Brighthouse Monetary Launches Suite of Fastened Listed Annuities Designed to Meet A number of Retirement Portfolio Wants
CHARLOTTE, N.C., November 20, 2023–(BUSINESS WIRE)–Brighthouse Monetary, Inc. (“Brighthouse Monetary” or the “firm”) (Nasdaq: BHF) introduced as we speak the launch of Brighthouse SecureKey Fastened Listed Annuities, a collection of single premium deferred fastened listed annuities that may assist shoppers hold their plans for retirement on observe by offering options and advantages designed to fill a number of wants in a portfolio.
Brighthouse SecureKey presents shoppers not solely 100% safety1 for his or her buy fee towards market downturns, but additionally progress alternatives to assist shoppers meet future retirement wants. Shoppers can select to earn returns by way of Listed Accounts2 which can be linked to the efficiency of a number of well-known market indices. Alternatively, shoppers have the choice of choosing the Fastened Account,3 which applies an annual assured rate of interest, ought to shoppers need a extra constant methodology to develop their retirement funds.
Moreover, Brighthouse SecureKey presents ReadyPaySMan optionally available assured lifetime withdrawal profit (GLWB) rider that may present a dependable stream of assured lifetime revenue4 for one or two lives. ReadyPay makes use of an Earnings Base5 to find out future revenue quantities. The Earnings Base, which initially equals the acquisition fee, can seize annual progress by way of roll-ups or step-ups. ReadyPay ensures that shoppers may have a supply of revenue that they can’t outlive, offering a measure of monetary safety throughout retirement.
To provide shoppers additional alternative and adaptability, Brighthouse SecureKey is out there in a five-, seven- and 10-year model, in addition to an Advisory model, enabling shoppers to pick out the model that matches their particular retirement technique and time horizon.
Different options and advantages of Brighthouse SecureKey embrace:
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No annual contract charges and a low GLWB rider payment.
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Growing withdrawal charges with ReadyPay.
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Free withdrawals.6
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A demise profit.
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Tax-deferred progress alternatives.7
“With a steadiness between security and the potential for market progress, Brighthouse SecureKey is an possibility that may be added to a portfolio that options a number of advantages designed to assist shoppers flip their retirement objectives into actuality,” stated Myles Lambert, chief distribution and advertising officer, Brighthouse Monetary. “The launch of Brighthouse SecureKey additional demonstrates our firm’s ongoing dedication to creating merchandise that reply on to shopper wants in an ever-changing retirement panorama.”
Click on right here for extra details about Brighthouse SecureKey Fastened Listed Annuities. Extra details about Brighthouse Monetary is out there at brighthousefinancial.com.
About Brighthouse Monetary, Inc.
Brighthouse Monetary, Inc. (Brighthouse Monetary) (Nasdaq: BHF) is on a mission to assist individuals obtain monetary safety. As one of many largest suppliers of annuities and life insurance coverage within the U.S.,8 we specialise in merchandise designed to assist individuals defend what they’ve earned and guarantee it lasts. Be taught extra at brighthousefinancial.com.
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1 The acquisition fee will likely be diminished by withdrawals, which can be topic to withdrawal fees and a Market Worth Adjustment if relevant. All ensures are topic to the claims-paying means and monetary energy of Brighthouse Life Insurance coverage Firm. |
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2 Brighthouse SecureKey doesn’t make investments immediately within the markets. Buy fee quantities allotted to an Listed Account observe the efficiency of a market index and will take part in progress alternatives in accordance with the relevant crediting technique. |
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3 The preliminary Fastened Account rate of interest will likely be assured for the size of the withdrawal cost interval. After the withdrawal cost interval, a brand new Fastened Account rate of interest will likely be declared yearly. Minimal allocation to any Listed Account or Fastened Account is $500. Availability of the Fastened Account could fluctuate by state and could also be topic to restrictions. |
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4 The phrases “revenue” and “assured lifetime revenue” discuss with any revenue withdrawals below the rider, together with any revenue withdrawals a shopper would obtain below the rider if their account worth reduces to zero. If the account worth reduces to zero previous to the revenue begin date, the shopper can elect to obtain revenue for one or two lives primarily based on the relevant lifetime assure charge. Situations could apply when electing Joint Life. Assured lifetime revenue relies upon upon staying inside the parameters of the rider. |
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5 The Earnings Base could also be diminished by non-income withdrawals. The Earnings Base can’t be withdrawn as a lump sum or paid as a demise profit and isn’t the quantity that’s assured to be returned if the contract is surrendered. See the contract for extra particulars. |
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6 Withdrawals in extra of the Free Withdrawal Quantity could also be topic to withdrawal fees and a Market Worth Adjustment if relevant. |
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7 Shopping for an annuity to fund a professional retirement plan or IRA ought to be performed for the annuity’s options and advantages apart from tax deferral. Tax deferral is mostly a characteristic of a professional retirement plan or IRA, so an annuity wouldn’t present a further tax deferral profit. References all through this materials to tax benefits, resembling tax deferral and tax-free transfers, are topic to this consideration. The product described on this materials just isn’t made accessible to employer-sponsored certified retirement plans. For non-qualified annuities, tax deferral just isn’t accessible to firms and sure different entities. |
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8 Ranked by 2022 admitted belongings. Greatest’s Overview®: High 200 U.S. Life/Well being Insurers. AM Greatest, 2023. |
Brighthouse SecureKey Fastened Listed Annuities are insurance coverage merchandise and usually are not insured by the FDIC, the NCUSIF, or every other authorities company, nor are they assured by, or the duty of, the monetary establishment that sells them. All contract ensures and annuity payout charges are topic to the claims-paying means and monetary energy of the issuing insurance coverage firm. They don’t seem to be backed by the dealer/seller from which they’re bought, by the insurance coverage company from which this annuity is bought, or any associates of these entities, and none makes any representations or ensures concerning the claims-paying means and monetary energy of the issuing insurance coverage firm. Equally, the issuing insurance coverage firm doesn’t again the monetary energy of the dealer/seller or any of its associates.
Brighthouse SecureKeySM 5-Yr Fastened Listed Annuity, Brighthouse SecureKey SM 7-Yr Fastened Listed Annuity, Brighthouse SecureKeySM 10-Yr Fastened Listed Annuity, and Brighthouse SecureKeySM Advisory Fastened Listed Annuity, collectively known as the suite of “Brighthouse SecureKeySM Fastened Listed Annuities,” are issued by, and product ensures are solely the accountability of, Brighthouse Life Insurance coverage Firm, Charlotte, NC 28277, on Coverage Varieties ICC23-5-311-2 and 5-311-2 (01/23) (“Brighthouse Monetary”). Product availability and options could fluctuate by state or agency. These merchandise usually are not accessible in New York.
Brighthouse Monetary® and its design are registered emblems of Brighthouse Monetary, Inc. and/or its associates.
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Contacts
FOR MEDIA
Deon Roberts
(980) 949-3071
deon.roberts@brighthousefinancial.com
