Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

Brighthouse Financial Expands Shield Annuity Family


In an effort to focus on simplicity, transparency and value in product design, Brighthouse Financial has announced an expansion to its flagship Shield annuity family. The major provider of U.S. annuity and life insurance solutions has made available Brighthouse Shield Level Select℠ 3-Year and 6-Year Annuities and the Brighthouse Shield Level Select℠ Access Annuity, offering a broader range of solutions for more advisors and customers, according to a recent press release.

The Shield Annuities suite is designed to help clients take advantage of growth opportunities in equity markets while providing protection in down markets. Clients have an opportunity to earn returns up to the contract’s Cap Rate or Step Rate, with the promise of protection against downside in index loss up to the contract’s Shield Rate. The first product launched in the Shield family, Shield Level Selector℠, was recently included in the 2017 Barron’s Top 50 Annuities in the “Annuities for Tax-Deferred Investing” category.

In order to make the experience of purchasing an annuity, a complex product by nature, as simple as possible, the new Brighthouse Shield Level Select 3-Year and Shield Level 6-Year Annuities streamline product options down to the ones most utilized by customers. They offer no annual fee, a three or six year surrender charge schedule, and a standard Return of Premium Death Benefit, adding a layer of security.

The new Shield Level Select Access Annuity was designed to meet the needs of fee-based advisors who are interested in offering an annuity solution as part of their practice. Shield Level Access has no surrender charges and provides consumers with the ability to access their money early on if necessary. There are no annual product fees, however the consumer will pay a fee an advisory service fee.

“The Shield suite offers a powerful combination of market participation and protection,” said Myles Lambert, Chief Distribution and Marketing Officer at Brighthouse Financial. “We are pleased with the positive market response to our Shield Annuities, and believe the updates we are announcing today will deliver even greater simplicity, transparency and value for financial advisors and the customers they serve.”

Brighthouse Financial recently completed its separation from MetLife, Inc. on August 4, 2017 and is now an independent, publicly-traded company of the Nasdaq Stock Market under the symbol “BHF.” Recent sales remained strong with a reported $570 million in the second quarter of 2017. This is a 28% increase year-over-year, making year-to-date sales of Shield annuities to more than $1 billion.

The Brighthouse Shield Level Select 3-Year and 6-Year Annuities are immediately available, as is the Brighthouse Shield Level Select Access Annuity.

Written by Rachel Summit

Follow Rachel, aka Finance Mama, on Twitter and Google+

For more information about the product mentioned in this article contact us here:

Newest Blog Posts

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help. For the fastest response, please select 'Phone' as your Contact Preference.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).