Brighthouse Financial Life Insurance Review

Here’s a Brighthouse Financial Life Insurance Review for you. Brighthouse Financial, a MetLife subsidiary, provides specialized insurance coverage at affordable rates. In the event that you’re looking for term or universal life insurance, Brighthouse is an excellent option. However, you can get more adaptable insurance with another firm for less money.

In addition, Brighthouse exclusively provides policies with high dollar limits. If your budget is between $50,000 and $200,000, you’ll have to search elsewhere. For additional information, here’s a Brighthouse Financial Life Insurance Review.

Pros and Cons of Brighthouse Life Insurance

Brighthouse Financial Life Insurance Review - Brighthouse Logo

Pros

  • Speedy underwriting for healthy applicants
  • Online application
  • Lenient with some health conditions
  • Financial strength

Cons

  • Less modern systems
  • Slow application process

Brighthouse Life Insurance Rates

We obtained Brighthouse life insurance quotes for a $500,000, 20-year term policy for a healthy man and wife in 2021 as an example. Rates for a policy this size and duration were below average for all three variables. A 60-year-old man may pay more than the average for Brighthouse life insurance, but this is the exception rather than the rule.

  • 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?

When it comes to policies, Brighthouse has both temporary and long-term options.

  • Term life insurance. Brighthouse’s Simply Select Term plan offers coverage for 10, 15, 20 or 30 years and is the company’s most cost-effective option. In this case, premiums are locked in until a particular date in the future, after which the insurance can be changed to a permanent policy at no additional cost.
  • Term life insurance with an annual renewal option. Term life insurance policies are also available from the insurer for one year, with premiums increasing each year.
  • Insurance for the rest of your life. This insurance provides coverage for the rest of the policyholder’s life and builds cash value at a predetermined pace determined by the insurer.
  • Life insurance that is both traditional and innovative. indexed universal life insurance and long-term care insurance are combined in Brighthouse’s SmartCare package. In the event of your death, this hybrid insurance will pay out a death benefit while also providing long-term care coverage should you require it.

What riders can I add to my policy?

Brighthouse lets policyholders add typical riders like these to their policies:

  • Accelerated death benefit. If you’re diagnosed with a terminal disease, you’ll get a portion of your death benefit.
  • Long-term care insurance policy. enables the use of the death benefit to pay for long-term care expenses. Inflation and indexing are taken into consideration in several of the Brighthouse long-term care rider choices.
  • Rider for conversions. Upgrade your term life insurance policy to one that’s permanent after two or five years of purchasing it.
  • Riders gain from critical sickness. If you are diagnosed with a critical disease, such as a stroke, the policy will pay out a lump sum payment.
  • Rider for disability income. If you become disabled and are unable to work, this plan will pay you a monthly payment.
  • A rider for your homeowners insurance that covers things like dental and vision care. For a limited period, you can extend your permanent policy’s coverage with additional insurance.
  • Rider waiving premium fees. If you become totally handicapped and are unable to work for a period of six months or longer, your insurance premiums will be suspended.

Brighthouse life insurance reviews and complaints

The Better Business Bureau (BBB) does not accredit Brighthouse Financial, yet it has an A rating for the quality of its customer service. In the last three years, the BBB has received 45 complaints, and the insurance has immediately remedied each one. Billing and communication problems were prominently in several of the grievances.

Brighthouse Life Insurance came in 17th place out of 22 insurers examined in the latest JD Power report on life insurance. Customer service and satisfaction were rated as 2 out of 5 stars, indicating room for improvement. AM Best assigns a grade of A to the business.

Checkout our review of Bestow Life Insurance Review for another life insurance review.

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Levi Jorgensen
Levi Jorgensen is a life-long explorer. When he's not writing about life insurance, he works as an appraiser of antiques. He's based in Columbus, Ohio with his wife and 2 children.
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