Brighthouse Financial Builds on the Success of its Shield Level Selector Annuities with Expanded Product Line

Insurance Weekly News

By a News Reporter-Staff News Editor at Insurance Weekly News -- Brighthouse Financial, an operating segment of MetLife, Inc. (NYSE:MET) and one of the leading providers of annuity and life insurance solutions in the United States, announced an expansion of its suite of Shield Level Selector annuities with the availability1 of the Shield Level 10 annuity. The announcement marks the first new product introduction following the launch of the Brighthouse Financial brand in March, and reflects Brighthouse Financial's mission to help people protect what they've earned and help ensure that it lasts. MetLife, Inc. has initiated the regulatory process for the planned separation of Brighthouse Financial.

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Shield Level 10, an index-linked, single premium deferred annuity with no annual fees, was designed in response to distributor requests for a Shield Level Selector product with a streamlined set of features and options. Providing an innovative approach to combining market participation and protection, Shield Level 10 allows retirement savers to take advantage of the growth opportunities in equities markets, while being protected from the first 10 percent of index loss.

Wells Fargo Advisors will serve as initial distributors for Shield Level 10. "We are pleased to offer our clients retirement strategies such as Shield Level 10 to help them protect and grow their retirement savings," said Bernie Gacona, Senior Vice President, Director of Annuities, Wells Fargo Advisors.

"Shield Level 10 is one part investment and one part protection against index loss," said Myles Lambert, chief distribution and marketing officer, Brighthouse Financial. "Given consumers' positive response to Shield Level Selector, we are excited to be working with Wells Fargo Advisors to bring to market the newest member of our flagship annuity product family."