SecureAdvantage
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Highlights
A Brighthouse SecureAdvantage 6-Year Fixed Index Annuity offers 100% protection. Purchase payment will be reduced by withdrawals, which may be subject to Withdrawal Charges and a Market Value Adjustment if applicable. All guarantees are subject to the claims-paying ability and financial strength of Brighthouse Life Insurance Company. for your purchase payment against market downturns. It features Index Accounts – including innovative Annual Sum Index Accounts – that provide growth opportunities linked to two well-known market indices. What’s more, it offers access to a portion of your money each year should the need arise, and a death benefit that keeps pace with your selected Index Accounts. SecureAdvantage 6-Year is designed to provide the protection, growth opportunity, and clarity you need.
Market Value Adjustment may not be applicable in all states & waivers are not available in all states and other restrictions may apply.
Guaranteed Lifetime Payout Options:
You can convert your Contract into a stream of fixed-income payments guaranteed for your life. Payments may begin at any time 13 months after your Contract Issue Date. Once Annuity Payments begin, the Contract cannot be surrendered, and you have no withdrawal rights or access to the Account Value. You may choose from the following options, or any other options acceptable to you and us:
Market Value Adjustment may not be applicable in all states & waivers are not available in all states and other restrictions may apply.
Guaranteed Lifetime Payout Options:
You can convert your Contract into a stream of fixed-income payments guaranteed for your life. Payments may begin at any time 13 months after your Contract Issue Date. Once Annuity Payments begin, the Contract cannot be surrendered, and you have no withdrawal rights or access to the Account Value. You may choose from the following options, or any other options acceptable to you and us:
- Life Annuity with Ten (10) Years of Income Payments Guaranteed – Provides income payments that continue as long as the annuitant is living and are guaranteed for 10 years. If the annuitant dies before the end of the guarantee period, income payments are made to the designated beneficiary(ies) until the end of the guarantee period. No income payments are made once the guarantee period has expired and the Annuitant is no longer living.
- Joint and Last Survivor with Ten (10) Years of Income Payments Guaranteed – Provides income payments that are paid for the lifetime of two people and are guaranteed for 10 years. After the death of one Annuitant, the survivor Annuitant will continue to receive the full income payments for as long as he or she lives. If both should die before the end of the guarantee period, the beneficiary(ies) will continue to receive full income payments for the remaining guarantee period. No income payments are made once the guarantee period has expired and the annuitants are no longer living. Income Option Information:
- The start date for income payments must be the first day of a calendar month. If an Annuity Start Date is not chosen, the default Annuity Start Date is the First Contract Anniversary after the oldest Owner’s 95th birthday. The default income option is a Life Annuity with a 10-Year Guarantee Period.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
|
6 Years |
|
Surrender schedule
|
8%8%7%6%5%4% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
02/03/2020 |
|
Minimum contribution
|
$50,000 |
|
Maximum contribution
|
$1,000,000 |
|
Max Age Qualified
|
80 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, Inherited IRA, and TSP |
Brochure
|
Open brochure |
Find out if the SecureAdvantage is the right product for you.
Premium Notes
Notes:
- TSP funds have to be rolled into an IRA.
- After the initial 6-Year Index Term, the only options available are 1-Year Index Terms and Fixed Account. Credit Suisse TruVol US Target Sectors Index is not available for a 1-Year Index Term after the initial 6-Year Index Term.
Withdrawal Provisions
Free Withdrawal Amount
The following amounts may be withdrawn free of a Withdrawal Charge and Market Value Adjustment (MVA):
The following amounts may be withdrawn free of a Withdrawal Charge and Market Value Adjustment (MVA):
- Up to 10% of the purchase payment every contract year, including the first contract year. The Free Withdrawal Amount is non-cumulative and amounts not taken will not carry over to the next contract year.
