claims generally relates to incurred  
but not reported death claims, as well as claims which have been reported but   
not yet settled.                                                                

DIVIDEND LIABILITY                                                              

The terminal dividend liability for assumed participating traditional life  
insurance policies is equal to the liability for dividends paid to              
policyholders upon termination and after satisfying minimum period in-force     
requirements.                                                                   

RECOGNITION OF INSURANCE REVENUE AND RELATED BENEFITS                           

Premiums related to assumed traditional life and variable annuity business  
are recognized as revenues when due. Policyholder benefits and expenses are     
provided against such revenues to recognize profits over the estimated lives of 
the policies. When premiums are due over a significantly shorter period than    
the period over which benefits are provided, any excess profit is deferred and  
recognized into operations in a constant relationship to the business assumed.  

DEFERRED POLICY ACQUISITION COSTS                                               

The Company reimburses the direct writer of the reinsured agreements for    
significant costs in connection with acquiring new and renewal reinsurance      
business. Costs that are related directly to the successful acquisition or      
renewal of reinsurance agreements are capitalized as DAC. Such costs primarily  
include:                                                                        

 .  incremental direct costs of contract acquisition, such as commissions;

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES (CONTINUED)                                                            

.  other essential direct costs that would not have been incurred had a 
policy not been acquired or renewed.                              

All other acquisition-related costs, as well as all indirect costs, are     
expensed as incurred.                                                           

DAC is amortized as follows:                                                

Products reinsured:                    In proportion to the following over    
                                  estimated lives of the reinsurance
           agreements:
----------------------------------------------------------------------------- 
.  Participating, dividend-paying      Actual and expected future gross       
traditional contracts               margins.                            
----------------------------------------------------------------------------- 
.  Variable universal life contracts   Actual and expected future gross       
.  Variable deferred annuity contracts profits.                               

See Note 2 for additional information on DAC amortization.                  

 The recovery of DAC is dependent upon the future profitability of the related
business.                                                                       

REINSURANCE AGREEMENTS                                                          

For each of its reinsurance agreements, the Company determines whether the  
agreement provides indemnification against loss or liability relating to        
insurance risk in accordance with applicable accounting standards. Cessions     
under reinsurance agreements do not discharge the Company's obligations as a    
reinsurer. The Company reviews all contractual features, particularly those     
that may limit the amount of insurance risk to which the Company is subject or  
features that delay the timely reimbursement of claims.                         

For reinsurance of existing in-force blocks of long-duration contracts that 
transfer significant insurance risk, the difference, if any, between the        
amounts paid (received), and the liabilities ceded (assumed) related to the     
underlying contracts is considered the net cost of reinsurance at the inception 
of the reinsurance agreement. The net cost of reinsurance is recorded as an     
adjustment to DAC when there is a gain at inception on the ceding entity and to 
other liabilities when there is a loss at inception. The net cost of            
reinsurance is recognized as a component of other expenses when there is a gain 
at inception and as policyholder benefits and claims when there is a loss and   
is subsequently amortized on a basis consistent with the methodology used for   
amortizing DAC related to the underlying reinsured contracts. Subsequent        
amounts paid (received) on the reinsurance of in-force blocks, as well as       
amounts paid (received) related to new business, are recorded as ceded          
(assumed) premiums and ceded (assumed) future policy benefit liabilities are    
established.                                                                    

Amounts currently recoverable under reinsurance agreements are included in  
premiums, reinsurance and other receivables and amounts currently payable are   
included in other liabilities and other policy-related balances. Assets and     
liabilities relating to reinsurance agreements with the same reinsurer may be   
recorded net on the balance sheet, if a right of offset exists within the       
reinsurance agreement. In the event that reinsurers do not meet their           
obligations to the Company under the terms of the reinsurance agreements,       
reinsurance recoverable balances could become uncollectible. In such instances, 
reinsurance recoverable balances are stated net of allowances for uncollectible 
reinsurance.                                                                    

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES (CONTINUED)                                                            

Premiums, fees and policyholder benefits and claims include amounts assumed 
under reinsurance agreements and are net of reinsurance ceded. Amounts received 
from reinsurers for policy administration are reported in other revenues.       
Certain assumed GMWB, GMAB and GMIB are accounted for as embedded derivatives   
with changes in estimated fair value reported in net derivative gains (losses). 

If the Company determines that a reinsurance agreement does not expose the  
reinsurer to a reasonable possibility of a significant loss from insurance      
risk, the Company records the agreement using the deposit method of accounting. 
Deposits received are included in other liabilities and deposits made are       
included within premiums, reinsurance and other receivables. As amounts are     
paid or received, consistent with the underlying contracts, the deposit assets  
or liabilities are adjusted. Interest on such deposits is recorded as other     
revenues or other expenses, as appropriate. Periodically, the Company evaluates 
the adequacy of the expected payments or recoveries and adjusts the deposit     
asset or liability through other revenues or other expenses, as appropriate.    

INVESTMENTS                                                                   

NET INVESTMENT INCOME                                                       

Income on investments is reported within net investment income, unless  
otherwise stated herein.                                                    

FIXED MATURITY SECURITIES                                                   

The Company's fixed maturity securities are classified as               
available-for-sale ("AFS") and are reported at their estimated fair value.  
Unrealized investment gains and losses on these securities are recorded as a
separate component of other comprehensive income (loss) ("OCI"), net of     
policyholder-related amounts and deferred income taxes. All security        
transactions are recorded on a trade date basis. Investment gains and losses
on sales are determined on a specific identification basis.                 

Interest income on fixed maturity securities is recognized when earned  
 using an effective yield method giving effect to amortization of premiums and
accretion of discounts. Prepayment fees are recognized when earned.         

The Company periodically evaluates fixed maturity securities for        
impairment. The assessment of whether impairments have occurred is based on 
management's case-by-case evaluation of the underlying reasons for the      
decline in estimated fair value and an analysis of the gross unrealized     
losses by severity and/or age. The analysis of gross unrealized losses is   
described further in Note 5 "--Evaluation of AFS Securities for OTTI and    
Evaluating Temporarily Impaired AFS Securities."                            

For fixed maturity securities in an unrealized loss position, an        
 other-than-temporary impairment ("OTTI") is recognized in earnings when it is
anticipated that the amortized cost will not be recovered. When either:     
(i) the Company has the intent to sell the security; or (ii) it is more     
 likely than not that the Company will be required to sell the security before
recovery, the OTTI recognized in earnings is the entire difference between  
the security's amortized cost and estimated fair value. If neither of these 
conditions exist, the difference between the amortized cost of the security 
 and the present value of projected future cash flows expected to be collected
is recognized as an OTTI in earnings ("credit loss"). If the estimated fair 
value is less than the present value of projected future cash flows expected
to be collected, this portion of OTTI related to other-than-credit factors  
("noncredit loss") is recorded in OCI. Adjustments are not made for         
subsequent recoveries in value.                                             

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES (CONTINUED)                                                            

SHORT-TERM INVESTMENTS                                                      

Short-term investments include securities and other investments with    
remaining maturities of one year or less, but greater than three months, at 
the time of purchase and are stated at the estimated fair value or amortized
cost, which approximates estimated fair value.                              

DERIVATIVE ASSETS                                                           

Derivative assets consist principally of freestanding derivatives with  
positive estimated fair values and are described in " -- Derivatives" below.

FUNDS WITHHELD AT INTEREST                                                  

Funds withheld at interest represent amounts contractually withheld by  
ceding companies in accordance with reinsurance agreements. The Company     
records a funds withheld asset rather than the underlying investments. The  
Company recognizes interest on funds withheld at rates defined by the terms 
of the agreement which may be contractually specified or directly related to
the underlying investments.                                                 

DERIVATIVES                                                                   

FREESTANDING DERIVATIVES                                                    

   Freestanding derivatives are carried in the Company's balance sheets either
as assets within derivative assets or as liabilities within derivative      
liabilities at estimated fair value. The Company does not offset the fair   
value amounts recognized for derivatives executed with the same counterparty
absent a master netting agreement.                                          

   Accruals on derivatives are generally recorded in accrued investment income
 or within derivative liabilities. However, accruals that are not scheduled to
settle within one year are included with the derivatives carrying value in  
derivative assets or derivative liabilities.                                

The Company's derivatives are not designated as qualifying for hedge    
accounting. Changes in the estimated fair value of derivatives are generally
reported in net derivative gains (losses) except for those in policyholder  
benefits and claims for economic hedges of variable annuity guarantees      
 included in future policy benefits in the balance sheets. The fluctuations in
estimated fair value of derivatives can result in significant volatility in 
net income.                                                                 

EMBEDDED DERIVATIVES                                                        

The Company assumes variable annuity guarantees, modified coinsurance   
contracts and equity indexed deferred annuities that contain embedded       
derivatives. Additionally, the Company has retroceded certain of these      
variable annuity guarantees to unaffiliated reinsurance counterparties that 
also contain embedded derivatives. The Company assesses each identified     
 embedded derivative to determine whether it is required to be bifurcated. The
 embedded derivative is bifurcated from the host contract and accounted for as
a freestanding derivative if:                                               

.  the combined instrument is not accounted for in its entirety at fair   
value with changes in fair value recorded in earnings;              

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES (CONTINUED)                                                            

 .  the terms of the embedded derivative are not clearly and closely related
to the economic characteristics of the host contract; and           
.  a separate instrument with the same terms as the embedded derivative   
would qualify as a derivative instrument.                           

Such embedded derivatives are carried in the balance sheets at estimated
fair value with the host contract and changes in their estimated fair value 
are generally reported in net derivative gains (losses) for assumed         
reinsurance or in policyholder benefits and claims for ceded reinsurance. At
 inception, the Company attributes to the embedded derivative a portion of the
projected future guarantee fees to be collected from the policyholder equal 
to the present value of projected future guaranteed benefits. Any additional
fees represent "excess" fees and are reported in universal life and         
investment-type product policy fees.                                        

FAIR VALUE                                                                    

Certain assets and liabilities are measured at estimated fair value in the
Company's balance sheets. In addition, the notes to these financial statements
include further disclosures of estimated fair values. The Company defines fair
value as the price that would be received to sell an asset or paid to transfer
a liability (an exit price) in the principal or most advantageous market for  
the asset or liability in an orderly transaction between market participants  
on the measurement date. In most cases, the exit price and the transaction (or
entry) price will be the same at initial recognition.                         

Subsequent to initial recognition, fair values are based on unadjusted    
quoted prices for identical assets or liabilities in active markets that are  
readily and regularly obtainable. When such quoted prices are not available,  
fair values are based on quoted prices in markets that are not active, quoted 
prices for similar but not identical assets or liabilities, or other          
observable inputs. If these inputs are not available, or observable inputs are
not determinative, unobservable inputs and/or adjustments to observable inputs
requiring management judgment are used to determine the fair value of assets  
and liabilities.                                                              

INCOME TAX                                                                    

  The Company joins with the Holding Company and its includable life insurance
and non-life insurance subsidiaries in filing a consolidated U.S. federal     
income tax return in accordance with the provision of the Internal Revenue    
Code of 1986 as amended (the "Code"). Current taxes (and the benefits of tax  
attributes such as losses) are allocated to the Holding Company under the     
consolidated tax return regulations and a tax sharing agreement. Under the    
consolidated tax return regulations, the Holding Company has elected the      
"percentage method' (and 100 percent under such method) of reimbursing        
companies for tax attributes such as losses. As a result, one hundred percent 
of tax attributes such as losses are reimbursed by the Holding Company to the 
extent that consolidated federal income tax of the consolidated federal tax   
return group is reduced in a year by tax attributes such as losses. Profitable
subsidiaries pay to the Holding company each year the federal income tax which
such profitable subsidiary would have paid that year based upon that year's   
taxable income. The Holding Company has current or prior deductions and       
credits (including by not limited to losses) which reduce the consolidated tax
liability of the consolidated federal tax return group, the deductions and    
credits are characterized as realized (or realizable) by the Holding Company  
when those tax attributes are realized (or realizable) by the consolidated    
federal tax return group, even if the Holding Company would not have realized 
the attributes on a stand-alone basis under a "wait and see" method.          

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES (CONTINUED)                                                            

Deferred income tax assets and liabilities resulting from temporary       
differences between the financial reporting and tax basis of assets and       
liabilities are measured at the balance sheet date using enacted tax rates    
expected to apply to taxable income in the years the temporary differences are
expected to reverse.                                                          

 The realization of deferred income tax assets depends upon the existence of
sufficient taxable income within the carryback or carryforward periods under  
the tax law in the applicable tax jurisdiction. Valuation allowances are      
established when management determines, based on available information, that  
it is more likely than not that deferred income tax assets will not be        
realized. Factors in management's determination include the performance of the
business and its ability to generate capital gains. Significant judgment is   
required in determining whether valuation allowances should be established, as
well as the amount of such allowances. When making such determination,        
consideration is given to, among other things, the following:                 

.  future taxable income exclusive of reversing temporary differences and   
carryforwards;                                                        
.  future reversals of existing taxable temporary differences;              
.  taxable income in prior carryback years; and                             
.  tax planning strategies.                                                 

The Company may be required to change its provision for income taxes in   
certain circumstances. Examples of such circumstances include when estimates  
used in determining valuation allowances on deferred tax assets significantly 
change or when receipt of new information indicates the need for adjustment in
valuation allowances. Additionally, future events, such as changes in tax     
laws, tax regulations, or interpretations of such laws or regulations, could  
have an impact on the provision for income tax and the effective tax rate. Any
such changes could significantly affect the amounts reported in the financial 
statements in the year these changes occur.                                   

The Company determines whether it is more likely than not that a tax      
position will be sustained upon examination by the appropriate taxing         
authorities before any part of the benefit can be recorded in the financial   
statements. A tax position is measured at the largest amount of benefit that  
is greater than 50% likely of being realized upon settlement. Unrecognized tax
benefits due to tax uncertainties that do not meet the threshold are included 
in other liabilities and are charged to earnings in the period that such      
determination is made.                                                        

The Company classifies interest recognized as other expense and penalties 
recognized as a component of income tax expense.                              

OTHER ACCOUNTING POLICIES                                                     

CASH AND CASH EQUIVALENTS                                                   

The Company considers all highly liquid securities and other investments
purchased with an original or remaining maturity of three months or less at 
the date of purchase to be cash equivalents. Cash equivalents are stated at 
amortized cost, which approximates estimated fair value.                    

OTHER REVENUES                                                              

  Other revenues consist of funds withheld investment credit fees associated
with financial reinsurance.                                                 

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES (CONTINUED)                                                            

POLICYHOLDER DIVIDENDS                                                      

Pursuant to the terms of certain reinsurance agreements, the Company    
participates in the policyholder dividend scale of the ceding company.      
 Policyholder dividends are approved annually by the ceding company's board of
directors. The aggregate amount of policyholder dividends is related to     
 actual interest, mortality, morbidity and expense experience for the year, as
 well as the judgment of the ceding company's management as to the appropriate
level of statutory surplus to be retained by the ceding company.            

FOREIGN CURRENCY                                                            

Balance sheet accounts for reinsurance agreements that are settled in   
 foreign currencies are translated at the exchange rate in effect at each year
end and income and expense accounts are translated at the average exchange  
rates during the year. Translation adjustments are charged or credited      
 directly to foreign currency translation adjustments, included in accumulated
other comprehensive income or loss, net of applicable taxes. Intercompany   
receivables (payables) that are held in foreign currencies are translated at
the exchange rate in effect at each year end and translation adjustments are
 charged directly to net investment gains (losses) in the period in which they
occur.                                                                      

ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS                                       

Effective January 1, 2013, the Company adopted new guidance regarding       
comprehensive income that requires an entity to provide information about the   
amounts reclassified out of Accumulated Other Comprehensive Income ("AOCI") by  
component. In addition, an entity is required to present, either on the face of 
the statement where net income is presented or in the notes, significant        
amounts reclassified out of AOCI by the respective line items of net income but 
only if the amount reclassified is required under GAAP to be reclassified to    
net income in its entirety in the same reporting period. For other amounts that 
are not required under GAAP to be reclassified in their entirety to net income, 
an entity is required to cross-reference to other disclosures required under    
GAAP that provide additional detail about those amounts. The adoption was       
prospectively applied and resulted in additional disclosures in Note 9.         

 Effective January 1, 2013, the Company adopted new guidance regarding balance
sheet offsetting disclosures which requires an entity to disclose information   
about offsetting and related arrangements for derivatives, including bifurcated 
embedded derivatives, repurchase and reverse repurchase agreements, and         
securities borrowing and lending transactions, to enable users of its financial 
statements to understand the effects of those arrangements on its financial     
position. Entities are required to disclose both gross information and net      
information about both instruments and transactions eligible for offset in the  
statement of financial position and instruments and transactions subject to an  
agreement similar to a master netting arrangement. The adoption was             
retrospectively applied and resulted in additional disclosures related to       
derivatives in Note 6.                                                          

 On January 1, 2012, the Company adopted new guidance regarding accounting for
DAC, which was retrospectively applied. The guidance specifies that only costs  
related directly to successful acquisition of new or renewal contracts can be   
capitalized as DAC; all other acquisition-related costs must be expensed as     
incurred. Under the new guidance, advertising costs may only be included in DAC 
if the capitalization criteria in the direct-response advertising guidance in   
Subtopic 340-20, OTHER ASSETS AND DEFERRED COSTS--CAPITALIZED ADVERTISING       
COSTS, are met. As a result, certain direct marketing, sales manager            
compensation and administrative costs previously capitalized by the Company     
will no longer be deferred.                                                     

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING        
POLICIES (CONTINUED)                                                            

On January 1, 2012, the Company adopted new guidance regarding comprehensive
income, which was retrospectively applied, that provides companies with the     
option to present the total of comprehensive income, components of net income,  
and the components of OCI either in a single continuous statement of            
comprehensive income or in two separate but consecutive statements in annual    
financial statements. The standard eliminates the option to present components  
of OCI as part of the statement of changes in stockholders' equity. The Company 
adopted the two-statement approach for annual financial statements.             

Effective January 1, 2012, the Company adopted new guidance regarding fair  
value measurements that establishes common requirements for measuring fair      
value and for disclosing information about fair value measurements in           
accordance with GAAP and International Financial Reporting Standards. Some of   
the amendments clarify the Financial Accounting Standards Board's ("FASB")      
intent on the application of existing fair value measurement requirements.      
Other amendments change a particular principle or requirement for measuring     
fair value or for disclosing information about fair value measurements. The     
adoption did not have a material impact on the Company's financial statements   
other than the expanded disclosures in Note 7.                                  

FUTURE ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS                                

In March 2013, the FASB issued new guidance regarding foreign currency      
(Accounting Standards Update ("ASU") 2013-05, FOREIGN CURRENCY MATTERS (TOPIC   
830): PARENT'S ACCOUNTING FOR THE CUMULATIVE TRANSLATION ADJUSTMENT UPON        
DERECOGNITION OF CERTAIN SUBSIDIARIES OR GROUPS OF ASSETS WITHIN A FOREIGN      
ENTITY OR OF AN INVESTMENT IN A FOREIGN ENTITY), effective prospectively for    
fiscal years and interim reporting periods within those years beginning after   
December 15, 2013. The amendments require an entity that ceases to have a       
controlling financial interest in a subsidiary or group of assets within a      
foreign entity to apply the guidance in Subtopic 830-30, FOREIGN CURRENCY       
MATTERS -- TRANSLATION OF FINANCIAL STATEMENTS, to release any related          
cumulative translation adjustment into net income. Accordingly, the cumulative  
translation adjustment should be released into net income only if the sale or   
transfer results in the complete or substantially complete liquidation of the   
foreign entity in which the subsidiary or group of assets had resided. For an   
equity method investment that is a foreign entity, the partial sale guidance in 
section 830-30-40, DERECOGNITION, still applies. As such, a pro rata portion of 
the cumulative translation adjustment should be released into net income upon a 
partial sale of such an equity method investment. The Company does not expect   
the adoption of this new guidance to have a material impact on its financial    
statements.                                                                     

In February 2013, the FASB issued new guidance regarding liabilities (ASU   
2013-04, LIABILITIES (TOPIC 405): OBLIGATIONS RESULTING FROM JOINT AND SEVERAL  
LIABILITY ARRANGEMENTS FOR WHICH THE TOTAL AMOUNT OF THE OBLIGATION IS FIXED AT 
THE REPORTING DATE), effective retrospectively for fiscal years beginning after 
December 15, 2013 and interim periods within those years. The amendments        
require an entity to measure obligations resulting from joint and several       
liability arrangements for which the total amount of the obligation within the  
scope of the guidance is fixed at the reporting date, as the sum of the amount  
the reporting entity agreed to pay on the basis of its arrangement among its    
co-obligors and any additional amount the reporting entity expects to pay on    
behalf of its co-obligors. In addition, the amendments require an entity to     
disclose the nature and amount of the obligation, as well as other information  
about the obligation. The Company does not expect the adoption of this new      
guidance to have a material impact on its financial statements.                 

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

2. DEFERRED POLICY ACQUISITION COSTS                                            

See Note 1 for a description of capitalized acquisition costs.              

PARTICIPATING AND DIVIDEND-PAYING TRADITIONAL CONTRACTS                         

 The Company amortizes DAC related to these contracts over the estimated lives
of the contracts in proportion to actual and expected future gross margins. The 
amortization includes interest based on rates in effect at inception or         
acquisition of the contracts. The future gross margins are dependent            
principally on investment returns, policyholder dividend scales, mortality,     
persistency, expenses to administer the business, creditworthiness of           
reinsurance counterparties, and certain economic variables, such as inflation.  
Of these factors, the Company anticipates that investment returns, expenses,    
persistency, and other factor changes and policyholder dividend scales are      
reasonably likely to significantly impact the rate of DAC amortization. On a    
quarterly basis, the Company updates the estimated gross margins with the       
actual gross margins for that period. When the actual gross margins change from 
previously estimated gross margins, the cumulative DAC amortization is          
re-estimated and adjusted by a cumulative charge or credit to earnings. When    
actual gross margins exceed those previously estimated, the DAC amortization    
will increase, resulting in a charge to earnings. The opposite result occurs    
when the actual gross margins are below the previously estimated gross margins. 
On a quarterly basis, the Company also updates the actual amount of business    
in-force, which impacts expected future gross margins. When expected future     
gross margins are below those previously estimated, the DAC amortization will   
increase, resulting in a charge to earnings. The opposite result occurs when    
the expected future gross margins are above the previously estimated expected   
future gross margins. Total DAC amortization during a particular period may     
increase or decrease depending upon the relative size of the amortization       
change resulting from the adjustment to DAC for the update of actual gross      
margins and the re-estimation of expected future gross margins. On a quarterly  
basis, the Company also reviews the estimated gross margins for each block of   
business to determine the recoverability of DAC balances.                       

VARIABLE UNIVERSAL LIFE CONTRACTS, VARIABLE DEFERRED ANNUITY CONTRACTS AND      
EQUITY INDEXED DEFERRED ANNUITY CONTRACTS                                       

 The Company amortizes DAC related to these contracts over the estimated lives
of the contracts in proportion to actual and expected future gross profits. The 
amortization includes interest based on rates in effect at inception of the     
contracts. The amount of expected future gross profits is dependent principally 
upon investment returns in excess of the amounts credited to policyholders,     
mortality, persistency, interest crediting rates, expenses to administer the    
business, creditworthiness of reinsurance counterparties, and certain economic  
variables, such as inflation. Of these factors, the Company anticipates that    
investment returns, expenses, and persistency are reasonably likely to impact   
significantly the rate of DAC amortization. On a quarterly basis, the Company   
updates the estimated gross profits with the actual gross profits for that      
period. When the actual gross profits change from previously estimated gross    
profits, the cumulative DAC amortization is re-estimated and adjusted by the    
cumulated charge or credit to current operations. When actual gross profits     
exceed those previously estimated, the DAC amortization will increase,          
resulting in a current period charge to earnings. The opposite result occurs    
when the actual gross profits are below the previously estimated gross profits. 
On a quarterly basis, the Company also updates the actual amount of business    
remaining in-force, which impact expected future gross profits. When expected   
future gross profits are below those previously estimated, the DAC amortization 
will increase, resulting in a current period charge to earnings. The opposite   
result occurs when the expected future gross profits are above the previously   
estimated expected future gross profits. Each period, the Company also reviews  
the estimated gross profits for each block of business to determine the         
recoverability of DAC balances.                                                 

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

2. DEFERRED POLICY ACQUISITION COSTS (CONTINUED)                                

FACTORS IMPACTING AMORTIZATION                                                  

The Company also periodically reviews other long-term assumptions underlying
the projections of estimated gross margins and profits. These include           
investment returns, policyholder dividend scales, interest crediting rates,     
mortality, persistency and expenses to administer business. Management annually 
updates assumptions used in the calculation of estimated gross margins and      
profits which may have significantly changed. If the update of assumptions      
causes expected future gross margins and profits to increase, DAC amortization  
will decrease, resulting in a current period increase to earnings. The opposite 
result occurs when the assumption update causes expected future gross margins   
and profits to decrease.                                                        

Amortization of DAC is attributed to net investment gains (losses) and net  
derivative gains (losses), and to other expenses for the amount of gross        
margins or profits originating from transactions other than investment gains    
and losses. Unrealized investment gains and losses represent the amount of DAC  
that would have been amortized if such gains and losses had been recognized.    

Information regarding DAC was as follows:                                   

                                                        [Enlarge/Download Table]

                                                                YEARS ENDED DECEMBER 31,    
                                                            --------------------------------
                                                               2013       2012       2011   
                                                            ---------- ---------- ----------
                                                                     (IN THOUSANDS)         
                                                                                            
Balance at January 1,...................................... $  136,661 $  178,105 $  206,677
Capitalizations............................................      2,013      1,760      2,955
Amortization related to:                                                                    
   Net investment gains (losses) and net derivative gains                                   
     (losses)..............................................     23,559   (28,204)   (21,453)
   Other expenses..........................................    (2,413)   (15,000)   (10,074)
                                                            ---------- ---------- ----------
       Total amortization..................................     21,146   (43,204)   (31,527)
                                                            ---------- ---------- ----------
Balance at December 31,.................................... $  159,820 $  136,661 $  178,105
                                                            ========== ========== ==========

3. RESERVES                                                                     

REINSURANCE LIABILITIES                                                         

Future policy benefits are measured as follows:                             

Product Type                         Measurement Assumptions:               
--------------------------------------------------------------------------- 
Assumed Participating Life           Aggregate of (i) net level premium     
                              reserves for death and endowment
                               policy benefits (calculated based
                                   upon the non-forfeiture interest rate
                                 ranging from 4% to 6% and mortality
                                 rates guaranteed in calculating the
                                cash surrender values described in
                           such contracts); and (ii) the
                               liability for terminal dividends.
--------------------------------------------------------------------------- 
Assumed traditional fixed annuities  Present value of expected future       
after annuitization                  payments. Interest rate assumptions    
                                   used in establishing such liabilities
                              range from 1% to 7% for domestic
                       business and 2% to 5% for
                     international business.

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

3. RESERVES (CONTINUED)                                                         

GUARANTEES                                                                      

The Company reinsures variable annuity products with guaranteed minimum     
benefits. The non-life contingent portion of GMWB, GMAB and the portion of      
certain GMIB that does not require annuitization are accounted for as embedded  
derivatives in policyholder account balances and other policy-related balances  
which are further discussed in Note 6. Guarantees accounted for as reinsurance  
liabilities include:                                                            

                                                        [Enlarge/Download Table]
                                                                                                 
Guarantee:                                       Measurement Assumptions:                        
-------------------------------------------------------------------------------------------------
GMDBs  .  A return of purchase payment upon   Present value of expected death benefits in        
          death even if the account value is    excess of the projected account balance          
          reduced to zero.                      recognizing the excess ratably over the          
                                                accumulation period based on the present         
                                                value of total expected assessments.             

       .  An enhanced death benefit may be    Assumptions are consistent with those used         
          available for an additional fee.      for amortizing DAC, and are thus subject to      
                                                the same variability and risk.                   

                                              Investment performance and volatility              
                                                assumptions are consistent with the historical   
                                                experience of the appropriate underlying         
                                                equity index, such as the S&P 500 Index.         

                                              Benefit assumptions are based on the               
                                                average benefits payable over a range of         
                                                scenarios.                                       
-------------------------------------------------------------------------------------------------
GMIBs  .  After a specified period of time    Present value of expected income benefits in       
          determined at the time of issuance    excess of the projected account balance at       
          of the variable annuity contract,     any future date of annuitization and             
          a minimum accumulation of purchase    recognizing the excess ratably over the          
          payments, even if the account         accumulation period based on the present         
          value is reduced to zero, that can    value of total expected assessments.             
          be annuitized to receive a monthly  Assumptions are consistent with those used         
          income stream that is not less        for estimating GMDBs liabilities.                
          than a specified amount.            Calculation incorporates an assumption for         
       .  Certain contracts also provide for    the percentage of the potential annuitizations   
          a guaranteed lump sum return of       that may be elected by the contractholder.       
          purchase premium in lieu of the                                                        
          annuitization benefit.                                                                 
-------------------------------------------------------------------------------------------------
GMWBs. .  A return of purchase payment via    Expected value of the life contingent              
          partial withdrawals, even if the      payments and expected assessments using          
          account value is reduced to zero,     assumptions consistent with those used for       
          provided that cumulative              estimating the GMDBs liabilities.                
          withdrawals in a contract year do                                                      
          not exceed a certain limit.                                                            

       .  Certain contracts include                                                              
          guaranteed withdrawals that are                                                        
          life contingent.                                                                       

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

3. RESERVES (CONTINUED)                                                         

Information regarding the liabilities for guarantees (excluding embedded    
derivatives) relating to annuity and universal and variable life contracts was  
as follows:                                                                     

                                                                [Download Table]

                                                 UNIVERSAL AND            
                                                 VARIABLE LIFE            
                              ANNUITY CONTRACTS    CONTRACTS              
-                             ------------------ -------------            
                                                   SECONDARY              
                                GMDBS    GMIBS    GUARANTEES      TOTAL   
-                             --------  -------- ------------- ---------- 
                                                                          
ASSUMED                                                                   
Balance at January 1, 2011... $204,783  $172,260    $41,159    $  418,202 
Incurred guaranteed benefits.  197,432    72,496     (1,514)      268,414 
Paid guaranteed benefits.....  (74,439)       --         --       (74,439)
                              --------  --------    -------    ---------- 
Balance at December 31, 2011.  327,776   244,756     39,645       612,177 
Incurred guaranteed benefits.  169,545   230,988     10,288       410,821 
Paid guaranteed benefits.....  (79,815)       --         --       (79,815)
                              --------  --------    -------    ---------- 
Balance at December 31, 2012.  417,506   475,744     49,933       943,183 
Incurred guaranteed benefits.  125,884    52,561      7,018       185,463 
Paid guaranteed benefits.....  (59,132)       --         --       (59,132)
                              --------  --------    -------    ---------- 
Balance at December 31, 2013. $484,258  $528,305    $56,951    $1,069,514 
                              ========  ========    =======    ========== 

CEDED                                                                     
Balance at January 1, 2011... $  8,210  $     --    $    --    $    8,210 
Incurred guaranteed benefits.      (32)       --         --           (32)
Paid guaranteed benefits.....       --        --         --            -- 
                              --------  --------    -------    ---------- 
Balance at December 31, 2011.    8,178        --         --         8,178 
Incurred guaranteed benefits.    2,920        --         --         2,920 
Paid guaranteed benefits.....       --        --         --            -- 
                              --------  --------    -------    ---------- 
Balance at December 31, 2012.   11,098        --         --        11,098 
Incurred guaranteed benefits.    3,704        --         --         3,704 
Paid guaranteed benefits.....       --        --         --            -- 
                              --------  --------    -------    ---------- 
Balance at December 31, 2013. $ 14,802  $     --    $    --    $   14,802 
                              ========  ========    =======    ========== 

NET                                                                       
Balance at January 1, 2011... $196,573  $172,260    $41,159    $  409,992 
Incurred guaranteed benefits.  197,464    72,496     (1,514)      268,446 
Paid guaranteed benefits.....  (74,439)       --         --       (74,439)
                              --------  --------    -------    ---------- 
Balance at December 31, 2011.  319,598   244,756     39,645       603,999 
Incurred guaranteed benefits.  166,625   230,988     10,288       407,901 
Paid guaranteed benefits.....  (79,815)       --         --       (79,815)
                              --------  --------    -------    ---------- 
Balance at December 31, 2012.  406,408   475,744     49,933       932,085 
Incurred guaranteed benefits.  122,180    52,561      7,018       181,759 
Paid guaranteed benefits.....  (59,132)       --         --       (59,132)
                              --------  --------    -------    ---------- 
Balance at December 31, 2013. $469,456  $528,305    $56,951    $1,054,712 
                              ========  ========    =======    ========== 

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

4. REINSURANCE                                                                  

 The Company assumes insurance risk from affiliated and unaffiliated insurance
companies. The Company also cedes certain assumed insurance risks to            
unaffiliated reinsurers.                                                        

Accounting for reinsurance requires extensive use of assumptions and        
estimates, particularly related to the future performance of the underlying     
business and the potential impact of counterparty credit risks. The Company     
periodically reviews actual and anticipated experience compared to the          
aforementioned assumptions used to establish assets and liabilities relating to 
ceded and assumed reinsurance and evaluates the financial strength of           
counterparties to its reinsurance agreements using criteria similar to that     
evaluated in the security impairment process discussed previously.              

 Premiums and policyholder benefits and claims in the statements of operations
consist of amounts assumed, partially offset by amounts ceded under reinsurance 
agreements.                                                                     

The Company assumes risks from an unaffiliated company related to guaranteed
minimum benefit guarantees written directly by the unaffiliated company. These  
assumed reinsurance agreements contain embedded derivatives and changes in      
their fair value are also included within net derivative gains (losses). The    
embedded derivatives associated with the cessions are included within           
policyholder's account balance and were liabilities of $1,262.3 million and     
$2,581.9 million at December 31, 2013 and 2012, respectively. For the years     
ended December 31, 2013, 2012 and 2011, net derivative gains (losses) included  
$1,126.5 million, ($394.9) million and $80.6 million, respectively, in changes  
in fair value of such embedded derivatives.                                     

At December 31, 2013 and 2012, the Company had $99.2 million and $287.2     
million, respectively, of unsecured unaffiliated ceded reinsurance recoverable  
balances.                                                                       

 Certain unaffiliated reinsurance agreements that do not expose the Company to
a reasonable possibility of a significant loss from insurance risk are recorded 
using the deposit method of accounting. The deposit assets on ceded             
unaffiliated reinsurance were $3.5 million and $28.9 million, at December 31,   
2013 and 2012, respectively.                                                    

The deposit liabilities on assumed unaffiliated reinsurance were $545       
thousand and $335 thousand at December 31, 2013 and 2012, respectively.         

RELATED PARTY REINSURANCE TRANSACTIONS                                          

The Company has reinsurance agreements with certain of the Holding Company's
subsidiaries, including Metropolitan Life Insurance Company, First MetLife      
Investors Insurance Company, MetLife Insurance Company of Connecticut, MetLife  
Investors USA Insurance Company, MetLife Investors Insurance Company, MetLife   
Europe Limited ("MEL"), New England Life Insurance Company and Alico Life       
International Limited, all of which are related parties.                        

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

4. REINSURANCE (CONTINUED)                                                      

Information regarding the significant effects of affiliated reinsurance     
included in the statements of operations was as follows:                        

                                                        [Enlarge/Download Table]

                                                                YEARS ENDED DECEMBER 31,        
                                                        ----------------------------------------
                                                            2013         2012          2011     
                                                        ------------ ------------ --------------
                                                                     (IN THOUSANDS)             
                                                                                                
REVENUES                                                                                        
Premiums............................................... $     23,922 $    909,170 $       29,894
Universal life and investment-type product policy fees.      450,583      398,509        283,097
Net derivative gain (loss).............................    5,678,708    (723,305)    (2,818,107)
Other revenues.........................................        1,396       22,917         43,740
                                                        ------------ ------------ --------------
 Total revenues........................................ $  6,154,609 $    607,291 $  (2,461,376)
                                                        ============ ============ ==============
EXPENSES                                                                                        
Policyholder benefits and claims....................... $    255,205 $  1,273,113 $      234,143
Interest credited to policyholder account balances.....       17,399       16,598         15,831
Policyholder dividends.................................       12,295       14,256         14,013
Other expenses.........................................       82,569       16,845         26,466
                                                        ------------ ------------ --------------
 Total expenses........................................ $    367,468 $  1,320,812 $      290,453
                                                        ============ ============ ==============

Information regarding the significant effects of affiliated reinsurance     
included in the balance sheets was as follows at:                               

                                                                [Download Table]

                                                    DECEMBER 31,       
                                             --------------------------
                                                 2013         2012     
                                             ------------ -------------
                                                   (IN THOUSANDS)      
                                                                       
ASSETS                                                                 
Funds withheld at interest.................. $  2,045,389 $   1,796,083
Premiums, reinsurance and other receivables.      243,080       160,658
Deferred policy acquisition costs...........       80,831        76,892
                                             ------------ -------------
 Total assets............................... $  2,369,300 $   2,033,633
                                             ============ =============
LIABILITIES                                                            
Future policy benefits...................... $  2,062,320 $   2,043,905
Other policy-related balances...............    3,561,663     8,130,768
Policyholder dividends payable..............       16,256        17,438
Other liabilities...........................      250,807       161,603
                                             ------------ -------------
 Total liabilities.......................... $  5,891,046 $  10,353,714
                                             ============ =============

 In September 2012, the Company entered into a reinsurance agreement to assume
100% quota share of certain blocks of indemnity reinsurance from MEL. This      
agreement covers a portion of liabilities under defined portfolios of living    
time annuities contracts issued on or after the effective date. This agreement  
transfers risk to the Company, and therefore, is accounted for as reinsurance.  
As a result of the agreement, the Company recorded future policy benefits,      
presented within future policy benefits, of $649.3 million and $792.3 million,  
other reinsurance liabilities of $16.9 million and $10.7 million, and other     
reinsurance payables, included in other                                         

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

4. REINSURANCE (CONTINUED)                                                      

liabilities, were $43.7 million and $61.1 million at December 31, 2013 and      
2012, respectively. The Company's statement of operations reflects a loss for   
this agreement of $8.6 million and $3.5 million, which includes premiums of $1  
thousand and $881.2 million and policyholder benefits of $8.6 million and       
$884.7 million for the years ended December 31, 2013 and 2012, respectively.    

The Company assumes risks from affiliates related to guaranteed minimum     
benefit guarantees written directly by the affiliates. These assumed            
reinsurance agreements contain embedded derivatives and changes in their fair   
value are also included within net derivative gains (losses). The embedded      
derivatives associated with the cessions are included within policyholder       
account balances and were liabilities of $1,226.6 million and $6,249.3 million  
at December 31, 2013 and 2012, respectively. For the years ended December 31,   
2013, 2012 and 2011, net derivative gains (losses) included $5,729.1 million,   
($729.3) million and ($2,818.1) million, respectively, in changes in fair value 
of such embedded derivatives.                                                   

The Company had no ceded affiliated reinsurance recoverable balances at     
December 31, 2013 and 2012.                                                     

5. INVESTMENTS                                                                  

 See Note 7 for information about the fair value hierarchy for investments and
the related valuation methodologies.                                            

INVESTMENT RISKS AND UNCERTAINTIES                                              

Investments are exposed to the following primary sources of risk: credit,   
interest rate, liquidity, market valuation and currency. The financial          
statement risks, stemming from such investment risks, are those associated with 
the determination of estimated fair values, the diminished ability to sell      
certain investments in times of strained market conditions, the recognition of  
impairments, the recognition of income on certain investments and the potential 
consolidation of variable interest entities ("VIEs"). The use of different      
methodologies, assumptions and inputs relating to these financial statement     
risks may have a material effect on the amounts presented within the financial  
statements.                                                                     

The determination of valuation allowances and impairments is highly         
subjective and is based upon periodic evaluations and assessments of known and  
inherent risks associated with the respective asset class. Such evaluations and 
assessments are revised as conditions change and new information becomes        
available.                                                                      

The recognition of income on certain investments (e.g., structured          
securities, including mortgage-backed securities, asset-backed securities       
("ABS") and certain structured investment transactions) is dependent upon       
certain factors such as prepayments and defaults, and changes in such factors   
could result in changes in amounts to be earned.                                

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

5. INVESTMENTS (CONTINUED)                                                      

FIXED MATURITY SECURITIES AFS                                                   

FIXED MATURITY SECURITIES AFS BY SECTOR                                       

The following table presents the fixed maturity securities AFS by sector. 
Included within fixed maturity securities are structured securities including 
commercial mortgage-backed securities ("CMBS"), ABS and residential           
mortgage-backed securities ("RMBS").                                          

                                                        [Enlarge/Download Table]

                                       DECEMBER 31, 2013                                 DECEMBER 31, 2012                
                       ------------------------------------------------- -------------------------------------------------
                                       GROSS UNREALIZED                                  GROSS UNREALIZED                 
                         COST OR   -------------------------  ESTIMATED    COST OR   -------------------------  ESTIMATED 
                        AMORTIZED           TEMPORARY  OTTI     FAIR      AMORTIZED           TEMPORARY  OTTI     FAIR    
                          COST      GAINS    LOSSES   LOSSES    VALUE       COST      GAINS    LOSSES   LOSSES    VALUE   
                       ----------- -------- --------- ------ ----------- ----------- -------- --------- ------ -----------
                                        (IN THOUSANDS)                                    (IN THOUSANDS)                  
                                                                                                                          
FIXED MATURITY                                                                                                            
 SECURITIES:                                                                                                              
Foreign corporate..... $   535,332 $  5,294 $  7,203   $ --  $   533,423 $   621,950 $ 11,286  $ 1,814   $ --  $   631,422
U.S. corporate........     255,510   10,478    2,366     --      263,622     302,993   19,714      241     --      322,466
CMBS..................     135,781    1,724    4,941     --      132,564      82,307    4,019       --     --       86,326
State and political                                                                                                       
 subdivision..........     114,310    6,862      916     --      120,256     115,352   20,220        5     --      135,567
U.S. Treasury and                                                                                                         
 agency...............     101,947    1,225    3,924     --       99,248     290,766    2,765        2     --      293,529
ABS...................      79,461    1,323      264     --       80,520     195,178    2,707        9     --      197,876
RMBS..................      61,322    2,261      794     --       62,789      76,727    5,179       --     --       81,906
Foreign government....      28,259      400       --     --       28,659      34,640    1,887       --     --       36,527
                       ----------- -------- --------   ----  ----------- ----------- --------  -------   ----  -----------
 Total fixed maturity                                                                                                     
  securities.......... $ 1,311,922 $ 29,567 $ 20,408   $ --  $ 1,321,081 $ 1,719,913 $ 67,777  $ 2,071   $ --  $ 1,785,619
                       =========== ======== ========   ====  =========== =========== ========  =======   ====  ===========

The Company held no non-income producing fixed maturity securities at     
December 31, 2013 and 2012.                                                   

METHODOLOGY FOR AMORTIZATION OF PREMIUM AND ACCRETION OF DISCOUNT ON          
STRUCTURED SECURITIES                                                           

Amortization of premium or accretion of discount on structured securities 
considers the estimated timing and amount of prepayments of the underlying    
loans. Actual prepayment experience is periodically reviewed and effective    
yields are recalculated when differences arise between the originally         
anticipated and the actual prepayments received and currently anticipated.    
Prepayment assumptions for single class and multi-class mortgage-backed and   
ABS are estimated using inputs obtained from third-party specialists and based
on management's knowledge of the current market. For credit-sensitive         
mortgage-backed and ABS and certain prepayment-sensitive securities, the      
effective yield is recalculated on a prospective basis. For all other         
mortgage-backed and ABS, the effective yield is recalculated on a             
retrospective basis.                                                          

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

5. INVESTMENTS (CONTINUED)                                                      

MATURITIES OF FIXED MATURITY SECURITIES                                       

The amortized cost and estimated fair value of fixed maturity securities, by
contractual maturity date, were as follows at:                                  

                                                        [Enlarge/Download Table]

                                                           DECEMBER 31,                
                                            -------------------------------------------
                                                    2013                  2012         
                                            --------------------- ---------------------
                                                       ESTIMATED             ESTIMATED 
                                            AMORTIZED    FAIR     AMORTIZED    FAIR    
                                              COST       VALUE      COST       VALUE   
                                            ---------- ---------- ---------- ----------
                                                          (IN THOUSANDS)               
                                                                                       
Due in one year or less.................... $  246,228 $  246,780 $  273,190 $  273,472
Due after one year through five years......    280,090    283,376    520,894    524,882
Due after five years through ten years.....    308,324    311,927    364,081    386,994
Due after ten years........................    200,716    203,125    207,536    234,163
                                            ---------- ---------- ---------- ----------
 Subtotal..................................  1,035,358  1,045,208  1,365,701  1,419,511
Structured securities (CMBS, ABS and RMBS).    276,564    275,873    354,212    366,108
                                            ---------- ---------- ---------- ----------
 Total fixed maturity securities........... $1,311,922 $1,321,081 $1,719,913 $1,785,619
                                            ========== ========== ========== ==========

Actual maturities may differ from contractual maturities due to the exercise
of call or prepayment options. Fixed maturity securities not due at a single    
maturity date have been presented in the year of final contractual maturity.    
CMBS, ABS and RMBS are shown separately, as they are not due at a single        
maturity.                                                                       

CONTINUOUS GROSS UNREALIZED LOSSES FOR FIXED MATURITY SECURITIES AFS BY SECTOR

The following table presents the estimated fair value and gross unrealized  
losses of fixed maturity securities AFS in an unrealized loss position,         
aggregated by sector and by length of time that the securities have been in a   
continuous unrealized loss position. The unrealized loss amounts include the    
noncredit component of OTTI loss.                                               

                                                        [Enlarge/Download Table]

                                           DECEMBER 31, 2013                          DECEMBER 31, 2012             
                               ------------------------------------------ ------------------------------------------
                                                     EQUAL TO OR GREATER                        EQUAL TO OR GREATER 
                                LESS THAN 12 MONTHS     THAN 12 MONTHS     LESS THAN 12 MONTHS     THAN 12 MONTHS   
                               --------------------- -------------------- --------------------- --------------------
                               ESTIMATED    GROSS    ESTIMATED   GROSS    ESTIMATED    GROSS    ESTIMATED   GROSS   
                                 FAIR     UNREALIZED   FAIR    UNREALIZED   FAIR     UNREALIZED   FAIR    UNREALIZED
                                 VALUE      LOSSES     VALUE     LOSSES     VALUE      LOSSES     VALUE     LOSSES  
                               ---------- ---------- --------- ---------- ---------- ---------- --------- ----------
                                                    (IN THOUSANDS, EXCEPT NUMBER OF SECURITIES)                     
                                                                                                                    
FIXED MATURITY SECURITIES:                                                                                          
Foreign corporate............. $  214,876 $   7,203  $     --     $ --    $  288,797  $  1,814    $  --     $  --   
U.S. corporate................     50,458     1,771     4,378      595        54,064       241       --        --   
CMBS..........................     62,872     4,941        --       --            --        --       --        --   
State and political                                                                                                 
 subdivision..................     14,936       916        --       --           775         5       --        --   
U.S. Treasury and agency......     28,434     3,924        --       --         2,522         2       --        --   
ABS...........................     18,907       264        --       --        72,441         9       --        --   
RMBS..........................     17,541       794        --       --            --        --       --        --   
                               ---------- ---------  --------     ----    ----------  --------    -----     -----   
  Total fixed maturity                                                                                              
   securities................. $  408,024 $  19,813  $  4,378     $595    $  418,599  $  2,071    $  --     $  --   
                               ========== =========  ========     ====    ==========  ========    =====     =====   
Total number of securities in                                                                                       
 an unrealized loss                                                                                                 
 position.....................         79                   2                     67                 --             
                               ==========            ========             ==========              =====             

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

5. INVESTMENTS (CONTINUED)                                                      

EVALUATION OF AFS SECURITIES FOR OTTI AND EVALUATING TEMPORARILY IMPAIRED AFS 
SECURITIES                                                                      

EVALUATION AND MEASUREMENT METHODOLOGIES                                    

  Management considers a wide range of factors about the security issuer and
uses its best judgment in evaluating the cause of the decline in the        
estimated fair value of the security and in assessing the prospects for     
near-term recovery. Inherent in management's evaluation of the security are 
assumptions and estimates about the operations of the issuer and its future 
earnings potential. Considerations used in the impairment evaluation process
include, but are not limited to: (i) the length of time and the extent to   
which the estimated fair value has been below amortized cost; (ii) the      
potential for impairments when the issuer is experiencing significant       
financial difficulties; (iii) the potential for impairments in an entire    
industry sector or sub-sector; (iv) the potential for impairments in certain
economically depressed geographic locations; (v) the potential for          
 impairments of securities where the issuer, series of issuers or industry has
 suffered a catastrophic loss or has exhausted natural resources; (vi) whether
the Company has the intent to sell or will more likely than not be required 
to sell a particular security before the decline in estimated fair value    
below amortized cost recovers; (vii) with respect to structured securities, 
changes in forecasted cash flows after considering the quality of underlying
 collateral, expected prepayment speeds, current and forecasted loss severity,
consideration of the payment terms of the underlying assets backing a       
 particular security, and the payment priority within the tranche structure of
the security; and (viii) other subjective factors, including concentrations 
and information obtained from regulators and rating agencies.               

The methodology and significant inputs used to determine the amount of  
credit loss on fixed maturity securities are as follows:                    

  .  The Company calculates the recovery value by performing a discounted cash
flow analysis based on the present value of future cash flows. The  
  discount rate is generally the effective interest rate of the security
prior to impairment.                                                

.  When determining collectability and the period over which value is     
   expected to recover, the Company applies considerations utilized in its
overall impairment evaluation process which incorporates information
regarding the specific security, fundamentals of the industry and   
geographic area in which the security issuer operates, and overall  
     macroeconomic conditions. Projected future cash flows are estimated using
assumptions derived from management's best estimates of likely      
scenario-based outcomes after giving consideration to a variety of  
variables that include, but are not limited to: payment terms of the
 security; the likelihood that the issuer can service the interest and
  principal payments; the quality and amount of any credit enhancements;
the security's position within the capital structure of the issuer; 
possible corporate restructurings or asset sales by the issuer; and 
   changes to the rating of the security or the issuer by rating agencies.

.  Additional considerations are made when assessing the unique features  
  that apply to certain structured securities including, but not limited
 to: the quality of underlying collateral, expected prepayment speeds;
    current and forecasted loss severity, consideration of the payment terms
    of the underlying loans or assets backing a particular security, and the
payment priority within the tranche structure of the security.      

.  When determining the amount of the credit loss for U.S. and foreign    
    corporate securities and state and political subdivision securities, the
estimated fair value is considered the recovery value when available

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

5. INVESTMENTS (CONTINUED)                                                      

 information does not indicate that another value is more appropriate.
     When information is identified that indicates a recovery value other than
estimated fair value, management considers in the determination of  
     recovery value the same considerations utilized in its overall impairment
evaluation process as described above, as well as private and public
sector programs to restructure such securities.                     

With respect to securities that have attributes of debt and equity      
 (perpetual hybrid securities), consideration is given in the OTTI analysis as
to whether there has been any deterioration in the credit of the issuer and 
the likelihood of recovery in value of the securities that are in a severe  
and extended unrealized loss position. Consideration is also given as to    
whether any perpetual hybrid securities, with an unrealized loss, regardless
of credit rating, have deferred any dividend payments. When an OTTI loss has
 occurred, the OTTI loss is the entire difference between the perpetual hybrid
security's cost and its estimated fair value with a corresponding charge to 
earnings.                                                                   

   The amortized cost of fixed maturity securities is adjusted for OTTI in the
period in which the determination is made. The Company does not change the  
revised cost basis for subsequent recoveries in value.                      

In periods subsequent to the recognition of OTTI on a fixed maturity    
security, the Company accounts for the impaired security as if it had been  
purchased on the measurement date of the impairment. Accordingly, the       
discount (or reduced premium) based on the new cost basis is accreted over  
the remaining term of the fixed maturity security in a prospective manner   
based on the amount and timing of estimated future cash flows.              

CURRENT PERIOD EVALUATION                                                   

Based on the Company's current evaluation of its AFS securities in an   
unrealized loss position in accordance with its impairment policy, and the  
Company's current intentions and assessments (as applicable to the type of  
security) about holding, selling and any requirements to sell these         
securities, the Company has concluded that these securities are not         
 other-than-temporarily impaired at December 31, 2013. Future OTTI will depend
primarily on economic fundamentals, issuer performance (including changes in
the present value of future cash flows expected to be collected) and changes
in credit ratings, collateral valuation, interest rates and credit spreads. 
If economic fundamentals deteriorate or if there are adverse changes in the 
above factors, OTTI may be incurred in upcoming periods.                    

Gross unrealized losses on fixed maturity securities increased          
$18.3 million during the year ended December 31, 2013 from $2.1 million to  
$20.4 million. The increase in gross unrealized losses for the year ended   
December 31, 2013, was primarily attributable to an increase in interest    
rates, partially offset by narrowing credit spreads.                        

At December 31, 2013, there were no fixed maturity securities with an   
unrealized loss position of 20% or more of amortized cost for six months or 
greater.                                                                    

FUNDS WITHHELD AT INTEREST                                                      

 Funds withheld at interest represent amounts contractually withheld by ceding
companies in accordance with reinsurance agreements. At December 31, 2013 and   
2012, such amounts consisted of balances withheld in connection with            
reinsurance agreements with affiliates of the Holding Company, as presented in  
Note 4, and an unaffiliated company.                                            

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

5. INVESTMENTS (CONTINUED)                                                      

CASH EQUIVALENTS                                                                

The carrying value of cash equivalents, which includes securities and other 
investments with an original or remaining maturity of three months or less at   
the time of purchase, was $40.8 million and $410.6 million at December 31, 2013 
and 2012, respectively.                                                         

NET UNREALIZED INVESTMENT GAINS (LOSSES)                                        

 The components of net unrealized investment gains (losses), included in AOCI,
were as follows:                                                                

                                                                [Download Table]

                                                YEARS ENDED DECEMBER 31,     
                                           ----------------------------------
                                              2013       2012        2011    
                                           ---------- ----------- -----------
                                                     (IN THOUSANDS)          
                                                                             
Fixed maturity securities................. $    9,072 $    65,706 $    41,752
Equity securities.........................         --          --     (1,063)
Deferred income tax benefit (expense).....    (3,176)    (22,997)    (14,241)
                                           ---------- ----------- -----------
 Net unrealized investment gains (losses). $    5,896 $    42,709 $    26,448
                                           ========== =========== ===========

The changes in net unrealized investment gains (losses) were as follows:    

                                                        [Enlarge/Download Table]

                                                          YEARS ENDED DECEMBER 31,     
                                                      ---------------------------------
                                                         2013       2012       2011    
                                                      ----------- --------- -----------
                                                               (IN THOUSANDS)          
                                                                                       
Balance, January 1,.................................. $    42,709 $  26,448 $     3,341
Unrealized investment gains (losses) during the year.    (56,634)    25,017      35,549
Deferred income tax benefit (expense)................      19,821   (8,756)    (12,442)
                                                      ----------- --------- -----------
Balance, December 31,................................ $     5,896 $  42,709 $    26,448
                                                      =========== ========= ===========
Change in net unrealized investment gains (losses)... $  (36,813) $  16,261 $    23,107
                                                      =========== ========= ===========

CONCENTRATIONS OF CREDIT RISK                                                   

There were no investments in any counterparty that were greater than 10% of 
the Company's stockholder's equity, other than the U.S. government and its      
agencies, at both December 31, 2013 and 2012.                                   

INVESTED ASSETS HELD IN TRUST AND PLEDGED AS COLLATERAL                         

Invested assets held in trust and pledged as collateral are presented below 
at estimated fair value for cash and cash equivalents, short-term investments,  
and fixed maturity securities at:                                               

                                                        [Enlarge/Download Table]

                                                                    DECEMBER 31,     
                                                                ---------------------
                                                                   2013       2012   
                                                                ---------- ----------
                                                                   (IN THOUSANDS)    
                                                                                     
Invested assets held in trust (1).............................. $2,754,170 $4,697,418
Invested assets pledged as collateral (2)......................  1,024,682    289,145
                                                                ---------- ----------
 Total invested assets held in trust and pledged as collateral. $3,778,852 $4,986,563
                                                                ========== ==========

--------                                                                        

(1)The Company has held in trust certain investments, primarily fixed maturity  
securities, in connection with certain reinsurance transactions.          

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

5. INVESTMENTS (CONTINUED)                                                      

(2)Certain of the Company's invested assets are pledged as collateral for       
various derivative transactions as described in Note 6.                   

VARIABLE INTEREST ENTITIES                                                      

 The Company has invested in certain structured transactions that are VIEs. In
certain instances, the Company may hold both the power to direct the most       
significant activities of the entity, as well as an economic interest in the    
entity and, as such, it would be deemed to be the primary beneficiary or        
consolidator of the entity.                                                     

The determination of the VIE's primary beneficiary requires an evaluation of
the contractual and implied rights and obligations associated with each party's 
relationship with or involvement in the entity, an estimate of the entity's     
expected losses and expected residual returns and the allocation of such        
estimates to each party involved in the entity. The Company generally uses a    
qualitative approach to determine whether it is the primary beneficiary.        
However, for VIEs that are investment companies or apply measurement principles 
consistent with those utilized by investment companies, the primary beneficiary 
is based on a risks and rewards model and is defined as the entity that will    
absorb a majority of a VIE's expected losses, receive a majority of a VIE's     
expected residual returns if no single entity absorbs a majority of expected    
losses, or both. The Company reassesses its involvement with VIEs on a          
quarterly basis. The use of different methodologies, assumptions and inputs in  
the determination of the primary beneficiary could have a material effect on    
the amounts presented within the financial statements.                          

CONSOLIDATED VIES                                                             

There were no VIEs for which the Company has concluded that it is the     
primary beneficiary and which are consolidated at December 31, 2013 and 2012. 

UNCONSOLIDATED VIES                                                           

The carrying amount and maximum exposure to loss relating to VIEs in which
the Company holds a significant variable interest but is not the primary      
beneficiary and which have not been consolidated were as follows at:          

                                                        [Enlarge/Download Table]

                                                               DECEMBER 31,               
                                                 -----------------------------------------
                                                         2013                 2012        
                                                 -------------------- --------------------
                                                            MAXIMUM              MAXIMUM  
                                                 CARRYING  EXPOSURE   CARRYING  EXPOSURE  
                                                  VALUE   TO LOSS (1)  VALUE   TO LOSS (1)
                                                 -------- ----------- -------- -----------
                                                              (IN THOUSANDS)              
                                                                                          
Fixed maturity securities AFS:                                                            
 Structured securities (ABS, CMBS and RMBS) (2). $275,873  $275,873   $366,108  $366,108  
 Foreign corporate..............................    5,186     5,186      5,525     5,525  
                                                 --------  --------   --------  --------  
   Total........................................ $281,059  $281,059   $371,633  $371,633  
                                                 ========  ========   ========  ========  

--------                                                                        
(1)The maximum exposure to loss relating to fixed maturity securities is equal  
to their carrying amounts or the carrying amounts of retained interests.  

(2)For these variable interests, the Company's involvement is limited to that   
of a passive investor.                                                    

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

5. INVESTMENTS (CONTINUED)                                                      

NET INVESTMENT INCOME                                                           

The components of net investment income were as follows:                    

                                                                [Download Table]

                                                     YEARS ENDED DECEMBER 31, 
                                                    --------------------------
                                                      2013     2012     2011  
                                                    -------- -------- --------
                                                          (IN THOUSANDS)      
                                                                              
Investment Income:                                                            
 Fixed maturity securities......................... $ 41,202 $ 29,831 $ 23,825
 Equity securities.................................       --       94      619
 Cash, cash equivalents and short-term investments.    3,247    6,415    3,314
 Other.............................................  (3,155)  (4,792)  (4,622)
                                                    -------- -------- --------
   Subtotal........................................   41,294   31,548   23,136
                                                    -------- -------- --------
 Less: Investment expenses.........................    5,871   10,853    5,898
                                                    -------- -------- --------
   Net investment income........................... $ 35,423 $ 20,695 $ 17,238
                                                    ======== ======== ========

See "-- Related Party Investment Transactions" for discussion of affiliated 
net investment income and expenses included in the table above.                 

NET INVESTMENT GAINS (LOSSES)                                                   

COMPONENTS OF NET INVESTMENT GAINS (LOSSES)                                   

The components of net investment gains (losses) were as follows:          

                                                                [Download Table]

                                            YEARS ENDED DECEMBER 31, 
                                           --------------------------
                                             2013     2012     2011  
                                           --------- ------- --------
                                                 (IN THOUSANDS)      
                                                                     
Fixed maturity securities................. $   2,066 $   711 $  4,717
Equity securities.........................        --   3,675    (292)
Other investment portfolio gains (losses).  (58,647)  37,407  (5,511)
                                           --------- ------- --------
 Total net investment gains (losses)...... $(56,581) $41,793 $(1,086)
                                           ========= ======= ========

Gains (losses) from foreign currency transactions included within net     
investment gains (losses) were ($59.2) million, $37.3 million and ($5.9)      
million for the years ended December 31, 2013, 2012 and 2011, respectively.   

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

5. INVESTMENTS (CONTINUED)                                                      

SALES OR DISPOSALS OF FIXED MATURITY AND EQUITY SECURITIES                    

  Proceeds from sales or disposals of fixed maturity and equity securities and
the components of fixed maturity and equity securities net investment gains   
(losses) are as shown in the table below. Investment gains and losses on sales
of securities are determined on a specific identification basis.              

                                                        [Enlarge/Download Table]

                            YEARS ENDED DECEMBER 31,     YEARS ENDED DECEMBER 31,    YEARS ENDED DECEMBER 31,    
                         ------------------------------- -----------------------  -------------------------------
                            2013      2012       2011    2013     2012     2011      2013      2012       2011   
                         ---------- --------- ---------- -----  -------- -------- ---------- --------- ----------
                            FIXED MATURITY SECURITIES       EQUITY SECURITIES                  TOTAL             
                         ------------------------------- -----------------------  -------------------------------
                                                             (IN THOUSANDS)                                      
                                                                                                                 
Proceeds................ $  251,239 $  34,432 $  421,298 $  --  $  7,212 $  2,880 $  251,239 $  41,644 $  424,178
                         ========== ========= ========== =====  ======== ======== ========== ========= ==========
Gross investment                                                                                                 
 gains.................. $    2,721 $     755 $    5,178 $  --  $  3,675 $     -- $    2,721 $   4,430 $    5,178
Gross investment                                                                                                 
 losses.................      (655)      (44)      (461)    --        --    (292)      (655)      (44)      (753)
                         ---------- --------- ---------- -----  -------- -------- ---------- --------- ----------
  Net investment gains                                                                                           
   (losses)............. $    2,066 $     711 $    4,717 $  --  $  3,675 $  (292) $    2,066 $   4,386 $    4,425
                         ========== ========= ========== =====  ======== ======== ========== ========= ==========

 There were no OTTI losses on fixed maturity securities or equity securities
during the years ended December 31, 2013, 2012 and 2011.                      

RELATED PARTY INVESTMENT TRANSACTIONS                                           

In the normal course of business, the Company transfers invested assets,    
primarily consisting of fixed maturity securities, to and from affiliates.      
There were no invested assets transferred to affiliates for the years ended     
December 31, 2013 and 2012. There were no invested assets transferred from      
affiliates for the year ended December 31, 2013. The estimated fair value of    
invested assets transferred from affiliates for the year ended December 31,     
2012 was $857.4 million. There were no invested assets transferred from         
affiliates for the year ended December 31, 2011.                                

The Company receives investment administrative services from an affiliate.  
The related investment administrative service charges were $4.6 million, $7.2   
million and $4.5 million for the years ended December 31, 2013, 2012 and 2011,  
respectively.                                                                   

6. DERIVATIVES                                                                  

ACCOUNTING FOR DERIVATIVES                                                      

See Note 1 for a description of the Company's accounting policies for       
derivatives and Note 7 for information about the fair value hierarchy for       
derivatives.                                                                    

DERIVATIVE STRATEGIES                                                           

The Company is exposed to various risks relating to its ongoing business    
operations, including interest rate, foreign currency exchange rate and equity  
market. The Company uses a variety of strategies to manage these risks,         
including the use of derivatives.                                               

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

6. DERIVATIVES (CONTINUED)                                                      

Derivatives are financial instruments whose values are derived from interest
rates, foreign currency exchange rates, credit spreads and/or other financial   
indices. Derivatives may be exchange-traded or contracted in the                
over-the-counter ("OTC") market. Certain of the Company's OTC derivatives may   
be cleared and settled through central clearing counterparties ("OTC-cleared"), 
while others are bilateral contracts between two                                
counterparties ("OTC-bilateral"). The types of derivatives the Company uses     
include swaps, forwards, futures and option contracts. The Company also         
purchases certain securities and engages in certain reinsurance agreements that 
have embedded derivatives.                                                      

 The Company utilizes all derivatives in non-qualifying hedging relationships.

INTEREST RATE DERIVATIVES                                                     

The Company uses a variety of interest rate derivatives to reduce its     
exposure to changes in interest rates, including interest rate swaps, futures 
and options.                                                                  

  Interest rate swaps are used by the Company primarily to reduce market risks
from changes in interest rates and to alter interest rate exposure arising    
from mismatches between assets and liabilities (duration mismatches). In an   
interest rate swap, the Company agrees with another party to exchange, at     
specified intervals, the difference between fixed rate and floating rate      
interest amounts as calculated by reference to an agreed notional amount.     

 In exchange-traded interest rate Treasury futures transactions, the Company
agrees to purchase or sell a specified number of contracts, the value of which
is determined by the different classes of interest rate securities, and to    
post variation margin on a daily basis in an amount equal to the difference in
the daily market values of those contracts. The Company enters into           
exchange-traded futures with regulated futures commission merchants that are  
members of the exchange. Exchange-traded interest rate Treasury futures are   
used primarily to hedge mismatches between the duration of assets in a        
portfolio and the duration of liabilities supported by those assets, to hedge 
against changes in value of securities the Company owns or anticipates        
acquiring and to hedge against changes in interest rates on anticipated       
liability issuances by replicating Treasury or swap curve performance.        

Swaptions are used by the Company to hedge interest rate risk associated  
with the Company's long-term liabilities and invested assets. A swaption is an
option to enter into a swap with a forward starting effective date. In certain
instances, the Company locks in the economic impact of existing purchased     
swaptions by entering into offsetting written swaptions. The Company pays a   
premium for purchased swaptions and receives a premium for written swaptions. 
Swaptions are included in interest rate options.                              

FOREIGN CURRENCY EXCHANGE RATE DERIVATIVES                                    

The Company uses foreign currency forwards to reduce the risk from        
fluctuations in foreign currency exchange rates associated with its assets and
liabilities denominated in foreign currencies. In a foreign currency forward  
transaction, the Company agrees with another party to deliver a specified     
amount of an identified currency at a specified future date. The price is     
agreed upon at the time of the contract and payment for such a contract is    
made at the specified future date.                                            

To a lesser extent, the Company uses exchange-traded currency futures to  
hedge currency mismatches between assets and liabilities.                     

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

6. DERIVATIVES (CONTINUED)                                                      

EQUITY DERIVATIVES                                                            

The Company uses a variety of equity derivatives to reduce its exposure to
equity market risk, including equity index options, variance swaps,           
exchange-traded equity futures and total rate of return swaps ("TRRs").       

Equity index options are used by the Company primarily to hedge minimum   
guarantees embedded in certain variable annuity products assumed by the       
Company. To hedge against adverse changes in equity indices, the Company      
enters into contracts to sell the equity index within a limited time at a     
contracted price. The contracts will be net settled in cash based on          
differentials in the indices at the time of exercise and the strike price.    
Certain of these contracts may also contain settlement provisions linked to   
interest rates. In certain instances, the Company may enter into a combination
of transactions to hedge adverse changes in equity indices within a           
pre-determined range through the purchase and sale of options.                

Equity variance swaps are used by the Company primarily to hedge minimum  
guarantees embedded in certain variable annuity products reinsured by the     
Company. In an equity variance swap, the Company agrees with another party to 
exchange amounts in the future, based on changes in equity volatility over a  
defined period.                                                               

In exchange-traded equity futures transactions, the Company agrees to     
purchase or sell a specified number of contracts, the value of which is       
determined by the different classes of equity securities, and to post         
variation margin on a daily basis in an amount equal to the difference in the 
daily market values of those contracts. The Company enters into               
exchange-traded futures with regulated futures commission merchants that are  
members of the exchange. Exchange-traded equity futures are used primarily to 
hedge liabilities embedded in certain variable annuity products reinsured by  
the Company.                                                                  

  TRRs are swaps whereby the Company agrees with another party to exchange, at
specified intervals, the difference between the economic risk and reward of an
asset or a market index and the London Inter-Bank Offered Rate ("LIBOR"),     
calculated by reference to an agreed notional amount. No cash is exchanged at 
the outset of the contract. Cash is paid and received over the life of the    
contract based on the terms of the swap. The Company uses TRRs to hedge its   
equity market guarantees in certain of its reinsured products. TRRs can be    
used as hedges or to synthetically create investments.                        

