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Brighthouse Financial Annuity Ratings & Review (2023)

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    Brighthouse Financial Life Insurance Company

    Brighthouse Financial is consistently one of the top annuity providers in the United States. Established by MetLife, they are on a mission to help people achieve financial security. They specialize in products that play an essential role in helping people protect what they’ve earned and ensure it lasts.

    Insurance Company Profile

    Website: https://www.brighthousefinancial.com/
    Address: 11225 North Community House Road
    Charlotte, NC 28277

    Group Affiliation: Brighthouse Holdings Group
    State of Domicile: Delaware
    NAIC Company Code: 87726
    Year Founded: 1863

    Assets and Liabilities

    Assets: $77,043,284,997

    Liabilities: $69,665,973,880

    Capital and Surplus: $7,762,663,190

    Assets to Liability Ratio: 110.59%

    Brighthouse Financial Ratings

    Brighthouse Financial is rated A by AM Best and Fitch and also boast an A3 Moody’s rating and an A+ rating from Standard and Poor’s. 

    A.M. Best
    A (3rd of 15 ratings)
    Standard & Poor's
    A+ (5th of 20 ratings)
    Moody's
    A3 (5th of 21 ratings)

    Brighthouse Financial Annuities

    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 premiumsNot available
    Maximum$1,000,000 Higher Limits may be available with Home Office Approval
    Minimum
    $50,000
    Types of funds
    • Non-Qualified
    • IRA
    • IRA Rollover
    • Inherited IRA
    AGE RESTRICTIONS
    Owner
    18 – 80
    Annuitant
    18 – 80

    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

    Brighthouse Shield Level Select RILA – Download Brochure

    Brighthouse Shield’s Level Select 6-Year Annuity is a long-term contract intended for retirement or other long-term investment purposes. It uses a portion of retirement assets to help take advantage of market growth opportunities with the assurance of a level of downside protection other investment options may not provide. A Shield annuity is an index-linked annuity that doesn’t invest directly in the chosen index or indices, but rather tracks their performance. 

    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 premiumsNot available
    Maximum$1,000,000 Higher Limits may be available with Home Office Approval
    Minimum
    $25,000
    Types of funds
    • Non-Qualified
    • 401k
    • IRA
    • 401a
    • TSA 403b
    • SEP IRA
    • IRA-Roth
    • SIMPLE IRA
    • 457 plan
    AGE RESTRICTIONS
    Owner
    85
    Annuitant
    85
    Max. annuitization age
    90

    Get a Brighthouse Annuity Quote

    Complete the form below and we’ll email your annuity quote within four business hours. For more immediate assistance you can reach us at 855-583-1104, or use our annuity rates calculator.

    Brighthouse Financial Contact Information

    Phone Numbers:

     
    Brighthouse Financial Annuity Customer Phone Numbers:

    • 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

    Financial Data for the year ending December 31, 2021. Assets and Liabilities totals do not include amounts allocated to Separate Accounts. All ratings shown are current as of May 16, 2022.

    Brighthouse Financial® and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company.

    Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC 28277, and, in New York only, by Brighthouse Life Insurance Company of NY, New York, NY 10017 (“Brighthouse Financial”). Variable products are distributed by Brighthouse Securities, LLC (member FINRA). All are Brighthouse Financial affiliated companies.

    In this material, the terms “advisor” and “financial advisor” are used as general references to licensed insurance professionals and are not intended to indicate whether the licensed insurance professional is a Registered Investment Advisor or is otherwise authorized under the law to provide financial advice.

    Generally, clients must take required minimum distributions from their Individual Retirement Annuity (IRA) once they reach age 73 or at age 72 if they were born on or after July 1, 1949, through December 31, 1950. Clients should seek advice from a qualified tax professional for complete details.

     

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