Document:

<PAGE>
                                                                   EXHIBIT 10.4

                     MANAGEMENT PERFORMANCE SHARE AGREEMENT

         MetLife, Inc. confirms that, on [GRANT DATE] (the "Grant Date"), it
granted you, [NAME], [NUMBER] Performance Shares (your "Performance Shares").
Your Performance Shares are subject to the terms and conditions of this
Management Performance Share Agreement (this "Agreement") and the MetLife, Inc.
2005 Stock and Incentive Compensation Plan (the "Plan").

         1.  STANDARD PERFORMANCE TERMS.

         (a) The Performance Period for your Performance Shares will begin on
[DATE], [YEAR] and end on the December 31 immediately preceding the third
anniversary of the beginning of the Performance Period.

         (b) Except in so far as Sections 2 (Change of Status) or 3 (Change of
Control) apply to your Performance Shares, after the conclusion of the
Performance Period, the Committee shall certify in writing the number of
Performance Shares payable in accordance with Section 1(c) (your "Final
Performance Shares"), and your Final Performance Shares will be due and payable
in Shares.

         (c) The Committee will determine your Final Performance Shares by
multiplying your Performance Shares by the "Performance Factor." The Performance
Factor means a percentage (from zero to 200%) which is the sum of two other
percentages (each from zero to 100%), described in (1) and (2) below.

                  (1) The first percentage will be based on the Company's
         performance with respect to Change in Annual Net Operating Earnings Per
         Share during the Performance Period relative to the other companies in
         the Standard and Poor's Insurance Index, determined according to Table
         1 of Schedule A to this Agreement. For this purpose, (a) "Net Operating
         Earnings Per Share" for any period means income, net of all taxes on
         income, less realized investment gains or losses, less any dividends
         paid on preferred shares, and excluding any cumulative charges or
         benefits due to changes in accounting principles, divided by the
         weighted average number of shares outstanding during such period
         determined on a diluted basis under Generally Accepted Accounting
         Principles; and (b) "Change in Annual Net Operating Earnings Per Share"
         means Net Operating Earnings Per Share in the final calendar year of
         the Performance Period divided by Net Operating Earnings Per Share in
         the calendar year immediately preceding the beginning of the
         Performance Period.

                  (2) The second percentage will be based on the Company's
         performance with respect to Proportionate Total Shareholder Return
         during the Performance Period relative to the other companies in the
         Standard and Poor's Insurance Index, determined according to Table 2 of
         Schedule A to this Agreement. For this purpose, (a) "Initial Closing
         Price" means the average Closing Price (and, in the case of a company
         other than the Company, the most closely analogous price) in the twenty
         (20) trading days prior to the first day of the Performance Period; (b)
         "Final Closing Price" means the average Closing Price (and, the case of
         a company other than the Company, the most closely analogous price) in
         the twenty (20) trading days prior to and including the final day of
         the Performance Period; (c) "Total Shareholder Return" means the change
         (plus or minus) from the Initial Closing Price to the Final Closing
         Price, plus dividends (if any) actually paid on Shares (or, in the case
         of a company other than the Company, the most closely analogous
         security) on a reinvested basis from the first day of the
<PAGE>
         Performance Period to and including the last day of the Performance
         Period; and (d) "Proportionate Total Shareholder Return" means Total
         Shareholder Return divided by Initial Closing Price.

         (d) For these purposes, the Standard & Poor's Insurance Index means
each company which is described by either of the following criteria:

                  (1) the company is included in such index for the entirety of
         the Performance Period; or

                  (2) the company is included in such index on the final day of
         the Performance Period, and at least fifty percent (50%) of the
         securities entitled to vote for the directors of that company were
         owned, directly or indirectly, immediately after and as the result of a
         merger, acquisition, or other similar corporate transaction, by a
         majority of the shareholders (determined immediately prior to such
         transaction) of a company that was either: (i) included in such index
         on the first day of the Performance Period, or (ii) described by this
         Section 1(d)(2).

         (e) The terms of this Section 1 shall be referred to as the "Standard
Performance Terms."

         2. CHANGE OF STATUS. For purposes of this Section 2, your transfer
between the Company and an Affiliate, or among Affiliates, will not be a
termination of employment. In the event of a Change of Control, any applicable
terms of Section 3 (Change of Control) will supersede the terms of this Section
2.

         (a) Long-Term Disability. In the event you qualify for long-term
disability benefits under a plan or arrangement offered by the Company or an
Affiliate for its Employees, the Standard Performance Terms will continue to
apply to your Performance Shares. Once this provision applies, no other change
of status described in this Section 2 (except the provision regarding
termination for Cause) will affect your Performance Shares, even if you
subsequently return to active service or your employment with the Company or an
Affiliate terminates other than for Cause.

         (b) Death. In the event that your employment with the Company or an
Affiliate terminates due to your death, your Performance Shares will be due and
payable in the form of cash at a value equal to the Closing Price on the date of
your death.

         (c) Retirement. If your employment with the Company or an Affiliate
terminates (other than for Cause) on after your early retirement date or normal
retirement date (in each case determined under any ERISA qualified pension plan
offered by the Company or an Affiliate in which you participate) ("Retirement"),
the Standard Performance Terms will continue to apply to your Performance
Shares.

         (d) Bridge Eligibility. If your employment with the Company or an
Affiliate terminates (other than for Cause) with bridge eligibility for
retirement-related medical benefits (determined under an ERISA qualified benefit
plan offered by the Company or an Affiliate in which you participate, if any)
("Bridge Eligibility"), and your separation agreement (offered to you under the
severance program offered by the Company or an Affiliate to its Employees)
becomes final, the Standard Performance Terms will continue to apply to your
Performance Shares.

         (e) Termination for Cause. In the event that your employment with the
Company or an Affiliate terminates for Cause, your Performance Shares will be
forfeited immediately.

                                       2
<PAGE>
         (f) Other Termination of Employment. Unless the Committee determines
otherwise, if no other provision in this Section 2 regarding change of status
applies, including, for example, your voluntary termination of employment, your
termination without Retirement or Bridge Eligibility, or your termination by the
Company or an Affiliate without Cause, your Performance Shares will be forfeited
immediately. To the extent you are offered a separation agreement by the Company
or an Affiliate, the value of your forfeited Performance Shares may, in the
discretion of the Company or Affiliate, be considered in determining the terms
of that offer.

