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Shield Level Pay Plus II

The Shield Level Pay Plus II is a great tool for safe retirement planning. It cleverly balances growth and safety to provide you with a stress-free income stream in golden years.

What sets it apart is the unique protection from market downturns, ensuring solid financial security. It’s perfect for a worry-free retirement!

Shield Level Pay Plus II

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About Product

Type

Registered Index-Linked

Purpose

Lifetime Income

Term

6 Years

Surrender schedule

Fee withdrawal:

10%

Market Value Adjustment

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and 1035 Exchange

Launch Date

08/08/2022

Brighthouse Shield Level Pay Plus II Annuity is an index-linked annuity, which is a long-term financial product designed to help you save for retirement. This type of annuity lets you participate in growth opportunities up to a certain percentage by tracking the performance of a market index while providing a level of protection in down markets. The product features the added benefit of providing guaranteed lifetime income through the choice of two versions of our built-in income rider: Market Growth and Market Growth with Rollup.

Interim Value
The Interim Value calculation uses a hypothetical portfolio approach which aligns with industry standards. The Interim Value for each Shield Option is equal to the sum of (1) the market value of the Fixed Income Asset Proxy and (2), the current market value of the Derivative Asset Proxy.

Available in states: AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
2-Year Nasdaq-100 Shield 15 with Step Rate Edge	Step Rate Edge Biennial	14% Performance triggered
1-Year S&P 500 Shield 10 with Step Rate Edge	Step Rate Edge Annual	7.25% Performance triggered
1-Year S&P 500 Shield 15 with Step Rate Edge	Step Rate Edge Annual	6.25% Performance triggered
2-Year S&P 500 Shield 10 with Step Rate Edge	Step Rate Edge Biennial	13.75% Performance triggered
2-Year S&P 500 Shield 15 with Step Rate Edge	Step Rate Edge Biennial	12.25% Performance triggered
1-Year Russell 2000 Shield 10 with Step Rate Edge	Step Rate Edge Annual	9% Performance triggered
1-Year Russell 2000 Shield 15 with Step Rate Edge	Step Rate Edge Annual	7.25% Performance triggered
2-Year Russell 2000 Shield 10 with Step Rate Edge	Step Rate Edge Biennial	16.5% Performance triggered
2-Year Russell 2000 Shield 15 with Step Rate Edge	Step Rate Edge Biennial	14.25% Performance triggered
1-Year MSCI EAFE Shield 15 with Step Rate Edge	Step Rate Edge Annual	5.75% Performance triggered
2-Year MSCI EAFE Shield 10 with Step Rate Edge	Step Rate Edge Biennial	13.5% Performance triggered
2-Year MSCI EAFE Shield 15 with Step Rate Edge	Step Rate Edge Biennial	11% Performance triggered
1-Year Nasdaq-100 Shield 10 with Step Rate Edge	Step Rate Edge Annual	8.75% Performance triggered
1-Year Nasdaq-100 Shield 15 with Step Rate Edge	Step Rate Edge Annual	7.25% Performance triggered
2-Year Nasdaq-100 Shield 10 with Step Rate Edge	Step Rate Edge Biennial	16.25% Performance triggered
1-Year MSCI EAFE Shield 10 with Step Rate Edge	Step Rate Edge Annual	7.25% Performance triggered
1-Year Fixed Account	Fixed	3.5% Fixed
6-Year S&P 500 PTP Cap Shield 10	Point to Point 6-Year	400% Cap
1-Year Nasdaq-100 PTP Cap Shield 10	Point to Point Annual	15.5% Cap
1-Year S&P 500 PTP Cap Shield 15	Point to Point Annual	10% Cap
1-Year S&P 500 PTP Cap Shield 25	Point to Point Annual	7.5% Cap
3-Year Nasdaq-100 PTP Cap Shield 10	Point to Point Triennial	50% Cap
6-Year Nasdaq-100 PTP Cap Shield 10	Point to Point 6-Year	125% Cap
6-Year Nasdaq-100 PTP Cap Shield 15	Point to Point 6-Year	90% Cap
6-Year Nasdaq-100 PTP Cap Shield 25	Point to Point 6-Year	70% Cap
3-Year Nasdaq-100 PTP Cap Shield 15	Point to Point Triennial	40% Cap
1-Year S&P 500 PTP Cap Shield 10	Point to Point Annual	13% Cap
3-Year Russell 2000 PTP Cap Shield 15	Point to Point Triennial	50% Cap
3-Year MSCI EAFE PTP Cap Shield 15	Point to Point Triennial	80% Cap
3-Year MSCI EAFE PTP Cap Shield 10	Point to Point Triennial	130% Cap
3-Year S&P 500 PTP Cap Shield 15	Point to Point Triennial	50% Cap
1-Year MSCI EAFE PTP Cap Shield 25	Point to Point Annual	8.25% Cap
1-Year Russell 2000 PTP Cap Shield 25	Point to Point Annual	10.25% Cap
1-Year Nasdaq-100 PTP Cap Shield 25	Point to Point Annual	9.25% Cap
1-Year Nasdaq-100 PTP Cap Shield 15	Point to Point Annual	12.5% Cap
1-Year Russell 2000 PTP Cap Shield 15	Point to Point Annual	14.5% Cap
1-Year MSCI EAFE PTP Cap Shield 15	Point to Point Annual	11.5% Cap
1-Year MSCI EAFE PTP Cap Shield 10	Point to Point Annual	17% Cap
1-Year Russell 2000 PTP Cap Shield 10	Point to Point Annual	19.5% Cap
6-Year Russell 2000 PTP Cap Shield 10	Point to Point 6-Year	115% Cap
3-Year Russell 2000 PTP Cap Shield 10	Point to Point Triennial	90% Cap
3-Year S&P 500 PTP Cap Shield 10	Point to Point Triennial	130% Cap
6-Year MSCI EAFE PTP Cap Shield 25	Point to Point 6-Year	100% Cap
6-Year Russell 2000 PTP Cap Shield 25	Point to Point 6-Year	65% Cap
6-Year S&P 500 PTP Cap Shield 25	Point to Point 6-Year	85% Cap
6-Year S&P 500 PTP Cap Shield 15	Point to Point 6-Year	175% Cap
6-Year Russell 2000 PTP Cap Shield 15	Point to Point 6-Year	90% Cap
6-Year MSCI EAFE PTP Cap Shield 15	Point to Point 6-Year	175% Cap
6-Year MSCI EAFE PTP Cap Shield 10	Point to Point 6-Year	250% Cap
1-Year S&P 500 Shield 15 with Step Rate	Performance Triggered Annual	8% Performance triggered
1-Year MSCI EAFE Shield 15 with Step Rate	Performance Triggered Annual	7.75% Performance triggered
1-Year Russell 2000 Shield 15 with Step Rate	Performance Triggered Annual	10% Performance triggered
2-Year S&P 500 Shield 10 with Step Rate	Performance Triggered Biennial	14.75% Performance triggered
2-Year S&P 500 Shield 15 with Step Rate	Performance Triggered Biennial	13.5% Performance triggered
2-Year Russell 2000 Shield 10 with Step Rate	Performance Triggered Biennial	18.25% Performance triggered
2-Year Russell 2000 Shield 15 with Step Rate	Performance Triggered Biennial	16.75% Performance triggered
2-Year MSCI EAFE Shield 15 with Step Rate	Performance Triggered Biennial	13.5% Performance triggered
2-Year MSCI EAFE Shield 10 with Step Rate	Performance Triggered Biennial	15.5% Performance triggered
2-Year Nasdaq-100 Shield 15 with Step Rate	Performance Triggered Biennial	15.5% Performance triggered
2-Year Nasdaq-100 Shield 10 with Step Rate	Performance Triggered Biennial	17.5% Performance triggered
1-Year S&P 500 Shield 10 with Step Rate	Performance Triggered Annual	8.75% Performance triggered
1-Year Russell 2000 Shield 10 with Step Rate	Performance Triggered Annual	11.25% Performance triggered
1-Year MSCI EAFE Shield 10 with Step Rate	Performance Triggered Annual	8.5% Performance triggered
1-Year Nasdaq-100 Shield 10 with Step Rate	Performance Triggered Annual	10.25% Performance triggered
1-Year Nasdaq-100 Shield 15 with Step Rate	Performance Triggered Annual	9% Performance triggered

