{"id":17636,"date":"2017-05-17T14:41:20","date_gmt":"2017-05-17T14:41:20","guid":{"rendered":"http:\/\/www.annuityfyi.com\/?p=17636"},"modified":"2023-02-14T19:20:48","modified_gmt":"2023-02-14T19:20:48","slug":"metlifes-brighthouse-financial-launches-first-annuity-product","status":"publish","type":"post","link":"https:\/\/www.annuityfyi.com\/blog\/2017\/05\/metlifes-brighthouse-financial-launches-first-annuity-product\/","title":{"rendered":"MetLife’s Brighthouse Financial Launches First Annuity Product"},"content":{"rendered":"

\"\"On Monday, the consumer life insurance and annuity unit from MetLife Inc., Brighthouse Financial, launched its first new product, a deferred annuity product. The performance of Shield Level 10 is tied to one of three investment indexes, according to a recent article from <\/a>Business Insider.<\/em> Last year, MetLife announced its plan to spin off its Brighthouse business, which is still awaiting regulatory approval. <\/span><\/p>\n

The index annuity will initially be distributed by Wells Fargo Advisors, a unit of Wells Fargo & Co. Shield Level 10 is part of a group of annuities previously sold under the MetLife name. It is designed, partially, to shield customers from the first 10% of index loss, Brighthouse claims. <\/span><\/p>\n

An annuity is an insurance product offering investors regular income payments, usually in exchange for a lump-sum investment. Payments from an indexed annuity are tied to a percentage of the gain of an investment index that tracks equities, like the S&P 500 index for example. At the time of the contract, a term is chosen, which is the number of years until the principal is guaranteed and the surrender period is finished. This deferred income annuity provides guaranteed lifetime income, similar to a pension, that begins at a future date.<\/span><\/p>\n

For more information about fixed indexed annuities, including some of our tip picks, visit our website at https:\/\/www.annuityfyi.com\/fixed-indexed-annuities\/. <\/a><\/p>\n

Written by Rachel Summit<\/a><\/p>\n

Follow Rachel, aka Finance Mama, on Twitter<\/a> and Google+<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On Monday, the consumer life insurance and annuity unit from MetLife Inc., Brighthouse Financial, launched its first new product, a deferred annuity product. The performance of Shield Level 10 is tied to one of three investment indexes, according to a recent article from Business Insider. … <\/p>\n

Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":17637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34,55,106,17,219],"tags":[33,54,105,635,324],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/17636"}],"collection":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/comments?post=17636"}],"version-history":[{"count":1,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/17636\/revisions"}],"predecessor-version":[{"id":24980,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/17636\/revisions\/24980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/media\/17637"}],"wp:attachment":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/media?parent=17636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/categories?post=17636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/tags?post=17636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}