         3. CHANGE OF CONTROL.

         (a) Except as provided in Section 3(b), and unless otherwise prohibited
under law or by applicable rules of a national security exchange, if a Change of
Control occurs, your Performance Shares will be due and payable in the form of
cash equal to the number of your Performance Shares multiplied by the Change of
Control Price, and such sum shall be paid to you within thirty (30) day of the
Change of Control.

         (b) The terms of Section 3(a) will not apply to your Performance Shares
if the Committee reasonably determines in good faith, prior to the Change of
Control, that you have been granted an Alternative Award for your Performance
Shares pursuant to Section 15.2 of the Plan.

         4. NONTRANSFERABILITY OF AWARDS. Except as provided in Section 5 or as
otherwise permitted by the Committee, you may not sell, transfer, pledge, assign
or otherwise alienate or hypothecate any of your Performance Shares, and all
rights with respect to your Performance Shares are exercisable during your
lifetime only by you.

         5. BENEFICIARY DESIGNATION. You may name any beneficiary or
beneficiaries (who may be named contingently or successively) who may then
exercise any right under this Agreement in the event of your death. Each
beneficiary designation for such purpose will revoke all such prior
designations. Beneficiary designations must be properly completed on a form
prescribed by the Committee and must be filed with the Company during your
lifetime. If you have not designated a beneficiary, your rights under this
Agreement will pass to and may be exercised by your estate.

         6. TAX WITHHOLDING. The Company will withhold from payment made under
this Agreement an amount sufficient to satisfy the minimum statutory Federal,
state, and local tax withholding requirements relating to payment on account of
your Performance Shares.

         7. ADJUSTMENTS. The Committee may, in its discretion, make adjustments
in the terms and conditions of your Performance Shares in recognition of unusual
or nonrecurring events affecting the Company or its financial statements, or in
recognition of changes to applicable laws, regulations, or accounting
principles, whenever the Committee determines that such adjustments are
appropriate to prevent unintended dilution or enlargement of the potential
benefits of your Performance Shares. The Committee's determination in this
regard will be conclusive.

         8. TIMING OF PAYMENT. The Company will make payment to you as
reasonably practicable after such payment becomes payable under this Agreement,
unless you have earlier deferred such payment in accordance with arrangements
offered to you for that purpose. If Shares are to be paid to you, you will
receive evidence of ownership of those Shares.

                                       3
<PAGE>
         9. CLOSING PRICE. For purpose of this Agreement, "Closing Price" will
mean the closing price of a Share as reported in the principal consolidated
transaction reporting system for the New York Stock Exchange (or on such other
recognized quotation system on which the trading prices of the Shares are quoted
at the relevant time), or in the event that there are no Share transactions
reported on such tape or other system on the applicable date, the closing price
on the immediately preceding date on which Share transactions were reported.
Closing Price shall constitute "Fair Market Value" under the Plan for all
purposes related to your Performance Shares.

         10. NO GUARANTEE OF EMPLOYMENT. This Agreement is not a contract of
employment and it is not a guarantee of employment for life or any period of
time. Nothing in this Agreement interferes with or limits in any way the right
of the Company or an Affiliates to terminate your employment at any time. This
Agreement does not give you any right to continue in the employ of the Company
or an Affiliate.

         11. GOVERNING LAW; CHOICE OF FORUM. This Agreement will be construed in
accordance with and governed by the laws of the State of Delaware, regardless of
the law that might be applied under principles of conflict of laws. Any action
to enforce this Agreement or any action otherwise regarding this Agreement must
be brought in a court in the State of New York, to which jurisdiction the
Company and you consent.

         12. MISCELLANEOUS. For purposes of this Agreement, "Committee" includes
any direct or indirect delegate of the Committee as defined in the Plan and the
word "Section" refers to a Section in this Agreement. Any other capitalized word
used in this Agreement and not defined in this Agreement, including each form of
that word, is defined in the Plan. Any determination or interpretation by the
Committee pursuant to this Agreement will be final and conclusive. In the event
of a conflict between any term of this Agreement and the terms of the Plan, the
terms of the Plan control. This Agreement and the Plan represent the entire
agreement between you and the Company, and you and all Affiliates, regarding
your Performance Shares. No promises, terms, or agreements of any kind regarding
your Performance Shares that are not set forth, or referred to, in this
Agreement or in the Plan are part of this Agreement. In the event any provision
of this Agreement is held illegal or invalid, the rest of this Agreement will
remain enforceable. If you are an Employee of an Affiliate, your Performance
Shares are being provided to you by the Company on behalf of that Affiliate, and
the value of your Performance Shares will be considered a compensation
obligation of that Affiliate. Your Performance Shares are not Shares and do not
give you the rights of a holder of Shares. You will not be credited with
additional Performance Shares on account of any dividend paid on Shares. The
issuance of Shares or payment of cash pursuant to your Performance Shares is
subject to all applicable laws, rules and regulations, and to any approvals by
any governmental agencies or national securities exchanges as may be required.
No Shares will be issued or no cash will be paid if that issuance or payment
would result in a violation of applicable law, including the federal securities
laws and any applicable state or foreign securities laws.

         13. AMENDMENTS. The Committee has the exclusive right to amend this
Agreement as long as the amendment does not adversely affect any of your
previously-granted Awards in any material way (without your written consent) and
is otherwise consistent with the Plan. The Company will give written notice to
you (or, in the event of your death, to your beneficiary or estate) of any
amendment as promptly as practicable after its adoption.

                                       4
<PAGE>
         14. AGREEMENT TO PROTECT CORPORATE PROPERTY. The grant of your
Performance Shares is subject to your execution of the Agreement to Protect
Corporate Property provided to you with this Agreement ("Property Agreement").
If you do not return a signed copy of the Property Agreement, this Agreement and
the Performance Shares granted to you will be void. The Company may in its sole
discretion allow an extension of time for you to return your signed Property
Agreement.

         IN WITNESS WHEREOF, the Company has caused its duly authorized officer
to execute this Agreement, and you have executed this Agreement.