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

6. DERIVATIVES (CONTINUED)                                                      

PRIMARY RISKS MANAGED BY DERIVATIVES                                            

The following table presents the gross notional amount, estimated fair value
and primary underlying risk exposure of the Company's derivatives, excluding    
embedded derivatives, held at:                                                  

                                                                [Download Table]


DERIVATIVES NOT                                            
DESIGNATED OR NOT                                          
QUALIFYING AS HEDGING          PRIMARY UNDERLYING RISK     
INSTRUMENTS                            EXPOSURE            
---------------------       -------------------------------

                                                           
Interest rate swaps........ Interest rate..................
Interest rate futures...... Interest rate..................
Interest rate options...... Interest rate..................
Foreign currency forwards.. Foreign currency exchange rate.
Currency futures........... Foreign currency exchange rate.
Equity futures............. Equity market..................
Equity options............. Equity market..................
Variance swaps............. Equity market..................
Total rate of return swaps. Equity market..................

 Total non-designated or non-qualifying derivatives....... 

                                                        [Enlarge/Download Table]

                                         DECEMBER 31, 2013                  DECEMBER 31, 2012         
                                ----------------------------------- ----------------------------------
                                              ESTIMATED FAIR VALUE               ESTIMATED FAIR VALUE 
                                             ----------------------             ----------------------
   PRIMARY UNDERLYING RISK        NOTIONAL     NOTIONAL                                               
           EXPOSURE                AMOUNT      ASSETS   LIABILITIES   AMOUNT      ASSETS   LIABILITIES
------------------------------- ------------ ---------- ----------- ----------- ---------- -----------
                                                            (IN THOUSANDS)                            
                                                                                                      
Interest rate.................. $ 23,221,522 $1,040,377 $  562,851  $22,298,852 $1,867,230 $  611,572 
Interest rate..................    4,462,013      9,047      6,547    6,437,033        598     20,980 
Interest rate..................   17,690,095    131,341    235,516   11,440,095    302,989     58,486 
Foreign currency exchange rate.    2,324,152        728    171,078    2,281,296      1,051    177,496 
Foreign currency exchange rate.      364,550      1,169      1,022      518,160      3,864         -- 
Equity market..................    4,327,600      1,284     39,600    5,898,717     14,146    105,452 
Equity market..................   31,414,484  1,024,034  1,005,551   18,897,916  2,346,326    355,433 
Equity market..................   18,917,116    167,519    469,330   17,177,849    111,788    241,073 
Equity market..................    3,339,982         --    156,959    2,791,568      4,436     95,505 
                                ------------ ---------- ----------  ----------- ---------- ---------- 
$106,061,514 $2,375,499 $2,648,454  $87,741,486 $4,652,428 $1,665,997                                 
                                ============ ========== ==========  =========== ========== ========== 

NET DERIVATIVE GAINS (LOSSES)                                                   

The components of net derivative gains (losses) were as follows:            

                                                                [Download Table]

                                                 YEARS ENDED DECEMBER 31,         
                                        ------------------------------------------
                                             2013           2012          2011    
                                        -------------- -------------- ------------
                                                      (IN THOUSANDS)              
                                                                                  
Derivatives and hedging gains (losses). $  (4,841,296) $  (2,586,885) $  2,941,895
Embedded derivatives...................      6,776,544    (1,089,704)  (2,711,461)
                                        -------------- -------------- ------------
 Total net derivatives gains (losses).. $    1,935,248 $  (3,676,589) $    230,434
                                        ============== ============== ============

The following table presents earned income on derivatives for the:          

                                                                [Download Table]

                                        YEARS ENDED DECEMBER 31,      
                                  ------------------------------------
                                      2013         2012        2011   
                                  ------------ ------------ ----------
                                             (IN THOUSANDS)           
                                                                      
Net derivative gains (losses).... $  (262,379) $     20,202 $  141,929
Policyholder benefits and claims.    (274,848)    (113,899)     16,833
                                  ------------ ------------ ----------
 Total........................... $  (537,227) $   (93,697) $  158,762
                                  ============ ============ ==========

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

6. DERIVATIVES (CONTINUED)                                                      

NON-QUALIFYING DERIVATIVES                                                      

The following table presents the amount and location of gains (losses)      
recognized in income for derivatives that were not designated or qualifying as  
hedging instruments:                                                            

                                                                [Download Table]

                                                  NET       POLICYHOLDER
                                               DERIVATIVE   BENEFITS AND
                                             GAINS (LOSSES)  CLAIMS (1) 
                                             -------------- ------------
                                                   (IN THOUSANDS)       
                                                                        
FOR THE YEAR ENDED DECEMBER 31, 2013:                                   
 Interest rate derivatives.................. $    (925,139) $    (1,364)
 Foreign currency exchange rate derivatives.      (514,563)           --
 Equity derivatives.........................    (3,139,215)    (635,931)
                                             -------------- ------------
   Total.................................... $  (4,578,917) $  (637,295)
                                             ============== ============
FOR THE YEAR ENDED DECEMBER 31, 2012:                                   
 Interest rate derivatives.................. $    (204,299) $         --
 Foreign currency exchange rate derivatives.      (284,745)           --
 Equity derivatives.........................    (2,118,043)    (367,490)
                                             -------------- ------------
   Total.................................... $  (2,607,087) $  (367,490)
                                             ============== ============
FOR THE YEAR ENDED DECEMBER 31, 2011:                                   
 Interest rate derivatives.................. $    1,527,402 $         --
 Foreign currency exchange rate derivatives.        143,177           --
 Equity derivatives.........................      1,129,387     (82,696)
                                             -------------- ------------
   Total.................................... $    2,799,966 $   (82,696)
                                             ============== ============

--------                                                                        

(1)Changes in estimated fair value related to economic hedges of reinsured      
variable annuity guarantees.                                              

CREDIT RISK ON FREESTANDING DERIVATIVES                                         

The Company may be exposed to credit-related losses in the event of         
nonperformance by counterparties to derivatives. Generally, the current credit  
exposure of the Company's derivatives is limited to the net positive estimated  
fair value of derivatives at the reporting date after taking into consideration 
the existence of master netting or similar agreements and any collateral        
received pursuant to such agreements.                                           

The Company manages its credit risk related to derivatives by entering into 
transactions with creditworthy counterparties and establishing and monitoring   
exposure limits. The Company's OTC-bilateral derivative transactions are        
generally governed by International Swaps and Derivatives Association ("ISDA")  
Master Agreements which provide for legally enforceable set-off and close-out   
netting of exposures to specific counterparties in the event of early           
termination of a transaction, which includes, but is not limited to, events of  
default and bankruptcy. In the event of an early termination, the Company is    
permitted to set-off receivables from the counterparty against payables to the  
same counterparty arising out of all included transactions. Substantially all   
of the Company's ISDA Master Agreements also include Credit Support Annex       
provisions which require both the pledging and accepting of collateral in       
connection with its OTC-bilateral derivatives. See Note 7 for a description of  
the impact of credit risk on the valuation of derivatives.                      

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

6. DERIVATIVES (CONTINUED)                                                      

The estimated fair value of the Company's net derivative assets and net     
derivative liabilities after the application of master netting agreements and   
collateral was as follows at:                                                   

                                                        [Enlarge/Download Table]

                                                              DECEMBER 31, 2013         DECEMBER 31, 2012    
                                                          ------------------------- -------------------------
DERIVATIVES SUBJECT TO A MASTER NETTING ARRANGEMENT OR A                                                     
SIMILAR ARRANGEMENT                                          ASSETS    LIABILITIES     ASSETS    LIABILITIES 
--------------------------------------------------------  ------------ ------------ ------------ ------------
                                                                            (IN THOUSANDS)                   
                                                                                                             
 Gross estimated fair value of derivatives:                                                                  
  OTC-bilateral.......................................... $  2,430,173 $  2,593,152 $  4,708,762 $  1,534,233
  Exchange-traded........................................       11,500       47,169       18,608      126,432
                                                          ------------ ------------ ------------ ------------
    Total gross estimated fair value of                                                                      
      derivatives (1)....................................    2,441,673    2,640,321    4,727,370    1,660,665
 Amounts offset in the balance sheets....................           --           --           --           --
                                                          ------------ ------------ ------------ ------------
 Estimated fair value of derivatives presented in the                                                        
   balance sheets (1)....................................    2,441,673    2,640,321    4,727,370    1,660,665
 Gross amounts not offset in the balance sheets:                                                             
 Gross estimated fair value of derivatives: (2)                                                              
  OTC-bilateral..........................................  (1,869,869)  (1,869,869)  (1,518,669)  (1,518,669)
  Exchange-traded........................................      (5,368)      (5,368)     (18,608)     (18,608)
 Cash collateral (3)                                                                                         
  OTC-bilateral..........................................    (163,210)           --  (1,473,376)           --
  Exchange-traded........................................           --     (39,008)           --    (107,824)
 Securities collateral (4)                                                                                   
  OTC-bilateral..........................................    (377,561)    (646,079)  (1,716,717)     (13,667)
  Exchange-traded........................................           --      (2,793)           --           --
                                                          ------------ ------------ ------------ ------------
 Net amount after application of master netting                                                              
   agreements and collateral............................. $     25,665 $     77,204 $         -- $      1,897
                                                          ============ ============ ============ ============

--------                                                                        

(1)At December 31, 2013 and 2012, derivative assets include income or expense   
accruals reported in accrued investment income or in other liabilities of 
$66,175 thousand and $74,942 thousand, respectively, and derivative       
liabilities include income or expense accruals reported in accrued        
investment income or in other liabilities of $8,133 thousand and          
$5,332 thousand, respectively.                                            

(2)Estimated fair value of derivatives is limited to the amount that is subject 
to set-off and includes income or expense accruals.                       

(3)Cash collateral received is included in cash and cash equivalents and the    
obligation to return it is included in other liabilities in the balance   
sheet. The receivable for the return of cash collateral provided by the   
  Company is inclusive of initial margin on exchange-traded derivatives and is
included in premiums, reinsurance and other receivables in the balance    
  sheet. The amount of cash collateral offset in the table above is limited to
the net estimated fair value of derivatives after application of netting  
 agreements. At December 31, 2013 and 2012, the Company received excess cash
collateral of $33,319 thousand and $0, respectively, and provided excess  
cash collateral of $185,299 thousand and $167,655 thousand, respectively, 
which is not included in the table above due to the foregoing limitation. 

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

6. DERIVATIVES (CONTINUED)                                                      

(4)Securities collateral received by the Company is held in separate custodial  
accounts and is not recorded on the balance sheet. Subject to certain     
constraints, the Company is permitted by contract to sell or repledge this
  collateral, but at December 31, 2013 none of the collateral had been sold or
  repledged. Securities collateral pledged by the Company is reported in fixed
maturity securities in the balance sheet. Subject to certain constraints, 
the counterparties are permitted by contract to sell or repledge this     
  collateral. The amount of securities collateral offset in the table above is
 limited to the net estimated fair value of derivatives after application of
netting agreements and cash collateral. At December 31, 2013 and 2012, the
Company received excess securities collateral of $96,746 thousand and     
 $59,320 thousand, respectively, for its OTC-bilateral derivatives which are
not included in the table above due to the foregoing limitation. At       
December 31, 2013 and 2012, the Company provided excess securities        
  collateral of $0 and $0, respectively, for its OTC-bilateral derivatives and
  $36,182 thousand and $39,989 thousand, respectively, for its exchange-traded
 derivatives, which are not included in the table above due to the foregoing
limitation.                                                               

The following table presents the estimated fair value of the Company's      
OTC-bilateral derivatives that are in a net liability position after            
considering the effect of netting agreements, together with the estimated fair  
value and balance sheet location of the collateral pledged. The table also      
presents the incremental collateral that the Company would be required to       
provide if there was a one notch downgrade in the Company's credit rating at    
the reporting date or if the Company's credit rating sustained a downgrade to a 
level that triggered full overnight collateralization or termination of the     
derivative position at the reporting date. OTC-bilateral derivatives that are   
not subject to collateral agreements are excluded from this table.              

                                                        [Enlarge/Download Table]

                                  ESTIMATED FAIR VALUE OF   FAIR VALUE OF INCREMENTAL COLLATERAL  
                                   COLLATERAL PROVIDED:                PROVIDED UPON:             
                                  ----------------------- ----------------------------------------
                                                                         DOWNGRADE IN THE HOLDING 
                                                                         COMPANY'S CREDIT RATING  
                     ESTIMATED                              ONE NOTCH    TO A LEVEL THAT TRIGGERS 
                   FAIR VALUE OF                          DOWNGRADE IN        FULL OVERNIGHT      
                   DERIVATIVES IN                          THE HOLDING     COLLATERALIZATION OR   
                   NET LIABILITY      FIXED MATURITY        COMPANY'S          TERMINATION        
                    POSITION (1)        SECURITIES        CREDIT RATING OF THE DERIVATIVE POSITION
                   -------------- ----------------------- ------------- --------------------------
                                                   (IN THOUSANDS)                                 
                                                                                                  
December 31, 2013. $      723,283      $    646,079        $    20,912         $    21,353        
December 31, 2012. $       15,564      $     13,667        $        --         $        --        

--------                                                                        

(1)After taking into consideration the existence of netting agreements.         

EMBEDDED DERIVATIVES                                                            

The Company assumes variable annuities, modified coinsurance contracts,     
equity indexed deferred annuities and purchases certain investments that        
contain embedded derivatives that are required to be separated from their host  
contracts and accounted for as freestanding derivatives. These host contracts   
principally include: assumed variable annuities with guaranteed minimum         
benefits, including GMWBs, GMABs and certain GMIBs; ceded reinsurance           
agreements of guaranteed minimum benefits related to GMABs and certain GMIBs;   
assumed modified coinsurance contracts; assumed reinsurance on equity indexed   
deferred annuities; and options embedded in debt and equity securities.         

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

6. DERIVATIVES (CONTINUED)                                                      

The following table presents the estimated fair value and balance sheet     
location of the Company's embedded derivatives that have been separated from    
their host contracts at:                                                        

                                                        [Enlarge/Download Table]

                                                                        DECEMBER 31,       
                                                                  -------------------------
                                        BALANCE SHEET LOCATION        2013         2012    
                                       -------------------------- ------------ ------------
                                                                       (IN THOUSANDS)      
                                                                                           
Net embedded derivatives within asset                                                      
  host contracts:                                                                          
  Ceded guaranteed minimum benefits... Premiums, reinsurance and                           
                                       other receivables......... $    122,515 $    257,690
  Assumed modified coinsurance         Funds withheld at                                   
   contracts.......................... interest..................       24,035       72,357
                                                                  ------------ ------------
   Net embedded derivatives within asset host contracts.......    $    146,550 $    330,047
                                                                  ============ ============
Net embedded derivatives within liability host contracts:                                  
  Assumed guaranteed minimum benefits. Other policy-related                                
                                       balances.................. $  2,488,944 $  8,831,285
                                                                  ------------ ------------
   Net embedded derivatives within liability host contracts...    $  2,488,944 $  8,831,285
                                                                  ============ ============

The following table presents changes in estimated fair value related to     
embedded derivatives:                                                           

                                                                [Download Table]

                                            YEARS ENDED DECEMBER 31,         
                                   ------------------------------------------
                                       2013          2012           2011     
                                   ------------ -------------- --------------
                                                 (IN THOUSANDS)              
                                                                             
Net derivative gains (losses) (1). $  6,776,544 $  (1,089,704) $  (2,711,461)
Policyholder benefits and claims.. $  (139,134) $       72,507 $       70,390

--------                                                                        

(1)The valuation of reinsured guaranteed minimum benefits includes a            
  nonperformance risk adjustment. The amounts included in net derivative gains
(losses), in connection with this adjustment, were ($996.3) million,      
($1,603.0) million and $1,956.9 million, for the years ended December 31, 
2013, 2012 and 2011, respectively. In addition, the valuation of ceded    
guaranteed minimum benefits includes a nonperformance risk adjustment. The
amounts included in net derivative gains (losses), in connection with this
adjustment, were $19.4 million, $2.9 million and ($23.1) million, for the 
years ended December 31, 2013, 2012 and 2011, respectively.               

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE                                                                   

When developing estimated fair values, the Company considers three broad    
valuation techniques: (i) the market approach, (ii) the income approach, and    
(iii) the cost approach. The Company determines the most appropriate valuation  
technique to use, given what is being measured and the availability of          
sufficient inputs, giving priority to observable inputs. The Company            
categorizes its assets and liabilities measured at estimated fair value into a  
three-level hierarchy, based on the significant input with the lowest level in  
its valuation. The input levels are as follows:                                 

Level 1  Unadjusted quoted prices in active   
   markets for identical assets or
        liabilities. The size of the bid/ask
     spread is used as an indicator of
      market activity for fixed maturity
securities.                 

Level 2  Quoted prices in markets that are not
        active or inputs that are observable
        either directly or indirectly. These
        inputs can include quoted prices for
       similar assets or liabilities other
         than quoted prices in Level 1, quoted
  prices in markets that are not
       active, or other significant inputs
         that are observable or can be derived
       principally from or corroborated by
observable market data for  
      substantially the full term of the
assets or liabilities.      

Level 3  Unobservable inputs that are         
    supported by little or no market
       activity and are significant to the
         determination of estimated fair value
 of the assets or liabilities.
   Unobservable inputs reflect the
      reporting entity's own assumptions
     about the assumptions that market
         participants would use in pricing the
asset or liability.         

Financial markets are susceptible to severe events evidenced by rapid       
depreciation in asset values accompanied by a reduction in asset liquidity. The 
Company's ability to sell securities, or the price ultimately realized for      
these securities, depends upon the demand and liquidity in the market and       
increases the use of judgment in determining the estimated fair value of        
certain securities.                                                             

Considerable judgment is often required in interpreting market data to      
develop estimates of fair value, and the use of different assumptions or        
valuation methodologies may have a material effect on the estimated fair value  
amounts.                                                                        

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

RECURRING FAIR VALUE MEASUREMENTS                                               

The assets and liabilities measured at estimated fair value on a recurring  
basis and their corresponding placement in the fair value hierarchy are         
presented below.                                                                

                                                        [Enlarge/Download Table]

                                                                  DECEMBER 31, 2013                   
                                                ------------------------------------------------------
                                                         FAIR VALUE HIERARCHY                         
                                                --------------------------------------                
                                                                                       TOTAL ESTIMATED
                                                  LEVEL 1      LEVEL 2      LEVEL 3      FAIR VALUE   
                                                ------------ ------------ ------------ ---------------
                                                                    (IN THOUSANDS)                    
                                                                                                      
ASSETS:                                                                                               
Fixed maturity securities:                                                                            
 Foreign corporate............................. $         -- $    533,423 $         --  $    533,423  
 U.S. corporate................................           --      253,705        9,917       263,622  
 CMBS..........................................           --       75,017       57,547       132,564  
 State and political subdivision...............           --      120,256           --       120,256  
 U.S. Treasury and agency......................       99,248           --           --        99,248  
 ABS...........................................           --       80,520           --        80,520  
 RMBS..........................................           --       62,789           --        62,789  
 Foreign government............................           --       28,659           --        28,659  
                                                ------------ ------------ ------------  ------------  
   Total fixed maturity securities.............       99,248    1,154,369       67,464     1,321,081  
                                                ------------ ------------ ------------  ------------  
Short-term investments (1).....................    2,630,762      101,270           --     2,732,032  
Derivative assets: (2)                                                                                
 Interest rate contracts.......................        9,046    1,171,719           --     1,180,765  
 Foreign currency contracts....................        1,169          728           --         1,897  
 Equity market contracts.......................        1,284      917,797      273,756     1,192,837  
                                                ------------ ------------ ------------  ------------  
   Total derivative assets.....................       11,499    2,090,244      273,756     2,375,499  
                                                ------------ ------------ ------------  ------------  
Net embedded derivatives within asset host                                                            
  contracts (3)................................           --           --      146,550       146,550  
                                                ------------ ------------ ------------  ------------  
   Total assets................................ $  2,741,509 $  3,345,883 $    487,770  $  6,575,162  
                                                ============ ============ ============  ============  
LIABILITIES:                                                                                          
Derivative liabilities: (2)                                                                           
 Interest rate contracts....................... $      6,547 $    798,367 $         --  $    804,914  
 Foreign currency contracts....................        1,022      171,078           --       172,100  
 Equity market contracts.......................       39,601    1,136,875      494,964     1,671,440  
                                                ------------ ------------ ------------  ------------  
   Total derivative liabilities................       47,170    2,106,320      494,964     2,648,454  
                                                ------------ ------------ ------------  ------------  
Net embedded derivatives within liability host                                                        
  contracts (3)................................           --           --    2,488,944     2,488,944  
                                                ------------ ------------ ------------  ------------  
   Total liabilities........................... $     47,170 $  2,106,320 $  2,983,908  $  5,137,398  
                                                ============ ============ ============  ============  

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

                                                        [Enlarge/Download Table]

                                                              DECEMBER 31, 2012                   
                                            ------------------------------------------------------
                                                     FAIR VALUE HIERARCHY                         
                                            -------------------------------------- TOTAL ESTIMATED
                                              LEVEL 1      LEVEL 2      LEVEL 3      FAIR VALUE   
                                            ------------ ------------ ------------ ---------------
                                                                (IN THOUSANDS)                    
                                                                                                  
ASSETS:                                                                                           
Fixed maturity securities:                                                                        
 Foreign corporate......................... $         -- $    628,708 $      2,714  $     631,422 
 U.S. corporate............................           --      307,001       15,465        322,466 
 CMBS......................................           --       44,603       41,723         86,326 
 State and political subdivision...........           --      135,567           --        135,567 
 U.S. Treasury and agency..................      285,259        8,270           --        293,529 
 ABS.......................................           --      193,876        4,000        197,876 
 RMBS......................................           --       81,906           --         81,906 
 Foreign government........................           --       36,527           --         36,527 
                                            ------------ ------------ ------------  ------------- 
   Total fixed maturity securities.........      285,259    1,436,458       63,902      1,785,619 
                                            ------------ ------------ ------------  ------------- 
Short-term investments (1).................    3,824,840      425,354        4,996      4,255,190 
Derivative assets: (2)                                                                            
 Interest rate contracts...................          598    2,170,219           --      2,170,817 
 Foreign currency contracts................        3,864        1,051           --          4,915 
 Equity market contracts...................       14,146    2,000,970      461,580      2,476,696 
                                            ------------ ------------ ------------  ------------- 
   Total derivative assets.................       18,608    4,172,240      461,580      4,652,428 
                                            ------------ ------------ ------------  ------------- 
Net embedded derivatives within asset host                                                        
  contracts (3)............................           --           --      330,047        330,047 
                                            ------------ ------------ ------------  ------------- 
   Total assets............................ $  4,128,707 $  6,034,052 $    860,525  $  11,023,284 
                                            ============ ============ ============  ============= 
LIABILITIES:                                                                                      
Derivative liabilities: (2)                                                                       
 Interest rate contracts................... $     20,980 $    670,059 $         --  $     691,039 
 Foreign currency contracts................           --      177,496           --        177,496 
 Equity market contracts...................      105,452      416,032      275,979        797,463 
                                            ------------ ------------ ------------  ------------- 
   Total derivative liabilities............      126,432    1,263,587      275,979      1,665,998 
                                            ------------ ------------ ------------  ------------- 
Net embedded derivatives within liability                                                         
  host contracts (3).......................           --           --    8,831,285      8,831,285 
                                            ------------ ------------ ------------  ------------- 
   Total liabilities....................... $    126,432 $  1,263,587 $  9,107,264  $  10,497,283 
                                            ============ ============ ============  ============= 

--------                                                                        

(1)Short-term investments as presented in the tables above differ from the      
amounts presented in the balance sheets because certain short-term        
investments are not measured at estimated fair value on a recurring basis.

(2)Derivative amounts are presented gross in the tables above to reflect the    
presentation in the balance sheets, but are presented net for purposes of 
the rollforward in the Fair Value Measurements Using Significant          
Unobservable Inputs (Level 3) tables.                                     

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

(3)Net embedded derivatives within asset host contracts are presented within    
funds withheld at interest and premiums, reinsurance and other receivables
in the balance sheets. Net embedded derivatives within liability host     
 contracts are presented within other policy-related balances in the balance
sheets.                                                                   

The following describes the valuation methodologies used to measure assets  
and liabilities at fair value. The description includes the valuation           
techniques and key inputs for each category of assets or liabilities that are   
classified within Level 2 and Level 3 of the fair value hierarchy.              

INVESTMENTS                                                                   

VALUATION CONTROLS AND PROCEDURES                                           

   On behalf of the Company and the Holding Company's Chief Investment Officer
and Chief Financial Officer, a pricing and valuation committee that is      
independent of the trading and investing functions and comprised of senior  
management provides oversight of control systems and valuation policies for 
securities and derivatives. On a quarterly basis, this committee reviews and
approves new transaction types and markets, ensures that observable market  
 prices and market-based parameters are used for valuation, wherever possible,
 and determines that judgmental valuation adjustments, when applied, are based
upon established policies and are applied consistently over time. This      
 committee also provides oversight of the selection of independent third party
pricing providers and the controls and procedures to evaluate third party   
pricing. Periodically, the Chief Accounting Officer reports to the Audit    
Committee of the Holding Company's Board of Directors regarding compliance  
with fair value accounting standards.                                       

The Company reviews its valuation methodologies on an ongoing basis and 
revises those methodologies when necessary based on changing market         
conditions. Assurance is gained on the overall reasonableness and consistent
 application of input assumptions, valuation methodologies and compliance with
fair value accounting standards through controls designed to ensure         
valuations represent an exit price. Several controls are utilized, including
certain monthly controls, which include, but are not limited to, analysis of
portfolio returns to corresponding benchmark returns, comparing a sample of 
executed prices of securities sold to the fair value estimates, comparing   
fair value estimates to management's knowledge of the current market,       
reviewing the bid/ask spreads to assess activity, comparing prices from     
multiple independent pricing services and ongoing due diligence to confirm  
that independent pricing services use market-based parameters. The process  
includes a determination of the observability of inputs used in estimated   
fair values received from independent pricing services or brokers by        
 assessing whether these inputs can be corroborated by observable market data.
The Company ensures that prices received from independent brokers, also     
 referred to herein as "consensus pricing," represent a reasonable estimate of
 fair value by considering such pricing relative to the Company's knowledge of
the current market dynamics and current pricing for similar financial       
instruments.                                                                

  The Company also applies a formal process to challenge any prices received
from independent pricing services that are not considered representative of 
estimated fair value. If prices received from independent pricing services  
are not considered reflective of market activity or representative of       
 estimated fair value, independent non-binding broker quotations are obtained,
or an internally developed valuation is prepared. Internally developed      
valuations of current estimated fair value, which reflect internal estimates
of liquidity and nonperformance risks, compared with pricing received from  
 the independent pricing services, did not produce material differences in the
estimated fair values for the majority of the portfolio; accordingly,       
overrides were not material. This is, in part, because internal estimates of
liquidity and nonperformance risks are generally                            

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

based on available market evidence and estimates used by other market       
 participants. In the absence of such market-based evidence, management's best
estimate is used.                                                           

SECURITIES AND SHORT-TERM INVESTMENTS                                       

 When available, the estimated fair value of these investments is based on
quoted prices in active markets that are readily and regularly obtainable.  
 Generally, these are the most liquid of the Company's securities holdings and
valuation of these securities does not involve management's judgment.       

 When quoted prices in active markets are not available, the determination
of estimated fair value is based on market standard valuation methodologies,
giving priority to observable inputs. The significant inputs to the market  
standard valuation methodologies for certain types of securities with       
 reasonable levels of price transparency are inputs that are observable in the
market or can be derived principally from, or corroborated by, observable   
market data. When observable inputs are not available, the market standard  
valuation methodologies rely on inputs that are significant to the estimated
fair value that are not observable in the market or cannot be derived       
principally from, or corroborated by, observable market data. These         
unobservable inputs can be based in large part on management's judgment or  
estimation and cannot be supported by reference to market activity. Even    
 though these inputs are unobservable, management believes they are consistent
with what other market participants would use when pricing such securities  
and are considered appropriate given the circumstances.                     

Level 2 Valuation Techniques and Key Inputs:                                

This level includes fixed maturity securities priced principally by     
independent pricing services using observable inputs. Short-term investments
within this level are of a similar nature and class to the Level 2 fixed    
maturity securities.                                                        

U.S. CORPORATE AND FOREIGN CORPORATE SECURITIES                           

These securities are principally valued using the market and income   
 approaches. Valuations are based primarily on quoted prices in markets that
  are not active, or using matrix pricing or other similar techniques that use
standard market observable inputs such as benchmark yields, spreads off   
benchmark yields, new issuances, issuer rating, duration, and trades of   
identical or comparable securities. Privately placed securities are valued
 using matrix pricing methodologies using standard market observable inputs,
and inputs derived from, or corroborated by, market observable data       
including market yield curve, duration, call provisions, observable prices
and spreads for similar publicly traded or privately traded issues that   
incorporate the credit quality and industry sector of the issuer and in   
certain cases, delta spread adjustments to reflect specific credit related
issues.                                                                   

STRUCTURED SECURITIES COMPRISED OF ABS, CMBS AND RMBS                     

These securities are principally valued using the market and income   
approaches. Valuations are based primarily on matrix pricing, discounted  
cash flow methodologies or other similar techniques using standard market 
inputs including spreads for actively traded securities, spreads off      
benchmark yields, expected prepayment speeds and volumes, current and     
forecasted loss severity, rating, weighted average coupon,                

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

weighted average maturity, average delinquency rates, geographic region,  
debt-service coverage ratios and issuance-specific information including, 
  but not limited to: collateral type, payment terms of the underlying assets,
payment priority within the tranche, structure of the security, deal      
performance and vintage of loans.                                         

STATE AND POLITICAL SUBDIVISION AND FOREIGN GOVERNMENT SECURITIES           

These securities are principally valued using the market approach.    
  Valuations are based primarily on matrix pricing or other similar techniques
 using standard market observable inputs including a benchmark U.S. Treasury
 yield or other yields, issuer ratings, broker-dealer quotes, issuer spreads
and reported trades of similar securities, including those within the same
sub-sector or with a similar maturity or credit rating.                   

U.S. TREASURY AND AGENCY SECURITIES                                         

These securities are principally valued using the market approach.    
Valuations are based primarily on quoted prices in markets that are not   
active or using matrix pricing or other similar techniques using standard 
 market observable inputs such as a benchmark U.S. Treasury yield curve, the
spread off the U.S. Treasury yield curve for the identical security and   
comparable securities that are actively traded.                           

Level 3 Valuation Techniques and Key Inputs:                                

In general, securities classified within Level 3 use many of the same 
 valuation techniques and inputs as described previously for in the Level 2.
However, if key inputs are unobservable, or if the investments are less   
liquid and there is very limited trading activity, the investments are    
generally classified as Level 3. The use of independent non-binding broker
quotations to value investments generally indicates there is a lack of    
 liquidity or a lack of transparency in the process to develop the valuation
 estimates, generally causing these investments to be classified in Level 3.

    Short-term investments within this level are of a similar nature and class
to the Level 3 securities described below; accordingly, the valuation     
techniques and significant market standard observable inputs used in their
valuation are also similar to those described below.                      

U.S. CORPORATE AND FOREIGN CORPORATE SECURITIES                           

These securities are principally valued using the market approach.    
  Valuations are based primarily on matrix pricing or other similar techniques
that utilize unobservable inputs or inputs that cannot be derived         
principally from, or corroborated by, observable market data, including   
illiquidity premium, delta spread adjustments to reflect specific         
  credit-related issues, credit spreads and inputs including quoted prices for
identical or similar securities that are less liquid and based on lower   
levels of trading activity than securities classified in Level 2. Certain 
valuations are based on independent non-binding broker quotations.        

STRUCTURED SECURITIES COMPRISED OF ABS AND CMBS                           

These securities are principally valued using the market and income   
approaches. Valuations are based primarily on matrix pricing, discounted  
  cash flow methodologies or other similar techniques that utilize inputs that
 are unobservable or cannot be derived principally from, or corroborated by,
observable market data including credit spreads. Below investment grade   
securities and sub-prime RMBS included in this level                      

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

 are valued based on inputs including quoted prices for identical or similar
securities that are less liquid and based on lower levels of trading      
 activity than securities classified in Level 2. Certain of these valuations
are based on independent non-binding broker quotations.                   

DERIVATIVES                                                                   

The estimated fair value of derivatives is determined through the use of  
quoted market prices for exchange-traded derivatives, or through the use of   
pricing models for OTC-bilateral and OTC-cleared derivatives. The             
determination of estimated fair value, when quoted market values are not      
available, is based on market standard valuation methodologies and inputs that
management believes are consistent with what other market participants would  
use when pricing such instruments. Derivative valuations can be affected by   
changes in interest rates, foreign currency exchange rates, financial indices,
credit spreads, default risk, nonperformance risk, volatility, liquidity and  
changes in estimates and assumptions used in the pricing models. The valuation
controls and procedures for derivatives are described in "-- Investments."    

The significant inputs to the pricing models for most OTC-bilateral and   
OTC-cleared derivatives are inputs that are observable in the market or can be
derived principally from, or corroborated by, observable market data.         
Significant inputs that are observable generally include: interest rates,     
foreign currency exchange rates, interest rate curves, credit curves and      
volatility. However, certain OTC-bilateral and OTC-cleared derivatives may    
rely on inputs that are significant to the estimated fair value that are not  
observable in the market or cannot be derived principally from, or            
corroborated by, observable market data. Significant inputs that are          
unobservable generally include references to emerging market currencies and   
inputs that are outside the observable portion of the interest rate curve,    
credit curve, volatility or other relevant market measure. These unobservable 
inputs may involve significant management judgment or estimation. Even though 
unobservable, these inputs are based on assumptions deemed appropriate given  
the circumstances and management believes they are consistent with what other 
market participants would use when pricing such instruments.                  

Most inputs for OTC-bilateral and OTC-cleared derivatives are mid-market  
inputs but, in certain cases, liquidity adjustments are made when they are    
deemed more representative of exit value. Market liquidity, as well as the use
of different methodologies, assumptions and inputs, may have a material effect
on the estimated fair values of the Company's derivatives and could materially
affect net income.                                                            

The credit risk of both the counterparty and the Company are considered in
determining the estimated fair value for all OTC-bilateral and OTC-cleared    
derivatives, and any potential credit adjustment is based on the net exposure 
by counterparty after taking into account the effects of netting agreements   
and collateral arrangements. The Company values its OTC-bilateral and         
OTC-cleared derivatives using standard swap curves which may include a spread 
to the risk free rate, depending upon specific collateral arrangements. This  
credit spread is appropriate for those parties that execute trades at pricing 
levels consistent with similar collateral arrangements. As the Company and its
significant derivative counterparties generally execute trades at such pricing
levels and hold sufficient collateral, additional credit risk adjustments are 
not currently required in the valuation process. The Company's ability to     
consistently execute at such pricing levels is in part due to the netting     
agreements and collateral arrangements that are in place with all of its      
significant derivative counterparties. An evaluation of the requirement to    
make additional credit risk adjustments is performed by the Company each      
reporting period.                                                             

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

FREESTANDING DERIVATIVES                                                    

Level 2 Valuation Techniques and Key Inputs:                                

 This level includes all types of derivatives utilized by the Company with
the exception of exchange-traded derivatives included within Level 1 and    
those derivatives with unobservable inputs as described in Level 3. These   
derivatives are principally valued using the income approach.               

INTEREST RATE                                                             

NON-OPTION-BASED. -- Valuations are based on present value techniques,
which utilize significant inputs that may include the swap yield curve and
basis curves.                                                             

OPTION-BASED. -- Valuations are based on option pricing models, which 
utilize significant inputs that may include the swap yield curve, basis   
curves and interest rate volatility.                                      

FOREIGN CURRENCY EXCHANGE RATE                                            

NON-OPTION-BASED. -- Valuations are based on present value techniques,
which utilize significant inputs that may include the swap yield curve,   
basis curves, currency spot rates and cross currency basis curves.        

EQUITY MARKET                                                             

NON-OPTION-BASED. -- Valuations are based on present value techniques,
  which utilize significant inputs that may include the swap yield curve, spot
equity index levels and dividend yield curves.                            

OPTION-BASED. -- Valuations are based on option pricing models, which 
utilize significant inputs that may include the swap yield curve, spot    
equity index levels, dividend yield curves and equity volatility.         

Level 3 Valuation Techniques and Key Inputs:                                

These derivatives are principally valued using the income approach.     
Valuations of non-option-based derivatives utilize present value techniques,
 whereas valuations of option-based derivatives utilize option pricing models.
These valuation methodologies generally use the same inputs as described in 
the corresponding sections above for Level 2 measurements of derivatives.   
However, these derivatives result in Level 3 classification because one or  
more of the significant inputs are not observable in the market or cannot be
derived principally from, or corroborated by, observable market data.       

EQUITY MARKET                                                             

NON-OPTION-BASED. -- Significant unobservable inputs may include the  
extrapolation beyond observable limits of dividend yield curves and equity
volatility.                                                               

OPTION-BASED. -- Significant unobservable inputs may include the      
extrapolation beyond observable limits of dividend yield curves, equity   
volatility and unobservable correlation between model inputs.             

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

EMBEDDED DERIVATIVES                                                          

 Embedded derivatives principally include certain assumed and ceded variable
annuity guarantees and equity indexed crediting rates within certain funding  
agreements. Embedded derivatives are recorded at estimated fair value with    
changes in estimated fair value reported in net income.                       

  The fair value of these embedded derivatives, estimated as the present value
of projected future benefits minus the present value of projected future fees 
using actuarial and capital market assumptions including expectations         
concerning policyholder behavior, is calculated by the Company's actuarial    
department. The calculation is based on in-force business, and is performed   
using standard actuarial valuation software which projects future cash flows  
from the embedded derivative over multiple risk neutral stochastic scenarios  
using observable risk free rates.                                             

Capital market assumptions, such as risk free rates and implied           
volatilities, are based on market prices for publicly traded instruments to   
the extent that prices for such instruments are observable. Implied           
volatilities beyond the observable period are extrapolated based on observable
implied volatilities and historical volatilities. Actuarial assumptions,      
including mortality, lapse, withdrawal and utilization, are unobservable and  
are reviewed at least annually based on actuarial studies of historical       
experience.                                                                   

The valuation of these guarantee liabilities includes nonperformance risk 
adjustments and adjustments for a risk margin related to non-capital market   
inputs. The nonperformance adjustment is determined by taking into            
consideration publicly available information relating to spreads in the       
secondary market for the Holding Company's debt, including related credit     
default swaps.                                                                

 Risk margins are established to capture the non-capital market risks of the
instrument which represent the additional compensation a market participant   
would require to assume the risks related to the uncertainties of such        
actuarial assumptions as annuitization, premium persistency, partial          
withdrawal and surrenders. The establishment of risk margins requires the use 
of significant management judgment, including assumptions of the amount and   
cost of capital needed to cover the guarantees. These guarantees may be more  
costly than expected in volatile or declining equity markets. Market          
conditions including, but not limited to, changes in interest rates, equity   
indices, market volatility and foreign currency exchange rates; changes in    
nonperformance risk; and variations in actuarial assumptions regarding        
policyholder behavior, mortality and risk margins related to non-capital      
market inputs, may result in significant fluctuations in the estimated fair   
value of the guarantees that could materially affect net income.              

The Company ceded the risk associated with certain of the GMIBs previously
described. These reinsurance agreements contain embedded derivatives which are
included within premiums, reinsurance and other receivables in the balance    
sheets with changes in estimated fair value reported in net derivative gains  
(losses) or policyholder benefits and claims depending on the statement of    
operations classification of the direct risk. The value of the embedded       
derivatives on the ceded risk is determined using a methodology consistent    
with that described previously with the exception of the input for            
nonperformance risk that reflects the credit of the reinsurer.                

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

The estimated fair value of the embedded derivatives within funds withheld
related to certain assumed reinsurance is determined based on the change in   
estimated fair value of the underlying assets held by the Company in a        
reference portfolio backing the funds withheld liability. The estimated fair  
value of the underlying assets is determined as previously described in "--   
Investments -- Securities and Short-term Investments." The estimated fair     
value of these embedded derivatives is included, along with their funds       
withheld hosts, in derivative liabilities and funds withheld at interest in   
the balance sheets with changes in estimated fair value recorded in net       
derivative gains (losses). Changes in the credit spreads on the underlying    
assets, interest rates and market volatility may result in significant        
fluctuations in the estimated fair value of these embedded derivatives that   
could materially affect net income.                                           

EMBEDDED DERIVATIVES WITHIN ASSET AND LIABILITY HOST CONTRACTS              

Level 3 Valuation Techniques and Key Inputs:                              

ASSUMED GUARANTEED MINIMUM BENEFITS                                       

These embedded derivatives are principally valued using the income    
approach. Valuations are based on option pricing techniques, which utilize
significant inputs that may include swap yield curve, currency exchange   
  rates and implied volatilities. These embedded derivatives result in Level 3
classification because one or more of the significant inputs are not      
observable in the market or cannot be derived principally from, or        
corroborated by, observable market data. Significant unobservable inputs  
generally include: the extrapolation beyond observable limits of the swap 
  yield curve and implied volatilities, actuarial assumptions for policyholder
behavior and mortality and the potential variability in policyholder      
  behavior and mortality, nonperformance risk and cost of capital for purposes
of calculating the risk margin.                                           

REINSURANCE CEDED ON CERTAIN GUARANTEED MINIMUM BENEFITS                  

These embedded derivatives are principally valued using the income    
approach. The valuation techniques and significant market standard        
unobservable inputs used in their valuation are similar to those described
above in " -- Assumed Guaranteed Minimum Benefits" and also include       
counterparty credit spreads.                                              

EMBEDDED DERIVATIVES WITHIN FUNDS WITHHELD RELATED TO CERTAIN ASSUMED     
REINSURANCE                                                               

These embedded derivatives are principally valued using an income     
approach. Valuations are based on present value techniques, which utilize 
 significant inputs that may include the swap yield curve and the fair value
 of assets within the reference portfolio. These embedded derivatives result
 in Level 3 classification because one or more of the significant inputs are
not observable in the market or cannot be derived principally from, or    
corroborated by, observable market data. Significant unobservable inputs  
generally include: the fair value of certain assets within the reference  
portfolio which are not observable in the market and cannot be derived    
principally from, or corroborated by, observable market data.             

TRANSFERS BETWEEN LEVELS                                                      

Overall, transfers between levels occur when there are changes in the     
observability of inputs and market activity. Transfers into or out of any     
level are assumed to occur at the beginning of the period.                    

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

TRANSFERS BETWEEN LEVELS 1 AND 2:                                           

   There were no transfers between Levels 1 and 2 for assets and liabilities
measured at estimated fair value and still held at December 31, 2013 and  
2012.                                                                     

TRANSFERS INTO OR OUT OF LEVEL 3:                                           

Assets and liabilities are transferred into Level 3 when a significant
input cannot be corroborated with market observable data. This occurs when
market activity decreases significantly and underlying inputs cannot be   
observed, current prices are not available, and/or when there are         
significant variances in quoted prices, thereby affecting transparency.   
Assets and liabilities are transferred out of Level 3 when circumstances  
change such that a significant input can be corroborated with market      
observable data. This may be due to a significant increase in market      
activity, a specific event, or one or more significant input(s) becoming  
observable.                                                               

    Transfers into Level 3 for fixed maturity securities were due primarily to
a lack of trading activity, decreased liquidity and credit ratings        
downgrades (e.g., from investment grade to below investment grade) which  
have resulted in decreased transparency of valuations and an increased use
of independent non-binding broker quotations and unobservable inputs, such
as illiquidity premiums, delta spread adjustments, or credit spreads.     

   Transfers out of Level 3 for fixed maturity securities resulted primarily
from increased transparency of both new issuances that, subsequent to     
  issuance and establishment of trading activity, became priced by independent
pricing services and existing issuances that, over time, the Company was  
able to obtain pricing from, or corroborate pricing received from,        
independent pricing services with observable inputs (such as observable   
spreads used in pricing securities) or increases in market activity and   
upgraded credit ratings.                                                  

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE USING SIGNIFICANT UNOBSERVABLE  
INPUTS (LEVEL 3)                                                                

The following table presents certain quantitative information about the   
significant unobservable inputs used in the fair value measurement, and the   
sensitivity of the estimated fair value to changes in those inputs, for the   
more significant asset and liability classes measured at fair value on a      
recurring basis using significant unobservable inputs (Level 3) at:           

                                                        [Enlarge/Download Table]


                                                                                        DECEMBER 31, 2013        
                                                                                    --------------------------   
                                                              SIGNIFICANT                             WEIGHTED   
                            VALUATION TECHNIQUES           UNOBSERVABLE INPUTS          RANGE        AVERAGE (1) 
                       -------------------------------- --------------------------  -------------    ----------- 
                                                                                                                 
FIXED MATURITY SECURITIES: (3)                                                                                   
 U.S. corporate and                                                                                              
  foreign corporate... Matrix pricing                   Credit spreads (4)             95  -     95       95     
                                                        Illiquidity premium (4)        30  -     30       30     
                       ------------------------------------------------------------------------------------------
 CMBS................. Matrix pricing and discounted    Credit spreads (4)                                       
                         cash flow                                                    215  -    215      215     
                       Market pricing                   Quoted prices (5)             104  -    104      104     
                       Consensus pricing                Offered quotes (5)             90  -     92       91     
                       ------------------------------------------------------------------------------------------
DERIVATIVES:                                                                                                     
 Equity market........ Present value techniques         Volatility (7)                 13% -     28%             
                          or option pricing models      Correlation (9)                60% -     60%             
                       ------------------------------------------------------------------------------------------
EMBEDDED DERIVATIVES:                                                                                            
 Assumed and ceded     Option pricing techniques        Mortality rates:                0% -   0.10%             
  guaranteed minimum                                        Ages 0 - 40                                          
  benefits............                                                                                           
                                                            Ages 41 - 60             0.04% -   0.65%             
                                                            Ages 61 - 115            0.26% -    100%             
                                                        Lapse rates:                                             
                                                            Durations 1 -10          0.50% -    100%             
                                                            Durations 11 -20            3% -    100%             
                                                            Durations 21 -116           3% -    100%             
                                                        Utilization rates              20% -     50%             
                                                        Withdrawal rates             0.07% -     10%             
                                                        Long-term equity            17.40% -     25%             
                                                          volatilities                                           
                                                        Nonperformance               0.03% -   0.44%             
                                                          risk spread                                            
                       ------------------------------------------------------------------------------------------
                                                                [Download Table]

                                                                IMPACT OF    
                                     DECEMBER 31, 2012         INCREASE IN   
                                 --------------------------     INPUT ON     
                                                   WEIGHTED     ESTIMATED    
     VALUATION TECHNIQUES            RANGE        AVERAGE (1) FAIR VALUE (2) 
-------------------------------- -------------    ----------- -------------- 
                                                                             

Matrix pricing                     103  -    499      168       Decrease     
                                    30  -     30       30       Decrease     
-----------------------------------------------------------------------------
Matrix pricing and discounted                                                
  cash flow                                                   Decrease (6)   
Market pricing                     104  -    104      104     Increase (6)   
Consensus pricing                                             Increase (6)   
-----------------------------------------------------------------------------

Present value techniques            13% -     32%             Increase (8)   
   or option pricing models         65% -     65%                            
-----------------------------------------------------------------------------

Option pricing techniques            0% -   0.14%  Decrease (10)             

                                  0.05% -   0.75%             Decrease (10)  
                                  0.26% -    100%             Decrease (10)  

                                  0.50% -    100%             Decrease (11)  
                                     3% -    100%             Decrease (11)  
                                   2.5% -    100%             Decrease (11)  
                                    20% -     50%             Increase (12)  
                                  0.07% -     20%                 (13)       
                                 15.18% -     40%  Increase (14)             

                                  0.10% -   1.72%  Decrease (15)             

-----------------------------------------------------------------------------

--------                                                                        

(1)The weighted average for fixed maturity securities is determined based on    
the estimated fair value of the securities.                               

(2)The impact of a decrease in input would have the opposite impact on the      
estimated fair value. For embedded derivatives, changes to assumed        
 guaranteed minimum benefits are based on liability positions and changes to
ceded guaranteed minimum benefits are based on asset positions.           

(3)Significant increases (decreases) in expected default rates in isolation     
would result in substantially lower (higher) valuations.                  

(4)Range and weighted average are presented in basis points.                    

(5)Range and weighted average are presented in accordance with the market       
convention for fixed maturity securities of dollars per hundred dollars of
par.                                                                      

(6)Changes in the assumptions used for the probability of default is            
  accompanied by a directionally similar change in the assumption used for the
loss severity and a directionally opposite change in the assumptions used 
for prepayment rates.                                                     

(7)Ranges represent the underlying equity volatility quoted in percentage       
points. Since this valuation methodology uses a range of inputs across    
 multiple volatility surfaces to value the derivative, presenting a range is
more representative of the unobservable input used in the valuation.      

(8)Changes are based on long U.S. dollar net asset positions and will be        
inversely impacted for short U.S. dollar net asset positions.             

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

(9)Ranges represent the different correlation factors utilized as components    
 within the valuation methodology. Presenting a range of correlation factors
is more representative of the unobservable input used in the valuation.   
Increases (decreases) in correlation in isolation will increase (decrease)
the significance of the change in valuations.                             

(10)Mortality rates vary by age and by demographic characteristics such as      
gender. Mortality rate assumptions are based on company experience. A   
 mortality improvement assumption is also applied. For any given contract,
mortality rates vary throughout the period over which cash flows are    
projected for purposes of valuing the embedded derivative.              

(11)Base lapse rates are adjusted at the contract level based on a comparison   
of the actuarially calculated guaranteed values and the current         
policyholder account value, as well as other factors, such as the       
applicability of any surrender charges. A dynamic lapse function reduces
  the base lapse rate when the guaranteed amount is greater than the account
 value as in the money contracts are less likely to lapse. Lapse rates are
also generally assumed to be lower in periods when a surrender charge   
applies. For any given contract, lapse rates vary throughout the period 
over which cash flows are projected for purposes of valuing the embedded
derivative.                                                             

(12)The utilization rate assumption estimates the percentage of contract        
holders with a GMIB or lifetime withdrawal benefit who will elect to    
  utilize the benefit upon becoming eligible. The rates may vary by the type
   of guarantee, the amount by which the guaranteed amount is greater than the
account value, the contract's withdrawal history and by the age of the  
   policyholder. For any given contract, utilization rates vary throughout the
period over which cash flows are projected for purposes of valuing the  
embedded derivative.                                                    

(13)The withdrawal rate represents the percentage of account balance that any   
  given policyholder will elect to withdraw from the contract each year. The
  withdrawal rate assumption varies by age and duration of the contract, and
also by other factors such as benefit type. For any given contract,     
withdrawal rates vary throughout the period over which cash flows are   
 projected for purposes of valuing the embedded derivative. For GMWBs, any
 increase (decrease) in withdrawal rates results in an increase (decrease)
in the estimated fair value of the guarantees. For GMABs and GMIBs, any 
   increase (decrease) in withdrawal rates results in a decrease (increase) in
the estimated fair value.                                               

(14)Long-term equity volatilities represent equity volatility beyond the period 
for which observable equity volatilities are available. For any given   
   contract, long-term equity volatility rates vary throughout the period over
which cash flows are projected for purposes of valuing the embedded     
derivative.                                                             

(15)Nonperformance risk spread varies by duration and by currency. For any      
  given contract, multiple nonperformance risk spreads will apply, depending
 on the duration of the cash flow being discounted for purposes of valuing
the embedded derivative.                                                

The following is a summary of the valuation techniques and significant      
unobservable inputs used in the fair value measurement of assets and            
liabilities classified within Level 3 that are not included in the preceding    
table. Generally, all other classes of securities classified within Level 3,    
including those within embedded derivatives within funds withheld related to    
certain assumed reinsurance, use the same valuation techniques and significant  
unobservable inputs as previously described for Level 3 fixed maturity          
securities. This includes matrix pricing and discounted cash flow               
methodologies, inputs such as quoted prices for identical or similar securities 
that are less liquid and based on lower levels of trading activity than         
securities classified in Level 2, as well as independent non-binding broker     
quotations. The sensitivity of the estimated fair value to changes in the       
significant unobservable inputs for these other assets and liabilities is       
similar in nature to that described in the preceding table.                     

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

The following tables summarize the change of all assets and (liabilities)   
measured at estimated fair value on a recurring basis using significant         
unobservable inputs (Level 3):                                                  

                                                        [Enlarge/Download Table]

                                                  FAIR VALUE MEASUREMENTS USING SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)   
                                               -----------------------------------------------------------------------------
                                                     FIXED MATURITY SECURITIES:                                             
                                               --------------------------------------                                       
                                                FOREIGN    U.S.                       SHORT-TERM    EQUITY    NET EMBEDDED  
                                               CORPORATE CORPORATE   CMBS      ABS    INVESTMENTS   MARKET   DERIVATIVES (6)
                                               --------- --------- --------- -------- ----------- ---------- ---------------
                                                                              (IN THOUSANDS)                                
                                                                                                                            
YEAR ENDED DECEMBER 31, 2013:                                                                                               
Balance, January 1,........................... $  2,714  $  15,465 $  41,723 $  4,000  $  4,996   $  185,601  $(8,501,238)  
Total realized/unrealized gains (losses)                                                                                    
 included in:                                                                                                               
  Net income (loss): (1), (2).................                                                                              
   Net investment income......................       11       (63)     (242)       --         4           --            --  
   Net investment gains (losses)..............       --         --        --       --        --           --            --  
   Net derivative gains (losses)..............       --         --        --       --        --    (425,674)     6,789,870  
   Policyholder benefits and claims...........       --         --        --       --        --       18,720     (139,134)  
  OCI.........................................     (25)      (652)   (1,828)       --        --          252       291,536  
Purchases (3).................................       --         --    17,894       --        --        7,149            --  
Sales (3).....................................  (2,700)    (8,680)        --       --   (5,000)           --            --  
Settlements (3)...............................       --         --        --       --        --      (7,256)     (783,428)  
Transfers into Level 3 (4)....................       --      3,847        --       --        --           --            --  
Transfers out of Level 3 (4)..................       --         --        --  (4,000)        --           --            --  
                                               --------  --------- --------- --------  --------   ----------  ------------  
Balance, December 31,......................... $     --  $   9,917 $  57,547 $     --  $     --   $(221,208)  $(2,342,394)  
                                               ========  ========= ========= ========  ========   ==========  ============  
Changes in unrealized gains (losses) included                                                                               
 in net income (loss): (5)                                                                                                  
  Net investment income....................... $     --  $       4 $   (242) $     --  $     --   $       --  $         --  
  Net investment gains (losses)............... $     --  $      -- $      -- $     --  $     --   $       --  $         --  
  Net derivative gains (losses)............... $     --  $      -- $      -- $     --  $     --   $(414,667)  $  6,743,952  
  Policyholder benefits and claims............ $     --  $      -- $      -- $     --  $     --   $   18,720  $  (134,839)  

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

                                                        [Enlarge/Download Table]

                                             FAIR VALUE MEASUREMENTS USING SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)             
                                 ------------------------------------------------------------------------------------------------
                                       FIXED MATURITY SECURITIES:       EQUITY SECURITIES:                                       
                                 -------------------------------------- ------------------                                       
                                  FOREIGN    U.S.                         NON-REDEEMABLE   SHORT-TERM    EQUITY    NET EMBEDDED  
                                 CORPORATE CORPORATE   CMBS      ABS     PREFERRED STOCK   INVESTMENTS   MARKET   DERIVATIVES (6)
                                 --------- --------- --------- -------- ------------------ ----------- ---------- ---------------
                                                                          (IN THOUSANDS)                                         
                                                                                                                                 
YEAR ENDED DECEMBER 31,                                                                                                          
 2012:                                                                                                                           
Balance, January 1,............. $  2,533  $  15,114 $  41,724 $     --     $      --       $  39,967  $  844,062  $(7,033,096)  
Total realized/unrealized gains                                                                                                  
 (losses) included in:                                                                                                           
  Net income                                                                                                                     
   (loss): (1), (2)                                                                                                              
   Net investment income........       12       (16)     (164)       --            --              35          --            --  
   Net investment gains                                                                                                          
    (losses)....................       --         --        --       --            --              --          --            --  
   Net derivative gains                                                                                                          
    (losses)....................       --         --        --       --            --              --   (507,571)   (1,085,812)  
   Policyholder benefits and                                                                                                     
    claims......................       --         --        --       --            --              --      28,895        72,507  
  OCI...........................      169        (4)       163       --            --              --     (2,565)       259,765  
Purchases (3)...................       --      6,501        --    4,000            --           4,994      19,056            --  
Sales (3).......................       --      (701)        --       --            --        (40,000)    (43,500)            --  
Settlements (3).................       --         --        --       --            --              --   (152,776)     (714,602)  
Transfers into                                                                                                                   
 Level 3 (4)....................       --         --        --       --            --              --          --            --  
Transfers out of                                                                                                                 
 Level 3 (4)....................       --    (5,429)        --       --            --              --          --            --  
                                 --------  --------- --------- --------     ---------       ---------  ----------  ------------  
Balance, December 31,........... $  2,714  $  15,465 $  41,723 $  4,000     $      --       $   4,996  $  185,601  $(8,501,238)  
                                 ========  ========= ========= ========     =========       =========  ==========  ============  
Changes in unrealized gains                                                                                                      
 (losses) included in net                                                                                                        
 income (loss): (5)                                                                                                              
  Net investment income......... $     11  $       9 $   (163) $     --     $      --       $       2  $       --  $         --  
  Net investment gains                                                                                                           
   (losses)..................... $     --  $      -- $      -- $     --     $      --       $      --  $       --  $         --  
  Net derivative gains                                                                                                           
   (losses)..................... $     --  $      -- $      -- $     --     $      --       $      --  $(498,377)  $(1,139,890)  
  Policyholder benefits and                                                                                                      
   claims....................... $     --  $      -- $      -- $     --     $      --       $      --  $   28,895  $     75,146  

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

                                                        [Enlarge/Download Table]

                                            FAIR VALUE MEASUREMENTS USING SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)          
                                  ------------------------------------------------------------------------------------------ 
                                      FIXED MATURITY SECURITIES:     EQUITY SECURITIES:                                      
                                  ---------------------------------- ------------------                                      
                                   FOREIGN    U.S.                     NON-REDEEMABLE   SHORT-TERM   EQUITY    NET EMBEDDED  
                                  CORPORATE CORPORATE   CMBS    ABS   PREFERRED STOCK   INVESTMENTS  MARKET   DERIVATIVES (6)
                                  --------- --------- -------  ----- ------------------ ----------- --------  ---------------
                                                                        (IN THOUSANDS)                                       
                                                                                                                             
YEAR ENDED DECEMBER 31, 2011:                                                                                                
Balance, January 1,..............  $2,673    $10,430  $    --  $  --    $      2,835     $  49,980  $124,720    $(3,660,494) 
Total realized/unrealized gains                                                                                              
 (losses) included in:                                                                                                       
  Net income (loss): (1), (2)                                                                                                
   Net investment income.........      10          4     (104)    --              --            19        --             --  
   Net investment gains                                                                                                      
    (losses).....................      --          1       --     --            (292)           --        --             --  
   Net derivative gains                                                                                                      
    (losses).....................      --         --       --     --              --            --   563,864     (2,710,927) 
   Policyholder benefits and                                                                                                 
    claims.......................      --         --       --     --              --            --     7,131         70,390  
  OCI............................    (150)      (511)     104     --             337            --       409       (120,058) 
Purchases (3)....................      --         --   41,724     --              --        39,951   225,211             --  
Sales (3)........................      --     (1,974)      --     --          (2,880)      (49,983)       --             --  
Settlements (3)..................      --         --       --     --              --            --    (2,563)      (612,007) 
Transfers into Level 3 (4).......      --      7,164       --     --              --            --        --             --  
Transfers out of Level 3 (4).....      --         --       --     --              --            --   (74,710)            --  
                                   ------    -------  -------  -----    ------------     ---------  --------    -----------  
Balance, December 31,............  $2,533    $15,114  $41,724  $  --    $         --     $  39,967  $844,062    $(7,033,096) 
                                   ======    =======  =======  =====    ============     =========  ========    ===========  
Changes in unrealized gains                                                                                                  
 (losses) included in net income                                                                                             
 (loss): (5)                                                                                                                 
  Net investment income..........  $   10    $     4  $  (104) $  --    $         --     $      15  $     --    $        --  
  Net investment gains (losses)..  $   --    $     1  $    --  $  --    $       (292)    $      --  $     --    $        --  
  Net derivative gains (losses)..  $   --    $    --  $    --  $  --    $         --     $      --  $566,325    $ 2,735,936  
  Policyholder benefits and                                                                                                  
   claims........................  $   --    $    --  $    --  $  --    $         --     $      --  $  7,131    $   108,678  

--------                                                                        

(1)Amortization of premium/accretion of discount is included within net         
investment income. Impairments charged to net income (loss) on securities 
are included in net investment gains (losses). Lapses associated with net 
embedded derivatives are included in net derivative gains (losses).       

(2)Interest and dividend accruals, as well as cash interest coupons and         
dividends received, are excluded from the rollforward.                    

(3)The amount reported within purchases, sales, issuances and settlements is    
the purchase or issuance price and the sales or settlement proceeds based 
 upon the actual date purchased or issued and sold or settled, respectively.
  Items purchased/issued and sold/settled in the same period are excluded from
the rollforward. Fees attributed to embedded derivatives are included in  
settlements.                                                              

(4)Gains and losses, in net income (loss) and other comprehensive income        
(loss), are calculated assuming transfers into and/or out of Level 3      
  occurred at the beginning of the period. Items transferred into and then out
of Level 3 in the same period are excluded from the rollforward.          

(5)Changes in unrealized gains (losses) included in net income (loss) relate to 
assets and liabilities still held at the end of the respective periods.   

(6)Embedded derivative assets and liabilities are presented net for purposes of 
the rollforward.                                                          

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

FAIR VALUE OF FINANCIAL INSTRUMENTS CARRIED AT OTHER THAN FAIR VALUE            

 The following tables provide fair value information for financial instruments
that are carried on the balance sheet at amounts other than fair value. These   
tables exclude the following financial instruments: cash and cash equivalents,  
accrued investment income, the obligation to return cash collateral received    
(included in other liabilities on the balance sheets) and short-term            
investments that are not securities, such as time deposits, and therefore are   
not included in the three level hierarchy table disclosed in the "-- Recurring  
Fair Value Measurements" section. The estimated fair value of the excluded      
financial instruments, which are primarily classified in Level 2 and, to a      
lesser extent, in Level 1, approximates carrying value as they are short-term   
in nature such that the Company believes there is minimal risk of material      
changes in interest rates or credit quality. All remaining balance sheet        
amounts excluded from the table below are not considered financial instruments  
subject to this disclosure.                                                     

 The carrying values and estimated fair values for such financial instruments,
and their corresponding placement in the fair value hierarchy, are summarized   
as follows at:                                                                  

                                                        [Enlarge/Download Table]

                                                                 DECEMBER 31, 2013                    
                                             ---------------------------------------------------------
                                                             FAIR VALUE HIERARCHY                     
                                              CARRYING  -----------------------------  TOTAL ESTIMATED
                                               VALUE    LEVEL 1  LEVEL 2     LEVEL 3     FAIR VALUE   
                                             ---------- ------- ---------- ----------  ---------------
                                                                  (IN THOUSANDS)                      
                                                                                                      
ASSETS                                                                                                
Premiums, reinsurance and other receivables. $  228,140  $  --  $  224,672 $ (161,249)   $   63,423   
LIABILITIES                                                                                           
Debt -- affiliated.......................... $  575,118  $  --  $  592,278 $       --    $  592,278   
Other liabilities........................... $    3,836  $  --  $    3,836 $       --    $    3,836   

                                                                 DECEMBER 31, 2012                    
                                             ---------------------------------------------------------
                                                             FAIR VALUE HIERARCHY                     
                                              CARRYING  -----------------------------  TOTAL ESTIMATED
                                               VALUE    LEVEL 1  LEVEL 2     LEVEL 3     FAIR VALUE   
                                             ---------- ------- ---------- ----------  ---------------
                                                                  (IN THOUSANDS)                      
ASSETS                                                                                                
Premiums, reinsurance and other receivables. $  304,411  $  --  $  275,479 $  174,126    $  449,605   
LIABILITIES                                                                                           
Debt -- affiliated.......................... $   75,118  $  --  $   82,174 $       --    $   82,174   
Other liabilities........................... $       72  $  --  $       72 $       --    $       72   

 The methods, assumptions and significant valuation techniques and inputs used
to estimate the fair value of financial instruments are summarized as follows:  

PREMIUMS, REINSURANCE AND OTHER RECEIVABLES                                   

Premiums, reinsurance and other receivables are principally comprised of  
certain amounts recoverable under reinsurance agreements and amounts on       
deposit with financial institutions to facilitate daily settlements related to
certain derivatives.                                                          

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

7. FAIR VALUE (CONTINUED)                                                       

Premiums receivable and those amounts recoverable under reinsurance       
agreements determined to transfer significant risk are not financial          
instruments subject to disclosure and thus have been excluded from the amounts
presented. Amounts recoverable under ceded reinsurance agreements, which the  
Company has determined do not transfer significant risk such that they are    
accounted for using the deposit method of accounting, have been classified as 
Level 3. The valuation is based on discounted cash flow methodologies using   
significant unobservable inputs. The estimated fair value is determined using 
interest rates determined to reflect the appropriate credit standing of the   
assuming counterparty.                                                        

The amounts on deposit for derivative settlements, classified within Level
2, essentially represent the equivalent of demand deposit balances and amounts
due for securities sold are generally received over short periods such that   
the estimated fair value approximates carrying value.                         

DEBT -- AFFILIATED                                                            

The estimated fair value of debt is principally determined using market 
standard valuation methodologies. Valuations are based primarily on quoted  
prices in markets that are not active or using matrix pricing that use      
standard market observable inputs such as quoted prices in markets that are 
not active and observable yields and spreads in the market. Instruments     
valued using discounted cash flow methodologies use standard market         
observable inputs including market yield curve, duration, observable prices 
and spreads for similar publicly traded or privately traded issues.         

OTHER LIABILITIES                                                             

Other liabilities consist primarily of interest payable. The Company      
evaluates the specific terms, facts and circumstances of each instrument to   
determine the appropriate estimated fair values, which are not materially     
different from the carrying values.                                           

8. DEBT -- AFFILIATED                                                           

The table below presents information for the Company's long-term and        
short-term debt-affiliated outstanding at:                                      

                                                                [Download Table]

                                                          DECEMBER 31,    
                                                      --------------------
                               INTEREST RATE MATURITY    2013      2012   
                               ------------- -------- ---------- ---------
                                                         (IN THOUSANDS)   
                                                      --------------------
                                                                          
SHORT-TERM AND LONG-TERM DEBT                                             
 Surplus note.................     6.798%      2014   $   75,118 $  75,118
 Senior notes.................     2.470%      2015      500,000        --
                                                      ---------- ---------
   Total debt-affiliated......                        $  575,118 $  75,118
                                                      ========== =========

On October 15, 2013, the Company issued $500.0 million of guaranteed senior 
notes, Series A, to various affiliates, maturing in 2015 with an interest rate  
of 2.47%.                                                                       

On September 27, 2012, the Holding Company assumed $750.0 million of the    
Company's senior notes with interest rates of 6.440% and 5.330%, payable to an  
affiliate. In exchange for the assumption of senior notes, the                  

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

8. DEBT -- AFFILIATED (CONTINUED)                                               

Company issued to the Holding Company 75,000 shares of Series A 7.69%           
non-cumulative perpetual preferred shares with a par value of $1 per share and  
a liquidity preference of $10,000 per share. The dividend is payable            
semi-annually. (See Note 9 for additional information on preferred stock).      

On December 19, 2012, the Holding Company assumed $1,250.0 million of the   
Company's senior notes with interest rates of 7.440%, 5.640% and 5.860%,        
payable to various affiliates. In exchange for the assumption of senior notes,  
the Company issued to the Holding Company 125,000 shares of Series A 7.75%      
non-cumulative perpetual preferred shares with a par value of $1 per share and  
a liquidity preference of $10,000 per share. The dividend is payable            
semi-annually. (See Note 9 for additional information on preferred stock).      

 On July 15, 2011, the Company issued a $500.0 million guaranteed senior note,
Series A, to various affiliates, maturing in 2021 with an interest rate of      
5.64%.                                                                          

On December 16, 2011, the Company issued a $500.0 million guaranteed senior 
note, Series B, to various affiliates, maturing in 2021 with an interest rate   
of 5.86%.                                                                       

Interest expense related to the Company's indebtedness, included in other   
expenses, was $7.7 million, $112.6 million and $83.3 million for the years      
ended December 31, 2013, 2012 and 2011, respectively.                           

