- Aug 14, 2017
Brighthouse Financial Expands and Enhances Shield Portfolio with Launch of Streamlined Index-Linked Annuities
Builds on Shield success with Brighthouse Shield Level Select℠ 3-Year and 6-Year Annuities; Launches first fee-based Shield product with Brighthouse Shield Level Select℠ Access Annuity.
Charlotte, NC, August 14, 2017
Brighthouse Financial (Nasdaq: BHF), a major provider of annuity and life insurance solutions in the United States, announced today updates to its flagship Shield annuity family with the availability of the Brighthouse Shield Level SelectSM 3-Year and 6-Year Annuities and the Brighthouse Shield Level SelectSM Access Annuity. The portfolio expansion, which reflects the company’s focus on simplicity, transparency
Brighthouse Shield Annuities are designed to help clients take advantage of growth opportunities in equity markets through
The new Brighthouse Shield Level Select 3-Year and Shield Level Select 6-Year Annuities simplify the experience of purchasing an annuity by streamlining product options down to those most utilized by customers. The updated products feature no annual fee, offer a three or
The company also announced the availability of the Brighthouse Shield Level Select Access Annuity, a simplified Shield product designed to meet the needs of fee-based advisors who would like to offer annuity solutions as part of their practice. Shield Level Access has no surrender charges, providing consumers with the flexibility to access their money early if needed. The annuity has no annual product fees, although the consumer will pay a fee to the advisor for advisory services.
“The Shield suite offers a powerful combination of market participation and protection,” commented Myles Lambert, Chief Distribution and Marketing Officer, 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 reported that sales of its Shield portfolio remained strong in the second quarter of 2017 at $570 million, up 28 percent year-over-year, bringing year-to-date sales of Shield annuities to more than $1 billion. The company completed its separation from MetLife, Inc. on August 4,
The announced additions to the Shield portfolio are the latest since the May launch of the Shield Level 10SM Annuity, an index-linked, single premium deferred annuity distributed initially by Wells Fargo Advisors.
The Brighthouse Shield Level Select 3-Year and 6-Year Annuities
For detailed information, please see the product prospectuses at /products/annuities/shield-annuities/.
About Brighthouse Financial
Brighthouse Financial (Nasdaq: BHF) is a major provider of annuities and life insurance in the U.S. with over 2.7 million annuity contracts and insurance policies in-force as of June 30, 2017. Established by MetLife, our mission is to help people achieve financial security by offering essential annuity and life insurance solutions designed to protect what they have earned and