METLIFE, INC.                                        EMPLOYEE

By:  Robert H. Benmosche                             [NAME]
     -------------------                             ------
     Name

     Chairman of the Board and CEO
     -----------------------------
     Title

     ---------------------------------               --------------------------
     Signature                                       Signature

                                                     Date:
                                                          ---------------------

                                       5
<PAGE>
                                   SCHEDULE A
                    TO MANAGEMENT PERFORMANCE SHARE AGREEMENT

<TABLE>
<CAPTION>
                                TABLE 1                                                           TABLE 2
                                -------                                                           -------

     Change in Annual Net               First Percentage For            Proportionate Total               Second Percentage For
     Operating Income Company           Purposes of Determining         Shareholder Return Company        Purposes of Determining
     Performance (Percentile            Performance Factor*             Performance (Percentile           Performance Factor*
     Relative to Other Companies                                        Relative to Other Companies
     in S&P Ins. Index)                                                 in S&P Ins. Index)
<S>                                     <C>                             <C>                               <C>
                   0-24                               0                               0-24                                0
                    25                                25                               25                                 25
                    26                                26                               26                                 26
                    27                                27                               27                                 27
                    28                                28                               28                                 28
                    29                                29                               29                                 29
                    30                                30                               30                                 30
                    31                                31                               31                                 31
                    32                                32                               32                                 32
                    33                                33                               33                                 33
                    34                                34                               34                                 34
                    35                                35                               35                                 35
                    36                                36                               36                                 36
                    37                                37                               37                                 37
                    38                                38                               38                                 38
                    39                                39                               39                                 39
                    40                                40                               40                                 40
                    41                                41                               41                                 41
                    42                                42                               42                                 42
                    43                                43                               43                                 43
                    44                                44                               44                                 44
                    45                                45                               45                                 45
                    46                                46                               46                                 46
                    47                                47                               47                                 47
                    48                                48                               48                                 48
                    49                                49                               49                                 49
                    50                                50                               50                                 50
                    51                                52                               51                                 52
                    52                                54                               52                                 54
                    53                                56                               53                                 56
                    54                                58                               54                                 58
                    55                                60                               55                                 60
                    56                                62                               56                                 62
                    57                                64                               57                                 64
                    58                                66                               58                                 66
                    59                                68                               59                                 68
                    60                                70                               60                                 70
                    61                                72                               61                                 72
                    62                                74                               62                                 74
                    63                                76                               63                                 76
                    64                                78                               64                                 78
                    65                                80                               65                                 80
                    66                                82                               66                                 82
                    67                                84                               67                                 84
                    68                                86                               68                                 86
                    69                                88                               69                                 88
                    70                                90                               70                                 90
                    71                                92                               71                                 92
                    72                                94                               72                                 94
                    73                                96                               73                                 96
                    74                                98                               74                                 98
                   75-99                             100                              75-99                              100
</TABLE>

----------
* First percentage and second percentage are added together and the total is
multiplied by the number of Performance Shares granted to determine the number
of Final Performance Shares. See Section 1(c) of this Agreement.<PAGE>
                                                                   Exhibit 10.5

                           THE METLIFE NON-MANAGEMENT
                       DIRECTOR DEFERRED COMPENSATION PLAN

December 2005

<PAGE>

IMPORTANT NOTICES

This Program Description provides an overview of the MetLife Non-Management
Director Deferred Compensation Plan (the "Plan"). It is also the official plan
document that legally governs the Plan. This Plan document will govern in every
respect and instance, and replaces and supersedes prior Plan documents.
Deferrals are subject to the Plan Administrator's execution of this amended and
restated Plan Document.

This Program Description may be updated from time to time to implement changes
in the Plan. Fund performance data will be updated periodically. These updates
will constitute part of the Prospectus distributed with respect to the Plan.

The Plan Administrator may amend, alter or terminate the Plan in accordance with
its terms at any time and for any reason. The Plan was effective on January 1,
2005, and the Plan will continue in effect until it is amended, suspended, or
terminated according to its terms. This Plan is designed to replace the MetLife
Deferred Compensation Plan for Outside Directors and Article VII of the MetLife,
Inc. 2000 Directors Stock Plan, respectively, beginning with 2005 compensation
deferrals; earlier deferrals will remain governed by the earlier plans.

MetLife, Inc. will have the obligation to pay amounts deferred under the Plan.
MetLife, Inc.'s obligations are registered under the Securities Act of 1933, as
amended. Since this is an unfunded plan, your rights or claims against assets or
property are no greater than those of a general creditor. Shares of MetLife,
Inc. common stock paid under the Plan may be shares of treasury common stock or
authorized but unissued common stock.

       This document constitutes part of a prospectus covering securities
     that have been registered under the Securities Act of 1933, as amended.
                  The date of this Prospectus is December 2005.

                                                                          Page 2

<PAGE>

PLAN AT-A-GLANCE

<TABLE>
<S>                            <C>
PURPOSE                        To provide eligible directors with the
                               opportunity to defer their cash and MetLife Stock
                               compensation, thereby deferring payment of
                               federal and most state income taxes on such
                               compensation.

ELIGIBILITY                    Directors of MetLife, Inc. who are not employees
                               of MetLife, Inc. or any of its affiliates.

ELECTION OPTIONS               -    Deferral amount

                               -    Investment tracking funds (for cash
                                    deferrals)

                               -    Distribution date

                               -    Number of distribution payments

ANNUAL ENROLLMENT PERIOD       December 5, 2005 - December 31, 2005.

ENROLLMENT PERIOD FOR NEW      Newly-appointed directors may make a deferral
DIRECTORS                      election for fees payable in the calendar year in
                               which they are elected, but must do so by the
                               earlier of the next Directors meeting attended
                               for which they earn fees or the 30th day after
                               appointment.

INVESTMENT TRACKING            Your deferred cash compensation accounts will be
                               credited with gains and losses reflecting the
                               performance of the investment tracking funds and
                               indices you select.

INVESTMENT TRACKING FUND       Limited to a total of six times per year for
CHANGES                        either future deferrals or existing account
                               balances.

CHANGES IN AMOUNTS DEFERRED    None allowed, except for hardship.

FORM OF DISTRIBUTION           Your deferred cash compensation will be paid in
                               cash at the end of the deferral period. Your
                               deferred awards of MetLife Stock will be paid in
                               the form of such stock, with imputed reinvested
                               dividends, at the end of the deferral period.

