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Life Insurance Review

Valuation metrics show that Brighthouse Financial, Inc. may be undervalued. Your A value score indicates that it would be a good choice for value investors. BHF’s financial health and growth prospects demonstrate its potential to underperform.

Brighthouse is a reliable choice for life insurance if you are looking for term or universal coverage. It has competitive rates and comprehensive plans, but you can find more flexible policies with another company. It also only offers high dollar policy amounts.

Life Insurance Brighthouse Review

Brighthouse_Life_Insurance
Brighthouse Life Insurance

What types of life insurance coverage does Brighthouse offer?

Brighthouse offers a combination of term and permanent policies. Each pays a one-time premium of $ 100,000 ($ 200,000 combined with State Life) and is expected to need LTC in 25 years at the age of 80. Since BrightHouse insurance has not collapsed and is operating normally, there is no official policy on what than move on to the assets for which you still owe money. “If you bought goods and didn’t pay for them, you shouldn’t have returned them, as long as you keep the payments,” said Martyn James of Resolver.

Term of life insurance

Brighthouse’s guaranteed term is your most affordable plan, providing coverage for 1, 10, 15, 20, and 30 years with tier premiums that will not increase for the duration of your term. Coverage starts at a high $ 1 million, and is convertible to a permanent policy before a certain deadline. Also only offers high dollar policy amounts.

Universal life insurance

Brighthouse Premier Accumulator Universal Life (PAUL) is a permanent policy that generates cash value over time and offers flexible premiums and death benefits. It also only offers high dollar policy amounts.

Hybrid life insurance

Brighthouse’s SmartCare product combines indexed universal life insurance with a long-term care (LTC) policy. This hybrid policy provides a death benefit to your loved ones, just like your PAUL policy, and offers you long-term care coverage if you need it. With this policy, you can choose to link it to an index or indexes to potentially increase your LTC profits and protect yourself against recessions in the market.

Pros and cons of Brighthouse Financial

Pros

Quick subscription for healthy applicants: Young, healthy applicants without medical warning signs may qualify for the Brighthouse life insurance fast subscription.
Online applications: You can apply for a Brighthouse life insurance policy online, although the form is longer than that of most major insurers. Only offers high dollar policy amounts.
Homeless with some health conditions:
Smokers and those with high blood pressure and sleep apnea can access cheap rates.
Financial strength: Brighthouse is rated A (Excellent) with AM Best, which means it has the cash reserves to pay claims.

Cons:

Limited alignment: Brighthouse only offers term and universal policies, and does not sell full or variable life.
Old school approach: You cannot update your beneficiaries, cancel your coverage, or file a claim online. Also, your policy documents will only be mailed.
Slow application process: Generally, applications can take up to a month to be approved.

Customer Feedback And Complaints

Brighthouse Financial is not accredited to the Better Business Bureau (BBB), but is rated A + for its customer interaction. The BBB has recorded 36 complaints in the past three years, all of which were promptly resolved by the insurer. Many of the complaints focused on billing and communication issues.

In JD Power’s latest Brighthouse life insurance study. Brighthouse ranked 17th out of 22 insurers surveyed. He got 2 out of 5 circles, indicating there is room for improvement when it comes to customer service and satisfaction.

How do I register?

To purchase Brighthouse life insurance, you will need to find a personal financial advisor, if you don’t already have one. You cannot purchase a policy directly through Brighthouse. However, Brighthouse offers tips for working with a financial advisor in the Education section of its website.

How do I file a life insurance claim with Brighthouse?

If you are a beneficiary, the claim submission process begins online. These are the steps:

  1. Visit the Brighthouse site and click Support.
  2. Click Claims and Policy Service.
  3. Scroll down to Brighthouse life insurance. Click on Individual Life and Death Claim to download the PDF claim.

After completing the form, you will need to mail it to Brighthouse along with supporting documentation, such as a certified copy of the death certificate.

Brighthouse Financial vs. other Insurance companies Sample Monthly Rates

20-year term Male for $1,000,000

CompanyAge 30Age 40Age 50Age 60
 Protective $33.97 $51.17 $142.33 $396.03
 Banner $37.84 $58.48 $140.61 $406.63
 AIG $34.95 $53.98 $144.80 $418.14
 Foresters $34.13 $56.00 $150.50 $438.38
 SBLI $35.24 $56.03 $147.73 $457.62
 Brighthouse Financial$38.61 $58.41 $154.71 $455.31
 Mutual of Omaha $37.80 $59.68 $161.18 $481.43
 Principal $38.50 $55.56 $147.88 $418.78
 Transamerica $39.56 $80.84 $178.02 $483.32
 Prudential $48.56 $70.44 $157.94 $467.69
Men Term Life Insurance

20-year term Female for $1,000,000

CompanyAge 30Age 40Age 50Age 60
 Protective $28.81 $43.43 $101.91 $267.03
 Banner $28.72 $50.09 $110.51 $294.55
 AIG $28.89 $47.92 $117.12 $309.15
 Foresters $29.75 $47.25 $107.63 $322.88
 SBLI $29.67 $44.28 $104.57 $272.92
 Brighthouse Financial$32.31 $46.71 $113.31 $295.11
 Mutual of Omaha $31.68 $50.93 $119.18 $324.80
 Principal $32.16 $46.81 $108.94 $283.50
 Transamerica $32.68 $65.36 $139.32 $388.72
 Prudential $37.19 $59.94 $124.69 $319.81
Female term life insurance

*All rates quoted on this page are for a super preferred healthy individual who does not use tobacco. Monthly rates are updated from July 2018 and are subject to subscription approval.

More about Brighthouse

Brighthouse Financial was founded by MetLife in January 2016 as an ancillary company offering Brighthouse life insurance and annuity products. In 2017, it branched out to become an independent insurer.

Today, Brighthouse reports more than 2 million current life and annuity policies and more than $ 220 billion in assets.

In addition to life insurance products, Brighthouse offers the following annuity options:

  • Annuities linked to the index
  • Variable annuities
  • Fixed annuities
  • Income annuities

Brighthouse Life sounds like a new company. But only the name is new. The company dates back to the 1860s.

For most of the past century and a half, Brighthouse was known by its old name, MetLife. MetLife still offers other types of insurance, including Brighthouse life insurance policies built into employee benefit packages.

Brighthouse Life focuses on life insurance policies for individual consumers, which is probably what you are looking for.

Every time you buy insurance, be sure to check the A.M. of the company. The best rating that predicts the financial stability of the company.

Brighthouse takes a look with A.M. It is best to get an A + rating. The Better Business Bureau also rates Brighthouse A +.

These rankings measure Brighthouse’s financial stability and reputation in relation to existing customers, both of which are important charts to check.

But these ratings do not measure whether the Brighthouse company would be your best option. To answer that question, we will have to dig a little deeper.

  • Brighthouse Life Insurance Review and Quotes Rates.