July, 26 2017

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Brighthouse Life Insurance Company Review

Brighthouse Life Insurance Company Review

Author
  • Price
  • Underwriting
  • Financial Rating

Brighthouse Life Insurance Company Review

Pros: Brighthouse is an operating segment of MetLife, one of the most well-known and recognizable names in life insurance. Size– Brighthouse is a major life insurance and annuity company with $240 billion total assets and 2.8 million insurance policies and annuity contracts inforce.

Cons: Term life insurance coverage starts at $1 million which may be more than some people need.

Bottom Line: MetLife, one of the most well-known and recognizable names in life insurance for well over a century has scrapped its MetLife retail brand name and its famous mascot, Snoopy, for a spinoff company known as Brighthouse Financial.  Brighthouse Financial, (life insurance underwritten by Brighthouse Life Insurance Company) is an operating segment of MetLife.  As of 2017, no longer will we see the iconic MetLife brand selling new life insurance business, but instead be replace by Brighthouse Life Insurance Company accompanied with a new logo.

The products that Brighthouse Financial, (Brighthouse Life Insurance Company) will offer universal life insurance and term life insurance starting at $1 million.

Like many top life insurance companies, Brighthouse Life Insurance rates are very competitive in certain areas and higher in others.  Brighthouse Life is graded with the third highest category in financial ratings with an A (Excellent) from A.M. Best.  As with all the life insurance companies we review, we recommended that you receive a quote from Brighthouse Life Insurance Company (Bright House Life Insurance) and from the other top companies and choose the best policy for you.

About

Type: Operating Segment of MetLife (NYSE: MET)

Founded: Brighthouse Financial 2017 (MetLife 1868)

Underwritten by: Brighthouse Life Insurance Company

Website: brighthousefinancial.com

Phone: (800) 638-5433

Address: 11225 N Community House Rd, Charlotte, NC 28277

A.M. Best Rating: A (Excellent) Third highest of 16 possible ratings

Total Assets: $240 billion

Life Insurance Policies and Annuity Contracts: 2.8 million

Competition: Prudential, New York Life, Northwestern Mutual, Mass Mutual, John Hancock, Principal, State Farm, Allstate, AIG, Mutual of Omaha, Ohio National Life, SBLI, Protective Life, Primerica, Cincinnati Life, USAA, Pacific Life Insurance Company, North American Co, Minnesota Life, Midland National, Lincoln National Life,  AXA Equitable, Symetra Life Insurance, Transamerica.

Brighthouse Life Insurance Company Rates Vs. The Market

Sample $1 million ($1,000,000) Term Life Insurance Policy at the best health class.

$1 million 10 Year Level Term

40 Year Old Male

Company                                                       Price                    Rating

Mutual of Omaha                                     $30.84 month            A+

Protective Life                                          $32.27 month            A+

Brighthouse Life Insurance                  $32.31 month            A

Ohio National                                          $32.44 month           A+

MassMutual                                             $35.17 month           A++

John Hancock                                         $36.72 month           A+

SBLI                                                          $40.02 month          A

AXA Equitable                                        $44.91 month          A+

Transamerica                                          $46.44 month         A+

Nationwide                                             $46.73 month          A+

New York Life                                        $46.89 month         A++

 

$1 million 15 Year Level Term

50 Year Old Male

Company                                                       Price                  Rating

Mutual of Omaha                                     $83.34 month           A+

Protective Life                                           $83.93 month          A+

Lincoln National                                      $84.36 month           A+

Pacific Life                                                 $84.15 month           A+

John Hancock                                           $84.43 month          A+

Principal                                                    $86.50 month          A+

SBLI                                                           $86.56 month          A

Brighthouse Life Insurance                 $91.71 month            A

AIG                                                            $98.09 month           A

Transamerica                                           $98.90 month        A+

Primerica                                                   $117.33 month       A+