Life Insurance

Brighthouse Financial Life Insurance Review

By Peter Mondrose Peter Mondrose is the Head of Insurance Content at Bankovia. He received his degree in Economics in 1998 and a second degree in Journalism in 2004 from the University of Chicago. Most recently he served as Head of Content at QuoteYeti.com, and editor at BusinessPundit.com 4 minute read

Brighthouse Financial Life Insurance, a MetLife subsidiary, among other things, offers low-cost specialty insurance products to members of the general public. Brighthouse is an excellent option to term or universal life insurance coverage. On the other side, switching to a more adaptable insurance provider may result in cost savings.

To top it all off, Brighthouse is the lone provider of insurance products with exorbitantly expensive prices. If your budget is between $50,000 and $200,000, you’ll need to go elsewhere if you’re not willing to sacrifice quality.

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Pros and Cons of Brighthouse Life Insurance

Pros

Brighthouse Financial Life Insurance Review - Brighthouse Financial Life Insurance Company Logo
  • Priority is given to applicants in excellent health.
  • Individuals who are battling certain medical conditions may benefit from this easy online tool.
  • Possessing the capacity to pay

Cons

  • Systems that are out of date
  • Submitting an application can be a lengthy process.

Brighthouse Life Insurance Rates

To illustrate, a $500,000, 20-year term life insurance policy was used in 2021 for a healthy husband and wife. Rates were lower in all three variables than would be expected for a program of this size and length. The fact that a 60-year-old man pays more for Brighthouse life insurance does not indicate that this is the norm, but rather an exception.

  • 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 provides policy alternatives for the near and long term future, based on the circumstances. Brighthouse provides policy alternatives for the near and long term future, based on the circumstances.

  • Term life insurance. You may get coverage for 10, 15, 20, or 30 years for the price of ten with Brighthouse’s Simply Select Term plan. It is one of the most economical choices accessible. Premiums are fixed until a certain future date, at which point the insurance can be changed to permanent coverage at no additional expense.
  • Annual renewal is an option with term life insurance. Additionally, the insurer offers one-year term life insurance.
  • Insurance coverage is given for the remainder of your working years. Unlike other forms of insurance, this one protects the policyholder for the remainder of his or her life and grows the cash value at the insurer’s specified rate.
  • Traditional and innovative life insurance. Along with index universal life insurance, Brighthouse’s SmartCare package includes long-term care insurance. This hybrid insurance’s death benefit and long-term care coverage will be paid out in the event of your death.

What riders can I add to my policy?

Brighthouse customers can personalize their plans by adding typical riders such as the following:

  • Death benefit accrues at a faster pace. If you are diagnosed with a terminal disease, you will be entitled to a portion of your death benefit.
  • Insurance for long-term care is available. Previously, death benefits could not be utilized to assist pay for long-term care. Brighthouse provides a selection of long-term care riders that take inflation and indexing into account.
  • Conversion rider. Consider purchasing permanent life insurance after two or five years of holding term life insurance.
  • Riders benefit from critical illness. If you are diagnosed with a life-threatening illness, such as a stroke, your insurance company will pay you a lump amount from your policy’s proceeds.
  • As an add-on, supplemental disability income is offered. If you become disabled and are unable to work, this plan will give you a monthly benefit until you regain your ability to work.
  • Dental and vision coverage can be added as an endorsement to your homeowner’s insurance policy. To augment the benefits of your existing permanent coverage, you can get supplemental insurance for a specified length of time.
  • At the moment, riders are not required to pay any premiums. Depending on your circumstances, you may qualify for a waiver of your insurance payments if you become permanently disabled and are unable to work for a period of six months or longer.

Brighthouse life insurance reviews and complaints

Brighthouse Financial is not recognized by the Better Business Bureau, yet its clients rate its customer service an A+. The Better Business Bureau received 45 complaints against the insurance business within three years. Each problem was thoroughly researched and handled in a timely manner. Numerous concerns were voiced regarding invoicing and communication difficulties.

In a recent JD Power life insurance rating, Brighthouse Life Insurance was ranked 17th out of 22 insurers. Customer satisfaction and service received just two out of five stars, indicating that there is need for improvement across the board. AM Best rates the firm A+.

Best Affordable Life Insurance
Free Life Insurance Quote, No Obligation.

An easy, affordable and dependable way to look after the people you love.

More Info →
EverdayLifeInsuance.com is a promotional partner of Bankovia.
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