LETTERS OF CREDIT                                                             

The Company had access to certain letter of credit agreements totaling    
$5,450.0 million in letter of credit capacity from various banks, either      
directly with the bank or indirectly through letters of credit available to   
the Holding Company for the benefit of the Company and certain other          
affiliates of the Holding Company. At December 31, 2013, the Company had      
$802.0 million in outstanding letters of credit. The letters of credit were   
used to collateralize assumed liabilities.                                    

Letters of credit outstanding as of December 31, 2013 were as follows:      

                                                        [Enlarge/Download Table]

                                                                USED BY    USED BY    REMAINING  
BORROWER(S)                       EXPIRATION       CAPACITY   THE COMPANY AFFILIATES   UNUSED    
----------------------------- ------------------ ------------ ----------- ---------- ------------
                                                        (IN THOUSANDS)                           
                                                                                                 
Exeter.......................  December 2027 (1) $    650,000 $  600,000  $       -- $     50,000
Holding Company and MetLife                                                                      
  Funding, Inc............... September 2017 (1)    1,000,000         --      59,000      941,000
Holding Company and MetLife                                                                      
  Funding, Inc...............        August 2016    3,000,000      2,000     130,789    2,867,211
Exeter, Holding Company &                                                                        
  Missouri Reinsurance, Inc..          June 2016      500,000         --     490,000       10,000
Holding Company..............        August 2014      300,000    200,000     100,000           --
                                                 ------------ ----------  ---------- ------------
 Total.......................                    $  5,450,000 $  802,000  $  779,789 $  3,868,211
                                                 ============ ==========  ========== ============

--------                                                                        

(1)The Holding Company is a guarantor under this agreement.                     

9. STOCKHOLDER'S EQUITY                                                         

Effective October 1, 2013 in conjunction with the Company's redomestication 
to Delaware the stockholder's equity was restructured.                          

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

9. STOCKHOLDER'S EQUITY (CONTINUED)                                             

Information regarding the restructure was as follows at:                    

                                                                [Download Table]

                                      DECEMBER 31,     
                                  ---------------------
                                     2013       2012   
                                  ---------- ----------
                                                       
COMMON STOCK                                           
Shares authorized................ 13,875,000 14,125,000
Shares issued.................... 13,466,000 13,466,000
Shares outstanding............... 13,466,000 13,466,000
Par value per share..............      $0.01      $1.00

                                      DECEMBER 31,     
                                  ---------------------
                                     2013       2012   
                                  ---------- ----------
PREFERRED STOCK                                        
Shares authorized................    250,000    200,000
Shares issued....................    200,000    200,000
Shares outstanding...............    200,000    200,000
Par value per share..............      $0.01      $1.00
Liquidation preference per share.    $10,000    $10,000

PREFERRED STOCK                                                                 

On September 27, 2012, the Company issued to the Holding Company 75,000     
shares of 7.69% Series A non-cumulative perpetual preferred stock in exchange   
for the assumption of $750.0 million of the Company's senior notes. See Note 8. 

On December 19, 2012, the Company issued to the Holding Company 125,000     
shares of 7.75% Series A non-cumulative perpetual preferred stock in exchange   
for the assumption of $1,250.0 million of the Company's senior notes. See Note  
8.                                                                              

EQUITY                                                                          

Under Delaware Law, the Company is required to maintain minimum capital of  
$250 thousand. The Company was in compliance with this requirement at           
December 31, 2013.                                                              

Under the Law, the Company was required to maintain net worth of $240       
thousand. The Company was in compliance with this requirement at September 30,  
2013 (prior to redomestication to Delaware) and December 31, 2012.              

During the year ended December 31, 2013, the Company received no capital    
contributions from the Holding Company. The Company received capital            
contributions of $800.0 million and $673.0 million in cash from the Holding     
Company during the years ended December 31, 2012 and 2011.                      

During the years ended December 31, 2013, 2012 and 2011, the Holding Company
paid and contributed, on the Company's behalf, $26.8 million, $33.4 million and 
$30.9 million, respectively, in the form of letter of credit fees.              

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

9. STOCKHOLDER'S EQUITY (CONTINUED)                                             

DIVIDEND RESTRICTIONS                                                           

Under the strategic business plan of the company approved by the Delaware   
Insurance commissioner (the "Commissioner"), the company may not declare or pay 
dividend in any form to its parent without the approval of the Commissioner and 
in no event shall the Commissioner grant such approval if the dividend would    
result in the insolvency or impairment of the Company.                          

The company paid non-cumulative perpetual preferred stock dividend to the   
Holding company of $132.5 million during the year ended December 31, 2013. The  
Company did not pay a dividend to the Holding Company during the years ended    
December 31, 2012 and 2011.                                                     

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)                                   

Information regarding changes in the balances of each component of AOCI, net
of income tax, was as follows:                                                  

                                                        [Enlarge/Download Table]

                                                       UNREALIZED      FOREIGN              
                                                    INVESTMENT GAINS  CURRENCY              
                                                    (LOSSES), NET OF TRANSLATION            
                                                    RELATED OFFSETS  ADJUSTMENT     TOTAL   
                                                    ---------------- ----------- -----------
                                                                 (IN THOUSANDS)             
                                                                                            
Balance at December 31, 2010.......................   $     3,341    $    39,291 $    42,632
OCI before reclassifications.......................        39,974       (15,751)      24,223
Income tax expense (benefit).......................      (13,991)             --    (13,991)
                                                      -----------    ----------- -----------
 OCI before reclassifications, net of income tax...        29,324         23,540      52,864
Amounts reclassified from AOCI.....................       (4,425)             --     (4,425)
Income tax expense (benefit).......................         1,549             --       1,549
                                                      -----------    ----------- -----------
 Amounts reclassified from AOCI, net of income tax.       (2,876)             --     (2,876)
                                                      -----------    ----------- -----------
Balance at December 31, 2011.......................        26,448         23,540      49,988
OCI before reclassifications.......................        29,412         13,028      42,440
Income tax expense (benefit).......................      (10,294)             --    (10,294)
                                                      -----------    ----------- -----------
 OCI before reclassifications, net of income tax...        45,566         36,568      82,134
Amounts reclassified from AOCI.....................       (4,395)             --     (4,395)
Income tax expense (benefit).......................         1,538             --       1,538
                                                      -----------    ----------- -----------
 Amounts reclassified from AOCI, net of income tax.       (2,857)             --     (2,857)
                                                      -----------    ----------- -----------
Balance at December 31, 2012.......................        42,709         36,568      79,277
OCI before reclassifications.......................      (54,557)         26,548    (28,009)
Income tax expense (benefit).......................        19,094             --      19,094
                                                      -----------    ----------- -----------
 OCI before reclassifications, net of income tax...         7,246         63,116      70,362
Amounts reclassified from AOCI.....................       (2,077)             --     (2,077)
Income tax expense (benefit).......................           727             --         727
                                                      -----------    ----------- -----------
 Amounts reclassified from AOCI, net of income tax.       (1,350)             --     (1,350)
                                                      -----------    ----------- -----------
Balance at December 31, 2013.......................   $     5,896    $    63,116 $    69,012
                                                      ===========    =========== ===========

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

9. STOCKHOLDER'S EQUITY (CONTINUED)                                             

 Information regarding amounts reclassified out of each component of AOCI, was
as follows:                                                                     

                                                        [Enlarge/Download Table]

                                                                                          STATEMENT OF OPERATIONS AND     
AOCI COMPONENTS                                  AMOUNTS RECLASSIFIED FROM AOCI       COMPREHENSIVE INCOME (LOSS) LOCATION
------------------------------------------ ------------------------------------------ ------------------------------------
                                                    YEARS ENDED DECEMBER 31,                                              
                                           ------------------------------------------                                     
                                               2013          2012           2011                                          
                                           ------------ -------------- --------------                                     
                                                         (IN THOUSANDS)                                                   
                                                                                                                          
Net unrealized investment gains (losses):                                                                                 
  Net unrealized investment gains                                                                                         
   (losses)............................... $      2,066 $        4,387 $        4,426 Other net investment gains (losses) 
  Net unrealized investment gains                                                                                         
   (losses)...............................           11              8            (1) Net investment income               
                                           ------------ -------------- --------------                                     
   Net unrealized investment gains                                                                                        
    (losses), before income tax...........        2,077          4,395          4,425                                     
   Income tax (expense) benefit...........        (727)        (1,538)        (1,549)                                     
                                           ------------ -------------- --------------                                     
   Net unrealized investment gains                                                                                        
    (losses), net income tax.............. $      1,350 $        2,857 $        2,876                                     
                                           ============ ============== ==============                                     
Total reclassification, net of income tax. $      1,350 $        2,857 $        2,876                                     
                                           ============ ============== ==============                                     

10. OTHER EXPENSES                                                              

Information on other expenses was as follows:                               

                                                                [Download Table]

                                                      YEARS ENDED DECEMBER 31,    
                                                  --------------------------------
                                                     2013       2012       2011   
                                                  ---------- ---------- ----------
                                                           (IN THOUSANDS)         
                                                                                  
Commissions...................................... $   11,775 $   11,116 $    9,155
Volume-related costs.............................     26,816     33,524     30,929
Affiliated costs of reinsurance..................     72,517        297     12,073
Capitalization of DAC............................    (2,013)    (1,760)    (2,955)
Amortization of DAC..............................   (21,146)     43,204     31,527
Interest expense on debt and debt issuance costs.      7,714    112,646     83,296
Premium taxes, licenses & fees...................         25          9         34
Professional services............................        468        858         84
Other............................................      5,051      6,947      5,740
                                                  ---------- ---------- ----------
  Total other expenses........................... $  101,207 $  206,841 $  169,883
                                                  ========== ========== ==========

CAPITALIZATION AND AMORTIZATION OF DAC                                          

See Note 2 for additional information on DAC including impacts of           
capitalization and amortization.                                                

AFFILIATED EXPENSES                                                             

Commissions, volume-related costs and capitalization and amortization of DAC
include the impact of affiliated reinsurance transactions.                      

See Notes 4 and 8 for a discussion of affiliated expenses included in the   
table above.                                                                    

INTEREST EXPENSE ON DEBT                                                        

See Note 8 for attribution of interest expense by debt issuance.            

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

11. INCOME TAX                                                                  

The provision for income tax was as follows:                                

                                                                [Download Table]

                                                  YEARS ENDED DECEMBER 31,      
                                            ------------------------------------
                                               2013         2012         2011   
                                            ---------- -------------- ----------
                                                       (IN THOUSANDS)           
                                                                                
Current:                                                                        
 Federal................................... $(267,685) $    (363,174) $  273,521
 Foreign...................................         50             50         --
                                            ---------- -------------- ----------
                                             (267,635)      (363,124)    273,521
Deferred:                                                                       
 Federal...................................    631,850    (1,092,375)  (179,444)
                                            ---------- -------------- ----------
Provision for income tax expense (benefit). $  364,215 $  (1,455,499) $   94,077
                                            ========== ============== ==========

The reconciliation of the income tax provision at the U.S. statutory rate to
the provision for income tax as reported was follows:                           

                                                                [Download Table]

                                                 YEARS ENDED DECEMBER 31,      
                                            -----------------------------------
                                               2013         2012        2011   
                                            ---------- -------------- ---------
                                                      (IN THOUSANDS)           
                                                                               
Tax provision at U.S. statutory rate....... $  362,691 $  (1,455,439) $  94,077
Tax effect of:                                                                 
Other......................................      1,464             --        --
Tax exempt investment income...............         --           (60)        --
Prior year tax.............................         60             --        --
                                            ---------- -------------- ---------
Provision for income tax expense (benefit). $  364,215 $  (1,455,499) $  94,077
                                            ========== ============== =========

Deferred income tax represents the tax effect of the differences between the
book and tax basis of assets and liabilities. Net deferred income tax assets    
and liabilities consisted of the following at:                                  

                                                                [Download Table]

                                                 DECEMBER 31,       
                                           -------------------------
                                               2013         2012    
                                           ------------ ------------
                                                (IN THOUSANDS)      
                                                                    
Deferred income tax assets:                                         
 Benefit, reinsurance and other reserves.. $    726,167 $  2,752,083
 Investments, including derivatives.......      821,544           --
 Net operating loss.......................       67,235           --
 Tax credits..............................          113           --
 Other....................................           --          753
                                           ------------ ------------
                                              1,615,059    2,752,836
                                           ------------ ------------
Deferred income tax liabilities:                                    
 Net unrealized investment gains..........        3,176       22,997
 DAC......................................       35,280       33,288
 Investments, including derivatives.......           --      429,480
 Other....................................       47,139           --
                                           ------------ ------------
                                                 85,595      485,765
                                           ------------ ------------
Net deferred income tax asset (liability). $  1,529,464 $  2,267,071
                                           ============ ============

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

11. INCOME TAX (CONTINUED)                                                      

Domestic net operating carryforwards of $192,099 thousand at December 31,   
2013 will expire beginning in 2028. Tax credit carryforwards of $113 thousand   
at December 31, 2013 will expire beginning in 2022.                             

The lack of a valuation allowance reflects management's assessment, based on
available information, that it is more likely than not that the deferred income 
tax asset will be realizable. In 2013, management believes that it is more      
likely than not that the results of future operations will generate sufficient  
taxable income to realize gross deferred tax assets. Accordingly, the Company   
has not recorded a valuation allowance against its gross deferred tax assets.   
The Company has determined that a valuation allowance against its deferred tax  
assets is not appropriate as of the year ended December 31, 2012.               

Prior to October 1, 2013, the Company was registered as an exempted company 
pursuant to the Companies Law of the Cayman Islands. No local income, profits   
or capital gains taxes are levied in the Cayman Islands at the current time. As 
a result, no provision for such taxes is recorded by the Company.               

Prior to the re-domestication, the Company made an election to be treated as
an U.S. Domestic entity under Internal Revenue Code Section ("Sec.") 953(d).    
The election under Sec. 953(d) is valid through December 31, 2013. The Company  
joins with the Holding Company and its includable life insurance and non-life   
insurance subsidiaries in filing a consolidated U.S. federal income tax return  
in accordance with the provision of the Code. Pursuant to this tax sharing      
agreement, the amount due from the Holding Company was $196.6 million and       
$261.7 million at December 31, 2013 and 2012, respectively.                     

The Company files income tax returns with the U.S. federal government and is
under continuous examination by the Internal Revenue Service. The Company is no 
longer subject to U.S. federal income tax examinations for years prior to 2003, 
with the exception of the period October 31, 2000 through December 31, 2000.    
The IRS audit cycle for the years 2003 through 2006, which began in April 2010, 
is expected to conclude in 2014. It is not expected to have a material impact   
on the financial statements. As of December 31, 2013, the Company had no        
liability for unrecognized tax benefits.                                        

12. CONTINGENCIES AND COMMITMENTS                                               

 There is no pending or threatened litigation, claim or assessment against the
Company that would constitute a material loss contingency.                      

Various litigation, claims or assessments against the Company may arise in  
the ordinary course of the Company's business. Liabilities for litigations,     
claims or assessments are established when it is probable that a loss has been  
incurred and the amount of the loss can be reasonably estimated. The Company    
regularly reviews relevant information with respect to liabilities for          
litigation, regulatory investigations and litigation-related contingencies to   
be reflected in the Company's financial statements. Based on information        
currently known by the Company's management, in its opinion, there are no       
current legal proceedings, likely to have such an effect. However, it is        
possible that an adverse outcome in a litigation matter, should such a          
litigation matter arise in the future, could have a material effect on the      
Company's net income or cash flows.                                             

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EXETER REASSURANCE COMPANY, LTD.  

NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)  

13. OTHER RELATED PARTY TRANSACTIONS                                            

 The Company had net payables to affiliates of $593 thousand and $877 thousand
at December 31, 2013 and 2012, respectively. These payables exclude affiliated  
reinsurance balances discussed in Note 4 and affiliated debt balances discussed 
in Note 8.                                                                      

See Note 5 for additional related party transactions.                       

14. SUBSEQUENT EVENTS                                                           

In anticipation of the Mergers, certain risks formerly reinsured by Exeter  
were re-directed to affiliates through various forms of transactions. For       
certain risks that were re-directed in October 2014 and November 2014, the      
agreement terms included that the initial settlement amounts were to be based   
upon the reinsurance balances at September 30, 2014. The estimated impacts of   
these transactions to Exeter were a decrease in cash and invested assets of     
$2.6 billion, a decrease in future policy benefits of $500 million, a decrease  
in policyholder account balances of $1.2 billion and a decrease in other        
policy-related balances of $800 million. Also as a result of these              
transactions, Exeter recorded an estimated net loss of $100 million during the  
fourth quarter of 2014. These estimated amounts will be adjusted to actual      
settlement amounts by January 2015, in accordance with the applicable           
reinsurance recapture agreements' terms. The Company expects to enter into      
another affiliated reinsurance transaction on or around November 10, 2014. The  
estimated impacts, based upon the account balances at September 30, 2014, are a 
decrease in cash and invested assets of $400 million, a decrease in future      
policy benefits of $500 million, offset by an increase in other policy-related  
balances of $100 million. It is likely that the final settlement amounts of     
these reinsurance transactions, that will consider additional available         
information, will differ from the estimated amounts and it is possible the      
differences may be material.                                                    

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METLIFE INVESTORS INSURANCE COMPANY 

METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE 

SUPPLEMENT DATED APRIL 28, 2014 
TO  
PROSPECTUSES DATED MAY 1, 2001 AND NOVEMBER 9, 2009 
(CUSTOM-SELECT FLEX VUL)  

This will supplement the prospectuses dated May 1, 2001 (as supplemented) and   
November 9, 2009 (as supplemented) for variable life insurance policies issued  
by Metlife Investors Variable Life Account One. The following information is    
provided with respect to the investment options available under the Flexible    
Premium Variable Life Insurance Policy (the "Policy") issued by MetLife         
Investors Insurance Company.                                                    

The corresponding sections of the prospectus are supplemented or modified as    
follows:                                                                        

EXPENSES                                                                        

.. DEDUCTIONS FROM THE INVESTMENT FUNDS                                         

MORTALITY AND EXPENSE RISK CHARGE                                               

We are waiving an amount of the Mortality and Expense Risk Charge equal to the  
Investment Fund expenses that are in excess of 0.58% for cash value allocated   
to the T. Rowe Price Large Cap Value Portfolio.                                 

ANNUAL OPERATING EXPENSES                                                       
(as a percentage of average daily net assets)                                   

The following table describes the annual operating expenses for each Investment 
Fund for the year ended December 31, 2013, before and after any applicable      
contractual fee waivers and expense reimbursements:                             

                                                        [Enlarge/Download Table]

------------------------------------------------------------------------------------------------------------------------
                                                     DISTRIBUTION            ACQUIRED    TOTAL    FEE WAIVER   NET TOTAL
                                                        AND/OR               FUND FEES  ANNUAL      AND/OR      ANNUAL  
                                         MANAGEMENT SERVICE (12B-1)  OTHER      AND    OPERATING    EXPENSE    OPERATING
            INVESTMENT FUND                 FEE          FEES       EXPENSES EXPENSES  EXPENSES  REIMBURSEMENT EXPENSES 
------------------------------------------------------------------------------------------------------------------------
                                                                                                                        
AIM VARIABLE INSURANCE FUNDS                                                                                            
 (INVESCO VARIABLE INSURANCE                                                                                            
 FUNDS) -- SERIES I                                                                                                     
Invesco V.I. International Growth Fund      0.71%         --          0.31%    0.01%     1.03%       0.01%       1.02%  
FRANKLIN TEMPLETON VARIABLE                                                                                             
 INSURANCE PRODUCTS TRUST --                                                                                            
 CLASS 1                                                                                                                
Templeton Foreign VIP Fund                  0.64%         --          0.14%      --      0.78%         --        0.78%  
MET INVESTORS SERIES TRUST --                                                                                           
 CLASS A                                                                                                                
Clarion Global Real Estate Portfolio        0.60%         --          0.05%      --      0.65%         --        0.65%  
ClearBridge Aggressive Growth Portfolio     0.59%         --          0.02%      --      0.61%       0.00%       0.61%  
Invesco Mid Cap Value Portfolio             0.65%         --          0.05%    0.08%     0.78%       0.02%       0.76%  
Invesco Small Cap Growth Portfolio          0.85%         --          0.02%      --      0.87%       0.02%       0.85%  
Lord Abbett Bond Debenture Portfolio        0.51%         --          0.03%      --      0.54%         --        0.54%  
MFS(R) Emerging Markets Equity                                                                                          
 Portfolio                                  0.87%         --          0.15%      --      1.02%       0.01%       1.01%  
MFS(R) Research International Portfolio     0.68%         --          0.07%      --      0.75%       0.06%       0.69%  
Morgan Stanley Mid Cap Growth                                                                                           
 Portfolio                                  0.64%         --          0.05%      --      0.69%       0.01%       0.68%  
PIMCO Total Return Portfolio                0.48%         --          0.03%      --      0.51%         --        0.51%  
T. Rowe Price Large Cap Value Portfolio     0.57%         --          0.02%      --      0.59%         --        0.59%  
------------------------------------------------------------------------------------------------------------------------

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                                                        [Enlarge/Download Table]

-------------------------------------------------------------------------------------------------------------------
                                                DISTRIBUTION            ACQUIRED    TOTAL    FEE WAIVER   NET TOTAL
                                                   AND/OR               FUND FEES  ANNUAL      AND/OR      ANNUAL  
                                    MANAGEMENT SERVICE (12B-1)  OTHER      AND    OPERATING    EXPENSE    OPERATING
         INVESTMENT FUND               FEE          FEES       EXPENSES EXPENSES  EXPENSES  REIMBURSEMENT EXPENSES 
-------------------------------------------------------------------------------------------------------------------
                                                                                                                   
METROPOLITAN SERIES FUND --                                                                                        
 CLASS A                                                                                                           
BlackRock Bond Income Portfolio        0.33%         --          0.02%     --       0.35%       0.00%       0.35%  
BlackRock Money Market Portfolio       0.33%         --          0.02%     --       0.35%       0.02%       0.33%  
Jennison Growth Portfolio              0.60%         --          0.02%     --       0.62%       0.07%       0.55%  
Neuberger Berman Genesis Portfolio     0.80%         --          0.03%     --       0.83%       0.01%       0.82%  
T. Rowe Price Large Cap Growth                                                                                     
 Portfolio                             0.60%         --          0.03%     --       0.63%       0.01%       0.62%  
T. Rowe Price Small Cap Growth                                                                                     
 Portfolio                             0.48%         --          0.04%     --       0.52%         --        0.52%  
Western Asset Management Strategic                                                                                 
 Bond Opportunities Portfolio          0.60%         --          0.06%     --       0.66%       0.04%       0.62%  
PUTNAM VARIABLE TRUST -- CLASS IA                                                                                  
Putnam VT Multi-Cap Growth Fund        0.56%         --          0.16%     --       0.72%         --        0.72%  
-------------------------------------------------------------------------------------------------------------------

The information shown in the table above was provided by the Investment Funds   
and we have not independently verified that information. Net Total Annual       
Operating Expenses shown in the table reflect any current fee waiver or expense 
reimbursement arrangement that will remain in effect for a period of at least   
one year from the date of the Investment Fund's 2014 prospectus. "0.00%" in the 
Fee Waiver and/or Expense Reimbursement column indicates that there is such an  
arrangement in effect for the Investment Fund, but that the expenses of the     
Investment Fund are below the level that would trigger the waiver or            
reimbursement. Fee waiver and expense reimbursement arrangements with a         
duration of less than one year, or arrangements that may be terminated without  
the consent of the Investment Fund's board of directors or trustees, are not    
shown.                                                                          

INVESTMENT FUNDS                                                                

The Policy offers the Investment Funds which are listed below. Appendix A       
contains a summary of investment objectives and subadvisers, if any, for each   
Investment Fund. Additional Investment Funds may be available in the future.    

YOU SHOULD READ THE PROSPECTUSES FOR THESE FUNDS CAREFULLY. YOU CAN OBTAIN      
COPIES OF THE FUND PROSPECTUSES BY CALLING US AT 1-800-343-8496. YOU CAN ALSO   
OBTAIN INFORMATION ABOUT THE FUNDS (INCLUDING A COPY OF THE STATEMENT OF        
ADDITIONAL INFORMATION) BY ACCESSING THE SECURITIES AND EXCHANGE COMMISSION'S   
WEBSITE AT HTTP://WWW.SEC.GOV.                                                  

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) (SERIES I       
SHARES)                                                                         

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) is a mutual     
fund with multiple portfolios. Invesco Advisers, Inc. is the investment adviser 
to each portfolio. The following Series I portfolio is available under the      
policy:                                                                         

Invesco V.I. International Growth Fund                                        

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1)                  

Franklin Templeton Variable Insurance Products Trust currently consists of      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

Templeton Foreign VIP Fund (formerly Templeton Foreign Securities Fund)       

MET INVESTORS SERIES TRUST (CLASS A)                                            

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. Met Investors Series Trust is a mutual fund     
with multiple portfolios. MetLife Advisers, LLC has engaged subadvisers to      
provide investment advice for the individual investment portfolios. The         
following Class A portfolios are available under the policy:                    

Clarion Global Real Estate Portfolio                                          
ClearBridge Aggressive Growth Portfolio                                       
Invesco Mid Cap Value Portfolio (formerly Lord Abbett Mid Cap Value Portfolio)
Invesco Small Cap Growth Portfolio                                            
Lord Abbett Bond Debenture Portfolio                                          
MFS(R) Emerging Markets Equity Portfolio                                      

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MFS(R) Research International Portfolio                                       
Morgan Stanley Mid Cap Growth Portfolio                                       
PIMCO Total Return Portfolio                                                  
T. Rowe Price Large Cap Value Portfolio                                       

METROPOLITAN SERIES FUND (CLASS A)                                              

Metropolitan Series Fund is a mutual fund with multiple portfolios. MetLife     
Advisers, LLC is the investment adviser to the portfolios. MetLife Advisers,    
LLC has engaged subadvisers to provide investment advice for the individual     
investment portfolios. The following Class A portfolios are available under the 
policy:                                                                         

BlackRock Bond Income Portfolio                                               
BlackRock Money Market Portfolio                                              
Jennison Growth Portfolio                                                     
Neuberger Berman Genesis Portfolio                                            
T. Rowe Price Large Cap Growth Portfolio                                      
T. Rowe Price Small Cap Growth Portfolio                                      
Western Asset Management Strategic Bond Opportunities Portfolio               

PUTNAM VARIABLE TRUST (CLASS IA)                                                

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following Class IA portfolio is available under the policy:                     

Putnam VT Multi-Cap Growth Fund                                               

OTHER INFORMATION                                                               

METLIFE INVESTORS                                                               

The principal executive offices of MetLife Investors Insurance Company have     
changed from 5 Park Plaza, Suite 1900, Irvine, CA 92614 to 11225 North          
Community House Road, Charlotte, NC 28277.                                      

In 2013, MetLife, Inc. announced its plans to merge MetLife Investors, MetLife  
Investors USA Insurance Company (MetLife Investors USA), MetLife Insurance      
Company of Connecticut (MetLife of Connecticut), and Exeter Reassurance         
Company, Ltd. (Exeter Reassurance), to create one larger U.S.-based and         
U.S.-regulated life insurance company. MetLife Investors USA and MetLife of     
Connecticut, like MetLife Investors, are U.S. insurance companies that issue    
variable insurance products in addition to other products. Exeter Reassurance   
is a direct subsidiary of MetLife, Inc. that mainly reinsures guarantees        
associated with variable annuity products issued by U.S. insurance companies    
that are direct or indirect subsidiaries of MetLife, Inc. MetLife of            
Connecticut, which is expected to be renamed and domiciled in Delaware, will be 
the surviving entity. These mergers are expected to occur towards the end of    
2014, subject to regulatory approvals.                                          

DISTRIBUTION                                                                    

The principal business address of MetLife Investors Distribution Company        
("Distributor") had changed from 5 Park Plaza, Suite 1900, Irvine, CA 92614 to  
1095 Avenue of the Americas, New York, NY 10036.                                

The Financial Industry Regulatory Authority ("FINRA") provides background       
information about broker-dealers and their registered representatives through   
FINRA BrokerCheck. You may contact the FINRA BrokerCheck Hotline at             
1-800-289-9999, or log on to www.finra.org. An investor brochure that includes  
information describing FINRA BrokerCheck is available through the Hotline or    
on-line.                                                                        

FEDERAL TAX STATUS                                                              

NOTE: The following description is based upon our understanding of current      
Federal income tax law applicable to life insurance in general. We cannot       
predict the probability that any changes in such laws will be made. Purchasers  
are cautioned to seek competent tax advice regarding the possibility of such    
changes. Section 7702 of the Internal Revenue Code of 1986, as amended          
("Code"), defines the term "life insurance contract" for purposes of the Code.  
We believe that Single Life Policies issued on a standard underwriting basis    
should qualify as "life insurance contracts" under Section 7702. There is more  
uncertainty as to Single Life Policies issued on a substandard risk basis and   
Joint and Survivor Policies. We do not guarantee the tax status of the          
Policies. Purchasers bear the complete risk that the Policies may not be        
treated as a "life insurance contract" under Federal income tax laws.           
Purchasers should consult their own tax advisers. It should be further          
understood that the following discussion is not exhaustive and that special     
rules not described in this prospectus may be applicable in certain situations. 
In general, however, the insurance proceeds payable on the death of the Insured 
will never be less than the minimum amount required for the Policy to be        
treated as life insurance under section 7702 of the Internal Revenue Code, as   
in effect on the date the Policy was issued.                                    

INTRODUCTION. The discussion contained herein addressing Federal income tax     
considerations relating to the Policy is general in nature and is not intended  
as tax advice. It does not purport to be complete or to address every situation.

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Each person concerned should consult a competent tax adviser. No attempt is     
made to consider any applicable state, local or foreign or other tax laws.      
Moreover, the discussion herein is based upon our understanding of current      
federal income tax laws as they are currently interpreted. No representation is 
made regarding the likelihood of continuation of those current federal income   
tax laws or of the current interpretations by the Internal Revenue Service.     

IRS CIRCULAR 230 NOTICE: The tax information contained herein is not intended   
to (and cannot) be used by anyone to avoid IRS penalties. It is intended to     
support the sale of the Policy. The Policy Owner should seek tax advice based   
on the Policy Owner's particular circumstances from an independent tax adviser. 

We are taxed as a life insurance company under the Code. For federal income tax 
purposes, the Separate Account is not a separate entity but is part of our      
operations.                                                                     

DIVERSIFICATION. Section 817(h) of the Code imposes certain diversification     
standards on the underlying assets of variable life insurance policies. The     
Code provides that a variable life insurance policy will not be treated as life 
insurance for any period (and any subsequent period) for which the investments  
are not adequately diversified under IRS rules. Disqualification of the Policy  
as a life insurance contract would result in imposition of federal income tax   
to the Owner with respect to earnings allocable to the Policy prior to the      
receipt of payments under the Policy. We intend that each Investment Fund       
underlying the Policies will be managed by the managers in such a manner as to  
comply with these diversification requirements. If Investment Fund shares are   
sold directly to tax-qualified retirement plans that later lose their           
tax-qualified status, or to non-qualified plans, there may be adverse           
consequences under the diversification rules.                                   

INVESTOR CONTROL. In some circumstances, owners of variable contracts who       
retain excessive control over the investment of the underlying separate account 
assets may be treated as the owners of those assets. Although published         
guidance in this area does not address certain aspects of the Policies, we      
believe that the Owner of a Policy should not be treated as the owner of the    
Separate Account assets. We reserve the right to modify the Policies to bring   
them into conformity with applicable standards should such modification be      
necessary to prevent Owners of the Policies from being treated as the owners of 
the underlying Separate Account assets.                                         

TAX TREATMENT OF THE POLICY. The Policy has been designed to comply with the    
definition of life insurance contained in Section 7702 of the Code. Although    
some interim guidance has been provided and some proposed and final regulations 
have been issued, a comprehensive set of final regulations has not been         
adopted. Section 7702 of the Code requires that the amount of mortality and     
other expense charges be reasonable. In establishing these charges, we have     
relied on interim IRS guidance. Currently, there is even less guidance as to    
Policies issued on a substandard risk basis and Joint and Last Survivor         
Policies. Moreover, if you elect the Accelerated Death Benefit Rider, the       
continued tax qualification of the Policy after a distribution is made under    
the rider is unclear. We may take appropriate steps to bring the Policy into    
compliance with applicable requirements and we reserve the right to restrict    
Policy transactions in order to do so.                                          

We note that the law relating to Section 7702 compliance is complex and unclear 
in many respects. There is a risk, therefore, that the Internal Revenue Service 
will not concur with some of our interpretations of Section 7702 that were made 
in determining such compliance. In the event the Policy is determined not to    
comply, it would not qualify for the favorable tax treatment usually accorded   
life insurance policies. You should consult your own tax advisers with respect  
to the tax consequences of purchasing the Policy. The following discussion      
assumes that the Policy will satisfy Section 7702.                              

POLICY PROCEEDS. The tax treatment accorded to loan proceeds and/or surrender   
payments from the policies will depend on whether the Policy is considered to   
be a MEC. (See "Tax Treatment of Loans and Surrenders.") Otherwise, we believe  
that the Policy should receive the same Federal income tax treatment as any     
other type of life insurance. As such, the death benefit thereunder is          
generally excludable from the gross income of the Beneficiary to the extent     
provided in Section 101(a) of the Code. Also, in general, you are not deemed to 
be in constructive receipt of the Cash Surrender Value, including increments    
thereon, under a Policy until there is a distribution of such amounts.          

In the case of employer-owned life insurance as defined in Section 101(j), the  
amount of the death benefit excludable from gross income is limited to premiums 
paid unless the Policy falls within certain specified exceptions and a notice   
and consent requirement is satisfied before the Policy is issued. Certain       
specified exceptions are based on the status of an employee as highly           
compensated, a director or recently employed. There are also exceptions for     
Policy                                                                          

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proceeds paid to an employee's heirs. These exceptions only apply if proper     
notice is given to the insured employee and consent is received from the        
insured employee before the issuance of the Policy. These rules apply to        
Policies issued August 18, 2006 and later and also apply to policies issued     
before August 18, 2006 after a material increase in the death benefit or other  
material change. An IRS reporting requirement applies to employer-owned life    
insurance subject to these rules. Because these rules are complex and will      
affect the tax treatment of death benefits, it is advisable to consult tax      
counsel. The death benefit will also be taxable in the case of a                
transfer-for-value unless certain exceptions apply.                             

Federal, state and local estate, inheritance and other tax consequences of      
ownership, or receipt of Policy proceeds, depend on the circumstances of each   
owner or Beneficiary. A tax advisor should be consulted on these circumstances. 

TAX TREATMENT OF LOANS AND SURRENDERS. Section 7702A of the Code sets forth the 
rules for determining when a life insurance Policy will be deemed to be a       
Modified Endowment Contract or a MEC. A MEC is a contract which is entered into 
or materially changed on or after June 21, 1988 and fails to meet the 7-pay     
test. A Policy fails to meet the 7-pay test when the cumulative amount paid     
under the Policy at any time during the first 7 Policy years, or 7 years after  
a material change, exceeds the sum of the net level premiums which would have   
been paid on or before such time if the Policy provided for paid-up future      
benefits after the payment of seven (7) level annual premiums. A material       
change would include any increase in the future benefits or addition of         
qualified additional benefits provided under a Policy unless the increase is    
attributable to: (1) the payment of premiums necessary to fund the lowest death 
benefit and qualified additional benefits payable in the first seven Policy     
years; or (2) the crediting of interest or other earnings with respect to such  
premiums.                                                                       

Certain changes in a Policy after it is issued could also cause it to fail to   
satisfy the 7-pay test and therefore to be classified as a MEC. Making          
additional payments, reducing the Policy's death benefit, reducing the Policy's 
benefits through a partial withdrawal, a change in death benefit option, and    
termination of benefits under a rider are examples of changes that could result 
in your Policy becoming classified as a MEC. Reducing the death benefit below   
the lowest death benefit provided by the Policy during the first seven years    
will probably cause the Policy to be classified as a MEC if such a reduction    
occurs during the first seven Policy years in the case of a Single Life Policy  
or at any time in the case of a Joint and Last Survivor Policy. Even if these   
events do not result in a Policy becoming classified as a MEC, they could       
reduce the amount that may be paid in the future without causing the Policy to  
be classified as a MEC. You should consult a tax adviser to determine whether a 
Policy transaction will cause your Policy to be classified as a MEC.            

Furthermore, any Policy received in exchange for a Policy classified as a MEC   
will be treated as a MEC regardless of whether it meets the 7-pay test.         
However, an exchange under Section 1035 of the Code of a life insurance Policy  
entered into before June 21, 1988 for the Policy will not cause the Policy to   
be treated as a MEC if no additional premiums are paid.                         

Due to the flexible premium nature of the Policy, the determination of whether  
it qualifies for treatment as a MEC depends on the individual circumstances of  
each Policy.                                                                    

If the Policy is classified as a MEC, then any distribution (including a loan   
taken from or secured by the Policy) is taxable to the extent of income in the  
Policy. Distributions are deemed to be on a last-in, first-out basis, which     
means the taxable income is distributed first. Distributions, including those   
resulting from surrender or lapse of the Policy, may also be subject to an      
additional 10% federal income tax penalty applied to the income portion of such 
distribution. The penalty shall not apply, however, to any distributions:       
(1) made on or after the date on which the taxpayer reaches age 59 1/2;         
(2) which is attributable to the taxpayer becoming disabled (within the meaning 
of Section 72(m)(7) of the Code); or (3) which is part of a series of           
substantially equal periodic payments made not less frequently than annually    
for the life (or life expectancy) of the taxpayer or the joint lives (or joint  
life expectancies) of such taxpayer and his beneficiary. The exception to the   
additional 10% federal income tax penalty does not apply to a taxpayer which is 
a non-natural person, such as a corporation.                                    

If a Policy becomes a MEC, distributions that occur during the Policy year will 
be taxed as distributions from a MEC. In addition, distributions from a Policy  
within two years before it becomes a MEC will be taxed in this manner. This     
means that a distribution made from a Policy that is not a MEC could later      
become taxable as a distribution from a MEC.                                    

If a Policy is not classified as a MEC, then any distribution shall generally   
be treated first as a recovery of the investment                                

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in the Policy which would not be received as taxable income. Distributions will 
be taxable once your investment in the Policy is reduced to zero. However, if a 
distribution is the result of a reduction in benefits under the Policy within   
the first fifteen years after the Policy is issued in order to comply with      
Section 7702, such distribution will, under rules set forth in Section 7702, be 
taxed as ordinary income to the extent of income in the Policy.                 

Your investment in the Policy is generally your aggregate premiums. When a      
distribution is taken from the Policy, your investment in the Policy is reduced 
by the amount of the distribution that is tax-free.                             

Loans from a Policy which is not classified as a MEC, will generally be treated 
as Indebtedness of the Owner and not a distribution. However, there is          
uncertainty as to loans from such a Policy after the 10th Policy year and you   
should consult a tax adviser as to the treatment of such loans.                 

If your Policy is surrendered, cancelled, lapses, or is exchanged while any     
Policy loan is outstanding, the amount of the Policy loan plus accrued interest 
will be deemed to be distributed to you and could be partly or wholly taxable,  
depending on your particular circumstances. Cash distributed to you from the    
Policy in these circumstances may be insufficient to pay the tax attributable   
to any Policy loan.                                                             

Interest payable on a loan under a Policy is generally not deductible.          

Policyowners should seek competent tax advice on the tax consequences of taking 
loans, distributions, exchanging or surrendering any Policy.                    

MULTIPLE POLICIES. The Code further provides that multiple MECs that are issued 
within a calendar year period to the same owner by one company or its           
affiliates are treated as one MEC for purposes of determining the taxable       
portion of any loans or distributions. Such treatment may result in adverse tax 
consequences including more rapid taxation of the loans or distributed amounts  
from such combination of policies. You should consult a tax adviser prior to    
purchasing more than one MEC in any calendar year period.                       

CONTINUATION OF POLICY BEYOND AGE 100. The tax consequences of continuing the   
Policy beyond the Insured's 100th birthday (or the younger Insured's 100th      
birthday with respect to the Joint and Last Survivor Policy) are unclear. You   
should consult a tax adviser if you intend to keep the Policy in force beyond   
the Insured's 100th birthday (or the younger Insured's 100th birthday with      
respect to the Joint and Last Survivor Policy).                                 

TAX TREATMENT OF POLICY SPLIT. The Split Policy Option Rider and the Divorce    
Split Rider permit a Policy to be split into two individual Policies. In        
general exercising either the Policy Split Rider or the Divorce Split Rider     
will be treated as a taxable transaction. It is not clear whether the           
individual Policies that result will be classified as Modified Endowment        
Contracts. A tax adviser should be consulted before exercising either rider.    

ACCELERATION OF DEATH BENEFIT RIDER. Payments received under the Acceleration   
of Death Benefit Rider should be excludable from the gross income of the        
beneficiary except in certain business contexts. However, you should consult a  
qualified tax adviser about the consequences of adding this rider to a Policy   
or requesting payment under this rider.                                         

TAX TREATMENT OF ASSIGNMENTS. An assignment of a Policy or the change of        
ownership of a Policy may be a taxable event. You should therefore consult a    
competent tax adviser should you wish to assign or change the owner of your     
Policy.                                                                         

QUALIFIED PLANS. The Policies may be used in conjunction with certain Qualified 
Plans. Because the rules governing such use are complex and the amount of life  
insurance provided in connection with such plans may be limited, you should not 
do so until you have consulted a competent Qualified Plans consultant.          

INCOME TAX WITHHOLDING. All distributions or the portion thereof which is       
includible in gross income of the Policy owner are subject to Federal income    
tax withholding. However, in most cases you may elect not to have taxes         
withheld. You may be required to pay penalties under the estimated tax rules,   
if withholding and estimated tax payments are insufficient.                     

LIFE INSURANCE PURCHASES BY NONRESIDENT ALIENS AND FOREIGN CORPORATIONS. Policy 
Owners that are not U.S. citizens or residents will generally be subject to     
U.S. Federal withholding tax on taxable distributions from life insurance       
policies at a 30% rate, unless a lower treaty rate applies. In addition, Policy 
Owners may be subject to state and/or municipal taxes and taxes that may be     
imposed by the Policy Owner's country of citizenship or residence. Prospective  
purchasers are advised to consult with a qualified tax adviser regarding        
taxation with respect to a purchase of the Policy.                              

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BUSINESS USES OF POLICY. Businesses can use the Policies in various             
arrangements, including nonqualified deferred compensation or salary            
continuance plans, split dollar insurance plans, executive bonus plans, tax     
exempt and nonexempt welfare benefit plans, retiree medical benefit plans and   
others. The tax consequences of such plans may vary depending on the particular 
facts and circumstances. If you are purchasing the Policy for any arrangement   
the value of which depends in part on its tax consequences, you should consult  
a qualified tax adviser. In the case of a business-owned Policy, the provisions 
of Section 101(j) of the Code may limit the amount of the death benefit         
excludable from gross income unless a specified exception applies and a notice  
and consent requirement is satisfied, as discussed above. In recent years,      
moreover, Congress has adopted new rules relating to life insurance owned by    
businesses. Any business contemplating the purchase of a new Policy or a change 
in an existing Policy should consult a tax adviser.                             

NON-INDIVIDUAL OWNERS AND BUSINESS BENEFICIARIES OF POLICIES. Ownership of the  
Policy by a corporation, trust or other non-natural person could jeopardize     
some (or all) of such entity's interest deduction under Internal Revenue Code   
Section 264, even where such entity's indebtedness is in no way connected to    
the Policy. In addition, under Section 264(f)(5), if a business (other than a   
sole proprietorship) is directly or indirectly a beneficiary of the Policy, the 
Policy could be treated as held by the business for purposes of the             
Section 264(f) entity-holder rules. Therefore, it would be advisable to consult 
with a qualified tax adviser before any non-natural person is made an Owner or  
holder of the Policy, or before a business (other than a sole proprietorship)   
is made a beneficiary of the Policy.                                            

SPLIT-DOLLAR ARRANGEMENTS. The IRS and the Treasury Department have recently    
issued guidance that substantially affects split-dollar arrangements. You       
should consult a qualified tax adviser before entering into or paying           
additional premiums with respect to such arrangements.                          

In addition, the Sarbanes-Oxley Act of 2002 (the "Act"), which was signed into  
law on July 30, 2002, prohibits, with limited exceptions, publicly-traded       
companies, including non-U.S. companies that have securities listed on U.S.     
exchanges, from extending directly or indirectly or through a subsidiary, many  
types of personal loans to their directors or executive officers. It is         
possible that this prohibition may be interpreted to apply to split-dollar life 
insurance arrangements for directors and executive officers of such companies,  
since such arrangements can arguably be viewed as involving a loan from the     
employer for at least some purposes.                                            

Any affected business contemplating the payments of a premium on an existing    
Policy or the purchase of a new Policy in connection with a split-dollar life   
insurance arrangement should consult legal counsel.                             

Split dollar plans that provide deferred compensation may be subject to         
recently enacted rules governing deferred compensation arrangements. Failure to 
adhere to these rules will result in adverse tax consequences. A tax adviser    
should be consulted with respect to such plans.                                 

ESTATE, GIFT AND GENERATION-SKIPPING TRANSFER TAXES. The transfer of the Policy 
or the designation of a beneficiary may have Federal, state, and/or local       
transfer and inheritance tax consequences, including the imposition of gift,    
estate, and generation-skipping transfer taxes. When the insured dies, the      
death proceeds will generally be includable in the Policy Owner's estate for    
purposes of the Federal estate tax if the Policy Owner was the insured,         
retained incidents of ownership at death, or made a gift transfer of the Policy 
within 3 years of death. If the Policy Owner was not the insured, the fair      
market value of the Policy would be included in the Policy Owner's estate upon  
the Policy Owner's death. The Policy would not be includable in the insured's   
estate if the insured neither retained incidents of ownership at death nor had  
given up ownership within three years before death.                             

Moreover, under certain circumstances, the Internal Revenue Code may impose a   
"generation-skipping transfer tax" when all or part of a life insurance policy  
is transferred to, or a death benefit is paid to, an individual two or more     
generations younger than the Policy Owner. Regulations issued under the         
Internal Revenue Code may require us to deduct the tax from your Policy, or     
from any applicable payment, and pay it directly to the IRS.                    

Qualified tax advisers should be consulted concerning the estate and gift tax   
consequences of Policy ownership and distributions under Federal, state and     
local law. The individual situation of each Policy Owner or beneficiary will    
determine the extent, if any, to which Federal, state, and local transfer and   
inheritance taxes may be imposed and how ownership or receipt of Policy         
proceeds will be treated for purposes of Federal, state and local estate,       
inheritance, generation-skipping and other taxes.                               

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In general, current rules provide for a $5 million estate, gift and             
generation-skipping transfer tax exemption (as adjusted for inflation) and a    
top tax rate of 40 percent.                                                     

The complexity of the tax law, along with uncertainty as to how it might be     
modified in coming years, underscores the importance of seeking guidance from a 
qualified adviser to help ensure that your estate plan adequately addresses     
your needs and those of your beneficiaries under all possible scenarios.        

TAX CREDITS AND DEDUCTIONS. The Company may be entitled to certain tax benefits 
related to the assets of the Separate Account. These tax benefits, which may    
include foreign tax credits and corporate dividends received deductions, are    
not passed back to the Separate Account or to Policy Owners since the Company   
is the owner of the assets from which the tax benefits are derived.             

CORPORATE ALTERNATIVE MINIMUM TAX. There may also be an indirect tax on the     
income in the Policy or the proceeds of the Policy under the Federal corporate  
alternative minimum tax if the Owner is subject to that tax.                    

POSSIBLE TAX LAW CHANGES. Although the likelihood of legislative changes is     
uncertain, there is always the possibility that the tax treatment of the Policy 
could change by legislation or otherwise. Consult a tax adviser with respect to 
legislative developments and their effect on the Policy.                        

THE COMPANY'S INCOME TAXES. Under current Federal income tax law we are not     
taxed on the Separate Account's operations. Thus, currently we do not deduct a  
charge from the Separate Account for company Federal income taxes. (We do       
deduct a charge for Federal taxes from premiums.) We reserve the right to       
charge the Separate Account for any future Federal income taxes we may incur.   
Under current laws we may incur state and local taxes (in addition to premium   
taxes). These taxes are not now significant and we are not currently charging   
for them. If they increase, we may deduct charges for such taxes.               

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APPENDIX A                                                                      
PARTICIPATING INVESTMENT FUNDS                                                  
INVESTMENT OBJECTIVES                                                           

Below is a listing of the investment advisers and subadvisers, if any, and the  
investment objectives of each Investment Fund available under the policy. The   
fund prospectuses contain more complete information, including a description of 
the investment objectives, policies, restrictions and risks. THERE CAN BE NO    
ASSURANCE THAT THE INVESTMENT OBJECTIVES WILL BE ACHIEVED.                      
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)                 
(SERIES 1 SHARES):                                                              

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) is a mutual     
fund with multiple portfolios. Invesco Advisers, Inc. is the investment adviser 
to each portfolio. The following Series I portfolio is available under the      
policy:                                                                         

INVESCO V.I. INTERNATIONAL GROWTH FUND                                          

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1):                 

Franklin Templeton Variable Insurance Products Trust is a mutual fund with      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

TEMPLETON FOREIGN VIP FUND                                                      

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

MET INVESTORS SERIES TRUST (CLASS A):                                           

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. MetLife Advisers, LLC has engaged subadvisers   
to provide investment advice for the individual portfolios. Met Investors       
Series Trust is a mutual fund with multiple portfolios. The following Class A   
portfolios are available under the policy:                                      

CLARION GLOBAL REAL ESTATE PORTFOLIO                                            

SUBADVISER: CBRE Clarion Securities LLC                                         

INVESTMENT OBJECTIVE: Seeks total return through investment in real estate      
securities, emphasizing both capital appreciation and current income.           

CLEARBRIDGE AGGRESSIVE GROWTH PORTFOLIO                                         

SUBADVISER: ClearBridge Investments, LLC                                        

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

INVESCO MID CAP VALUE PORTFOLIO                                                 

SUBADVISER: Invesco Advisers, Inc.                                              

INVESTMENT OBJECTIVE: Seeks high total return by investing in equity securities 
of mid-sized companies.                                                         

INVESCO SMALL CAP GROWTH PORTFOLIO                                              

SUBADVISER: Invesco Advisers, Inc.                                              

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

LORD ABBETT BOND DEBENTURE PORTFOLIO                                            

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks high current income and the opportunity for capital 
appreciation to produce a high total return.                                    

MFS(R) EMERGING MARKETS EQUITY PORTFOLIO                                        

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

MFS(R) RESEARCH INTERNATIONAL PORTFOLIO                                         

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

MORGAN STANLEY MID CAP GROWTH PORTFOLIO                                         

SUBADVISER: Morgan Stanley Investment Management Inc.                           

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

PIMCO TOTAL RETURN PORTFOLIO                                                    

SUBADVISER: Pacific Investment Management Company LLC                           

INVESTMENT OBJECTIVE: Seeks maximum total return, consistent with the           
preservation of capital and prudent investment management.                      

T. ROWE PRICE LARGE CAP VALUE PORTFOLIO                                         

SUBADVISER: T. Rowe Price Associates, Inc.                                      

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INVESTMENT OBJECTIVE: Seeks long-term capital appreciation by investing in      
common stocks believed to be undervalued. Income is a secondary objective.      

METROPOLITAN SERIES FUND (CLASS A):                                             

Metropolitan Series Fund is a mutual fund with multiple portfolios. MetLife     
Advisers, LLC is the investment adviser to the portfolios. MetLife Advisers,    
LLC has engaged subadvisers to provide investment advice for the individual     
portfolios. The following Class A portfolios are available under the policy:    

BLACKROCK BOND INCOME PORTFOLIO                                                 

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a competitive total return primarily from investing 
in fixed-income securities.                                                     

BLACKROCK MONEY MARKET PORTFOLIO                                                

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a high level of current income consistent with      
preservation of capital.                                                        

JENNISON GROWTH PORTFOLIO                                                       

SUBADVISER: Jennison Associates LLC                                             

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

NEUBERGER BERMAN GENESIS PORTFOLIO                                              

SUBADVISER: Neuberger Berman Management LLC                                     

INVESTMENT OBJECTIVE: Seeks high total return, consisting principally of        
capital appreciation.                                                           

T. ROWE PRICE LARGE CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long term growth of capital.                        

T. ROWE PRICE SMALL CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

WESTERN ASSET MANAGEMENT STRATEGIC BOND OPPORTUNITIES PORTFOLIO                 

SUBADVISER: Western Asset Management Company                                    

INVESTMENT OBJECTIVE: Seeks to maximize total return consistent with            
preservation of capital.                                                        

PUTNAM VARIABLE TRUST (CLASS IA):                                               

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following portfolio is available under the policy:                              

PUTNAM VT MULTI-CAP GROWTH FUND                                                 

INVESTMENT OBJECTIVE: Seeks long-term capital appreciation.                     

DISCONTINUED INVESTMENT PORTFOLIOS. The following investment option is no       
longer available for allocations of premiums or transfers of cash value         
(excluding rebalancing and dollar cost averaging programs in existence at the   
time of closing): Metropolitan Series Fund: BlackRock Capital Appreciation      
Portfolio (Class A) (formerly BlackRock Legacy Large Cap Growth Portfolio       
(Class A)) (added and closed effective May 1, 2009).                            

Effective as of April 28, 2003, General American Money Market Fund was merged   
into the State Street Research Money Market Portfolio of Metropolitan Series    
Fund, Inc. and the following investment portfolios of the Met Investors Series  
Trust were merged: J.P. Morgan Enhanced Index Portfolio merged into the Lord    
Abbett Growth and Income Portfolio; J.P. Morgan International Equity Portfolio  
merged into the MFS(R) Research International Portfolio; and Lord Abbett        
Developing Growth Portfolio merged into the Lord Abbett Growth Opportunities    
Portfolio.                                                                      

Effective as of May 1, 2004, the following investment portfolios were replaced: 
(a) AIM Variable Insurance Funds: AIM V.I. Premier Equity Fund (Series I) was   
replaced with the Lord Abbett Growth and Income Portfolio (Class A) of Met      
Investors Series Trust ("MIST"); (b) AllianceBernstein Variable Products Series 
Fund, Inc.: AllianceBernstein Premier Growth Portfolio (Class A) was replaced   
with the Janus Aggressive Growth Portfolio (Class A) of MIST; (c) Franklin      
Templeton Variable Insurance Products Trust (Class 1): Franklin Small Cap Fund  
was replaced with the T. Rowe Price Small Cap Growth Portfolio (Class A) of     
Metropolitan Series Fund, Inc. ("MSF"); and Mutual Shares Securities Fund was   
replaced with the Lord Abbett Growth and Income Portfolio (Class A) of MIST;    
(d) Goldman Sachs Variable Insurance Trust ("GSVIT"): GSVIT Growth and Income   
Fund (closed effective March 1, 2002) was replaced with the Lord Abbett Growth  
and Income Fund (Class A) of MIST; and GSVIT International Equity Fund (closed  
effective March 1, 2002) was replaced with the MFS(R) Research International    
Portfolio (Class A) of MIST;                                                    

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(e) Liberty Variable Investments: the Newport Tiger Fund, Variable Series       
(Class A) (closed effective May 1, 2002) was replaced with the MFS(R) Research  
International Portfolio (Class A) of MIST; (f) MFS(R) Variable Insurance Trust  
(Initial Class): MFS(R) Research Series (closed effective May 1, 2003) was      
replaced with the Oppenheimer Capital Appreciation Portfolio (Class A) of MIST; 
MFS(R) Emerging Growth Series was replaced with the T. Rowe Price Large Cap     
Growth Portfolio (Class A) of MSF; and the MFS(R) Strategic Income Series was   
replaced with the Salomon Brothers Strategic Bond Opportunities Portfolio       
(Class A) of MSF; (g) Oppenheimer Variable Account Funds (Initial Class):       
Oppenheimer Strategic Bond Fund/VA was replaced with the PIMCO Total Return     
Portfolio (Class A) of MIST; Oppenheimer Main Street Fund/VA was replaced with  
the Lord Abbett Growth and Income Portfolio (Class A) of MIST; Oppenheimer High 
Income Fund/VA was replaced with the Lord Abbett Bond Debenture Portfolio       
(Class A) of MIST; Oppenheimer Bond Fund/VA was replaced with the State Street  
Research Bond Income Portfolio (Class A) of MSF; and (h) Putnam Variable Trust  
(Class IA): Putnam VT New Value Fund (closed effective May 1, 2003) was         
replaced with the Lord Abbett Growth and Income Fund (Class A) of MIST; and the 
Putnam VT International New Opportunities Fund (closed effective May 1, 2003)   
was replaced with the MFS(R) Research International Portfolio (Class A) of MIST.

Effective as of November 22, 2004, the J.P. Morgan Quality Bond Portfolio       
(Class A) of the Met Investors Series Trust was merged into the PIMCO Total     
Return Portfolio (Class A) of the Met Investors Series Trust and the J.P.       
Morgan Select Equity Portfolio (Class A) of the Met Investors Series Trust was  
closed.                                                                         

Effective as of May 1, 2005, the following investment portfolios were replaced: 
(a) AllianceBernstein Variable Products Series Fund, Inc.: the                  
AllianceBernstein Real Estate Investment Portfolio (Class A) was replaced with  
the Neuberger Berman Real Estate Portfolio (Class A) of the Met Investors       
Series Trust; (b) MFS(R) Variable Insurance Trust: the MFS(R) High Income       
Series (Initial Class) was replaced with the Lord Abbett Bond Debenture         
Portfolio (Class A) of the Met Investors Series Trust, the MFS(R) Investors     
Trust Series (Initial Class) was replaced with the Oppenheimer Capital          
Appreciation Portfolio (Class A) of the Met Investors Series Trust and the MFS  
New Discovery Series (Initial Class) was replaced with the Met/AIM Small Cap    
Growth Portfolio of the Met Investors Series Trust; (c) Putnam Variable Trust:  
the Putnam VT International Equity Fund (Class IA) was replaced with the MFS    
Research International Portfolio (Class A) of the Met Investors Series Trust;   
(d) Oppenheimer Variable Account Funds: the Oppenheimer Capital Appreciation    
Fund/VA (Class A) (closed May 1, 2004) was replaced with the Oppenheimer        
Capital Appreciation Portfolio (Class A) of the Met Investors Series Trust.     

Effective as of April 30, 2007, the following investment portfolios were        
replaced: (a) AIM Variable Insurance Funds: AIM V.I. Capital Appreciation Fund  
(Series I) was replaced with the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series Trust; and (b) DWS Variable Series II: DWS Small 
Cap Growth VIP (Class A) was replaced with the T. Rowe Price Small Cap Growth   
Portfolio (Class A) of the Metropolitan Series Fund, Inc.                       

Effective as of April 30, 2007, the Met/Putnam Capital Opportunities Portfolio  
(Class A) of the Met Investors Series Trust was merged into the Lazard Mid-Cap  
Portfolio (Class A) of the Met Investors Series Trust.                          

Effective as of April 28, 2008, the Templeton Developing Markets Securities     
Fund (Class 1) of the Franklin Templeton Variable Insurance Products Trust was  
replaced with the MFS(R) Emerging Markets Equity Portfolio (Class A) of the Met 
Investors Series Trust.                                                         

Effective as of May 4, 2009, the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series Trust merged into the BlackRock Legacy Large Cap 
Growth Portfolio (Class A) of the Metropolitan Series Fund, Inc.                

Effective as of May 3, 2010, the Putnam VT Growth and Income Fund (Class IA) of 
the Putnam Variable Trust was replaced with the Lord Abbett Growth and Income   
Portfolio (Class A) of the Met Investors Series Trust.                          

Effective as of September 27, 2010, the Putnam VT Vista Fund (Class IA) of the  
Putnam Variable Trust merged into the Putnam VT Multi-Cap Growth Fund (Class    
IA) of the Putnam Variable Trust.                                               

Effective as of April 30, 2012, the Oppenheimer Capital Appreciation Portfolio  
of the Met Investors Series Trust merged into the Jennison Growth Portfolio of  
the Metropolitan Series Fund.                                                   

Effective as of April 29, 2013, the MLA Mid Cap Portfolio (Class A) (which was  
formerly the Lazard Mid Cap Portfolio (Class A)) of the Met Investors Series    
Trust was merged into the Neuberger Berman Genesis Portfolio (Class A) of the   
Metropolitan Series Fund.                                                       

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METLIFE INVESTORS INSURANCE COMPANY 

METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE 

SUPPLEMENT DATED APRIL 29, 2013 
TO  
PROSPECTUSES DATED MAY 1, 2001 AND NOVEMBER 9, 2009 
(CUSTOM-SELECT FLEX VUL)  

This will supplement the prospectuses dated May 1, 2001 (as supplemented) and   
November 9, 2009 (as supplemented) for variable life insurance policies issued  
by Metlife Investors Variable Life Account One. The following information is    
provided with respect to the investment options available under the Flexible    
Premium Variable Life Insurance Policy (the "Policy") issued by MetLife         
Investors Insurance Company.                                                    

The corresponding sections of the prospectus are supplemented or modified as    
follows:                                                                        

EXPENSES                                                                        

.. DEDUCTIONS FROM THE INVESTMENT FUNDS                                         

MORTALITY AND EXPENSE RISK CHARGE                                               

We are waiving an amount of the Mortality and Expense Risk Charge equal to the  
Investment Fund expenses that are in excess of 0.58% for cash value allocated   
to the T. Rowe Price Large Cap Value Portfolio.                                 

ANNUAL OPERATING EXPENSES                                                       
(as a percentage of average daily net assets)                                   

The following table describes the annual operating expenses for each Investment 
Fund for the year ended December 31, 2012, before and after any applicable      
contractual fee waivers and expense reimbursements:                             

                                                        [Enlarge/Download Table]

------------------------------------------------------------------------------------------------------------------------
                                                     DISTRIBUTION            ACQUIRED    TOTAL    FEE WAIVER   NET TOTAL
                                                        AND/OR               FUND FEES  ANNUAL      AND/OR      ANNUAL  
                                         MANAGEMENT SERVICE (12B-1)  OTHER      AND    OPERATING    EXPENSE    OPERATING
            INVESTMENT FUND                 FEE          FEES       EXPENSES EXPENSES  EXPENSES  REIMBURSEMENT EXPENSES 
------------------------------------------------------------------------------------------------------------------------
                                                                                                                        
AIM VARIABLE INSURANCE FUNDS                                                                                            
 (INVESCO VARIABLE INSURANCE                                                                                            
 FUNDS) -- SERIES I                                                                                                     
Invesco V.I. International Growth Fund      0.71%         --          0.30%      --      1.01%         --        1.01%  
FRANKLIN TEMPLETON VARIABLE                                                                                             
 INSURANCE PRODUCTS TRUST --                                                                                            
 CLASS 1                                                                                                                
Templeton Foreign Securities Fund           0.64%         --          0.15%      --      0.79%         --        0.79%  
MET INVESTORS SERIES TRUST --                                                                                           
 CLASS A                                                                                                                
Clarion Global Real Estate Portfolio        0.60%         --          0.06%      --      0.66%         --        0.66%  
ClearBridge Aggressive Growth Portfolio     0.61%         --          0.03%      --      0.64%         --        0.64%  
Invesco Small Cap Growth Portfolio          0.85%         --          0.02%      --      0.87%       0.01%       0.86%  
Lord Abbett Bond Debenture Portfolio        0.51%         --          0.03%      --      0.54%         --        0.54%  
Lord Abbett Mid Cap Value Portfolio         0.65%         --          0.04%    0.06%     0.75%       0.00%       0.75%  
MFS(R) Emerging Markets Equity                                                                                          
 Portfolio                                  0.91%         --          0.16%      --      1.07%       0.02%       1.05%  
MFS(R) Research International Portfolio     0.68%         --          0.07%      --      0.75%       0.05%       0.70%  
Morgan Stanley Mid Cap Growth                                                                                           
 Portfolio                                  0.65%         --          0.07%      --      0.72%       0.01%       0.71%  
PIMCO Total Return Portfolio                0.48%         --          0.03%      --      0.51%         --        0.51%  
T. Rowe Price Large Cap Value Portfolio     0.57%         --          0.02%      --      0.59%         --        0.59%  
------------------------------------------------------------------------------------------------------------------------

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                                                        [Enlarge/Download Table]

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                                                DISTRIBUTION            ACQUIRED    TOTAL    FEE WAIVER   NET TOTAL
                                                   AND/OR               FUND FEES  ANNUAL      AND/OR      ANNUAL  
                                    MANAGEMENT SERVICE (12B-1)  OTHER      AND    OPERATING    EXPENSE    OPERATING
         INVESTMENT FUND               FEE          FEES       EXPENSES EXPENSES  EXPENSES  REIMBURSEMENT EXPENSES 
-------------------------------------------------------------------------------------------------------------------
                                                                                                                   
METROPOLITAN SERIES FUND --                                                                                        
 CLASS A                                                                                                           
BlackRock Bond Income Portfolio        0.32%         --          0.04%     --       0.36%       0.00%       0.36%  
BlackRock Money Market Portfolio       0.33%         --          0.02%     --       0.35%       0.01%       0.34%  
Jennison Growth Portfolio              0.61%         --          0.03%     --       0.64%       0.07%       0.57%  
Neuberger Berman Genesis Portfolio     0.82%         --          0.04%     --       0.86%       0.01%       0.85%  
T. Rowe Price Large Cap Growth                                                                                     
 Portfolio                             0.60%         --          0.04%     --       0.64%       0.01%       0.63%  
T. Rowe Price Small Cap Growth                                                                                     
 Portfolio                             0.49%         --          0.06%     --       0.55%         --        0.55%  
Western Asset Management Strategic                                                                                 
 Bond Opportunities Portfolio          0.60%         --          0.05%     --       0.65%       0.04%       0.61%  
PUTNAM VARIABLE TRUST -- CLASS IA                                                                                  
Putnam VT Multi-Cap Growth Fund        0.57%         --          0.15%     --       0.72%         --        0.72%  
-------------------------------------------------------------------------------------------------------------------

The information shown in the table above was provided by the Investment Funds   
and we have not independently verified that information. Net Total Annual       
Operating Expenses shown in the table reflect any current fee waiver or expense 
reimbursement arrangement that will remain in effect for a period of at least   
one year from the date of the Investment Fund's 2013 prospectus. "0.00%" in the 
Fee Waiver and/or Expense Reimbursement column indicates that there is such an  
arrangement in effect for the Investment Fund, but that the expenses of the     
Investment Fund are below the level that would trigger the waiver or            
reimbursement. Fee waiver and expense reimbursement arrangements with a         
duration of less than one year, or arrangements that may be terminated without  
the consent of the Investment Fund's board of directors or trustees, are not    
shown.                                                                          

INVESTMENT FUNDS                                                                

The Policy offers the Investment Funds which are listed below. Appendix A       
contains a summary of investment objectives and subadvisers, if any, for each   
Investment Fund. Additional Investment Funds may be available in the future.    

YOU SHOULD READ THE PROSPECTUSES FOR THESE FUNDS CAREFULLY. YOU CAN OBTAIN      
COPIES OF THE FUND PROSPECTUSES BY CALLING US AT 1-800-638-9294. YOU CAN ALSO   
OBTAIN INFORMATION ABOUT THE FUNDS (INCLUDING A COPY OF THE STATEMENT OF        
ADDITIONAL INFORMATION) BY ACCESSING THE SECURITIES AND EXCHANGE COMMISSION'S   
WEBSITE AT HTTP://WWW.SEC.GOV.                                                  

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) (SERIES I       
SHARES)                                                                         

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) is a mutual     
fund with multiple portfolios. Invesco Advisers, Inc. is the investment adviser 
to each portfolio. The following Series I portfolio is available under the      
policy:                                                                         

Invesco V.I. International Growth Fund                                        

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1)                  

Franklin Templeton Variable Insurance Products Trust currently consists of      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

Templeton Foreign Securities Fund                                             

MET INVESTORS SERIES TRUST (CLASS A)                                            

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. Met Investors Series Trust is a mutual fund     
with multiple portfolios. MetLife Advisers, LLC has engaged subadvisers to      
provide investment advice for the individual investment portfolios. The         
following Class A portfolios are available under the policy:                    

Clarion Global Real Estate Portfolio                                          
ClearBridge Aggressive Growth Portfolio                                       
Invesco Small Cap Growth Portfolio                                            
Lord Abbett Bond Debenture Portfolio                                          
Lord Abbett Mid Cap Value Portfolio                                           
MFS(R) Emerging Markets Equity Portfolio                                      
MFS(R) Research International Portfolio                                       
Morgan Stanley Mid Cap Growth Portfolio                                       

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PIMCO Total Return Portfolio                                                  
T. Rowe Price Large Cap Value Portfolio                                       

METROPOLITAN SERIES FUND (CLASS A)                                              

Metropolitan Series Fund is a mutual fund with multiple portfolios. MetLife     
Advisers, LLC is the investment adviser to the portfolios. MetLife Advisers,    
LLC has engaged subadvisers to provide investment advice for the individual     
investment portfolios. The following Class A portfolios are available under the 
policy:                                                                         

BlackRock Bond Income Portfolio                                               
BlackRock Money Market Portfolio                                              
Jennison Growth Portfolio                                                     
Neuberger Berman Genesis Portfolio                                            
T. Rowe Price Large Cap Growth Portfolio                                      
T. Rowe Price Small Cap Growth Portfolio                                      
Western Asset Management Strategic Bond Opportunities Portfolio               

PUTNAM VARIABLE TRUST (CLASS IA)                                                

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following Class IA portfolio is available under the policy:                     

Putnam VT Multi-Cap Growth Fund                                               

TRANSFERS                                                                       

The following replaces the Transfers section:                                   

At your request, we will transfer amounts in your Policy from any Investment    
Fund to another Investment Fund, or to and from the General Account (subject to 
restrictions). The minimum amount that can be transferred is the lesser of the  
minimum transfer amount (currently $500), or the total value in an Investment   
Fund or the General Account. You can make twelve transfers or partial           
withdrawals in a Policy year without charge. Restrictions apply; refer to the   
"Restrictions on Transfers" section below. We currently charge a transfer fee   
of $25 for additional transfers in a Policy year.                               

