Shield Level II Advisory
Shield Level II Advisory
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Ratings:
- A.M. Best A
- Fitch A
- S&P A+
- Moody's A3
- Comdex 76
About Product
Type
Registered Index-Linked
Purpose
Accumulation
Surrender schedule
No Surrender Charge
Fee withdrawal:
100%
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, Stretch IRA, NQ Stretch, and TSP
Launch Date
07/24/2017
Brighthouse Shield Level II Advisory Annuity is a long-term contract intended for retirement or other long-term investment purposes. It uses a portion of retirement assets to help take advantage of market growth opportunities with the assurance of a level of downside protection other investment options may not provide. A Shield annuity is an index-linked annuity that doesn’t invest directly in the chosen index or indices, but rather tracks their performance.
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.
Performance Lock Feature
Each Shield Level II Annuity product offers the Performance Lock feature, which is available with all Shield Options (not available on Shield Level Pay Plus II). The Contract Owner will be able to lock the Interim Value once per Term. Performance Lock Value can be transferred to another Shield Option or the Fixed Account on any Contract Anniversary after the Performance Lock is exercised. Once the Performance Lock is exercised, it is irrevocable.
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.
Performance Lock Feature
Each Shield Level II Annuity product offers the Performance Lock feature, which is available with all Shield Options (not available on Shield Level Pay Plus II). The Contract Owner will be able to lock the Interim Value once per Term. Performance Lock Value can be transferred to another Shield Option or the Fixed Account on any Contract Anniversary after the Performance Lock is exercised. Once the Performance Lock is exercised, it is irrevocable.
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, MO, 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
|
16%
Performance triggered
|
| 1-Year S&P 500 Shield 10 with Step Rate Edge |
Step Rate Edge
Annual
|
8.25%
Performance triggered
|
| 1-Year S&P 500 Shield 15 with Step Rate Edge |
Step Rate Edge
Annual
|
7.25%
Performance triggered
|
| 2-Year S&P 500 Shield 10 with Step Rate Edge |
Step Rate Edge
Biennial
|
16%
Performance triggered
|
| 2-Year S&P 500 Shield 15 with Step Rate Edge |
Step Rate Edge
Biennial
|
14.5%
Performance triggered
|
| 1-Year Russell 2000 Shield 10 with Step Rate Edge |
Step Rate Edge
Annual
|
10%
Performance triggered
|
| 1-Year Russell 2000 Shield 15 with Step Rate Edge |
Step Rate Edge
Annual
|
8.25%
Performance triggered
|
| 2-Year Russell 2000 Shield 10 with Step Rate Edge |
Step Rate Edge
Biennial
|
18.75%
Performance triggered
|
| 2-Year Russell 2000 Shield 15 with Step Rate Edge |
Step Rate Edge
Biennial
|
16.5%
Performance triggered
|
| 1-Year MSCI EAFE Shield 15 with Step Rate Edge |
Step Rate Edge
Annual
|
6.25%
Performance triggered
|
| 2-Year MSCI EAFE Shield 10 with Step Rate Edge |
Step Rate Edge
Biennial
|
16%
Performance triggered
|
| 2-Year MSCI EAFE Shield 15 with Step Rate Edge |
Step Rate Edge
Biennial
|
13.5%
Performance triggered