- Withdrawals made to satisfy Required Minimum Distributions (RMDs) for amounts held within the contract
- Minimum Withdrawal: $500.00 or $100.00 for automated withdrawal programs
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.75%
Fixed
|
| 6-Year UBS truVol US Target Sectors PTP Annual Sum Participation Rate |
Point to Point
6-Year
Annual sum
|
175%
Participation
|
| 6-Year UBS truVol US Target Sectors PTP Participation Rate |
Point to Point
6-Year
|
185%
Participation
|
| 6-Year Russell 2000 PTP Annual Sum Cap |
Point to Point
6-Year
Annual sum
|
11%
Cap
|
| 6-Year Russell 2000 PTP Annual Sum Participation Rate |
Point to Point
6-Year
Annual sum
|
55%
Participation
|
| 6-Year Russell 2000 PTP Participation Rate |
Point to Point
6-Year
|
65%
Participation
|
| 6-Year S&P 500 PTP Annual Sum Cap |
Point to Point
6-Year
Annual sum
|
11.5%
Cap
|
| 6-Year S&P 500 PTP Annual Sum Participation Rate |
Point to Point
6-Year
Annual sum
|
60%
Participation
|
| 6-Year S&P 500 PTP Participation Rate |
Point to Point
6-Year
|
70%
Participation
|
| 6-Year UBS truVol US Target Sectors PTP Annual Sum Participation Rate |
Point to Point
6-Year
Annual sum
|
185%
Participation
|
| 6-Year UBS truVol US Target Sectors PTP Participation Rate |
Point to Point
6-Year
|
195%
Participation
|
| 6-Year Russell 2000 PTP Annual Sum Cap |
Point to Point
6-Year
Annual sum
|
11.5%
Cap
|
| 6-Year Russell 2000 PTP Participation Rate |
Point to Point
6-Year
|
75%
Participation
|
| 6-Year S&P 500 PTP Annual Sum Cap |
Point to Point
6-Year
Annual sum
|
12%
Cap
|
| 6-Year S&P 500 PTP Participation Rate |
Point to Point
6-Year
|
80%
Participation
|
| 6-Year Russell 2000 PTP Annual Sum Participation Rate |
Point to Point
6-Year
Annual sum
|
65%
Participation
|
| 6-Year S&P 500 PTP Annual Sum Participation Rate |
Point to Point
6-Year
Annual sum
|
70%
Participation
|
| 6-Year UBS truVol US Target Sectors PTP Annual Sum Participation Rate |
Point to Point
6-Year
Annual sum
|
190%
Participation
|
| 6-Year UBS truVol US Target Sectors PTP Participation Rate |
Point to Point
6-Year
|
200%
Participation
|
| 6-Year Russell 2000 PTP Participation Rate |
Point to Point
6-Year
|
80%
Participation
|
| 6-Year S&P 500 PTP Annual Sum Cap |
Point to Point
6-Year
Annual sum
|
12.25%
Cap
|
| 6-Year Russell 2000 PTP Annual Sum Cap |
Point to Point
6-Year
Annual sum
|
11.75%
Cap
|
| 6-Year Russell 2000 PTP Annual Sum Participation Rate |
Point to Point
6-Year
Annual sum
|
70%
Participation
|
| 6-Year S&P 500 PTP Annual Sum Participation Rate |
Point to Point
6-Year
Annual sum
|
75%
Participation
|
| 6-Year S&P 500 PTP Participation Rate |
Point to Point
6-Year
|
85%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for SecureAdvantage annuity.
Waivers
Nursing Home
Unavailable in states: CA, and SD
After the first contract year, we will waive the Withdrawal Charge and MVA if you or the joint owner becomes confined to a hospital and/or nursing home for at least 90 days. Confinement must start after the first contract year. The nursing home waiver does not include home health care. Not available in all states. Other restrictions apply.
Terminal Illness
Unavailable in states: CA
After the first contract year, we will waive the Withdrawal Charge and MVA if you or the joint owner becomes terminally ill and is not expected to live more than 12 months. Not available in all states. Other restrictions apply.
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