You cannot make a transfer out of our General Account in the first Policy year. 
The maximum amount you can transfer from the General Account in any Policy year 
after the first is the greater of: (a) 25% of a Policy's Cash Surrender Value   
in the General Account at the beginning of the Policy year; or (b) the previous 
Policy year's General Account maximum withdrawal amount not to exceed the total 
Cash Surrender Value of the Policy.                                             

Transfers resulting from Policy loans will not be counted for purposes of the   
limitations on the amount or frequency of transfers allowed in each Policy year.

MARKET TIMING                                                                   

The following replaces the Market Timing section:                               

RESTRICTIONS ON TRANSFERS                                                       

RESTRICTIONS ON FREQUENT TRANSFERS. Frequent requests from Policy Owners to     
transfer cash value may dilute the value of an Investment Fund's shares if the  
frequent trading involves an attempt to take advantage of pricing               
inefficiencies created by a lag between a change in the value of the securities 
held by the Investment Fund and the reflection of that change in the Investment 
Fund's share price ("arbitrage trading"). Frequent transfers involving          
arbitrage trading may adversely affect the long-term performance of the         
Investment Funds, which may in turn adversely affect Policy Owners and other    
persons who may have an interest in the Policies (e.g., beneficiaries).         

We have policies and procedures that attempt to detect and deter frequent       
transfers in situations where we determine there is a potential for arbitrage   
trading. Currently, we believe that such situations may be presented in the     
international, small-cap, and high-yield Investment Funds (i.e., the Invesco    
V.I. International Growth Fund, Templeton Foreign Securities Fund, Clarion      
Global Real Estate Portfolio, Invesco Small Cap Growth Portfolio, Lord Abbett   
Bond Debenture Portfolio, MFS(R) Emerging Markets Equity Portfolio, MFS(R)      
Research International Portfolio, Neuberger Berman Genesis Portfolio, T. Rowe   
Price Small Cap Growth Portfolio, Western Asset Management Strategic Bond       
Opportunities Portfolio) and we monitor transfer activity in those Investment   
Funds (the "Monitored Portfolios"). We employ various means to monitor transfer 
activity, such as examining the frequency and size of transfers into and out of 
the Monitored Portfolios within given periods of time. For example, we          
currently monitor transfer activity to determine if, for each category of       
international, small-cap, and high-yield Investment Funds, in a 12-month period 
there were, (1) six or more transfers involving the given category;             
(2) cumulative gross transfers involving the given category that exceed the     
current cash value; and (3) two or more "round-trips" involving any Portfolio   
in the given category. A round-trip generally is defined as a transfer in       
followed by a transfer out within the next seven calendar days or a transfer    
out followed by a transfer in within the next seven calendar days, in either    
case subject to certain other criteria. WE DO NOT BELIEVE THAT OTHER INVESTMENT 
FUNDS PRESENT A SIGNIFICANT OPPORTUNITY TO ENGAGE IN ARBITRAGE TRADING AND      
THEREFORE DO                                                                    

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NOT MONITOR TRANSFER ACTIVITY IN THOSE INVESTMENT FUNDS. We may change the      
Monitored Portfolios at any time without notice in our sole discretion.         

Our policies and procedures may result in transfer restrictions being applied   
to deter frequent transfers. Currently, when we detect transfer activity in the 
Monitored Portfolios that exceeds our current transfer limits, we require       
future transfer requests to or from any Monitored Portfolios under that Policy  
to be submitted either (i) in writing with an original signature or (ii) by     
telephone prior to 10:00 a.m. A first occurrence will result in the imposition  
of this restriction for a six-month period; a second occurrence will result in  
the permanent imposition of the restriction. Transfers made under a dollar cost 
averaging or rebalancing program are not treated as transfers when we monitor   
the frequency of transfers.                                                     

The detection and deterrence of harmful transfer activity involves judgments    
that are inherently subjective, such as the decision to monitor only those      
Investment Funds that we believe are susceptible to arbitrage trading or the    
determination of the transfer limits. Our ability to detect and/or restrict     
such transfer activity may be limited by operational and technological systems, 
as well as our ability to predict strategies employed by Policy Owners to avoid 
such detection. Our ability to restrict such transfer activity also may be      
limited by provisions of the Policy. Accordingly, there is no assurance that we 
will prevent all transfer activity that may adversely affect Policy Owners and  
other persons with interests in the Policies. We do not accommodate frequent    
transfers in any Investment Fund and there are no arrangements in place to      
permit any Policy Owner to engage in frequent transfers; we apply our policies  
and procedures without exception, waiver, or special arrangement.               

The Investment Funds may have adopted their own policies and procedures with    
respect to frequent transfers in their respective shares, and we reserve the    
right to enforce these policies and procedures. For example, Investment Funds   
may assess a redemption fee (which we reserve the right to collect) on shares   
held for a relatively short period. The prospectuses for the Investment Funds   
describe any such policies and procedures, which may be more or less            
restrictive than the policies and procedures we have adopted. Although we may   
not have the contractual authority or the operational capacity to apply the     
frequent transfer policies and procedures of the Investment Funds, we have      
entered into a written agreement, as required by SEC regulation, with each      
Investment Fund or its principal underwriter that obligates us to provide to    
the Investment Fund promptly upon request certain information about the trading 
activity of individual Policy Owners, and to execute instructions from the      
Investment Fund to restrict or prohibit further purchases or transfers by       
specific Policy Owners who violate the frequent transfer policies established   
by the Investment Fund.                                                         

In addition, Policy Owners and other persons with interests in the Policies     
should be aware that the purchase and redemption orders received by the         
Investment Funds generally are "omnibus" orders from intermediaries, such as    
retirement plans or separate accounts funding variable insurance products. The  
omnibus orders reflect the aggregation and netting of multiple orders from      
individual owners of variable insurance products and/or individual retirement   
plan participants. The omnibus nature of these orders may limit the Investment  
Funds in their ability to apply their frequent transfer policies and            
procedures. In addition, the other insurance companies and/or retirement plans  
may have different policies and procedures or may not have any such policies    
and procedures because of contractual limitations. For these reasons, we cannot 
guarantee that the Investment Funds (and thus Policy Owners) will not be harmed 
by transfer activity relating to other insurance companies and/or retirement    
plans that may invest in the Investment Funds. If an Investment Fund believes   
that an omnibus order reflects one or more transfer requests from Policy Owners 
engaged in frequent trading, the Investment Fund may reject the entire omnibus  
order.                                                                          

In accordance with applicable law, we reserve the right to modify or terminate  
the transfer privilege at any time. We also reserve the right to defer or       
restrict the transfer privilege at any time that we are unable to purchase or   
redeem shares of any of the Investment Funds, including any refusal or          
restriction on purchases or redemptions of their shares as a result of their    
own policies and procedures on frequent transfers (even if an entire omnibus    
order is rejected due to the frequent transfers of a single Policy Owner). You  
should read the Investment Fund prospectuses for more details.                  

RESTRICTIONS ON LARGE TRANSFERS. Large transfers may increase brokerage and     
administrative costs of the underlying Investment Funds and may disrupt         
portfolio management strategy, requiring an Investment Fund to maintain a high  
cash position and possibly resulting in lost investment opportunities and       
forced liquidations. We do not monitor for large transfers to or from           
Investment Funds except where the portfolio manager of a particular             

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underlying Investment Fund has brought large transfer activity to our attention 
for investigation on a case-by-case basis. For example, some portfolio managers 
have asked us to monitor for "block transfers" where transfer requests have     
been submitted on behalf of multiple Policy Owners by a third party such as an  
investment adviser. When we detect such large trades, we may impose             
restrictions similar to those described above where future transfer requests    
from that third party must be submitted either (i) in writing with an original  
signature or (ii) by telephone prior to 10:00 a.m. A first occurrence will      
result in the imposition of this restriction for a six-month period; a second   
occurrence will result in the permanent imposition of the restriction.          

OTHER INFORMATION                                                               

DISTRIBUTOR                                                                     

The Financial Industry Regulatory Authority ("FINRA") provides background       
information about broker-dealers and their registered representatives through   
FINRA BrokerCheck. You may contact the FINRA BrokerCheck Hotline at             
1-800-289-9999, or log on to www.finra.org. An investor brochure that includes  
information describing FINRA BrokerCheck is available through the Hotline or    
on-line.                                                                        

OWNERSHIP                                                                       

The following is added to the Beneficiary section:                              

Every state has unclaimed property laws which generally declare life insurance  
policies to be abandoned after a period of inactivity of three to five years    
from the date any death benefit is due and payable. For example, if the payment 
of a death benefit has been triggered, and after a thorough search, we are      
still unable to locate the beneficiary of the death benefit, the death benefit  
will be paid to the abandoned property division or unclaimed property office of 
the state in which the beneficiary or the policy owner last resided, as shown   
on our books and records. ("Escheatment" is the formal, legal name for this     
process.) However, the state is obligated to pay the death benefit (without     
interest) if your beneficiary steps forward to claim it with the proper         
documentation. To prevent your Policy's death benefit from being paid to the    
state's abandoned or unclaimed property office, it is important that you update 
your beneficiary designation--including complete names and complete address--if 
and as they change. You should contact our Service Office at 1-800-638-5000 in  
order to make a change to your beneficiary designation.                         

FEDERAL TAX STATUS                                                              

NOTE: The following description is based upon our understanding of current      
Federal income tax law applicable to life insurance in general. We cannot       
predict the probability that any changes in such laws will be made. Purchasers  
are cautioned to seek competent tax advice regarding the possibility of such    
changes. Section 7702 of the Internal Revenue Code of 1986, as amended          
("Code"), defines the term "life insurance contract" for purposes of the Code.  
We believe that Single Life Policies issued on a standard underwriting basis    
should qualify as "life insurance contracts" under Section 7702. There is more  
uncertainty as to Single Life Policies issued on a substandard risk basis and   
Joint and Survivor Policies. We do not guarantee the tax status of the          
Policies. Purchasers bear the complete risk that the Policies may not be        
treated as a "life insurance contract" under Federal income tax laws.           
Purchasers should consult their own tax advisers. It should be further          
understood that the following discussion is not exhaustive and that special     
rules not described in this prospectus may be applicable in certain situations. 
In general, however, the insurance proceeds payable on the death of the Insured 
will never be less than the minimum amount required for the Policy to be        
treated as life insurance under section 7702 of the Internal Revenue Code, as   
in effect on the date the Policy was issued.                                    

INTRODUCTION. The discussion contained herein addressing Federal income tax     
considerations relating to the Policy is general in nature and is not intended  
as tax advice. It does not purport to be complete or to address every           
situation. Each person concerned should consult a competent tax adviser. No     
attempt is made to consider any applicable state, local or foreign or other tax 
laws. Moreover, the discussion herein is based upon our understanding of        
current federal income tax laws as they are currently interpreted. No           
representation is made regarding the likelihood of continuation of those        
current federal income tax laws or of the current interpretations by the        
Internal Revenue Service.                                                       

IRS CIRCULAR 230 NOTICE: The tax information contained herein is not intended   
to (and cannot) be used by anyone to avoid IRS penalties. It is intended to     
support the sale of the Policy. The Policy Owner should seek tax advice based   
on the Policy Owner's particular circumstances from an independent tax adviser. 

We are taxed as a life insurance company under the Code. For federal income tax 
purposes, the Separate Account is not a separate entity from us and its         
operations form a part of us.                                                   

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DIVERSIFICATION. Section 817(h) of the Code imposes certain diversification     
standards on the underlying assets of variable life insurance policies. The     
Code provides that a variable life insurance policy will not be treated as life 
insurance for any period (and any subsequent period) for which the investments  
are not adequately diversified under IRS rules. Disqualification of the Policy  
as a life insurance contract would result in imposition of federal income tax   
to the Owner with respect to earnings allocable to the Policy prior to the      
receipt of payments under the Policy. We intend that each Investment Fund       
underlying the Policies will be managed by the managers in such a manner as to  
comply with these diversification requirements. If Investment Fund shares are   
sold directly to tax-qualified retirement plans that later lose their           
tax-qualified status, or to non-qualified plans, there may be adverse           
consequences under the diversification rules.                                   

INVESTOR CONTROL. In some circumstances, owners of variable contracts who       
retain excessive control over the investment of the underlying separate account 
assets may be treated as the owners of those assets. Although published         
guidance in this area does not address certain aspects of the Policies, we      
believe that the Owner of a Policy should not be treated as the owner of the    
Separate Account assets. We reserve the right to modify the Policies to bring   
them into conformity with applicable standards should such modification be      
necessary to prevent Owners of the Policies from being treated as the owners of 
the underlying Separate Account assets.                                         

TAX TREATMENT OF THE POLICY. The Policy has been designed to comply with the    
definition of life insurance contained in Section 7702 of the Code. Although    
some interim guidance has been provided and some proposed and final regulations 
have been issued, a comprehensive set of final regulations has not been         
adopted. Section 7702 of the Code requires that the amount of mortality and     
other expense charges be reasonable. In establishing these charges, we have     
relied on interim IRS guidance. Currently, there is even less guidance as to    
Policies issued on a substandard risk basis and Joint and Last Survivor         
Policies. Moreover, if you elect the Accelerated Death Benefit Rider, the       
continued tax qualification of the Policy after a distribution is made under    
the rider is unclear.                                                           

We note that the law relating to Section 7702 compliance is complex and unclear 
in many respects. There is a risk, therefore, that the Internal Revenue Service 
will not concur with some of our interpretations of Section 7702 that were made 
in determining such compliance. In the event the Policy is determined not to    
comply, it would not qualify for the favorable tax treatment usually accorded   
life insurance policies. You should consult your own tax advisers with respect  
to the tax consequences of purchasing the Policy. The following discussion      
assumes that the Policy will satisfy Section 7702.                              

POLICY PROCEEDS. The tax treatment accorded to loan proceeds and/or surrender   
payments from the policies will depend on whether the Policy is considered to   
be a MEC. (See "Tax Treatment of Loans and Surrenders.") Otherwise, we believe  
that the Policy should receive the same Federal income tax treatment as any     
other type of life insurance. As such, the death benefit thereunder is          
generally excludable from the gross income of the Beneficiary to the extent     
provided in Section 101(a) of the Code. Also, you are not deemed to be in       
constructive receipt of the Cash Surrender Value, including increments thereon, 
under a Policy until there is a distribution of such amounts.                   

In the case of employer-owned life insurance as defined in Section 101(j), the  
amount of the death benefit excludable from gross income is limited to premiums 
paid unless the Policy falls within certain specified exceptions and a notice   
and consent requirement is satisfied before the Policy is issued. Certain       
specified exceptions are based on the status of an employee as highly           
compensated or recently employed. There are also exceptions for Policy proceeds 
paid to an employee's heirs. These exceptions only apply if proper notice is    
given to the insured employee and consent is received from the insured employee 
before the issuance of the Policy. These rules apply to Policies issued         
August 18, 2006 and later and also apply to policies issued before August 18,   
2006 after a material increase in the death benefit or other material change.   
An IRS reporting requirement applies to employer-owned life insurance subject   
to these rules. Because these rules are complex and will affect the tax         
treatment of death benefits, it is advisable to consult tax counsel. The death  
benefit will also be taxable in the case of a transfer-for-value unless certain 
exceptions apply.                                                               

Federal, state and local estate, inheritance and other tax consequences of      
ownership, or receipt of Policy proceeds, depend on the circumstances of each   
owner or Beneficiary.                                                           

TAX TREATMENT OF LOANS AND SURRENDERS. Section 7702A of the Code sets forth the 
rules for determining when a life insurance Policy will be deemed to be a MEC.  
A MEC is a contract which is entered into or materially changed on or after     
June 21, 1988 and fails to                                                      

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meet the 7-pay test. A Policy fails to meet the 7-pay test when the cumulative  
amount paid under the Policy at any time during the first 7 Policy years        
exceeds the sum of the net level premiums which would have been paid on or      
before such time if the Policy provided for paid-up future benefits after the   
payment of seven (7) level annual premiums. A material change would include any 
increase in the future benefits or addition of qualified additional benefits    
provided under a Policy unless the increase is attributable to: (1) the payment 
of premiums necessary to fund the lowest death benefit and qualified additional 
benefits payable in the first seven Policy years; or (2) the crediting of       
interest or other earnings with respect to such premiums.                       

Certain changes in a Policy after it is issued could also cause it to fail to   
satisfy the 7-pay test and therefore to be classified as a MEC. Making          
additional payments, reducing the Policy's death benefit, reducing the Policy's 
benefits through a partial withdrawal, a change in death benefit option, and    
termination of benefits under a rider are examples of changes that could result 
in your Policy becoming classified as a MEC. Reducing the death benefit below   
the lowest death benefit provided by the Policy during the first seven years    
will probably cause the Policy to be classified as a MEC if such a reduction    
occurs during the first seven Policy years in the case of a Single Life Policy  
or at any time in the case of a Joint and Last Survivor Policy. Even if these   
events do not result in a Policy becoming classified as a MEC, they could       
reduce the amount that may be paid in the future without causing the Policy to  
be classified as a MEC. You should consult a tax adviser to determine whether a 
Policy transaction will cause your Policy to be classified as a MEC.            

Furthermore, any Policy received in exchange for a Policy classified as a MEC   
will be treated as a MEC regardless of whether it meets the 7-pay test.         
However, an exchange under Section 1035 of the Code of a life insurance Policy  
entered into before June 21, 1988 for the Policy will not cause the Policy to   
be treated as a MEC if no additional premiums are paid.                         

Due to the flexible premium nature of the Policy, the determination of whether  
it qualifies for treatment as a MEC depends on the individual circumstances of  
each Policy.                                                                    

If the Policy is classified as a MEC, then any distribution (including the      
proceeds of any loan) is taxable to the extent of income in the Policy.         
Distributions are deemed to be on a last-in, first-out basis, which means the   
taxable income is distributed first. Distributions, including those resulting   
from surrender or lapse of the Policy, may also be subject to an additional 10% 
federal income tax penalty applied to the income portion of such distribution.  
The penalty shall not apply, however, to any distributions: (1) made on or      
after the date on which the taxpayer reaches age 59 1/2; (2) which is           
attributable to the taxpayer becoming disabled (within the meaning of           
Section 72(m)(7) of the Code); or (3) which is part of a series of              
substantially equal periodic payments made not less frequently than annually    
for the life (or life expectancy) of the taxpayer or the joint lives (or joint  
life expectancies) of such taxpayer and his beneficiary. The exception to the   
additional 10% federal income tax penalty does not apply to a taxpayer which is 
a non-natural person, such as a corporation.                                    

If a Policy becomes a MEC, distributions that occur during the Policy year will 
be taxed as distributions from a MEC. In addition, distributions from a Policy  
within two years before it becomes a MEC will be taxed in this manner. This     
means that a distribution made from a Policy that is not a MEC could later      
become taxable as a distribution from a MEC.                                    

If a Policy is not classified as a MEC, then any surrenders shall be treated    
first as a recovery of the investment in the Policy which would not be received 
as taxable income. However, if a distribution is the result of a reduction in   
benefits under the Policy within the first fifteen years after the Policy is    
issued in order to comply with Section 7702, such distribution will, under      
rules set forth in Section 7702, be taxed as ordinary income to the extent of   
income in the Policy.                                                           

Loans from a Policy which is not classified as a MEC, will generally be treated 
as Indebtedness of the Owner and not a distribution. However, there is          
uncertainty as to loans from such a Policy after the 10th Policy year and you   
should consult a tax adviser as to the treatment of such loans.                 

If your Policy is surrendered, cancelled, lapses, or is exchanged while any     
Policy loan is outstanding, the amount of the Policy loan plus accrued interest 
will be deemed to be distributed to you and could be partly or wholly taxable,  
depending on your particular circumstances. Cash distributed to you from the    
Policy in these circumstances may be insufficient to pay the tax attributable   
to any Policy loan.                                                             

Interest payable on a loan under a Policy is generally not deductible.          

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Policyowners should seek competent tax advice on the tax consequences of taking 
loans, distributions, exchanging or surrendering any Policy.                    

MULTIPLE POLICIES. The Code further provides that multiple MECs that are issued 
within a calendar year period to the same owner by one company or its           
affiliates are treated as one MEC for purposes of determining the taxable       
portion of any loans or distributions. Such treatment may result in adverse tax 
consequences including more rapid taxation of the loans or distributed amounts  
from such combination of policies. You should consult a tax adviser prior to    
purchasing more than one MEC in any calendar year period.                       

CONTINUATION OF POLICY BEYOND AGE 100. The tax consequences of continuing the   
Policy beyond the Insured's 100th birthday (or the younger Insured's 100th      
birthday with respect to the Joint and Last Survivor Policy) are unclear. You   
should consult a tax adviser if you intend to keep the Policy in force beyond   
the Insured's 100th birthday (or the younger Insured's 100th birthday with      
respect to the Joint and Last Survivor Policy).                                 

TAX TREATMENT OF POLICY SPLIT. The Split Policy Option Rider and the Divorce    
Split Rider permit a Policy to be split into two individual Policies. In        
general exercising either the Policy Split Rider or the Divorce Split Rider     
will be treated as a taxable transaction. It is not clear whether the           
individual Policies that result will be classified as Modified Endowment        
Contracts. A tax adviser should be consulted before exercising either rider.    

TAX TREATMENT OF ASSIGNMENTS. An assignment of a Policy or the change of        
ownership of a Policy may be a taxable event. You should therefore consult a    
competent tax adviser should you wish to assign or change the owner of your     
Policy.                                                                         

QUALIFIED PLANS. The Policies may be used in conjunction with certain Qualified 
Plans. Because the rules governing such use are complex and the amount of life  
insurance provided in connection with such plans may be limited, you should not 
do so until you have consulted a competent Qualified Plans consultant.          

INCOME TAX WITHHOLDING. All distributions or the portion thereof which is       
includible in gross income of the Policy owner are subject to Federal income    
tax withholding. However, in most cases you may elect not to have taxes         
withheld. You may be required to pay penalties under the estimated tax rules,   
if withholding and estimated tax payments are insufficient.                     

LIFE INSURANCE PURCHASES BY NONRESIDENT ALIENS AND FOREIGN CORPORATIONS. Policy 
Owners that are not U.S. citizens or residents will generally be subject to     
U.S. Federal withholding tax on taxable distributions from life insurance       
policies at a 30% rate, unless a lower treaty rate applies. In addition, Policy 
Owners may be subject to state and/or municipal taxes and taxes that may be     
imposed by the Policy Owner's country of citizenship or residence. Prospective  
purchasers are advised to consult with a qualified tax adviser regarding        
taxation with respect to a purchase of the Policy.                              

BUSINESS USES OF POLICY. Businesses can use the Policies in various             
arrangements, including nonqualified deferred compensation or salary            
continuance plans, split dollar insurance plans, executive bonus plans, tax     
exempt and nonexempt welfare benefit plans, retiree medical benefit plans and   
others. The tax consequences of such plans may vary depending on the particular 
facts and circumstances. If you are purchasing the Policy for any arrangement   
the value of which depends in part on its tax consequences, you should consult  
a qualified tax adviser. In the case of a business-owned Policy, the provisions 
of Section 101(j) of the Code may limit the amount of the death benefit         
excludable from gross income unless a specified exception applies and a notice  
and consent requirement is satisfied, as discussed above. In recent years,      
moreover, Congress has adopted new rules relating to life insurance owned by    
businesses. Any business contemplating the purchase of a new Policy or a change 
in an existing Policy should consult a tax adviser.                             

NON-INDIVIDUAL OWNERS AND BUSINESS BENEFICIARIES OF POLICIES. Ownership of the  
Policy by a corporation, trust or other non-natural person could jeopardize     
some (or all) of such entity's interest deduction under Internal Revenue Code   
Section 264, even where such entity's indebtedness is in no way connected to    
the Policy. In addition, under Section 264(f)(5), if a business (other than a   
sole proprietorship) is directly or indirectly a beneficiary of the Policy, the 
Policy could be treated as held by the business for purposes of the             
Section 264(f) entity-holder rules. Therefore, it would be advisable to consult 
with a qualified tax adviser before any non-natural person is made an Owner or  
holder of the Policy, or before a business (other than a sole proprietorship)   
is made a beneficiary of the Policy.                                            

SPLIT-DOLLAR ARRANGEMENTS. The IRS and the Treasury Department have recently    
issued guidance that substantially affects split-dollar arrangements. You should

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consult a qualified tax adviser before entering into or paying additional       
premiums with respect to such arrangements.                                     

In addition, the Sarbanes-Oxley Act of 2002 (the "Act"), which was signed into  
law on July 30, 2002, prohibits, with limited exceptions, publicly-traded       
companies, including non-U.S. companies that have securities listed on U.S.     
exchanges, from extending directly or indirectly or through a subsidiary, many  
types of personal loans to their directors or executive officers. It is         
possible that this prohibition may be interpreted to apply to split-dollar life 
insurance arrangements for directors and executive officers of such companies,  
since such arrangements can arguably be viewed as involving a loan from the     
employer for at least some purposes.                                            

Any affected business contemplating the payments of a premium on an existing    
Policy or the purchase of a new Policy in connection with a split-dollar life   
insurance arrangement should consult legal counsel.                             

Split dollar plans that provide deferred compensation may be subject to         
recently enacted rules governing deferred compensation arrangements. Failure to 
adhere to these rules will result in adverse tax consequences. A tax adviser    
should be consulted with respect to such plans.                                 

ESTATE, GIFT AND GENERATION-SKIPPING TRANSFER TAXES. The transfer of the Policy 
or the designation of a beneficiary may have Federal, state, and/or local       
transfer and inheritance tax consequences, including the imposition of gift,    
estate, and generation-skipping transfer taxes. When the insured dies, the      
death proceeds will generally be includable in the Policy Owner's estate for    
purposes of the Federal estate tax if the Policy Owner was the insured,         
retained incidents of ownership at death, or made a gift transfer of the Policy 
within 3 years of death. If the Policy Owner was not the insured, the fair      
market value of the Policy would be included in the Policy Owner's estate upon  
the Policy Owner's death. The Policy would not be includable in the insured's   
estate if the insured neither retained incidents of ownership at death nor had  
given up ownership within three years before death.                             

Moreover, under certain circumstances, the Internal Revenue Code may impose a   
"generation-skipping transfer tax" when all or part of a life insurance policy  
is transferred to, or a death benefit is paid to, an individual two or more     
generations younger than the Policy Owner. Regulations issued under the         
Internal Revenue Code may require us to deduct the tax from your Policy, or     
from any applicable payment, and pay it directly to the IRS.                    

Qualified tax advisers should be consulted concerning the estate and gift tax   
consequences of Policy ownership and distributions under Federal, state and     
local law. The individual situation of each Policy Owner or beneficiary will    
determine the extent, if any, to which Federal, state, and local transfer and   
inheritance taxes may be imposed and how ownership or receipt of Policy         
proceeds will be treated for purposes of Federal, state and local estate,       
inheritance, generation-skipping and other taxes.                               

In general, current rules provide for a $5 million estate, gift and             
generation-skipping transfer tax exemption (as adjusted for inflation) and a    
top tax rate of 40 percent.                                                     

The complexity of the tax law, along with uncertainty as to how it might be     
modified in coming years, underscores the importance of seeking guidance from a 
qualified adviser to help ensure that your estate plan adequately addresses     
your needs and those of your beneficiaries under all possible scenarios.        

TAX CREDITS AND DEDUCTIONS                                                      

The Company may be entitled to certain tax benefits related to the assets of    
the Separate Account. These tax benefits, which may include foreign tax credits 
and corporate dividends received deductions, are not passed back to the         
Separate Account or to Policy Owners since the Company is the owner of the      
assets from which the tax benefits are derived.                                 

ALTERNATIVE MINIMUM TAX. There may also be an indirect tax on the income in the 
Policy or the proceeds of the Policy under the Federal corporate alternative    
minimum tax if the Owner is subject to that tax.                                

POSSIBLE TAX LAW CHANGES. Although the likelihood of legislative changes is     
uncertain, there is always the possibility that the tax treatment of the Policy 
could change by legislation or otherwise. Consult a tax adviser with respect to 
legislative developments and their effect on the Policy.                        

THE COMPANY'S INCOME TAXES. Under current Federal income tax law we are not     
taxed on the Separate Account's operations. Thus, currently we do not deduct a  
charge from the Separate Account for company Federal income taxes. (We do       
deduct a charge for Federal taxes from premiums.) We reserve the right to       
charge the Separate Account for any future Federal income taxes we may incur.   
Under current laws we may incur state and local taxes (in addition to premium   
taxes). These taxes are not now significant and we are not currently charging   
for them. If they increase, we may deduct charges for such taxes.               

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APPENDIX A                                                                      
PARTICIPATING INVESTMENT FUNDS                                                  
INVESTMENT OBJECTIVES                                                           

Below is a listing of the investment advisers and subadvisers, if any, and the  
investment objectives of each Investment Fund available under the policy. The   
fund prospectuses contain more complete information, including a description of 
the investment objectives, policies, restrictions and risks. THERE CAN BE NO    
ASSURANCE THAT THE INVESTMENT OBJECTIVES WILL BE ACHIEVED.                      
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)                 
(SERIES 1 SHARES):                                                              

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) is a mutual     
fund with multiple portfolios. Invesco Advisers, Inc. is the investment adviser 
to each portfolio. The following Series I portfolio is available under the      
policy:                                                                         

INVESCO V.I. INTERNATIONAL GROWTH FUND                                          

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1):                 

Franklin Templeton Variable Insurance Products Trust is a mutual fund with      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

TEMPLETON FOREIGN SECURITIES FUND                                               

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

MET INVESTORS SERIES TRUST (CLASS A):                                           

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. MetLife Advisers, LLC has engaged subadvisers   
to provide investment advice for the individual portfolios. Met Investors       
Series Trust is a mutual fund with multiple portfolios. The following Class A   
portfolios are available under the policy:                                      

CLARION GLOBAL REAL ESTATE PORTFOLIO                                            

SUBADVISER: CBRE Clarion Securities LLC                                         

INVESTMENT OBJECTIVE: Seeks total return through investment in real estate      
securities, emphasizing both capital appreciation and current income.           

CLEARBRIDGE AGGRESSIVE GROWTH PORTFOLIO (FORMERLY LEGG MASON CLEARBRIDGE        
AGGRESSIVE GROWTH PORTFOLIO)                                                    

SUBADVISER: ClearBridge Investments, LLC (formerly ClearBridge Advisors, LLC)   

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

INVESCO SMALL CAP GROWTH PORTFOLIO                                              

SUBADVISER: Invesco Advisers, Inc.                                              

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

LORD ABBETT BOND DEBENTURE PORTFOLIO                                            

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks high current income and the opportunity for capital 
appreciation to produce a high total return.                                    

LORD ABBETT MID CAP VALUE PORTFOLIO                                             

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks capital appreciation through investments, primarily 
in equity securities, which are believed to be undervalued in the marketplace.  

MFS(R) EMERGING MARKETS EQUITY PORTFOLIO                                        

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

MFS(R) RESEARCH INTERNATIONAL PORTFOLIO                                         

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

MORGAN STANLEY MID CAP GROWTH PORTFOLIO                                         

SUBADVISER: Morgan Stanley Investment Management Inc.                           

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INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

PIMCO TOTAL RETURN PORTFOLIO                                                    

SUBADVISER: Pacific Investment Management Company LLC                           

INVESTMENT OBJECTIVE: Seeks maximum total return, consistent with the           
preservation of capital and prudent investment management.                      

T. ROWE PRICE LARGE CAP VALUE PORTFOLIO                                         

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long-term capital appreciation by investing in      
common stocks believed to be undervalued. Income is a secondary objective.      

METROPOLITAN SERIES FUND (CLASS A):                                             

Metropolitan Series Fund is a mutual fund with multiple portfolios. MetLife     
Advisers, LLC is the investment adviser to the portfolios. MetLife Advisers,    
LLC has engaged subadvisers to provide investment advice for the individual     
portfolios. The following Class A portfolios are available under the policy:    

BLACKROCK BOND INCOME PORTFOLIO                                                 

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a competitive total return primarily from investing 
in fixed-income securities.                                                     

BLACKROCK MONEY MARKET PORTFOLIO                                                

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a high level of current income consistent with      
preservation of capital.                                                        

JENNISON GROWTH PORTFOLIO                                                       

SUBADVISER: Jennison Associates LLC                                             

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

NEUBERGER BERMAN GENESIS PORTFOLIO                                              

SUBADVISER: Neuberger Berman Management LLC                                     

INVESTMENT OBJECTIVE: Seeks high total return, consisting principally of        
capital appreciation.                                                           

T. ROWE PRICE LARGE CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long term growth of capital and, secondarily,       
dividend income.                                                                

T. ROWE PRICE SMALL CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

WESTERN ASSET MANAGEMENT STRATEGIC BOND OPPORTUNITIES PORTFOLIO                 

SUBADVISER: Western Asset Management Company                                    

INVESTMENT OBJECTIVE: Seeks to maximize total return consistent with            
preservation of capital.                                                        

PUTNAM VARIABLE TRUST (CLASS IA):                                               

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following portfolio is available under the policy:                              

PUTNAM VT MULTI-CAP GROWTH FUND                                                 

INVESTMENT OBJECTIVE: Seeks long-term capital appreciation.                     

DISCONTINUED INVESTMENT PORTFOLIOS. The following investment option is no       
longer available for allocations of premiums or transfers of cash value         
(excluding rebalancing and dollar cost averaging programs in existence at the   
time of closing): Metropolitan Series Fund: BlackRock Capital Appreciation      
Portfolio (Class A) (formerly BlackRock Legacy Large Cap Growth Portfolio       
(Class A)) (added and closed effective May 1, 2009).                            

Effective as of April 28, 2003, General American Money Market Fund was merged   
into the State Street Research Money Market Portfolio of Metropolitan Series    
Fund, Inc. and the following investment portfolios of the Met Investors Series  
Trust were merged: J.P. Morgan Enhanced Index Portfolio merged into the Lord    
Abbett Growth and Income Portfolio; J.P. Morgan International Equity Portfolio  
merged into the MFS(R) Research International Portfolio; and Lord Abbett        
Developing Growth Portfolio merged into the Lord Abbett Growth Opportunities    
Portfolio.                                                                      

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Effective as of May 1, 2004, the following investment portfolios were replaced: 
(a) AIM Variable Insurance Funds: AIM V.I. Premier Equity Fund (Series I) was   
replaced with the Lord Abbett Growth and Income Portfolio (Class A) of Met      
Investors Series Trust ("MIST"); (b) AllianceBernstein Variable Products Series 
Fund, Inc.: AllianceBernstein Premier Growth Portfolio (Class A) was replaced   
with the Janus Aggressive Growth Portfolio (Class A) of MIST; (c) Franklin      
Templeton Variable Insurance Products Trust (Class 1): Franklin Small Cap Fund  
was replaced with the T. Rowe Price Small Cap Growth Portfolio (Class A) of     
Metropolitan Series Fund, Inc. ("MSF"); and Mutual Shares Securities Fund was   
replaced with the Lord Abbett Growth and Income Portfolio (Class A) of MIST;    
(d) Goldman Sachs Variable Insurance Trust ("GSVIT"): GSVIT Growth and Income   
Fund (closed effective March 1, 2002) was replaced with the Lord Abbett Growth  
and Income Fund (Class A) of MIST; and GSVIT International Equity Fund (closed  
effective March 1, 2002) was replaced with the MFS(R) Research International    
Portfolio (Class A) of MIST; (e) Liberty Variable Investments: the Newport      
Tiger Fund, Variable Series (Class A) (closed effective May 1, 2002) was        
replaced with the MFS(R) Research International Portfolio (Class A) of MIST;    
(f) MFS(R) Variable Insurance Trust (Initial Class): MFS(R) Research Series     
(closed effective May 1, 2003) was replaced with the Oppenheimer Capital        
Appreciation Portfolio (Class A) of MIST; MFS(R) Emerging Growth Series was     
replaced with the T. Rowe Price Large Cap Growth Portfolio (Class A) of MSF;    
and the MFS(R) Strategic Income Series was replaced with the Salomon Brothers   
Strategic Bond Opportunities Portfolio (Class A) of MSF; (g) Oppenheimer        
Variable Account Funds (Initial Class): Oppenheimer Strategic Bond Fund/VA was  
replaced with the PIMCO Total Return Portfolio (Class A) of MIST; Oppenheimer   
Main Street Fund/VA was replaced with the Lord Abbett Growth and Income         
Portfolio (Class A) of MIST; Oppenheimer High Income Fund/VA was replaced with  
the Lord Abbett Bond Debenture Portfolio (Class A) of MIST; Oppenheimer Bond    
Fund/VA was replaced with the State Street Research Bond Income Portfolio       
(Class A) of MSF; and (h) Putnam Variable Trust (Class IA): Putnam VT New Value 
Fund (closed effective May 1, 2003) was replaced with the Lord Abbett Growth    
and Income Fund (Class A) of MIST; and the Putnam VT International New          
Opportunities Fund (closed effective May 1, 2003) was replaced with the MFS(R)  
Research International Portfolio (Class A) of MIST.                             

Effective as of November 22, 2004, the J.P. Morgan Quality Bond Portfolio       
(Class A) of the Met Investors Series Trust was merged into the PIMCO Total     
Return Portfolio (Class A) of the Met Investors Series Trust and the J.P.       
Morgan Select Equity Portfolio (Class A) of the Met Investors Series Trust was  
closed.                                                                         

Effective as of May 1, 2005, the following investment portfolios were replaced: 
(a) AllianceBernstein Variable Products Series Fund, Inc.: the                  
AllianceBernstein Real Estate Investment Portfolio (Class A) was replaced with  
the Neuberger Berman Real Estate Portfolio (Class A) of the Met Investors       
Series Trust; (b) MFS(R) Variable Insurance Trust: the MFS(R) High Income       
Series (Initial Class) was replaced with the Lord Abbett Bond Debenture         
Portfolio (Class A) of the Met Investors Series Trust, the MFS(R) Investors     
Trust Series (Initial Class) was replaced with the Oppenheimer Capital          
Appreciation Portfolio (Class A) of the Met Investors Series Trust and the MFS  
New Discovery Series (Initial Class) was replaced with the Met/AIM Small Cap    
Growth Portfolio of the Met Investors Series Trust; (c) Putnam Variable Trust:  
the Putnam VT International Equity Fund (Class IA) was replaced with the MFS    
Research International Portfolio (Class A) of the Met Investors Series Trust;   
(d) Oppenheimer Variable Account Funds: the Oppenheimer Capital Appreciation    
Fund/VA (Class A) (closed May 1, 2004) was replaced with the Oppenheimer        
Capital Appreciation Portfolio (Class A) of the Met Investors Series Trust.     

Effective as of April 30, 2007, the following investment portfolios were        
replaced: (a) AIM Variable Insurance Funds: AIM V.I. Capital Appreciation Fund  
(Series I) was replaced with the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series Trust; and (b) DWS Variable Series II: DWS Small 
Cap Growth VIP (Class A) was replaced with the T. Rowe Price Small Cap Growth   
Portfolio (Class A) of the Metropolitan Series Fund, Inc.                       

Effective as of April 30, 2007, the Met/Putnam Capital Opportunities Portfolio  
(Class A) of the Met Investors Series Trust was merged into the Lazard Mid-Cap  
Portfolio (Class A) of the Met Investors Series Trust.                          

Effective as of April 28, 2008, the Templeton Developing Markets Securities     
Fund (Class 1) of the Franklin Templeton Variable Insurance Products Trust was  
replaced with the MFS(R) Emerging Markets Equity Portfolio (Class A) of the Met 
Investors Series Trust.                                                         

Effective as of May 4, 2009, the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series                                                  

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Trust merged into the BlackRock Legacy Large Cap Growth Portfolio (Class A) of  
the Metropolitan Series Fund, Inc.                                              

Effective as of May 3, 2010, the Putnam VT Growth and Income Fund (Class IA) of 
the Putnam Variable Trust was replaced with the Lord Abbett Growth and Income   
Portfolio (Class A) of the Met Investors Series Trust.                          

Effective as of September 27, 2010, the Putnam VT Vista Fund (Class IA) of the  
Putnam Variable Trust merged into the Putnam VT Multi-Cap Growth Fund (Class    
IA) of the Putnam Variable Trust.                                               

Effective as of April 30, 2012, the Oppenheimer Capital Appreciation Portfolio  
of the Met Investors Series Trust merged into the Jennison Growth Portfolio of  
the Metropolitan Series Fund.                                                   

Effective as of April 29, 2013, the MLA Mid Cap Portfolio (Class A) (which was  
formerly the Lazard Mid Cap Portfolio (Class A)) of the Met Investors Series    
Trust was merged into the Neuberger Berman Genesis Portfolio (Class A) of the   
Metropolitan Series Fund.                                                       

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METLIFE INVESTORS INSURANCE COMPANY 

METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE 

SUPPLEMENT DATED APRIL 30, 2012 
TO  
PROSPECTUSES DATED MAY 1, 2001 AND NOVEMBER 9, 2009 
(CUSTOM-SELECT FLEX VUL)  

This will supplement the prospectuses dated May 1, 2001 (as supplemented) and   
November 9, 2009 (as supplemented) for variable life insurance policies issued  
by Metlife Investors Variable Life Account One. The following information is    
provided with respect to the investment options available effective on and      
after April 30, 2012, under the Flexible Premium Variable Life Insurance Policy 
(the "Policy") issued by MetLife Investors Insurance Company.                   

The corresponding sections of the prospectus are supplemented or modified as    
follows:                                                                        

EXPENSES                                                                        

.. DEDUCTIONS FROM THE INVESTMENT FUNDS                                         

MORTALITY AND EXPENSE RISK CHARGE                                               

We are waiving an amount of the Mortality and Expense Risk Charge equal to the  
Investment Fund expenses that are in excess of 0.58% for cash value allocated   
to the T. Rowe Price Large Cap Value Portfolio.                                 

ANNUAL OPERATING EXPENSES                                                       
(as a percentage of average daily net assets)                                   

The following table describes the annual operating expenses for each Investment 
Fund for the year ended December 31, 2011, before and after any applicable      
contractual fee waivers and expense reimbursements:                             

                                                        [Enlarge/Download Table]

------------------------------------------------------------------------------------------------------------------------
                                                                                                  CONTRACTUAL           
                                                      DISTRIBUTION           ACQUIRED    TOTAL    FEE WAIVER   NET TOTAL
                                                         AND/OR              FUND FEES  ANNUAL      AND/OR      ANNUAL  
                                          MANAGEMENT SERVICE(12B-1)  OTHER      AND    OPERATING    EXPENSE    OPERATING
                                             FEE          FEES      EXPENSES EXPENSES  EXPENSES  REIMBURSEMENT EXPENSES 
------------------------------------------------------------------------------------------------------------------------
                                                                                                                        
AIM VARIABLE INSURANCE FUNDS                                                                                            
 (INVESCO VARIABLE INSURANCE                                                                                            
 FUNDS) -- SERIES I                                                                                                     
Invesco V.I. International Growth Fund       0.71%         --         0.32%      --      1.03%         --        1.03%  
FRANKLIN TEMPLETON VARIABLE                                                                                             
 INSURANCE PRODUCTS TRUST --                                                                                            
 CLASS 1                                                                                                                
Templeton Foreign Securities Fund            0.64%         --         0.15%    0.01%     0.80%       0.00%       0.80%  
MET INVESTORS SERIES TRUST --                                                                                           
 CLASS A                                                                                                                
Clarion Global Real Estate Portfolio         0.61%         --         0.06%      --      0.67%         --        0.67%  
Invesco Small Cap Growth Portfolio           0.85%         --         0.03%      --      0.88%       0.02%       0.86%  
Lazard Mid Cap Portfolio                     0.69%         --         0.06%      --      0.75%         --        0.75%  
Legg Mason ClearBridge Aggressive                                                                                       
 Growth Portfolio                            0.62%         --         0.03%      --      0.65%         --        0.65%  
Lord Abbett Bond Debenture Portfolio         0.50%         --         0.04%      --      0.54%         --        0.54%  
Lord Abbett Mid Cap Value Portfolio          0.67%         --         0.06%      --      0.73%       0.02%       0.71%  
MFS(R) Emerging Markets Equity Portfolio     0.92%         --         0.17%      --      1.09%         --        1.09%  
MFS(R) Research International Portfolio      0.68%         --         0.09%      --      0.77%       0.06%       0.71%  
Morgan Stanley Mid Cap Growth                                                                                           
 Portfolio                                   0.65%         --         0.07%      --      0.72%       0.01%       0.71%  
------------------------------------------------------------------------------------------------------------------------

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                                                                                                  CONTRACTUAL           
                                                      DISTRIBUTION           ACQUIRED    TOTAL    FEE WAIVER   NET TOTAL
                                                         AND/OR              FUND FEES  ANNUAL      AND/OR      ANNUAL  
                                          MANAGEMENT SERVICE(12B-1)  OTHER      AND    OPERATING    EXPENSE    OPERATING
                                             FEE          FEES      EXPENSES EXPENSES  EXPENSES  REIMBURSEMENT EXPENSES 
------------------------------------------------------------------------------------------------------------------------
                                                                                                                        
PIMCO Total Return Portfolio                 0.48%         --         0.03%     --       0.51%         --        0.51%  
T. Rowe Price Large Cap Value Portfolio      0.57%         --         0.02%     --       0.59%         --        0.59%  
METROPOLITAN SERIES FUND -- CLASS A                                                                                     
BlackRock Bond Income Portfolio              0.34%         --         0.03%     --       0.37%       0.01%       0.36%  
BlackRock Money Market Portfolio             0.33%         --         0.02%     --       0.35%       0.01%       0.34%  
Jennison Growth Portfolio                    0.62%         --         0.02%     --       0.64%       0.07%       0.57%  
T. Rowe Price Large Cap Growth Portfolio     0.60%         --         0.04%     --       0.64%       0.01%       0.63%  
T. Rowe Price Small Cap Growth Portfolio     0.49%         --         0.06%     --       0.55%         --        0.55%  
Western Asset Management Strategic Bond                                                                                 
 Opportunities Portfolio                     0.61%         --         0.06%     --       0.67%       0.04%       0.63%  
PUTNAM VARIABLE TRUST -- CLASS IA                                                                                       
Putnam VT Multi-Cap Growth Fund              0.56%         --         0.16%     --       0.72%         --        0.72%  
------------------------------------------------------------------------------------------------------------------------

The Net Total Annual Operating Expenses shown in the table reflect contractual  
arrangements currently in effect under which the investment advisers of certain 
Investment Funds have agreed to waive fees and/or pay expenses of the           
Investment Funds until at least April 30, 2013. In the table, "0.00%" in the    
Contractual Fee Waiver and/or Expense Reimbursement column indicates that there 
is a contractual arrangement in effect for that Investment Fund, but the        
expenses of the Investment Fund are below the level that would trigger the      
waiver or reimbursement. The Net Total Annual Operating Expenses shown do not   
reflect voluntary waiver or expense reimbursement arrangements or arrangements  
that terminate prior to April 30, 2013. The Investment Funds provided the       
information on their expenses, and we have not independently verified the       
information.                                                                    

INVESTMENT FUNDS                                                                

The Policy offers the Investment Funds which are listed below. Appendix A       
contains a summary of investment objectives and subadvisers, if any, for each   
Investment Fund. Additional Investment Funds may be available in the future.    

YOU SHOULD READ THE PROSPECTUSES FOR THESE FUNDS CAREFULLY. YOU CAN OBTAIN      
COPIES OF THE FUND PROSPECTUSES BY CALLING US AT 1-800-638-9294. YOU CAN ALSO   
OBTAIN INFORMATION ABOUT THE FUNDS (INCLUDING A COPY OF THE STATEMENT OF        
ADDITIONAL INFORMATION) BY ACCESSING THE SECURITIES AND EXCHANGE COMMISSION'S   
WEBSITE AT HTTP://WWW.SEC.GOV.                                                  

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) (SERIES I       
SHARES)                                                                         

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) is a mutual     
fund with multiple portfolios. Invesco Advisers, Inc. is the investment adviser 
to each portfolio. The following Series I portfolio is available under the      
policy:                                                                         

Invesco V.I. International Growth Fund                                        

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1)                  

Franklin Templeton Variable Insurance Products Trust currently consists of      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

Templeton Foreign Securities Fund                                             

MET INVESTORS SERIES TRUST (CLASS A)                                            

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. Met Investors Series Trust is a mutual fund     
with multiple portfolios. MetLife Advisers, LLC has engaged subadvisers to      
provide investment advice for the individual investment portfolios. The         
following Class A portfolios are available under the policy:                    

Clarion Global Real Estate Portfolio                                          
Invesco Small Cap Growth Portfolio                                            
Lazard Mid Cap Portfolio                                                      
Legg Mason ClearBridge Aggressive Growth Portfolio                            
Lord Abbett Bond Debenture Portfolio                                          
Lord Abbett Mid Cap Value Portfolio                                           
MFS(R) Emerging Markets Equity Portfolio                                      

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MFS(R) Research International Portfolio                                       
Morgan Stanley Mid Cap Growth Portfolio                                       
PIMCO Total Return Portfolio                                                  
T. Rowe Price Large Cap Value Portfolio                                       

METROPOLITAN SERIES FUND (CLASS A)                                              

Metropolitan Series Fund is a mutual fund with multiple portfolios. MetLife     
Advisers, LLC is the investment adviser to the portfolios. MetLife Advisers,    
LLC has engaged subadvisers to provide investment advice for the individual     
investment portfolios. The following Class A portfolios are available under the 
policy:                                                                         

BlackRock Bond Income Portfolio                                               
BlackRock Money Market Portfolio                                              
Jennison Growth Portfolio                                                     
T. Rowe Price Large Cap Growth Portfolio                                      
T. Rowe Price Small Cap Growth Portfolio                                      
Western Asset Management Strategic Bond Opportunities Portfolio               

PUTNAM VARIABLE TRUST (CLASS IA)                                                

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following Class IA portfolio is available under the policy:                     

Putnam VT Multi-Cap Growth Fund                                               

MARKET TIMING                                                                   

The following paragraphs in this section have been modified:                    

The Investment Funds may have adopted their own policies and procedures with    
respect to market timing transactions in their respective shares, and we        
reserve the right to enforce these policies and procedures. For example, the    
Investment Funds may assess a redemption fee (which we reserve the right to     
collect) on shares held for a relatively short period. The prospectuses for the 
Investment Funds describe any such policies and procedures, which may be more   
or less restrictive than the policies and procedures we have adopted. Although  
we may not have the contractual authority or the operational capacity to apply  
the market timing policies and procedures of the Investment Funds, we have      
entered into a written agreement, as required by SEC regulation, with each      
Investment Fund or its principal underwriter that obligates us to provide to    
the Investment Fund promptly upon request certain information about the trading 
activity of individual owners, and to execute instructions from the Investment  
Fund to restrict or prohibit further purchases or transfers by specific owners  
who violate the frequent trading policies established by the Investment Fund.   

In addition, owners and other persons with interests in the Policies should be  
aware that the purchase and redemption orders received by the Investment Funds  
generally are "omnibus" orders from intermediaries such as retirement plans or  
separate accounts funding variable insurance contracts. The omnibus orders      
reflect the aggregation and netting of multiple orders from individual owners   
of variable insurance contracts and/or individual retirement plan participants. 
The omnibus nature of these orders may limit the Investment Funds in their      
ability to apply their market timing policies and procedures. In addition, the  
other insurance companies and/or retirement plans may have different policies   
and procedures or may not have any such policies and procedures because of      
contractual limitations. For these reasons, we cannot guarantee that the        
Investment Funds (and thus owners) will not be harmed by transfer activity      
relating to other insurance companies and/or retirement plans that may invest   
in the Investment Funds. If an Investment Fund believes that an omnibus order   
reflects one or more transfer requests from owners engaged in disruptive        
trading activity, the Investment Fund may reject the entire omnibus order.      

In accordance with applicable law, we reserve the right to modify or terminate  
the transfer privilege at any time. We also reserve the right to defer or       
restrict the transfer privilege at any time that we are unable to purchase or   
redeem shares of any of the Investment Funds, including any refusal or          
restriction on purchases or redemptions of their shares as a result of their    
own policies and procedures on market timing and disruptive trading activities  
(even if an entire omnibus order is rejected due to the market timing or        
disruptive trading activity of a single owner). You should read the Investment  
Fund prospectuses for more details.                                             

OTHER INFORMATION                                                               

DISTRIBUTOR                                                                     

The Financial Industry Regulatory Authority ("FINRA") provides background       
information about broker-dealers and their registered representatives through   
FINRA BrokerCheck. You may contact the FINRA BrokerCheck Hotline at             
1-800-289-9999, or log on to www.finra.org. An investor brochure that includes  
information describing FINRA BrokerCheck is available through the Hotline or    
on-line.                                                                        

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FEDERAL TAX STATUS                                                              

NOTE: The following description is based upon our understanding of current      
Federal income tax law applicable to life insurance in general. We cannot       
predict the probability that any changes in such laws will be made. Purchasers  
are cautioned to seek competent tax advice regarding the possibility of such    
changes. Section 7702 of the Internal Revenue Code of 1986, as amended          
("Code"), defines the term "life insurance contract" for purposes of the Code.  
We believe that Single Life Policies issued on a standard underwriting basis    
should qualify as "life insurance contracts" under Section 7702. There is more  
uncertainty as to Single Life Policies issued on a substandard risk basis and   
Joint and Survivor Policies. We do not guarantee the tax status of the          
Policies. Purchasers bear the complete risk that the Policies may not be        
treated as a "life insurance contract" under Federal income tax laws.           
Purchasers should consult their own tax advisers. It should be further          
understood that the following discussion is not exhaustive and that special     
rules not described in this prospectus may be applicable in certain situations. 
In general, however, the insurance proceeds payable on the death of the Insured 
will never be less than the minimum amount required for the Policy to be        
treated as life insurance under section 7702 of the Internal Revenue Code, as   
in effect on the date the Policy was issued.                                    

INTRODUCTION. The discussion contained herein addressing Federal income tax     
considerations relating to the Policy is general in nature and is not intended  
as tax advice. It does not purport to be complete or to address every           
situation. Each person concerned should consult a competent tax adviser. No     
attempt is made to consider any applicable state, local or foreign or other tax 
laws. Moreover, the discussion herein is based upon our understanding of        
current federal income tax laws as they are currently interpreted. No           
representation is made regarding the likelihood of continuation of those        
current federal income tax laws or of the current interpretations by the        
Internal Revenue Service.                                                       

IRS CIRCULAR 230 NOTICE: The tax information contained herein is not intended   
to (and cannot) be used by anyone to avoid IRS penalties. It is intended to     
support the sale of the Policy. The Policy Owner should seek tax advice based   
on the Policy Owner's particular circumstances from an independent tax adviser. 

We are taxed as a life insurance company under the Code. For federal income tax 
purposes, the Separate Account is not a separate entity from us and its         
operations form a part of us.                                                   

DIVERSIFICATION. Section 817(h) of the Code imposes certain diversification     
standards on the underlying assets of variable life insurance policies. The     
Code provides that a variable life insurance policy will not be treated as life 
insurance for any period (and any subsequent period) for which the investments  
are not adequately diversified under IRS rules. Disqualification of the Policy  
as a life insurance contract would result in imposition of federal income tax   
to the Owner with respect to earnings allocable to the Policy prior to the      
receipt of payments under the Policy. We intend that each Investment Fund       
underlying the Policies will be managed by the managers in such a manner as to  
comply with these diversification requirements. If Investment Fund shares are   
sold directly to tax-qualified retirement plans that later lose their           
tax-qualified status, or to non-qualified plans, there may be adverse           
consequences under the diversification rules.                                   

INVESTOR CONTROL. In some circumstances, owners of variable contracts who       
retain excessive control over the investment of the underlying separate account 
assets may be treated as the owners of those assets. Although published         
guidance in this area does not address certain aspects of the Policies, we      
believe that the Owner of a Policy should not be treated as the owner of the    
Separate Account assets. We reserve the right to modify the Policies to bring   
them into conformity with applicable standards should such modification be      
necessary to prevent Owners of the Policies from being treated as the owners of 
the underlying Separate Account assets.                                         

TAX TREATMENT OF THE POLICY. The Policy has been designed to comply with the    
definition of life insurance contained in Section 7702 of the Code. Although    
some interim guidance has been provided and some proposed and final regulations 
have been issued, a comprehensive set of final regulations has not been         
adopted. Section 7702 of the Code requires that the amount of mortality and     
other expense charges be reasonable. In establishing these charges, we have     
relied on interim IRS guidance. Currently, there is even less guidance as to    
Policies issued on a substandard risk basis and Joint and Last Survivor         
Policies. Moreover, if you elect the Accelerated Death Benefit Rider, the       
continued tax qualification of the Policy after a distribution is made under    
the rider is unclear.                                                           

We note that the law relating to Section 7702 compliance is complex and unclear 
in many respects. There is a risk, therefore, that the Internal Revenue Service 
will not concur                                                                 

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with some of our interpretations of Section 7702 that were made in determining  
such compliance. In the event the Policy is determined not to comply, it would  
not qualify for the favorable tax treatment usually accorded life insurance     
policies. You should consult your own tax advisers with respect to the tax      
consequences of purchasing the Policy. The following discussion assumes that    
the Policy will satisfy Section 7702.                                           

POLICY PROCEEDS. The tax treatment accorded to loan proceeds and/or surrender   
payments from the policies will depend on whether the Policy is considered to   
be a MEC. (See "Tax Treatment of Loans and Surrenders.") Otherwise, we believe  
that the Policy should receive the same Federal income tax treatment as any     
other type of life insurance. As such, the death benefit thereunder is          
generally excludable from the gross income of the Beneficiary to the extent     
provided in Section 101(a) of the Code. Also, you are not deemed to be in       
constructive receipt of the Cash Surrender Value, including increments thereon, 
under a Policy until there is a distribution of such amounts.                   

In the case of employer-owned life insurance as defined in Section 101(j), the  
amount of the death benefit excludable from gross income is limited to premiums 
paid unless the Policy falls within certain specified exceptions and a notice   
and consent requirement is satisfied before the Policy is issued. Certain       
specified exceptions are based on the status of an employee as highly           
compensated or recently employed. There are also exceptions for Policy proceeds 
paid to an employee's heirs. These exceptions only apply if proper notice is    
given to the insured employee and consent is received from the insured employee 
before the issuance of the Policy. These rules apply to Policies issued         
August 18, 2006 and later and also apply to policies issued before August 18,   
2006 after a material increase in the death benefit or other material change.   
An IRS reporting requirement applies to employer-owned life insurance subject   
to these rules. Because these rules are complex and will affect the tax         
treatment of death benefits, it is advisable to consult tax counsel. The death  
benefit will also be taxable in the case of a transfer-for-value unless certain 
exceptions apply.                                                               

Federal, state and local estate, inheritance and other tax consequences of      
ownership, or receipt of Policy proceeds, depend on the circumstances of each   
owner or Beneficiary.                                                           

TAX TREATMENT OF LOANS AND SURRENDERS. Section 7702A of the Code sets forth the 
rules for determining when a life insurance Policy will be deemed to be a MEC.  
A MEC is a contract which is entered into or materially changed on or after     
June 21, 1988 and fails to meet the 7-pay test. A Policy fails to meet the      
7-pay test when the cumulative amount paid under the Policy at any time during  
the first 7 Policy years exceeds the sum of the net level premiums which would  
have been paid on or before such time if the Policy provided for paid-up future 
benefits after the payment of seven (7) level annual premiums. A material       
change would include any increase in the future benefits or addition of         
qualified additional benefits provided under a Policy unless the increase is    
attributable to: (1) the payment of premiums necessary to fund the lowest death 
benefit and qualified additional benefits payable in the first seven Policy     
years; or (2) the crediting of interest or other earnings with respect to such  
premiums.                                                                       

Certain changes in a Policy after it is issued could also cause it to fail to   
satisfy the 7-pay test and therefore to be classified as a MEC. Making          
additional payments, reducing the Policy's death benefit, reducing the Policy's 
benefits through a partial withdrawal, a change in death benefit option, and    
termination of benefits under a rider are examples of changes that could result 
in your Policy becoming classified as a MEC. Reducing the death benefit below   
the lowest death benefit provided by the Policy during the first seven years    
will probably cause the Policy to be classified as a MEC if such a reduction    
occurs during the first seven Policy years in the case of a Single Life Policy  
or at any time in the case of a Joint and Last Survivor Policy. Even if these   
events do not result in a Policy becoming classified as a MEC, they could       
reduce the amount that may be paid in the future without causing the Policy to  
be classified as a MEC. You should consult a tax adviser to determine whether a 
Policy transaction will cause your Policy to be classified as a MEC.            

Furthermore, any Policy received in exchange for a Policy classified as a MEC   
will be treated as a MEC regardless of whether it meets the 7-pay test.         
However, an exchange under Section 1035 of the Code of a life insurance Policy  
entered into before June 21, 1988 for the Policy will not cause the Policy to   
be treated as a MEC if no additional premiums are paid.                         

Due to the flexible premium nature of the Policy, the determination of whether  
it qualifies for treatment as a MEC depends on the individual circumstances of  
each Policy.                                                                    

If the Policy is classified as a MEC, then any distribution (including the      
proceeds of any loan) is taxable to the extent                                  

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of income in the Policy. Distributions are deemed to be on a last-in, first-out 
basis, which means the taxable income is distributed first. Distributions,      
including those resulting from surrender or lapse of the Policy, may also be    
subject to an additional 10% federal income tax penalty applied to the income   
portion of such distribution. The penalty shall not apply, however, to any      
distributions: (1) made on or after the date on which the taxpayer reaches age  
59 1/2; (2) which is attributable to the taxpayer becoming disabled (within the 
meaning of Section 72(m)(7) of the Code); or (3) which is part of a series of   
substantially equal periodic payments made not less frequently than annually    
for the life (or life expectancy) of the taxpayer or the joint lives (or joint  
life expectancies) of such taxpayer and his beneficiary. The exception to the   
additional 10% federal income tax penalty does not apply to a taxpayer which is 
a non-natural person, such as a corporation.                                    

If a Policy becomes a MEC, distributions that occur during the Policy year will 
be taxed as distributions from a MEC. In addition, distributions from a Policy  
within two years before it becomes a MEC will be taxed in this manner. This     
means that a distribution made from a Policy that is not a MEC could later      
become taxable as a distribution from a MEC.                                    

If a Policy is not classified as a MEC, then any surrenders shall be treated    
first as a recovery of the investment in the Policy which would not be received 
as taxable income. However, if a distribution is the result of a reduction in   
benefits under the Policy within the first fifteen years after the Policy is    
issued in order to comply with Section 7702, such distribution will, under      
rules set forth in Section 7702, be taxed as ordinary income to the extent of   
income in the Policy.                                                           

Loans from a Policy which is not classified as a MEC, will generally be treated 
as Indebtedness of the Owner and not a distribution. However, there is          
uncertainty as to loans from such a Policy after the 10th Policy year and you   
should consult a tax adviser as to the treatment of such loans.                 

If your Policy is surrendered, cancelled, lapses, or is exchanged while any     
Policy loan is outstanding, the amount of the Policy loan plus accrued interest 
will be deemed to be distributed to you and could be partly or wholly taxable,  
depending on your particular circumstances. Cash distributed to you from the    
Policy in these circumstances may be insufficient to pay the tax attributable   
to any Policy loan.                                                             

Interest payable on a loan under a Policy is generally not deductible.          

Policyowners should seek competent tax advice on the tax consequences of taking 
loans, distributions, exchanging or surrendering any Policy.                    

MULTIPLE POLICIES. The Code further provides that multiple MECs that are issued 
within a calendar year period to the same owner by one company or its           
affiliates are treated as one MEC for purposes of determining the taxable       
portion of any loans or distributions. Such treatment may result in adverse tax 
consequences including more rapid taxation of the loans or distributed amounts  
from such combination of policies. You should consult a tax adviser prior to    
purchasing more than one MEC in any calendar year period.                       

CONTINUATION OF POLICY BEYOND AGE 100. The tax consequences of continuing the   
Policy beyond the Insured's 100th birthday (or the younger Insured's 100th      
birthday with respect to the Joint and Last Survivor Policy) are unclear. You   
should consult a tax adviser if you intend to keep the Policy in force beyond   
the Insured's 100th birthday (or the younger Insured's 100th birthday with      
respect to the Joint and Last Survivor Policy).                                 

TAX TREATMENT OF POLICY SPLIT. The Split Policy Option Rider and the Divorce    
Split Rider permit a Policy to be split into two individual Policies. In        
general exercising either the Policy Split Rider or the Divorce Split Rider     
will be treated as a taxable transaction. It is not clear whether the           
individual Policies that result will be classified as Modified Endowment        
Contracts. A tax adviser should be consulted before exercising either rider.    

TAX TREATMENT OF ASSIGNMENTS. An assignment of a Policy or the change of        
ownership of a Policy may be a taxable event. You should therefore consult a    
competent tax adviser should you wish to assign or change the owner of your     
Policy.                                                                         

QUALIFIED PLANS. The Policies may be used in conjunction with certain Qualified 
Plans. Because the rules governing such use are complex and the amount of life  
insurance provided in connection with such plans may be limited, you should not 
do so until you have consulted a competent Qualified Plans consultant.          

INCOME TAX WITHHOLDING. All distributions or the portion thereof which is       
includible in gross income of the Policy owner are subject to Federal income    
tax withholding. However, in most cases you may elect not to have taxes         
withheld. You may be required to pay penalties under the estimated tax rules,   
if withholding and estimated tax payments are insufficient.                     

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LIFE INSURANCE PURCHASES BY NONRESIDENT ALIENS AND FOREIGN CORPORATIONS. Policy 
Owners that are not U.S. citizens or residents will generally be subject to     
U.S. Federal withholding tax on taxable distributions from life insurance       
policies at a 30% rate, unless a lower treaty rate applies. In addition, Policy 
Owners may be subject to state and/or municipal taxes and taxes that may be     
imposed by the Policy Owner's country of citizenship or residence. Prospective  
purchasers are advised to consult with a qualified tax adviser regarding        
taxation with respect to a purchase of the Policy.                              

BUSINESS USES OF POLICY. Businesses can use the Policies in various             
arrangements, including nonqualified deferred compensation or salary            
continuance plans, split dollar insurance plans, executive bonus plans, tax     
exempt and nonexempt welfare benefit plans, retiree medical benefit plans and   
others. The tax consequences of such plans may vary depending on the particular 
facts and circumstances. If you are purchasing the Policy for any arrangement   
the value of which depends in part on its tax consequences, you should consult  
a qualified tax adviser. In the case of a business-owned Policy, the provisions 
of Section 101(j) of the Code may limit the amount of the death benefit         
excludable from gross income unless a specified exception applies and a notice  
and consent requirement is satisfied, as discussed above. In recent years,      
moreover, Congress has adopted new rules relating to life insurance owned by    
businesses. Any business contemplating the purchase of a new Policy or a change 
in an existing Policy should consult a tax adviser.                             

NON-INDIVIDUAL OWNERS AND BUSINESS BENEFICIARIES OF POLICIES. Ownership of the  
Policy by a corporation, trust or other non-natural person could jeopardize     
some (or all) of such entity's interest deduction under Internal Revenue Code   
Section 264, even where such entity's indebtedness is in no way connected to    
the Policy. In addition, under Section 264(f)(5), if a business (other than a   
sole proprietorship) is directly or indirectly a beneficiary of the Policy, the 
Policy could be treated as held by the business for purposes of the             
Section 264(f) entity-holder rules. Therefore, it would be advisable to consult 
with a qualified tax adviser before any non-natural person is made an Owner or  
holder of the Policy, or before a business (other than a sole proprietorship)   
is made a beneficiary of the Policy.                                            

SPLIT-DOLLAR ARRANGEMENTS. The IRS and the Treasury Department have recently    
issued guidance that substantially affects split-dollar arrangements. You should

consult a qualified tax adviser before entering into or paying additional       
premiums with respect to such arrangements.                                     