|
| 1-Year Nasdaq-100 Shield 10 with Step Rate Edge |
Step Rate Edge
Annual
|
9.75%
Performance triggered
|
| 1-Year Nasdaq-100 Shield 15 with Step Rate Edge |
Step Rate Edge
Annual
|
8.25%
Performance triggered
|
| 2-Year Nasdaq-100 Shield 10 with Step Rate Edge |
Step Rate Edge
Biennial
|
18.25%
Performance triggered
|
| 1-Year MSCI EAFE Shield 10 with Step Rate Edge |
Step Rate Edge
Annual
|
7.75%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
| 1-Year MSCI EAFE PTP Cap Shield 25 |
Point to Point
Annual
|
9%
Cap
|
| 3-Year Nasdaq-100 PTP Cap Shield 15 |
Point to Point
Triennial
|
55%
Cap
|
| 1-Year Nasdaq-100 PTP Cap Shield 10 |
Point to Point
Annual
|
19%
Cap
|
| 1-Year Nasdaq-100 PTP Cap Shield 15 |
Point to Point
Annual
|
14.5%
Cap
|
| 1-Year Nasdaq-100 PTP Cap Shield 25 |
Point to Point
Annual
|
10.25%
Cap
|
| 6-Year Nasdaq-100 PTP Cap Shield 15 |
Point to Point
6-Year
|
105%
Cap
|
| 6-Year Nasdaq-100 PTP Cap Shield 10 |
Point to Point
6-Year
|
145%
Cap
|
| 3-Year Nasdaq-100 PTP Cap Shield 10 |
Point to Point
Triennial
|
65%
Cap
|
| 6-Year Nasdaq-100 PTP Cap Shield 25 |
Point to Point
6-Year
|
90%
Cap
|
| 6-Year MSCI EAFE PTP Cap Shield 15 |
Point to Point
6-Year
|
225%
Cap
|
| 1-Year S&P 500 PTP Cap Shield 10 |
Point to Point
Annual
|
16.5%
Cap
|
| 3-Year MSCI EAFE PTP Cap Shield 15 |
Point to Point
Triennial
|
90%
Cap
|
| 3-Year MSCI EAFE PTP Cap Shield 10 |
Point to Point
Triennial
|
140%
Cap
|
| 3-Year Russell 2000 PTP Cap Shield 15 |
Point to Point
Triennial
|
65%
Cap
|
| 3-Year Russell 2000 PTP Cap Shield 10 |
Point to Point
Triennial
|
100%
Cap
|
| 3-Year S&P 500 PTP Cap Shield 15 |
Point to Point
Triennial
|
75%
Cap
|
| 3-Year S&P 500 PTP Cap Shield 10 |
Point to Point
Triennial
|
140%
Cap
|
| 6-Year MSCI EAFE PTP Cap Shield 25 |
Point to Point
6-Year
|
135%
Cap
|
| 1-Year S&P 500 PTP Cap Shield 25 |
Point to Point
Annual
|
8.25%
Cap
|
| 6-Year MSCI EAFE PTP Cap Shield 10 |
Point to Point
6-Year
|
325%
Cap
|
| 6-Year Russell 2000 PTP Cap Shield 25 |
Point to Point
6-Year
|
90%
Cap
|
| 6-Year Russell 2000 PTP Cap Shield 15 |
Point to Point
6-Year
|
105%
Cap
|
| 6-Year Russell 2000 PTP Cap Shield 10 |
Point to Point
6-Year
|
150%
Cap
|
| 6-Year S&P 500 PTP Cap Shield 25 |
Point to Point
6-Year
|
110%
Cap
|
| 6-Year S&P 500 PTP Cap Shield 15 |
Point to Point
6-Year
|
225%
Cap
|
| 6-Year S&P 500 PTP Cap Shield 10 Uncapped (Most States) |
Point to Point
6-Year
|
|
| 1-Year Russell 2000 PTP Cap Shield 25 |
Point to Point
Annual
|
11%
Cap
|
| 1-Year MSCI EAFE PTP Cap Shield 15 |
Point to Point
Annual
|
13.5%
Cap
|
| 1-Year Russell 2000 PTP Cap Shield 15 |
Point to Point
Annual
|
16%
Cap
|
| 1-Year S&P 500 PTP Cap Shield 15 |
Point to Point
Annual
|
12%
Cap
|
| 1-Year MSCI EAFE PTP Cap Shield 10 |
Point to Point
Annual
|
20%
Cap
|
| 1-Year Russell 2000 PTP Cap Shield 10 |
Point to Point
Annual
|
21.5%
Cap
|
| 1-Year S&P 500 Shield 15 with Step Rate |
Performance Triggered
Annual
|
9%
Performance triggered
|
| 1-Year MSCI EAFE Shield 10 with Step Rate |
Performance Triggered
Annual
|
9%
Performance triggered
|
| 1-Year Russell 2000 Shield 10 with Step Rate |
Performance Triggered
Annual
|
12.25%
Performance triggered
|
| 1-Year S&P 500 Shield 10 with Step Rate |
