Annuity & Life Insurance Solutions
Table Of Content
You may be looking for a guaranteed rate of return, no matter how the economy or markets perform. 2 Growth of LTC benefits relies on the index crediting rate being sufficient to cover annual charges. 1 At the end of the initial guarantee period, the contract will automatically renew into a subsequent guarantee period of one year at the then-current renewal interest rate and will no longer be subject to a withdrawal charge. For each subsequent guarantee period, a new renewal interest rate will be declared.
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Use Quick Pay to conveniently and securely make an online payment on an existing life insurance policy. Brighthouse Financial is a 2017 spinoff of MetLife’s U.S. retail division, which sells life insurance to individual Americans. Today, the two companies are completely separate entities, with MetLife based in New York and Brighthouse Financial based in Charlotte, NC. Brighthouse Financial is one of the largest life insurance and annuity companies in the U.S., headquartered in Charlotte, North Carolina, with more than 1,500 employees and 2 million customers. If you live in New York, California, Illinois, Louisiana, or Maine, you won’t be able to purchase Brighthouse SimplySelect®.
Brighthouse Financial vs. other life insurance companies
Fitch’s Insurer Financial Strength Rating provides as assessment of the financial strength of an insurance organization. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC and, in New York only, by Brighthouse Life Insurance Company of NY, New York, NY (“Brighthouse Financial”). An annuity can be an effective method for earning a potential return on your investment, and some annuities offer the option of guaranteed lifetime income. You can use this information to help guide your conversation with a financial professional about how an annuity may help you reach your retirement goals.For definitions of many key words and phrases found in this article, view our RILA dictionary. Brighthouse Fixed Rate Annuity and Brighthouse Fixed Rate Annuity MVA are insurance products and not insured by the FDIC, the NCUSIF, or any other government agency, nor are they guaranteed by, or the obligation of, the financial institution that sells them.
A message to our customers and financial professionals:
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Choose 3, 5, or 7 Years of Guaranteed GrowthYou choose how long you want your money to grow (3, 5, or 7 years). Once your initial guarantee period ends, your contract will automatically renew into a subsequent guarantee period of one year, free of a withdrawal charge. Choose your term and other options to fit your specific needs. With so much change in how you plan, save, and invest for the future, delivering products for people like you has never been more necessary. Enter your email address below to receive the latest news and analysts' ratings for Brighthouse Financial and its competitors with MarketBeat's FREE daily newsletter. Ever since its initial public offering (IPO) in August 2017, Brighthouse Financial has been an independent, publicly traded company owned by shareholders and governed by a board of directors.
Withdrawals of taxable amounts are subject to ordinary income tax. Withdrawals made before age 59½ may also be subject to a 10% federal income tax penalty. Annuities, stocks, and bonds offer a variety of features and benefits that help diversify a portfolio.
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3 AM Best’s Financial Strength Rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. Any discussion of taxes is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax, or accounting advice. Clients should confer with their qualified legal, tax, and accounting professionals as appropriate. AM Best’s Financial Strength Rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. 4 Fitch’s Insurer Financial Strength Rating provides an assessment of the financial strength of an insurance organization. The Insurer Financial Strength Rating is assigned to the insurance company’s policyholder obligations, including assumed reinsurance obligations and contract holder obligations, such as guaranteed investment contracts.
Company leadership
Since the industry average is 1.00, this means Brighthouse Financial receives 60% fewer complaints than the average life insurance company — a great sign that you can expect stellar customer service. Learning about the similarities and differences between different types of investments can be an important first step in understanding whether an annuity may be an option to help meet your long-term retirement goals. Speak with a financial professional about the features you’re seeking and to find out if a RILA may be a possible fit for a portion of your portfolio. 3 Guarantees assume premiums have been paid to keep the policy in force. Benefits paid from the Long-Term Care Acceleration of Death Benefit Rider will reduce the death benefit dollar for dollar and all other values reduce proportionately.
What are some common types of annuities?
Our life insurance and annuity products can only be purchased through a financial professional. Life insurance is a product that guarantees a death benefit – a payment to your beneficiaries in the event of your death – which provides valuable insurance protection that can help offset economic loss in the event of your death. Additionally, some life insurance products can grow cash value on a tax-deferred basis, resulting in funds that can be used during your lifetime.
All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. Brighthouse SmartCare has exclusions, limitations, reduction of benefits, and terms under which the policy may be continued in force or discontinued. For costs and complete details of the coverage, please consult your financial professional.
It provides your loved ones a death benefit and offers you long-term care (LTC) coverage if you need it. 5 Moody’s Insurance Financial Strength Rating is an opinion of the ability of an insurance company to pay punctually senior policyholder claims and obligations and also reflect the expected financial loss suffered in the event of default. Specific obligations are considered unrated unless they are individually rated because the standing of a particular insurance obligation would depend on an assessment of its relative standing under those laws governing both the obligation and the insurance company. Moody’s Insurance Financial Strength Rating is an opinion of the ability of an insurance company to pay punctually senior policyholder claims and obligations and also reflect the expected financial loss suffered in the event of default.
If you’re looking for whole life insurance, Brighthouse Financial only offers it as a conversion option for their term life policies. And if you need more than $3 million in coverage, see our picks for the best life insurance companies for high-net-worth individuals. If you need immediate access to cash, consider investments that you can sell more easily and with less potential penalty. Annuities provide varying access to your money, but annuity gains that are withdrawn may be subject to taxes.
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