Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

MetLife’s Brighthouse Financial Launches First Annuity Product


On Monday, the consumer life insurance and annuity unit from MetLife Inc., Brighthouse Financial, launched its first new product, a deferred annuity product. The performance of Shield Level 10 is tied to one of three investment indexes, according to a recent article from Business Insider. Last year, MetLife announced its plan to spin off its Brighthouse business, which is still awaiting regulatory approval.

The index annuity will initially be distributed by Wells Fargo Advisors, a unit of Wells Fargo & Co. Shield Level 10 is part of a group of annuities previously sold under the MetLife name. It is designed, partially, to shield customers from the first 10% of index loss, Brighthouse claims.

An annuity is an insurance product offering investors regular income payments, usually in exchange for a lump-sum investment. Payments from an indexed annuity are tied to a percentage of the gain of an investment index that tracks equities, like the S&P 500 index for example. At the time of the contract, a term is chosen, which is the number of years until the principal is guaranteed and the surrender period is finished. This deferred income annuity provides guaranteed lifetime income, similar to a pension, that begins at a future date.

For more information about fixed indexed annuities, including some of our tip picks, visit our website at https://staging.annuityfyi.com/fixed-indexed-annuities/. 

Written by Rachel Summit

Follow Rachel, aka Finance Mama, on Twitter and Google+

For more information about the product mentioned in this article contact us here:

Newest Blog Posts

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help. For the fastest response, please select 'Phone' as your Contact Preference.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).