Selecting a particular life insurance company is not an easy decision to make. The reason is that if appropriate measures are not taken, it may lead to wrong decisions leading to heavy consequences. Hence, it is necessary to investigate reviews of any insurance firm before you make your decisions. You will get to enjoy several benefits if you buy some life insurance products. Let us now review the Brighthouse Financial Life Insurance company.
BrightHouse Financial Life Insurance is an insurance company in the United States of America. The financial company provides both annuities and life insurance opportunities for its clients. The company has been rated 3.5 out of 5 stars online, by considering customers’ experience. Below is the overview of Brighthouse Financial company, which will guide your decision on whether to choose Brighthouse Financial services.
Overview of Brighthouse Financial Life Insurance company
This company is one of the sub-companies of Brighthouse Holdings LLC, which is in the United States of America. Brighthouse started operating in the year 1863 and its head office is in North Carolina, in the United States. The company changed its name from MetLife company to Brighthouse Financial Life Insurance company in 2017. The company deals many on providing individuals with Annuities (variable, fixed, and index-linked), Life (term, whole, universal, and variable insurance products and services), and Run-off (bank-owned, company-owned, and other life insurance policies) services.
Pros of Brighthouse Financial company
- The company have had a good record in providing quality customer services.
- This company has been a leading insurance company in the United States.
- Brighthouse is a very competitive company that gives the company edge over similar companies.
- The Life Insurance company have cheaper and affordable insurance policies fees.
- The company boasts of its large market coverage in several states in the United States.
- The company also ensures that its customers do not suffer from financial issues. Financial protection.
Cons of Brighthouse Financial company
- Poor life insurance policy
- Rigorous insurance process
- Brighthouse Financial Life Insurance company offers lesser services when compared to other insurance companies.
Services provided by Brighthouse Financial company
The following will explain the types/ forms of services offered by Brighthouse Financial services.
- Term life insurance: This insurance type could be in form of short-term that last up to 1 year or renewable type that can last up to 5 years. The renewable type can also be converted to full insurance after one year.
- Universal life insurance: This type of insurance covers almost your general needs, which money can get for a few years. You have to pay some fees during the initial stages of this insurance policy to enjoy the services.
- SmartCare: This type of insurance policy provides you with an opportunity to use their death insurance policy’s benefit for long-term funding.
- Permanent life insurance: This type of insurance policy provides you with full life insurance. This insurance policy can last up to your retirement age while providing you with the needed funds to pay your bills.
- Brighthouse Financial annuities: This company provides annuities for their customer to purchase at cheaper fees. According to the plan you choose, such annuities will allow you to solve your financial issues up to your retirement age.
Bottom Line
Brighthouse Financial Life Insurance provides both annuities and life insurance opportunities for its clients. The company has been rated 3.5 out of 5 stars online, by considering customers’ experience. The company review shows that the pros are greater than the cons, and they offer about five different services (insurance types and annuities). Owing to the review made, Brighthouse is a good company for both life insurance policies and annuities. Therefore, choosing Brighthouse company does not seem to be a mistake recently.
Frequently Asked Questions (FAQs)
- What benefits will I enjoy if I choose Brighthouse Life Insurance?
Brighthouse offers you different life insurance policies at an affordable price, provides financial security and offers great customer services.
- Does Brighthouse offer a full life insurance package?
Yes, Brighthouse provides a full life insurance package and other packages such as universal and SmartCare.
- Is Brighthouse company different from MetLife company?
Yes, the Brighthouse company is no longer known as MetLife company. The Brighthouse Financial Life Insurance company was a new name the company chose to bear instead of MetLife company in 2017.
- How does Brighthouse Financial Life Insurance company distribute its products and services?
Brighthouse Financial Life Insurance company has several ways they distribute their products and services, which is dependent on the kind of product. As for annuity products, it is distributed via brokerage firms, financial institutions, and planners. Whereas, Life insurance products are distributed through agencies, such as brokerage general agencies, financial personnel, among others.
