Brighthouse Life Insurance Company is a prominent provider of annuities and life insurance in the United States.
Originally established by MetLife, its mission is to empower individuals to achieve financial security.
Brighthouse specializes in products that are integral to helping people safeguard and prolong what they’ve earned.
Providing Financial Security and Peace of Mind
Company Profile
Group Affiliation: Brighthouse Holdings Group
State of Domicile: Delaware
NAIC Company Code: 87726
Year Founded: 1863
Website: [Brighthouse Financial](https://www.brighthousefinancial.com/)
Phone: (800) 882-1292
Address: 11225 North Community House Road, Charlotte, NC 28277
Assets and Liabilities
Assets: $82,868,323,522
Liabilities: $76,814,647,648
Capital and Surplus: $6,349,379,241
Assets to Liability Ratio: 107.88%
Ratings
A.M. Best: (3rd of 15 ratings)
Standard & Poor’s: (5th of 20 ratings)
Moody’s: (7th of 21 ratings)
Fitch: (6th of 21 ratings)
Comdex
Brighthouse Financial concluded its separation from MetLife on August 4, 2017, and commenced trading on the Nasdaq stock exchange on August 7, 2017, under the symbol BHF.
Following the separation, MetLife retained a 19.2% stake in the company.
In 2018, MetLife divested its remaining interest through a debt-for-equity exchange with four financial institutions that owned MetLife debt.
The company is headquartered in Charlotte, North Carolina, and began selling annuity and life insurance under the Brighthouse Financial brand on March 6, 2017.
Separation from MetLife
In January 2016, MetLife, Inc. announced its intention to separate a significant portion of its U.S. Retail segment, which focused on selling life insurance and annuities.
The entities marked for separation into the new enterprise included Brighthouse Life Insurance Company (formerly MetLife Insurance Company USA), Brighthouse Life Insurance Company of NY (formerly First MetLife Investors Insurance Company), and New England Life Insurance Company.
On July 21, 2016, MetLife announced it would rebrand the business as Brighthouse Financial, and on March 6, 2017, the company began selling annuity and life insurance under the Brighthouse Financial brand.
Products
Brighthouse Financial offers a range of life insurance products, including term life, whole life, and indexed universal life (IUL) insurance.
Term life policies offer coverage without a medical examination, with quick approval times and flexible terms. Whole-life policies are available for term conversions and provide lifelong coverage with cash value accumulation.
The indexed universal life insurance policy, Brighthouse SmartCare, offers both a death benefit and long-term care protection.
Available Riders
Brighthouse Life Insurance Company provides additional riders to enhance policy coverage, including:
Waiver of Premium Rider
Accelerated Death Benefit (ADB): Terminal Illness Rider
ADB: Long-Term Care Rider
Customer Service
Brighthouse Life Insurance Company can be reached by phone at (800) 882-1292 during their business hours, Monday through Friday between 8:30 a.m. and 6:30 p.m. ET. Additional customer service information is available on their website
Methodology
Our comprehensive ranking methodology assesses life insurance companies based on customer priorities and core company fundamentals.
We evaluated over 90 insurers using 55 metrics across five categories: financial stability, customer satisfaction, product and feature variety, the overall buying experience, and cost.
The metrics were categorized and weighted to determine the overall rankings.