In addition, the Sarbanes-Oxley Act of 2002 (the "Act"), which was signed into  
law on July 30, 2002, prohibits, with limited exceptions, publicly-traded       
companies, including non-U.S. companies that have securities listed on U.S.     
exchanges, from extending directly or indirectly or through a subsidiary, many  
types of personal loans to their directors or executive officers. It is         
possible that this prohibition may be interpreted to apply to split-dollar life 
insurance arrangements for directors and executive officers of such companies,  
since such arrangements can arguably be viewed as involving a loan from the     
employer for at least some purposes.                                            

Any affected business contemplating the payments of a premium on an existing    
Policy or the purchase of a new Policy in connection with a split-dollar life   
insurance arrangement should consult legal counsel.                             

Split dollar plans that provide deferred compensation may be subject to         
recently enacted rules governing deferred compensation arrangements. Failure to 
adhere to these rules will result in adverse tax consequences. A tax adviser    
should be consulted with respect to such plans.                                 

ESTATE, GIFT AND GENERATION-SKIPPING TRANSFER TAXES. The transfer of the Policy 
or the designation of a beneficiary may have Federal, state, and/or local       
transfer and inheritance tax consequences, including the imposition of gift,    
estate, and generation-skipping transfer taxes. When the insured dies, the      
death proceeds will generally be includable in the Policy Owner's estate for    
purposes of the Federal estate tax if the Policy Owner was the insured,         
retained incidents of ownership at death, or made a gift transfer of the Policy 
within 3 years of death. If the Policy Owner was not the insured, the fair      
market value of the Policy would be included in the Policy Owner's estate upon  
the Policy Owner's death. The Policy would not be includable in the insured's   
estate if the insured neither retained incidents of ownership at death nor had  
given up ownership within three years before death.                             

Moreover, under certain circumstances, the Internal Revenue Code may impose a   
"generation-skipping transfer tax" when all or part of a life insurance policy  
is transferred to, or a death benefit is paid to, an individual two or more     
generations younger than the Policy Owner. Regulations issued under the         
Internal Revenue Code may require us to deduct the tax from your Policy, or     
from any applicable payment, and pay it directly to the IRS.                    

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Qualified tax advisers should be consulted concerning the estate and gift tax   
consequences of Policy ownership and distributions under Federal, state and     
local law. The individual situation of each Policy Owner or beneficiary will    
determine the extent, if any, to which Federal, state, and local transfer and   
inheritance taxes may be imposed and how ownership or receipt of Policy         
proceeds will be treated for purposes of Federal, state and local estate,       
inheritance, generation-skipping and other taxes.                               

Under previous law, the estate tax applicable exclusion gradually rose to $3.5  
million per person in 2009 and was repealed in 2010 with a modified carryover   
basis for heirs.                                                                

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 
2010 (the "2010 Act") has reinstated the estate and generation-skipping         
transfer taxes through the end of 2012 with lower top rates and larger          
exemptions.                                                                     

The 2010 Act raises the applicable exclusion amount to $5,000,000. The top tax  
rate is set at 35%. A special irrevocable election was provided for estates of  
decedents who died in 2010. These estates may generally choose between the      
reinstated estate tax and the carryover basis rules which were in effect in     
2010.                                                                           

It is not known if Congress will make the temporary changes of the 2010 Act     
permanent, enact permanent repeal of the estate and the generation-skipping     
transfer taxes or otherwise modify the estate tax or generation-skipping        
transfer tax rules for years after 2012. Absent Congressional action, the law   
governing estate, gift and generation-skipping transfer taxes will revert on    
January 1, 2013 to the law that was in place on June 7, 2001.                   

The complexity of the tax law, along with uncertainty as to how it might be     
modified in coming years, underscores the importance of seeking guidance from a 
qualified adviser to help ensure that your estate plan adequately addresses     
your needs and those of your beneficiaries under all possible scenarios.        

TAX CREDITS AND DEDUCTIONS                                                      

The Company may be entitled to certain tax benefits related to the assets of    
the Separate Account. These tax benefits, which may include foreign tax credits 
and corporate dividends received deductions, are not passed back to the         
Separate Account or to Policy Owners since the Company is the owner of the      
assets from which the tax benefits are derived.                                 

ALTERNATIVE MINIMUM TAX. There may also be an indirect tax on the income in the 
Policy or the proceeds of the Policy under the Federal corporate alternative    
minimum tax if the Owner is subject to that tax.                                

POSSIBLE TAX LAW CHANGES. Although the likelihood of legislative changes is     
uncertain, there is always the possibility that the tax treatment of the Policy 
could change by legislation or otherwise. Consult a tax adviser with respect to 
legislative developments and their effect on the Policy.                        

THE COMPANY'S INCOME TAXES. Under current Federal income tax law we are not     
taxed on the Separate Account's operations. Thus, currently we do not deduct a  
charge from the Separate Account for company Federal income taxes. (We do       
deduct a charge for Federal taxes from premiums.) We reserve the right to       
charge the Separate Account for any future Federal income taxes we may incur.   
Under current laws we may incur state and local taxes (in addition to premium   
taxes). These taxes are not now significant and we are not currently charging   
for them. If they increase, we may deduct charges for such taxes.               

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APPENDIX A                                                                      
PARTICIPATING INVESTMENT FUNDS                                                  
INVESTMENT OBJECTIVES                                                           

Below is a listing of the investment advisers and subadvisers, if any, and the  
investment objectives of each Investment Fund available under the policy. The   
fund prospectuses contain more complete information, including a description of 
the investment objectives, policies, restrictions and risks. THERE CAN BE NO    
ASSURANCE THAT THE INVESTMENT OBJECTIVES WILL BE ACHIEVED.                      
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)                 
(SERIES 1 SHARES):                                                              

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) is a mutual     
fund with multiple portfolios. Invesco Advisers, Inc. is the investment adviser 
to each portfolio. The following Series I portfolio is available under the      
policy:                                                                         

INVESCO V.I. INTERNATIONAL GROWTH FUND                                          

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1):                 

Franklin Templeton Variable Insurance Products Trust is a mutual fund with      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

TEMPLETON FOREIGN SECURITIES FUND                                               

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

MET INVESTORS SERIES TRUST (CLASS A):                                           

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. MetLife Advisers, LLC has engaged subadvisers   
to provide investment advice for the individual portfolios. Met Investors       
Series Trust is a mutual fund with multiple portfolios. The following Class A   
portfolios are available under the policy:                                      

CLARION GLOBAL REAL ESTATE PORTFOLIO                                            

SUBADVISER: CBRE Clarion Securities LLC (formerly ING Clarion Real Estate       
Securities LLC)                                                                 

INVESTMENT OBJECTIVE: Seeks total return through investment in real estate      
securities, emphasizing both capital appreciation and current income.           

INVESCO SMALL CAP GROWTH PORTFOLIO                                              

SUBADVISER: Invesco Advisers, Inc.                                              

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

LAZARD MID CAP PORTFOLIO                                                        

SUBADVISER: Lazard Asset Management LLC                                         

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

LEGG MASON CLEARBRIDGE AGGRESSIVE GROWTH PORTFOLIO                              

SUBADVISER: ClearBridge Advisors, LLC                                           

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

LORD ABBETT BOND DEBENTURE PORTFOLIO                                            

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks high current income and the opportunity for capital 
appreciation to produce a high total return.                                    

LORD ABBETT MID CAP VALUE PORTFOLIO                                             

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks capital appreciation through investments, primarily 
in equity securities, which are believed to be undervalued in the marketplace.  

MFS(R) EMERGING MARKETS EQUITY PORTFOLIO                                        

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

MFS(R) RESEARCH INTERNATIONAL PORTFOLIO                                         

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

MORGAN STANLEY MID CAP GROWTH PORTFOLIO                                         

SUBADVISER: Morgan Stanley Investment Management Inc.                           

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INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

PIMCO TOTAL RETURN PORTFOLIO                                                    

SUBADVISER: Pacific Investment Management Company LLC                           

INVESTMENT OBJECTIVE: Seeks maximum total return, consistent with the           
preservation of capital and prudent investment management.                      

T. ROWE PRICE LARGE CAP VALUE PORTFOLIO                                         

SUBADVISER: T. Rowe Price Associates, Inc./1/                                   

INVESTMENT OBJECTIVE: Seeks long-term capital appreciation by investing in      
common stocks believed to be undervalued. Income is a secondary objective.      

METROPOLITAN SERIES FUND (CLASS A):                                             

Metropolitan Series Fund is a mutual fund with multiple portfolios. MetLife     
Advisers, LLC is the investment adviser to the portfolios. MetLife Advisers,    
LLC has engaged subadvisers to provide investment advice for the individual     
portfolios. The following Class A portfolios are available under the policy:    

BLACKROCK BOND INCOME PORTFOLIO                                                 

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a competitive total return primarily from investing 
in fixed-income securities.                                                     

BLACKROCK MONEY MARKET PORTFOLIO                                                

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a high level of current income consistent with      
preservation of capital.                                                        

JENNISON GROWTH PORTFOLIO                                                       

SUBADVISER: Jennison Associates LLC                                             

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

T. ROWE PRICE LARGE CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long term growth of capital and, secondarily,       
dividend income.                                                                

T. ROWE PRICE SMALL CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

WESTERN ASSET MANAGEMENT STRATEGIC BOND OPPORTUNITIES PORTFOLIO                 

SUBADVISER: Western Asset Management Company                                    

INVESTMENT OBJECTIVE: Seeks to maximize total return consistent with            
preservation of capital.                                                        

PUTNAM VARIABLE TRUST (CLASS IA):                                               

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following portfolio is available under the policy:                              

PUTNAM VT MULTI-CAP GROWTH FUND                                                 

INVESTMENT OBJECTIVE: Seeks long-term capital appreciation.                     

DISCONTINUED INVESTMENT PORTFOLIOS. The following investment options are no     
longer available for allocations of premiums or transfers of cash value         
(excluding rebalancing and dollar cost averaging programs in existence at the   
time of closing): (a) DWS Variable Series II: DWS Government & Agency           
Securities VIP (Class A) (closed effective May 1, 2002); and (b) Metropolitan   
Series Fund: BlackRock Legacy Large Cap Growth Portfolio (Class A) (added and   
closed effective May 1, 2009).                                                  

Effective as of April 28, 2003, General American Money Market Fund was merged   
into the State Street Research Money Market Portfolio of Metropolitan Series    
Fund, Inc. and the following investment portfolios of the Met Investors Series  
Trust were merged: J.P. Morgan Enhanced Index Portfolio merged into the Lord    
Abbett Growth and Income Portfolio; J.P. Morgan International Equity Portfolio  
merged into the MFS(R) Research International Portfolio; and Lord Abbett        
Developing Growth Portfolio merged into the Lord Abbett Growth Opportunities    
Portfolio.                                                                      

Effective as of May 1, 2004, the following investment portfolios were replaced: 
(a) AIM Variable Insurance Funds: AIM V.I. Premier Equity Fund (Series I) was   
replaced with the Lord Abbett Growth and Income Portfolio (Class A) of Met      
Investors Series Trust ("MIST"); (b) AllianceBernstein Variable Products Series 
Fund, Inc.: AllianceBernstein Premier Growth Portfolio (Class A) was replaced   
with the Janus Aggressive Growth Portfolio (Class A) of MIST; (c) Franklin      
Templeton Variable Insurance Products Trust (Class 1): Franklin Small Cap Fund  
was replaced with the T. Rowe Price Small Cap                                   

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Growth Portfolio (Class A) of Metropolitan Series Fund, Inc. ("MSF"); and       
Mutual Shares Securities Fund was replaced with the Lord Abbett Growth and      
Income Portfolio (Class A) of MIST; (d) Goldman Sachs Variable Insurance Trust  
("GSVIT"): GSVIT Growth and Income Fund (closed effective March 1, 2002) was    
replaced with the Lord Abbett Growth and Income Fund (Class A) of MIST; and     
GSVIT International Equity Fund (closed effective March 1, 2002) was replaced   
with the MFS(R) Research International Portfolio (Class A) of MIST; (e) Liberty 
Variable Investments: the Newport Tiger Fund, Variable Series (Class A) (closed 
effective May 1, 2002) was replaced with the MFS(R) Research International      
Portfolio (Class A) of MIST; (f) MFS(R) Variable Insurance Trust (Initial       
Class): MFS(R) Research Series (closed effective May 1, 2003) was replaced with 
the Oppenheimer Capital Appreciation Portfolio (Class A) of MIST; MFS(R)        
Emerging Growth Series was replaced with the T. Rowe Price Large Cap Growth     
Portfolio (Class A) of MSF; and the MFS(R) Strategic Income Series was replaced 
with the Salomon Brothers Strategic Bond Opportunities Portfolio (Class A) of   
MSF; (g) Oppenheimer Variable Account Funds (Initial Class): Oppenheimer        
Strategic Bond Fund/VA was replaced with the PIMCO Total Return Portfolio       
(Class A) of MIST; Oppenheimer Main Street Fund/VA was replaced with the Lord   
Abbett Growth and Income Portfolio (Class A) of MIST; Oppenheimer High Income   
Fund/VA was replaced with the Lord Abbett Bond Debenture Portfolio (Class A) of 
MIST; Oppenheimer Bond Fund/VA was replaced with the State Street Research Bond 
Income Portfolio (Class A) of MSF; and (h) Putnam Variable Trust (Class IA):    
Putnam VT New Value Fund (closed effective May 1, 2003) was replaced with the   
Lord Abbett Growth and Income Fund (Class A) of MIST; and the Putnam VT         
International New Opportunities Fund (closed effective May 1, 2003) was         
replaced with the MFS(R) Research International Portfolio (Class A) of MIST.    

Effective as of November 22, 2004, the J.P. Morgan Quality Bond Portfolio       
(Class A) of the Met Investors Series Trust was merged into the PIMCO Total     
Return Portfolio (Class A) of the Met Investors Series Trust and the J.P.       
Morgan Select Equity Portfolio (Class A) of the Met Investors Series Trust was  
closed.                                                                         

Effective as of May 1, 2005, the following investment portfolios were replaced: 
(a) AllianceBernstein Variable Products Series Fund, Inc.: the                  
AllianceBernstein Real Estate Investment Portfolio (Class A) was replaced with  
the Neuberger Berman Real Estate Portfolio (Class A) of the Met Investors       
Series Trust; (b) MFS(R) Variable Insurance Trust: the MFS(R) High Income       
Series (Initial Class) was replaced with the Lord Abbett Bond Debenture         
Portfolio (Class A) of the Met Investors Series Trust, the MFS(R) Investors     
Trust Series (Initial Class) was replaced with the Oppenheimer Capital          
Appreciation Portfolio (Class A) of the Met Investors Series Trust and the MFS  
New Discovery Series (Initial Class) was replaced with the Met/AIM Small Cap    
Growth Portfolio of the Met Investors Series Trust; (c) Putnam Variable Trust:  
the Putnam VT International Equity Fund (Class IA) was replaced with the MFS    
Research International Portfolio (Class A) of the Met Investors Series Trust;   
(d) Oppenheimer Variable Account Funds: the Oppenheimer Capital Appreciation    
Fund/VA (Class A) (closed May 1, 2004) was replaced with the Oppenheimer        
Capital Appreciation Portfolio (Class A) of the Met Investors Series Trust.     

Effective as of April 30, 2007, the following investment portfolios were        
replaced: (a) AIM Variable Insurance Funds: AIM V.I. Capital Appreciation Fund  
(Series I) was replaced with the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series Trust; and (b) DWS Variable Series II: DWS Small 
Cap Growth VIP (Class A) was replaced with the T. Rowe Price Small Cap Growth   
Portfolio (Class A) of the Metropolitan Series Fund, Inc.                       

Effective as of April 30, 2007, the Met/Putnam Capital Opportunities Portfolio  
(Class A) of the Met Investors Series Trust was merged into the Lazard Mid-Cap  
Portfolio (Class A) of the Met Investors Series Trust.                          

Effective as of April 28, 2008, the Templeton Developing Markets Securities     
Fund (Class 1) of the Franklin Templeton Variable Insurance Products Trust was  
replaced with the MFS(R) Emerging Markets Equity Portfolio (Class A) of the Met 
Investors Series Trust.                                                         

Effective as of May 4, 2009, the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series Trust merged into the BlackRock Legacy Large Cap 
Growth Portfolio (Class A) of the Metropolitan Series Fund, Inc.                

Effective as of May 3, 2010, the Putnam VT Growth and Income Fund (Class IA) of 
the Putnam Variable Trust was replaced with the Lord Abbett Growth and Income   
Portfolio (Class A) of the Met Investors Series Trust.                          

Effective as of September 27, 2010, the Putnam VT Vista Fund (Class IA) of the  
Putnam Variable Trust merged into the Putnam VT Multi-Cap Growth Fund (Class    
IA) of the Putnam Variable Trust.                                               

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Effective as of April 30, 2012, the Oppenheimer Capital Appreciation Portfolio  
of the Met Investors Series Trust merged into the Jennison Growth Portfolio of  
the Metropolitan Series Fund.                                                   

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METLIFE INVESTORS INSURANCE COMPANY 

METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE 

SUPPLEMENT DATED MAY 1, 2011  
TO  
PROSPECTUSES DATED MAY 1, 2001 AND NOVEMBER 9, 2009 
(CUSTOM-SELECT FLEX VUL)  

This will supplement the prospectuses dated May 1, 2001 (as supplemented) and   
November 9, 2009 (as supplemented) for variable life insurance policies issued  
by Metlife Investors Variable Life Account One. The following information is    
provided with respect to the investment options available effective on and      
after May 1, 2011, under the Flexible Premium Variable Life Insurance Policy    
(the "Policy") issued by MetLife Investors Insurance Company.                   

The corresponding sections of the prospectus are supplemented or modified as    
follows:                                                                        

EXPENSES                                                                        

.. DEDUCTIONS FROM THE INVESTMENT FUNDS                                         

MORTALITY AND EXPENSE RISK CHARGE                                               

We are waiving an amount of the Mortality and Expense Risk Charge equal to the  
Investment Fund expenses that are in excess of 0.58% for cash value allocated   
to the T. Rowe Price Large Cap Value Portfolio.                                 

ANNUAL OPERATING EXPENSES                                                       
(as a percentage of average daily net assets)                                   

The following table describes the annual operating expenses for each Investment 
Fund for the year ended December 31, 2010, before and after any applicable      
contractual fee waivers and expense reimbursements:                             

                                                        [Enlarge/Download Table]

------------------------------------------------------------------------------------------------------------------------
                                                                                                 CONTRACTUAL            
                                                     DISTRIBUTION           ACQUIRED    TOTAL    FEE WAIVER   NET TOTAL 
                                                        AND/OR              FUND FEES  ANNUAL      AND/OR      ANNUAL   
                                         MANAGEMENT SERVICE(12B-1)  OTHER      AND    OPERATING    EXPENSE    OPERATING 
                                            FEE          FEES      EXPENSES EXPENSES  EXPENSES  REIMBURSEMENT EXPENSES  
------------------------------------------------------------------------------------------------------------------------
                                                                                                                        
AIM VARIABLE INSURANCE FUNDS                                                                                            
 (INVESCO VARIABLE INSURANCE                                                                                            
 FUNDS)--SERIES I                                                                                                       
------------------------------------------------------------------------------------------------------------------------
Invesco V.I. International Growth Fund      0.71%         --         0.33%      --      1.04%         --        1.04%   
------------------------------------------------------------------------------------------------------------------------
FRANKLIN TEMPLETON VARIABLE                                                                                             
 INSURANCE PRODUCTS TRUST--                                                                                             
 CLASS 1                                                                                                                
------------------------------------------------------------------------------------------------------------------------
Templeton Foreign Securities Fund           0.65%         --         0.14%    0.01%     0.80%       0.01%       0.79%/1/
------------------------------------------------------------------------------------------------------------------------
MET INVESTORS SERIES TRUST--                                                                                            
 CLASS A                                                                                                                
------------------------------------------------------------------------------------------------------------------------
Clarion Global Real Estate Portfolio        0.62%         --         0.07%      --      0.69%         --        0.69%   
------------------------------------------------------------------------------------------------------------------------
Invesco Small Cap Growth Portfolio          0.85%         --         0.04%      --      0.89%       0.02%       0.87%/2/
------------------------------------------------------------------------------------------------------------------------
Lazard Mid Cap Portfolio                    0.69%         --         0.04%      --      0.73%         --        0.73%   
------------------------------------------------------------------------------------------------------------------------
Legg Mason ClearBridge Aggressive                                                                                       
 Growth Portfolio                           0.64%         --         0.04%      --      0.68%         --        0.68%   
------------------------------------------------------------------------------------------------------------------------
Lord Abbett Bond Debenture Portfolio        0.50%         --         0.03%      --      0.53%         --        0.53%   
------------------------------------------------------------------------------------------------------------------------
Lord Abbett Mid Cap Value Portfolio         0.68%         --         0.07%      --      0.75%         --        0.75%   
------------------------------------------------------------------------------------------------------------------------
MFS(R) Emerging Markets Equity                                                                                          
Portfolio                                   0.94%         --         0.18%      --      1.12%         --        1.12%   
------------------------------------------------------------------------------------------------------------------------
MFS(R) Research International Portfolio     0.69%         --         0.09%      --      0.78%       0.03%       0.75%/3/
------------------------------------------------------------------------------------------------------------------------
Morgan Stanley Mid Cap Growth Portfolio     0.66%         --         0.14%      --      0.80%       0.02%       0.78%/4/
------------------------------------------------------------------------------------------------------------------------

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                                                        [Enlarge/Download Table]

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                                                                                                 CONTRACTUAL            
                                                      DISTRIBUTION           ACQUIRED   TOTAL    FEE WAIVER   NET TOTAL 
                                                         AND/OR                FUND    ANNUAL      AND/OR      ANNUAL   
                                          MANAGEMENT SERVICE(12B-1)  OTHER   FEES AND OPERATING    EXPENSE    OPERATING 
                                             FEE          FEES      EXPENSES EXPENSES EXPENSES  REIMBURSEMENT EXPENSES  
------------------------------------------------------------------------------------------------------------------------
                                                                                                                        
Oppenheimer Capital Appreciation                                                                                        
 Portfolio                                   0.60%         --         0.06%     --      0.66%         --        0.66%   
------------------------------------------------------------------------------------------------------------------------
PIMCO Total Return Portfolio                 0.48%         --         0.03%     --      0.51%         --        0.51%   
------------------------------------------------------------------------------------------------------------------------
T. Rowe Price Large Cap Value Portfolio      0.57%         --         0.02%     --      0.59%         --        0.59%/5/
------------------------------------------------------------------------------------------------------------------------
METROPOLITAN SERIES FUND, INC.--                                                                                        
 CLASS A                                                                                                                
------------------------------------------------------------------------------------------------------------------------
BlackRock Bond Income Portfolio              0.37%         --         0.03%     --      0.40%       0.03%       0.37%/6/
------------------------------------------------------------------------------------------------------------------------
BlackRock Money Market Portfolio             0.32%         --         0.02%     --      0.34%       0.01%       0.33%/7/
------------------------------------------------------------------------------------------------------------------------
T. Rowe Price Large Cap Growth Portfolio     0.60%         --         0.04%     --      0.64%         --        0.64%   
------------------------------------------------------------------------------------------------------------------------
T. Rowe Price Small Cap Growth Portfolio     0.50%         --         0.07%     --      0.57%         --        0.57%   
------------------------------------------------------------------------------------------------------------------------
Western Asset Management Strategic                                                                                      
 Bond Opportunities Portfolio                0.62%         --         0.05%     --      0.67%       0.04%       0.63%/8/
------------------------------------------------------------------------------------------------------------------------
PUTNAM VARIABLE TRUST--CLASS IA                                                                                         
------------------------------------------------------------------------------------------------------------------------
Putnam VT Multi-Cap Growth Fund              0.56%         --         0.19%     --      0.75%         --        0.75%   
------------------------------------------------------------------------------------------------------------------------

--------                                                                        
/1/The Fund's manager and administrator have agreed in advance to reduce their  
fees as a result of the Fund's investment in a Franklin Templeton money fund    
("Sweep Money Fund"). This reduction will continue until at least April 30,     
2012.                                                                           
/2/ MetLife Advisers, LLC has contractually agreed, for the period May 1, 2011  
through April 30, 2012, to reduce the Management Fee for each Class of the      
Portfolio to the annual rate of 0.83% of the Portfolio's average daily net      
assets from $250 million to $500 million. This arrangement may be modified or   
discontinued prior to April 30, 2012 only with the approval of the Board of     
Trustees of the Portfolio.                                                      
/3/ MetLife Advisers, LLC has contractually agreed, for the period May 1, 2011  
through April 30, 2012, to reduce the Management Fee for each Class of the      
Portfolio to the annual rate of 0.55% of the Portfolio's average daily net      
assets exceeding $1.5 billion. This arrangement may be modified or discontinued 
prior to April 30, 2012 only with the approval of the Board of Trustees of the  
Portfolio.                                                                      
/4/ MetLife Advisers, LLC has contractually agreed, for the period May 1, 2011  
through April 30, 2012, to reduce the Management Fee for each Class of the      
Portfolio to the annual rate of 0.65% of the first $500 million of the          
Portfolio's average daily net assets plus 0.625% of such assets over $500       
million. This arrangement may be modified or discontinued prior to April 30,    
2012 only with the approval of the Board of Trustees of the Portfolio.          
/5/ The Management Fee has been restated to reflect an amended advisory         
agreement, as if the fee had been in effect during the previous fiscal year.    
/6/ MetLife Advisers, LLC has contractually agreed, for the period May 1, 2011  
through April 30, 2012, to reduce the Management Fee for each Class of the      
Portfolio to the annual rate of 0.37% for the first $1 billion of the           
Portfolio's average daily net assets, 0.325% for the next $2.4 billion and      
0.25% on amounts over $3.4 billion. This arrangement may be modified or         
discontinued prior to April 30, 2012 only with the approval of the Board of     
Directors of the Portfolio.                                                     
/7/ MetLife Advisers, LLC has contractually agreed, for the period May 1, 2011  
through April 30, 2012, to reduce the Management Fee for each Class of the      
Portfolio to the annual rate of 0.325% for the first $1 billion of the          
Portfolio's average daily net assets. This arrangement may be modified or       
discontinued prior to April 30, 2012 only with the approval of the Board of     
Directors of the Portfolio.                                                     
/8/ MetLife Advisers, LLC has contractually agreed, for the period May 1, 2011  
through April 30, 2012, to reduce the Management Fee for each Class of the      
Portfolio to the annual rate of 0.595% for the first $500 million of the        
Portfolio's average daily net assets. This arrangement may be modified or       
discontinued prior to April 30, 2012 only with the approval of the Board of     
Directors of the Portfolio.                                                     

INVESTMENT FUNDS                                                                

The Policy offers the investment funds which are listed below. Appendix A       
contains a summary of investment objectives and subadvisers, if any, for each   
investment fund. Additional investment funds may be available in the future.    

YOU SHOULD READ THE PROSPECTUSES FOR THESE FUNDS CAREFULLY. YOU CAN OBTAIN      
COPIES OF THE FUND PROSPECTUSES BY CALLING US AT 1-800-638-9294. YOU CAN ALSO   
OBTAIN INFORMATION ABOUT THE FUNDS (INCLUDING A COPY OF THE STATEMENT OF        
ADDITIONAL INFORMATION) BY ACCESSING THE SECURITIES AND EXCHANGE COMMISSION'S   
WEBSITE AT HTTP://WWW.SEC.GOV.                                                  

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) (SERIES I       
SHARES)                                                                         

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) is a mutual     
fund with multiple portfolios. Invesco Advisers, Inc. is the investment adviser 
to each portfolio. The following Series I portfolio is available under the      
policy:                                                                         

Invesco V.I. International Growth Fund                                        

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1)                  

Franklin Templeton Variable Insurance Products Trust currently consists of      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

Templeton Foreign Securities Fund                                             

MET INVESTORS SERIES TRUST (CLASS A)                                            

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. Met Investors Series Trust is a mutual fund     
with multiple portfolios. MetLife Advisers, LLC has engaged subadvisers to      
provide investment advice for the individual investment                         

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portfolios. The following Class A portfolios are available under the policy:    

Clarion Global Real Estate Portfolio                                          
Invesco Small Cap Growth Portfolio                                            
Lazard Mid Cap Portfolio                                                      
Legg Mason ClearBridge Aggressive Growth Portfolio                            
Lord Abbett Bond Debenture Portfolio                                          
Lord Abbett Mid Cap Value Portfolio                                           
MFS(R) Emerging Markets Equity Portfolio                                      
MFS(R) Research International Portfolio                                       
Morgan Stanley Mid Cap Growth Portfolio                                       
Oppenheimer Capital Appreciation Portfolio                                    
PIMCO Total Return Portfolio                                                  
T. Rowe Price Large Cap Value Portfolio (formerly Lord Abbett Growth and      
Income Portfolio)                                                         

METROPOLITAN SERIES FUND, INC. (CLASS A)                                        

Metropolitan Series Fund, Inc. is a mutual fund with multiple portfolios.       
MetLife Advisers, LLC is the investment adviser to the portfolios. MetLife      
Advisers, LLC has engaged subadvisers to provide investment advice for the      
individual investment portfolios. The following Class A portfolios are          
available under the policy:                                                     

BlackRock Bond Income Portfolio                                               
BlackRock Money Market Portfolio                                              
T. Rowe Price Large Cap Growth Portfolio                                      
T. Rowe Price Small Cap Growth Portfolio                                      
Western Asset Management Strategic Bond Opportunities Portfolio               

PUTNAM VARIABLE TRUST (CLASS IA)                                                

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following Class IA portfolio is available under the policy:                     

Putnam VT Multi-Cap Growth Fund                                               

OTHER INFORMATION                                                               

DISTRIBUTOR                                                                     

The Financial Industry Regulatory Authority ("FINRA") provides background       
information about broker-dealers and their registered representatives through   
FINRA BrokerCheck. You may contact the FINRA BrokerCheck Hotline at             
1-800-289-9999, or log on to www.finra.org. An investor brochure that includes  
information describing FINRA BrokerCheck is available through the Hotline or    
on-line.                                                                        

FEDERAL TAX STATUS                                                              

NOTE: The following description is based upon our understanding of current      
Federal income tax law applicable to life insurance in general. We cannot       
predict the probability that any changes in such laws will be made. Purchasers  
are cautioned to seek competent tax advice regarding the possibility of such    
changes. Section 7702 of the Internal Revenue Code of 1986, as amended          
("Code"), defines the term "life insurance contract" for purposes of the Code.  
We believe that Single Life Policies issued on a standard underwriting basis    
should qualify as "life insurance contracts" under Section 7702. There is more  
uncertainty as to Single Life Policies issued on a substandard risk basis and   
Joint and Survivor Policies. We do not guarantee the tax status of the          
Policies. Purchasers bear the complete risk that the Policies may not be        
treated as a "life insurance contract" under Federal income tax laws.           
Purchasers should consult their own tax advisers. It should be further          
understood that the following discussion is not exhaustive and that special     
rules not described in this prospectus may be applicable in certain situations. 
In general, however, the insurance proceeds payable on the death of the Insured 
will never be less than the minimum amount required for the Policy to be        
treated as life insurance under section 7702 of the Internal Revenue Code, as   
in effect on the date the Policy was issued.                                    

INTRODUCTION. The discussion contained herein is general in nature and is not   
intended as tax advice. It does not purport to be complete or to address every  
situation. Each person concerned should consult a competent tax adviser. No     
attempt is made to consider any applicable state or other tax laws. Moreover,   
the discussion herein is based upon our understanding of current federal income 
tax laws as they are currently interpreted. No representation is made regarding 
the likelihood of continuation of those current federal income tax laws or of   
the current interpretations by the Internal Revenue Service.                    

IRS CIRCULAR 230 NOTICE: The tax information contained herein is not intended   
to (and cannot) be used by anyone to avoid IRS penalties. It is intended to     
support the sale of the Policy. The Policy Owner should seek tax advice based   
on the Policy Owner's particular circumstances from an independent tax adviser. 

We are taxed as a life insurance company under the Code. For federal income tax 
purposes, the Separate Account is not a separate entity from us and its         
operations form a part of us.                                                   

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DIVERSIFICATION. Section 817(h) of the Code imposes certain diversification     
standards on the underlying assets of variable life insurance policies. The     
Code provides that a variable life insurance policy will not be treated as life 
insurance for any period (and any subsequent period) for which the investments  
are not, in accordance with regulations prescribed by the United States         
Treasury Department ("Treasury Department"), adequately diversified.            
Disqualification of the Policy as a life insurance contract would result in     
imposition of federal income tax to the Owner with respect to earnings          
allocable to the Policy prior to the receipt of payments under the Policy. We   
intend that each Investment Fund underlying the Policies will be managed by the 
managers in such a manner as to comply with these diversification requirements. 
If Investment Fund shares are sold directly to tax-qualified retirement plans   
that later lose their tax-qualified status, or to non-qualified plans, there    
may be adverse consequences under the diversification rules.                    

INVESTOR CONTROL. In some circumstances, owners of variable contracts who       
retain excessive control over the investment of the underlying separate account 
assets may be treated as the owners of those assets. Although published         
guidance in this area does not address certain aspects of the Policies, we      
believe that the Owner of a Policy should not be treated as the owner of the    
Separate Account assets. We reserve the right to modify the Policies to bring   
them into conformity with applicable standards should such modification be      
necessary to prevent Owners of the Policies from being treated as the owners of 
the underlying Separate Account assets.                                         

TAX TREATMENT OF THE POLICY. The Policy has been designed to comply with the    
definition of life insurance contained in Section 7702 of the Code. Although    
some interim guidance has been provided and proposed regulations have been      
issued, final regulations have not been adopted. Section 7702 of the Code       
requires that the amount of mortality and other expense charges be reasonable.  
In establishing these charges, we have relied on interim IRS guidance.          
Currently, there is even less guidance as to Policies issued on a substandard   
risk basis and Joint and Last Survivor Policies. Moreover, if you elect the     
Accelerated Death Benefit Rider, the continued tax qualification of the Policy  
after a distribution is made under the rider is unclear.                        

While we have attempted to comply with Section 7702, the law in this area is    
very complex and unclear. There is a risk, therefore, that the Internal Revenue 
Service will not concur with our interpretations of Section 7702 that were made 
in determining such compliance. In the event the Policy is determined not to so 
comply, it would not qualify for the favorable tax treatment usually accorded   
life insurance policies. You should consult your own tax advisers with respect  
to the tax consequences of purchasing the Policy. The following discussion      
assumes that the Policy will satisfy Section 7702.                              

POLICY PROCEEDS. The tax treatment accorded to loan proceeds and/or surrender   
payments from the policies will depend on whether the Policy is considered to   
be a MEC. (See "Tax Treatment of Loans and Surrenders.") Otherwise, we believe  
that the Policy should receive the same Federal income tax treatment as any     
other type of life insurance. As such, the death benefit thereunder is          
generally excludable from the gross income of the Beneficiary to the extent     
provided in Section 101(a) of the Code. Also, you are not deemed to be in       
constructive receipt of the Cash Surrender Value, including increments thereon, 
under a Policy until there is a distribution of such amounts.                   

In the case of employer-owned life insurance as defined in Section 101(j), the  
amount of the death benefit excludable from gross income is limited to premiums 
paid unless the Policy falls within certain specified exceptions and a notice   
and consent requirement is satisfied before the Policy is issued. Certain       
specified exceptions are based on the status of an employee as highly           
compensated or recently employed. There are also exceptions for Policy proceeds 
paid to an employee's heirs. These exceptions only apply if proper notice is    
given to the insured employee and consent is received from the insured employee 
before the issuance of the Policy. These rules apply to Policies issued         
August 18, 2006 and later and also apply to policies issued before August 18,   
2006 after a material increase in the death benefit or other material change.   
An IRS reporting requirement applies to employer-owned life insurance subject   
to these rules. Because these rules are complex and will affect the tax         
treatment of death benefits, it is advisable to consult tax counsel. The death  
benefit will also be taxable in the case of a transfer-for-value unless certain 
exceptions apply.                                                               

Federal, state and local estate, inheritance and other tax consequences of      
ownership, or receipt of Policy proceeds, depend on the circumstances of each   
owner or Beneficiary.                                                           

TAX TREATMENT OF LOANS AND SURRENDERS. Section 7702A of the Code sets forth the 
rules for determining when a life insurance Policy will be deemed to            

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be a MEC. A MEC is a contract which is entered into or materially changed on or 
after June 21, 1988 and fails to meet the 7-pay test. A Policy fails to meet    
the 7-pay test when the cumulative amount paid under the Policy at any time     
during the first 7 Policy years exceeds the sum of the net level premiums which 
would have been paid on or before such time if the Policy provided for paid-up  
future benefits after the payment of seven (7) level annual premiums. A         
material change would include any increase in the future benefits or addition   
of qualified additional benefits provided under a Policy unless the increase is 
attributable to: (1) the payment of premiums necessary to fund the lowest death 
benefit and qualified additional benefits payable in the first seven Policy     
years; or (2) the crediting of interest or other earnings with respect to such  
premiums.                                                                       

Certain changes in a Policy after it is issued could also cause it to fail to   
satisfy the 7-pay test and therefore to be classified as a MEC. Making          
additional payments, reducing the Policy's death benefit, reducing the Policy's 
benefits through a partial withdrawal, a change in death benefit option, and    
termination of benefits under a rider are examples of changes that could result 
in your Policy becoming classified as a MEC. Reducing the death benefit below   
the lowest death benefit provided by the Policy during the first seven years    
will probably cause the Policy to be classified as a MEC if such a reduction    
occurs during the first seven Policy years in the case of a Single Life Policy  
or at any time in the case of a Joint and Last Survivor Policy. Even if these   
events do not result in a Policy becoming classified as a MEC, they could       
reduce the amount that may be paid in the future without causing the Policy to  
be classified as a MEC. You should consult a tax adviser to determine whether a 
Policy transaction will cause your Policy to be classified as a MEC.            

Furthermore, any Policy received in exchange for a Policy classified as a MEC   
will be treated as a MEC regardless of whether it meets the 7-pay test.         
However, an exchange under Section 1035 of the Code of a life insurance Policy  
entered into before June 21, 1988 for the Policy will not cause the Policy to   
be treated as a MEC if no additional premiums are paid.                         

Due to the flexible premium nature of the Policy, the determination of whether  
it qualifies for treatment as a MEC depends on the individual circumstances of  
each Policy.                                                                    

If the Policy is classified as a MEC, then any distribution (including the      
proceeds of any loan) is taxable to the extent of income in the Policy.         
Distributions are deemed to be on a last-in, first-out basis, which means the   
taxable income is distributed first. Distributions, including those resulting   
from surrender or lapse of the Policy, may also be subject to an additional 10% 
federal income tax penalty applied to the income portion of such distribution.  
The penalty shall not apply, however, to any distributions: (1) made on or      
after the date on which the taxpayer reaches age 59 1/2; (2) which is           
attributable to the taxpayer becoming disabled (within the meaning of           
Section 72(m)(7) of the Code); or (3) which is part of a series of              
substantially equal periodic payments made not less frequently than annually    
for the life (or life expectancy) of the taxpayer or the joint lives (or joint  
life expectancies) of such taxpayer and his beneficiary.                        

If a Policy becomes a MEC, distributions that occur during the Policy year will 
be taxed as distributions from a MEC. In addition, distributions from a Policy  
within two years before it becomes a MEC will be taxed in this manner. This     
means that a distribution made from a Policy that is not a MEC could later      
become taxable as a distribution from a MEC.                                    

If a Policy is not classified as a MEC, then any surrenders shall be treated    
first as a recovery of the investment in the Policy which would not be received 
as taxable income. However, if a distribution is the result of a reduction in   
benefits under the Policy within the first fifteen years after the Policy is    
issued in order to comply with Section 7702, such distribution will, under      
rules set forth in Section 7702, be taxed as ordinary income to the extent of   
income in the Policy.                                                           

Loans from a Policy which is not classified as a MEC, will generally be treated 
as Indebtedness of the Owner and not a distribution. However, there is          
uncertainty as to loans from such a Policy after the 10th Policy year and you   
should consult a tax adviser as to the treatment of such loans.                 

If your Policy is surrendered, cancelled, lapses, or is exchanged while any     
Policy loan is outstanding, the amount of the Policy loan plus accrued interest 
will be deemed to be distributed to you and could be partly or wholly taxable,  
depending on your particular circumstances. Cash distributed to you from the    
Policy in these circumstances may be insufficient to pay the tax attributable   
to any Policy loan.                                                             

Interest payable on a loan under a Policy is generally not deductible.          

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Policyowners should seek competent tax advice on the tax consequences of taking 
loans, distributions, exchanging or surrendering any Policy.                    

MULTIPLE POLICIES. The Code further provides that multiple MECs that are issued 
within a calendar year period to the same owner by one company or its           
affiliates are treated as one MEC for purposes of determining the taxable       
portion of any loans or distributions. Such treatment may result in adverse tax 
consequences including more rapid taxation of the loans or distributed amounts  
from such combination of policies. You should consult a tax adviser prior to    
purchasing more than one MEC in any calendar year period.                       

CONTINUATION OF POLICY BEYOND AGE 100. The tax consequences of continuing the   
Policy beyond the Insured's 100th birthday (or the younger Insured's 100th      
birthday with respect to the Joint and Last Survivor Policy) are unclear. You   
should consult a tax adviser if you intend to keep the Policy in force beyond   
the Insured's 100th birthday (or the younger Insured's 100th birthday with      
respect to the Joint and Last Survivor Policy).                                 

TAX TREATMENT OF POLICY SPLIT. The Split Policy Option Rider and the Divorce    
Split Rider permit a Policy to be split into two individual Policies. In        
general exercising either the Policy Split Rider or the Divorce Split Rider     
will be treated as a taxable transaction. It is not clear whether the           
individual Policies that result will be classified as Modified Endowment        
Contracts. A tax adviser should be consulted before exercising either rider.    

TAX TREATMENT OF ASSIGNMENTS. An assignment of a Policy or the change of        
ownership of a Policy may be a taxable event. You should therefore consult a    
competent tax adviser should you wish to assign or change the owner of your     
Policy.                                                                         

QUALIFIED PLANS. The Policies may be used in conjunction with certain Qualified 
Plans. Because the rules governing such use are complex and the amount of life  
insurance provided in connection with such plans may be limited, you should not 
do so until you have consulted a competent Qualified Plans consultant.          

INCOME TAX WITHHOLDING. All distributions or the portion thereof which is       
includible in gross income of the Policy owner are subject to Federal income    
tax withholding. However, in most cases you may elect not to have taxes         
withheld. You may be required to pay penalties under the estimated tax rules,   
if withholding and estimated tax payments are insufficient.                     

LIFE INSURANCE PURCHASES BY NONRESIDENT ALIENS AND FOREIGN CORPORATIONS. Policy 
Owners that are not U.S. citizens or residents will generally be subject to     
U.S. Federal withholding tax on taxable distributions from life insurance       
policies at a 30% rate, unless a lower treaty rate applies. In addition, Policy 
Owners may be subject to state and/or municipal taxes and taxes that may be     
imposed by the Policy Owner's country of citizenship or residence. Prospective  
purchasers are advised to consult with a qualified tax adviser regarding        
taxation with respect to a purchase of the Policy.                              

BUSINESS USES OF POLICY. Businesses can use the Policies in various             
arrangements, including nonqualified deferred compensation or salary            
continuance plans, split dollar insurance plans, executive bonus plans, tax     
exempt and nonexempt welfare benefit plans, retiree medical benefit plans and   
others. The tax consequences of such plans may vary depending on the particular 
facts and circumstances. If you are purchasing the Policy for any arrangement   
the value of which depends in part on its tax consequences, you should consult  
a qualified tax adviser. In the case of a business-owned Policy, the provisions 
of Section 101(j) of the Code may limit the amount of the death benefit         
excludable from gross income unless a specified exception applies and a notice  
and consent requirement is satisfied, as discussed above. In recent years,      
moreover, Congress has adopted new rules relating to life insurance owned by    
businesses. Any business contemplating the purchase of a new Policy or a change 
in an existing Policy should consult a tax adviser.                             

NON-INDIVIDUAL OWNERS AND BUSINESS BENEFICIARIES OF POLICIES. Ownership of the  
Policy by a corporation, trust or other non-natural person could jeopardize     
some (or all) of such entity's interest deduction under Internal Revenue Code   
Section 264, even where such entity's indebtedness is in no way connected to    
the Policy. In addition, under Section 264(f)(5), if a business (other than a   
sole proprietorship) is directly or indirectly a beneficiary of the Policy, the 
Policy could be treated as held by the business for purposes of the             
Section 264(f) entity-holder rules. Therefore, it would be advisable to consult 
with a qualified tax adviser before any non-natural person is made an Owner or  
holder of the Policy, or before a business (other than a sole proprietorship)   
is made a beneficiary of the Policy.                                            

SPLIT-DOLLAR ARRANGEMENTS. The IRS and the Treasury Department have recently    
issued guidance that substantially affects split-dollar arrangements. You should

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consult a qualified tax adviser before entering into or paying additional       
premiums with respect to such arrangements.                                     

In addition, the Sarbanes-Oxley Act of 2002 (the "Act"), which was signed into  
law on July 30, 2002, prohibits, with limited exceptions, publicly-traded       
companies, including non-U.S. companies that have securities listed on U.S.     
exchanges, from extending directly or indirectly or through a subsidiary, many  
types of personal loans to their directors or executive officers. It is         
possible that this prohibition may be interpreted to apply to split-dollar life 
insurance arrangements for directors and executive officers of such companies,  
since such arrangements can arguably be viewed as involving a loan from the     
employer for at least some purposes.                                            

Any affected business contemplating the payments of a premium on an existing    
Policy or the purchase of a new Policy in connection with a split-dollar life   
insurance arrangement should consult legal counsel.                             

Split dollar plans that provide deferred compensation may be subject to         
recently enacted rules governing deferred compensation arrangements. Failure to 
adhere to these rules will result in adverse tax consequences. A tax adviser    
should be consulted with respect to such plans.                                 

ESTATE, GIFT AND GENERATION-SKIPPING TRANSFER TAXES. The transfer of the Policy 
or the designation of a beneficiary may have Federal, state, and/or local       
transfer and inheritance tax consequences, including the imposition of gift,    
estate, and generation-skipping transfer taxes. When the insured dies, the      
death proceeds will generally be includable in the Policy Owner's estate for    
purposes of the Federal estate tax if the Policy Owner was the insured. If the  
Policy Owner was not the insured, the fair market value of the Policy would be  
included in the Policy Owner's estate upon the Policy Owner's death. The Policy 
would not be includable in the insured's estate if the insured neither retained 
incidents of ownership at death nor had given up ownership within three years   
before death.                                                                   

Moreover, under certain circumstances, the Internal Revenue Code may impose a   
"generation-skipping transfer tax" when all or part of a life insurance policy  
is transferred to, or a death benefit is paid to, an individual two or more     
generations younger than the Policy Owner. Regulations issued under the         
Internal Revenue Code may require us to deduct the tax from your Policy, or     
from any applicable payment, and pay it directly to the IRS.                    

Qualified tax advisers should be consulted concerning the estate and gift tax   
consequences of Policy ownership and distributions under Federal, state and     
local law. The individual situation of each Policy Owner or beneficiary will    
determine the extent, if any, to which Federal, state, and local transfer and   
inheritance taxes may be imposed and how ownership or receipt of Policy         
proceeds will be treated for purposes of Federal, state and local estate,       
inheritance, generation-skipping and other taxes.                               

Under previous law, the estate tax applicable exclusion gradually rose to $3.5  
million per person in 2009 and was repealed in 2010 with a modified carryover   
basis for heirs.                                                                

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 
2010 (the "2010 Act") has reinstated the estate and generation-skipping         
transfer taxes through the end of 2012 with lower top rates and larger          
exemptions.                                                                     

The 2010 Act raises the applicable exclusion amount to $5,000,000. The top tax  
rate is set at 35%. A special irrevocable election was provided for estates of  
decedents who died in 2010. These estates may generally choose between the      
reinstated estate tax and the carryover basis rules which were in effect in     
2010.                                                                           

It is not known if Congress will make the temporary changes of the 2010 Act     
permanent, enact permanent repeal of the estate and the generation-skipping     
transfer taxes or otherwise modify the estate tax or generation-skipping        
transfer tax rules for years after 2012.                                        

The complexity of the tax law, along with uncertainty as to how it might be     
modified in coming years, underscores the importance of seeking guidance from a 
qualified adviser to help ensure that your estate plan adequately addresses     
your needs and those of your beneficiaries under all possible scenarios.        

TAX CREDITS AND DEDUCTIONS                                                      

The Company may be entitled to certain tax benefits related to the assets of    
the Separate Account. These tax benefits, which may include foreign tax credits 
and corporate dividends received deductions, are not passed back to the         
Separate Account or to Policy Owners since the Company is the owner of the      
assets from which the tax benefits are derived.                                 

ALTERNATIVE MINIMUM TAX. There may also be an indirect tax on the income in the 
Policy or the proceeds of the Policy under the Federal corporate alternative    
minimum tax if the Owner is subject to that tax.                                

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POSSIBLE TAX LAW CHANGES. Although the likelihood of legislative changes is     
uncertain, there is always the possibility that the tax treatment of the Policy 
could change by legislation or otherwise. Consult a tax adviser with respect to 
legislative developments and their effect on the Policy.                        

THE COMPANY'S INCOME TAXES. Under current Federal income tax law we are not     
taxed on the Separate Account's operations. Thus, currently we do not deduct a  
charge from the Separate Account for company Federal income taxes. (We do       
deduct a charge for Federal taxes from premiums.) We reserve the right to       
charge the Separate Account for any future Federal income taxes we may incur.   
Under current laws we may incur state and local taxes (in addition to premium   
taxes). These taxes are not now significant and we are not currently charging   
for them. If they increase, we may deduct charges for such taxes.               

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APPENDIX A                                                                      
PARTICIPATING INVESTMENT FUNDS                                                  
INVESTMENT OBJECTIVES                                                           

Below is a listing of the investment advisers and subadvisers, if any, and the  
investment objectives of each investment fund available under the policy. The   
fund prospectuses contain more complete information, including a description of 
the investment objectives, policies, restrictions and risks. THERE CAN BE NO    
ASSURANCE THAT THE INVESTMENT OBJECTIVES WILL BE ACHIEVED.                      
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)                 
(SERIES 1 SHARES):                                                              

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) is a mutual     
fund with multiple portfolios. Invesco Advisers, Inc. is the investment adviser 
to each portfolio. The following Series I portfolio is available under the      
policy:                                                                         

INVESCO V.I. INTERNATIONAL GROWTH FUND                                          

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1):                 

Franklin Templeton Variable Insurance Products Trust is a mutual fund with      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

TEMPLETON FOREIGN SECURITIES FUND                                               

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

MET INVESTORS SERIES TRUST (CLASS A):                                           

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. MetLife Advisers, LLC has engaged subadvisers   
to provide investment advice for the individual portfolios. Met Investors       
Series Trust is a mutual fund with multiple portfolios. The following Class A   
portfolios are available under the policy:                                      

CLARION GLOBAL REAL ESTATE PORTFOLIO                                            

SUBADVISER: ING Clarion Real Estate Securities LLC                              

INVESTMENT OBJECTIVE: Seeks total return through investment in real estate      
securities, emphasizing both capital appreciation and current income.           

INVESCO SMALL CAP GROWTH PORTFOLIO                                              

SUBADVISER: Invesco Advisers, Inc.                                              

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

LAZARD MID CAP PORTFOLIO                                                        

SUBADVISER: Lazard Asset Management LLC                                         

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

LEGG MASON CLEARBRIDGE AGGRESSIVE GROWTH PORTFOLIO                              

SUBADVISER: ClearBridge Advisors, LLC                                           

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

LORD ABBETT BOND DEBENTURE PORTFOLIO                                            

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks high current income and the opportunity for capital 
appreciation to produce a high total return.                                    

LORD ABBETT MID CAP VALUE PORTFOLIO                                             

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks capital appreciation through investments, primarily 
in equity securities, which are believed to be undervalued in the marketplace.  

MFS(R) EMERGING MARKETS EQUITY PORTFOLIO                                        

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

MFS(R) RESEARCH INTERNATIONAL PORTFOLIO                                         

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

MORGAN STANLEY MID CAP GROWTH PORTFOLIO                                         

SUBADVISER: Morgan Stanley Investment Management Inc.                           

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INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

OPPENHEIMER CAPITAL APPRECIATION PORTFOLIO                                      

SUBADVISER: OppenheimerFunds, Inc.                                              

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

PIMCO TOTAL RETURN PORTFOLIO                                                    

SUBADVISER: Pacific Investment Management Company LLC                           

INVESTMENT OBJECTIVE: Seeks maximum total return, consistent with the           
preservation of capital and prudent investment management.                      

T. ROWE PRICE LARGE CAP VALUE PORTFOLIO                                         

SUBADVISER: T. Rowe Price Associates, Inc./1/                                   

INVESTMENT OBJECTIVE: Seeks long-term capital appreciation by investing in      
common stocks believed to be undervalued. Income is a secondary objective.      

METROPOLITAN SERIES FUND, INC. (CLASS A):                                       

Metropolitan Series Fund, Inc. is a mutual fund with multiple portfolios.       
MetLife Advisers, LLC is the investment adviser to the portfolios. MetLife      
Advisers, LLC has engaged subadvisers to provide investment advice for the      
individual portfolios. The following Class A portfolios are available under the 
policy:                                                                         

BLACKROCK BOND INCOME PORTFOLIO                                                 

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a competitive total return primarily from investing 
in fixed-income securities.                                                     

BLACKROCK MONEY MARKET PORTFOLIO                                                

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a high level of current income consistent with      
preservation of capital.                                                        

T. ROWE PRICE LARGE CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long term growth of capital and, secondarily,       
dividend income.                                                                

T. ROWE PRICE SMALL CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

WESTERN ASSET MANAGEMENT STRATEGIC BOND OPPORTUNITIES PORTFOLIO                 

SUBADVISER: Western Asset Management Company                                    

INVESTMENT OBJECTIVE: Seeks to maximize total return consistent with            
preservation of capital.                                                        

PUTNAM VARIABLE TRUST (CLASS IA):                                               

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following portfolio is available under the policy:                              

PUTNAM VT MULTI-CAP GROWTH FUND                                                 

INVESTMENT OBJECTIVE: Seeks long-term capital appreciation.                     

DISCONTINUED INVESTMENT PORTFOLIOS. The following investment options are no     
longer available for allocations of premiums or transfers of cash value         
(excluding rebalancing and dollar cost averaging programs in existence at the   
time of closing): (a) DWS Variable Series II: DWS Government & Agency           
Securities VIP (Class A) (closed effective May 1, 2002); and (b) Metropolitan   
Series Fund, Inc.: BlackRock Legacy Large Cap Growth Portfolio (Class A) (added 
and closed effective May 1, 2009).                                              

Effective as of April 28, 2003, General American Money Market Fund was merged   
into the State Street Research Money Market Portfolio of Metropolitan Series    
Fund, Inc. and the following investment portfolios of the Met Investors Series  
Trust were merged: J.P. Morgan Enhanced Index Portfolio merged into the Lord    
Abbett Growth and Income Portfolio; J.P. Morgan International Equity Portfolio  
merged into the MFS(R) Research International Portfolio; and Lord Abbett        
Developing Growth Portfolio merged into the Lord Abbett Growth Opportunities    
Portfolio.                                                                      

Effective as of May 1, 2004, the following investment portfolios were replaced: 
(a) AIM Variable Insurance Funds: AIM V.I. Premier Equity Fund (Series I) was   
replaced with the Lord Abbett Growth and Income                                 

/1/  Prior to May 1, 2011, Lord Abbett & Co. LLC was the subadviser to the      
Portfolio.                                                            

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Portfolio (Class A) of Met Investors Series Trust ("MIST"); (b)                 
AllianceBernstein Variable Products Series Fund, Inc.: AllianceBernstein        
Premier Growth Portfolio (Class A) was replaced with the Janus Aggressive       
Growth Portfolio (Class A) of MIST; (c) Franklin Templeton Variable Insurance   
Products Trust (Class 1): Franklin Small Cap Fund was replaced with the T. Rowe 
Price Small Cap Growth Portfolio (Class A) of Metropolitan Series Fund, Inc.    
("MSF"); and Mutual Shares Securities Fund was replaced with the Lord Abbett    
Growth and Income Portfolio (Class A) of MIST; (d) Goldman Sachs Variable       
Insurance Trust ("GSVIT"): GSVIT Growth and Income Fund (closed effective March 
1, 2002) was replaced with the Lord Abbett Growth and Income Fund (Class A) of  
MIST; and GSVIT International Equity Fund (closed effective March 1, 2002) was  
replaced with the MFS(R) Research International Portfolio (Class A) of MIST;    
(e) Liberty Variable Investments: the Newport Tiger Fund, Variable Series       
(Class A) (closed effective May 1, 2002) was replaced with the MFS(R) Research  
International Portfolio (Class A) of MIST; (f) MFS(R) Variable Insurance Trust  
(Initial Class): MFS(R) Research Series (closed effective May 1, 2003) was      
replaced with the Oppenheimer Capital Appreciation Portfolio (Class A) of MIST; 
MFS(R) Emerging Growth Series was replaced with the T. Rowe Price Large Cap     
Growth Portfolio (Class A) of MSF; and the MFS(R) Strategic Income Series was   
replaced with the Salomon Brothers Strategic Bond Opportunities Portfolio       
(Class A) of MSF; (g) Oppenheimer Variable Account Funds (Initial Class):       
Oppenheimer Strategic Bond Fund/VA was replaced with the PIMCO Total Return     
Portfolio (Class A) of MIST; Oppenheimer Main Street Fund/VA was replaced with  
the Lord Abbett Growth and Income Portfolio (Class A) of MIST; Oppenheimer High 
Income Fund/VA was replaced with the Lord Abbett Bond Debenture Portfolio       
(Class A) of MIST; Oppenheimer Bond Fund/VA was replaced with the State Street  
Research Bond Income Portfolio (Class A) of MSF; and (h) Putnam Variable Trust  
(Class IA): Putnam VT New Value Fund (closed effective May 1, 2003) was         
replaced with the Lord Abbett Growth and Income Fund (Class A) of MIST; and the 
Putnam VT International New Opportunities Fund (closed effective May 1, 2003)   
was replaced with the MFS(R) Research International Portfolio (Class A) of MIST.

Effective as of November 22, 2004, the J.P. Morgan Quality Bond Portfolio       
(Class A) of the Met Investors Series Trust was merged into the PIMCO Total     
Return Portfolio (Class A) of the Met Investors Series Trust and the J.P.       
Morgan Select Equity Portfolio (Class A) of the Met Investors Series Trust was  
closed.                                                                         

Effective as of May 1, 2005, the following investment portfolios were replaced: 
(a) AllianceBernstein Variable Products Series Fund, Inc.: the                  
AllianceBernstein Real Estate Investment Portfolio (Class A) was replaced with  
the Neuberger Berman Real Estate Portfolio (Class A) of the Met Investors       
Series Trust; (b) MFS(R) Variable Insurance Trust: the MFS(R) High Income       
Series (Initial Class) was replaced with the Lord Abbett Bond Debenture         
Portfolio (Class A) of the Met Investors Series Trust, the MFS(R) Investors     
Trust Series (Initial Class) was replaced with the Oppenheimer Capital          
Appreciation Portfolio (Class A) of the Met Investors Series Trust and the MFS  
New Discovery Series (Initial Class) was replaced with the Met/AIM Small Cap    
Growth Portfolio of the Met Investors Series Trust; (c) Putnam Variable Trust:  
the Putnam VT International Equity Fund (Class IA) was replaced with the MFS    
Research International Portfolio (Class A) of the Met Investors Series Trust;   
(d) Oppenheimer Variable Account Funds: the Oppenheimer Capital Appreciation    
Fund/VA (Class A) (closed May 1, 2004) was replaced with the Oppenheimer        
Capital Appreciation Portfolio (Class A) of the Met Investors Series Trust.     

Effective as of April 30, 2007, the following investment portfolios were        
replaced: (a) AIM Variable Insurance Funds: AIM V.I. Capital Appreciation Fund  
(Series I) was replaced with the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series Trust; and (b) DWS Variable Series II: DWS Small 
Cap Growth VIP (Class A) was replaced with the T. Rowe Price Small Cap Growth   
Portfolio (Class A) of the Metropolitan Series Fund, Inc.                       

Effective as of April 30, 2007, the Met/Putnam Capital Opportunities Portfolio  
(Class A) of the Met Investors Series Trust was merged into the Lazard Mid-Cap  
Portfolio (Class A) of the Met Investors Series Trust.                          

Effective as of April 28, 2008, the Templeton Developing Markets Securities     
Fund (Class 1) of the Franklin Templeton Variable Insurance Products Trust was  
replaced with the MFS(R) Emerging Markets Equity Portfolio (Class A) of the Met 
Investors Series Trust.                                                         

Effective as of May 4, 2009, the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series Trust merged into the BlackRock Legacy Large Cap 
Growth Portfolio (Class A) of the Metropolitan Series Fund, Inc.                

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Effective as of May 3, 2010, the Putnam VT Growth and Income Fund (Class IA) of 
the Putnam Variable Trust was replaced with the Lord Abbett Growth and Income   
Portfolio (Class A) of the Met Investors Series Trust.                          

Effective as of September 27, 2010, the Putnam VT Vista Fund (Class IA) of the  
Putnam Variable Trust merged into the Putnam VT Multi-Cap Growth Fund (Class    
IA) of the Putnam Variable Trust.                                               

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METLIFE INVESTORS INSURANCE COMPANY 

METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE 

SUPPLEMENT DATED MAY 1, 2010  
TO  
PROSPECTUSES DATED MAY 1, 2001 AND NOVEMBER 9, 2009 
(CUSTOM-SELECT FLEX VUL)  

This will supplement the prospectuses dated May 1, 2001 (as supplemented) and   
November 9, 2009 (as supplemented) for variable life insurance policies issued  
by Metlife Investors Variable Life Account One. The following information is    
provided with respect to the investment options available effective on and      
after May 1, 2010, under the Flexible Premium Variable Life Insurance Policy    
(the "Policy") issued by MetLife Investors Insurance Company.                   

The corresponding sections of the prospectus are supplemented or modified as    
follows:                                                                        

EXPENSES                                                                        

.. DEDUCTIONS FROM THE INVESTMENT FUNDS                                         

MORTALITY AND EXPENSE RISK CHARGE                                               

We are waiving an amount of the Mortality and Expense Risk Charge equal to the  
Investment Fund expenses that are in excess of 0.58% for cash value allocated   
to the Lord Abbett Growth and Income Portfolio.                                 

ANNUAL OPERATING EXPENSES                                                       
(as a percentage of average daily net assets)                                   

The following table describes the annual operating expenses for each Investment 
Fund for the year ended December 31, 2009, before and after any applicable      
contractual fee waivers and expense reimbursements:                             

                                                        [Enlarge/Download Table]

------------------------------------------------------------------------------------------------------------------------
                                                                                                 CONTRACTUAL            
                                                    DISTRIBUTION            ACQUIRED    TOTAL    FEE WAIVER   NET TOTAL 
                                                       AND/OR               FUND FEES  ANNUAL      AND/OR       ANNUAL  
                                        MANAGEMENT SERVICE (12B-1)  OTHER      AND    OPERATING    EXPENSE    OPERATING 
                                           FEE          FEES       EXPENSES EXPENSES* EXPENSES  REIMBURSEMENT EXPENSES**
------------------------------------------------------------------------------------------------------------------------
                                                                                                                        
AIM VARIABLE INSURANCE FUNDS                                                                                            
 (INVESCO VARIABLE INSURANCE                                                                                            
 FUNDS)--SERIES I                                                                                                       
------------------------------------------------------------------------------------------------------------------------
Invesco V.I. International Growth Fund    0.71%          --         0.33%     0.02%     1.06%          --       1.06%   
------------------------------------------------------------------------------------------------------------------------
FRANKLIN TEMPLETON VARIABLE                                                                                             
 INSURANCE PRODUCTS TRUST--                                                                                             
 CLASS 1                                                                                                                
------------------------------------------------------------------------------------------------------------------------
Templeton Foreign Securities Fund         0.64%          --         0.15%     0.02%     0.81%       0.01%       0.80%/1/
------------------------------------------------------------------------------------------------------------------------
MET INVESTORS SERIES TRUST--                                                                                            
 CLASS A                                                                                                                
------------------------------------------------------------------------------------------------------------------------
Clarion Global Real Estate Portfolio      0.64%          --         0.09%        --     0.73%          --       0.73%   
------------------------------------------------------------------------------------------------------------------------
Invesco Small Cap Growth Portfolio        0.86%          --         0.04%        --     0.90%          --       0.90%   
------------------------------------------------------------------------------------------------------------------------
Lazard Mid Cap Portfolio                  0.70%          --         0.04%        --     0.74%          --       0.74%   
------------------------------------------------------------------------------------------------------------------------
Legg Mason ClearBridge Aggressive                                                                                       
 Growth Portfolio                         0.64%          --         0.03%        --     0.67%          --       0.67%   
------------------------------------------------------------------------------------------------------------------------
Lord Abbett Bond Debenture Portfolio      0.51%          --         0.04%        --     0.55%          --       0.55%   
------------------------------------------------------------------------------------------------------------------------
Lord Abbett Growth and Income                                                                                           
 Portfolio                                0.53%          --         0.03%        --     0.56%          --       0.56%   
------------------------------------------------------------------------------------------------------------------------
Lord Abbett Mid Cap Value Portfolio       0.68%          --         0.08%        --     0.76%          --       0.76%   
------------------------------------------------------------------------------------------------------------------------
MFS(R) Emerging Markets Equity                                                                                          
 Portfolio                                0.99%          --         0.18%        --     1.17%          --       1.17%   
------------------------------------------------------------------------------------------------------------------------

SUPP-510 VUL                           1                                        

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                                                        [Enlarge/Download Table]

-------------------------------------------------------------------------------------------------------------------------
                                                                                                  CONTRACTUAL            
                                                     DISTRIBUTION            ACQUIRED    TOTAL    FEE WAIVER   NET TOTAL 
                                                        AND/OR               FUND FEES  ANNUAL      AND/OR       ANNUAL  
                                         MANAGEMENT SERVICE (12B-1)  OTHER      AND    OPERATING    EXPENSE    OPERATING 
                                            FEE          FEES       EXPENSES EXPENSES* EXPENSES  REIMBURSEMENT EXPENSES**
-------------------------------------------------------------------------------------------------------------------------
                                                                                                                         
MFS(R) Research International Portfolio    0.71%          --         0.10%        --     0.81%          --       0.81%   
-------------------------------------------------------------------------------------------------------------------------
Morgan Stanley Mid Cap Growth                                                                                            
 Portfolio                                 0.70%          --         0.20%        --     0.90%          --       0.90%   
-------------------------------------------------------------------------------------------------------------------------
Oppenheimer Capital Appreciation                                                                                         
 Portfolio                                 0.60%          --         0.07%        --     0.67%          --       0.67%   
-------------------------------------------------------------------------------------------------------------------------
PIMCO Total Return Portfolio               0.48%          --         0.04%        --     0.52%          --       0.52%   
-------------------------------------------------------------------------------------------------------------------------
METROPOLITAN SERIES FUND, INC.--                                                                                         
 CLASS A                                                                                                                 
-------------------------------------------------------------------------------------------------------------------------
BlackRock Bond Income Portfolio            0.38%          --         0.05%        --     0.43%       0.03%       0.40%/2/
-------------------------------------------------------------------------------------------------------------------------
BlackRock Money Market Portfolio           0.32%          --         0.02%        --     0.34%       0.01%       0.33%/3/
-------------------------------------------------------------------------------------------------------------------------
T. Rowe Price Large Cap Growth                                                                                           
 Portfolio                                 0.60%          --         0.07%        --     0.67%          --       0.67%   
-------------------------------------------------------------------------------------------------------------------------
T. Rowe Price Small Cap Growth                                                                                           
 Portfolio                                 0.51%          --         0.11%        --     0.62%          --       0.62%   
-------------------------------------------------------------------------------------------------------------------------
Western Asset Management Strategic                                                                                       
 Bond Opportunities Portfolio              0.62%          --         0.07%        --     0.69%       0.04%       0.65%/4/
-------------------------------------------------------------------------------------------------------------------------
PUTNAM VARIABLE TRUST--CLASS IA                                                                                          
-------------------------------------------------------------------------------------------------------------------------
Putnam VT Vista Fund                       0.59%          --         0.20%     0.01%     0.80%          --       0.80%/5/
-------------------------------------------------------------------------------------------------------------------------

--------                                                                        
* Acquired Fund Fees and Expenses are fees and expenses incurred indirectly by  
a portfolio as a result of investing in shares of one or more underlying        
portfolios.                                                                     
** Net Total Annual Operating Expenses do not reflect: (1) voluntary waivers of 
fees or expenses; (2) contractual waivers that are in effect for less than one  
year from the date of this Prospectus; or (3) expense reductions resulting from 
custodial fee credits or directed brokerage arrangements.                       
/1/ The manager and administrator have agreed in advance to reduce their fees   
as a result of the Fund's investment in a Franklin Templeton money market fund  
("Sweep Money Fund"). This reduction is required by the Trust's board of        
trustees and an exemptive order by the Securities and Exchange Commission; this 
arrangement will continue as long as the exemptive order is relied upon.        
/2/ MetLife Advisers, LLC has contractually agreed, for the period May 1, 2010  
through April 30, 2011, to reduce the management fee for each Class of the      
Portfolio to the annual rate of 0.37% for the first $1 billion of the           
Portfolio's average daily net assets, 0.325% for amounts over $1 billion but    
less than $3.4 billion and 0.25% on amounts over $3.4 billion.                  
/3/ MetLife Advisers, LLC has contractually agreed, for the period May 1, 2010  
through April 30, 2011, to reduce the management fee for each Class of the      
Portfolio to the annual rate of 0.325% for the first $1 billion of the          
Portfolio's average daily net assets. Other Expenses do not reflect fees of     
0.03% paid in connection with the U.S. Treasury Temporary Guarantee Program for 
Money Market Funds.                                                             
/4/ MetLife Advisers, LLC, has contractually agreed, for the period May 1, 2010 
through April 30, 2011, to reduce the management fee for each Class of the      
Portfolio to the annual rate of 0.595% for the first $500 million of the        
Portfolio's average daily net assets.                                           
/5/ Total Annual Operating Expenses reflect projected expenses under a new      
management contract effective January 1, 2010, changes in the Fund's investor   
servicing contract and a new expense arrangement, which gives effect to changes 
in the allocation of certain expenses among the Putnam funds.                   