DISTRIBUTION:

     -    NUMBER               Lump-sum payment or up to 15 annual installments.

     -    TIMING               Beginning upon earlier of 60 days after
                               termination of service as a director or on a
                               designated future date.

     -    HARDSHIP             Immediate lump-sum payment (availability strictly
                               limited).

CHANGES TO DISTRIBUTION DATE   You may change the distribution date to a date at
AND/OR NUMBER OF PAYMENTS      least five years later than the date you
                               originally selected, and/or change the number of
                               payments. Your change will only be effective if
                               you submit your request no later than one year
                               before the earlier of the end of your service as
                               a director or the date of payment you originally
                               selected.

TAXES                          Deferred compensation is taxable as ordinary
                               income at the time of distribution. Rollover to
                               an IRA, qualified plan or non-qualified plan is
                               not permitted.

BENEFICIARY                    Upon your death, any existing account balances
                               will be paid to your designated beneficiary in a
                               lump sum.

PLAN FUNDING                   The Plan is a non-qualified, unfunded plan. Your
                               accounts are maintained for record-keeping
                               purposes only.
</TABLE>

                                                                          Page 3

<PAGE>

METLIFE NON-MANAGEMENT DIRECTOR DEFERRED COMPENSATION PLAN

The MetLife Non-Management Director Deferred Compensation Plan (the "Plan")
allows eligible directors to defer receiving a portion of their annual retainer,
committee chair fees, and meeting fees, if any, payable in cash or shares of
MetLife, Inc. common stock ("MetLife Stock") for services in 2005 and
thereafter, thereby deferring payment of federal and most state income taxes
until a later date when the deferred payments are received. Participation in the
Plan is completely voluntary.

ELIGIBILITY

Members of the Board of Directors of MetLife, Inc. (the "Board") who are not
employees of MetLife, Inc. or any of its affiliates ("Non-Management Directors")
are eligible to participate. In this Program Description, "you" refers to a
director who is eligible to participate in the Plan.

MAKING A DEFERRAL ELECTION

Prior to each year in which you will provide services as a Non-Management
Director, you may defer all or a portion of fees payable as compensation for
such services. Deferrals begin with the first fees payable for such services
during a calendar year and end with the last fees payable during the calendar
year. Designations do not carry over from year to year; you must make a new
designation each year.

When you are elected to the Board, you may defer all or a portion of your fees
payable in that calendar year by submitting a deferral election before the
earlier of (1) the first meeting that you attend for which you earn fees; or (2)
the thirtieth day after you become eligible to participate in the Plan.

To defer your cash compensation, you need to complete a deferral election form
specifying:

-    The percentage of your cash fees you want deferred into a Deferred Cash
     Account (if you choose to defer any of your cash fees, your deferral must
     equal at least $10,000.00);

-    The investment tracking funds that will be used to adjust the value of that
     Deferred Cash Account; and

-    A future distribution date and number of payments for that Deferred Cash
     Account (paid in cash).

The MetLife Non-Management Director Deferred Compensation Plan is a
non-qualified plan that is unfunded and subject to the risks described in this
document. Amounts credited to an account are solely for record-keeping purposes.
The Plan is not subject to protection under the Employee Retirement Income
Security Act of 1974 (ERISA).

                                                                          Page 4

<PAGE>

To defer your MetLife Stock compensation, you need to complete a deferral
election form specifying:

-    The percentage of your MetLife Stock fees you want deferred into a MetLife
     Deferred Stock Account;

-    The future distribution date and number of payments for your MetLife
     Deferred Stock Account.

Your deferral election form must be submitted during the enrollment period. If
you submit an election form that does not specify when payment is to be made,
payment will be made upon the termination of your service as a Non-Management
Director. If you submit an election form that does not specify the number of
installments in which payment should be made, payment will be made in a single
lump sum.

Before making your elections, you may wish to consult a tax or personal
financial advisor regarding all of the ramifications of deferral of compensation
under Internal Revenue Code Section 409A and all other requirements for valid
deferral of compensation under law ("Legal Deferral Requirements").

All deferrals are subject to the terms of this Plan.

INCOME TAXES

Deferred compensation is not subject to current taxation under federal and most
state income tax laws until payment is made to you. Deferred compensation to
Non-Management Directors is not subject to Social Security or Medicare taxes,
but it is subject to tax under the Self-Employment Contributions Act (SECA) when
the amounts are includible in your income. You should consult with a tax or
personal financial advisor to determine whether you must pay SECA on these
amounts when received.

DEFERRAL AMOUNTS

During the annual enrollment period, you may elect to defer all or a portion of
your fees payable in the following year for services as a director of MetLife,
Inc. If you choose to defer any of your cash fees, you must defer at least
$10,000.

Once you elect your deferral amount, you may not change it. You may, however,
suspend deferrals in cases of extreme hardship as provided in the Plan. See
"Hardship Exceptions," below.

DEFERRED COMPENSATION ACCOUNTS

If you defer any or all of your cash compensation, a Deferred Cash Account in
your name for that year's deferrals will be established for record-keeping
purposes. If you defer any of your MetLife Stock compensation, a MetLife
Deferred Stock Account in your name for that year's deferrals will be
established for record-keeping purposes. You will receive account statements
quarterly.

Your accounts will be credited effective on the date on which your fees would
have been payable had you not elected to defer receipt of such fees.

                                                                          Page 5

<PAGE>

INVESTMENT TRACKING FOR YOUR DEFERRED CASH ACCOUNTS

Investment tracking is used as a device for adjusting the value of your Deferred
Cash Accounts, based on performance of the actual fund or index. Gains or
losses, measured on a daily basis, will be reflected in your account, in effect
"mirroring" the performance of the specified fund(s) or index(ices) you select.
Your deferred cash will not actually be invested in the funds or indices.

The Plan may be amended by the Plan Administrator to eliminate or replace any
investment tracking fund or index at any time. See "Plan Administrator," below.

You currently may select one or more of 13 investment tracking funds and
indices, each of which mirrors the performance of the actual fund or index.

