An annuity can help you protect or grow your retirement savings, giving you confidence that you'll have the income you need to do more of what you love in retirement.

What are annuities?

Annuities are a type of financial product with many different options and features. Generally, annuities can help you save for retirement, offer protection against market downturns, and provide you with a steady stream of guaranteed income payments.

An annuity is a contract with an insurance company and can only be purchased through a financial professional.

Finding the right annuity for your financial goals starts by understanding the four main types, each of which has specific characteristics and offers some protection, either for the investments or even the income being paid, that can vary by the insurance company offering them:

  • Income annuities provide an immediate or future guaranteed stream of income payments.
  • Fixed annuities provide growth at a guaranteed interest rate with no risk of market loss.
  • Index-linked annuities allow you to select and participate in growth opportunities by tracking the performance of a market index like the S&P 500®,2 up to a certain percentage or cap rate, while offering a level of protection for a portion of your portfolio.
  • Variable annuities provide investment options you may choose from to potentially grow your retirement savings, depending on market performance. It may also offer other features (typically, for an additional fee) that can provide living benefits like guaranteed income for life.


Annuities can help address common concerns that today’s retirees face, such as:

  • Living longer - “Will I run out of money?”

    Some annuities may provide guaranteed income payments that you can’t outlive.

  • Unpredictable markets - “What will happen to my savings if there’s volatility?”

    Certain types of annuities can offer an element of protection for a portion of your portfolio.

  • Changes to traditional retirement income planning - “Without a pension, how else can I create a steady stream of income?”

    Some annuities can supplement other income sources such as Social Security to help cover everyday expenses in retirement.

  • Rising healthcare expenses - “Do I have enough to cover the cost of care for myself and my family in retirement?

    While your specific healthcare costs may be unpredictable, certain annuities can provide monthly income payments that may help with expenses not otherwise covered by insurance and Medicare.

Will You Have Enough Income in Retirement?

Try the Annuity Income Calculator

BHF® Annuity Products

Brighthouse Financial (BHF) offers a variety of annuities, two of which are:


Shield® Level Annuities

Shield annuities provide the opportunity to participate in market growth opportunities by tracking the performance, up to a Cap or Step Rate, of one or more market indices you choose while offering a level of downside protection – all with no annual fees.

Learn about Shield Annuities


Variable Annuities with FlexChoice Access

A Brighthouse Financial variable annuity with the optional FlexChoice Access living benefit rider lets you turn a portion of retirement savings into guaranteed income that lasts for life – with withdrawal rate options up to 6% and benefits for married couples.

Learn about FlexChoice Access

How to Buy a BHF Annuity

Annuity products from BHF® can only be purchased through a financial professional.
Some questions that can help you begin a conversation with your financial professionals are:3

  1. Do I have a diverse balance of income sources that’s right for the retirement I want?

  2. Will my essential expenses be covered with my current income sources, or could there be a gap I need to address?

  3. If an annuity is recommended for me, which type would complement my portfolio?

Don’t have a financial professional?

Access our resources on working with a financial professional


Brighthouse Financial® is on a mission to help people achieve financial security.

Trusted by over 2 million customers and with 2.5 million annuity contracts and life insurance policies in force, Brighthouse Financial® is proud to be a FORTUNE® 500 company and one of the largest providers of annuities and life insurance in the U.S.4

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