- Nov 20, 2023
Brighthouse Financial Launches Suite of Fixed Indexed Annuities Designed to Meet Multiple Retirement Portfolio Needs
Safety from market loss, growth opportunities and income for life are among the features of Brighthouse SecureKey Fixed Indexed Annuities
CHARLOTTE, NC, November 20, 2023
Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today the launch of Brighthouse SecureKeySM Fixed Indexed Annuities, a suite of single premium deferred fixed indexed annuities that can help clients keep their plans for retirement on track by providing features and benefits designed to fill multiple needs in a portfolio.
Brighthouse SecureKey offers clients not only 100% protection1 for their purchase payment against market downturns, but also growth opportunities to help clients meet future retirement needs. Clients can choose to earn returns through Indexed Accounts2 that are linked to the performance of one or more well-known market indices. Alternatively, clients have the option of selecting the Fixed Account,3 which applies an annual guaranteed interest rate, should clients desire a more consistent method to grow their retirement funds.
Additionally, Brighthouse SecureKey offers ReadyPaySM, an optional guaranteed lifetime withdrawal benefit (GLWB) rider that can provide a reliable stream of guaranteed lifetime income4 for one or two lives. ReadyPay uses an Income Base5 to determine future income amounts. The Income Base, which initially equals the purchase payment, can capture annual growth through roll-ups or step-ups. ReadyPay ensures that clients will have a source of income that they cannot outlive, providing a measure of financial security during retirement.
To give clients further choice and flexibility, Brighthouse SecureKey is available in a five-, seven- and 10-year version, as well as an Advisory version, enabling clients to select the version that fits their specific retirement strategy and time horizon.
Other features and benefits of Brighthouse SecureKey include:
- No annual contract fees and a low GLWB rider fee.
- Increasing withdrawal rates with ReadyPay.
- Free withdrawals.6
- A death benefit.
- Tax-deferred growth opportunities.7
“With a balance between safety and the potential for market growth, Brighthouse SecureKey is an option that can be added to a portfolio that features multiple benefits designed to help clients turn their retirement goals into reality,” said Myles Lambert, chief distribution and marketing officer, Brighthouse Financial. “The launch of Brighthouse SecureKey further demonstrates our company’s ongoing commitment to developing products that respond directly to client needs in an ever-changing retirement landscape.”
About Brighthouse Financial, Inc.
Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) is on a mission to help people achieve financial security. As one of the largest providers of annuities and life insurance in the U.S.,8 we specialize in products designed to help people protect what they’ve earned and ensure it lasts. Learn more at brighthousefinancial.com.