Document:

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                                                                   Exhibit 10.38

MetLife, Inc.
---------------------------                                    [MetLife(R) LOGO]
Board of Directors

December 14, 2004

2005 AVIP             ON MOTION, it was resolved
Objectives

                         (a)   That the measures to be used to determine
                               performance results for establishing the total
                               pool to be available for payment of awards under
                               the MetLife Annual Variable Incentive Plan
                               ("AVIP") for 2005 are approved substantially in
                               form described in a memorandum dated December 6,
                               2004, a copy of which was provided each Director
                               and filed with the records of the meeting; and

                         (b)   That the Chief Executive Officer of the Company
                               ("CEO") shall be eligible for an AVIP award for
                               2005 equal to one percent (1%) of the Company's
                               net income excluding after-tax net investment
                               gains and losses, excluding settlement payments
                               on derivative instruments not qualifying for
                               hedge accounting treatment, and the cumulative
                               effective of a change in accounting, determined
                               according to generally accepted accounting
                               principles ("Net Operating Income"), subject to
                               the maximum award limit under AVIP; provided,
                               however, that the Committee shall retain the
                               ability, in its discretion, to reduce the amount
                               of the award payable (including reducing the
                               amount payable to zero) based on such factors or
                               considerations that the Committee shall deem
                               appropriate, including but not limited to the
                               amounts that would have been payable to the CEO
                               under the formula applicable to other employees
                               under AVIP; and

                         (c)      That each of the Company's other officers
                               subject to the reporting requirements of Section
                               16 of the Securities Exchange Act of 1934
                               ("Section 16 Officers") shall be eligible for an
                               AVIP award for 2005 equal to one-half of one
                               percent (0.5%) of Net Operating Income, subject
                               to the maximum award limit under AVIP; provided,
                               however, that the Committee shall retain the
                               ability, in its discretion, to reduce the amount
                               of the award payable (including

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                               reducing the amount payable to zero) based on
                               such factors or considerations that the Committee
                               shall deem appropriate, including but not limited
                               to the amounts that would have been payable to
                               the CEO under the formula applicable to other
                               employees under AVIP; and

                         (d)   That if the Company's Net Operating Income is
                               zero, neither the CEO nor any of the Section 16
                               Officers shall be eligible for any AVIP for 2005.<PAGE>

                                                                   Exhibit 10.55

                METROPOLITAN LIFE AUXILIARY DEATH BENEFITS PLAN
                -----------------------------------------------

This Auxiliary Death Benefits Plan (the Plan) is established effective as of
January 1, 1987, by Metropolitan Life Insurance Company (the Company).

Article 1.   Purpose of Plan
             ---------------

The Company for many years has maintained a Group Life Insurance Plan and a
Survivor Benefit Plan (the Life Insurance Plans) for its employees and retirees.
Said plans meet the requirements applicable to group-term life insurance under
section 79 of the Internal Revenue Code. Benefits for salaried employees under
the Life Insurance Plans are based on the amounts of the employee's current
annualized compensation or the retiree's final annualized compensation at
retirement (except for modified SIBI payments, which are tied to retirement
benefit payments).

Under the nondiscrimination provisions of section 79, the Company is effectively
prohibited from determining the compensation base under the Life Insurance Plans
in such a manner as to provide life insurance benefits in what it considers the
appropriate amounts in a number of factual situations, namely: (a) where the
Company and an employee enter into a deferred compensation agreement; (b) where
there is a temporary drop in incentive compensation; and (c) where the
application of the dollar ceiling on compensation under section 79 results in a
loss of coverage under the plans. Therefore, the Company is adopting this Plan
for certain of its management employees to provide them with auxiliary death
benefits on an uninsured basis.

Article 2.   Eligibility
             -----------

Each participant in the Company's Executive Incentive Plan and each retired
employee who formerly was such a participant is eligible for benefits under this
Plan.

Article 3.   Benefits
             --------

(a)  If an eligible employee or eligible retiree dies, and as a result of one or
     more deferred compensation agreements entered into with the Company by the
     eligible employee or eligible retiree the benefits under the Life Insurance
     Plans are reduced, the Company will pay to the beneficiary or beneficiaries
     under the Life Insurance Plans an auxiliary death benefit equal to the
     amount of such reduction resulting from the deferred compensation agreement
     or agreements.

(b)  If an eligible employee or eligible retiree dies at a time when his or her
     monthly compensation at the time of death or retirement is less than what
     it had been in any month in the 36 months preceding the date of death or
     retirement, the Company will pay to the beneficiary or beneficiaries under
     the Life Insurance Plans an auxiliary death benefit equal to the difference
     between the benefits payable under the Life Insurance Plans and what such
     benefits would have been had the benefits been based on the highest
     compensation in the 36-month period. The highest compensation in the
     36-month period
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     shall be determined without regard to any deferred compensation agreement
     or agreements.

