Brighthouse Financial, a MetLife company, distributes low-cost specialty insurance plans to the general public. Brighthouse is an excellent alternative for a term or universal life insurance. However, you may save money by moving to a more flexible insurance provider.
To top it all off, Brighthouse exclusively sells insurance policies with astronomical premiums. Otherwise, if your budget is between $50,000 and $200,000, you will need to go elsewhere.
- Pros and Cons of Brighthouse Life Insurance
- Brighthouse Life Insurance Rates
- What types of life insurance coverage does Brighthouse offer?
- What riders can I add to my policy?
- Brighthouse life insurance reviews and complaints
Pros and Cons of Brighthouse Life Insurance
- Healthy applicants receive expedited underwriting.
- Convenient online tool for people dealing with certain medical conditions
- Paying capacity
- Systems that are not as current
- Protracted process of filing an application
Brighthouse Life Insurance Rates
A $500,000, 20-year term life insurance policy for a healthy husband and wife in 2021 was used as an example. Rates for all three variables were lower than usual for a policy of this size and duration. Although the rates for Brighthouse life insurance may be higher for a 60-year-old guy, this is the exception rather than the norm.
- Age 20. Male $19, Female $16
- Age 25. Male $20, Female $16
- Age 30. Male $20, Female $17
- Age 35. Male $23, Female $19
- Age 40. Male $33, Female $27
- Age 45. Male $52, Female $41
- Age 50. Male $79, Female $62
- Age 55. Male $130, Female $95
- Age 60. Male $250, Female $159
What types of life insurance coverage does Brighthouse offer?
Brighthouse provides policy choices for both the immediate and long future.
- Term life insurance. Brighthouse’s Simply Select Term plan is one of the most cost-effective solutions available, covering 10, 15, 20, or 30 years for the price of ten. Unless otherwise indicated, premiums are fixed until a certain future date, at which point the insurance can be changed to permanent coverage at no additional expense.
- Term life insurance with an annual renewal option. Additionally, the insurer offers one-year term life insurance.
- Insurance coverage for the remainder of your years. This insurance protects the policyholder for the remainder of his or her life and grows the cash value at a certain rate determined by the insurer.
- Traditional and innovative life insurance. The SmartCare package from Brighthouse comprises index universal life insurance and long-term care insurance. In the event of your death, this hybrid policy will pay out a death benefit and cover long-term care.
What riders can I add to my policy?
Brighthouse customers can add typical riders such as the following to their policies:
- Accelerated death benefit. When a terminal disease is found, you will get a portion of your death benefit.
- Policy covering long-term care. The death benefit may now be used to defray the expense of long-term care. Numerous Brighthouse long-term care rider options allow for inflation and indexing.
- Conversion rider. Two or five years after purchasing term insurance, invest in permanent life insurance.
- Critical illness benefits riders. If you are diagnosed with a life-threatening condition, such as a stroke, the policy will pay a lump sum.
- Rider for supplemental disability income. If you become disabled and unable to work, this plan will give you a monthly benefit.
- Adding dental and vision coverage to your homeowner’s insurance policy as an endorsement. For a limited time, you can acquire additional insurance to augment the benefits of your existing permanent coverage.
- Riders are exempt from premium payments. Your insurance premiums may be waived if you become permanently disabled and are unable to work for a period of six months or longer.
Brighthouse life insurance reviews and complaints
Brighthouse Financial is not recognized by the Better Business Bureau, yet its clients rate it an A+ for customer service. The Better Business Bureau received 45 complaints against the insurance agency in the preceding three years, and each one was swiftly addressed. Numerous concerns focused on invoicing and communication difficulties.
Brighthouse Life Insurance was ranked 17th out of 22 insurers in the recent JD Power life insurance assessment. Customer satisfaction and service received two out of five ratings, indicating room for improvement. AM Best rates the firm an A+.
Visit our review of Bankers Life Insurance Review for one more insurance review.