Life insurance is one of the popular financial products that most people buy because of the numerous benefits attached to the coverage. There are several companies that offer life insurance to individuals who seek financial protection and stability for themselves and loved ones.
One of the leading companies in life insurance is Brighthouse Financial. This company provides a variety of coverage options to suit the various needs of people and families looking for financial security.
Beyond the death benefit feature that is included in a standard life insurance policy.This company offers life insurance policies that have a trademark of flexible and affordable premiums, as well as cash value accumulation. Perhaps you are on the lookout for a remarkable company from which to get life insurance policies.We highly recommend Brighthouse Financial.
This article will explore everything you need to know about Brighthouse Financial life insurance. Also, the plans they offer, and pros and cons, including steps on how to buy life insurance from Brighthouse Financial.
Overview of Brighthouse Financial Life Insurance
Brighthouse Financial offers a wide range of insurance policies that give policyholders and families peace of mind and financial protection. They offer term, whole, and universal life insurance, each with customizable options to suit the individual’s needs and preferences. Their life insurance policies feature affordable premiums and potential cash value accumulation, in addition to the death benefit.
The company has been established since 2017. It is one of the largest providers of annuities and life insurance in the United States and nationwide. While the company offers life insurance policies in most states, some policies may not be available in some states.
With a dedication to both innovation and good customer service, this company assists policyholders in navigating life insurance options to make sure they get the appropriate coverage for their particular situation.
Pros and Cons of Brighthouse Financial Life Insurance
Most insurance companies have different underwriting processes for life insurance policies; Brighthouse Financial is not an exception. It often makes sense to consider both the good.
And bad sides of a life insurance company to determine whether it is the right option or not. Brighthouse Financial offers a variety of benefits to individuals, but it also has its downsides. Read along as we examine some of them;
Pros
- Medical exam is sometimes not required.
- It offers a hybrid policy that provides coverage for long-term care.
- Riders for additional coverage.
- Flexible premiums.
- Potential cash value accumulation.
- Customizable coverage.
Cons
- Limited life insurance options.
- No online quote.
- Limited availability in some states.
- Higher premiums for some policies.
- Not all policies are available for direct purchase.
Life Insurance Policies Offered By Brighthouse Financial
As mentioned before, Brighthouse Financial offers several life insurance policies. This ranges from term and permanent life insurance (whole and universal life insurance). Their policy also features a hybrid offer that features long-term care. Here’s a more detailed explanation:
Term Life Insurance
In term life insurance, people are allowed to choose a fixed period of time they wish to be covered; it could be 10, 20, or 30 years. Brighthouse Financial will pay the death benefit on your policy to the beneficiaries if you pass away while the policy is still active.
You are also allowed to include an accelerated death benefit rider to your term life insurance. However, it is important to note that coverage amounts and terms offered by Brighthouse Financial vary by state.
Permanent Life Insurance
This type of life insurance is for those who seek lifelong coverage for them and their loved ones. A typical example of a permanent life insurance policy offered by Brighthouse Financial is indexed universal life.
This policy does not only feature a death benefit for your beneficiaries; it also includes a cash value component that can be used for long-term care.
How Much Does it Cost?
The actual cost of life insurance from this company depends on several factors such as the age, health, lifestyle, and occupation of the applicant. The final quote for coverage largely depends on these factors.
Nevertheless, here’s a sneak peek of life insurance rates for non-smoking and healthy individuals from Brighthouse Financial:
| AGE | RATE FOR MEN | RATE FOR WOMEN |
| 20 | $19.22 | $14.95 |
| 30 | $18.79 | $15.80 |
| 40 | $28.19 | $23.90 |
| 50 | $71.74 | $55.09 |
How to Buy Life Insurance from Brighthouse Financial
If you are interested in getting a life insurance policy from Brighthouse Financial, be rest assured that the process is not complex. The policies offered by this company can only be purchased through an insurance broker that is licensed to sell the products. Before making a purchase, visit the official website to learn more about the available life insurance policies.
You can make use of the online tools and resources to determine your coverage needs. And to also have an idea of how much it would cost to buy life insurance. After you’ve found a policy that meets your needs, you can apply online immediately or get in touch with a certified Brighthouse Financial advisor for one-on-one help.
Depending on the type of coverage you want to buy, you may be required to have a medical examination in addition to supplying some personal and health information during the application process. Once your application has been approved, you will receive a document that contains the policy’s terms and every other thing pertaining to your coverage.