<TABLE>
<CAPTION>
ACTIVELY MANAGED FUNDS                 MARKET INDICES
----------------------                 --------------
<S>                                    <C>
MetLife SIP Fixed Income Fund          S&P 500(R) Index
Lord Abbett Bond Debenture Fund        Russell 2000(R) Index
Oakmark Fund(R)                        Nasdaq Composite(R) Index
MetLife SIP Small Company Stock Fund   MSCI EAFE(R) Index
Oakmark International Fund             Lehman Brothers(R) Aggregate Bond Index
                                       Merrill Lynch US High Yield Master II Index
                                       MSCI Emerging Markets Index(SM)
</TABLE>

SINGLE-STOCK FUND

MetLife Common Stock Fund*

Fund and index allocations must be made in multiples of 5%.

You may change your allocation among investment tracking funds and indices -
either with regard to future deferrals or your existing account - at any time
during the year by accessing the website www.benefitplanservices.com/metlife,
(click on Change Allocations) or by calling Benefit Plan Services, Inc. (BPSI)
at 1-800-340-8151, however, you may make no more than six changes per year. You
will receive confirmations of your changes shortly after they are made.
Allocations into and out of the MetLife Common Stock Fund must be pre-cleared
with the Corporate Secretary in accordance with the MetLife Insider Trading
Policy.

See below for information about the investment tracking funds and indices.

----------
*    This investment tracking fund may be used to adjust the value of any or all
     of your Deferred Cash Compensation Account. Values are tracked in this
     investment tracking fund using the value and performance of MetLife Stock,
     but payment is made in cash. Your MetLife Deferred Stock Account, which
     consists of deferred MetLife Stock payments, is paid out in the form of
     MetLife Stock.

                                                                          Page 6

<PAGE>

METLIFE DEFERRED STOCK ACCOUNTS

Your MetLife Deferred Stock Accounts will reflect the number of shares of
MetLife Stock you deferred, plus imputed reinvested dividends (on the same basis
as such dividends are paid on actual shares of MetLife Stock).

The value of your MetLife Deferred Stock Account will depend on the price of
MetLife Stock, which is affected by market conditions and other factors, such as
declared dividends. As a result, the value of your MetLife Deferred Stock
Account is anticipated to have a relatively high risk profile.

Your MetLife Deferred Stock Accounts will be appropriately adjusted (as
determined by the Governance Committee of the Board, or its successor) in the
event of any MetLife Stock dividend, MetLife Stock split, recapitalization
(including, but not limited, to the payment of an extraordinary dividend),
merger, consolidation, combination, or spin-off affecting MetLife, Inc.
capitalization, distribution of MetLife, Inc. assets to holders of MetLife Stock
(other than ordinary cash dividends), exchange of shares; other similar
corporate change.

The performance of MetLife Deferred Stock Awards will be identical to that of
the MetLife Common Stock Fund, and is labeled the "MetLife Deferred Shares Fund"
in the "Total Return Historic Fund & Index Performance by Calendar Year" chart.

THE DISTRIBUTION DATES

For each of your Deferred Cash Accounts and your MetLife Deferred Stock Accounts
separately, you may choose to have your distributions begin either (1) on a
specific date no less than three years after the year of deferral (for example:
for payments attributable to services performed in 2006, the date you may choose
may not be earlier than 2010), or (2) upon the termination of your service as a
Non-Management Director of MetLife, Inc. (the date of your termination of
service will be determined in accordance with Legal Deferral Requirements). If
you choose to receive your account on a specific date, your account will be paid
to you on the earlier of (a) the date you selected, or (b) on the date of the
termination of your service as a director.

Once you have designated a distribution date, you cannot change it except as
described below under "Changing the Distribution Date And/Or Number of
Payments."

NUMBER OF PAYMENTS

You may elect to receive each of your account balances in either a lump-sum
payment or up to 15 annual installments. For each of your Deferred Cash
Accounts, each annual installment will be a fraction of the account's cash value
with one being the numerator and the number of payments remaining being the
denominator. For each of your MetLife Deferred Stock Accounts, each annual
installment will be a fraction of the number of shares of MetLife Stock
represented in the account, with one being the numerator and the number of
payments remaining being the denominator and disregarding any fraction of a
share until the last installment. For example, if you elect to receive 10 annual
payments,

                                                                          Page 7

<PAGE>

the first payment is equal to 1/10th of the account; the second payment is equal
to 1/9th of the account; and so on until final payment is made. For purposes of
Legal Deferral Rules, any payment option selected under this plan will be
considered to be a single payment form of benefit.

FORM OF PAYMENTS

All payments from your Deferred Cash Accounts (including portions invested in
the MetLife Common Stock Fund) will be made in cash. All payments from your
MetLife Deferred Stock Account will be made in MetLife Stock, except that
fractional shares will be paid in cash at the Closing Price of MetLife Stock on
the date of payment.*

TAXATION OF PAYMENTS

Generally, payments are subject to federal, state and local tax income taxes in
the year you receive the amounts. Rollover to an IRA, qualified plan or
non-qualified plan is not permitted.

CHANGING THE DISTRIBUTION DATE AND/OR NUMBER OF PAYMENTS

For each of your Deferred Cash Account and your MetLife Deferred Stock Account
for a given year, you may make changes only once, at which time you may change
either or both: (1) the date you have selected to receive payment of your
deferred compensation to a date at least five (5) years later than your original
selection; and/or (2) the number of payments you have chosen to receive (your
change may increase or decrease the number of payments). You must make all
changes to any particular account at the same time; provided, however, that your
changes are effective if you submit them no later than one year before the
earlier of the original date you had selected for payment or the date your
service as a Non-Management Director ends, and otherwise will not be effective.
All changes will be effective to the extent consistent with Legal Deferral
Requirements.

PAYMENT TO BENEFICIARIES

If you die before your distributions begin or are completed, the balance in your
accounts will be paid as a single lump sum to your beneficiary. If you have not
designated a beneficiary, or your beneficiary dies before you do, the balance in
your accounts will be paid to your surviving spouse or, if you are not married
at the time, to your estate. A domestic partner is not considered a surviving
spouse under the Plan.

