Income Annuity
A Brighthouse Income Annuity can put your clients in control of their future by offering:
- Immediate and stable income
- Customizable income payment
- Protection from rising costs and unexpected events
How It Works
A Brighthouse Income Annuity is a single premium immediate annuity, which means clients can turn a portion of their retirement assets into a stream of immediate income. Fluctuations in the market will have no effect on their income payments, meaning there is no market risk.
Whether a client wants the highest immediate income option available, a legacy for loved ones, or retirement income streams for themselves or them and another person, a Brighthouse Income Annuity may be right for them.
A Brighthouse Income Annuity offers flexibilty through two options:
- The Increasing Income Option provides a hedge against inflation through an annual increase in income1
- The Early Access Option allows access to a portion of future income, taken as a partial withdrawal, during the Liquidity Period2,3
Resources
Explore these resources and product materials to help you have deeper conversations with your clients.
1 The Increasing Income Option is available for contracts where each owner is at least 59½ at the time of contract issue and is available on both qualified and non-qualified contracts. This option must be elected at the time of purchase, and once chosen, it cannot be changed or cancelled. It will continue until the end of the contract. Initial income payments will be lower than if the option had not been selected.
2 The Early Access Option may not be available in all states.
3 The Early Access Option is available for contracts where each owner is at least 59½ at the time of contract issue and is available on both qualified and non-qualified contracts. There will be a 2% processing fee for any partial withdrawal.
Brighthouse Financial fixed and income annuities are insurance products and 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 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.
The Single Premium Immediate Annuity is issued by Brighthouse Life Insurance Company, Charlotte, NC 28277, on Policy Form Series MLIU-SPIA (07/06) and, in New York only, by Brighthouse Life Insurance Company of NY, New York, NY 10017, on Policy Form Series FMLI-SPIA (7/06) (“Brighthouse Financial”). Product availability and features may vary by state or firm.