Brighthouse Annuity Ratings & Review

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

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