1 Shield 100 Shield Options are not available in CA, NY, or TX. Fixed account may not be available in all states.
2 In the prospectus, the level(s) of protection is referred to as “Shield Rate.”
3 After the initial term (1-, 3-, or 6-years), renewal rates are applicable on the corresponding contract anniversary for the new term. Renewal rates and available Shield Options may differ from new business rates and options. Brighthouse reserves the right to substitute any index at any time.
Approved for sale in all states except: AK and OR
Shield 100 Shield Options are not available in CA, NY, or TX.
The 25% level of protection, NASDAQ-100 Index, and Bloomberg Commodity Index and six-year term are not available with the Brighthouse Shield Level Selector 3-Year Annuity.
A. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by affiliates of Brighthouse Financial, Inc. including Brighthouse Services, LLC, Brighthouse Life Insurance Company, and Brighthouse Life Insurance Company of NY (collectively, “Brighthouse Financial”). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Brighthouse Financial. Brighthouse Shield Level SelectorSM and Brighthouse Shield Level SelectorSM 3-Year Annuities are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.
B. The Russell 2000®Index is a trademark of Russell Investments and has been licensed for use by affiliates of Brighthouse Financial, Inc. including Brighthouse Services, LLC, Brighthouse Life Insurance Company, and Brighthouse Life Insurance Company of NY (collectively, “Brighthouse Financial”). The Brighthouse Shield Level SelectorSM Annuity and Brighthouse Shield Level SelectorSM 3-Year Annuity are not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in the Brighthouse Shield Level SelectorSM Annuity or Brighthouse Shield Level SelectorSM 3-Year Annuity.
C. Nasdaq®, OMX™, and NASDAQ-100 Index®, are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by affiliates of Brighthouse Financial, Inc. including Brighthouse Services, LLC, Brighthouse Life Insurance Company, and Brighthouse Life Insurance Company of NY (collectively, “Brighthouse Financial”). The Brighthouse Shield Level SelectorSM Annuity has not been passed on by the Corporations as to its legality or suitability. The Brighthouse Shield Level SelectorSM Annuity is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE BRIGHTHOUSE SHIELD LEVEL SELECTORSM ANNUITY.
D. The Brighthouse Shield Level SelectorSM Annuity and Brighthouse Shield Level SelectorSM 3-Year Annuity are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such products or securities or any index on which such products or securities are based. The Brighthouse Shield Level SelectorSM and Brighthouse Shield Level SelectorSM 3-Year Prospectuses contain a more detailed description of the limited relationship MSCI has with affiliates of Brighthouse Financial, Inc. including Brighthouse Services, LLC, Brighthouse Life Insurance Company, and Brighthouse Life Insurance Company of NY (collectively, “Brighthouse Financial”) and any related products.
E. “Bloomberg®” and “Bloomberg Commodity IndexSM” are service marks of Bloomberg Finance L.P. and its affiliates (collectively, “Bloomberg”) and have been licensed for use for certain purposes by affiliates of Brighthouse Financial, Inc. including Brighthouse Services, LLC, Brighthouse Life Insurance Company, and Brighthouse Life Insurance Company of NY (collectively, “Brighthouse Financial”). Neither Bloomberg nor UBS Securities LLC and its affiliates (collectively, “UBS”) are affiliated with Brighthouse Financial, and Bloomberg and UBS do not approve, endorse, review, or recommend Brighthouse Shield Level SelectorSM. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM.
The prospectuses for the Brighthouse Shield Level SelectorSM and Brighthouse Shield Level SelectorSM 3-Year annuities issued by a Brighthouse Financial insurance company (Brighthouse Financial) are available from Brighthouse Financial. The contract prospectuses contain information about the contract’s features, risks, charges and expenses. Clients should read the prospectus and consider this information carefully before investing. Product availability and features may vary by state. Please refer to the contract prospectus for more complete details regarding the optional Return of Premium Death Benefit. Brighthouse Financial reserves the right to substitute any index at any time.
Brighthouse Shield Level Selector and Brighthouse Shield Level Selector 3-Year are long-term investments designed for retirement purposes and have limitations, exclusions, charges, termination provisions and terms for keeping them in force. There is a risk of substantial loss of principal for losses beyond the Shield Rate your clients select, because your clients agree to absorb all losses that exceed their chosen Shield Rate. Please refer to “Risk Factors” in the contract prospectus for more details. All contract guarantees, including the optional death benefit 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 and the underwriter do not back the financial strength of the broker/dealer or its affiliates.
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.
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.
Brighthouse Shield Level Selector and Brighthouse Shield Level Selector 3-Year Single Premium Deferred Annuities are issued by Brighthouse Life Insurance Company on Policy Form L-22494 (09/12) and in New York, only by Brighthouse Life Insurance Company of NY on Policy Form ML-22494 (09/12) (collectively and singly, “Brighthouse Financial”). These products are distributed by Brighthouse Securities, LLC (member FINRA). All are Brighthouse Financial companies.
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