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document should not be construed as such. Clients should confer with
their qualified legal, tax and accounting advisors as appropriate.
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Get guaranteed growth and protection for your retirement savings.
A fixed annuity can be a good way to protect a portion of your retirement savings while earning guaranteed growth year after year. With the Fixed Annuity FA, there's no need to worry about market volatility because your savings aren’t exposed to the markets.
With a Fixed Annuity FA you can get guarantees and protection on your terms.
Keep More with Tax Deferral¹ Earnings from investments or bank accounts, such as stocks, mutual funds, or savings accounts, are usually taxable. Because the Fixed Annuity FA is tax deferred, you don’t pay taxes on interest earned until you make a withdrawal. In the meantime, your assets earn interest, your interest earns interest, and the money you would have paid to taxes earns interest.
Choice of Guarantee Periods and Renewal Options2 You choose the Guarantee Period (5, 7 or 103 years) that best fits your needs. Once the period ends, you can renew it or choose a different period and take advantage of other options.
Retain Access to Your Assets Unexpected needs arise, which is why you can withdraw portions of your account value. A withdrawal charge and a limited Market Value Adjustment (MVA) may apply.4 Under special circumstances, you can access your assets without a withdrawal charge or an MVA.5
Legacy Planning Make sure that when you pass away, your beneficiaries receive the full account value with no withdrawal charge or Market Value Adjustment. If your spouse is your primary beneficiary, he or she can choose to assume ownership of the annuity.
Guaranteed Income Turn your assets into a steady stream of income payments that will last for as long as you want, or as long as you live. This income is guaranteed to remain the same, even if the market declines.6
With a Fixed Annuity FA, there are no purchasing fees or annual charges. In exchange for your purchase payment and after the selected Guarantee Period you’ll then receive your money back, plus the guaranteed interest rate that was available at purchase or renewal.
1 If you’re buying an annuity to fund a qualified retirement plan or IRA, you should do so for the annuity’s features and benefits other than tax deferral. That’s because tax deferral is not an additional benefit of the annuity. References throughout this material to tax advantages, such as tax deferral and tax-free transfers, are subject to this consideration. In addition, non-qualified annuity contracts owned by corporations do not receive tax deferral on earnings. If your annuity funds an IRA, there are amounts you may be required to withdraw from this account after age 70½ under the IRS required minimum distribution rules (which include free withdrawals already taken in the current contract year).
2 The Contract will automatically renew to the 3-year Guarantee Period, unless otherwise notified. Alaska and New Jersey will renew for a 1-year Guarantee Period with no withdrawal charge.
3 The 10-year option is not available in New York
4 A limited Market Value Adjustment (MVA) will apply to all withdrawals in excess of the “free withdrawal amount” during the entire Guarantee Period and to annuitizations (except in each case during the 30-day period at the start of a renewal Guarantee Period). The MVA may be either positive or negative depending on the relationship between the current market interest rate and the interest rate in effect during the Guarantee Period. Generally, a decrease in market interest rates may result in a somewhat higher net amount payable upon withdrawal; rising interest rates may result in a somewhat lower net payment.
5 Nursing Home Waiver applies if you become confined to a nursing home and/or hospital for 90 consecutive days or more. The Terminal Illness Waiver applies if you are diagnosed with a terminal illness, with a life expectancy of 12 months or less.
6 Cash refund currently available but not listed in contract.
This product is a long-term investment designed for retirement purposes. Product availability and features may vary by state or firm.
Brighthouse Financial fixed annuities, like all annuities, are insurance products and are not insured by the FDIC, the NCUSIF, or any other government agency, nor are they guaranteed by, or the obligation of, the financial institution that sells them. All product guarantees are based on the claims-paying ability and financial strength of the issuing insurance company. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased, or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability and financial strength of the issuing insurance company. Similarly, the issuing insurance company and the underwriter do not back the financial strength of the broker/dealer or its affiliates.
Brighthouse Financial fixed annuities have limitations, exclusions, charges, termination provisions, and terms for keeping them in force. Please contact your financial professional for complete details.
Withdrawals of taxable amounts are subject to ordinary income tax, and if made before age 59½, may be subject to a 10% federal income tax penalty. Some broker/dealers and financial professionals may refer to the 10% federal income tax penalty as an “additional tax” or “additional income tax,” or use the terms interchangeably when discussing withdrawals taken prior to age 59½. Distributions of taxable amounts from a non-qualified annuity may also be subject to the 3.8% Unearned Income Medicare Contribution tax that is generally imposed on interest, dividends, and annuity income if your modified adjusted gross income exceeds the applicable threshold amount.
Withdrawals will reduce the living and death benefits and account value. Withdrawals may be subject to withdrawal charges. The tax effects suggested reflect our current understanding of federal tax laws and relate to tax information of a generalized nature.
Any discussion of taxes is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax, or accounting advice. Clients should confer with their qualified legal, tax, and accounting advisors as appropriate.
Fixed Annuity FA is issued by Brighthouse Life Insurance Company on Policy Form 8210 (01/02) and in New York, by Brighthouse Life Insurance Company of NY on Policy Form 6210 (01/02). Both are Brighthouse Financial companies.