Brighthouse Life Insurance Review

As a MetLife subsidiary, Brighthouse Financial sells specialist insurance policies at low prices to the general public. Brighthouse is a great choice whether you’re searching for term or universal life insurance. However, you might save money by switching to a different company that offers more flexible insurance. This Brighthouse Life Insurance Review might be a big help to you!

To top it all off, Brighthouse only sells insurance plans with huge dollar amounts on them. Otherwise, you’ll have to go elsewhere if your budget falls between $50,000 and $200,000.

Pros and Cons of Brighthouse Life Insurance

Brighthouse Life Insurance Review - Brighthouse Life Insurance Logo

Pros

  • Healthy candidates get quick underwriting.
  • Convenient online tool for those with certain medical problems
  • The ability to pay

Cons

  • Systems that aren’t as up to date
  • Interminable procedure for submitting an application

Brighthouse Life Insurance Rates

Our example was a $500,000, 20-year term life insurance policy for a healthy husband and wife in 2021. All three variables showed rates that were below average for a policy of this size and duration. Brighthouse life insurance premiums may be higher for a 60-year-old male, but that 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?

Brighthouse offers both short-term and long-term policy alternatives.

  • Term life insurance. One of Brighthouse’s most cost-effective options is the Simply Select Term plan, which covers 10, 15, 20 or 30 years for the price of 10. Unless otherwise specified, premiums are locked in until a specific future date, at which point the insurance can be converted to permanent coverage without incurring any further costs.
  • Term life insurance with an annual renewal option. The insurer also offers one-year term life insurance coverage.
  • Insurance for the rest of your life. For the duration of the policyholder’s life, this insurance covers them and grows cash value at a set rate defined by the insurer.
  • Life insurance that is both traditional and innovative. Brighthouse’s SmartCare package includes index universal life insurance as well as long-term care insurance. This hybrid policy will pay out a death benefit and provide long-term care in the event of your death.

What riders can I add to my policy?

Typical riders like the following can be added to Brighthouse policies by policyholders:

  • Accelerated death benefit. When a terminal illness is discovered, a portion of your death benefit will be paid out to you.
  • Long-term care insurance policy. The death benefit can now be used to cover long-term care costs. Several Brighthouse long-term care rider options take inflation and indexing into account.
  • Rider for conversions. Invest in permanent life insurance two or five years after getting term insurance.
  • Riders gain from critical sickness. The coverage will pay out a lump amount if you are diagnosed with a severe illness, such as a stroke.
  • Rider for disability income. You will get a monthly payment from this plan if you become incapacitated and unable to work.
  • Adding dental and vision coverage as an endorsement to your homeowner’s insurance policy. For a short time, you can purchase extra insurance to supplement your existing permanent policy’s benefits.
  • Rider waiving premium fees. It is possible to have your insurance premiums waived if you become permanently disabled and are unable to work for six months or more.

Brighthouse life insurance reviews and complaints

In spite of the fact that Brighthouse Financial is not accredited by the BBB, its customers give it an A+ for customer service. The Better Business Bureau has received 45 complaints in the previous three years, and each one was promptly resolved by the insurance firm. Several of the complaints highlighted billing and communication issues.

According to the latest JD Power life insurance study, Brighthouse Life Insurance was ranked 17th out of 22 insurers. Two out of five stars were awarded for customer satisfaction and service, suggesting room for improvement. The company receives an A+ from AM Best.

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