1 Guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.
2 The Cash Out Option is an optional feature that must be elected at contract issue and subject to Internal Revenue Code limitations. Not available for a Qualified Longevity Annuity Contract (QLAC). Your lifetime income payments will be lower with this option than they would be without it.
3 A QLAC does not make available any commutation benefit, cash surrender right, or other similar feature. An individual’s purchase payment to a QLAC IRA may not exceed the lesser of (i) $135,000, less the sum of all the individual’s previous QLAC purchase payments, and (ii) 25% of the sum of the previous year-end fair market values of all the individual’s IRAs (including IRA QLACs, but excluding Roth IRAs), less the sum of all the individual’s previous QLAC IRA purchase payments.
The Brighthouse Guaranteed Income Builder deferred income annuity is an insurance product and not insured by the FDIC, the NCUSIF, or any other government agency, nor is it guaranteed by, or the obligation of, the financial institution that sells it. All contract guarantees and annuity payout rates are subject to 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 does not back the financial strength of the broker/dealer or any of its affiliates.
Like most annuities, the Brighthouse Guaranteed Income Builder deferred income annuity has charges, termination provisions, and terms for keeping it in force. Please contact your financial professional for complete details.
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 professionals as appropriate.
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.
The Brighthouse Guaranteed Income Builder® deferred income annuity is issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC 28277, on Policy Form 6-1000-1 (05/14) (“Brighthouse Financial”). Product availability and features may vary by state or firm. This product is not available in New York.