INVESTMENT FUNDS                                                                

The Policy offers the investment funds which are listed below. Appendix A       
contains a summary of investment objectives and subadvisers, if any, for each   
investment fund. Additional investment funds may be available in the future.    

YOU SHOULD READ THE PROSPECTUSES FOR THESE FUNDS CAREFULLY. YOU CAN OBTAIN      
COPIES OF THE FUND PROSPECTUSES BY CALLING US AT 1-800-638-9294. YOU CAN ALSO   
OBTAIN INFORMATION ABOUT THE FUNDS (INCLUDING A COPY OF THE STATEMENT OF        
ADDITIONAL INFORMATION) BY ACCESSING THE SECURITIES AND EXCHANGE COMMISSION'S   
WEBSITE AT HTTP://WWW.SEC.GOV.                                                  

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) (SERIES I       
SHARES)                                                                         

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) is a mutual     
fund with multiple portfolios. Invesco Advisers, Inc. is the investment adviser 
to each portfolio. The following Series I portfolio is available under the      
policy:                                                                         

Invesco V.I. International Growth Fund (formerly AIM V.I. International Growth
Fund)                                                                     

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1)                  

Franklin Templeton Variable Insurance Products Trust currently consists of      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

Templeton Foreign Securities Fund                                             

MET INVESTORS SERIES TRUST (CLASS A)                                            

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. Met Investors Series Trust is a mutual fund     
with multiple portfolios. MetLife Advisers, LLC has engaged subadvisers         

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to provide investment advice for the individual investment portfolios. The      
following Class A portfolios are available under the policy:                    

Clarion Global Real Estate Portfolio                                          
Invesco Small Cap Growth Portfolio (formerly Met/AIM Small Cap Growth         
Portfolio)                                                                
Lazard Mid Cap Portfolio                                                      
Legg Mason ClearBridge Aggressive Growth Portfolio (formerly Legg Mason       
Partners Aggressive Growth Portfolio)                                     
Lord Abbett Bond Debenture Portfolio                                          
Lord Abbett Growth and Income Portfolio                                       
Lord Abbett Mid Cap Value Portfolio                                           
MFS(R) Emerging Markets Equity Portfolio                                      
MFS(R) Research International Portfolio                                       
Morgan Stanley Mid Cap Growth Portfolio (formerly Van Kampen Mid Cap Growth   
Portfolio)                                                                
Oppenheimer Capital Appreciation Portfolio                                    
PIMCO Total Return Portfolio                                                  

METROPOLITAN SERIES FUND, INC. (CLASS A)                                        

Metropolitan Series Fund, Inc. is a mutual fund with multiple portfolios.       
MetLife Advisers, LLC is the investment adviser to the portfolios. MetLife      
Advisers, LLC has engaged subadvisers to provide investment advice for the      
individual investment portfolios. The following Class A portfolios are          
available under the policy:                                                     

BlackRock Bond Income Portfolio                                               
BlackRock Money Market Portfolio                                              
T. Rowe Price Large Cap Growth Portfolio                                      
T. Rowe Price Small Cap Growth Portfolio                                      
Western Asset Management Strategic Bond Opportunities Portfolio               

PUTNAM VARIABLE TRUST (CLASS IA)                                                

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following Class IA portfolio is available under the policy:                     

Putnam VT Vista Fund                                                          

MARKET TIMING                                                                   

The following paragraph is modified:                                            

We have policies and procedures that attempt to detect and deter frequent       
transfers in situations where we determine there is a potential for arbitrage   
trading. Currently, we believe that such situations may be presented in the     
international, small-cap, and high-yield investment portfolios (i.e., the       
Invesco V.I. International Growth Fund, Templeton Foreign Securities Fund,      
Clarion Global Real Estate Portfolio, Lord Abbett Bond Debenture Portfolio,     
MFS(R) Emerging Markets Equity Portfolio, MFS(R) Research International         
Portfolio, Invesco Small Cap Growth Portfolio, Western Asset Management         
Strategic Bond Opportunities Portfolio and T. Rowe Price Small Cap Growth       
Portfolio) (the "Monitored Portfolios") and we monitor transfer activity in     
those Investment Funds. We employ various means to monitor transfer activity,   
such as examining the frequency and size of transfers into and out of the       
Monitored Portfolios within given periods of time. For example, we currently    
monitor transfer activity to determine if, for each category of international,  
small-cap, and high-yield investment fund, in a 12-month period there were,     
(1) six or more transfers involving the given category; (2) cumulative gross    
transfers involving the given category that exceed the current Cash Value; and  
(3) two or more "round-trips" involving any Monitored Portfolio in the given    
category. A round-trip generally is defined as a transfer in followed by a      
transfer out within the next seven calendar days or a transfer out followed by  
a transfer in within the next seven calendar days, in either case subject to    
certain other criteria.                                                         

OTHER INFORMATION                                                               

METLIFE INVESTORS                                                               

The paragraph relating to the Insurance Marketplace Standards Association       
appearing in this subsection is deleted.                                        

DISTRIBUTOR                                                                     

The Financial Industry Regulatory Authority ("FINRA") provides background       
information about broker-dealers and their registered representatives through   
FINRA BrokerCheck. You may contact the FINRA BrokerCheck Hotline at             
1-800-289-9999, or log on to www.finra.org. An investor brochure that includes  
information describing FINRA BrokerCheck is available through the Hotline or    
on-line.                                                                        

FEDERAL TAX STATUS                                                              

NOTE: The following description is based upon our understanding of current      
Federal income tax law applicable to life insurance in general. We cannot       
predict the probability that any changes in such laws will be made. Purchasers  
are cautioned to seek competent tax advice regarding the possibility of such    
changes. Section 7702 of the Internal Revenue Code of 1986, as amended          
("Code"), defines the term "life insurance contract" for purposes of            

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the Code. We believe that Single Life Policies issued on a standard             
underwriting basis should qualify as "life insurance contracts" under           
Section 7702. There is more uncertainty as to Single Life Policies issued on a  
substandard risk basis and Joint and Survivor Policies. We do not guarantee the 
tax status of the Policies. Purchasers bear the complete risk that the Policies 
may not be treated as a "life insurance contract" under Federal income tax      
laws. Purchasers should consult their own tax advisers. It should be further    
understood that the following discussion is not exhaustive and that special     
rules not described in this prospectus may be applicable in certain situations. 
In general, however, the insurance proceeds payable on the death of the Insured 
will never be less than the minimum amount required for the Policy to be        
treated as life insurance under section 7702 of the Internal Revenue Code, as   
in effect on the date the Policy was issued.                                    

INTRODUCTION. The discussion contained herein is general in nature and is not   
intended as tax advice. It does not purport to be complete or to address every  
situation. Each person concerned should consult a competent tax adviser. No     
attempt is made to consider any applicable state or other tax laws. Moreover,   
the discussion herein is based upon our understanding of current federal income 
tax laws as they are currently interpreted. No representation is made regarding 
the likelihood of continuation of those current federal income tax laws or of   
the current interpretations by the Internal Revenue Service.                    

IRS CIRCULAR 230 NOTICE: The tax information contained herein is not intended   
to (and cannot) be used by anyone to avoid IRS penalties. It is intended to     
support the sale of the Policy. The Policy Owner should seek tax advice based   
on the Policy Owner's particular circumstances from an independent tax adviser. 

We are taxed as a life insurance company under the Code. For federal income tax 
purposes, the Separate Account is not a separate entity from us and its         
operations form a part of us.                                                   

DIVERSIFICATION. Section 817(h) of the Code imposes certain diversification     
standards on the underlying assets of variable life insurance policies. The     
Code provides that a variable life insurance policy will not be treated as life 
insurance for any period (and any subsequent period) for which the investments  
are not, in accordance with regulations prescribed by the United States         
Treasury Department ("Treasury Department"), adequately diversified.            
Disqualification of the Policy as a life insurance contract would result in     
imposition of federal income tax to the Owner with respect to earnings          
allocable to the Policy prior to the receipt of payments under the Policy. We   
intend that each Investment Fund underlying the Policies will be managed by the 
managers in such a manner as to comply with these diversification requirements. 
If Investment Fund shares are sold directly to tax-qualified retirement plans   
that later lose their tax-qualified status, or to non-qualified plans, there    
may be adverse consequences under the diversification rules.                    

INVESTOR CONTROL. In some circumstances, owners of variable contracts who       
retain excessive control over the investment of the underlying separate account 
assets may be treated as the owners of those assets. Although published         
guidance in this area does not address certain aspects of the Policies, we      
believe that the Owner of a Policy should not be treated as the owner of the    
Separate Account assets. We reserve the right to modify the Policies to bring   
them into conformity with applicable standards should such modification be      
necessary to prevent Owners of the Policies from being treated as the owners of 
the underlying Separate Account assets.                                         

TAX TREATMENT OF THE POLICY. The Policy has been designed to comply with the    
definition of life insurance contained in Section 7702 of the Code. Although    
some interim guidance has been provided and proposed regulations have been      
issued, final regulations have not been adopted. Section 7702 of the Code       
requires that the amount of mortality and other expense charges be reasonable.  
In establishing these charges, we have relied on interim IRS guidance.          
Currently, there is even less guidance as to Policies issued on a substandard   
risk basis and Joint and Last Survivor Policies. Moreover, if you elect the     
Accelerated Death Benefit Rider, the continued tax qualification of the Policy  
after a distribution is made under the rider is unclear.                        

While we have attempted to comply with Section 7702, the law in this area is    
very complex and unclear. There is a risk, therefore, that the Internal Revenue 
Service will not concur with our interpretations of Section 7702 that were made 
in determining such compliance. In the event the Policy is determined not to so 
comply, it would not qualify for the favorable tax treatment usually accorded   
life insurance policies. You should consult your own tax advisers with respect  
to the tax consequences of purchasing the Policy. The following discussion      
assumes that the Policy will satisfy Section 7702.                              

POLICY PROCEEDS. The tax treatment accorded to loan proceeds and/or surrender   
payments from the policies will                                                 

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depend on whether the Policy is considered to be a MEC. (See "Tax Treatment of  
Loans and Surrenders.") Otherwise, we believe that the Policy should receive    
the same Federal income tax treatment as any other type of life insurance. As   
such, the death benefit thereunder is generally excludable from the gross       
income of the Beneficiary to the extent provided in Section 101(a) of the Code. 
Also, you are not deemed to be in constructive receipt of the Cash Surrender    
Value, including increments thereon, under a Policy until there is a            
distribution of such amounts.                                                   

In the case of employer-owned life insurance as defined in Section 101(j), the  
amount of the death benefit excludable from gross income is limited to premiums 
paid unless the Policy falls within certain specified exceptions and a notice   
and consent requirement is satisfied before the Policy is issued. Certain       
specified exceptions are based on the status of an employee as highly           
compensated or recently employed. There are also exceptions for Policy proceeds 
paid to an employee's heirs. These exceptions only apply if proper notice is    
given to the insured employee and consent is received from the insured employee 
before the issuance of the Policy. These rules apply to Policies issued         
August 18, 2006 and later and also apply to policies issued before August 18,   
2006 after a material increase in the death benefit or other material change.   
An IRS reporting requirement applies to employer-owned life insurance subject   
to these rules. Because these rules are complex and will affect the tax         
treatment of death benefits, it is advisable to consult tax counsel. The death  
benefit will also be taxable in the case of a transfer-for-value unless certain 
exceptions apply.                                                               

Federal, state and local estate, inheritance and other tax consequences of      
ownership, or receipt of Policy proceeds, depend on the circumstances of each   
owner or Beneficiary.                                                           

TAX TREATMENT OF LOANS AND SURRENDERS. Section 7702A of the Code sets forth the 
rules for determining when a life insurance Policy will be deemed to be a MEC.  
A MEC is a contract which is entered into or materially changed on or after     
June 21, 1988 and fails to meet the 7-pay test. A Policy fails to meet the      
7-pay test when the cumulative amount paid under the Policy at any time during  
the first 7 Policy years exceeds the sum of the net level premiums which would  
have been paid on or before such time if the Policy provided for paid-up future 
benefits after the payment of seven (7) level annual premiums. A material       
change would include any increase in the future benefits or addition of         
qualified additional benefits provided under a Policy unless the increase is    
attributable to: (1) the payment of premiums necessary to fund the lowest death 
benefit and qualified additional benefits payable in the first seven Policy     
years; or (2) the crediting of interest or other earnings with respect to such  
premiums.                                                                       

Certain changes in a Policy after it is issued could also cause it to fail to   
satisfy the 7-pay test and therefore to be classified as a MEC. Making          
additional payments, reducing the Policy's death benefit, reducing the Policy's 
benefits through a partial withdrawal, a change in death benefit option, and    
termination of benefits under a rider are examples of changes that could result 
in your Policy becoming classified as a MEC. Reducing the death benefit below   
the lowest death benefit provided by the Policy during the first seven years    
will probably cause the Policy to be classified as a MEC if such a reduction    
occurs during the first seven Policy years in the case of a Single Life Policy  
or at any time in the case of a Joint and Last Survivor Policy. Even if these   
events do not result in a Policy becoming classified as a MEC, they could       
reduce the amount that may be paid in the future without causing the Policy to  
be classified as a MEC. You should consult a tax adviser to determine whether a 
Policy transaction will cause your Policy to be classified as a MEC.            

Furthermore, any Policy received in exchange for a Policy classified as a MEC   
will be treated as a MEC regardless of whether it meets the 7-pay test.         
However, an exchange under Section 1035 of the Code of a life insurance Policy  
entered into before June 21, 1988 for the Policy will not cause the Policy to   
be treated as a MEC if no additional premiums are paid.                         

Due to the flexible premium nature of the Policy, the determination of whether  
it qualifies for treatment as a MEC depends on the individual circumstances of  
each Policy.                                                                    

If the Policy is classified as a MEC, then any distribution (including the      
proceeds of any loan) is taxable to the extent of income in the Policy.         
Distributions are deemed to be on a last-in, first-out basis, which means the   
taxable income is distributed first. Distributions, including those resulting   
from surrender or lapse of the Policy, may also be subject to an additional 10% 
federal income tax penalty applied to the income portion of such distribution.  
The penalty shall not apply, however, to any distributions: (1) made on or      
after the date on which the taxpayer reaches age 59 1/2; (2) which is           
attributable to the taxpayer becoming disabled (within the meaning of           
Section 72(m)(7) of the Code); or                                               

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(3) which is part of a series of substantially equal periodic payments made not 
less frequently than annually for the life (or life expectancy) of the taxpayer 
or the joint lives (or joint life expectancies) of such taxpayer and his        
beneficiary.                                                                    

If a Policy becomes a MEC, distributions that occur during the Policy year will 
be taxed as distributions from a MEC. In addition, distributions from a Policy  
within two years before it becomes a MEC will be taxed in this manner. This     
means that a distribution made from a Policy that is not a MEC could later      
become taxable as a distribution from a MEC.                                    

If a Policy is not classified as a MEC, then any surrenders shall be treated    
first as a recovery of the investment in the Policy which would not be received 
as taxable income. However, if a distribution is the result of a reduction in   
benefits under the Policy within the first fifteen years after the Policy is    
issued in order to comply with Section 7702, such distribution will, under      
rules set forth in Section 7702, be taxed as ordinary income to the extent of   
income in the Policy.                                                           

Loans from a Policy which is not classified as a MEC, will generally be treated 
as Indebtedness of the Owner and not a distribution. However, there is          
uncertainty as to loans from such a Policy after the 10th Policy year and you   
should consult a tax adviser as to the treatment of such loans.                 

If your Policy is surrendered, cancelled, lapses, or is exchanged while any     
Policy loan is outstanding, the amount of the Policy loan plus accrued interest 
will be deemed to be distributed to you and could be partly or wholly taxable,  
depending on your particular circumstances. Cash distributed to you from the    
Policy in these circumstances may be insufficient to pay the tax attributable   
to any Policy loan.                                                             

Interest payable on a loan under a Policy is generally not deductible.          

Policyowners should seek competent tax advice on the tax consequences of taking 
loans, distributions, exchanging or surrendering any Policy.                    

MULTIPLE POLICIES. The Code further provides that multiple MECs that are issued 
within a calendar year period to the same owner by one company or its           
affiliates are treated as one MEC for purposes of determining the taxable       
portion of any loans or distributions. Such treatment may result in adverse tax 
consequences including more rapid taxation of the loans or distributed amounts  
from such combination of policies. You should consult a tax adviser prior to    
purchasing more than one MEC in any calendar year period.                       

CONTINUATION OF POLICY BEYOND AGE 100. The tax consequences of continuing the   
Policy beyond the Insured's 100th birthday (or the younger Insured's 100th      
birthday with respect to the Joint and Last Survivor Policy) are unclear. You   
should consult a tax adviser if you intend to keep the Policy in force beyond   
the Insured's 100th birthday (or the younger Insured's 100th birthday with      
respect to the Joint and Last Survivor Policy).                                 

TAX TREATMENT OF POLICY SPLIT. The Split Policy Option Rider and the Divorce    
Split Rider permit a Policy to be split into two individual Policies. In        
general exercising either the Policy Split Rider or the Divorce Split Rider     
will be treated as a taxable transaction. It is not clear whether the           
individual Policies that result will be classified as Modified Endowment        
Contracts. A tax adviser should be consulted before exercising either rider.    

TAX TREATMENT OF ASSIGNMENTS. An assignment of a Policy or the change of        
ownership of a Policy may be a taxable event. You should therefore consult a    
competent tax adviser should you wish to assign or change the owner of your     
Policy.                                                                         

QUALIFIED PLANS. The Policies may be used in conjunction with certain Qualified 
Plans. Because the rules governing such use are complex and the amount of life  
insurance provided in connection with such plans may be limited, you should not 
do so until you have consulted a competent Qualified Plans consultant.          

INCOME TAX WITHHOLDING. All distributions or the portion thereof which is       
includible in gross income of the Policy owner are subject to Federal income    
tax withholding. However, in most cases you may elect not to have taxes         
withheld. You may be required to pay penalties under the estimated tax rules,   
if withholding and estimated tax payments are insufficient.                     

LIFE INSURANCE PURCHASES BY NONRESIDENT ALIENS AND FOREIGN CORPORATIONS. Policy 
Owners that are not U.S. citizens or residents will generally be subject to     
U.S. Federal withholding tax on taxable distributions from life insurance       
policies at a 30% rate, unless a lower treaty rate applies. In addition, Policy 
Owners may be subject to state and/or municipal taxes and taxes that may be     
imposed by the Policy Owner's country of citizenship or residence. Prospective  
purchasers are advised to consult with a qualified tax adviser regarding        
taxation with respect to a purchase of the Policy.                              

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BUSINESS USES OF POLICY. Businesses can use the Policies in various             
arrangements, including nonqualified deferred compensation or salary            
continuance plans, split dollar insurance plans, executive bonus plans, tax     
exempt and nonexempt welfare benefit plans, retiree medical benefit plans and   
others. The tax consequences of such plans may vary depending on the particular 
facts and circumstances. If you are purchasing the Policy for any arrangement   
the value of which depends in part on its tax consequences, you should consult  
a qualified tax adviser. In the case of a business-owned Policy, the provisions 
of Section 101(j) of the Code may limit the amount of the death benefit         
excludable from gross income unless a specified exception applies and a notice  
and consent requirement is satisfied, as discussed above. In recent years,      
moreover, Congress has adopted new rules relating to life insurance owned by    
businesses. Any business contemplating the purchase of a new Policy or a change 
in an existing Policy should consult a tax adviser.                             

NON-INDIVIDUAL OWNERS AND BUSINESS BENEFICIARIES OF POLICIES. Ownership of the  
Policy by a corporation, trust or other non-natural person could jeopardize     
some (or all) of such entity's interest deduction under Internal Revenue Code   
Section 264, even where such entity's indebtedness is in no way connected to    
the Policy. In addition, under Section 264(f)(5), if a business (other than a   
sole proprietorship) is directly or indirectly a beneficiary of the Policy, the 
Policy could be treated as held by the business for purposes of the             
Section 264(f) entity-holder rules. Therefore, it would be advisable to consult 
with a qualified tax adviser before any non-natural person is made an Owner or  
holder of the Policy, or before a business (other than a sole proprietorship)   
is made a beneficiary of the Policy.                                            

SPLIT-DOLLAR ARRANGEMENTS. The IRS and the Treasury Department have recently    
issued guidance that substantially affects split-dollar arrangements. You       
should consult a qualified tax adviser before entering into or paying           
additional premiums with respect to such arrangements.                          

In addition, the Sarbanes-Oxley Act of 2002 (the "Act"), which was signed into  
law on July 30, 2002, prohibits, with limited exceptions, publicly-traded       
companies, including non-U.S. companies that have securities listed on U.S.     
exchanges, from extending directly or indirectly or through a subsidiary, many  
types of personal loans to their directors or executive officers. It is         
possible that this prohibition may be interpreted to apply to split-dollar life 
insurance arrangements for directors and executive officers of such companies,  
since such arrangements can arguably be viewed as involving a loan from the     
employer for at least some purposes.                                            

Any affected business contemplating the payments of a premium on an existing    
Policy or the purchase of a new Policy in connection with a split-dollar life   
insurance arrangement should consult legal counsel.                             

Split dollar plans that provide deferred compensation may be subject to         
recently enacted rules governing deferred compensation arrangements. Failure to 
adhere to these rules will result in adverse tax consequences. A tax adviser    
should be consulted with respect to such plans.                                 

ESTATE, GIFT AND GENERATION-SKIPPING TRANSFER TAXES. The transfer of the Policy 
or the designation of a beneficiary may have Federal, state, and/or local       
transfer and inheritance tax consequences, including the imposition of gift,    
estate, and generation-skipping transfer taxes. When the insured dies, the      
death proceeds will generally be includable in the Policy Owner's estate for    
purposes of the Federal estate tax if the Policy Owner was the insured. If the  
Policy Owner was not the insured, the fair market value of the Policy would be  
included in the Policy Owner's estate upon the Policy Owner's death. The Policy 
would not be includable in the insured's estate if the insured neither retained 
incidents of ownership at death nor had given up ownership within three years   
before death.                                                                   

Moreover, under certain circumstances, the Internal Revenue Code may impose a   
"generation-skipping transfer tax" when all or part of a life insurance policy  
is transferred to, or a death benefit is paid to, an individual two or more     
generations younger than the Policy Owner. Regulations issued under the         
Internal Revenue Code may require us to deduct the tax from your Policy, or     
from any applicable payment, and pay it directly to the IRS.                    

Qualified tax advisers should be consulted concerning the estate and gift tax   
consequences of Policy ownership and distributions under Federal, state and     
local law. The individual situation of each Policy Owner or beneficiary will    
determine the extent, if any, to which Federal, state, and local transfer and   
inheritance taxes may be imposed and how ownership or receipt of Policy         
proceeds will be treated for purposes of Federal, state and local estate,       
inheritance, generation-skipping and other taxes.                               

The Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA")        
repeals the Federal estate tax and replaces it with a carryover basis income    
tax regime                                                                      

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effective for estates of decedents dying after December 31, 2009. EGTRRA also   
repeals the generation-skipping transfer tax, but not the gift tax, for         
transfers made after December 31, 2009. EGTRRA contains a sunset provision,     
which essentially returns the Federal estate, gift and generation-skipping      
transfer taxes to their pre-EGTRRA form, beginning in 2011.                     

During the period prior to 2010, EGTRRA provides for periodic decreases in the  
maximum estate tax rate coupled with periodic increases in the estate tax       
exemption. For 2007-2009, the maximum estate tax rate is 45%. The estate tax    
exemption is $2,000,000 for 2006-2008 and $3,500,000 in 2009.                   

In general, the estate tax has been repealed for estates of decedents dying in  
2010, but is scheduled to be reinstated in 2011 with an exemption of $1 million 
and a maximum rate of 55%. The generation-skipping transfer (GST) tax has also  
been repealed for 2010, and is scheduled to return in 2011, with an exemption   
of $1 million, plus inflation-indexed increases.                                

During the repeal of the estate tax in 2010, the basis of assets received from  
a decedent generally will carry over from the decedent, rather than being       
stepped-up to date-of-death value.                                              

It is not known if Congress will enact permanent repeal of the estate and GST   
tax or will reinstate the estate tax or GST tax for 2010, and, if so, whether   
the reinstatement will be made retroactive to January 1, 2010. Please consult   
your tax adviser.                                                               

The complexity of the tax law, along with uncertainty as to how it might be     
modified in 2010 and in coming years, underscores the importance of seeking     
guidance from a qualified adviser to help ensure that your estate plan          
adequately addresses your needs and those of your beneficiaries under all       
possible scenarios.                                                             

TAX CREDITS AND DEDUCTIONS                                                      

The Company may be entitled to certain tax benefits related to the assets of    
the Separate Account. These tax benefits, which may include foreign tax credits 
and corporate dividends received deductions, are not passed back to the         
Separate Account or to Policy Owners since the Company is the owner of the      
assets from which the tax benefits are derived.                                 

ALTERNATIVE MINIMUM TAX. There may also be an indirect tax on the income in the 
Policy or the proceeds of the Policy under the Federal corporate alternative    
minimum tax if the Owner is subject to that tax.                                

POSSIBLE TAX LAW CHANGES. Although the likelihood of legislative changes is     
uncertain, there is always the possibility that the tax treatment of the Policy 
could change by legislation or otherwise. Consult a tax adviser with respect to 
legislative developments and their effect on the Policy.                        

THE COMPANY'S INCOME TAXES. Under current Federal income tax law we are not     
taxed on the Separate Account's operations. Thus, currently we do not deduct a  
charge from the Separate Account for company Federal income taxes. (We do       
deduct a charge for Federal taxes from premiums.) We reserve the right to       
charge the Separate Account for any future Federal income taxes we may incur.   
Under current laws we may incur state and local taxes (in addition to premium   
taxes). These taxes are not now significant and we are not currently charging   
for them. If they increase, we may deduct charges for such taxes.               

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APPENDIX A                                                                      
PARTICIPATING INVESTMENT FUNDS                                                  
INVESTMENT OBJECTIVES                                                           

Below is a listing of the investment advisers and subadvisers, if any, and the  
investment objectives of each investment fund available under the policy. The   
fund prospectuses contain more complete information, including a description of 
the investment objectives, policies, restrictions and risks. THERE CAN BE NO    
ASSURANCE THAT THE INVESTMENT OBJECTIVES WILL BE ACHIEVED.                      
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)                 
(SERIES 1 SHARES):                                                              

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) is a mutual     
fund with multiple portfolios. Invesco Advisers, Inc. is the investment adviser 
to each portfolio. The following Series I portfolio is available under the      
policy:                                                                         

INVESCO V.I. INTERNATIONAL GROWTH FUND                                          

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1):                 

Franklin Templeton Variable Insurance Products Trust is a mutual fund with      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

TEMPLETON FOREIGN SECURITIES FUND                                               

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

MET INVESTORS SERIES TRUST (CLASS A):                                           

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. MetLife Advisers, LLC has engaged subadvisers   
to provide investment advice for the individual portfolios. Met Investors       
Series Trust is a mutual fund with multiple portfolios. The following Class A   
portfolios are available under the policy:                                      

CLARION GLOBAL REAL ESTATE PORTFOLIO                                            

SUBADVISER: ING Clarion Real Estate Securities LLC                              

INVESTMENT OBJECTIVE: Seeks total return through investment in real estate      
securities, emphasizing both capital appreciation and current income.           

INVESCO SMALL CAP GROWTH PORTFOLIO                                              

SUBADVISER: Invesco Advisers, Inc.                                              

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

LAZARD MID CAP PORTFOLIO                                                        

SUBADVISER: Lazard Asset Management LLC                                         

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

LEGG MASON CLEARBRIDGE AGGRESSIVE GROWTH PORTFOLIO                              

SUBADVISER: ClearBridge Advisors, LLC                                           

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

LORD ABBETT BOND DEBENTURE PORTFOLIO                                            

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks high current income and the opportunity for capital 
appreciation to produce a high total return.                                    

LORD ABBETT GROWTH AND INCOME PORTFOLIO                                         

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks long-term growth of capital and income without      
excessive fluctuation in market value.                                          

LORD ABBETT MID CAP VALUE PORTFOLIO                                             

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks capital appreciation through investments primarily  
in equity securities which are believed to be undervalued in the marketplace.   

MFS(R) EMERGING MARKETS EQUITY PORTFOLIO                                        

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

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MFS(R) RESEARCH INTERNATIONAL PORTFOLIO                                         

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

MORGAN STANLEY MID CAP GROWTH PORTFOLIO                                         

SUBADVISER: Morgan Stanley Investment Management Inc.                           

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

OPPENHEIMER CAPITAL APPRECIATION PORTFOLIO                                      

SUBADVISER: OppenheimerFunds, Inc.                                              

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

PIMCO TOTAL RETURN PORTFOLIO                                                    

SUBADVISER: Pacific Investment Management Company LLC                           

INVESTMENT OBJECTIVE: Seeks maximum total return, consistent with the           
preservation of capital and prudent investment management.                      

METROPOLITAN SERIES FUND, INC. (CLASS A):                                       

Metropolitan Series Fund, Inc. is a mutual fund with multiple portfolios.       
MetLife Advisers, LLC is the investment adviser to the portfolios. MetLife      
Advisers, LLC has engaged subadvisers to provide investment advice for the      
individual portfolios. The following Class A portfolios are available under the 
policy:                                                                         

BLACKROCK BOND INCOME PORTFOLIO                                                 

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a competitive total return primarily from investing 
in fixed-income securities.                                                     

BLACKROCK MONEY MARKET PORTFOLIO                                                

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a high level of current income consistent with      
preservation of capital.                                                        

T. ROWE PRICE LARGE CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long term growth of capital and, secondarily,       
dividend income.                                                                

T. ROWE PRICE SMALL CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

WESTERN ASSET MANAGEMENT STRATEGIC BOND OPPORTUNITIES PORTFOLIO                 

SUBADVISER: Western Asset Management Company                                    

INVESTMENT OBJECTIVE: Seeks to maximize total return consistent with            
preservation of capital.                                                        

PUTNAM VARIABLE TRUST (CLASS IA):                                               

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following portfolio is available under the policy:                              

PUTNAM VT VISTA FUND                                                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

DISCONTINUED INVESTMENT PORTFOLIOS. The following investment options are no     
longer available for allocations of premiums or transfers of cash value         
(excluding rebalancing and dollar cost averaging programs in existence at the   
time of closing): (a) DWS Variable Series II: DWS Government & Agency           
Securities VIP (Class A) (closed effective May 1, 2002); and (b) Metropolitan   
Series Fund, Inc.: BlackRock Legacy Large Cap Growth Portfolio (Class A) (added 
and closed effective May 1, 2009).                                              

Effective as of April 28, 2003, General American Money Market Fund was merged   
into the State Street Research Money Market Portfolio of Metropolitan Series    
Fund, Inc. and the following investment portfolios of the Met Investors Series  
Trust were merged: J.P. Morgan Enhanced Index Portfolio merged into the Lord    
Abbett Growth and Income Portfolio; J.P. Morgan International Equity Portfolio  
merged into the MFS(R) Research International Portfolio; and Lord Abbett        
Developing Growth Portfolio merged into the Lord Abbett Growth Opportunities    
Portfolio.                                                                      

Effective as of May 1, 2004, the following investment portfolios were replaced: 
(a) AIM Variable Insurance Funds: AIM V.I. Premier Equity Fund (Series I) was   
replaced with the Lord Abbett Growth and Income Portfolio (Class A) of Met      
Investors Series Trust ("MIST"); (b) AllianceBernstein Variable Products Series 
Fund, Inc.: AllianceBernstein Premier Growth Portfolio (Class A) was            

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replaced with the Janus Aggressive Growth Portfolio (Class A) of MIST; (c)      
Franklin Templeton Variable Insurance Products Trust (Class 1): Franklin Small  
Cap Fund was replaced with the T. Rowe Price Small Cap Growth Portfolio (Class  
A) of Metropolitan Series Fund, Inc. ("MSF"); and Mutual Shares Securities Fund 
was replaced with the Lord Abbett Growth and Income Portfolio (Class A) of      
MIST; (d) Goldman Sachs Variable Insurance Trust ("GSVIT"): GSVIT Growth and    
Income Fund (closed effective March 1, 2002) was replaced with the Lord Abbett  
Growth and Income Fund (Class A) of MIST; and GSVIT International Equity Fund   
(closed effective March 1, 2002) was replaced with the MFS(R) Research          
International Portfolio (Class A) of MIST; (e) Liberty Variable Investments:    
the Newport Tiger Fund, Variable Series (Class A) (closed effective May 1,      
2002) was replaced with the MFS(R) Research International Portfolio (Class A)   
of MIST; (f) MFS(R) Variable Insurance Trust (Initial Class): MFS(R) Research   
Series (closed effective May 1, 2003) was replaced with the Oppenheimer Capital 
Appreciation Portfolio (Class A) of MIST; MFS(R) Emerging Growth Series was     
replaced with the T. Rowe Price Large Cap Growth Portfolio (Class A) of MSF;    
and the MFS(R) Strategic Income Series was replaced with the Salomon Brothers   
Strategic Bond Opportunities Portfolio (Class A) of MSF; (g) Oppenheimer        
Variable Account Funds (Initial Class): Oppenheimer Strategic Bond Fund/VA was  
replaced with the PIMCO Total Return Portfolio (Class A) of MIST; Oppenheimer   
Main Street Fund/VA was replaced with the Lord Abbett Growth and Income         
Portfolio (Class A) of MIST; Oppenheimer High Income Fund/VA was replaced with  
the Lord Abbett Bond Debenture Portfolio (Class A) of MIST; Oppenheimer Bond    
Fund/VA was replaced with the State Street Research Bond Income Portfolio       
(Class A) of MSF; and (h) Putnam Variable Trust (Class IA): Putnam VT New Value 
Fund (closed effective May 1, 2003) was replaced with the Lord Abbett Growth    
and Income Fund (Class A) of MIST; and the Putnam VT International New          
Opportunities Fund (closed effective May 1, 2003) was replaced with the MFS(R)  
Research International Portfolio (Class A) of MIST.                             

Effective as of November 22, 2004, the J.P. Morgan Quality Bond Portfolio       
(Class A) of the Met Investors Series Trust was merged into the PIMCO Total     
Return Portfolio (Class A) of the Met Investors Series Trust and the J.P.       
Morgan Select Equity Portfolio (Class A) of the Met Investors Series Trust was  
closed.                                                                         

Effective as of May 1, 2005, the following investment portfolios were replaced: 
(a) AllianceBernstein Variable Products Series Fund, Inc.: the                  
AllianceBernstein Real Estate Investment Portfolio (Class A) was replaced with  
the Neuberger Berman Real Estate Portfolio (Class A) of the Met Investors       
Series Trust; (b) MFS(R) Variable Insurance Trust: the MFS(R) High Income       
Series (Initial Class) was replaced with the Lord Abbett Bond Debenture         
Portfolio (Class A) of the Met Investors Series Trust, the MFS(R) Investors     
Trust Series (Initial Class) was replaced with the Oppenheimer Capital          
Appreciation Portfolio (Class A) of the Met Investors Series Trust and the MFS  
New Discovery Series (Initial Class) was replaced with the Met/AIM Small Cap    
Growth Portfolio of the Met Investors Series Trust; (c) Putnam Variable Trust:  
the Putnam VT International Equity Fund (Class IA) was replaced with the MFS    
Research International Portfolio (Class A) of the Met Investors Series Trust;   
(d) Oppenheimer Variable Account Funds: the Oppenheimer Capital Appreciation    
Fund/VA (Class A) (closed May 1, 2004) was replaced with the Oppenheimer        
Capital Appreciation Portfolio (Class A) of the Met Investors Series Trust.     

Effective as of April 30, 2007, the following investment portfolios were        
replaced: (a) AIM Variable Insurance Funds: AIM V.I. Capital Appreciation Fund  
(Series I) was replaced with the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series Trust; and (b) DWS Variable Series II: DWS Small 
Cap Growth VIP (Class A) was replaced with the T. Rowe Price Small Cap Growth   
Portfolio (Class A) of the Metropolitan Series Fund, Inc.                       

Effective as of April 30, 2007, the Met/Putnam Capital Opportunities Portfolio  
(Class A) of the Met Investors Series Trust was merged into the Lazard Mid-Cap  
Portfolio (Class A) of the Met Investors Series Trust.                          

Effective as of April 28, 2008, the Templeton Developing Markets Securities     
Fund (Class 1) of the Franklin Templeton Variable Insurance Products Trust was  
replaced with the MFS(R) Emerging Markets Equity Portfolio (Class A) of the Met 
Investors Series Trust.                                                         

Effective as of May 4, 2009, the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series Trust merged into the BlackRock Legacy Large Cap 
Growth Portfolio (Class A) of the Metropolitan Series Fund, Inc.                

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Effective as of May 3, 2010, the Putnam VT Growth and Income Fund (Class IA) of 
the Putnam Variable Trust was replaced with the Lord Abbett Growth and Income   
Portfolio (Class A) of the Met Investors Series Trust.                          

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                                                                 CUSTOM SELECT

                                                                      FLEXIBLE
                                                                       PREMIUM
                                                                 VARIABLE LIFE
                                                              INSURANCE POLICY

                                                                     ISSUED BY

                                                             METLIFE INVESTORS
                                                             INSURANCE COMPANY

                                                             METLIFE INVESTORS
                                                     VARIABLE LIFE ACCOUNT ONE
                                                              NOVEMBER 9, 2009

 This prospectus describes the Flexible Premium Variable Life Insurance Policy
  offered by MetLife Investors Insurance Company ("MetLife Investors", "we" or
     "us"). The prospectus describes all material features and benefits of the
Policy. The language in the prospectus determines your rights under the federal 
                                                              securities laws.

We have designed the Policy for use in estate and retirement planning and other 
insurance needs of individuals. The Policy provides for maximum flexibility by
   allowing you to vary your premium payments and to change the level of death
                                                             benefits payable.

You, the Policyowner, have a number of investment choices in the Policy. These
  investment choices include a General Account as well as the Investment Funds
listed below which are offered through our Separate Account (you can invest in
up to 15 of the Investment Funds and the General Account at any one time). When 
 you purchase a Policy, you bear the complete investment risk. This means that
       the Accumulation Account Value of your Policy may increase and decrease
depending upon the investment performance of the Investment Fund(s) you select. 
   The duration of the Policy and, under some circumstances, the death benefit
             will increase and decrease depending upon investment performance.

AIM VARIABLE INSURANCE FUNDS (SERIES I SHARES):                                 
AIM V.I. International Growth Fund                                        

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1):                 
Templeton Foreign Securities Fund                                         

MET INVESTORS SERIES TRUST (CLASS A):                                           
Clarion Global Real Estate Portfolio                                      
Lazard Mid Cap Portfolio                                                  
Legg Mason Partners Aggressive Growth Portfolio                           
Lord Abbett Bond Debenture Portfolio                                      
Lord Abbett Growth and Income Portfolio                                   
Lord Abbett Mid Cap Value Portfolio                                       
Met/AIM Small Cap Growth Portfolio                                        
MFS(R) Emerging Markets Equity Portfolio                                  
MFS(R) Research International Portfolio                                   
Oppenheimer Capital Appreciation Portfolio                                
PIMCO Total Return Portfolio                                              
Van Kampen Mid Cap Growth Portfolio                                       

METROPOLITAN SERIES FUND, INC. (CLASS A):                                       
BlackRock Bond Income Portfolio                                           
BlackRock Money Market Portfolio                                          
T. Rowe Price Large Cap Growth Portfolio                                  
T. Rowe Price Small Cap Growth Portfolio                                  
Western Asset Management Strategic Bond                                   
Opportunities Portfolio                                               

PUTNAM VARIABLE TRUST (CLASS IA):                                               
Putnam VT Growth and Income Fund                                          
Putnam VT Vista Fund                                                      

Please read this prospectus before investing and keep it on file for future     
reference. It contains important information about the Flexible Premium         
Variable Life Insurance Policy. The Securities and Exchange Commission (the     
"Commission" or the "SEC") maintains a web site (http://www.sec.gov) that       
contains information regarding registrants that file electronically with the    
Commission.                                                                     

The Policy:                                                                     
..   is not a bank deposit.                                                     
..   is not federally insured.                                                  
..   is not endorsed by any bank or government agency.                          

The Policy is subject to investment risk. You may be subject to loss of         
principal.                                                                      

The Policies described in this prospectus were originally issued under MetLife  
Investors Variable Life Account Five. Effective November 9, 2009, we combined   
MetLife Investors Variable Life Account Five with and into MetLife Investors    
Variable Life Account One. (See "The Separate Account"). WE ARE NOT OFFERING    
THE POLICIES DESCRIBED IN THIS PROSPECTUS TO NEW PURCHASERS. WE DO CONTINUE TO  
ACCEPT PREMIUM PAYMENTS FROM EXISTING OWNERS.                                   

THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED OR DISAPPROVED THE      
POLICY OR DETERMINED THAT THIS PROSPECTUS IS ACCURATE OR COMPLETE. ANY          
REPRESENTATION THAT IT HAS IS A CRIMINAL OFFENSE.                               

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                                                                [Download Table]
                       
TABLE OF CONTENTS  PAGE
                                                                [Download Table]
                                                    

SPECIAL TERMS...................................  3 

SUMMARY.........................................  4 
   The Variable Life Insurance Policy...........  4 
   Purchases....................................  4 
   Investment Choices...........................  4 
   Expenses.....................................  4 
   Death Benefit................................  7 
   Taxes........................................  7 
   Access to Your Money.........................  7 
   Other Information............................  8 
   Inquiries....................................  8 

PART I..........................................  9 

1. THE VARIABLE LIFE INSURANCE POLICY...........  9 

2. PURCHASES....................................  9 
   Application for a Policy.....................  9 
   Premiums.....................................  9 
   Unscheduled Premiums.........................  9 
   Lapse and Grace Period.......................  9 
   Reinstatement................................ 10 
   Allocation of Premium........................ 10 
   Accumulation Account Value of Your Policy.... 10 
   Method of Determining Accumulation Account       
    Value of an Investment Fund................. 10 
   Net Investment Factor........................ 11 
   Our Right to Reject or Return a Premium          
    Payment..................................... 11 

3. INVESTMENT FUNDS............................. 12 
   Substitution and Limitations on Further          
    Investments................................. 13 
   Transfers.................................... 13 
   Dollar Cost Averaging........................ 15 
   Portfolio Rebalancing........................ 15 
   Approved Asset Allocation Programs........... 16 

4. EXPENSES..................................... 16 
   Tax Charges.................................. 17 
   Sales Charge................................. 17 
   Selection and Issue Expense Charge........... 17 
   Monthly Policy Charge........................ 17 
   Monthly Cost of Insurance Charge............. 17 
   Charges for Additional Benefit Riders........ 18 
   Mortality and Expense Risk Charge............ 18 
   Surrender Charge............................. 18 
   Transaction Charges.......................... 19 
   Investment Fund Expenses..................... 19 

5. DEATH BENEFIT................................ 19 
   Change of Death Benefit...................... 20 
   Change in Face Amount........................ 20 

6. TAXES........................................ 20 
   Life Insurance in General.................... 21 
   Taking Money Out of Your Policy.............. 21 
   Diversification.............................. 21 

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7. ACCESS TO YOUR MONEY.................................  21
   Policy Loans.........................................  21
   Loan Interest Charged................................  22
   Security.............................................  22
   Repaying Policy Debt.................................  22
   Partial Withdrawals..................................  22
   Pro-Rata Surrender...................................  23
   Full Surrenders......................................  23

8. OTHER INFORMATION....................................  24
   MetLife Investors....................................  24
   Distribution.........................................  25
   The Separate Account.................................  25
   The General Account..................................  25
   Suspension of Payments or Transfers..................  25
   Ownership............................................  26
   Adjustment of Charges................................  26

PART II.................................................  26
   Executive Officers and Directors.....................  26
   Voting...............................................  27
   Disregard of Voting Instructions.....................  28
   Our Right to Contest.................................  28
   Additional Benefits..................................  28
   Federal Tax Status...................................  29
     Introduction.......................................  29
     Diversification....................................  29
     Tax Treatment of the Policy........................  30
     Policy Proceeds....................................  30
     Employer-Owned Life Insurance......................    
     Tax Treatment of Loans and Surrenders..............  30
     Multiple Policies..................................  31
     Tax Treatment of Assignments.......................  32
     Qualified Plans....................................  32
     Income Tax Withholding.............................  32
     Life Insurance Purchases by Nonresident Aliens         
      and Foreign Corporations..........................  32
     Business Uses of Policy............................  32
     Non-Individual Owners and Business                     
      Beneficiaries of Policies.........................  32
     Split-Dollar Arrangements..........................  32
     Estate, Gift and Generation-Skipping Transfer          
      Taxes.............................................  33
     Foreign Tax Credits................................    
     Alternative Minimum Tax............................  33
     Possible Tax Law Changes...........................  33
     The Company's Income Taxes.........................  33
   Reports to Owners....................................  33
   Legal Proceedings....................................  33
   Independent Registered Public Accounting Firm........  34
   Financial Statements.................................  35

APPENDIX A.............................................. A-1
   Participating Investment Funds....................... A-1

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SPECIAL TERMS                                                                   

We have tried to make this prospectus as readable and understandable for you as 
possible. However, by the very nature of the Policy certain technical words or  
terms are unavoidable. We have identified some of these terms and provided you  
with a definition.                                                              

ACCUMULATION ACCOUNT VALUE -- The total of the amounts credited to the Owner in 
the Separate Account, the General Account and the Loan Account.                 

ATTAINED AGE -- The Issue Age of the Insured plus the number of completed       
Policy years.                                                                   

BENEFICIARY -- The person(s) named in the application or by later designation   
to receive Policy proceeds in the event of the Insured's death. A Beneficiary   
may be changed as set forth in the Policy and this prospectus.                  

CASH SURRENDER VALUE -- The Accumulation Account Value of a Policy on the date  
of surrender, less any Indebtedness, less any unpaid selection and issue        
expense charge due for the remainder of the first Policy year, less any unpaid  
monthly Policy charge due for the remainder of the first Policy year, and less  
any surrender charge.                                                           

FACE AMOUNT -- The minimum death benefit under the Policy so long as the Policy 
remains in force before the Insured's Attained Age 100.                         

GENERAL ACCOUNT -- Our assets other than those allocated to the Separate        
Account or any other separate account.                                          

INDEBTEDNESS -- The sum of all unpaid Policy loans and accrued interest on      
loans.                                                                          

INSURED -- The person whose life is insured under the Policy.                   

INVESTMENT FUNDS -- Investments within the Separate Account which we make       
available under the Policy.                                                     

INVESTMENT START DATE -- The date the initial premium is applied to the General 
Account and/or the Investment Funds. This date is the later of the Issue Date   
or the date the initial premium is received at our Service Office.              

ISSUE AGE -- The age of the Insured at his or her nearest birthday as of the    
Issue Date.                                                                     

ISSUE DATE -- The date as of which insurance coverage begins under a Policy. It 
is also the date from which Policy anniversaries, Policy years, and Policy      
months are measured. It is the Effective Date of coverage under the Policy.     

LOAN ACCOUNT -- The account of MetLife Investors to which amounts securing      
Policy Loans are allocated. The Loan Account is part of MetLife Investors'      
General Account.                                                                

LOAN SUBACCOUNT -- A Loan Subaccount has been established for the General       
Account and for each Investment Fund. Any Accumulation Account Value            
transferred to the Loan Account will be allocated to the appropriate Loan       
Subaccount to reflect the origin of the Accumulation Account Value. At any      
point in time, the Loan Account will equal the sum of all the Loan Subaccounts. 

MONTHLY ANNIVERSARY -- The same date in each succeeding month as the Issue Date 
except that whenever the Monthly Anniversary falls on a date other than a       
Valuation Date, the Monthly Anniversary will be deemed the next Valuation Date. 
If any Monthly Anniversary would be the 29th, 30th, or 31st day of a month that 
does not have that number of days, then the Monthly Anniversary will be the     
last day of that month.                                                         

NET PREMIUM -- The premium paid, less the premium tax charge, less the Federal  
tax charge, less the sales charge.                                              

OWNER -- The owner of a Policy, as designated in the application or as          
subsequently changed.                                                           

POLICY -- The flexible premium variable life insurance Policy offered by us and 
described in this prospectus.                                                   

PRO-RATA SURRENDER -- A requested reduction of both the Face Amount and the     
Accumulation Account Value by a given percentage.                               

SEPARATE ACCOUNT -- MetLife Investors Variable Life Account One, a separate     
investment account established by MetLife Investors to receive and invest the   
Net Premiums paid under the Policy, and certain other variable life policies,   
and allocated by you to provide variable benefits.                              

SERVICE OFFICE -- MetLife Investors Insurance Company, P.O. Box 358, Warwick,   
RI 02887-0358.                                                                  

TARGET PREMIUM -- A premium calculated when a Policy is issued, based on the    
Insured's age, sex (except in unisex policies) and risk class. The Target       
Premium is used to calculate the first year's premium expense charge, the       
surrender charge, and agent compensation under the Policy.                      

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VALUATION DATE -- Each day that the New York Stock Exchange (NYSE) is open for  
trading and MetLife Investors is open for business. MetLife Investors is open   
for business every day that the NYSE is open for trading.                       

VALUATION PERIOD -- The period between two successive Valuation Dates,          
commencing at the close of the NYSE (usually 4:00 p.m. Eastern Standard Time)   
on a Valuation Date and ending with the close of the NYSE on the next           
succeeding Valuation Date.                                                      

THE PROSPECTUS IS DIVIDED INTO THREE SECTIONS: THE SUMMARY, PART I AND PART II. 
THE SECTIONS IN THE SUMMARY CORRESPOND TO SECTIONS IN PART I OF THIS PROSPECTUS 
WHICH DISCUSS THE TOPICS IN MORE DETAIL. PART II CONTAINS EVEN MORE DETAILED    
INFORMATION.                                                                    

SUMMARY                                                                         

1.  THE VARIABLE LIFE INSURANCE POLICY                                          

The variable life insurance Policy is a contract between you, the Owner, and    
us, an insurance company. The Policy provides for the payment of a death        
benefit to your selected Beneficiary upon the death of the person Insured. This 
death benefit is distributed free from Federal income taxes. The Policy can be  
used as part of your estate planning or used to save for retirement. The        
Insured is the person you choose to have insured under the Policy. You, the     
Owner, can be the Insured, but you do not have to be.                           

The Policy described in this prospectus is a flexible premium variable life     
insurance Policy. The Policy is "flexible" because:                             

..   the frequency and amount of premium payments can vary;                     

..   you can choose between death benefit options; and                          

..   you can change the amount of insurance coverage.                           

The Policy is "variable" because the Accumulation Account Value of your Policy, 
when allocated to the Investment Funds, may increase or decrease depending upon 
the investment results of the selected Investment Funds. The duration of your   
Policy may vary and, under certain circumstances, so may your death benefit.    

So long as the Insured is alive, you can surrender the Policy for all or part   
of its Cash Surrender Value. You may also obtain a Policy loan, using the       
Policy as security. We will pay a death benefit when the Insured dies.          

We make available a number of riders to meet a variety of your estate planning  
needs. The minimum Face Amount of insurance that we offer is $50,000.           

2.  PURCHASES                                                                   

We no longer offer the Policy to new purchasers. We do continue to accept       
premium payments from existing Owners.                                          

You purchase the Policy by completing the proper forms. Your registered         
representative can help you. In some circumstances, we may contact you for      
additional information regarding the Insured. We may require the Insured to     
provide us with medical records, a physician's statement or a complete          
paramedical examination.                                                        

The minimum initial premium we accept is computed for you based on the Face     
Amount you request. The Policy is designed for the payment of subsequent        
premiums. You can establish planned annual premiums. The minimum subsequent     
premium that we accept is $10.                                                  

3.  INVESTMENT CHOICES                                                          

You can put your money in our General Account or in any or all of the           
Investment Funds. However, you can only put your money in up to 15 of the       
Investment Funds and the General Account at any one time. A brief description   
of the Investment Funds is contained in Appendix A and a detailed description   
of the Investment Funds, their investment policies, restrictions, risks, and    
charges is contained in the prospectuses for each Investment Fund. You should   
read the Fund prospectuses carefully.                                           

4.  EXPENSES                                                                    

We make certain deductions from your premiums, your Accumulation Account Value  
and from the Investment Funds. These deductions are made for taxes, mortality   
and expense risks, administrative expenses, sales charges, the cost of          
providing life insurance protection and for the cost associated with the        
management and investment operations of the Investment Funds. These deductions  
are summarized as follows:                                                      

..   DEDUCTIONS FROM EACH PREMIUM PAYMENT.                                      

TAX CHARGES. We currently deduct 1.3% of each premium payment to pay the        
Federal Tax Charge. We also deduct a Premium Tax Charge currently equal to      
2.35% to pay the state and local premium taxes.                                 

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SALES CHARGE. The Sales Charge, which is also referred to as the percent of     
premium charge, is determined as follows:                                       

(1)in the first Policy year, 15% of the amount you pay up to the Target         
Premium, and 5% of the amount you pay over the Target Premium;            

(2)in the 2nd through 10th Policy years, 5% of the actual premium you pay; and  

(3)in the 11th Policy year and later, 2% of the actual premium you pay.         

..   MONTHLY DEDUCTIONS FROM YOUR ACCUMULATION ACCOUNT VALUE.                   

SELECTION AND ISSUE EXPENSE CHARGE. During the first 10 Policy years, we assess 
a charge of up to 1% per $1000 of Face Amount. This charge varies by Issue Age, 
risk class and sex (except in unisex policies) of the Insured.                  

MONTHLY POLICY CHARGE. This charge is equal to $25 per month for the first      
policy year, and $6 per policy month thereafter. This amount is deducted from   
the Accumulation Account Value of your Policy on the Investment Start Date and  
each Monthly Anniversary date.                                                  

MONTHLY COST OF INSURANCE. This amount is deducted monthly from your            
Accumulation Account Value on the Investment Start Date and each Monthly        
Anniversary date. The amount of the deduction varies with the age, sex (except  
in unisex policies), risk class of the Insured, duration and the amount of      
death benefit at risk.                                                          

CHARGES FOR ADDITIONAL BENEFIT RIDERS. On each Monthly Anniversary date, the    
amount of the charge, if any, for additional benefit riders is determined in    
accordance with the rider and is shown on the specifications page of your       
Policy.                                                                         

..   DEDUCTIONS FROM THE INVESTMENT FUNDS.                                      

MORTALITY AND EXPENSE RISK CHARGE. This risk charge is guaranteed not to        
exceed, on an annual basis, 0.55% of the average value of each of your          
Investment Funds and is deducted each Valuation Date.                           

The current risk charge depends on the number of years your Policy has been in  
force and is as follows:                                                        

                                                                [Download Table]

Years  Daily Charge Factor Annual Equivalent
-----  ------------------- -----------------
                                            
1-10        .0015027%            0.55%      
11-20       .0012301%            0.45%      
21+         .0009572%            0.35%      

This deduction is guaranteed not to increase while the Policy is in force. We   
will not increase the mortality and expense risk charge to .55% in years 11 and 
beyond.                                                                         

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ANNUAL OPERATING EXPENSES                                                       
(as a percentage of average daily net assets)                                   

The following table describes the annual operating expenses for each Investment 
Fund for the year ended December 31, 2008:                                      

                                                        [Enlarge/Download Table]

                                                                             ACQUIRED            FEE WAIVERS      NET    
                                                                             FUND FEES  TOTAL        AND         TOTAL   
                                                   MANAGEMENT  OTHER   12B-1    AND     ANNUAL     EXPENSE       ANNUAL  
                                                      FEES    EXPENSES FEES  EXPENSES* EXPENSES REIMBURSEMENTS EXPENSES**
-------------------------------------------------------------------------------------------------------------------------
                                                                                                                         
AIM VARIABLE INSURANCE INSURANCE FUNDS (SERIES I SHARES)                                                                 
 AIM V.I. International Growth Fund                  0.71%     0.35%    --     0.02%    1.08%         --         1.08%(1)
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1)                                                           
 Templeton Foreign Securities Fund                   0.64%     0.15%    --     0.02%    0.81%         --         0.81%(2)
MET INVESTORS SERIES TRUST -- CLASS A                                                                                    
 Clarion Global Real Estate Portfolio                0.63%     0.06%    --        --    0.69%         --         0.69%   
 Lazard Mid Cap Portfolio                            0.69%     0.05%    --        --    0.74%         --         0.74%(3)
 Legg Mason Partners Aggressive Growth Portfolio     0.63%     0.02%    --        --    0.65%         --         0.65%   
 Lord Abbett Bond Debenture Portfolio                0.50%     0.03%    --        --    0.53%         --         0.53%   
 Lord Abbett Growth and Income Portfolio             0.50%     0.03%    --        --    0.53%         --         0.53%   
 Lord Abbett Mid Cap Value Portfolio                 0.68%     0.07%    --        --    0.75%         --         0.75%(4)
 Met/AIM Small Cap Growth Portfolio                  0.86%     0.03%    --        --    0.89%         --         0.89%   
 MFS(R) Emerging Markets Equity Portfolio            0.98%     0.13%    --        --    1.11%         --         1.11%   
 MFS(R) Research International Portfolio             0.70%     0.07%    --        --    0.77%         --         0.77%   
 Oppenheimer Capital Appreciation Portfolio          0.59%     0.03%    --        --    0.62%         --         0.62%   
 PIMCO Total Return Portfolio                        0.48%     0.04%    --        --    0.52%         --         0.52%   
 Van Kampen Mid Cap Growth Portfolio                 0.70%     0.19%    --        --    0.89%         --         0.89%(5)
METROPOLITAN SERIES FUND, INC. -- CLASS A                                                                                
 BlackRock Bond Income Portfolio                     0.38%     0.05%    --        --    0.43%         --         0.43%(6)
 BlackRock Money Market Portfolio                    0.32%     0.02%    --        --    0.34%         --         0.34%(7)
 T. Rowe Price Large Cap Growth Portfolio            0.60%     0.07%    --        --    0.67%         --         0.67%   
 T. Rowe Price Small Cap Growth Portfolio            0.51%     0.08%    --        --    0.59%         --         0.59%   
 Western Asset Management Strategic Bond                                                                                 
   Opportunities Portfolio                           0.60%     0.05%    --        --    0.65%         --         0.65%   
PUTNAM VARIABLE TRUST -- CLASS IA                                                                                        
 Putnam VT Growth and Income Fund                    0.53%     0.07%    --        --    0.60%         --         0.60%(8)
 Putnam VT Vista Fund                                0.65%     0.15%    --     0.01%    0.81%         --         0.81%   

--------------------------------------------------------------------------------

* Acquired Fund Fees and Expenses are fees and expenses incurred indirectly by
a portfolio as a result of investing in shares of one or more underlying  
portfolios.                                                               

** Net Total Annual Operating Expenses do not reflect: (1) voluntary waivers of 
fees or expenses; (2) contractual waivers that are in effect for less than
one year from the date of this Prospectus; or (3) expense reductions      
resulting from custodial fee credits or directed brokerage arrangements.  

(1) The Fund's advisor has contractually agreed, through at least April 30,     
 2010, to waive the advisory fee payable by the Fund in an amount equal to
100% of the net advisory fees Invesco Aim receives from affiliated money
market funds on investments by the Fund of uninvested cash (excluding   
 investments of cash allocated from securities lending) in such affiliated
money market funds. The Fee Waiver reflects this agreement.             

(2) The manager has agreed in advance to reduce its fee from assets invested by 
the Fund in a Franklin Templeton money market fund (the Sweep Money Fund
   which is the "acquired fund" in this case) to the extent of the Fund's fees
and expenses of the acquired fund. This reduction is required by the    
Trust's board of trustees and an exemptive order by the Securities and  
Exchange Commission; this arrangement will continue as long as the      
exemptive order is relied upon.                                         

(3) Other Expenses include 0.02% of deferred expense reimbursement from a prior 
period.                                                                 

(4) Other Expenses include 0.03% of deferred expense reimbursement from a prior 
period.                                                                 

(5) Other Expenses include 0.08% of deferred expense reimbursement from a prior 
period.                                                                 

(6) MetLife Advisers, LLC has contractually agreed, for the period May 1, 2009  
  through April 30, 2010, to reduce the management fee for each Class of the
Portfolio to the annual rate of 0.325% for the Portfolio's average daily
net assets in excess of $1 billion but less than $2 billion.            

(7) MetLife Advisers, LLC has contractually agreed, for the period May 1, 2009  
  through April 30, 2010, to reduce the management fee for each Class of the
Portfolio to the annual rate of 0.345% for the first $500 million of the
  Portfolio's average daily net assets and 0.335% for the next $500 million.
Other Expenses include Treasury Guarantee Program expenses of 0.012%    
incurred for the period September 19, 2008 through December 31, 2008.   

(8) Other Expenses include estimated expenses attributable to the fund's        
 investments in other investment companies that the fund bears indirectly.

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..   DEDUCTIONS FOR SURRENDERS, PARTIAL WITHDRAWALS AND TRANSFERS.              

SURRENDER CHARGE. A Surrender Charge may be deducted in the event you make a    
full or partial withdrawal of your Policy. If you surrender your Policy or let  
it lapse during the first ten Policy years, we will keep part of the            
Accumulation Account Value of your Policy to help us recover the costs of       
selling and issuing the Policy.                                                 

The Surrender Charge is 45% of the Target Premium if you surrender the Policy   
or let it lapse during the first five Policy years. Afterwards, the amount of   
the Surrender Charge goes down each month. After the 10th Policy year there is  
no charge. A Surrender Charge will apply to any decrease in Face Amount.        

There is a table in your Policy that shows the amount of the Target Premium and 
the percentage of the Surrender Charge for each month.                          

If you make a partial withdrawal from your Policy, we will charge a pro-rated   
portion of the Surrender Charge. There may also be a Partial Withdrawal Fee     
charged.                                                                        

PARTIAL WITHDRAWAL FEE AND TRANSFER FEE. The first 12 requested transfers or    
partial withdrawals in a Policy year are free. For each partial withdrawal or   
transfer in excess of 12 in a Policy year, there is a fee assessed which is     
currently equal to $25.                                                         

5.  DEATH BENEFIT                                                               

The amount of the death benefit depends on:                                     

..   the Face Amount of your Policy;                                            

..   the death benefit option in effect at the time of the Insured's death; and 

..   under some circumstances the Accumulation Account Value of your Policy.    

There are three death benefit options: Option A, Option B and Option C. If      
death benefit Option A is in effect, the death benefit is the greater of your   
total Face Amount in effect or the Accumulation Account Value of your Policy on 
the date of the Insured's death multiplied by the applicable factor. Under this 
option, the amount of the death benefit is fixed, except when we use the factor 
to determine the benefit percentage.                                            

If death benefit Option B is in effect, the death benefit is the greater of     
your total Face Amount in effect plus the Accumulation Account Value of your    
Policy, or the Accumulation Account Value of your Policy multiplied by the      
applicable factor. Under this option, the amount of the death benefit is        
variable (but will never be less than the Face Amount).                         

If death benefit Option C is in effect, the death benefit is the greater of     
your total Face Amount in effect or the Accumulation Account Value multiplied   
by an Attained Age factor.                                                      

So long as the Policy remains in force, prior to the Insured's Attained Age     
100, the minimum death benefit will be at least the current Face Amount.        

Under certain circumstances you can change death benefit options. You can also  
change the Face Amount under certain circumstances.                             

At the time of application for a Policy, you designate a Beneficiary who is the 
person or persons who will receive the death proceeds. You can change your      
Beneficiary unless you have designated an irrevocable Beneficiary. The          
Beneficiary does not have to be a natural person.                               

6.  TAXES                                                                       

Your Policy has been designed to comply with the definition of life insurance   
in the Internal Revenue Code. As a result, the death proceeds paid under the    
Policy should be excludable from the gross income of your Beneficiary. However, 
estate taxes may apply. Any earnings in your Policy are not taxed until you     
take them out. The tax treatment of the loan proceeds and surrender proceeds    
will depend on whether the Policy is considered a Modified Endowment Contract   
(MEC). Proceeds taken out of a MEC are considered to come from earnings first   
and are includible in taxable income. If you are younger than 59 1/2 when you   
take money out of a MEC, you may also be subject to a 10% Federal tax penalty   
on the earnings withdrawn.                                                      

7.  ACCESS TO YOUR MONEY                                                        

You can terminate your Policy at any time during the lifetime of the Insured    
and we will pay you the Cash Surrender Value of your Policy. At any time during 
the                                                                             

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Insured's lifetime and before the Policy has terminated, you may withdraw a     
part of your Accumulation Account Value subject to the requirements of the      
Policy. When you terminate your Policy or make a partial withdrawal, a          
surrender charge and partial withdrawal fee may be assessed.                    

You can also borrow against the Accumulation Account Value of your Policy.      

8.  OTHER INFORMATION                                                           

FREE LOOK. You can cancel the Policy within 20 days after you receive it or the 
45th day after you sign your application, whichever period ends later. We will  
refund all premiums paid. If you are 60 years or older on the Issue Date, you   
can cancel your Policy within 30 days after you receive it in which case we     
will refund your Policy's Account Value plus fees and charges (i.e., premium    
tax charge, Federal tax charge, selection and issue expense charge, cost of     
insurance, monthly Policy charge, percent of premium charge and mortality and   
expense risk charge) deducted from the Account Value as of the day we receive   
your returned Policy. Upon completion of the underwriting process, we will      
allocate your initial Net Premium to the Money Market until the reallocation    
date, which occurs upon the expiration of the free look period. After that, we  
will invest your Policy's Accumulation Account Value and any subsequent         
premiums as you requested.                                                      

WHO SHOULD PURCHASE THE POLICY? The Policy is designed for individuals and      
businesses that have a need for death protection but who also desire to         
potentially increase the values in their policies through investment in the     
Investment Funds. The Policy offers the following to individuals:               

..   create or conserve one's estate;                                           

..   supplement retirement income; and                                          

..   access to funds through loans and surrenders.                              

If you currently own a variable life insurance policy on the life of the        
Insured, you should consider whether the purchase of the Policy is appropriate. 

Also, you should carefully consider whether the Policy should be used to        
replace an existing Policy on the life of the Insured.                          

ADDITIONAL FEATURES. The following additional features are offered:             

..   you can arrange to have a regular amount of money automatically transferred
   from the BlackRock Money Market Portfolio to selected Investment Funds each
month, theoretically giving you a lower average cost per unit over time 
    than a single one time purchase. We call this feature Dollar Cost Averaging.

..   you can arrange to automatically readjust your Accumulation Account Value  
   between Investment Funds periodically to keep the allocation you select. We
call this feature Portfolio Rebalancing.                                

..   we also offer a number of additional riders that are common to life        
insurance policies.                                                     

Consult your registered representative regarding the availability of these      
features and riders.                                                            

9.  INQUIRIES                                                                   

If you need more information about purchasing a Policy, or if you need          
Policyowner service (such as changes in Policy information, inquiry into Policy 
values, or to make a loan), please contact us at our Service Office:            

MetLife Life Administration - Equity Products                             
P.O. Box 358                                                              
Warwick, RI 02887-0358                                                    
(800) 638-9294                                                            

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PART I                                                                          

1.  THE VARIABLE LIFE INSURANCE POLICY                                          

The variable life insurance Policy is a contract between you, the Owner, and    
us, an insurance company. This kind of Policy is most commonly used for         
retirement planning and/or estate planning.                                     