(c)  If an eligible employee or eligible retiree dies at a time when the dollar
     limit on compensation applicable to the Life Insurance Plans under sections
     79 and 89 of the Internal Revenue Code has resulted in a reduction in the
     benefits which would otherwise have been payable under the Life Insurance
     Plans, the Company will pay to the beneficiary or beneficiaries under the
     Life Insurance Plans an auxiliary death benefit equal to the amount of such
     reduction.

(d)  In recognition of the fact that the federal income tax treatment to the
     eligible employee or eligible retiree and to the beneficiary or
     beneficiaries under the Plan differs or may differ from the tax treatment
     under the Life Insurance Plans, the Company will increase the amounts
     otherwise payable under (a), (b), and (c) above by 25% of such payments.
     Such percentage may be increased or decreased from time to time by the
     Company as it deems appropriate.

(e)  Except as otherwise permitted by the Company, any benefits payable under
     this Plan shall be payable in the same form and at the same times and to
     the same beneficiary or beneficiaries as the benefits under the Life
     Insurance Plans.

Article 4.    Unfunded Plan
              -------------

This Plan is completely unfunded, and payment of benefits is supported only by
the general assets of the Company.

Article 5.   Nontransferability of Benefits
             ------------------------------

No employee, retiree or beneficiary shall have any power or right to transfer,
assign, mortgage, commute, or otherwise encumber any of the benefits payable
hereunder, nor shall such benefits be subject to seizure for the payment of any
debts or judgments, or be transferable by operation of law in the event of
bankruptcy, insolvency or otherwise.

Article 6.   Effect of Taxes
             ---------------

In making payments under this Plan, the Company shall withhold any federal,
state or local income or other taxes it determines that it is legally obligated
to withhold. In the event the payments received by any beneficiary result in
greater tax burdens (whether income, estate, inheritance or other tax burdens)
than they would have had if such payments had been able to be received under the
Life Insurance Plans, the Company shall have no obligation to reimburse any such
beneficiary for such greater tax burdens.

Article 7.   Company Interpretation Binding
             ------------------------------

In the event of a difference of opinion between the Company and an employee, a
retiree or a beneficiary with respect to the meaning or application of the
provisions of this Plan, the

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Company's final interpretation shall be set forth in writing to the employee,
retiree or beneficiary and shall be binding and conclusive.

Article 8.   Governing Law
             -------------

To the extent not inconsistent with federal law, the validity of the Plan and
its provisions shall be construed according to the laws of the State of New
York.

Article 9.   Amendment and Termination of Plan
             ---------------------------------

The Company reserves the right to amend or terminate this Plan at any time
without the consent of any employee, retiree or beneficiary or of any other
person. However, any such amendment or termination will not affect adversely
the entitlement to benefits hereunder of any beneficiary or beneficiaries where
the eligible employee or retiree died prior to such amendment or termination.
For this purpose, a decrease in the percentage factor applied to determine
benefit payments under Article 3 (d) will not be considered an amendment or
termination adversely affecting benefit payments.

Date Executed                           METROPOLITAN LIFE INSURANCE COMPANY

May 5, 1987                             By /s/ Joseph L. Rubsam
                                           --------------------------------
                                           Joseph L. Rubsam, Vice-President

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                        AMENDMENTS TO METROPOLITAN LIFE
                         AUXILIARY DEATH BENEFITS PLAN
                        -------------------------------

     IN WITNESS WHEREOF, Metropolitan Life Insurance Company herein amends the
Metropolitan Life Auxiliary Death Benefits Plan as follows, effective January 1,
1990 for eligible employees in active service on or after such date.

1)  Add the following to Article 2:

    "Effective on or after January 1, 1990, each officer or regional sales
    manager who is a participant in the Short-Term Performance Compensation Plan
    and each retired officer or regional sales manager who while in such status
    was a participant in the Short-Term Performance Compensation Plan is
    eligible for benefits under this Plan."

2)  Add the following sentence to paragraph (b) of Article 3:

    "For any period beginning on and after January 1, 1989, highest compensation
    earned by an eligible employee or eligible retiree shall be the sum of (i)
    his or her annual base salary and (ii) his or her payment under the
    Executive Incentive Bonus Plan or under the Short-Term Performance
    Compensation Plan for the year with the highest bonus amount in or with
    respect to the three-year period ending on the date of death of the employee
    or retiree."

3)  Substitute the following for paragraph (c) of Article 3:

    "(c) If an eligible employee or eligible retiree dies at a time when the
    dollar limit on compensation applicable to the Life Insurance Plans has
    resulted in a reduction in the benefits which would otherwise have been
    payable under the Life Insurance Plans, the Company will pay to the
    beneficiary or beneficiaries under the Life Insurance Plans an auxiliary
    death benefit equal to the amount of such reduction."

/s/ Harvey R. Horn                      METROPOLITAN LIFE INSURANCE COMPANY
------------------
     Witness

November 13, 1990                       /s/ Lawrence S. Craven
-----------------                       ----------------------
       Date

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