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Learn about Shield Level Pay Plus Annuities, offering guaranteed income that lasts for life
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Shield Level Pay Plus®
Annuities

 

Shield Level Pay Plus Annuities are index-linked annuities that offer market growth opportunities coupled with a level of downside protection and, when you’re ready, guaranteed income that lasts for life.1

Shield Level Pay Plus Annuities include Shield Level Pay Plus® Annuity, Shield Level Pay Plus® II Annuity, Shield Level Pay Plus® Advisory Annuity, and Shield Level Pay Plus® II Advisory Annuity.



Can a Shield Level Pay Plus Annuity Help Your Plans for Retirement?

See how this product helped Carmen reach her retirement income goals.

Carmen’s Journey


Help strengthen your retirement portfolio with a Shield Level Pay Plus Annuity.
Permanent source of retirement income
Permanent source of retirement income

Enjoy guaranteed lifetime income with the opportunity to increase your withdrawal rate the longer you wait to begin payments.2

Protection with growth opportunities
Protection with growth opportunities

With a Shield Level Pay Plus Annuity, balance is built in by combining a level of downside protection with opportunities to participate in market growth.3

Priced to maximize investment
Priced to maximize investment

Put more of your money to work with a lower fee than some traditional variable annuities that have an income rider.

Guaranteed lifetime income depends upon staying within the parameters of the rider.

How It Works

Understand the importance of guaranteed lifetime income

Today’s retirees face unique challenges when saving and planning for retirement income. A strong retirement portfolio may include an income stream you can rely on – no matter how the market behaves.

1. Balance growth opportunities with a level of protection
Shield Level Pay Plus Annuities give you access to the growth potential offered by equities while providing a level of protection against market volatility that can drag down the value of your portfolio.

2. Choose a version of our income rider
Our income rider features two versions – Market Growth and Market Growth with Rollup – that let you decide how you want your Benefit Base to build value.4,5 Both versions feature withdrawal rates that can help you make the most of your retirement. See the Product Brochure for detailed rider information.

Are you a financial professional? View related materials created for financial professionals.

Additional Information
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Guaranteed Income Helps Overcome Retirement Concerns
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Your Guide to Guaranteed Income
Quiz
How Much Do You Know About Retirement Income?

Take the Next Step

Talk to your financial professional to find out if a Shield Level Pay Plus Annuity is right for a portion of your portfolio and to learn more about purchasing this product.

Here are some questions to help you start the conversation:

  1. Does a Shield Level Pay Plus Annuity fit my needs?

  2. What if I need to use the money for something else before my term is over?

  3. What percentage of my retirement assets should I invest in a Shield Level Pay Plus Annuity?

  4. How have the indices a Shield Level Pay Plus Annuity tracks performed in the past?6

  5. Which version of the income rider may be best for my needs?

Take a look at a short video that describes how each of our rate crediting types can provide growth opportunities.

Watch the Video Now

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This Brighthouse Financial product can only be purchased through a licensed financial professional.

Don’t have a financial professional? Learn more about working with a financial professional.

Brighthouse Financial Logo

Trusted by more than 2 million customers and with over 2 million annuity contracts and life insurance policies in force,* Brighthouse Financial® is one of the largest providers of annuities and life insurance in the U.S.**

* Data as of March 31, 2024.

** Ranked by 2023 admitted assets. Best’s Review®: Top 200 U.S. Life/Health Insurers. AM Best, 2024.

1 Guaranteed lifetime income depends upon staying within the parameters of the rider.

2 Early or excess withdrawals may affect the amount or ability to receive lifetime income. All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company. If the account value reduces to zero due to a non-excess withdrawal, or if there are insufficient funds to deduct the rider charge, lifetime income payments will be calculated using the applicable lifetime guarantee rate. If the account value is reduced to zero due to early or excess withdrawals, lifetime income payments will not be received.

3 Shield Level Pay Plus Annuities are index-linked annuities, which means they track the performance of one or more market indices and do not invest directly in the markets.

4 The income rider is referred to as the Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider in the prospectus.

5 Benefit Base is referred to as the GLWB Base in the prospectus. The Benefit Base cannot be withdrawn as a lump sum or paid as a death benefit and is not an amount guaranteed to be returned if the contract owner surrenders the contract. See the prospectus for more details.

6 Past performance does not guarantee future results.

This material is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax, accounting, investment, or fiduciary advice. Brighthouse Financial and its affiliates did not consider any individual’s circumstances in preparing this information. Clients should confer with their tax, legal, and accounting professionals in addition to consulting with a financial professional.

All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations.

Brighthouse Shield Level Pay Plus® Annuity, Brighthouse Shield Level Pay Plus® II Annuity, Brighthouse Shield Level Pay Plus® Advisory Annuity, and Brighthouse Shield Level Pay Plus® II Advisory Annuity, collectively referred to as “Shield Level Pay Plus® Annuities” or “Shield Level Pay Plus® II Annuities,” are part of the Brighthouse Financial® suite of single premium deferred index-linked annuity products referred to as “Shield® Level Annuities Product Suite” or “Shield® Level Suite Annuities.”

Brighthouse Shield Level Pay Plus® Annuity and Brighthouse Shield Level Pay Plus® Advisory Annuity are index-linked annuities issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC 28277, on Policy Form L-22494 (09/12)-AV (“Brighthouse Financial”). Brighthouse Shield Level Pay Plus® II Annuity and Brighthouse Shield Level Pay Plus® II Advisory Annuity are index-linked annuities issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC 28277, on Policy Form 5-213-1 (07/24). These products are distributed by Brighthouse Securities, LLC (member FINRA). All are Brighthouse Financial affiliated companies. The contract prospectuses and contracts contain information about each contract’s features, risks, charges, expenses, exclusions, limitations, termination provisions, and terms for keeping the contract in force. Prospectuses and complete details about each contract are available from a financial professional and should be read carefully. Product availability and features may vary by state or firm. These products are not available in New York.