Brighthouse Annuity Ratings
Brighthouse Financial is rated A by AM Best and Fitch. Brighthouse Annuity also boasts a Moody’s rating of A3 and an A+ rating from Standard and Poor’s. According to their balance sheet, as of December 20 2020, the firm had $248 Billion in Total Assets vs. $230 Billion in Total Liabilities.
Brighthouse Annuities
SecureAdvantage
Brighthouse SecureAdvantage – Download Brochure
The Brighthouse SecureAdvantage 6-Year Fixed Index Annuity offers 100% protection. Purchase payment will be reduced by withdrawals, which may be subject to Withdrawal Charges and a Market Value Adjustment if applicable. All guarantees are subject to the claims-paying ability and financial strength of Brighthouse Life Insurance Company. for your purchase payment against market downturns.
It features Index Accounts – including innovative Annual Sum Index Accounts – that provide growth opportunities linked to two well-known market indices. What’s more, it offers access to a portion of your money each year2 should the need arise, and a death benefit that keeps pace with your selected Index Accounts. SecureAdvantage 6-Year is designed to provide the protection, growth opportunity, and clarity you need.
Market Value Adjustment may not be applicable in all states & waivers are not available in all states and other restrictions may apply.
Guaranteed Lifetime Annuity Payout Options:
You can convert your Contract into a stream of fixed-income payments guaranteed for your life. Payments may begin at any time 13 months after your Contract Issue Date.
Once Annuity Payments begin, the Contract cannot be surrendered, and you have no withdrawal rights or access to the Account Value. You may choose from the following options, or any other options acceptable to you and us:
Life Annuity with Ten (10) Years of Income Payments Guaranteed – Provides income payments that continue as long as the annuitant is living and are guaranteed for 10 years. If the annuitant dies before the end of the guarantee period, income payments are made to the designated beneficiary(ies) until the end of the guarantee period. No income payments are made once the guarantee period has expired and the Annuitant is no longer living.
Joint and Last Survivor with Ten (10) Years of Income Payments Guaranteed – Provides income payments that are paid for the lifetime of two people and are guaranteed for 10 years. After the death of one Annuitant, the survivor Annuitant will continue to receive the full income payments for as long as he or she lives.
If both should die before the end of the guarantee period, the beneficiary(ies) will continue to receive full income payments for the remaining guarantee period. No income payments are made once the guarantee period has expired and the annuitants are no longer living.
Income Option Information:
The start date for income payments must be the first day of a calendar month. If an Annuity Start Date is not chosen, the default Annuity Start Date is the First Contract Anniversary after the oldest Owner’s 95th birthday. The default income option is a Life Annuity with a 10-Year Guarantee Period.
Available in: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WV
Flex premiums | Not available |
---|---|
Maximum | $1,000,000 Higher Limits may be available with Home Office Approval |
Minimum | $50,000 |
Types of funds |
|
AGE RESTRICTIONS | |
Owner | 18 – 80 |
Annuitant | 18 – 80 |
Brighthouse Fixed Rate Annuity
Brighthouse Fixed Rate Annuity Brochure
DURATION: 7 years
FREE WITHDRAWALS: 10%
Market value adjustment: No
Return of premium: No
PREMIUM PAYMENTS: Single Payment Only
Maximum: $1,000,000 Higher Limits may be available with Home Office Approval
Minimum: $25,000
Types of funds:
Non-Qualified
IRA
Spousal IRA
IRA Rollover
IRA Transfer
IRA-Roth
1035 Exchange
AGE RESTRICTIONS
Owner 0 – 85
Annuitant 0 – 85
Max. annuitization age 95
The Brighthouse Fixed Rate Annuity is designed for long-term retirement savings and provides the opportunity to obtain a stream of payments for life.
Free Withdrawal Amount
The following amounts may be withdrawn free of withdrawal charge:
• First contract year: 10% of the purchase payment
• Each year after the first contract year: 10% of the account value, as of the prior contract anniversary
• Withdrawals made to satisfy required minimum distributions (RMDs) for amounts held within the contract
Death Benefit
Upon the death of the owner, the beneficiary will receive the full account value (not subject to withdrawal charges) or the minimum withdrawal value, whichever is greater.
For issue ages 0-17, a Uniform Gift to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) custodial account must be established.
Available in: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Accordion Title
Brighthouse Shield Level Select RILA – Download Brochure
Available in: AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Death Benefit
For contract owners 75 or younger at issue, the death benefit is equal to the greater of:
1. The account value; or
2. The purchase payment, reduced proportionately by the percentage reduction in account value for each partial withdrawal (including any applicable withdrawal charges).
For contract owners 76 and older at issue, the death benefit will be equal to the account value.
Free Withdrawal
After the first contract year, the Free Withdrawal Amount is equal to 10% of the account value as of the prior contract anniversary. In addition, there are other situations where a withdrawal charge may not apply.
Automated Withdrawals
A scheduled stream of monthly, quarterly, or annual withdrawals that may be taken from specified Shield Options and/or the Fixed Account, or proportionally from all Shield Options and the Fixed Account, as allocated. Automated required minimum distributions (RMDs) are available in any contract year. Automated withdrawals for purposes other than RMDs are available after the first contract year and may be subject to withdrawal charges if they exceed the Free Withdrawal Amount in a contract year. Other restrictions apply.
PREMIUM PAYMENTS | |
---|---|
Flex premiums | Not available |
Maximum | $1,000,000 Higher Limits may be available with Home Office Approval |
Minimum | $25,000 |
Types of funds |
|
AGE RESTRICTIONS | |
Owner | 85 |
Annuitant | 85 |
Max. annuitization age | 90 |
Brighthouse Annuity Contact Information
- Address: 11225 North Community House Road Charlotte, NC 28277
- Website: Brighthousefinancial.com
- Brighthouse Annuity Login
Brighthouse Phone Numbers
Annuity customers:
All annuity products: (800) 882-1292
Group Annuities: (800) 560-5001
Life Insurance customers:
Brighthouse SmartCare Hybrid LTC: (800) 638-5000
Brighthouse SimplySelect Term policies: (800) 638-5000