You may designate an individual, entity, trustee, or your estate as your
beneficiary, and you may change your beneficiary at any time. Each beneficiary
designation will apply to all of your deferrals under the Plan, and will
supersede your previous beneficiary designations. Unless or until you submit a
new beneficiary designation form, your last

----------
*    "Closing Price" means the closing price of a share of MetLife Stock as
     reported in the principal consolidated transaction reporting system for the
     New York Stock Exchange (or on such other recognized quotation system on
     which the trading prices of shares of MetLife Stock are quoted at the
     relevant time) on such date. In the event that there are no transactions of
     MetLife Stock reported on such tape (or such other system) on such date,
     Closing Price shall mean the closing price on the immediately preceding
     date on which MetLife Stock transactions were so reported.

                                                                          Page 8

<PAGE>

beneficiary designation (if any) under the MetLife Deferred Compensation Plan
for Outside Directors (or, if you have not designated a beneficiary under that
plan, the beneficiary you have designated under the MetLife, Inc. 2000 Directors
Stock Plan, if any) will apply under this Plan.

You may designate your beneficiary(ies) during each annual enrollment period. If
you wish to change your beneficiary designations during the year you may access
the website www/benefitplanservices.com/metlife (by clicking on Beneficiary
Detail) or contact BPSI at 1-800-340-8151 and they will send you a form on which
you can make your new beneficiary elections.

LOANS

No loans may be taken from your accounts.

HARDSHIP EXCEPTIONS

In cases of extreme hardship, and consistent with legal requirements for
deferral of income taxation, the Plan Administrator may suspend deferrals or
make payments to you, reducing the value of your account. However, the total
amount suspended and advanced cannot exceed the amount required to satisfy the
financial consequences of the hardship and tax withholding requirements.

UNFUNDED, UNSECURED OBLIGATIONS OF METLIFE, INC.

Deferrals under the Plan are unfunded and unsecured obligations of MetLife, Inc.
Your rights are those of a general unsecured creditor of MetLife, Inc. The Plan
is intended to be designed and administered in complete accordance with Legal
Deferral Requirements, but in no event will MetLife, Inc., any Affiliate, or the
Plan be liable for any taxes, penalties, or other losses on account of the Plan
or its administration failing to comply with Legal Deferral Requirements.

ASSIGNMENT

No assignment or pledge of the right to receive the payment of amounts deferred
or any other rights under the Plan may be made.

QUALIFIED DOMESTIC RELATIONS ORDERS ("QDROs")

Deferred Compensation will be distributed or attached to the extent required by
a QDRO.

PLAN ADMINISTRATOR

The Plan is administered by a Plan Administrator who may establish, amend or
rescind rules and regulations relating to the Plan. The Plan Administrator of
this Plan is also the Plan Administrator of the Metropolitan Life Retirement
Plan for U.S. Employees. The Employee Benefits Committee of the Metropolitan
Life Insurance Company appoints the

                                                                          Page 9

<PAGE>

Plan Administrator of the Retirement Plan, who serves until such time as the
Committee appoints a new Plan Administrator.

To the extent consistent with law, including Legal Deferral Requirements, the
Plan Administrator may amend, modify, suspend, or terminate the Plan at any time
and for any reason. The Plan Administrator may not amend, modify or terminate
the Plan in a way that will reduce the amount that has been accrued in your
deferred compensation account prior to the effective date of the amendment,
modification or termination.

The determinations and interpretations of the Plan made by the Plan
Administrator shall be final, binding, and conclusive for all purposes under the
Plan. The Plan Administrator may prescribe forms for participants to take action
authorized or allowed under the Plan and may appoint agents and consult legal
counsel and other professionals to assist in administration of the Plan. The
Plan Administrator may, in his or her sole discretion, adjust the value of a
deferred compensation account on a basis other than as prescribed in deferral or
reallocation elections, including but not limited to the use of investment
tracking funds other than those selected by the participant.

The Plan Administrator may reject or reform a deferral election on any lawful
basis, and may conform any provision of the Plan to Legal Deferral Requirements.
Where consistent with such requirements, the Plan Administrator may pay deferred
compensation regardless of the participant's election for payment at another
time.

INVESTMENT TRACKING FUNDS AND INDICES - ADDITIONAL INFORMATION

Each investment tracking fund and index mirrors the performance of the actual
fund or index to which it refers. Following are descriptions and historic
performance data for the actual funds and indices, determined on a Total Return
basis.

There is no guarantee that any of the funds will achieve its objectives or
increase in value. Unless you choose the investment tracking fund for the
MetLife SIP Fixed Income Fund, your deferrals may lose value. Each actively
managed fund has investment management fees and/or other expenses associated
with it. The descriptions below are derived from information provided by the
funds and other sources deemed to be reliable by the Plan Administrator.

ACTIVELY MANAGED FUNDS

METLIFE SIP FIXED INCOME FUND: This fund is an individually managed separate
account available under a Metropolitan Life Insurance Company group annuity
contract. The fund seeks to generate a predictable return through a specified
interest rate with preservation of capital by investing in Guaranteed Interest
Contract Alternatives or similar contracts.

LORD ABBETT BOND DEBENTURE FUND: This fund (the Lord Abbett Bond Debenture
Portfolio of the Met Investor Series Trust) is a mutual fund investment choice
available under various variable insurance contracts issued by Metropolitan Life
Insurance Company and its affiliates. The fund seeks to provide high current
income and the opportunity for capital appreciation to produce a high total
return. Under normal circumstances, the fund invests at least 80% of its net
assets in debt securities. The fund

                                                                         Page 10

<PAGE>

normally invests substantially all of its assets in high-yield and
investment-grade debt securities. It may invest in convertible securities. Up to
80% of the fund's assets may be invested in high-yield/high-risk debt securities
("junk bonds"). At least 20% of the fund's assets must be invested in any
combination of investment-grade debt securities, U.S. Government securities and
cash equivalents. The fund may also invest up to 20% of its net assets in equity
securities. The fund may also invest up to 20% of its net assets in foreign debt
and equity securities. (1, 3)

OAKMARK FUND(R): This fund is a mutual fund and seeks to achieve long-term
capital appreciation following a value style by investing primarily in the
common stocks of U.S. companies.

