Shield Annuities | Brighthouse Financial
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As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife.

Shield Annuities

Planning for retirement should mean pursuing the things you’re passionate about and worrying less about market volatility. A Shield® annuity from Brighthouse Financial allows you to maintain a level of protection in down markets – while taking advantage of growth opportunities in up markets. Shield is designed to provide some stability in an unpredictable endeavor — investing. See why Shield Annuities are a Barron’s best 3 years in a row.

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Come along for a scenic journey that explains how Shield works

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Protect retirement assets

A Brighthouse Shield℠ Annuity is designed to provide a level of protection that ensures losses are limited when markets inevitably turn volatile.

Piggy Bank
Participate in growth opportunities

With a Shield annuity, balance is built-in. This means that even with the level of protection it provides, you can still take advantage of growth opportunities in the market.

Pay no annual fees

Unlike many financial products, you pay no annual fees¹ with a Shield annuity.

How Shield Works

Choose Options to Best Fit Your Goals
Shield is an index-linked annuity. Index-linked annuities provide the opportunity to participate in the market’s growth potential by tracking a market index, rather than investing directly in a chosen index or indices.

A Shield annuity comes with options that can be combined to fit different goals.
Each Shield Option is a combination of:

  • Your selected index or indices
  • Shield Rate – level of protection
  • Cap Rate or Step Rate – determined growth opportunities
  • Term – how long you want to invest. Term lengths are available on the fact card.

Select an Index or Indices
Our index choices are diversified among large-cap, small-cap, and international stocks:

  • S&P 500 ® Index A
  • Russell 2000 ® Index B
  • MSCI EAFE Index C

Choose a Level of Protection
Shield helps you stay invested – no matter how markets perform. Through a built-in level of protection called the Shield Rate, Shield protects account assets from some of the losses that can derail portfolio performance.

At the end of each term, the annuity’s account value will be reduced only by the amount that exceeds the level of protection. 2 For example, if you chose to protect 10% of your account value and the selected index dropped by 15%, you would experience only a 5% loss. At the end of the term, you can choose one or more Shield Options or remain in your current choices. 3

Participate in Growth Opportunities
Take advantage of the growth opportunities equity markets offer through one of the following:

  • The Cap Rate is the maximum growth that can be earned for the term.
  • The Step Rate locks in pre-determined growth if the chosen index is flat or up for the term.

Set a Term
Shield is an index-linked annuity, which doesn’t invest directly in the index but rather tracks its performance. You choose a term, which is how long you want to invest. We’ll compare the index value at the beginning and end of each term and factor in the selected level of protection and Cap Rate or Step Rate. This will result in a new account value. At the end of the term, you may keep your current investment allocation or adjust it.

How to Buy a Shield Annuity

Shield annuities are purchased through your licensed financial professional.

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Shield in Action

Using Jack and Kristin as an example, let’s take a look at how a Shield annuity can help you protect a level of what you’ve worked so hard to save, while still allowing for growth opportunities.


Questions to Ask a Financial Advisor:

  1. Does a Shield annuity fit my needs?

  2. What percentage of my retirement assets should I invest in a Shield annuity?

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

  4. How have the indices Shield tracks performed in the past?

  5. Can I split my investment between more than one index?

How to Buy a Shield Annuity

Our products can only be purchased through a financial professional.

Use our product brochure to talk with your financial professional about purchasing a Shield Annuity.

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