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Not rated Bankrate Score Home 0.0 Auto 0.0 About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. If you are looking for long-term care and traditional life insurance, Brighthouse Financial's SmartCare policy might be worth considering for your situation. The company offers limited policy options, though, and received low J.D. Power customer satisfaction ratings. Pros and Cons Quick Look Pros Offers a unique hybrid policy with life insurance and long-term care insurance Excellent financial strength ratings Several riders available for personalization Strong commitment to social responsibility Cons Must purchase a policy through a Brighthouse financial professional Few life insurance products offered Below-average customer satisfaction rating from J.D. Power Coverage must be purchased through an agent Brighthouse SmartCare combines life and long-term care insurance Also offers annuities Charlotte, North Carolina-based Brighthouse Financial is a solid life insurance provider overall, based on available metrics reviewed by our Bankrate insurance editorial team. It may not be the for everyone, as the company offers limited policy options and received low J.D. Power customer satisfaction ratings. However, if you are looking for long-term care and traditional life insurance, Brighthouse Financial's SmartCare policy might be worth considering for your situation. Brighthouse Financial Life Insurance Company is a relatively new name in the market, as it has been selling life insurance for just five years. It is licensed to sell coverage in all 50 states and Washington, D.C. The company, originally owned by MetLife, and became an independent brand. Based on Bankrate's review of Brighthouse Financial and its offerings, it may be considered a decent life insurance option for many customers. The company offers a couple of standard policies to cover basic life insurance needs, including its signature SmartCare coverage, but it falls short in terms of accessibility and customer satisfaction ratings. It also does not offer an option. This advertising widget is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate. The offers and clickable links that appear on this advertisement are from companies that compensate Homeinsurance.com LLC in different ways. The compensation received and other factors, such as your location, may impact what ads and links appear, and how, where, and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available to you as a consumer. We strive to keep our information accurate and up-to-date, but some information may not be current. Your actual offer terms from an advertiser may be different than the offer terms on this widget. All offers may be subject to additional terms and conditions of the advertiser. Compare life insurance providers quickly and easily
See which provider is right for you. The amount of coverage you need depends on many factors, including your age, income, mortgage and other debts and anticipated funeral expenses. Whole life insurance combines life insurance with an investment component. Coverage for life Tax-deferred savings benefit if premiums are paid 3 variations of permanent insurance: whole life, universal life and variable life include investment component Term life insurance is precisely what the name implies: an insurance policy that is good for a specific term of time. Fixed premium over term No savings benefits Outliving policy or policy cancellation results in no money back Find matches Powered by HomeInsurance.com (NPN: 8781838) This advertising widget is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate. HomeInsurance.com LLC services are only available in states where it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Bankrate Why Lemonade? It's a fresh twist on life insurance: easy, accessible and affordable. See more providers in Choose from insurers in Show More Brighthouse Financial life insurance coverage types
Brighthouse Financial offers term life insurance and permanent life insurance. Its unique policy offering, called , combines traditional life insurance with long-term care insurance. Some customers may have the option to get a policy with simplified underwriting, depending on their age, which does not require a medical exam. Here are the you can purchase through Brighthouse Financial Life Insurance: : There are two options available for term life insurance - Brighthouse SimplySelect and Brighthouse One Year Term. The provides affordable coverage for 10, 20 or 30 years, with coverage ranging from $100,000 to $2 million. For this policy, a medical exam is not a requirement, plus you have the option to add an Acceleration of Death Benefit Rider for added protection. The Brighthouse provides the flexibility of short-term coverage for one year only, but you may use a convertible and renewable rider to extend your coverage to five years. One-year term policy availability and conditions vary by state. : If you have a term life insurance policy from Brighthouse Financial, you could opt to convert it to a whole life policy before the term ends. Brighthouse Financial's whole life policies have level premiums for your lifetime, as long as the premium is paid, and guaranteed cash value growth. However, keep in mind that Brighthouse Financial only offers the option to convert term policies to whole life, so you will first need to have a term policy in place that is nearing its end. Long-term care insurance: Brighthouse Financial Smart Care coverage combines whole life insurance and long-term care insurance. It includes a guaranteed death benefit and a cash value component protected from market downswings if you choose the indexed option. Long-term care insurance can cover the cost of nursing home care, skilled nursing care, home health care and hospice for . Every policy includes a lapse prevention provision and terminal illness benefit rider. Brighthouse Financial life services
In addition to life insurance, Brighthouse Financial also offers various annuities, including both index-linked, fixed-rate and variable options. You must work with a Brighthouse Financial professional to purchase an annuity. Other Brighthouse Financial perks worth considering
Brighthouse Financial exclusively offers life insurance products and annuities. However, the company has a large library of online resources for learning about , planning for retirement and estate planning, as well as . If you are new to life insurance or not yet sure how much coverage you will need, how long you want an active policy or if you have other financial planning goals, Brighthouse’s resources may be a good starting place for your research. Brighthouse Financial life insurance customer and claims satisfaction
Bankrate’s Brighthouse Financial Life Insurance review found that the company has mixed third-party ratings. In the , Brighthouse Financial was ranked last on the list of 21 life insurance companies, scoring 714 out of 1,000 points. This score indicates Brighthouse Financial policyholders do not have the highest sense of satisfaction with the company’s customer service or claims handling processes compared to that of other life insurance companies. However, Brighthouse has excellent financial strength, with an A (Excellent) rating from , which indicates its historical ability to meet its financial obligations. It also receives few complaints, according to the National Association of Insurance Commissioners (NAIC) . Brighthouse Financial corporate sustainability
When it comes to corporate social responsibility, Brighthouse Financial is committed to . It frequently partners with organizations like Big Brothers Big Sisters of Tampa Bay, Habitat for Humanity and Heart Math Tutoring. The company also established the Brighthouse Financial Foundation, which awards grants to nonprofits that support women, children, veterans and the arts. In 2020, the company provided grants to more than 40 organizations through the Foundation. Not sure if Brighthouse Financial is right for you Consider these alternatives
If you are in the market for life insurance and are not certain Brighthouse will be the best fit, here are a few other life insurance companies that are worth looking into: : Pacific Life offers a wide variety of insurance policies, including two types of universal life insurance. The company is rated above-average for overall customer satisfaction by J.D. Power in the 2021 Life Insurance Study. Mutual of Omaha: Mutual of Omaha offers robust long-term care insurance policies. Its wide range of available riders also makes it a standout on Bankrate's 2022 picks for the . : Globe Life Insurance offers many types of life insurance. Additionally, there are policies for accidental death insurance, mortgage protection insurance and . On This Page
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