Pioneer PRISM XC Variable Annuity - Pioneer Investments

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Joint Owner. The contract can be owned by joint owners, limited to two natural persons. Upon the death of either owner, the surviving owner will be the primary beneficiary. Any other beneficiary designation will be treated as a contingent beneficiary unless otherwise indicated. Beneficiary. The beneficiary is the person(s) or entity you name to receive any death benefit. The beneficiary is named at the time the contract is issued unless changed at a later date. Unless an irrevocable beneficiary has been named, you can change the beneficiary at any time before you die. If joint owners are named, unless you tell us otherwise, the surviving joint owner will be the primary beneficiary. Any other beneficiary designation will be treated as a contingent beneficiary (unless you tell us otherwise). Annuitant. The annuitant is the natural person(s) on whose life we base annuity payments. You can change the annuitant at any time prior to the annuity date, unless an owner is not a natural person. Any reference to annuitant includes any joint annuitant under an annuity option. The owner and the annuitant do not have to be the same person except as required under certain sections of the Internal Revenue Code. Assignment. You can assign a Non-Qualified Contract at any time during your lifetime. We will not be bound by the assignment until the written notice of the assignment is recorded by us. We will not be liable for any payment or other action we take in accordance with the contract before we record the assignment. An assignment may be a taxable event. If the contract is issued pursuant to a qualified plan, there may be limitations on your ability to assign the contract. 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 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, First 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 First MetLife Investors to meet its obligations under the contracts. Financial Statements Our financial statements and the financial statements of the Separate Account have been included in the SAI. Table of Contents of the Statement of Additional Information Company Independent Registered Public Accounting Firm Additional Information Custodian Distribution Calculation of Performance Information Annuity Provisions Tax Status of the Contracts Financial Statements Legal Proceedings In the ordinary course of business, First MetLife Investors, similar to other life insurance companies, is involved in 60
APPENDIX A Participating Investment Portfolios Below are the advisers and subadvisers and investment objectives of each investment portfolio available under the contract. 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. LEGG MASON PARTNERS VARIABLE EQUITY TRUST (Class II) Legg Mason Partners Variable Equity Trust is a trust with multiple portfolios. Legg Mason Partners Fund Adviser is the investment adviser to each portfolio. The following Class II portfolios are available under the contract: Legg Mason Partners Variable Aggressive Growth Portfolio Subadviser: ClearBridge Advisors, LLC Investment Objective: The Legg Mason Partners Variable Aggressive Growth Portfolio seeks capital appreciation. Legg Mason Partners Variable Capital and Income Portfolio Subadvisers: ClearBridge Advisors, LLC; Western Asset Management Company; Western Asset Management Company Limited Investment Objective: The Legg Mason Partners Variable Capital and Income Portfolio seeks total return (that is, a combination of income and long-term capital appreciation). MET INVESTORS SERIES TRUST (Class B or, as noted, Class E) Met Investors Series Trust is managed by MetLife Advisers, LLC, which is an affiliate of First MetLife Investors. (Met Investors Advisory, LLC, the former investment manager of Met Investors Series Trust, merged into MetLife Advisers, LLC on May 1, 2009.) Met Investors Series Trust is a mutual fund with multiple portfolios. The following Class B or, as noted, Class E portfolios are available under the contract: Dreman Small Cap Value Portfolio Subadviser: Dreman Value Management, LLC Investment Objective: The Dreman Small Cap Value Portfolio seeks capital appreciation. Lazard Mid Cap Portfolio Subadviser: Lazard Asset Management LLC Investment Objective: The Lazard Mid Cap Portfolio seeks long-term growth of capital. MFS ® Research International Portfolio Subadviser: Massachusetts Financial Services Company Investment Objective: The MFS ® Research International Portfolio seeks capital appreciation. Oppenheimer Capital Appreciation Portfolio Subadviser: OppenheimerFunds, Inc. Investment Objective: The Oppenheimer Capital Appreciation Portfolio seeks capital appreciation. PIMCO Inflation Protected Bond Portfolio Subadviser: Pacific Investment Management Company LLC Investment Objective: The PIMCO Inflation Protected Bond Portfolio seeks to provide maximum real return, consistent with preservation of capital and prudent investment management. Pioneer Strategic Income Portfolio† Subadviser: Pioneer Investments Managment, Inc. Investment Objective: The Pioneer Strategic Income Portfolio seeks a high level of current income. A-1
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PIONEER RETIREMENT INCOME STRATEGIE
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61 The Variable Annuity Contract is
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TABLE OF CONTENTS Page Page INDEX O
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IRA contract. Subject to state appr
Page 11 and 12: The next table describes the fees a
Page 13 and 14: The next table shows the minimum an
Page 15 and 16: Pioneer Variable Contracts Trust -
Page 17 and 18: The Examples should not be consider
Page 19 and 20: Our market timing policies and proc
Page 21 and 22: Pioneer Bond VCT Portfolio Platform
Page 23 and 24: On Monday we receive an additional
Page 25 and 26: decline in the account value of you
Page 27 and 28: opportunities and forced liquidatio
Page 29 and 30: $12,000 allocation to a 6-month pro
Page 31 and 32: well as expenses associated with ma
Page 33 and 34: 90 days if there is no more than a
Page 35 and 36: If you do not choose an annuity opt
Page 37 and 38: Under most circumstances, withdrawa
Page 39 and 40: eceive from the contract over time
Page 41 and 42: contract year, we will continue pay
Page 43 and 44: in the Automated Required Minimum D
Page 45 and 46: Revenue Code and regulations thereu
Page 47 and 48: higher Benefit Base, which would in
Page 49 and 50: Summary of Guaranteed Withdrawal Be
Page 51 and 52: If you have a joint owner, the deat
Page 53 and 54: under the federal Defense of Marria
Page 55 and 56: entire amount of all future payment
Page 57 and 58: whether your variable income annuit
Page 59 and 60: an owner of such a contract present
Page 61: at our Annuity Service Center (or a
Page 65 and 66: Pioneer Emerging Markets VCT Portfo
Page 67 and 68: APPENDIX B EDCA Examples with Multi
Page 69 and 70: APPENDIX C Guaranteed Withdrawal Be
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Page 73 and 74: Payment of $10,000, the Annual Bene
Page 75 and 76: $120,000 $100,000 $80,000 $60,000 A
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Page 81 and 82: If you would like the Statement of
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Page 85 and 86: NOT PART OF THE PROSPECTUS L0309027
Page 87 and 88: Our Privacy Notice We know that you
Page 89 and 90: BUSINESS CONTINUITY PLAN DISCLOSURE
Page 92: First MetLife Investors Insurance C
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Pioneer PRISM XC Variable Annuity - Pioneer Investments

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