METLIFE SIP SMALL COMPANY STOCK FUND: This fund is an individually managed
separate account available under a Metropolitan Life Insurance Company group
annuity contract. The fund seeks to achieve long-term growth of capital by
investing in the stocks of smaller U.S. companies with strong growth potential
and to outperform the Russell 2000(R) Growth Index which measures the
performance of small company stocks with lower market capitalization. (2)

OAKMARK INTERNATIONAL FUND: This fund is a mutual fund and seeks to achieve
long-term capital appreciation following a value style by investing primarily in
the common stocks of non-U.S. companies in mature and less-developed markets.
There are no limits on the geographic asset distribution, but the fund does not
expect to invest more than 35% of its assets in securities of companies in
emerging markets. (3)

MARKET INDICES

S&P 500(R) INDEX: This index includes some of the 500 largest capitalized stocks
in the U.S. and is one of the most widely recognized and used benchmarks of U.S.
equity performance. Stocks that are not included among the 500 largest are
included in the index for diversification purposes.

RUSSELL 2000(R) INDEX: This index measures stock performance of 2,000 smaller
U.S. companies with market capitalization under $2.5 billion(2).

NASDAQ COMPOSITE(R) INDEX: The Nasdaq Composite Index measures all Nasdaq
domestic and international-based common-type stocks listed on the Nasdaq Stock
Market. The Nasdaq Composite includes over 3,000 securities. (3, 4)

MSCI EAFE(R) INDEX: The Morgan Stanley Capital International Europe,
Australasia, Far East Index is a benchmark of developed market stock
performance, excluding the United States and Canada. (3)

LEHMAN BROTHERS(R) AGGREGATE BOND INDEX: A benchmark index comprised of the
Lehman Brothers Government/Credit Bond Index, the Lehman Brothers
Mortgage-Backed Securities Index, the Lehman Brothers Asset-Backed Securities
Index and the Lehman Brothers Commercial Mortgage-Backed Securities Index. Fixed
income securities in the index include debt obligations issued or guaranteed by
the U.S. government or its agencies and instrumentalities, debt issued or
guaranteed by U.S.

                                                                         Page 11

<PAGE>

corporations, foreign companies, municipalities, government and international
agencies, asset-backed securities and mortgage-backed securities.

MERRILL LYNCH US HIGH YIELD MASTER II INDEX: The Merrill Lynch U.S. High Yield
Master II Index tracks the performance of below investment-grade U.S.
dollar-denominated corporate bonds publicly issued in the U.S. domestic market.
(1)

MSCI EMERGING MARKETS INDEX(SM): The MSCI Emerging Markets Index is designed to
measure equity market performance in global emerging markets. As of December
2003, the MSCI Emerging Markets Index consisted of the following 26 emerging
market country indices: Argentina, Brazil, Chile, China, Colombia, Czech
Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia,
Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa,
Taiwan, Thailand, Turkey and Venezuela. (3)

SINGLE-STOCK FUND

METLIFE COMMON STOCK FUND: The performance of this fund will depend on the price
of MetLife Stock, which is affected by market conditions and other factors, such
as declared dividends. Like other individual stock funds, this fund is
anticipated to have a relatively high risk profile. The performance of this fund
includes the value of reinvested dividends, if any.

(1)  Lower rated high-yield, high-risk securities generally involve more credit
     risk. These securities also may be subject to greater market price
     fluctuations than lower yielding higher rated debt.

(2)  Investments in small capitalization and emerging growth companies involve
     greater than average risk. Such securities may have limited marketability
     and the issues may have limited product lines, markets and financial
     resources. The value of such investments may fluctuate more widely than
     investments in larger, more established companies.

(3)  International stocks contain additional risks that are not associated with
     U.S. domestic issues, such as changes in currency exchange rates, different
     governmental regulations, economic conditions and accounting standards.

(4)  This index is comprised to a significant degree in technology issues. The
     technology industry can be significantly affected by obsolescence, short
     product cycles, falling profits and prices, and competition from new market
     participants. A choice that is weighted in one sector is more volatile than
     those that diversify across many industry sectors.

                                                                         Page 12

<PAGE>

                                  TOTAL RETURN
               HISTORIC FUND & INDEX PERFORMANCE BY CALENDAR YEAR
                            As of September 30, 2005

These figures are past performance and are not an indication of future
performance. Note: Unit values fluctuate and amounts received upon distribution
may be more or less than deferrals and any matching contributions. Current
performance may be lower or higher than the performance figures quoted.

<TABLE>
<CAPTION>
ACTIVELY MANAGED FUNDS                            YTD     2004    2003    2002     2001
----------------------                           -----   -----   -----   ------   ------
<S>                                              <C>     <C>     <C>     <C>      <C>
MetLife SIP Fixed Income Fund(1)                  3.51%   4.51%   5.00%    5.80%    7.00%
Lord Abbett Bond Debenture Fund(2)                1.35%   8.43%  19.52%    1.28%   -1.32%
Oakmark Fund(R)(3)                               -2.44%  11.73%  25.30%  -14.41%   18.29%
MetLife SIP Small Company Stock Fund(1)           5.00%  10.79%  45.11%  -19.98%   -9.82%
Oakmark International Fund(3)                    11.31%  19.09%  38.04%   -8.46%   -5.13%

MARKET INDEXES
S&P 500(R) Index(4, 8)                            2.77%  10.88%  28.70%  -22.10%  -11.89%
Russell 2000(R) Index(5, 8)                       3.38%  18.33%  47.25%  -20.48%    2.49%
Nasdaq Composite(R) Index(6, 8)                  -0.48%   9.16%  50.01%  -31.53%  -21.05%
MSCI EAFE(R) Index(7, 8)                          9.08%  20.25%  38.59%  -15.94%  -21.44%
Lehman Brothers(R)Aggregate Bond Index(6)         1.82%   4.34%   4.10%   10.25%    8.44%
Merrill Lynch US High Yield Master II Index(6)    2.06%  10.87%  28.15%   -1.89%    4.48%

DEFERRED STOCK/SINGLE STOCK FUND
MetLife Deferred Shares Fund(9)                  23.01%  21.68%  25.38%  -14.01%   -8.88%
MetLife Common Stock Fund(10)
</TABLE>

                                                                         Page 13

<PAGE>

----------
(1)  Both the MetLife SIP Fixed Income Fund and the MetLife Small Company Stock
     Fund are individually managed separate accounts available under
     Metropolitan Life Insurance Company group annuity contracts. All
     performance is shown net of investment management fees and other expenses.
     Both funds have been available as tracking funds in the Plan since January
     1, 1998. Returns in the MetLife SIP Fixed Income Fund are credited to
     participants' balances by crediting a daily interest factor that produces
     the effective annual return that is declared for the fund. Starting October
     1, 2005, the effective annual interest rate for the MetLife SIP Fixed
     Income Fund will be 5%. From January 1, 2005 through June 30, 2005, the
     Fund credited interest at an effective annual rate of 4.65%. From July 1,
     2005 through September 30, 2005, the Fund credited interest at an effective
     annual rate of 4.85%.

