Annuity Products and Guaranteed Income | Brighthouse Financial (2024)

FAQs

What are annuities with guaranteed income? ›

Guaranteed income annuities can provide lifetime cash flow in retirement that covers essential and other expenses and isn't vulnerable to market ups and downs. life or for a set period of time for you or for you and your spouse. Optional features allow you to choose what works for you.

Other than Social Security and pensions, annuities are one of the only types of financial products that can provide guaranteed lifetime income payments.

An annuity is a contract between a purchaser and an insurance company in which the purchaser agrees to make a lump sum payment or series of payments in return for regular disbursem*nts, beginning either immediately (within 12 months) or at some future date.

What do analysts say about Brighthouse Financial? Brighthouse Financial's analyst rating consensus is a Moderate Sell. This is based on the ratings of 7 Wall Streets Analysts.

Payments You Might Receive From a $50,000 Annuity

If you use $50,000 to buy a fixed annuity paying 5% per year, for example, you'll earn $2,500 annually or about $208.33 per month. Deferred annuities, on the other hand, can be more complicated to estimate payments for because there are so many variables.

Annuities can be a bad choice for some people—they have higher fees and less flexibility than some savings options. And depending on the type you choose, your heirs may get nothing after you die even if far less was paid out than you had contributed. but for others they are a great option to help save for retirement.

Advantages of Guaranteed Income Plan

One of the several advantages of guaranteed income plans is that they provide a dependable source of income upon retirement, acting as a kind of financial cushion.

Guaranteed investment income is sold by insurance companies as an investment vehicle. There are many types of guaranteed investment income funds. Guaranteed investment funds promise that all or part of the invested capital will be secure at a specific, designated time.

So, if you have experience and success managing your funds on your own and can convert your assets into an income, there is no reason to buy an annuity. 2. Don't buy an annuity if you're sure you have enough money to meet your income needs during retirement (no matter how long you may live).

How much does a $100,000 annuity pay per month? ›

A $100,000 immediate income annuity purchased at age 65 could provide around $614 per month. With a 5% interest rate and a 10-year payout period, the same annuity might pay approximately $1,055 monthly. At age 70, a similar annuity could offer a lifetime payout of around $613 per month.

Annuities can lose value, especially variable annuities, where returns are tied to investment performance, so poor-performing investments can lead to a lower account value. Indexed annuities may return less than expected due to costs like caps and fees.

S&P Global⁶ assigned an A+ insurer financial strength rating (5th highest of 22 ratings) to the operating companies of Brighthouse Financial.

Moody's stated that its ratings are based on our strong asset quality and capitalization. S&P7 assigned an A+ rating to the insurance subsidiaries of Brighthouse Financial. The rating reflects our strong business profile and competitive position, very strong capitalization, and exceptional liquidity position.

Why does MetLife no longer sell individual life insurance or annuities through in-person agents? We have separated part of our U.S. business from MetLife to become its own company, called Brighthouse Financial, Inc. As a separate company, Brighthouse Financial focuses on retail products for consumers.

Annuities can provide a reliable income stream in retirement, but if you die too soon, you may not get your money's worth. Annuities often have high fees compared to mutual funds and other investments. You can customize an annuity to fit your needs, but you'll usually have to pay more or accept a lower monthly income.

1) Limited Returns & Teaser Rates

This means that they'll guarantee an attract return for a short period of time, but then reduce it after a few years. From that point on, you'd be stuck with the same low return unless you backed out of the policy. In any event, fixed annuities are not a vehicle for growth.

Estimated Monthly Payments from a $250,000 Annuity

At age 65, monthly payments range from $1,387 for a single life with cash refund to $1,465 for a single life-only option.