Total Control Account® (TCA)
A Smart, Safe Way to Grow Your Funds.
Already have a TCA?
What is the Total Control Account?
MetLife's Total Control Account (TCA) is an interest-bearing, no fee account designed with beneficiaries in mind. Although not a bank account, it's a lot like a checking account, but with several advantages.
Your loved one trusted MetLife with their life insurance or annuity, and to provide you with assistance during this difficult time. There’s no better place to protect and grow those funds than a MetLife TCA.
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Features
Easy Access to Your Funds
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Earn Interest Immediately
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FAQs
With a TCA, life insurance proceeds begin earning interest as soon as the account is established, and the TCA interest rate is often higher than what many traditional banks pay on savings and checking accounts. TCA also provides support and flexibility to you. You can easily access funds to pay for expenses while you continue to earn interest on your remaining balance.
There is no cost to having a TCA. There are also no maintenance fees, no ATM surcharges, and no charge for withdrawals or drafts.
Yes, your account earns competitive interest. Your account begins earning interest the day it's established. We review our interest rates weekly to ensure that they are competitive, and the interest is compounded daily to give you a higher return.
MetLife fully guarantees the funds in your account (principal and interest earned). MetLife has been helping protect people’s financial security since 1868, and the TCA is backed by the financial strength of MetLife. In addition, the funds in your account are guaranteed by your state insurance guaranty association. The coverage limits vary by state.2
No. Funds for your TCA can only come from a life insurance claim or annuity closeout. When you withdraw money from your TCA, you won’t be able to redeposit it into the TCA or deposit funds into your TCA. So, if you have a checking or savings account earning less interest than your TCA, you may want to use that source before withdrawing money from your TCA.
Once your account has been established, you can access your funds a variety of ways:
- Link your TCA to your favorite mobile payment service such as PayPal®, Venmo®, Cash App®, Apple Pay®, and Google Pay®
- Set up recurring payments to help pay for your mortgage/rent, student loans, utility bills, etc
- Use your fee-free Visa debit card (which is also an ATM card) anywhere Visa is accepted - go to MetLifeTCA.com to request your debit card
- Write drafts for $250 or more
- Transfer funds right from the website
MetLife has a dedicated customer service team ready to answer your questions.
Call 800-638-7283 Monday through Friday from 8:00 a.m. through 7:00 p.m. ET