(2)  The Lord Abbett Bond Debenture Fund (Lord Abbett Bond Debenture Portfolio
     of the Met Investors Series Trust, Class A shares) is a mutual fund
     investment choice available under various variable insurance contracts
     issued by Metropolitan Life Insurance Company and its affiliates. The
     Loomis Sayles High Yield Bond Portfolio of the Metropolitan Series Fund was
     merged into the Lord Abbett Bond Debenture Portfolio after the close of
     business on April 26, 2002. Performance for the Lord Abbett Bond Debenture
     Portfolio includes performance of the Loomis Sayles High Yield Bond
     Portfolio prior to April 27, 2002, and performance of the Lord Abbett
     Debenture Portfolio after April 26, 2002. All performance is shown net of
     the Lord Abbett Bond Debenture Portfolio's investment management fees and
     other expenses.

(3)  The Oakmark Fund and the Oakmark International Fund are mutual funds. All
     performance is shown net of investment management fees and other expenses.
     The Oakmark Fund and Oakmark International Fund have been available as
     tracking funds in the Plan since January 1, 1998.

(4)  The S&P 500 Index Fund has been available as a tracking fund in the Plan
     since January 1, 2001. The MetLife SIP Common Stock Index Fund was
     available in the Plan from January 1, 1998 through December 31, 2000. The
     MetLife SIP Common Stock Index Fund was converted to the S&P 500 Index Fund
     after the close of business on December 31, 2000.

(5)  The Russell 2000 Index has been available as a tracking fund in the Plan
     since January 1, 2001.

(6)  The Nasdaq Composite Index, Lehman Brothers Aggregate Bond Index, and
     Merrill Lynch US High Yield Master II Index have been available as tracking
     funds in the Plan since January 1, 2001.

(7)  The MSCI EAFE Index and the MSCI Emerging Markets Index have been available
     as tracking funds in the Plan since January 1, 2001. The name of the MSCI
     EMF Index tracking fund has been changed to MSCI Emerging Markets Index to
     reflect the corresponding change of name in this MSCI market index.

(8)  Investment-tracking on participants' accounts will be done using the Total
     Return measure (the percentage change in the unit price, plus the impact of
     reinvested dividends) for all funds, including the S&P 500 Index, Russell
     2000 Index, Nasdaq Composite Index, MSCI EAFE Index, and MSCI Emerging
     Markets Index tracking funds. Returns in this chart reflect the Total
     Return measure for all periods shown for all funds except the Nasdaq
     Composite Index, for which 2004 returns reflect the Total Return measure
     and 2000-2003 returns reflect the Price Return measure. Total Return
     information on the Nasdaq Composite Index is not available prior to 2004.
     Investment-tracking for periods prior to January 2005 was done using the
     Price Return measure (the percentage change in the unit price, without
     reinvested dividends) for the S&P 500 Index, Russell 2000 Index, Nasdaq
     Composite Index, MSCI EAFE Index, and MSCI Emerging Markets Index tracking
     funds. The preceding sentence applies only to the MetLife Deferred
     Compensation Plan for Officers and the MetLife Deferred Compensation Plan
     For Outside Directors, which provided for deferral of compensation prior to
     January 2005; performance charts in the program descriptions for elections
     that were offered under those plans reflected the Price Return measure.

(9)  The MetLife Deferred Shares Fund has been available as a tracking fund
     since May 1, 2001 for MetLife Directors. The Performance data is obtained
     from MetLife, Inc. Returns reflect the MetLife stock price (MET), including
     reinvested dividends, as reported by MetLife, Inc.

(10) Performance data obtained from MetLife, Inc. Returns reflect the MetLife
     stock price (MET), including reinvested dividends, as reported by MetLife,
     Inc.

                                                                         Page 14

<PAGE>

PROSPECTUS INFORMATION

In connection with the obligations of MetLife, Inc. under the Plan, the
following constitute the prospectus meeting the requirements of Section 10(a) of
the Securities Act of 1933, as amended:

1.   The information set forth in this Program Description;

2.   Any other written documents delivered to participants updating or revising
     the information in item 1 above. Those documents will contain a legend
     indicating that they constitute a part of the prospectus covering the
     obligations being offered as permitted by the Plan;

3.   Each of the following documents filed by MetLife, Inc. with the Securities
     and Exchange Commission (the "Commission"), which are incorporated by
     reference in this prospectus:

     a)   MetLife, Inc.'s Annual Report on Form 10-K for the year ended December
          31, 2004;

     b)   All other reports filed by MetLife, Inc. with the Commission pursuant
          to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as
          amended, since December 31, 2004; and

     c)   All documents subsequently filed by MetLife, Inc. pursuant to Sections
          13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as
          amended, prior to the filing of a post-effective amendment which
          indicates that all securities offered have been sold or which
          de-registers all securities then remaining unsold.

You may obtain a copy of the above filings described in items 1 and 2, at no
cost, by calling BPSI at 1-800-340-8151. Filings described in item 3 and any
other documents MetLife, Inc. provides to its shareholders may be obtained, at
no cost, at www.metlife.com (by clicking on Investor Relations) or by calling
1-800-649-3593. You may also request copies of any of the above documents by
writing to the MetLife Corporate Secretary, 200 Park Avenue, New York, NY
10166-0188.

                                                                         Page 15

<PAGE>
IN WITNESS WHEREOF, this MetLife Non-Management Director Deferred Compensation
Plan, as amended and restated effective January 1, 2005, is approved.

PLAN ADMINISTRATOR

/s/ Margery Brittain
---------------------------
Date: 12-15-05
     ----------------------
Witness: /s/ Rose Alston
        -------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}]]