The Policy provides for life insurance coverage on the Insured. It has an       
Accumulation Account Value, a death benefit, surrender rights, loan privileges  
and other characteristics associated with traditional and universal life        
insurance. However, since the Policy is a variable life insurance policy, the   
value of your Policy will increase or decrease depending upon the investment    
experience of the Investment Funds you choose. The duration or amount of the    
death benefit may also vary based on the investment performance of the          
underlying Investment Funds. To the extent you select any of the Investment     
Funds, you bear the investment risk. If your Accumulation Account Value less    
any loans, loan interest accrued, unpaid selection and issue charge due for the 
remainder of the first Policy year and, if surrender charges and any Partial    
Withdrawal Fee are insufficient to pay the monthly deductions, the Policy may   
terminate.                                                                      

Because the Policy is like traditional and universal life insurance, it         
provides a death benefit which is paid to your named Beneficiary. When the      
Insured dies, the death proceeds are paid to your Beneficiary which should be   
excludable from the gross income of the Beneficiary. The tax-free death         
proceeds make this an excellent way to accumulate money you do not think you    
will use in your lifetime. It is also a tax-efficient way to provide for those  
you leave behind. If you need access to your money, you can borrow from the     
Policy, make a total surrender or a partial withdrawal.                         

2.  PURCHASES                                                                   

APPLICATION FOR A POLICY                                                        

We no longer offer the Policy to new purchasers. We do continue to accept       
premium payment from existing Owners. In order to purchase a Policy, you must   
submit an application to us that requests information about the proposed        
Insured. In some cases, we will ask for additional information. We may request  
that the proposed Insured provide us with medical records, a physician's        
statement or possibly require other medical tests.                              

PREMIUMS                                                                        

Before coverage begins under a Policy, the application and the premium must be  
in good order as determined by our administrative rules. You may receive a copy 
of a Policy before that time for examination but there will be no coverage.     
Each premium after the initial premium must be at least $10. The Policy is not  
designed for professional market timing organizations, other entities, or       
persons using programmed, large, or frequent transfers.                         

You can establish a schedule of planned premiums. We will send you billing      
notices for these premium payments. A failure to pay such a premium payment     
will not itself cause the Policy to lapse.                                      

If you send premium payments or transaction requests to an address other than   
the one we have designated for receipt of such payments or requests, we may     
return the premium payment to you, or there may be a delay applying the payment 
or transaction to your Policy.                                                  

UNSCHEDULED PREMIUMS                                                            

You can make additional unscheduled premium payments at any time while the      
Policy is in force. However, in order to preserve the favorable tax status of   
the Policy, we may limit the amount of the premiums and may return any premiums 
that exceed the limits stated under the Internal Revenue Code.                  

If MetLife Investors receives a premium payment which would cause the death     
benefit to increase by an amount that exceeds the Net Premium portion of the    
payment, then MetLife Investors reserves the right to:                          

(1)refuse that premium payment; or                                              

(2)require additional evidence of insurability before it accepts the premium.   

LAPSE AND GRACE PERIOD                                                          

During the first 5 Policy years, your Policy will not lapse if the Cash         
Surrender Value of your Policy is insufficient to pay for the monthly           
deductions when:                                                                

..   the sum of all premiums paid on the Policy (reduced by any partial         
  withdrawals and any outstanding loan balance) is at least equal to the sum
of the No Lapse Monthly Premiums for the elapsed months since the Issue 
Date.                                                                   

The No Lapse Monthly Premium amount is found on the specifications page of your 
Policy. This amount may be modified if you change your Face Amount, make a      
change                                                                          

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in the premium class of the Insured within 5 years of the Issue Date, or if     
there is an addition or deletion of a rider.                                    

Lapse will occur if:                                                            

..   the Cash Surrender Value is not sufficient to cover the monthly deduction  
(except for reasons stated above);                                      

..   the sum of all the premiums you paid into the Policy (reduced by any       
partial withdrawal or any outstanding loan balance) is less than the No 
Lapse Monthly Premium; and                                              

..   a grace period expires without a sufficient premium payment.               

When a Policy is about to terminate, the Policy provides a grace period in      
order for you to make a premium payment or a loan repayment to keep your Policy 
in force. The grace period, which is 62 days, begins on the Monthly Anniversary 
on which the Cash Surrender Value is insufficient to meet the next monthly      
deduction. We will notify you by mail of the amount of additional premium that  
must be paid to keep the Policy from terminating. If we do not receive the      
required amount within the grace period, the Policy will lapse and terminate    
without Accumulation Account Value.                                             

If the Insured dies during the grace period, any overdue monthly deductions     
will be deducted from the death benefit otherwise payable.                      

REINSTATEMENT                                                                   

If your Policy terminated at the end of a grace period, you can request that we 
reinstate it (restore your insurance coverage) anytime within 5 years after its 
termination. To reinstate your Policy you must:                                 

..   submit a written request for reinstatement;                                

..   submit proof satisfactory to us that the Insured is still insurable at the 
  risk class that applies for the latest Face Amount portion then in effect;

..   pay a Net Premium large enough to cover the monthly deductions that were   
  due at the time of lapse and 2 times the monthly deduction due at the time
of reinstatement; and                                                   

..   pay an amount large enough to cover any loan interest due and unpaid at the
time of lapse.                                                          

The reinstatement date is the date on or following the day we approve the       
application for reinstatement. The Accumulation Account Value of your Policy on 
the reinstatement date is equal to:                                             

..   the amount of any Policy loan reinstated;                                  

..   increased by the Net Premiums paid at reinstatement, any Policy loan paid  
 at the time of reinstatement, and the amount of any surrender charge paid
at the time of lapse.                                                   

The Policy may not be reinstated if it has been surrendered or if the Insured   
dies before the reinstatement date. There will be a full monthly deduction for  
the Policy month which includes the reinstatement date.                         

ALLOCATION OF PREMIUM                                                           

When we receive a premium from you, we deduct:                                  

..   a Tax Charge for premium taxes and Federal taxes; and                      

..   a Sales Charge.                                                            

The premium less these charges is referred to as the Net Premium. Your Net      
Premium is allocated to the General Account or one or more of the Investment    
Funds, as selected by you.                                                      

When we issue you a Policy, we automatically allocate your initial premium to   
the money market Investment Fund. Once the free look period expires, the        
Accumulation Account Value of your Policy is allocated to the General Account   
and/or the Investment Funds in accordance with your selections requested in the 
application. For any chosen allocation, the percentages must be in whole        
numbers. This allocation is not subject to the transfer fee provision. However, 
we reserve the right to limit the number of selections that you may invest in   
at any one time.                                                                

ACCUMULATION ACCOUNT VALUE OF YOUR POLICY                                       

The Accumulation Account Value equals the sum of the amounts in the General     
Account, the Investment Funds you have selected, and the Loan Account.          

METHOD OF DETERMINING ACCUMULATION ACCOUNT VALUE OF AN INVESTMENT FUND          

The value of your Policy will go up or down depending upon the investment       
performance of the Investment Fund(s) you choose and the charges and deductions 
made against your Policy.                                                       

The Accumulation Account Value of the Investment Funds is determined for each   
Valuation Period. When we apply your initial premium to an Investment Fund, the 
Accumulation Account Value equals the Net Premium allocated to the Investment   
Fund, minus the monthly deduction(s) due from the Issue Date through the        

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Investment Start Date. Thereafter, on each Valuation Date, the Accumulation     
Account Value in an Investment Fund will equal:                                 

(1) The Accumulation Account Value in the Investment Fund on the preceding      
 Valuation Date, multiplied by the Investment Fund's Net Investment Factor
(defined below) for the current Valuation Period; plus                  

(2) Any Net Premium payments received during the current Valuation Period which 
are allocated to the Investment Fund; plus                              

(3) Any loan repayments allocated to the Investment Fund during the current     
Valuation Period; plus                                                  

(4) Any amounts transferred to the Investment Fund from the General Account or  
from another Investment Fund during the current Valuation Period; plus  

(5) That portion of the interest credited on outstanding loans which is         
   allocated to the Investment Fund during the current Valuation Period; minus

(6) Any amounts transferred from the Investment Fund to the General Account,    
Loan Account, or to another Investment Fund during the current Valuation
Period (including any transfer charges); minus                          

(7) Any partial withdrawals from the Investment Fund during the current         
Valuation Period; minus                                                 

(8) Any withdrawal due to a Pro-Rata Surrender from the Investment Fund during  
the current Valuation Period; minus                                     

(9) Any withdrawal or surrender charges incurred during the current Valuation   
Period attributed to the Investment Fund in connection with a partial   
withdrawal or Pro-Rata Surrender; minus                                 

(10)If a Monthly Anniversary occurs during the current Valuation Period, the    
portion of the monthly deduction allocated to the Investment Fund during
  the current Valuation Period to cover the Policy month which starts during
that Valuation Period.                                                  

NET INVESTMENT FACTOR                                                           

The Net Investment Factor measures the investment performance of an Investment  
Fund during a Valuation Period. The Net Investment Factor for each Investment   
Fund for a Valuation Period is calculated as follows:                           

(1)The value of the assets at the end of the preceding Valuation Period; plus   

(2)The investment income and capital gains, realized or unrealized, credited to 
the assets in the Valuation Period for which the Net Investment Factor is 
being determined; minus                                                   

(3)The capital losses, realized or unrealized, charged against those assets     
during the Valuation Period; minus                                        

(4)Any amount charged against each Investment Fund for taxes, including any tax 
or other economic burden resulting from the application of the tax laws   
  determined by us to be properly attributable to the Investment Funds, or any
amount set aside during the Valuation Period as a reserve for taxes       
 attributable to the operation or maintenance of each Investment Fund; minus

(5)The mortality and expense risk charge equal to a percentage of the average   
 net assets for each day in the Valuation Period. This charge, for mortality
and expense risks, is determined by the length of time the Policy has been
in force. It will not exceed the amounts shown in the following table:    

                                                                [Download Table]

Policy   Percentage of   Effective 
Years   Avg. Net Assets Annual Rate
------  --------------- -----------
                                   
1-10       0.0015027       0.55%   
11-20      0.0012301       0.45%   
21+        0.0009572       0.35%   

divided by                                                                      

(6)The value of the assets at the end of the preceding Valuation Period.        

OUR RIGHT TO REJECT OR RETURN A PREMIUM PAYMENT                                 

In order to receive the tax treatment for life insurance under the Internal     
Revenue Code (Code), a Policy must initially qualify and continue to qualify as 
life insurance under the Code. To maintain this qualification, we have reserved 
the right under the Policy to return any premiums paid which we have determined 
will cause the Policy to fail as life insurance. We also have the right to make 
changes in the Policy or to make a distribution to the extent we determine this 
is necessary to continue to qualify the Policy as life insurance. Such          
distributions may have current income tax consequences to you.                  

If subsequent premiums would cause your Policy to become a Modified Endowment   
Contract (MEC), we will notify you and give you an opportunity to receive a     
refund of the excess premium to prevent your policy from being treated          

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as a MEC. (See "Federal Tax Status" for further discussion of the Policy's      
qualification as a life insurance contract under the Code and the consequences  
of being a MEC.) If mandated under other applicable federal or state law, we    
also may be required to return a premium payment.                               

3.  INVESTMENT FUNDS                                                            

The Policy offers the Investment Funds which are listed below. Appendix A       
contains a summary of investment objectives and subadvisers, if any, for each   
Investment Fund. Additional Investment Funds may be available in the future.    

YOU SHOULD READ THE PROSPECTUSES FOR THESE FUNDS CAREFULLY. YOU CAN OBTAIN      
COPIES OF THE FUND PROSPECTUSES BY CALLING OR WRITING TO US AT METLIFE          
INVESTORS, P.O. BOX 358, WARWICK, RI 02887-0358, 1-800-638-9294. YOU CAN ALSO   
OBTAIN INFORMATION ABOUT THE FUNDS (INCLUDING A COPY OF THE STATEMENT OF        
ADDITIONAL INFORMATION) BY ACCESSING THE SECURITIES AND EXCHANGE COMMISSION'S   
WEBSITE AT HTTP://WWW.SEC.GOV.                                                  

CERTAIN PAYMENTS WE RECEIVE WITH REGARD TO THE INVESTMENT FUNDS. An investment  
adviser (other than our affiliate, MetLife Advisers, LLC) or subadviser of an   
Investment Fund or its affiliates may compensate us and/or certain affiliates   
for administrative or other services relating to the Investment Funds. The      
amount of the compensation is not deducted from Investment Fund assets and does 
not decrease the Investment Fund's investment return. The amount of the         
compensation is based on a percentage of assets of the Investment Funds         
attributable to the policies and certain other variable insurance products that 
we and our affiliates issue. These percentages differ and some advisers or      
subadvisers (or other affiliates) may pay us more than others. These            
percentages currently range up to 0.50%. Additionally, an investment adviser or 
subadviser of an investment fund or its affiliates may provide us with          
wholesaling services that assist in the distribution of the policies and may    
pay us and/or certain affiliates amounts to participate in sales meetings.      
These amounts may be significant and may provide the adviser or subadviser (or  
other affiliate) with increased access to persons involved in the distribution  
of the policies.                                                                

We and certain of our affiliated insurance companies are joint owners of our    
affiliated investment adviser, MetLife Advisers, LLC, which is formed as a      
"limited liability company." Our ownership interests entitle us to profit       
distributions if the adviser makes a profit with respect to the advisory fees   
it receives from an Investment Fund. We may benefit accordingly from assets     
allocated to the Investment Funds to the extent they result in profits to the   
adviser. See "Expenses -- Annual Operating Expenses" for information on the     
management fee paid by the Investment Funds and the Statement of Additional     
Information for the Investment Funds for information on the management fees     
paid by the advisers to the subadvisers.                                        

HOW WE SELECT THE INVESTMENT FUNDS. We select the Investment Funds offered      
through the Policy based on several criteria, including asset class coverage,   
the strength of the adviser's or sub-adviser's reputation and tenure, brand     
recognition, performance, and the capability and qualification of each          
investment firm. Another factor we consider during the selection process is     
whether the Investment Fund's adviser or sub-adviser is one of our affiliates   
or whether the Investment Fund, its adviser, its sub-adviser(s), or an          
affiliate will compensate us or our affiliates for providing certain            
administrative and other services, as described above. In some cases, we have   
included Investment Funds based on recommendations made by selling firms        
through which the contract is sold. We review the Investment Funds periodically 
and may remove an Investment Fund or limit its availability to new purchase     
payments and/or transfers of cash value if we determine that the Investment     
Fund no longer meets one or more of the selection criteria, and/or if the       
Investment Fund has not attracted significant allocations from policy owners.   
We do not provide investment advice and do not recommend or endorse any         
particular Investment Fund.                                                     

AIM VARIABLE INSURANCE FUNDS                                                    
(SERIES I SHARES)                                                               

AIM Variable Insurance Funds is a mutual fund with multiple portfolios. Invesco 
Aim Advisors, Inc. is the investment adviser to each portfolio. The following   
Series I portfolio is available under the policy:                               

AIM V.I. International Growth Fund                                          

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1)                  

Franklin Templeton Variable Insurance Products Trust currently consists of      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

Templeton Foreign Securities Fund                                           

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MET INVESTORS SERIES TRUST                                                      
(CLASS A)                                                                       

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. Met Investors Series Trust is a mutual fund     
with multiple portfolios. MetLife Advisers, LLC has engaged subadvisers to      
provide investment advice for the individual investment portfolios. The         
following Class A portfolios are available under the policy:                    

Clarion Global Real Estate Portfolio                                          
Lazard Mid Cap Portfolio                                                      
Legg Mason Partners Aggressive Growth Portfolio                               
Lord Abbett Bond Debenture Portfolio                                          
Lord Abbett Growth and Income Portfolio                                       
Lord Abbett Mid Cap Value Portfolio                                           
Met/AIM Small Cap Growth Portfolio                                            
MFS(R) Emerging Markets Equity Portfolio                                      
MFS(R) Research International Portfolio                                       
Oppenheimer Capital Appreciation Portfolio                                    
PIMCO Total Return Portfolio                                                  
Van Kampen Mid Cap Growth Portfolio                                           

METROPOLITAN SERIES FUND, INC. (CLASS A)                                        

Metropolitan Series Fund, Inc. is a mutual fund with multiple portfolios.       
MetLife Advisers, LLC is the investment adviser to the portfolios. MetLife      
Advisers, LLC has engaged subadvisers to provide investment advice for the      
individual investment portfolios. The following Class A portfolios are          
available under the policy:                                                     

BlackRock Bond Income Portfolio                                               
BlackRock Money Market Portfolio                                              
T. Rowe Price Large Cap Growth Portfolio                                      
T. Rowe Price Small Cap Growth Portfolio                                      
Western Asset Management Strategic Bond Opportunities Portfolio               

PUTNAM VARIABLE TRUST (CLASS IA)                                                

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following Class IA portfolios are available under the policy:                   

Putnam VT Growth and Income Fund                                              
Putnam VT Vista Fund                                                          
Shares of the Investment Funds may be offered in connection with certain        
variable annuity contracts and variable life insurance policies of various life 
insurance companies which may or may not be affiliated with us. Certain         
Investment Funds may also be sold directly to qualified plans. The Funds        
believe that offering their shares in this manner will not be disadvantageous   
to you.                                                                         

We may enter into certain arrangements under which we are reimbursed by the     
Investment Funds' advisers, distributors and/or affiliates for the              
administrative services which we provide to the Funds.                          

SUBSTITUTION AND LIMITATIONS ON FURTHER INVESTMENTS                             

We may substitute one or more of the Investment Funds you have selected with    
another Investment Fund. We will not do this without the prior approval of the  
SEC. We may also limit further investment in an Investment Fund. We will give   
you notice of our intention to do this.                                         

TRANSFERS                                                                       

At your request, we will transfer amounts in your Policy from any Investment    
Fund to another Investment Fund, or to and from the General Account (subject to 
restrictions). The minimum amount that can be transferred is the lesser of the  
minimum transfer amount (currently $500), or the total value in an Investment   
Fund or the General Account. You can make twelve transfers or partial           
withdrawals in a Policy year without charge. Restrictions apply: refer to the   
"Market Timing" section below. We currently charge a transfer fee of $25 for    
additional transfers in a Policy year.                                          

You cannot make a transfer out of our General Account in the first Policy year. 
The maximum amount you can transfer from the General Account in any Policy year 
after the 1st is the greater of:                                                

(a)25% of a Policy's Cash Surrender Value in the General Account at the         
beginning of the Policy year; or                                          

(b)the previous Policy year's General Account maximum withdrawal amount not to  
exceed the total Cash Surrender Value of the Policy.                      

We are not currently imposing the above restrictions, but we reserve the right  
to do so.                                                                       

Transfers resulting from Policy loans will not be counted for purposes of the   
limitations on the amount or frequency of transfers allowed in each Policy year.

MARKET TIMING                                                                   

Frequent requests from policy owners to transfer cash value may dilute the      
value of an investment fund's shares if the frequent trading involves an        
attempt to take advantage of pricing inefficiencies created by a lag between a  
change                                                                          

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in the value of the securities held by the investment fund and the reflection   
of that change in the investment fund's share price ("arbitrage trading").      
Regardless of the existence of pricing inefficiencies, frequent transfers may   
also increase brokerage and administrative costs of the underlying investment   
funds and may disrupt portfolio management strategy, requiring an investment    
fund to maintain a high cash position and possibly resulting in lost investment 
opportunities and forced liquidations ("disruptive trading"). Accordingly,      
arbitrage trading and disruptive trading activities (referred to collectively   
as "market timing") may adversely affect the long-term performance of the       
investment funds, which may in turn adversely affect policy owners and other    
persons who may have an interest in the policies (e.g., beneficiaries).         

We have policies and procedures that attempt to detect and deter frequent       
transfers in situations where we determine there is a potential for arbitrage   
trading. Currently, we believe that such situations may be presented in the     
international, small-cap, and high-yield investment portfolios (i.e., the AIM   
V.I. International Growth Fund, Templeton Foreign Securities Fund, Clarion      
Global Real Estate Portfolio, Lord Abbett Bond Debenture Portfolio, MFS(R)      
Emerging Markets Equity Portfolio, MFS(R) Research International Portfolio,     
Met/AIM Small Cap Growth Portfolio, Western Asset Management Strategic Bond     
Opportunities Portfolio and T. Rowe Price Small Cap Growth Portfolio) (the      
"Monitored Portfolios") and we monitor transfer activity in those Investment    
Funds. We employ various means to monitor transfer activity, such as examining  
the frequency and size of transfers into and out of the Monitored Portfolios    
within given periods of time. For example, we currently monitor transfer        
activity to determine if, for each category of international, small-cap, and    
high-yield investment fund, in a 12-month period there were, (1) six or more    
transfers involving the given category; (2) cumulative gross transfers          
involving the given category that exceed the current Cash Value; and (3) two or 
more "round-trips" involving any Monitored Portfolio in the given category. A   
round-trip generally is defined as a transfer in followed by a transfer out     
within the next seven calendar days or a transfer out followed by a transfer in 
within the next seven calendar days, in either case subject to certain other    
criteria.                                                                       

We do not believe that other investment funds present a significant opportunity 
to engage in arbitrage trading and therefore do not monitor transfer activity   
in those investment funds. We may change the Monitored Portfolios at any time   
without notice in our sole discretion. In addition to monitoring transfer       
activity in certain investment funds, we rely on the underlying investment      
funds to bring any potential disruptive trading activity they identify to our   
attention for investigation on a case-by-case basis. We will also investigate   
other harmful transfer activity that we identify from time to time. We may      
revise these policies and procedures in our sole discretion at any time without 
prior notice.                                                                   

Our policies and procedures may result in transfer restrictions being applied   
to deter market timing. Currently, when we detect transfer activity in the      
Monitored Portfolios that exceeds our current transfer limits, or other         
transfer activity that we believe may be harmful to other owners or other       
persons who have an interest in the Policies, we require all future transfer    
requests to or from any Monitored Portfolios or other identified funds under    
that policy to be submitted either (i) in writing with an original signature or 
(ii) by telephone prior to 10:00 a.m. Transfers made under the dollar cost      
averaging or rebalancing program are not treated as transfers when we evaluate  
trading patterns for market timing.                                             

The detection and deterrence of harmful transfer activity involves judgments    
that are inherently subjective, such as the decision to monitor only those      
investment funds that we believe are susceptible to arbitrage trading or the    
determination of transfer limits. Our ability to detect and/or restrict such    
transfer activity may be limited by operational and technological systems, as   
well as our ability to predict strategies employed by Policy Owners to avoid    
such detection. Our ability to restrict such transfer activity may also be      
limited by provisions of the policy. Accordingly, there is no assurance that we 
will prevent all transfer activity that may adversely affect Policy Owners and  
other persons with interests in the policies. We do not accommodate market      
timing in any Investment Funds and there are no arrangements in place to permit 
any policy owner to engage in market timing. We apply our policies and          
procedures without exception, waiver or special arrangement.                    

The Investment Funds may have adopted their own policies and procedures with    
respect to frequent purchases and redemptions of their respective shares, and   
we reserve the right to enforce these policies and procedures. For example,     
investment funds may assess a redemption fee (which we reserve the right to     
collect) on shares held for a relatively short period. The prospectuses for the 
investment funds                                                                

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describe any such policies and procedures, which may be more or less            
restrictive than the policies and procedures we have adopted. Although we may   
not have the contractual authority or the operational capacity to apply the     
frequent trading policies and procedures of the investment funds, we have       
entered into a written agreement, as required by SEC regulation, with each      
investment fund or its principal underwriter that obligates us to provide to    
the investment fund promptly upon request certain information about the trading 
activity of individual Policy Owners, and to execute instructions from the      
investment fund to restrict or prohibit further purchases or transfers by       
specific Policy Owners who violate the frequent trading policies established by 
the investment fund.                                                            

In addition, Policy Owners and other persons with interests in the Policies     
should be aware that the purchase and redemption orders received by the         
investment funds generally are "omnibus" orders from intermediaries such as     
retirement plans and separate accounts funding variable insurance products. The 
omnibus orders reflect the aggregation and netting of multiple orders from      
individual owners of variable insurance products and/or individual retirement   
plan participants. The omnibus nature of these orders may limit the investment  
funds in their ability to apply their frequent trading policies and procedures. 
In addition, the other insurance companies and/or retirement plans may have     
different policies and procedures or may not have any such policies and         
procedures because of contractual limitations. For these reasons, we cannot     
guarantee that the Investment Funds (and thus Policy Owners) will not be harmed 
by transfer activity relating to the other insurance companies and/or           
retirement plans that may invest in the investment funds. If an investment fund 
believes that an omnibus order reflects one or more transfer requests from      
Policy Owners engaged in disruptive trading activity, the investment fund may   
reject the entire omnibus order.                                                

In accordance with applicable law, we reserve the right to modify or terminate  
the transfer privilege at any time. We also reserve the right to defer or       
restrict the transfer privilege at any time that we are unable to purchase or   
redeem shares of any of the investment funds, including any refusal or          
restriction on purchases or redemptions of their shares as a result of their    
own policies and procedures on market timing activities (even if an entire      
omnibus order is rejected due to the market timing activity of a single policy  
owner). You should read the Investment Fund prospectuses for more details.      

DOLLAR COST AVERAGING                                                           

Dollar cost averaging is a program which enables you to allocate specified      
dollar amounts from the BlackRock Money Market Portfolio to other Investment    
Funds on a monthly basis. By allocating amounts on a monthly basis, you may be  
less susceptible to the impact of market fluctuations.                          

The minimum transfer amount is $100. The minimum amount that can be allocated   
to an Investment Fund is 5% of the amount transferred. You can elect to         
participate in this program at any time by properly completing the dollar cost  
averaging election form.                                                        

Dollar cost averaging will terminate when any of the following occurs:          

1) the value of the BlackRock Money Market Portfolio is completely depleted; or 

2) you request termination in writing.                                          

There is no current charge for dollar cost averaging but we reserve the right   
to charge for this program in the future. Transfers made under dollar cost      
averaging do not count against the total of 12 transfers allowed without charge 
in a Policy year. Dollar cost averaging cannot be used simultaneously with the  
portfolio rebalancing program.                                                  

PORTFOLIO REBALANCING                                                           

Over time, the funds in the General Account and the Investment Funds will       
accumulate at different rates as a result of different investment returns. You  
may direct us to automatically restore the balance of the Accumulation Account  
Value in the General Account and in the Investment Funds to the percentages     
determined in advance. There are two methods of rebalancing available --        
periodic and variance.                                                          

PERIODIC REBALANCING. Under this option you elect a frequency (monthly,         
quarterly, semiannually or annually), measured from the Policy anniversary. On  
each date elected, we will rebalance the Investment Funds and/or General        
Account to reallocate the Accumulation Account Value according to the           
investment percentages you elected.                                             

VARIANCE REBALANCING. Under this option you elect a specific allocation         
percentage for the General Account and each Investment Fund. For each such      
account, the allocation percentage (if not zero) must be a whole percentage and 
must not be less than five percent. You also elect a maximum variance           
percentage (5%, 10%, 15%, or 20% only), and can exclude specific Investment     
Funds and/ or the General Account from being rebalanced. On each                

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Monthly Anniversary we will review the current balances to determine whether    
any Investment Fund balance is outside of the variance range (either above or   
below) as a percentage of the specified allocation percentage. If any           
Investment Fund is outside of the variance range, we will generate transfers to 
rebalance all of the specified Investment Funds and/or the General Account back 
to the predetermined percentages.                                               

Transfers resulting from portfolio rebalancing will not be counted against the  
total number of transfers allowed in a Policy year before a charge is applied.  

You may elect either method of portfolio rebalancing by specifying it on the    
Policy application, or may elect it later for an in force Policy, or may cancel 
it, by submitting a change form acceptable to us.                               

We reserve the right to suspend portfolio rebalancing at any time on any class  
of policies on a nondiscriminatory basis, or to charge an administrative fee    
for election changes in excess of a specified number in a Policy year in        
accordance with our administrative rules. Portfolio rebalancing cannot be used  
simultaneously with the dollar cost averaging program.                          

APPROVED ASSET ALLOCATION PROGRAMS                                              

We recognize the value to certain Owners of having available, on a continuous   
basis, advice for the allocation of their money among the Investment Funds      
available under the Policy. Certain providers of these types of services have   
agreed to provide such services to Owners in accordance with our administrative 
rules regarding such programs.                                                  

We have made no independent investigation of these programs. We have only       
established that these programs are compatible with our administrative systems  
and rules.                                                                      

Even though we permit the use of approved asset allocation programs, the Policy 
was not designed for professional market timing organizations. Repeated         
patterns of frequent transfers are disruptive to the operations of the          
Investment Funds, and should we become aware of such disruptive practices, we   
may modify the transfer privilege either on an individual or class basis.       

If you participate in an approved asset allocation program, the transfers made  
under the program are not taken into account in determining any transaction     
charges.                                                                        

4.  EXPENSES                                                                    

We make certain charges and deductions under the Policy. These charges and      
deductions compensate us for: (1) services and benefits we provide; (2) costs   
and expenses we incur; and (3) risks we assume.                                 

Services and benefits we provide:                                               

..   the death benefit, cash, and loan benefits under the Policy                

..   investment options, including premium allocations                          

..   administration of elective options                                         

..   the distribution of reports to Policy Owners                               

Costs and expenses we incur:                                                    

..   costs associated with processing and underwriting applications, and with   
issuing and administering the Policy (including any riders)             

..   overhead and other expenses for providing services and benefits            

..   sales and marketing expenses                                               

..   other costs of doing business, such as collecting premiums, maintaining    
records, processing claims, effecting transactions, and paying federal, 
state, and local premium and other taxes and fees                       

Risks we assume:                                                                

..   that the cost of insurance charges we may deduct are insufficient to meet  
our actual claims because the insureds die sooner than we estimate      

..   that the cost of providing the services and benefits under the Policies    
exceed the charges we deduct                                            

The amount of a charge may not necessarily correspond to the costs of the       
services or benefits that are implied by the name of the charge or that are     
associated with the particular Policy. For example, the sales charge and the    
surrender charge may not fully cover all of our sales and distribution          
expenses, and we may use proceeds from other charges, including the mortality   
and expense risk charge and the cost of insurance charge, to help cover those   
expenses. We can profit from certain Policy charges, including the cost of      
insurance charge.                                                               

There are charges and other expenses associated with the Policy that reduce the 
return on your investment in the Policy. The charges and expenses are:          

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TAX CHARGES                                                                     

There are charges for Federal taxes, and state and local premium taxes which    
are deducted from each premium payment. The Federal tax charge is currently     
1.3% of each premium. The premium tax charge is currently 2.35% of premium      
payments. If the tax rates change, we may change the amount of the deduction to 
cover the new rate.                                                             

SALES CHARGE                                                                    

A sales charge will be deducted from each premium payment to partially          
compensate us for expenses incurred in distributing the Policy and any          
additional benefits provided by riders. We currently intend to deduct a sales   
charge determined according to the following schedule:                          

                                                                [Download Table]
                                          
Policy Year 1:      15% of premium up to  
                    Target Premium; 5% of 
                    premium above Target  
                    Premium               
Policy Years 2-10:  5% of all premium paid
Policy Years 11+:   2% of all premium paid

The expenses covered by the sales charge include agent sales commissions, the   
cost of printing prospectuses and sales literature, and any advertising costs.  
Where policies are issued to Insureds with higher mortality risks or to         
Insureds who have selected additional insurance benefits, a portion of the      
amount deducted for the sales charge is used to pay distribution expenses and   
other costs associated with these additional coverages.                         

To the extent that sales expenses are not recovered from the sales charge and   
the surrender charge, those expenses may be recovered from other sources,       
including the mortality and expense risk charge described below.                

SELECTION AND ISSUE EXPENSE CHARGE                                              

During the first ten Policy years, we generally assess a monthly selection and  
issue expense charge to cover the costs associated with the underwriting and    
issue of the Policy. The monthly charge per $1,000 of Face Amount ranges from   
approximately 4 cents to one dollar, and varies by Issue Age, risk class, and   
(except on unisex Policies) sex of the Insured.                                 

MONTHLY POLICY CHARGE                                                           

We deduct a monthly Policy charge on the Investment Start Date and each Monthly 
Anniversary date. The charge is equal to $25 per Policy month for the first     
Policy year. Thereafter, it is $6 per Policy month guaranteed not to increase   
while the Policy is in force.                                                   

The charge reimburses us for expenses incurred in the administration of the     
Policies. Such expenses include: confirmations, annual reports and account      
statements, maintenance of Policy records, maintenance of Separate Account      
records, administrative personnel costs, mailing costs, data processing costs,  
legal fees, accounting fees, filing fees, the costs of other services necessary 
for policyowner servicing and all accounting, valuation, regulatory and         
updating requirements.                                                          

MONTHLY COST OF INSURANCE CHARGE                                                

This charge compensates us for the insurance coverage we provide in the month   
following the charge. The monthly cost of insurance charge for each Policy      
month equals the total of the insurance risk charges for the Policy month for   
each Face Amount portion then in effect.                                        

The monthly cost of insurance charge is deducted on each Monthly Anniversary    
for the following Policy month. The monthly cost of insurance charge is         
determined in a manner that reflects the anticipated mortality of the Insured   
and the fact that the death benefit is not payable until the death of the       
Insured. Because the monthly cost of insurance charge depends upon a number of  
variables, the charge will vary for each Policy month. We will determine the    
cost of insurance charge by multiplying the applicable cost of insurance rate   
or rates by the net amount at risk (defined below) for each Policy month.       

The monthly cost of insurance rates are determined at the beginning of each     
Policy year. The rates will be based on the Attained Age, duration, rate class, 
and (except for unisex policies) sex of the Insured at issue. The monthly cost  
of insurance rates generally increase as the Insured's Attained Age increases.  

The rate class of an Insured also will affect the cost of insurance rate. For   
the initial Face Amount, we will use the rate class on the Issue Date. If the   
death benefit equals a percentage of Accumulation Account Value, an increase in 
Accumulation Account Value will cause an automatic increase in the death        
benefit. The rate class for such increase will be the same as that used for the 
initial Face Amount.                                                            

We currently place the Insured into a preferred rate class, a standard rate     
class, or into rate classes involving a higher mortality risk.                  

Actual monthly cost of insurance rates may change, and the actual monthly cost  
of insurance charge will be determined by us based on our expectations as to    
future mortality experience. However, the actual monthly cost of                

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insurance rates will not be greater than the guaranteed cost of insurance rates 
set forth in the Policy. For Policies which are not in a substandard risk       
class, the guaranteed cost of insurance rates are equal to 100% of the rates    
set forth in the male/female smoker/non-smoker 1980 CSO Mortality Tables (1980  
CSO Tables NA and SA and 1980 CSO Tables NG and SG for sex distinct policies    
and policies issued in qualified pension plans). All Policies are based on the  
Attained Age of the Insured. Higher rates apply if the Insured is determined to 
be in a substandard risk class.                                                 

In two otherwise identical policies, an Insured in the preferred rate class     
will have a lower cost of insurance than an Insured in a rate class involving   
higher mortality risk. Each rate class is also divided into two categories:     
smokers and nonsmokers. Non-smoker Insureds will generally incur a lower cost   
of insurance than similarly situated Insureds who smoke. (Insureds under        
Attained Age 20 are automatically assigned to the non-smoker rate class.)       

The net amount at risk for a Policy month is:                                   

(1)the death benefit at the beginning of the Policy month divided by 1.0032737  
 (which reduces the net amount at risk, solely for purposes of computing the
cost of insurance, by taking into account assumed monthly earnings at an  
annual rate of 4%); less                                                  

(2)the Accumulation Account Value at the beginning of the Policy month.         

In calculating the monthly cost of insurance charges, the cost of insurance     
rate for a Face Amount is applied to the net amount at risk for that Face       
Amount.                                                                         

CHARGES FOR ADDITIONAL BENEFIT RIDERS                                           

The amount of the charge, if any, each Policy month for additional benefit      
riders is determined in accordance with the rider and is shown on the           
specifications page of your Policy.                                             

MORTALITY AND EXPENSE RISK CHARGE                                               

We will deduct a daily charge from the Investment Funds. The amount of the      
deduction is determined as a percentage of the average net assets of each       
Investment Fund. The current daily deduction percentages, and the equivalent    
effective annual rates, are:                                                    

                                                                [Download Table]

         Daily              
Policy   Charge     Annual  
Years    Factor   Equivalent
------  --------  ----------
                            
1-10    .0015027%    0.55%  
11-20   .0012301%    0.45%  
21+     .0009572%    0.35%  

This deduction is guaranteed not to increase while the Policy is in force. This 
risk charge compensates us for assuming the mortality and expense risks under   
the Policy. The mortality risk assumed by us is that the Insureds, as a group,  
may not live as long as expected. The expense risk assumed by us is that actual 
expenses may be greater than those assumed. We expect to profit from this       
charge.                                                                         

SURRENDER CHARGE                                                                

For up to 10 years after the Issue Date, we will impose a contingent deferred   
sales charge, also referred to as a surrender charge, when the following occur: 

..   upon surrender or lapse of the Policy;                                     

..   upon a partial withdrawal;                                                 

..   upon a Pro-Rata Surrender; or                                              

..   upon a decrease in Face Amount.                                            

The amount of the charge assessed will depend upon a number of factors,         
including the type of event (a full surrender, lapse, or partial withdrawal),   
the amount of any premium payments made under the Policy prior to the event,    
and the number of Policy years having elapsed since the Policy was issued.      

The surrender charge compensates us for expenses relating to the distribution   
of the Policy, including agents' commissions, advertising, and the printing of  
the prospectus and sales literature.                                            

The surrender charge percentage is shown in the following table.                

                                                                [Download Table]

If surrender or lapse  The percentage of  
occurs in the last     the annual Target  
month of Policy year:  Premium payable is:
---------------------  -------------------
                                          
    1 through 5               45%         
         6                    40%         
         7                    30%         
         8                    20%         
         9                    10%         
    10 and later              0%          

The Target Premium (on which we base the surrender charge) is shown in your     
Policy. As shown above, the maximum surrender charge is 45% of the annual       
Target Premium payable.                                                         

In addition, the percentages are reduced equally for each Policy month during   
the years shown. For example, during the seventh year, the percentage is        
reduced equally each month from 40% at the end of the sixth year to 30% at the  
end of the seventh year. This table may be modified if required by law or       
regulation of the governing jurisdiction.                                       

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The amount of the surrender charge deducted upon a partial withdrawal or        
Pro-Rata Surrender will equal a fraction of the charge that would be deducted   
if the Policy were surrendered at that time. The fraction will be determined by 
dividing the amount of the withdrawal by the Accumulation Account Value before  
the withdrawal and multiplying the result by the surrender charge. Immediately  
after a withdrawal, the Policy's remaining surrender charge will equal the      
amount of the surrender charge immediately before the withdrawal less the       
amount deducted in connection with the withdrawal.                              

A surrender charge will apply when there is a decrease in Face Amount for up to 
10 years from the Policy's Issue Date. A partial withdrawal may cause a         
decrease in Face Amount and therefore, we may deduct a surrender charge. If the 
Face Amount is decreased by some fraction of any previous increases in Face     
Amount and/or the Face Amount at issue, the surrender charge deducted will be   
the previously defined surrender charge multiplied by the fraction.             

TRANSACTION CHARGES                                                             

There is no transaction charge for the first twelve partial withdrawals or      
requested transfers in a Policy year. We will impose a charge of $25 for each   
partial withdrawal or requested transfer in excess of twelve in a Policy year.  
We may revoke or modify the privilege of transferring amounts to or from the    
General Account at any time. Partial withdrawals and Pro-Rata Surrenders will   
result in the imposition of the applicable surrender charge.                    

INVESTMENT FUND EXPENSES                                                        

The expenses of the Investment Funds are shown in the Summary.                  

The value of the net assets of the Investment Funds will reflect the investment 
advisory fee and other expenses incurred by the underlying investment companies.

The Investment Fund expenses are collected from the underlying Investment Fund, 
and are not direct charges against the Separate Account assets or reductions    
from the Policy's Accumulation Account Value. Expenses of the Funds are not     
fixed or specified under the terms of the Policy, and actual expenses may vary. 
These underlying Investment Fund expenses are taken into consideration in       
computing each Investment Fund's net asset value, which is used to calculate    
the unit values in the Separate Account. The management fees and other expenses 
are more fully described in the prospectus of each individual Investment Fund.  
The information relating to the Investment Fund expenses was provided by the    
Investment Fund and was not independently verified by us. Except as otherwise   
specifically noted, the management fees and other expenses are not currently    
subject to fee waivers or expense reimbursements.                               

5.  DEATH BENEFIT                                                               

The amount of the death benefit depends on the total Face Amount, the           
Accumulation Account Value of your Policy on the date of death and the death    
benefit option (Option A, Option B, or Option C) in effect at that time. The    
actual amount we will pay the Beneficiary will be reduced by any Indebtedness.  

The initial Face Amount and the death benefit option in effect on the Issue     
Date are shown on the specifications page of your Policy.                       

OPTION A. The amount of the death benefit under Option A is the greater of:     

..   the Face Amount; or                                                        

..   the Accumulation Account Value of your Policy on the date of death         
 multiplied by the applicable multiple percentage shown in the "Applicable
 Percentage of Accumulation Account Value Table For Insureds Less than Age
100" shown below.                                                       

OPTION B. The amount of the death benefit under Option B is the greater of:     

..   the Face Amount plus the Accumulation Account Value of your Policy on the  
date of death; or                                                       

..   the Accumulation Account Value of your Policy on the date of death         
 multiplied by the applicable multiple percentage shown in the "Applicable
 Percentage of Accumulation Account Value Table For Insureds Less than Age
100" shown below.                                                       

   Applicable Percentage of Accumulation Account Value Table For Insureds Less
Than Age 100                                                          

                                                                [Download Table]

Insured       Policy Accumulation Account
Person's Age   Value Multiple Percentage 
------------  ---------------------------
                                         
40 or under               250%           
   45                     215%           
   50                     185%           
   55                     150%           
   60                     130%           
   65                     120%           
   70                     115%           
 78 to 90                 105%           
 95 to 99                 101%           

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For ages that are not shown on this table the applicable percentage multiples   
will decrease by a ratable portion for each full year.                          

OPTION C. The amount of the death benefit under Option C is the greater of:     

..   the Face Amount; or                                                        

..   the Accumulation Account Value of your Policy on the date of the Insured's 
death multiplied by the applicable factor from the Table of Attained Age
Factors shown in your Policy.                                           

If your Policy is in force after the Insured's Attained Age is 100, then the    
Death Benefit will be 101% of the Policy's Accumulation Account Value.          

CHANGE OF DEATH BENEFIT                                                         

If the Policy was issued with either death benefit Option A or death benefit    
Option B, the death benefit option may be changed. A Policy issued under death  
benefit Option C may not be changed for the entire lifetime of the Policy.      
Similarly, a Policy issued under either death benefit Option A or B may not     
change to death benefit Option C for the lifetime of the Policy. A request for  
change must be made to us in writing. The Effective Date of such a change will  
be the Monthly Anniversary on or following the date we receive the change       
request.                                                                        

A death benefit Option A Policy may be changed to have death benefit Option B.  
The Face Amount will be decreased to equal the death benefit less the           
Accumulation Account Value on the Effective Date of the change. Satisfactory    
evidence of insurability must be submitted to us in connection with a request   
for a change from death benefit Option A to death benefit Option B. A change    
may not be made if it would result in a Face Amount of less than the minimum    
Face Amount.                                                                    

A death benefit Option B Policy may be changed to have death benefit Option A.  
The Face Amount will be increased to equal the death benefit on the Effective   
Date of the change.                                                             

A change in death benefit option may have Federal income tax consequences.      

CHANGE IN FACE AMOUNT                                                           

Subject to certain limitations set forth below, you may decrease or increase    
the Face Amount of a Policy once each Policy year after the first Policy year.  
A written request is required for a change in the Face Amount. A change in Face 
Amount may affect the cost of insurance rate and the net amount at risk, both   
of which affect your cost of insurance charge. A reduction in the Face Amount   
of a Policy may have Federal income tax consequences.                           

Any decrease in the Face Amount will become effective on the Monthly            
Anniversary on or following receipt of the written request by us. The amount of 
the requested change must be at least $5,000 ($2,000 for Policies issued in     
qualified pension plans) and the Face Amount remaining in force after any       
requested decrease may not be less than the minimum Face Amount. If you         
decrease the Face Amount and the Policy does not comply with the maximum        
premium limitations required by Federal tax law, the decrease may be limited or 
the Accumulation Account Value may be returned to you (at your election), to    
the extent necessary to meet these requirements. If you want to increase the    
Face Amount, you must submit proof that the Insured is insurable by our         
standards on the date the requested increase is submitted and the Insured must  
have an Attained Age not greater than age 80 on the Policy anniversary that the 
increase will become effective.                                                 

PAYMENT OF PROCEEDS                                                             

Unless otherwise requested, the Policy's death proceeds may be paid to your     
beneficiary through an account called the Total Control Account. The Total      
Control Account is an interest-bearing account through which the beneficiary    
has complete access to the proceeds, with unlimited check writing privileges.   
We credit interest to the account at a rate that will not be less than a        
minimum guaranteed rate. You may also elect to have any Policy surrender        
proceeds paid into a Total Control Account established for you.                 

Assets backing the Total Control Accounts are maintained in our general account 
and are subject to the claims of our creditors. We will bear the investment     
experience of such assets; however, regardless of the investment experience of  
such assets, the interest credited to the Total Control Account will never fall 
below the applicable guaranteed minimum rate. Because we bear the investment    
experience of the assets backing the Total Control Accounts, we may receive a   
profit from these assets. The Total Control Account is not insured by the FDIC  
or any other governmental agency.                                               

6.  TAXES                                                                       

NOTE: WE HAVE PREPARED THE FOLLOWING INFORMATION ON FEDERAL INCOME TAXES AS A   
GENERAL DISCUSSION OF THE SUBJECT.                                              

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IT IS NOT INTENDED AS TAX ADVICE TO ANYONE. YOU SHOULD CONSULT YOUR OWN TAX     
ADVISER ABOUT YOUR OWN CIRCUMSTANCES. WE HAVE INCLUDED AN ADDITIONAL DISCUSSION 
REGARDING TAXES IN PART II.                                                     

LIFE INSURANCE IN GENERAL                                                       

Life insurance, such as this Policy, is a means of providing for death          
protection and setting aside money for future needs. Congress recognized the    
importance of such planning and provided special rules in the Internal Revenue  
Code for life insurance.                                                        

Simply stated, these rules provide that you will not be taxed on the earnings   
on the money held in your life insurance Policy until you take the money out.   
Beneficiaries generally are not taxed when they receive the death proceeds upon 
the death of the Insured. However, estate taxes may apply.                      

TAKING MONEY OUT OF YOUR POLICY                                                 

You, as the Owner, will not be taxed on increases in the value of your Policy   
until a distribution occurs either as a surrender or as a loan. If your Policy  
is a MEC, any loans or surrenders from the Policy will be treated as first      
coming from earnings and then from your investment in the Policy. Consequently, 
these earnings are included in taxable income.                                  

The Internal Revenue Code (Code) also provides that any amount received from a  
MEC which is included in income may be subject to a 10% penalty. The penalty    
will not apply if the income received is: (1) paid on or after the taxpayer     
reaches age 59 1/2; (2) paid if the taxpayer becomes totally disabled (as that  
term is defined in the Code); or (3) in a series of substantially equal         
payments made annually (or more frequently) for the life (or life expectancy)   
of the taxpayer.                                                                

If your Policy is not a MEC, any surrender proceeds will be treated as first a  
recovery of the investment in the Policy and to that extent will not be         
included in taxable income. Furthermore, any loan will be treated as            
Indebtedness under the Policy and not as a taxable distribution. See "Federal   
Tax Status" in Part II for more details.                                        

DIVERSIFICATION                                                                 

The Code provides that the underlying investments for a variable life insurance 
Policy must satisfy certain diversification requirements in order to be treated 
as a life insurance contract. We believe that the Investment Funds are being    
managed so as to comply with such requirements.                                 

Under current Federal tax law, it is unclear as to the circumstances under      
which you, because of the degree of control you exercise over the underlying    
investments, and not us would be considered the owner of the shares of the      
Investment Funds. If you are considered the owner of the investments, it will   
result in the loss of the favorable tax treatment for the Policy. It is unknown 
to what extent owners are permitted to select Investment Funds, to make         
transfers among the Investment Funds or the number and type of Investment Funds 
owners may select from. If guidance from the Internal Revenue Service is        
provided which is considered a new position, the guidance would generally be    
applied prospectively. However, if such guidance is considered not to be a new  
position, it may be applied retroactively. This would mean that you, as the     
owner of the Policy, could be treated as the owner of the Investment Funds. Due 
to the uncertainty in this area, we reserve the right to modify the Policy in   
an attempt to maintain favorable tax treatment.                                 

7.  ACCESS TO YOUR MONEY                                                        

POLICY LOANS                                                                    

We will loan money to you at the loan interest rate we establish. You should    
contact our Service Office or your registered representative for information on 
loan procedures. We will make the loan as of the date when we receive a loan    
request.                                                                        

You may borrow an amount up to the loan value of the Policy. The loan value is: 

..   the Accumulation Account Value of the Policy on the date the loan request  
is received; less                                                       

..   interest to the next loan interest due date; less                          

..   anticipated monthly deductions to the next loan interest due date; less    

..   any existing loan; less                                                    

..   any surrender charge; plus                                                 

..   interest expected to be earned on the loan balance to the next loan        
interest due date.                                                      

Policy loan interest is payable on each Policy anniversary. The minimum amount  
that you can borrow is $500. The loan may be completely or partially repaid at  
any time while the Insured is living. When a Policy loan is made, we will       
deduct Accumulation Account Value from your Policy equal to the amount of the   
loan, plus interest due and place                                               

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it in the Loan Subaccount as security for the loan. This Accumulation Account   
Value amount is expected to earn interest at a rate ("the earnings rate") which 
is lower than the rate charged on the Policy loan ("the borrowing rate"). The   
Accumulation Account Value that we use as security will accrue interest daily   
at an annual earnings rate of 4%.                                               

Unless the Owner requests a different allocation, the Accumulation Account      
Value amount used as security for the loan will be transferred from the         
Investment Funds and the General Account on a pro-rata basis to the Loan        
Account. This will reduce the Policy's Accumulation Account Value in the        
General Account and the Investment Fund(s). These transactions will not be      
considered transfers for purposes of the limitations on transfers between       
Investment Funds or to or from the General Account.                             

A Policy loan, whether or not repaid, will have a permanent effect on the death 
benefits and Policy values because the values transferred to the Loan Account   
will not share in the investment results of the Investment Funds while the loan 
is outstanding. If the Loan Account earnings rate is less than the investment   
performance of the selected Investment Funds and/or the General Account, the    
values and benefits under the Policy will be reduced as a result of the loan.   
In addition, if the Indebtedness exceeds the Accumulation Account Value minus   
the surrender charge on any Monthly Anniversary, the Policy will lapse, subject 
to a grace period. (See "Purchases -- Lapse and Grace Period".) A lapse of the  
Policy with a loan outstanding may have Federal income tax consequences. (See   
"Federal Tax Status".)                                                          

Interest credited to the Accumulation Account Value held in the Loan Subaccount 
as security for the loan will be allocated on Policy anniversaries to the       
General Account and the Investment Funds. The interest credited will also be    
transferred: (1) when a new loan is made; (2) when a loan is partially or fully 
repaid; and (3) when an amount is needed to meet a monthly deduction.           

Policy loans may have Federal income tax consequences. (See "Federal Tax        
Status".)                                                                       

LOAN INTEREST CHARGED                                                           

The borrowing rate we charge for Policy loan interest will be based on the      
following schedule:                                                             

                                                                [Download Table]

For Loans              Annual    
Outstanding During  Interest Rate
------------------  -------------
                                 
Policy Years 1-10       4.50%    
Policy Years 11-20      4.25%    
Policy Years 21+        4.15%    

We will inform you of the current borrowing rate when a Policy loan is          
requested.                                                                      

Policy loan interest is due and payable annually on each Policy anniversary. If 
you do not pay the interest when it is due, the unpaid loan interest will be    
added to the outstanding Indebtedness as of the due date and you will be        
charged interest at the same rate as the rest of the Indebtedness.              

SECURITY                                                                        

The Policy will be the only security for the loan.                              

REPAYING POLICY DEBT                                                            

You may repay the loan at any time prior to the death of the Insured and as     
long as the Policy is in force. Any Indebtedness outstanding will be deducted   
before any benefit proceeds are paid or applied under a payment option.         

Repayments will be allocated to the General Account and the Investment Funds    
based on how the Accumulation Account Value used for security was allocated.    
Unpaid loans and loan interest will be deducted from any settlement of your     
Policy.                                                                         

Any payments received from you will be applied as premiums, unless you clearly  
request in writing that it be used as repayment of Indebtedness.                

PARTIAL WITHDRAWALS                                                             

After the first Policy year, you may make partial withdrawals from the Policy's 
Cash Surrender Value. You should contact our Service Office or your registered  
representative for information on partial withdrawal procedures. Each Policy    
year you are allowed 12 free partial withdrawals. For each partial withdrawal   
after 12, we may impose a $25 fee. We will process your partial withdrawal as   
of the date when we receive a request. A partial withdrawal may be subject to a 
surrender charge and have Federal income tax consequences.                      

The minimum amount of a partial withdrawal request, net of any applicable fees  
and surrender charges, is the lesser of:                                        

(1)$500 from an Investment Fund or the General Account; or                      

(2)the Policy's Accumulation Account Value in an Investment Fund.               

Partial withdrawals made during a Policy year are subject to the following      
limitations. The maximum amount that may be withdrawn from an Investment Fund   
is the Policy's Accumulation Account Value net of any applicable surrender      
charges and fees in that Investment Fund. The                                   

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total partial withdrawals and transfers from the General Account over the       
Policy year may not exceed a maximum amount equal to the greater of the         
following:                                                                      

(1)25% of the Cash Surrender Value in the General Account at the beginning of   
 the Policy year, multiplied by the withdrawal percentage limit shown in the
Policy; or                                                                

(2)the previous Policy year's maximum amount.                                   

You may allocate the amount withdrawn plus any applicable surrender charges and 
fees, subject to the above conditions, among the Investment Funds and the       
General Account. If no allocation is specified, then the partial withdrawal     
will be allocated among the Investment Funds and the General Account in the     
same proportion that the Policy's Accumulation Account Value in each Investment 
Fund and the General Account bears to the total Accumulation Account Value of   
the Policy, less the Accumulation Account Value in the Loan Account, on the     
date the request was received. If the limitations on withdrawals from the       
General Account will not permit this pro-rata allocation, you will be requested 
to provide an alternate allocation.                                             

No amount may be withdrawn that would result in there being insufficient        
Accumulation Account Value to meet any surrender charge and applicable fees     
that would be payable immediately following the withdrawal upon the surrender   
of the remaining Accumulation Account Value.                                    

The death benefit will be affected by a partial withdrawal, unless death        
benefit Option A or Option C is in effect and the withdrawal is made under the  
terms of an anniversary partial withdrawal rider. If death benefit Option A or  
death benefit Option C is in effect and the death benefit equals the Face       
Amount, then a partial withdrawal will decrease the Face Amount by an amount    
equal to the partial withdrawal plus the applicable surrender charge resulting  
from that partial withdrawal. If the death benefit is based on a percentage of  
the Accumulation Account Value, then a partial withdrawal will decrease the     
Face Amount by an amount by which the partial withdrawal plus the applicable    
surrender charge and fees exceeds the difference between the death benefit and  
the Face Amount. If death benefit Option B is in effect, the Face Amount will   
not change.                                                                     

The Face Amount remaining in force after a partial withdrawal may not be less   
than the minimum Face Amount. Any request for a partial withdrawal that would   
reduce the Face Amount below this amount will not be implemented.               

Partial withdrawals may affect the way in which the cost of insurance charge is 
calculated and the amount of pure insurance protection afforded under a Policy. 
We may change the minimum amount required for a partial withdrawal or the       
number of times partial withdrawals may be made.                                

PRO-RATA SURRENDER                                                              

After the first Policy year, you can make a Pro-Rata Surrender of the Policy.   

The Pro-Rata Surrender will reduce the Face Amount and the Accumulation Account 
Value by a percentage chosen by you. This percentage must be any whole number.  
A Pro-Rata Surrender may have Federal income tax consequences. The percentage   
will be applied to the Face Amount and the Accumulation Account Value on the    
Monthly Anniversary on or following our receipt of the request.                 

You may allocate the amount of decrease in Accumulation Account Value plus any  
applicable surrender charge and fees among the Investment Funds and the General 
Account. If no allocation is specified, then the decrease in Accumulation       
Account Value and any applicable surrender charge and fees will be allocated    
among the Investment Funds and the General Account in the same proportion that  
the Policy's Accumulation Account Value in each Investment Fund and the General 
Account bears to the total Accumulation Account Value of the Policy, less the   
Accumulation Account Value in the Loan Account, on the date the request for     
Pro-Rata Surrender is received.                                                 

A Pro-Rata Surrender cannot be processed if it will reduce the Face Amount      
below the minimum Face Amount of the Policy. No Pro-Rata Surrender will be      
processed for more Cash Surrender Value than is available on the date of the    
Pro-Rata Surrender. A cash payment will be made to you for the amount of        
Accumulation Account Value reduction less any applicable surrender charges and  
fees.                                                                           

Pro-Rata Surrenders may affect the way in which the cost of insurance charge is 
calculated and the amount of the pure insurance protection afforded under the   
Policy.                                                                         

FULL SURRENDERS                                                                 

To effect a full surrender, either the Policy must be returned to us along with 
the request, or the request must be accompanied by a completed affidavit of     
loss, which is available from us. Upon surrender, we will pay the Cash          
Surrender Value to you in a single sum. We will determine the Cash Surrender    
Value as of the date that we receive your                                       

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written request at our Service Office. If the request is received on a Monthly  
Anniversary, the monthly deduction otherwise deductible will be included in the 
amount paid. Coverage under a Policy will terminate as of the date of           
surrender. The Insured must be living at the time of a surrender. A surrender   
may have Federal income tax consequences.                                       

8.  OTHER INFORMATION                                                           

METLIFE INVESTORS                                                               

MetLife Investors Insurance Company (MetLife Investors) was incorporated on     
August 17, 1981, as Assurance Life Company, a Missouri corporation, and changed 
its name to Xerox Financial Services Life Insurance Company in 1985. On June 1, 
1995, a wholly-owned subsidiary of General American Life Insurance Company      
(General American Life) purchased Xerox Financial Services Life Insurance       
Company, which on that date changed its name to Cova Financial Services Life    
Insurance Company. On January 6, 2000, Metropolitan Life Insurance Company      
acquired GenAmerica Financial Corporation, the ultimate parent company of       
General American Life. Cova Financial Services Life Insurance Company changed   
its name to MetLife Investors Insurance Company on January 30, 2001. On         
December 31, 2002, MetLife Investors became an indirect subsidiary of MetLife,  
Inc., the holding company of Metropolitan Life Insurance Company and a listed   
company on the New York Stock Exchange. On October 1, 2004, MetLife Investors   
became a direct subsidiary of MetLife, Inc. MetLife, Inc., through its          
subsidiaries and affiliates, is a leading provider of insurance and other       
financial services to individual and institutional customers.                   

Before November 9, 2006, all Policies were issued by MetLife Investors          
Insurance Company of California ("MetLife Investors California"), a subsidiary  
of MetLife Investors Insurance Company ("MetLife Investors") which in turn is a 
direct subsidiary of MetLife, Inc. On November 9, 2006, the operations of       
MetLife Investors and MetLife Investors of California were combined through a   
merger, with MetLife Investors as the surviving company after the merger.       

Upon consummation of the merger, MetLife Investors California's separate        
corporate existence ceased by operation of law, and MetLife Investors assumed   
legal ownership of all of the assets of MetLife Investors California, including 
the Separate Account and its assets. As a result of the merger, MetLife         
Investors also has become responsible for all of MetLife Investors California's 
liabilities and obligations, including those created under the Policies         
initially issued by MetLife Investors California and outstanding on the date of 
the merger. Such policies have thereby become variable policies funded by a     
Separate Account of MetLife Investors, and each Owner thereof has become a      
policyholder of MetLife Investors.                                              

For Policies issued on or before December 31, 2002, General American Life       
Insurance Company ("General American"), the former parent of MetLife Investors, 
agreed to ensure that MetLife Investors will have sufficient funds to meet its  
obligations under the Policies. In the event an Owner or Beneficiary of such a  
Policy presents a legitimate claim for payment, General American will pay such  
claim directly to the Owner or Beneficiary if MetLife Investors is unable to    
make such payment. This guarantee is enforceable against General American       
directly without any requirement that the Policy Owner or Beneficiary first     
file a claim against MetLife Investors. The guarantee agreement is binding on   
General American, its successors or assigns and shall terminate only if the     
guarantee is assigned to an organization having a financial rating from certain 
specified rating agencies equal to or better than General American's rating.    
With respect to the guarantee, General American is relying on the exemption     
provided by Rule 12h-7 under the Securities Exchange Act of 1934 (the "Act") to 
not file reports under the Act.                                                 

On December 31, 2002, MetLife, Inc. entered into a net worth maintenance        
agreement with MetLife Investors. Under the agreement, MetLife, Inc. agreed,    
without limitation as to the amount, to cause MetLife Investors to have certain 
minimum capital and surplus levels and liquidity necessary to enable it to meet 
its current obligations on a timely basis. At December 31, 2008, the capital    
and surplus of MetLife Investors was in excess of these minimum capital and     
surplus levels. MetLife, Inc. and MetLife Investors entered into the agreement  
in part to enhance and maintain the financial strength of MetLife Investors as  
set forth in the agreement. Creditors of MetLife Investors (including its       
Policy Owners) have certain rights under the agreement to enforce the           
provisions of the agreement through certain state insurance regulators.         
However, the agreement provides, among other things, that it does not provide   
any creditor of MetLife Investors with recourse to or against any of the assets 
of MetLife, Inc. MetLife, Inc. has the right to terminate the agreement upon    
thirty days written notice to MetLife Investors. MetLife, Inc. has agreed not   
to terminate the agreement unless one of certain designated events occur,       
including if the Company attains a financial strength rating from Moody's       
Investors Service, Inc.,                                                        

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without giving weight to the support of the agreement, that is the same as or   
better than its rating of such rating agency with such support.                 

In addition, General American entered into a contingent reinsurance agreement   
with MetLife Investors. Under this agreement, in the event that MetLife         
Investors' statutory capital and surplus fall below certain levels, General     
American Life would assume as assumption reinsurance, subject to regulatory     
approvals and required consents, all of MetLife Investors' life insurance and   
annuity contracts. At December 31, 2008, the capital and surplus of MetLife     
Investors was in excess of these minimum capital and surplus levels.            

We are licensed to do business in the District of Columbia and all states       
except Maine, New Hampshire, New York and Vermont.                              

DISTRIBUTION                                                                    

MetLife Investors Distribution Company, 5 Park Plaza, Suite 1900, Irvine,       
California 92614, acts as the distributor of the Policies. MetLife Investors    
Distribution Company is our affiliate.                                          

Commissions will be paid to broker-dealers who sell the Policies. Currently,    
broker-dealers will be paid first-year commissions equal up to 90% of Target    
Premium and 4.0% of excess premiums paid in Policy year 1. In renewal years,    
the commissions will equal up to 5.0% of premiums paid in Policy years 2-10 and 
2.0% in Policy years 11 and beyond. In addition, broker-dealers will receive    
annually, asset-based compensation equal up to .25% of Accumulation Account     
Value for all Policy years beginning the 13th month. Sometimes, MetLife         
Investors enters into an agreement with the broker-dealer to pay the            
broker-dealer persistency bonuses in addition to the standard commission.       

THE SEPARATE ACCOUNT                                                            

We established a separate account, MetLife Investors Variable Life Account One  
(the "Separate Account"), to hold the assets that underlie the Policies. The    
Board of Directors of MetLife Investors adopted a resolution to establish the   
Separate Account under Missouri insurance law on October 23, 1991. The Separate 
Account is registered with the Securities and Exchange Commission as a unit     
investment trust under the Investment Company Act of 1940. The Separate Account 
is divided into subaccounts.                                                    

Effective November 9, 2009, we combined MetLife Investors Variable Life Account 
Five (the "Former Separate Account") with and into the Separate Account (the    
"Combination"). In connection with the Combination, we transferred the assets   
of the Former Separate Account to the Separate Account and the Separate Account 
assumed the liabilities and contractual obligations of the Former Separate      
Account.                                                                        

The Combination does not affect Policy Owners in any way. There are no changes  
in our obligations or your rights and benefits under the Policy. Your Cash      
Value is not affected by the Combination and no charges have been or will be    
imposed in connection therewith. The Investment Funds available under your      
Policy have not changed. Your Cash Value is allocated to the same Investment    
Funds (with the same unit values) as it was before the Combination. The         
Combination does not result in any federal income tax consequences to you.      
After the Combination, the financial statements will report assets on a         
combined basis. The financial statements will also combine any sub-accounts     
that invest in the same Investment Funds and illustrate unit values as a range. 

The assets of the Separate Account are held in our name on behalf of the        
Separate Account and legally belong to us. However, those assets that underlie  
the Policies, are not chargeable with liabilities arising out of any other      
business we may conduct. All the income, gains and losses (realized or          
unrealized) resulting from those assets are credited to or against the Policies 
and not against any other policies we may issue.                                

THE GENERAL ACCOUNT                                                             

We own the assets in our General Account, and we use these assets to support    
our insurance and annuity obligations other than those funded by our separate   
investment accounts. These assets are subject to our general liabilities from   
business operations. Subject to applicable law, we have sole discretion over    
investment of the General Account's assets.                                     

While your Policy provides for limitations on allocations to the General        
Account, our current practice is not to limit allocations to the General        
Account.                                                                        

We have not registered the General Account or any interests therein with the    
Securities and Exchange Commission, and the staff of the Securities and         
Exchange Commission has not reviewed the disclosure in this prospectus relating 
to the General Account.                                                         

SUSPENSION OF PAYMENTS OR TRANSFERS                                             

We may be required to suspend or postpone any payments or transfers for any     
period when:                                                                    

1) the New York Stock Exchange is closed (other than customary weekend and      
holiday closings);                                                        

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2) trading on the New York Stock Exchange is restricted;                        

3) an emergency exists, as determined by the SEC, as a result of which disposal 
  of shares of the Investment Funds is not reasonably practicable or we cannot
reasonably value the shares of the Investment Funds;                      

4) during any other period when the Securities and Exchange Commission, by      
order, so permits for the protection of owners.                           

We may defer the portion of any transfer, amount payable or surrender, or       
Policy Loan from the General Account for not more than 6 months.                

OWNERSHIP                                                                       

OWNER. The Insured is the Owner of the Policy unless another person or entity   
is shown as the Owner in the application. The Owner is entitled to all rights   
provided by the Policy. If there is more than one Owner at a given time, all    
owners must exercise the rights of ownership by joint action. If the Owner      
dies, and the Owner is not the Insured, the Owner's interest in the Policy      
becomes the property of his or her estate unless otherwise provided. Unless     
otherwise provided, the Policy is jointly owned by all Owners named in the      
Policy or by the survivors of those joint Owners. Unless otherwise stated in    
the Policy, the final Owner is the estate of the last joint Owner to die.       

BENEFICIARY. The Beneficiary is the person(s) or entity you name to receive any 
death proceeds. The Beneficiary is named at the time the Policy is issued       
unless changed at a later date. You can name a contingent Beneficiary prior to  
the death of the Insured. Unless an irrevocable Beneficiary has been named, you 
can change the Beneficiary at any time before the Insured dies. If there is an  
irrevocable Beneficiary, all Policy changes except premium allocations and      
transfers require the consent of the Beneficiary.                               

Primary and contingent Beneficiaries are as named in the application, unless    
you make a change. To change a Beneficiary, you must submit a written request   
to us. We may require the Policy to record the change. The request will take    
effect when signed, subject to any action we may take before receiving it.      

One or more irrevocable Beneficiaries may be named.                             

If a Beneficiary is a minor, we will make payment to the guardian of his or her 
estate. We may require proof of age of any Beneficiary.                         

Proceeds payable to a Beneficiary will be free from the claims of creditors, to 
the extent allowed by law.                                                      

ASSIGNMENT. You can assign the Policy. A copy of any assignment must be filed   
with our Service Office. We are not responsible for the validity of any         
assignment. If you assign the Policy, your rights and those of any revocably-   
named person will be subject to the assignment. An assignment will not affect   
any payments we may make or actions we may take before such assignment has been 
recorded at our Service Office. This may be a taxable event. You should consult 
a tax adviser if you wish to assign the Policy.                                 

ADJUSTMENT OF CHARGES                                                           

For certain individuals and certain corporate or other groups or sponsored      
arrangements purchasing one or more policies, we may waive or adjust the amount 
of the sales charge, contingent deferred sales charge, monthly administrative   
charge, or other charges where the expenses associated with the sale of the     
Policy or policies or the underwriting or other administrative costs associated 
with the Policy or policies warrant an adjustment.                              