Surrender schedule

Year	1	2	3	4	5	6
Penalty	7%	7%	6%	5%	4%	3%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

Name	Inbuilt	Fee
Market Growth	Yes	1.50% annually (2.00% max)
Market Growth with Rollup	Yes	1.50% annually (2.00% max)

Waivers

Nursing Home

Unavailable in states: CT, and MA

After the first contract year, we will waive the withdrawal charge if you or the joint owner becomes confined to a hospital and/or nursing home for at least 90 consecutive days. Confinement must start after the first contract year. Available to purchasers age 80 or younger at contract issue. The nursing home waiver does not include home health care. Not available in all states. Other restrictions apply. See the prospectus for more details.

Terminal Illness

Unavailable in states: CT, MA, TX, and WA

After the first contract year, we will waive the withdrawal charge if you or the joint owner becomes terminally ill and is not expected to live more than 12 months. Available to purchasers age 80 or younger at contract issue. Not available in all states. Other restrictions apply. See the prospectus for more details.

Withdrawal Provisions

Access to Your MoneyFree Withdrawals: After the first contract year, the Free Withdrawal Amount is equal to 10% of the account value as of the prior contract anniversary. In addition, there are other situations where a withdrawal charge may not apply. Annual Benefit Payments: On and after the Annual Benefit Commencement Date, you can withdraw up to the Annual Benefit Payment in a contract year without impacting your Benefit Base and Net Purchase Payment Amount (if applicable). Refer to the “Annual Benefit Payments” section for more details.Automated Withdrawals: On and after the Annual Benefit Commencement Date, you can schedule monthly, quarterly, semi-annual, or annual withdrawals up to the Annual Benefit Payment. Payments may be taken from specified Shield Options and/or the Fixed Account, or proportionally from all Shield Options and the Fixed Account, as allocated. Additionally, automated withdrawals may be set up to satisfy required minimum distributions (RMDs).Fixed Account Automated Withdrawal Processing: As an alternative to automated withdrawals outlined above, you may elect to have your Annual Benefit Payment processed from the Fixed Account, if available. On each contract anniversary, an amount equal to your Annual Benefit Payment will be transferred proportionately from your Shield Options to the Fixed Account. Your payments will be made from the Fixed Account based on the frequency you elect. The use of Fixed Account automated withdrawal processing is optional, may only begin on a contract anniversary, and is only allowed if the entire Annual Benefit Payment is transferred to the Fixed Account and fully withdrawn during the contract year.

Company Founded: 1863

Excellent Rated Company

Brighthouse Life Insurance Company

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