Performance Triggered
Annual
|
9.75%
Performance triggered
|
| 1-Year Nasdaq-100 Shield 10 with Step Rate |
Performance Triggered
Annual
|
11.75%
Performance triggered
|
| 2-Year Russell 2000 Shield 10 with Step Rate |
Performance Triggered
Biennial
|
21.25%
Performance triggered
|
| 1-Year Russell 2000 Shield 15 with Step Rate |
Performance Triggered
Annual
|
11%
Performance triggered
|
| 1-Year MSCI EAFE Shield 15 with Step Rate |
Performance Triggered
Annual
|
8.25%
Performance triggered
|
| 1-Year Nasdaq-100 Shield 15 with Step Rate |
Performance Triggered
Annual
|
10%
Performance triggered
|
| 2-Year S&P 500 Shield 10 with Step Rate |
Performance Triggered
Biennial
|
17.5%
Performance triggered
|
| 2-Year S&P 500 Shield 15 with Step Rate |
Performance Triggered
Biennial
|
16.25%
Performance triggered
|
| 2-Year Nasdaq-100 Shield 10 with Step Rate |
Performance Triggered
Biennial
|
20.5%
Performance triggered
|
| 2-Year Nasdaq-100 Shield 15 with Step Rate |
Performance Triggered
Biennial
|
18%
Performance triggered
|
| 2-Year MSCI EAFE Shield 10 with Step Rate |
Performance Triggered
Biennial
|
18%
Performance triggered
|
| 2-Year MSCI EAFE Shield 15 with Step Rate |
Performance Triggered
Biennial
|
16%
Performance triggered
|
| 2-Year Russell 2000 Shield 15 with Step Rate |
Performance Triggered
Biennial
|
19.5%
Performance triggered
|
| 6-Year S&P 500 PTP Cap Shield 10 (Variation States) |
Point to Point
6-Year
|
525%
Cap
|
Riders
No Riders for Shield Level II Advisory annuity.
Waivers
No Waivers for Shield Level II Advisory annuity.
Premium Notes
Notes:
- TSP funds have to be rolled into an IRA.
- If a NQ contract has already been stretched, we would not allow for a beneficiary to continue the payments or “inherit” the contract.
- We will issue Inherited IRAs allowing for the Life Expectancy IRS exception (stretch) for Eligible Designated Beneficiaries (i.e., normal IRA stretch rules). This includes spouses and beneficiaries no more than 10 years younger than the original IRA owner
Withdrawal Provisions
Automated Withdrawals
A scheduled stream of monthly, quarterly, or annual withdrawals that may be taken from specified Shield Options and/or the Fixed Account, or proportionally from all Shield Options and the Fixed Account, as allocated. Automated required minimum distributions (RMDs) are available in any contract year. Automated withdrawals for purposes other than RMDs are available after the first contract year and may be subject to withdrawal charges if they exceed the Free Withdrawal Amount in a contract year. Other restrictions apply.
Withdrawal Charge: None.
A scheduled stream of monthly, quarterly, or annual withdrawals that may be taken from specified Shield Options and/or the Fixed Account, or proportionally from all Shield Options and the Fixed Account, as allocated. Automated required minimum distributions (RMDs) are available in any contract year. Automated withdrawals for purposes other than RMDs are available after the first contract year and may be subject to withdrawal charges if they exceed the Free Withdrawal Amount in a contract year. Other restrictions apply.
Withdrawal Charge: None.
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