Sales, underwriting, or other administrative expenses may be reduced for        
reasons such as expected economies resulting from a corporate purchase or a     
group or sponsored arrangement, from the amount of the initial premium payment  
or payments, or from the amount of projected premium payments. We will          
determine in our discretion if, and in what amount, an adjustment is            
appropriate. We may modify the criteria for qualification for adjustment of     
charges as experience is gained, subject to the limitation that such            
adjustments will not be unfairly discriminatory against the interests of any    
owner.                                                                          

PARTII                                                                          

EXECUTIVE OFFICERS AND DIRECTORS                                                

Our directors and executive officers and their principal occupations for the    
past five years are as follows:                                                 

                                                                [Download Table]

NAME                                               
AND PRINCIPAL                                      
BUSINESS ADDRESS  TITLES AND POSITIONS             
----------------  --------------------             
                                                   
  Michael K.      Chairman of the Board, President 
  Farrell****     and Chief Executive Officer of   
                  MetLife Investors and MetLife    
                  Investors USA since 2002 and     
                  Executive Vice President of      
                  Metropolitan Life Insurance      
                  Company since 2005. Senior Vice  
                  President of Metropolitan Life   
                  2002-2005.                       

  Susan A.        Director, MetLife Investors and  
  Buffum****      MetLife Investors USA since 2001.
                  FA, Managing Director of MetLife 
                  Investors since 1994.            

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                                                                [Download Table]

NAME                                                     
AND PRINCIPAL                                            
BUSINESS ADDRESS     TITLES AND POSITIONS                
----------------     --------------------                
                                                         
Elizabeth M.         Director and Executive Vice         
Forget*              President of MetLife Investors since
                     2003, President of Met Investors    
                     Series Trust since 2000 and Senior  
                     Vice President of Metropolitan Life 
                     since 2007. Vice President of       
                     Metropolitan Life 2002-2007.        

George               Director of MetLife Investors and   
Foulke******         MetLife Investors USA since 2003    
                     and Vice President of Metropolitan  
                     Life since 1998.                    

Jay S. Kaduson****   Director and Vice President since   
                     2007 and Director, Life             
                     Distribution of Metropolitan Life   
                     since 2006. Senior Counsel 2005-    
                     2006 and Counsel 2004-2005 of       
                     Metropolitan Life.                  

Bennett D.           Director since 2009 and Vice        
Kleinberg*****       President since 2005 of MetLife     
                     Investors and MetLife Investors     
                     USA and Vice President and Senior   
                     Actuary of Metropolitan Life since  
                     2005 when MetLife merged with       
                     Travelers Insurance Company. Vice   
                     President of Travelers Insurance    
                     Company 2003-2005.                  

Richard C.           Director of MetLife Investors since 
Pearson**            2001, Director of MetLife Investors 
                     USA since 1994, Vice President,     
                     Associate General Counsel and       
                     Secretary of MetLife Investors and  
                     MetLife Investors USA since 2007.   
                     Associate General Counsel of        
                     Metropolitan Life since 2003 and    
                     Executive Vice President, General   
                     Counsel and Secretary of MetLife    
                     Investors 2001-2007.                

Paul A.              Director of MetLife Investors and   
Sylvester****        MetLife Investors USA since 2006    
                     and Senior Vice President of        
                     Metropolitan Life since 2008.       

Jeffrey A. Tupper**  Director since 2003 and Assistant   
                     Vice President since 2001 of        
                     MetLife Investors and MetLife       
                     Investors USA.                      
                                                                [Download Table]

NAME                                                      
AND PRINCIPAL                                             
BUSINESS ADDRESS      TITLES AND POSITIONS                
----------------      --------------------                
                                                          
Kevin J.              Senior Vice President of MetLife    
Paulson*******        Investors and MetLife Investors     
                      USA since 2003 and Vice President   
                      of Metropolitan Life since 2003.    

Eric T. Steigerwalt*  Treasurer of MetLife Investors and  
                      MetLife Investors USA since 2007    
                      and Senior Vice President and       
                      Treasurer of Metropolitan Life since
                      2007. Senior Vice President of      
                      Metropolitan Life 2000-2007.        

James J. Reilly***    Vice President- Finance of MetLife  
                      Investors since 2008 and Vice       
                      President and Actuary of            
                      Metropolitan Life Insurance         
                      Company since 2005.                 

* The principal business address is Metropolitan Life Insurance Company,
1095 Avenue of the Americas, New York, NY 10036.                    

** The principal address is MetLife Investors Insurance Company, 5 Park   
Plaza, Suite 1900, Irvine, CA 92614                                 

*** The principal business address is Metropolitan Life Insurance Company,  
501 Boylston Street, Boston, MA 02116.                              

**** The principal business address is Metropolitan Life Insurance Company, 10
Park Avenue, Morristown, NJ 07962.                                  

***** The principal business address is Metropolitan Life Insurance Company,    
1300 Hall Boulevard, Bloomfield, CT 06002.                          

****** The principal business address is Metropolitan Life Insurance Company,   
334 Madison Avenue, P.O. Box 533, Convent Station, NJ 07961.      

******* The principal business address is Metropolitan Life Insurance Company,  
4700 Westown Parkway, Suite 200, West Des Moines, IA 50266      

VOTING                                                                          

In accordance with our view of present applicable law, we will vote the shares  
of the Investment Funds at special meetings of shareholders in accordance with  
instructions received from Owners having a voting interest. We will vote shares 
for which we have not received instructions in the same proportion as we vote   
shares for which we have received instructions. We will vote shares we own in   
the same proportion as we vote shares for which we have received instructions.  
The effect of this proportional voting is that a small number of Policy Owners  
may control the outcome of a vote. The Funds do not hold regular meetings of    
shareholders.                                                                   

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If the Investment Company Act of 1940 or any regulation thereunder should be    
amended or if the present interpretation thereof should change, and as a result 
we determine that we are permitted to vote the shares of the Funds in our own   
right, we may elect to do so.                                                   

The voting interests of the Owner in the Funds will be determined as follows:   
Owners may cast one vote for each $100 of Accumulation Account Value of a       
Policy which is allocated to an Investment Fund on the record date. Fractional  
votes are counted.                                                              

The number of shares which a person has a right to vote will be determined as   
of the date to be chosen by us not more than sixty (60) days prior to the       
meeting of the Fund. Voting instructions will be solicited by written           
communication at least fourteen (14) days prior to such meeting.                

Each Owner having such a voting interest will receive periodic reports relating 
to the Investment Funds in which he or she has an interest, proxy material and  
a form with which to give such voting instructions.                             

DISREGARD OF VOTING INSTRUCTIONS                                                

We may, when required to do so by state insurance authorities, vote shares of   
the Funds without regard to instructions from Owners if such instructions would 
require the shares to be voted to cause an Investment Fund to make, or refrain  
from making, investments which would result in changes in the                   
sub-classification or investment objectives of the Investment Fund. We may also 
disapprove changes in the investment policy initiated by Owners or              
trustees/directors of the Funds, if such disapproval is reasonable and is based 
on a good faith determination by us that the change would violate state or      
Federal law or the change would not be consistent with the investment           
objectives of the Investment Funds or which varies from the general quality and 
nature of investments and investment techniques used by other funds with        
similar investment objectives underlying other variable contracts offered by us 
or of an affiliated company. In the event we disregard voting instructions, a   
summary of this action and the reasons for such action will be included in the  
next annual report to owners.                                                   

OUR RIGHT TO CONTEST                                                            

We cannot contest the validity of the Policy except in the case of fraud after  
it has been in effect during the Insured's lifetime for two years. If the       
Policy is reinstated, the two-year period is measured from the date of          
reinstatement. In addition, if the Insured commits suicide in the two-year      
period, or such period as specified in state law, the benefit payable will be   
limited to premiums paid less Indebtedness and less any surrenders. We also     
have the right to adjust any benefits under the Policy if the answers in the    
application regarding the use of tobacco are not correct.                       

ADDITIONAL BENEFITS                                                             

Subject to certain requirements, one or more of the following additional        
insurance benefits may be added to a Policy by rider. Consult your registered   
representative regarding the availability of these riders. The cost of any      
additional riders will be determined in accordance with the rider and shown on  
the specifications page of your Policy. (See "Expenses -- Charge for Additional 
Benefit Riders".) Certain restrictions may apply and are described in the       
applicable rider.                                                               

ACCELERATED BENEFIT RIDER -- This rider provides a benefit to the Owner if the  
Insured becomes terminally ill and is not expected to live more than twelve     
months. The Owner may receive 25%, 50% or 75% (but no more than $250,000) of    
the eligible proceeds in a lump sum. "Eligible proceeds" means the death        
benefit that would have been payable had the Insured died on the date the rider 
is exercised.                                                                   

The receipt of an accelerated death benefit amount may adversely affect the     
recipient's eligibility for Medicaid or other government benefits or            
entitlements.                                                                   

ANNIVERSARY PARTIAL WITHDRAWAL RIDER -- This rider allows the Owner to withdraw 
up to 15% of the Policy's Cash Surrender Value on any Policy Anniversary        
without reducing the Face Amount. A contingent deferred sales charge will still 
apply.                                                                          

GUARANTEED SURVIVOR PURCHASE OPTION (GSPO-PLUS) -- This rider grants the Policy 
Owner or the Insured's Beneficiary the option to purchase, upon the death of    
the Insured, on the 10th anniversary of the rider, and on the rider anniversary 
nearest the Designated Life's 65th birthday, a specified amount of additional   
insurance coverage on the Designated Life (or Lives) without furnishing         
evidence of insurability.                                                       

LIFETIME COVERAGE RIDER -- This rider provides the continuation of the Policy's 
Face Amount beyond age 100, provided the Policy remains in force to age 100     
with a positive Cash Surrender Value. If the Policy is in force after the       
Insured's Attained Age 100, the death benefit will be the greater of the Face   
Amount or 101% of the Accumulation Account Value.                               

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SECONDARY GUARANTEE RIDER -- This rider guarantees that if, during the          
secondary guarantee period, the sum of all premiums paid on the Policy, reduced 
by any partial withdrawals and any outstanding loan balance, is greater than or 
equal to the sum of the secondary guarantee premiums required since the Issue   
Date, the Policy will not lapse as a result of an Accumulation Account Value    
less any loans, loan interest due, and any surrender charge being insufficient  
to pay the monthly deduction.                                                   

The secondary guarantee period is the lesser of twenty Policy years, or the     
number of Policy years until the Insured reaches Attained Age 70. For Policies  
issued after Attained Age 60, the secondary guarantee period is ten Policy      
years.                                                                          

SUPPLEMENTAL COVERAGE TERM RIDER -- This rider provides level term insurance on 
the life of the Insured under the base policy. It can be added only at issue.   
It cannot be increased or added to an existing Policy.                          

WAIVER OF MONTHLY DEDUCTION RIDER -- This rider provides for the waiver of the  
monthly deductions while the Insured is totally disabled, subject to certain    
limitations described in the rider. The Insured must have become disabled after 
age 5 and before age 65.                                                        

WAIVER OF SPECIFIED PREMIUM RIDER -- This rider provides for crediting the      
Policy's Accumulation Account Value with a specified monthly premium while the  
Insured is totally disabled. The monthly premium selected at issue is not       
guaranteed to keep the Policy in force. The Insured must have become disabled   
after age 5 and before age 65.                                                  

FEDERAL TAX STATUS                                                              

NOTE: The following description is based upon our understanding of current      
Federal income tax law applicable to life insurance in general. We cannot       
predict the probability that any changes in such laws will be made. Purchasers  
are cautioned to seek competent tax advice regarding the possibility of such    
changes. Section 7702 of the Internal Revenue Code of 1986, as amended          
("Code"), defines the term "life insurance contract" for purposes of the Code.  
We believe that Policies issued on a standard underwriting basis should qualify 
as "life insurance contracts" under Section 7702. There is more uncertainty as  
to Policies issued on a substandard risk basis. We do not guarantee the tax     
status of the Policies. Purchasers bear the complete risk that the Policies may 
not be treated as a "life insurance contract" under Federal income tax laws.    
Purchasers should consult their own tax advisers. It should be further          
understood that the following discussion is not exhaustive and that special     
rules not described in this prospectus may be applicable in certain situations. 
In general, however, the insurance proceeds payable on the death of the Insured 
will never be less than the minimum amount required for the Policy to be        
treated as life insurance under section 7702 of the Internal Revenue Code, as   
in effect on the date the Policy was issued.                                    

INTRODUCTION. The discussion contained herein is general in nature and is not   
intended as tax advice. It does not purport to be complete or to address every  
situation. Each person concerned should consult a competent tax adviser. No     
attempt is made to consider any applicable state or other tax laws. Moreover,   
the discussion herein is based upon our understanding of current federal income 
tax laws as they are currently interpreted. No representation is made regarding 
the likelihood of continuation of those current federal income tax laws or of   
the current interpretations by the Internal Revenue Service.                    

IRS CIRCULAR 230 NOTICE: The tax information contained herein is not intended   
to (and cannot) be used by anyone to avoid IRS penalties. It is intended to     
support the sale of the Policy. The Policy Owner should seek tax advice based   
on the Policy Owner's particular circumstances from an independent tax adviser. 

We are taxed as a life insurance company under the Code. For federal income tax 
purposes, the Separate Account is not a separate entity from us and its         
operations form a part of us.                                                   

DIVERSIFICATION. Section 817(h) of the Code imposes certain diversification     
standards on the underlying assets of variable life insurance policies. The     
Code provides that a variable life insurance policy will not be treated as life 
insurance for any period (and any subsequent period) for which the investments  
are not, in accordance with regulations prescribed by the United States         
Treasury Department ("Treasury Department"), adequately diversified.            
Disqualification of the Policy as a life insurance contract would result in     
imposition of federal income tax to the Owner with respect to earnings          
allocable to the Policy prior to the receipt of payments under the Policy. We   
intend that each Investment Fund underlying the Policies will be managed by the 
managers in such a manner as to comply with these diversification requirements. 
If Investment Fund shares are sold directly to tax-qualified retirement plans   
that later lose their tax-qualified status, or to non-qualified plans, the      
separate accounts investing in                                                  

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the Investment Funds may fail the diversification requirements of section       
817(h) of the Internal Revenue Code, which could have adverse tax consequences, 
including losing the benefit of tax deferral.                                   

INVESTOR CONTROL. In some circumstances, owners of variable contracts who       
retain excessive control over the investment of the underlying separate account 
assets may be treated as the owners of those assets. Although published         
guidance in this area does not address certain aspects of the Policies, we      
believe that the Owner of a Policy should not be treated as the owner of the    
Separate Account assets. We reserve the right to modify the Policies to bring   
them into conformity with applicable standards should such modification be      
necessary to prevent Owners of the Policies from being treated as the owners of 
the underlying Separate Account assets.                                         

TAX TREATMENT OF THE POLICY. The Policy has been designed to comply with the    
definition of life insurance contained in Section 7702 of the Code. Although    
some interim guidance has been provided and proposed regulations have been      
issued, final regulations have not been adopted. Section 7702 of the Code       
requires that the amount of mortality and other expense charges be reasonable.  
In establishing these charges, we have relied on interim IRS guidance.          
Currently, there is even less guidance as to Policies issued on a substandard   
risk basis. Moreover, if you elect the Accelerated Death Benefit Rider, the     
continued tax qualification of the Policy after a distribution is made under    
the rider is unclear.                                                           

While we have attempted to comply with Section 7702, the law in this area is    
very complex and unclear. There is a risk, therefore, that the Internal Revenue 
Service will not concur with our interpretations of Section 7702 that were made 
in determining such compliance. In the event the Policy is determined not to so 
comply, it would not qualify for the favorable tax treatment usually accorded   
life insurance policies. You should consult your own tax advisers with respect  
to the tax consequences of purchasing the Policy. The following discussion      
assumes that the Policy will satisfy Section 7702.                              

POLICY PROCEEDS. The tax treatment accorded to loan proceeds and/or surrender   
payments from the policies will depend on whether the Policy is considered to   
be a MEC. (See "Tax Treatment of Loans and Surrenders.") Otherwise, we believe  
that the Policy should receive the same Federal income tax treatment as any     
other type of life insurance. As such, the death benefit thereunder is          
generally excludable from the gross income of the Beneficiary to the extent     
provided in Section 101(a) of the Code. Also, you are not deemed to be in       
constructive receipt of the Cash Surrender Value, including increments thereon, 
under a Policy until there is a distribution of such amounts.                   

In the case of employer-owned life insurance as defined in Section 101(j), the  
amount of the death benefit excludable from gross income is limited to premiums 
paid unless the Policy falls within certain specified exceptions and a notice   
and consent requirement is satisfied before the Policy is issued. Certain       
specified exceptions are based on the status of an employee as highly           
compensated or recently employed. There are also exceptions for Policy proceeds 
paid to an employee's heirs. These exceptions only apply if proper notice is    
given to the insured employee and consent is received from the insured employee 
before the issuance of the Policy. These rules apply to Policies issued         
August 18, 2006 and later and also apply to policies issued before August 18,   
2006 after a material increase in the death benefit or other material change.   
An IRS reporting requirement applies to employer-owned life insurance subject   
to these rules. Because these rules are complex and will affect the tax         
treatment of death benefits, it is advisable to consult tax counsel. The death  
benefit will also be taxable in the case of a transfer-for-value unless certain 
exceptions apply.                                                               

Federal, state and local estate, inheritance and other tax consequences of      
ownership, or receipt of Policy proceeds, depend on the circumstances of each   
owner or Beneficiary.                                                           

TAX TREATMENT OF LOANS AND SURRENDERS. Section 7702A of the Code sets forth the 
rules for determining when a life insurance Policy will be deemed to be a MEC.  
A MEC is a contract which is entered into or materially changed on or after     
June 21, 1988 and fails to meet the 7-pay test. A Policy fails to meet the      
7-pay test when the cumulative amount paid under the Policy at any time during  
the first 7 Policy years exceeds the sum of the net level premiums which would  
have been paid on or before such time if the Policy provided for paid-up future 
benefits after the payment of seven (7) level annual premiums. A material       
change would include any increase in the future benefits or addition of         
qualified additional benefits provided under a Policy unless the increase is    
attributable to: (1) the payment of premiums necessary to fund the lowest death 
benefit and qualified additional benefits payable in the first seven Policy     
years; or (2) the crediting of interest or other earnings with respect to such  
premiums.                                                                       

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Certain changes in a Policy after it is issued could also cause it to fail to   
satisfy the 7-pay test and therefore to be classified as a MEC. Making          
additional payments, reducing the Policy's death benefit, reducing the Policy's 
benefits through a partial withdrawal, a change in death benefit option, and    
termination of benefits under a rider are examples of changes that could result 
in your Policy becoming classified as a MEC. Reducing the death benefit below   
the lowest death benefit provided by the Policy during the first seven years    
will probably cause the Policy to be classified as a MEC if such a reduction    
occurs during the first seven Policy years in the case of a Single Life Policy  
or at any time in the case of a Joint and Last Survivor Policy. Even if these   
events do not result in a Policy becoming classified as a MEC, they could       
reduce the amount that may be paid in the future without causing the Policy to  
be classified as a MEC. You should consult a tax adviser to determine whether a 
Policy transaction will cause your Policy to be classified as a MEC.            

Furthermore, any Policy received in exchange for a Policy classified as a MEC   
will be treated as a MEC regardless of whether it meets the 7-pay test.         
However, an exchange under Section 1035 of the Code of a life insurance Policy  
entered into before June 21, 1988 for the Policy will not cause the Policy to   
be treated as a MEC if no additional premiums are paid.                         

Due to the flexible premium nature of the Policy, the determination of whether  
it qualifies for treatment as a MEC depends on the individual circumstances of  
each Policy.                                                                    

If the Policy is classified as a MEC, then any distribution (including the      
proceeds of any loan) is taxable to the extent of income in the Policy.         
Distributions are deemed to be on a last-in, first-out basis, which means the   
taxable income is distributed first. Distributions, including those resulting   
from surrender or lapse of the Policy, may also be subject to an additional 10% 
federal income tax penalty applied to the income portion of such distribution.  
The penalty shall not apply, however, to any distributions: (1) made on or      
after the date on which the taxpayer reaches age 59 1/2; (2) which is           
attributable to the taxpayer becoming disabled (within the meaning of           
Section 72(m)(7) of the Code); or (3) which is part of a series of              
substantially equal periodic payments made not less frequently than annually    
for the life (or life expectancy) of the taxpayer or the joint lives (or joint  
life expectancies) of such taxpayer and his beneficiary.                        

If a Policy becomes a MEC, distributions that occur during the Policy year will 
be taxed as distributions from a MEC. In addition, distributions from a Policy  
within two years before it becomes a MEC will be taxed in this manner. This     
means that a distribution made from a Policy that is not a MEC could later      
become taxable as a distribution from a MEC.                                    

If a Policy is not classified as a MEC, then any surrenders shall be treated    
first as a recovery of the investment in the Policy which would not be received 
as taxable income. However, if a distribution is the result of a reduction in   
benefits under the Policy within the first fifteen years after the Policy is    
issued in order to comply with Section 7702, such distribution will, under      
rules set forth in Section 7702, be taxed as ordinary income to the extent of   
income in the Policy.                                                           

Loans from a Policy which is not classified as a MEC, will generally be treated 
as Indebtedness of the Owner and not a distribution. However, there is          
uncertainty as to loans from such a Policy after the 10th Policy year and you   
should consult a tax adviser as to the treatment of such loans.                 

If your Policy is surrendered, cancelled, lapses, or is exchanged while any     
Policy loan is outstanding, the amount of the Policy loan plus accrued interest 
will be deemed to be distributed to you and could be partly or wholly taxable,  
depending on your particular circumstances. Cash distributed to you from the    
Policy in these circumstances may be insufficient to pay the tax attributable   
to any Policy loan.                                                             

Interest payable on a loan under a Policy is generally not deductible.          

Policyowners should seek competent tax advice on the tax consequences of taking 
loans, distributions, exchanging or surrendering any Policy.                    

MULTIPLE POLICIES. The Code further provides that multiple MECs that are issued 
within a calendar year period to the same owner by one company or its           
affiliates are treated as one MEC for purposes of determining the taxable       
portion of any loans or distributions. Such treatment may result in adverse tax 
consequences including more rapid taxation of the loans or distributed amounts  
from such combination of policies. You should consult a tax adviser prior to    
purchasing more than one MEC in any calendar year period.                       

CONTINUATION OF POLICY BEYOND AGE 100. The tax consequences of continuing the   
Policy beyond the Insured's 100th birthday (or the younger Insured's 100th      
birthday                                                                        

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with respect to the Joint and Last Survivor Policy) are unclear. You should     
consult a tax adviser if you intend to keep the Policy in force beyond the      
Insured's 100th birthday (or the younger Insured's 100th birthday with respect  
to the Joint and Last Survivor Policy).                                         

TAX TREATMENT OF ASSIGNMENTS. An assignment of a Policy or the change of        
ownership of a Policy may be a taxable event. You should therefore consult a    
competent tax adviser should you wish to assign or change the owner of your     
Policy.                                                                         

QUALIFIED PLANS. The Policies may be used in conjunction with certain Qualified 
Plans. Because the rules governing such use are complex and the amount of life  
insurance provided in connection with such plans may be limited, you should not 
do so until you have consulted a competent Qualified Plans consultant.          

INCOME TAX WITHHOLDING. All distributions or the portion thereof which is       
includible in gross income of the Policy owner are subject to Federal income    
tax withholding. However, in most cases you may elect not to have taxes         
withheld. You may be required to pay penalties under the estimated tax rules,   
if withholding and estimated tax payments are insufficient.                     

LIFE INSURANCE PURCHASES BY NONRESIDENT ALIENS AND FOREIGN CORPORATIONS. Policy 
Owners that are not U.S. citizens or residents will generally be subject to     
U.S. Federal withholding tax on taxable distributions from life insurance       
policies at a 30% rate, unless a lower treaty rate applies. In addition, Policy 
Owners may be subject to state and/or municipal taxes and taxes that may be     
imposed by the Policy Owner's country of citizenship or residence. Prospective  
purchasers are advised to consult with a qualified tax adviser regarding        
taxation with respect to a purchase of the Policy.                              

BUSINESS USES OF POLICY. Businesses can use the Policies in various             
arrangements, including nonqualified deferred compensation or salary            
continuance plans, split dollar insurance plans, executive bonus plans, tax     
exempt and nonexempt welfare benefit plans, retiree medical benefit plans and   
others. The tax consequences of such plans may vary depending on the particular 
facts and circumstances. If you are purchasing the Policy for any arrangement   
the value of which depends in part on its tax consequences, you should consult  
a qualified tax adviser. In the case of a business-owned Policy, the provisions 
of Section 101(j) of the Code may limit the amount of the death benefit         
excludable from gross income unless a specified exception applies and a notice  
and consent requirement is satisfied, as discussed above. In recent years,      
moreover, Congress has adopted new rules relating to life insurance owned by    
businesses. Any business contemplating the purchase of a new Policy or a change 
in an existing Policy should consult a tax adviser.                             

NON-INDIVIDUAL OWNERS AND BUSINESS BENEFICIARIES OF POLICIES. Ownership of the  
Policy by a corporation, trust or other non-natural person could jeopardize     
some (or all) of such entity's interest deduction under Internal Revenue Code   
Section 264, even where such entity's indebtedness is in no way connected to    
the Policy. In addition, under Section 264(f)(5), if a business (other than a   
sole proprietorship) is directly or indirectly a beneficiary of the Policy, the 
Policy could be treated as held by the business for purposes of the             
Section 264(f) entity-holder rules. Therefore, it would be advisable to consult 
with a qualified tax adviser before any non-natural person is made an Owner or  
holder of the Policy, or before a business (other than a sole proprietorship)   
is made a beneficiary of the Policy.                                            

SPLIT-DOLLAR ARRANGEMENTS. The IRS and the Treasury Department have recently    
issued guidance that substantially affects split-dollar arrangements. You       
should consult a qualified tax adviser before entering into or paying           
additional premiums with respect to such arrangements.                          

In addition, the Sarbanes-Oxley Act of 2002 (the "Act"), which was signed into  
law on July 30, 2002, prohibits, with limited exceptions, publicly-traded       
companies, including non-U.S. companies that have securities listed on U.S.     
exchanges, from extending directly or indirectly or through a subsidiary, many  
types of personal loans to their directors or executive officers. It is         
possible that this prohibition may be interpreted to apply to split-dollar life 
insurance arrangements for directors and executive officers of such companies,  
since such arrangements can arguably be viewed as involving a loan from the     
employer for at least some purposes.                                            

Any affected business contemplating the payments of a premium on an existing    
Policy or the purchase of a new Policy in connection with a split-dollar life   
insurance arrangement should consult legal counsel.                             

Split dollar plans that provide deferred compensation may be subject to         
recently enacted rules governing deferred compensation arrangements. Failure to 
adhere to these rules will result in adverse tax consequences. A tax adviser    
should be consulted with respect to such plans.                                 

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ESTATE, GIFT AND GENERATION-SKIPPING TRANSFER TAXES. The transfer of the Policy 
or the designation of a beneficiary may have Federal, state, and/or local       
transfer and inheritance tax consequences, including the imposition of gift,    
estate, and generation-skipping transfer taxes. When the insured dies, the      
death proceeds will generally be includable in the Policy Owner's estate for    
purposes of the Federal estate tax if the Policy Owner was the insured. If the  
Policy Owner was not the insured, the fair market value of the Policy would be  
included in the Policy Owner's estate upon the Policy Owner's death. The Policy 
would not be includable in the insured's estate if the insured neither retained 
incidents of ownership at death nor had given up ownership within three years   
before death.                                                                   

Moreover, under certain circumstances, the Internal Revenue Code may impose a   
"generation-skipping transfer tax" when all or part of a life insurance policy  
is transferred to, or a death benefit is paid to, an individual two or more     
generations younger than the Policy Owner. Regulations issued under the         
Internal Revenue Code may require us to deduct the tax from your Policy, or     
from any applicable payment, and pay it directly to the IRS.                    

Qualified tax advisers should be consulted concerning the estate and gift tax   
consequences of Policy ownership and distributions under Federal, state and     
local law. The individual situation of each Policy Owner or beneficiary will    
determine the extent, if any, to which Federal, state, and local transfer and   
inheritance taxes may be imposed and how ownership or receipt of Policy         
proceeds will be treated for purposes of Federal, state and local estate,       
inheritance, generation-skipping and other taxes.                               

The Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA")        
repeals the Federal estate tax and replaces it with a carryover basis income    
tax regime effective for estates of decedents dying after December 31, 2009.    
EGTRRA also repeals the generation-skipping transfer tax, but not the gift tax, 
for transfers made after December 31, 2009. EGTRRA contains a sunset provision, 
which essentially returns the Federal estate, gift and generation-skipping      
transfer taxes to their pre-EGTRRA form, beginning in 2011. Congress may or may 
not enact permanent repeal between now and then.                                

During the period prior to 2010, EGTRRA provides for periodic decreases in the  
maximum estate tax rate coupled with periodic increases in the estate tax       
exemption. For 2007-2009, the maximum estate tax rate is 45%. The estate tax    
exemption is $2,000,000 for 2006-2008 and $3,500,000 in 2009.                   

The complexity of the new tax law, along with uncertainty as to how it might be 
modified in coming years, underscores the importance of seeking guidance from a 
qualified adviser to help ensure that your estate plan adequately addresses     
your needs and those of your beneficiaries under all possible scenarios.        

TAX CREDITS AND DEDUCTIONS                                                      

The Company may be entitled to certain tax benefits related to the assets of    
the Separate Account. These tax benefits, which may include foreign tax credits 
and corporate dividends received deductions, are not passed back to the         
Separate Account or to Policy Owners since the Company is the owner of the      
assets from which the tax benefits are derived.                                 

ALTERNATIVE MINIMUM TAX. There may also be an indirect tax on the income in the 
Policy or the proceeds of the Policy under the Federal corporate alternative    
minimum tax if the Owner is subject to that tax.                                

POSSIBLE TAX LAW CHANGES. Although the likelihood of legislative changes is     
uncertain, there is always the possibility that the tax treatment of the Policy 
could change by legislation or otherwise. Consult a tax adviser with respect to 
legislative developments and their effect on the Policy.                        

THE COMPANY'S INCOME TAXES. Under current Federal income tax law we are not     
taxed on the Separate Account's operations. Thus, currently we do not deduct a  
charge from the Separate Account for company Federal income taxes. (We do       
deduct a charge for Federal taxes from premiums.) We reserve the right to       
charge the Separate Account for any future Federal income taxes we may incur.   
Under current laws we may incur state and local taxes (in addition to premium   
taxes). These taxes are not now significant and we are not currently charging   
for them. If they increase, we may deduct charges for such taxes.               

REPORTS TO OWNERS                                                               

Each year a report will be sent to you which shows the current Policy values,   
premiums paid and deductions made since the last report, and any outstanding    
loans.                                                                          

LEGAL PROCEEDINGS                                                               

In the ordinary course of business, MetLife Investors, similar to other life    
insurance companies, is involved in lawsuits (including class action lawsuits), 
arbitrations and other legal proceedings. Also, from time to time, state and    
federal regulators or other officials conduct formal and                        

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informal examinations or undertake other actions dealing with various aspects   
of the financial services and insurance industries. In some legal proceedings   
involving insurers, substantial damages have been sought and/or material        
settlement payments have been made.                                             

It is not possible to predict with certainty the ultimate outcome of any        
pending legal proceeding or regulatory action. However, MetLife Investors does  
not believe any such action or proceeding will have a material adverse effect   
upon the Separate Account or upon the ability of MetLife Investors Distribution 
Company to perform its contract with the Separate Account or of MetLife         
Investors to meet its obligations under the contracts.                          

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM [2008 Financial Statements        
Omitted]                                                                        

The financial statements of each of the Sub-Accounts of MetLife Investors       
Variable Life Account One and MetLife Investors Variable Life Account Five      
included in this Prospectus have been audited by Deloitte & Touche LLP, an      
independent registered public accounting firm, as stated in their reports       
appearing herein, and are included in reliance upon the reports of such firm    
given upon their authority as experts in accounting and auditing. The principal 
address of Deloitte & Touche LLP is 201 East Kennedy Boulevard, Suite 1200,     
Tampa, Florida 33602-5827.                                                      

The financial statements of MetLife Investors Insurance Company (the "Company") 
included in this Prospectus have been audited by Deloitte & Touche LLP, an      
independent registered public accounting firm, as stated in their report        
appearing herein (which report expresses an unqualified opinion and includes an 
explanatory paragraph referring to the fact that the Company changed its method 
of accounting for certain assets and liabilities to a fair value measurement    
approach as required by accounting guidance adopted on January 1, 2008, and     
changed its method of accounting for income taxes as required by accounting     
guidance adopted on January 1, 2007), and are included in reliance upon the     
report of such firm given upon their authority as experts in accounting and     
auditing. The principal address of Deloitte & Touche LLP is 201 East Kennedy    
Boulevard, Suite 1200, Tampa, Florida 33602-5827.                               

The consolidated financial statements of General American Life Insurance        
Company and subsidiaries (the "Guarantor") included in this Prospectus have     
been audited by Deloitte & Touche LLP, an independent registered public         
accounting firm, as stated in their report appearing herein (which report       
expresses an unqualified opinion and includes an explanatory paragraph          
referring to the fact that the Guarantor changed its method of accounting for   
certain assets and liabilities to a fair value measurement approach as required 
by accounting guidance adopted on January 1, 2008, and changed its method of    
accounting for deferred acquisition costs and for income taxes as required by   
accounting guidance adopted on January 1, 2007), and are included in reliance   
upon the report of such firm given upon their authority as experts in           
accounting and auditing. The principal address of Deloitte & Touche LLP is 201  
East Kennedy Boulevard, Suite 1200, Tampa, Florida 33602-5827.                  

The consolidated financial statements and financial statement schedules         
included in MetLife, Inc. and subsidiaries' ("MetLife's") Current Report on     
Form 8-K dated June 12, 2009, incorporated by reference in this Prospectus and  
the effectiveness of MetLife's internal control over financial reporting for    
the year ended December 31, 2008 included in the Annual Report on Form 10-K     
incorporated by reference herein, have been audited by Deloitte & Touche LLP,   
an independent registered public accounting firm, as stated in their reports    
(which (1) express an unqualified opinion on the consolidated financial         
statements and financial statement schedules and include an explanatory         
paragraph regarding changes in MetLife's method of accounting for certain       
assets and liabilities to a fair value measurement approach as required by      
accounting guidance adopted on January 1, 2008, and its method of accounting    
for deferred acquisition costs and for income taxes as required by accounting   
guidance adopted on January 1, 2007, and (2) express an unqualified opinion on  
MetLife's effectiveness of internal control over financial reporting), which    
are incorporated herein by reference. Such consolidated financial statements    
and financial statement schedules have been so incorporated in reliance upon    
the reports of such firm given upon their authority as experts in accounting    
and auditing.                                                                   

ADDITIONAL INFORMATION                                                          

As noted in the THE COMPANY section of this Prospectus, MetLife, Inc. has       
entered into a net worth maintenance agreement with the Company. As permitted   
by Securities and Exchange Commission ("SEC") rules, we are incorporating into  
this Prospectus the following documents which have been filed with the SEC,     
which means these documents are legally part of the Prospectus:                 

(i) The consolidated financial statements and financial schedules from MetLife  
and subsidiaries' Annual Report on                                              

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Form 10-K for the year ended December 31, 2008, filed on March 2, 2009 (File    
No. 001-15787), can be viewed on the SEC website at www.sec.gov.;               

(ii) the unaudited interim condensed consolidated financial statements          
(including notes thereto) included in MetLife's Quarterly Report on Form 10-Q   
for the period ended March 31, 2009, filed on May 7, 2009 (File No. 001-15787), 
can be viewed on the SEC website at www.sec.gov.;                               

(iii) the unaudited interim condensed consolidated financial statements         
(including notes thereto) included in MetLife's Quarterly Report on Form 10-Q   
for the period ended June 30, 2009, filed on August 4, 2009 (File No.           
001-15787), can be viewed on the SEC website at www.sec.gov.;                   

(iv) MetLife's Current Report on Form 8-K filed with the SEC on June 12, 2009   
(File No. 001-15787), can be viewed on the SEC website at www.sec.gov.          

(v) MetLife's Current Reports on Form 8-K filed with the SEC on October 29,     
2009 (File No. 001-15787), can be viewed on the SEC website at www.sec.gov.     

You should only consider MetLife, Inc.'s financial statements (including notes  
and financial statement schedules thereto) and other financial information that 
we have incorporated by reference as noted above as bearing on the ability of   
MetLife, Inc. to meet its obligations under the net worth maintenance agreement.

FINANCIAL STATEMENTS [2008 Financial Statements are Omitted]                    

Financial Statements of the Separate Accounts, the Company and General American 
Life are provided herein.                                                       

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APPENDIX A                                                                      
PARTICIPATING INVESTMENT FUNDS                                                  
INVESTMENT OBJECTIVES                                                           

Below is a listing of the investment advisers and subadvisers, if any, and the  
investment objectives of each Investment Fund available under the policy. The   
Investment Funds' prospectuses contain more complete information, including a   
description of the investment objectives, policies, restrictions and risks.     
THERE CAN BE NO ASSURANCE THAT THE INVESTMENT OBJECTIVES WILL BE ACHIEVED.      

AIM VARIABLE INSURANCE FUNDS                                                    
(SERIES 1 SHARES):                                                              

AIM Variable Insurance Funds is a mutual fund with multiple portfolios. Invesco 
Aim Advisors, Inc. is the investment adviser to each portfolio. The following   
Series I portfolio is available under the policy:                               

AIM V.I. INTERNATIONAL GROWTH FUND                                              

SUBADVISERS: Invesco Asset Management Deutschland GmbH; Invesco Asset           
Management Limited; Invesco Asset Management (Japan) Limited; Invesco Australia 
Limited; Invesco Global Asset Management (N.A.), Inc.; Invesco Hong Kong        
Limited; Invesco Institutional (N.A.), Inc.; Invesco Senior Secured Management, 
Inc.; Invesco Trimark Investment Management Inc.                                

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS 1):                 

Franklin Templeton Variable Insurance Products Trust is a mutual fund with      
multiple portfolios. Templeton Investment Counsel, LLC is the investment        
adviser for the following Class 1 portfolio available under the policy:         

TEMPLETON FOREIGN SECURITIES FUND                                               

SUBADVISER: Franklin Templeton Investment Management Limited                    

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

MET INVESTORS SERIES TRUST (CLASS A):                                           

Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an     
affiliate of MetLife Investors. MetLife Advisers, LLC has engaged subadvisers   
to provide investment advice for the individual portfolios. Met Investors       
Series Trust is a mutual fund with multiple portfolios. The following Class A   
portfolios are available under the policy:                                      

CLARION GLOBAL REAL ESTATE PORTFOLIO                                            

SUBADVISER: ING Clarion Real Estate Securities, L.P.                            

INVESTMENT OBJECTIVE: Seeks total return through investment in real estate      
securities, emphasizing both capital appreciation and current income.           

LAZARD MID CAP PORTFOLIO                                                        

SUBADVISER: Lazard Asset Management LLC                                         

INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO                                 

SUBADVISER: ClearBridge Advisors, LLC                                           

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

LORD ABBETT BOND DEBENTURE PORTFOLIO                                            

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks high current income and the opportunity for capital 
appreciation to produce a high total return.                                    

LORD ABBETT GROWTH AND INCOME PORTFOLIO                                         

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks long-term growth of capital and income without      
excessive fluctuation in market value.                                          

LORD ABBETT MID CAP VALUE PORTFOLIO                                             

SUBADVISER: Lord, Abbett & Co. LLC                                              

INVESTMENT OBJECTIVE: Seeks capital appreciation through investments primarily  
in equity securities which are believed to be undervalued in the marketplace.   

MET/AIM SMALL CAP GROWTH PORTFOLIO                                              

SUBADVISER: Invesco Aim Capital Management, Inc.                                

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INVESTMENT OBJECTIVE: Seeks long-term growth of capital.                        

MFS(R) EMERGING MARKETS EQUITY PORTFOLIO                                        

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

MFS(R) RESEARCH INTERNATIONAL PORTFOLIO                                         

SUBADVISER: Massachusetts Financial Services Company                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

OPPENHEIMER CAPITAL APPRECIATION PORTFOLIO                                      

SUBADVISER: OppenheimerFunds, Inc.                                              

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

PIMCO TOTAL RETURN PORTFOLIO                                                    

SUBADVISER: Pacific Investment Management Company LLC                           

INVESTMENT OBJECTIVE: Seeks maximum total return, consistent with the           
preservation of capital and prudent investment management.                      

VAN KAMPEN MID CAP GROWTH PORTFOLIO                                             

SUBADVISER: Morgan Stanley Investment Management, Inc. (d/b/a Van Kampen)       

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

METROPOLITAN SERIES FUND, INC. (CLASS A):                                       

Metropolitan Series Fund, Inc. is a mutual fund with multiple portfolios.       
MetLife Advisers, LLC is the investment adviser to the portfolios. MetLife      
Advisers, LLC has engaged subadvisers to provide investment advice for the      
individual portfolios. The following Class A portfolios are available under the 
policy:                                                                         

BLACKROCK BOND INCOME PORTFOLIO                                                 

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a competitive total return primarily from investing 
in fixed-income securities.                                                     

BLACKROCK MONEY MARKET PORTFOLIO                                                

SUBADVISER: BlackRock Advisors, LLC                                             

INVESTMENT OBJECTIVE: Seeks a high level of current income consistent with      
preservation of capital.                                                        

T. ROWE PRICE LARGE CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long term growth of capital and, secondarily,       
dividend income.                                                                

T. ROWE PRICE SMALL CAP GROWTH PORTFOLIO                                        

SUBADVISER: T. Rowe Price Associates, Inc.                                      

INVESTMENT OBJECTIVE: Seeks long-term capital growth.                           

WESTERN ASSET MANAGEMENT STRATEGIC BOND OPPORTUNITIES PORTFOLIO                 

SUBADVISER: Western Asset Management Company                                    

INVESTMENT OBJECTIVE: Seeks to maximize total return consistent with            
preservation of capital.                                                        

PUTNAM VARIABLE TRUST (CLASS IA):                                               

Putnam Variable Trust is a mutual fund with multiple portfolios. Putnam         
Investment Management, LLC is the investment adviser to each portfolio. The     
following portfolios are available under the policy:                            

PUTNAM VT GROWTH AND INCOME FUND                                                

INVESTMENT OBJECTIVE: Seeks capital growth and current income.                  

PUTNAM VT VISTA FUND                                                            

INVESTMENT OBJECTIVE: Seeks capital appreciation.                               

DISCONTINUED INVESTMENT PORTFOLIOS. The following investment options are no     
longer available for allocations of premiums or transfers of cash value         
(excluding rebalancing and dollar cost averaging programs in existence at the   
time of closing): (a) DWS Variable Series II: DWS Government & Agency           
Securities VIP (Class A) (closed effective May 1, 2002); and (b) Metropolitan   
Series Fund, Inc.: BlackRock Legacy Large Cap Growth Portfolio (Class A) (added 
and closed effective May 1, 2009).                                              

Effective as of April 28, 2003, General American Money Market Fund was merged   
into the State Street Research Money Market Portfolio of Metropolitan Series    
Fund, Inc. and the following investment portfolios of the Met Investors Series  
Trust were merged: J.P. Morgan Enhanced Index Portfolio merged into the Lord    
Abbett Growth and Income Portfolio; J.P. Morgan International Equity Portfolio  
merged into the MFS(R) Research International Portfolio; and Lord Abbett        
Developing Growth Portfolio                                                     

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merged into the Lord Abbett Growth Opportunities Portfolio.                     

Effective as of May 1, 2004, the following investment portfolios were replaced: 
(a) AIM Variable Insurance Funds: AIM V.I. Premier Equity Fund (Series I) was   
replaced with the Lord Abbett Growth and Income Portfolio (Class A) of Met      
Investors Series Trust ("MIST"); (b) AllianceBernstein Variable Products Series 
Fund, Inc.: AllianceBernstein Premier Growth Portfolio (Class A) was replaced   
with the Janus Aggressive Growth Portfolio (Class A) of MIST; (c) Franklin      
Templeton Variable Insurance Products Trust (Class 1): Franklin Small Cap Fund  
was replaced with the T. Rowe Price Small Cap Growth Portfolio (Class A) of     
Metropolitan Series Fund, Inc. ("MSF"); and Mutual Shares Securities Fund was   
replaced with the Lord Abbett Growth and Income Portfolio (Class A) of MIST;    
(d) Goldman Sachs Variable Insurance Trust ("GSVIT"): GSVIT Growth and Income   
Fund (closed effective March 1, 2002) was replaced with the Lord Abbett Growth  
and Income Fund (Class A) of MIST; and GSVIT International Equity Fund (closed  
effective March 1, 2002) was replaced with the MFS(R) Research International    
Portfolio (Class A) of MIST; (e) Liberty Variable Investments: the Newport      
Tiger Fund, Variable Series (Class A) (closed effective May 1, 2002) was        
replaced with the MFS(R) Research International Portfolio (Class A) of MIST;    
(f) MFS(R) Variable Insurance Trust (Initial Class): MFS(R) Research Series     
(closed effective May 1, 2003) was replaced with the Oppenheimer Capital        
Appreciation Portfolio (Class A) of MIST; MFS(R) Emerging Growth Series was     
replaced with the T. Rowe Price Large Cap Growth Portfolio (Class A) of MSF;    
and the MFS(R) Strategic Income Series was replaced with the Salomon Brothers   
Strategic Bond Opportunities Portfolio (Class A) of MSF; (g) Oppenheimer        
Variable Account Funds (Initial Class): Oppenheimer Strategic Bond Fund/VA was  
replaced with the PIMCO Total Return Portfolio (Class A) of MIST; Oppenheimer   
Main Street Fund/VA was replaced with the Lord Abbett Growth and Income         
Portfolio (Class A) of MIST; Oppenheimer High Income Fund/VA was replaced with  
the Lord Abbett Bond Debenture Portfolio (Class A) of MIST; Oppenheimer Bond    
Fund/VA was replaced with the State Street Research Bond Income Portfolio       
(Class A) of MSF; and (h) Putnam Variable Trust (Class IA): Putnam VT New Value 
Fund (closed effective May 1, 2003) was replaced with the Lord Abbett Growth    
and Income Fund (Class A) of MIST; and the Putnam VT International New          
Opportunities Fund (closed effective May 1, 2003) was replaced with the MFS(R)  
Research International Portfolio (Class A) of MIST.                             

Effective as of November 22, 2004, the J.P. Morgan Quality Bond Portfolio       
(Class A) of the Met Investors Series Trust was merged into the PIMCO Total     
Return Portfolio (Class A) of the Met Investors Series Trust and the J.P.       
Morgan Select Equity Portfolio (Class A) of the Met Investors Series Trust was  
closed.                                                                         

Effective as of May 1, 2005, the following investment portfolios were replaced: 
(a) AllianceBernstein Variable Products Series Fund, Inc.: the                  
AllianceBernstein Real Estate Investment Portfolio (Class A) was replaced with  
the Neuberger Berman Real Estate Portfolio (Class A) of the Met Investors       
Series Trust; (b) MFS(R) Variable Insurance Trust: the MFS(R) High Income       
Series (Initial Class) was replaced with the Lord Abbett Bond Debenture         
Portfolio (Class A) of the Met Investors Series Trust, the MFS(R) Investors     
Trust Series (Initial Class) was replaced with the Oppenheimer Capital          
Appreciation Portfolio (Class A) of the Met Investors Series Trust and the MFS  
New Discovery Series (Initial Class) was replaced with the Met/AIM Small Cap    
Growth Portfolio of the Met Investors Series Trust; (c) Putnam Variable Trust:  
the Putnam VT International Equity Fund (Class IA) was replaced with the MFS    
Research International Portfolio (Class A) of the Met Investors Series Trust;   
(d) Oppenheimer Variable Account Funds: the Oppenheimer Capital Appreciation    
Fund/VA (Class A) (closed May 1, 2004) was replaced with the Oppenheimer        
Capital Appreciation Portfolio (Class A) of the Met Investors Series Trust.     

Effective as of April 30, 2007, the following investment portfolios were        
replaced: (a) AIM Variable Insurance Funds: AIM V.I. Capital Appreciation Fund  
(Series I) was replaced with the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series Trust; and (b) DWS Variable Series II: DWS Small 
Cap Growth VIP (Class A) was replaced with the T. Rowe Price Small Cap Growth   
Portfolio (Class A) of the Metropolitan Series Fund, Inc.                       

Effective as of April 30, 2007, the Met/Putnam Capital Opportunities Portfolio  
(Class A) of the Met Investors Series Trust was merged into the Lazard Mid-Cap  
Portfolio (Class A) of the Met Investors Series Trust.                          

Effective as of April 28, 2008, the Templeton Developing Markets Securities     
Fund (Class 1) of the Franklin Templeton Variable Insurance Products Trust was  
replaced with the MFS(R) Emerging Markets Equity Portfolio (Class A) of the Met 
Investors Series Trust.                                                         

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Effective as of May 4, 2009, the Met/AIM Capital Appreciation Portfolio (Class  
A) of the Met Investors Series Trust merged into the BlackRock Legacy Large Cap 
Growth Portfolio (Class A) of the Metropolitan Series Fund, Inc.                

YOU SHOULD READ THE PROSPECTUSES FOR THESES DISCONTINUED INVESTMENT PORTFOLIOS  
FOR MORE INFORMATION ON FEES, CHARGES, INVESTMENT OBJECTIVES AND RISKS. A COPY  
OF THE FUND PROSPECTUSES HAS PREVIOUSLY BEEN PROVIDED TO YOU.                   

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Part II 

UNDERTAKING TO FILE REPORTS 

Subject to the terms and conditions of Section 15(d) of the Securities Exchange 
Act of 1934, the undersigned Registrant hereby undertakes to file with the      
Securities and Exchange Commission such supplementary and periodic information, 
documents, and reports as may be prescribed by any rule or regulation of the    
Commission heretofore or hereafter duly adopted pursuant to authority conferred 
in that section.                                                                

RULE 484 UNDERTAKING

As described in their respective governing documents, MetLife, Inc. (the        
ultimate parent of the Depositor and MetLife Investors Distribution Company, the
Registrant's underwriter (the "Underwriter")) and the Depositor, each of which  
is incorporated in the state of Delaware, shall indemnify any person who is made
or is threatened to be made a party to any civil or criminal suit, or any       
administrative or investigative proceeding, by reason of that person's service  
as a director, officer, or agent of the respective company, under certain       
circumstances, against liabilities and expenses incurred by such person (except,
with respect to the Depositor, as described below regarding MetLife Employees). 

As described in its governing documents, the Underwriter, which is incorporated 
in the state of Missouri, may indemnify, under certain circumstances, any person
who is made a party to any civil or criminal suit, or made a subject of any     
administrative or investigative proceeding by reason of the fact that he is or  
was a director, officer, or agent of the Underwriter. The Underwriter also has  
such other and further powers of indemnification as are not inconsistent with   
the laws of Missouri.                                                           

MetLife, Inc. also has adopted a policy to indemnify employees ("MetLife        
Employees") of MetLife, Inc. or its affiliates ("MetLife"), including any       
MetLife Employees serving as directors or officers of the Depositor or the      
Underwriter. Under the policy, MetLife, Inc. will, under certain circumstances, 
indemnify MetLife Employees for losses and expenses incurred in connection with 
legal actions threatened or brought against them as a result of their service to
MetLife. The policy excludes MetLife directors and others who are not MetLife   
Employees, whose rights to indemnification, if any, are as described in the     
charter, bylaws or other arrangement of the relevant company.                   

MetLife, Inc. also maintains a Directors and Officers Liability and Corporate   
Reimbursement Insurance Policy under which the Registrant, the Depositor and the
Underwriter, as well as certain other subsidiaries of MetLife, are covered.     
MetLife, Inc. also has secured a Financial Institutions Bond.                   

Insofar as indemnification for liability arising under the Securities Act of    
1933 may be permitted to directors, officers and controlling persons of the     
Company pursuant to the foregoing provisions, or otherwise, the Company has been
advised that in the opinion of the Securities and Exchange Commission such      
indemnification is against public policy as expressed in the Act and is,        
therefore, unenforceable. In the event that a claim for indemnification against 
such liabilities (other than the payment by the Company of expenses incurred or 
paid by a director, officer or controlling person of the Company in the         
successful defense of any action, suit or proceeding) is asserted by such       
director, officer or controlling person in connection with the securities being 
registered, the Company will, unless in the opinion of its counsel the matter   
has been settled by controlling precedent, submit to a court of appropriate     
jurisdiction the question whether such indemnification by it is against public  
policy as expressed in the Act and will be governed by the final adjudication of
such issue.                                                                     

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REPRESENTATIONS 

MetLife Insurance Company USA hereby represents that the fees and charges       
deducted under the flexible premium variable life insurance policies            
described in this registration statement, in the aggregate, are reasonable in   
relation to the services rendered, the expenses expected to be incurred, and the
risks assumed by MetLife Insurance Company USA.                                 

CONTENTS OF REGISTRATION STATEMENT

   This Registration Statement comprises the following papers and documents:

The facing sheet.                                                     

     A reconciliation and tie-in of the information shown in the prospectus with
the items of Form N-8B-2.                                             

The prospectus consisting of ___ pages.                               

The undertaking to file reports.                                      

   The undertaking pursuant to Rule 484(b) under the Securities Act of 1933.

Representations.                                                      

The signatures.                                                       

Written consents of the following persons:                            

Opinion and Consent of Counsel (see Exhibit 2(i)below)        
D. Kent Holbrook, F.S.A., M.A.A.A. (see Exhibit 2(ii) below)  
     Independent Registered Public Accounting Firm (see Exhibit 4 below)

The following exhibits:                                               

1.A. (1) (a)    Resolution of the Board of Directors of MetLife Investors       
           Insurance Company authorizing establishment of the Separate
        Account. (Incorporated herein by reference to Exhibit 1.
           A. 1 of the Registrant's Registration Statement on Form S-6
(File No. 333-17963) filed December 16, 1996.)  

   (b)    Resolutions of the Board of Directors of MetLife Investors
         Insurance Company (including Agreement and Plan of Merger
            attached as Exhibit A to the resolutions)(adopted August 13,
2014) (Filed herewith.)                         

   (c)    Resolutions of the Board of Directors of MetLife Insurance
             Company of Connecticut authorizing acceptance of the Separate
      Account (adopted September 17, 2014) (Filed herewith.)

(3) (a)(i) Distribution and Principal Underwriting Agreement between  
    MetLife Insurance Company of Connecticut and MetLife
            Investors Distribution Company (effective November 24, 2009)
(Incorporated herein by reference               

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              to Exhibit (c) 7 to Post-Effective Amendment No. 15 to MetLife
            of CT Fund UL III for Variable Life Insurance's Registration
                Statement on Form N-6 (File No. 333-71349) filed April 9, 2009.)

   (ii) Amendment to the Distribution and Principal Underwriting
          Agreement between MetLife Insurance Company of Connecticut
            and MetLife Investors Distribution Company (dated August 18,
2014)(Filed herewith.)                          

(b)    Enterprise Selling Agreement between MetLife Investors 
       Distribution Company and broker-dealers dated September
         2012. (Incorporated herein by reference to Exhibit (d) to
         Post-Effective Amendment No. 23 to MetLife of CT Separate
   Account Eleven for Variable Annuities' Registration
 Statement on Form N-4 (File No. 333-101778) filed
April 3, 2013.)                                 

  (c)    Schedule of Commissions (Incorporated herein by reference
       to Exhibit 1.A.3(c) to Pre-Effective Amendment No. 1 to
           MetLife Investors Variable Life Account Five's Registration
Statement on Form S-6 (File No. 333-83183) filed
October 22, 1999.)                              

  (5) (a)    Flexible Premium Variable Life Insurance Policy (Incorporated
         herein by reference to Exhibit 1.A.5 to MetLife Investors
               Variable Life Account Five's Registration Statement on Form S-6
(File No. 333-83183) filed July 19, 1999.)      

(b)    Riders for the Policy:                                 
Accelerated Benefit Rider                       
Anniversary Partial Withdrawal Rider            
Guaranteed Survivor Plus Purchase Option Rider  
Lifetime Coverage Rider                         
Preliminary Term Life Insurance Rider           
Secondary Guarantee Rider                       
Supplemental Coverage Rider                     
Waiver of Monthly Deduction Rider               
Waiver of Specified Premium Rider               
             (Incorporated herein by reference to Exhibits 1.A.5(a)-(i) to
           MetLife Investors Variable Life Account Five's Registration
                Statement on Form S-6 (File No. 333-83183) filed July 19, 1999.)

    (c)    Name Change Endorsement (effective February 5, 2001.) (Cova
             Financial Services Life Insurance Company changed its name to
            MetLife Investors Insurance Company) (Incorporated herein by
               reference to Exhibit 1.A.5(j) to Post-Effective Amendment No. 4
 to MetLife Investors Variable Life Account Five's
             Registration Statement on Form S-6 (File No. 333-83183) filed
April 26, 2001.)                                

 (d)    Merger Endorsement (effective November 9, 2006) (MetLife
             Investors Insurance Company of California merged into MetLife
             Investors Insurance Company)(Incorporated herein by reference
              to Exhibit 1.A.5(j) to MetLife Investors Variable Life Account
               Five's Registration Statement on Form S-6 (File No. 333-138574)
filed  November 9, 2006.)                       

  (e)    Merger Endorsement (effective November 14, 2014) (MetLife
         Investors Insurance Company merged into MetLife Insurance
Company USA) (Filed herewith.)                  

(6) (a)    Copy of the Certificate of Incorporation of the Company and
      Certificate of Amendment (effective November 14, 2014)
(Filed herewith.)                               

(b)    Copy of the By-Laws of the Company. (Filed herewith.)  

(9) (a)(i) Participation Agreement among Metropolitan Series Fund,    
           Inc., MetLife Advisers, LLC, MetLife Investors Distribution
    Company and MetLife Insurance Company of Connecticut
            effective August 31, 2007. (Incorporated herein by reference
     to Exhibit 8(e) to Post-Effective Amendment No. 11 to
           MetLife of CT Separate Account Nine for Variable Annuities'
       Registration Statement on Form N-4 (File No. 333-65926)
filed October 31, 2007.)                        

(ii) Amendment dated April 30, 2010 to the Participation  
         Agreement dated August 31, 2007 by and among Metropolitan
           Series Fund, Inc., MetLife Advisers, LLC, MetLife Investors
     Distribution Company and MetLife Insurance Company of
         Connecticut. (Incorporated herein by reference to Exhibit
            8(b)(iii) to Post-Effective Amendment No. 4 to MetLife of CT
            Separate Account Eleven for Variable Annuities' Registration
          Statement on Form N-4 (File No. 333-152189) filed April 4,
2012.)                                          

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      (b)(i) Participation Agreement among Met Investors Series Trust, Met
       Investors Advisory, LLC, MetLife Investors Distribution
          Company, The Travelers Insurance Company and The Travelers
    Life and Annuity Company effective November 1, 2005.
    (Incorporated herein by reference to Exhibit 8(c) to
         Post-Effective Amendment No. 14 to Travelers Fund ABD for
      Variable Annuities' Registration Statement on Form N-4
(File No. 033-65343) filed April 6, 2006.)      

 (ii) First Amendment dated May 1, 2009 to the Participation
           Agreement dated November 1, 2005 by and among Met Investors
      Series Trust, MetLife Advisers, LLC, MetLife Investors
     Distribution Company and MetLife Insurance Company of
         Connecticut. (Incorporated herein by reference to Exhibit
          8(a)(i) to Post-Effective Amendment No. 4 to MetLife of CT
            Separate Account Eleven for Variable Annuities' Registration
          Statement on Form N-4 (File No. 333-152189) filed April 4,
2012.)                                          

(iii) Amendment dated April 30, 2010 to the Participation   
           Agreement dated November 1, 2005 by and among Met Investors
      Series Trust, MetLife Advisers, LLC, MetLife Investors
     Distribution Company and MetLife Insurance Company of
         Connecticut. (Incorporated herein by reference to Exhibit
           8(a)(ii) to Post-Effective Amendment No. 4 to MetLife of CT
            Separate Account Eleven for Variable Annuities' Registration
 Statement on Form N-4 (File No. 333-152189) filed
April 4, 2012.)                                 

      (iv) Amendment to the Participation Agreement with Met Investors
Series Trust (Filed herewith.)                  

    (c)(i) Amended and Restated Participation Agreement among Franklin
Templeton Variable Insurance Products Trust,    
    Franklin/Templeton Distributors, Inc., The Travelers
         Insurance Company, The Travelers Life and Annuity Company
    and Travelers Distribution LLC dated May 1, 2004 and
amendments. (Incorporated herein by reference to
            Post-Effective Amendment No. 15 to MetLife of CT Fund UL III
            for Variable Life Insurance's Registration Statement on Form
N-6 (File No. 333-71349) filed April 9, 2009.)  

   (ii) Amendment No. 5 dated October 5, 2010 to the Amended and
        Restated Participation Agreement dated May 1, 2004 among
     Franklin Templeton Variable Insurance Products Trust,
        Franklin/Templeton Distributors, Inc., MetLife Insurance
         Company of Connecticut and MetLife Investors Distribution
     Company. (Incorporated herein by reference to Exhibit
          8(d)(i) to Post-Effective Amendment No. 3 to MetLife of CT
            Separate Account Eleven for Variable Annuities' Registration
          Statement on Form N-4 (File No. 333-152189) filed April 5,
2011.)                                          

(iii) Participation Agreement Addendum effective May 1, 2011
           among Franklin Templeton Variable Insurance Products Trust,
         Franklin /Templeton Distributors, Inc., MetLife Insurance
Company of Connecticut and MetLife              

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             Investors Distribution Company. (Incorporated herein by reference
            to Exhibit 8(d)(ii) to Post-Effective Amendment No. 4 to MetLife
              of CT Separate Account Eleven for Variable Annuities' Registration
             Statement on Form N-4 (File No. 333-152189) filed April 4, 2012.)

      (iv) Amendment dated January 15, 2013 to the Participation Agreement
       Among Franklin Templeton Variable Insurance Products Trust,
            Franklin/Templeton Distributors, Inc., MetLife Insurance Company
      of Connecticut and MetLife Investors Distribution Company.
           (Incorporated herein by reference to Exhibit 8(i)(iii) to Post-
        Effective Amendment No. 23 to MetLife of CT Separate Account
             Eleven for Variable Annuities' Registration Statement on Form N-4
(File No. 333-101778) filed April 3, 2013.)         

(v)  Amendment to the Participation Agreement with Franklin   
Templeton Variable Insurance Products Trust. (Filed 
herewith.)                                          

  (d)(i)   Participation Agreement among AIM Variable Insurance Funds, AIM
    Distributors, Inc., The Travelers Insurance Company, The
         Travelers Life and Annuity Company and Travelers Distribution
          LLC dated October 1, 2000 and amendments. (Incorporated herein
          by reference to Post-Effective Amendment No. 15 to the MetLife
        of CT Fund UL III for Variable Life Insurance's Registration
            Statement on Form N-6 (File No. 333-71349) filed April 9, 2009.)

   (ii)  Amendment dated April 30, 2010 to the Participation Agreement
            dated October 1, 2000 by and among AIM Variable Insurance Funds,
AIM Distributors, Inc., MetLife Insurance Company of
   Connecticut and MetLife Investors Distribution Company.
   (Incorporated herein by reference to Exhibit 8(c)(i) to
     Post-Effective Amendment No. 21 to MetLife of CT Separate
            Account Eleven for Variable Annuities' Registration Statement on
Form N-4 (File No. 333-101778) filed April 5, 2011.)

   (iii) Amendment dated April 30, 2010 to the Participation Agreement
      dated October 1, 2000 between AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) ("AVIF"), Invesco
            Distributors, Inc. and MetLife Insurance Company of Connecticut.
    (Incorporated herein by reference to Exhibit 8(c)(ii) to
     Post-Effective Amendment No. 21 to MetLife of CT Separate
            Account Eleven for Variable Annuities' Registration Statement on
Form N-4 (File No. 333-101778) filed April 5, 2011.)

(iv)  Amendment to the Participation Agreement with AIM Variable
Insurance Funds. (Filed herewith.)                  

(e)(i)   Amended and Restated Participation Agreement among Putnam    
         Variable Trust, Putnam Retail Management, L.P., The Travelers
        Insurance Company and The Travelers Life and Annuity Company
      dated June 1, 2001 and amendments. (Incorporated herein by
          reference to Post-Effective Amendment No. 15 to the MetLife of
     CT Fund UL III for Variable Life Insurance's Registration
            Statement on Form N-6 (File No. 333-71349) filed April 9, 2009.)

   (ii)  Amendment to the Participation Agreement with Putnam Variable
Trust. (Filed herewith.)                            

(10)       Application Forms. (Incorporated herein by reference to        
       MetLife Investors Variable Life Account Five's Registration
            Statement on Form S-6 (File No. 333-83183) filed July 19, 1999.)

2. (i)        Opinion and Consent of Nancy H. Badeer, Esq. as to the            
          legality of the securities being registered. (Filed herewith.)

(ii)        Actuarial Opinion and Consent of D. Kent Holbrook, FSA, MAAA.   
(Incorporated herein by reference to Post-Effective 
             Amendment No. 4 to MetLife Investors Variable Life Account Five's
         Registration Statement on Form S-6 (File No. 333-83183) filed
April 26, 2001.)                                    

3.            Powers of Attorney. (Filed herewith.)                             

4.            Consent of Independent Registered Public Accounting Firm          
(Filed herewith.)                                   

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant,     
MetLife Investors Variable Life Account One, has duly caused this Registration  
Statement to be signed on its behalf by the undersigned thereunto duly          
authorized, and its seal to be hereunto affixed and attested, all in the City of
Boston, and the Commonwealth of Massachusetts, on the 14th day of November,     
2014.                                                                           

                                 MetLife Investors Variable Life Account One
  (Registrant)

                       By: MetLife Insurance Company USA
         (Depositor)

              By: /s/ Karen A. Johnson
                              --------------------------------
              Karen A. Johnson
            Vice President

Attest:                                                                         

/s/ Michele H. Abate                                                            
-----------------------------                                                   
Michele H. Abate                                                                

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Pursuant to the requirements of the Securities Act of 1933, MetLife Insurance   
Company USA has duly caused this Registration Statement to be signed on its     
behalf by the undersigned thereunto duly authorized, and its seal to be hereunto
affixed and attested, all in the City of Boston, and the Commonwealth of        
Massachusetts, on the 14th day of November, 2014.                               

                             MetLife Insurance Company USA

(Seal)                                                                          

Attest: /s/ Michele H. Abate            By: /s/ Karen A. Johnson                
  --------------------------          ------------------------------
Michele H. Abate                    Karen A. Johnson            
                      Vice President

Pursuant to the requirements of the Securities Act of 1933, this Registration   
Statement has been signed by the following persons, in the capacities indicated,
on November 14, 2014.                                                           

           *                  Chairman of the Board, President and
----------------------------------   Chief Executive Officer and a Director     
Eric T. Steigerwalt                                                             

         *                  Director and Senior Vice President
----------------------------------                                              
Elizabeth M. Forget                                                             

         *                  Director and Senior Vice President
----------------------------------                                              
Gene L. Lunman                                                                  

*                  Senior Vice President and
----------------------------------   Chief Financial Officer                    
Anant Bhalla                                                                    

   *                  Executive Vice President and
----------------------------------   Chief Accounting Officer                   
Peter M. Carlson                                                                

                        By: /s/ Michele H. Abate
                                      ------------------------------
                             Michele H. Abate, Esq
                        Attorney-in-fact

*  Executed by Michele H. Abate, Esquire on behalf of those indicated           
pursuant to powers of attorney filed herewith.                            

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EXHIBIT LIST

1.A.  1(b)      Resolutions of the Board of Directors of MetLife Investors      
         Insurance Company (including Agreement and Plan of Merger
attached as Exhibit A to the resolutions.)      

1(c)      Resolutions of the Board of Directors of MetLife Insurance
             Company of Connecticut authorizing acceptance of the Separate
Account                                         

3(a)(ii)  Amendment to the Distribution and Principal Underwriting  
Agreement                                       

5(e)      Merger Endorsement (effective November 14, 2014)          

 6(a)      Copy of the Certificate of Incorporation of the Company and
Certificate of Amendment                        

(b)      Copy of the By-Laws of the Company                       

 9(b)(iv)  Amendment to the Participation Agreement with Met Investors
Series Trust                                    

9(c)(v)   Amendment to the Participation Agreement with Franklin    
Templeton Variable Insurance Products Trust     

9(d)(iv)  Amendment to the Participation Agreement with AIM Variable
Insurance Funds                                 

9(e)(ii)  Amendment to the Participation Agreement with Putnam      
Variable Trust                                  

2.    (i)       Opinion and Consent of Nancy H. Badeer, Esq. as to the          
legality of the securities being registered     

3.              Powers of Attorney                                              

4.              Consent of Independent Registered Public Accounting Firm        
(Deloitte & Touche LLP)                         

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